India: Vegit eyes 25% growth in FY’15, plans expansion

Vegit, the agro division of the Rs 950 crore Merino Group which offers ready-to-cook packaged foods, is eyeing 25 per cent revenue growth in the next financial year. “We are expecting a growth of 25 per cent on the back of our continuous addition to product portfolio,” Merino Industries Regional head Madan Singi said. Vegit began with potato flakes and ready to eat snack mixes under the brand name ‘Vegit’. The company has a unit in Hapur in Uttar Pradesh with a capacity of processing 50,000 tonne potatoes annually. More