Ujala maker Jyothy Laboratories is now looking at riding the Ayurveda wave. CNBC-TV18 learn that the company is planning a series of new launches in the Ayurveda space which will lead to the company more than doubling its revenues from personal care space by 2021. In an interview with CNBC-TV18, MP Ramachandran, Chairman & Managing Director of the company spoke about the latest happenings in his company and sector.
We are completely geared up for the launch of ayurvedic products, personal care products by 2021-2022, he said.
Will launch two more home care products in FY18-FY19, he added.
We are targeting around Rs 400-500 crore of revenues in two-three years’ time from ayurvedic products, said Ramachandran.
Speaking about price increase, he said, we have slashed the prices on some of the items to give effect to the goods and services tax (GST) impact, we have passed on the benefit to the consumers and doing very well.
For full interview, watch accompanying video...
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