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Premium tea company Vahdam India registered a 110 per cent growth in its net revenue for FY 2020-21 at Rs 159 crore.
In FY20, the company had reported a net revenue of Rs 75 crore. In a statement, Vahdam India said that it plans to achieve Rs 500 crore revenue in the next three years. During the last fiscal, the brand also achieved net profitability. Founder & CEO Bala Sarda said: "The pandemic has accelerated our growth, given the shift towards high quality and trusted wellness products, larger adoption of e-commerce globally and a more effective execution capability with a strong leadership team in place." "We plan to continue to grow by focussing on 3 key growth triggers i.e. going deeper in our current markets (the US, Canada, the UK and Germany) and grow our omni-channel distribution, strengthen our presence in new markets like India and diversify into other relevant product categories." --IANS rrb/sn ( 168 Words) 2021-04-14-22:06:04 (IANS)
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