The company has been keen on expanding its operations to the rural market and is seeing more growth opportunities in rural retailing. The growth in revenue would also mean the company is investing in research & development and manufacturing activities, he added.
At present, it has around three of its own manufacturing facilities and almost 14 third-party units where its products are manufactured. However, Kotecha did not divulge how much the company would be investing to achieve the goal.
He said that the Kerala floods have had an impact on the company's supplies to the state and it is currently taking stock of the same.
The company will start a pilot project on the biodegradable packaging material, using a plant-based raw material, in one of the cities in North India by the end of the year. The pilot, which might have a duration of 12-18 months, is meant to give the company an idea about the feasibility and viability of the model, he added.
The company had earlier announced its plans to reduce sodium in 75 per cent of its food portfolio by 2025. Till date, the company has been successful in reducing five per cent to 25 per cent sodium across various variants of its snacks master brands.