 "Candytoy Corporate partners with Reliance Retail, expanding candy toy supply to 1,400 stores, poised for rapid growth and potential IPO.")
Candytoy Corporate, a prominent manufacturer of candy toys based in Indore, has teamed up with Reliance Retail to supply confectionery toys across 1,400 of its stores. The partnership, recently initiated, aims to have at least 200 stores operational by Diwali, generating a revenue run rate of Rs 2 crore per month. The company specializes in 75 different SKUs of sweets and savory flavors. Currently valued at around Rs 1,000 crore, Candytoy Corporate plans to expand and may consider an IPO in the next few years. With a robust export Market, they expect to close this fiscal year with revenues between Rs 260 to 280 crore, targeting Rs 400 to 450 crore next year.
Candytoy Corporate Partners with Reliance Retail to Expand Candy Toy Supply
Candytoy Corporate, a prominent candy toy manufacturer based in Indore, has recently announced an exciting partnership with Reliance Retail. The company will supply its confectionery toys to 1,400 stores owned by the retail giant. This agreement, finalized a few months ago, marks a significant step forward for Candytoy Corporate.
Gaurav Mirchandani, the founder director of Candytoy Corporate, shared that they currently have active purchase orders for 15 outlets, with plans to expand to 200 locations by the end of Diwali. By the close of this financial year, operations will ramp up to 1,400 outlets. The expected revenue from this collaboration is promising, with an initial monthly run rate of Rs 2 crore from the first 200 stores, potentially growing to Rs 4 to 4.5 crore monthly thereafter.
Candytoy Corporate, valued at nearly Rs 1,000 crore, manufactures over 75 different products in the sweets and savoury candy categories. Their reach extends to various global markets, serving renowned companies like Colgate Palmolive and Puma across 40 countries. The company is also contemplating an initial public offering (IPO) within the next two to three years to support its expansion ambitions.
For the current fiscal year, Candytoy Corporate anticipates revenue between Rs 260 and 280 crore, with projections of reaching Rs 400 to 450 crore in the next fiscal year. The company is engaged in talks with potential investors and aims to publicize its growth strategy soon.
Stay tuned for updates on this significant collaboration that promises to reshape the candy toy industry in India.
Tags: Candytoy Corporate, Reliance Retail, business partnership, candy toys, IPO plans, confectionery supply, Indian markets, financial growth, investor relations.
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What is the partnership between Candytoy and Reliance Retail?
Candytoy has teamed up with Reliance Retail to provide a range of fun confectionery toys for customers. -
What types of products will be offered through this partnership?
They will offer a mix of candy and toy items, combining sweet treats with playful designs. -
Where can customers find these confectionery toys?
Customers can find these products at Reliance Retail stores and through their online shopping platform. -
How does this partnership benefit Candytoy and Reliance Retail?
This collaboration helps Candytoy reach more customers and gives Reliance Retail exciting new products to attract shoppers. - When will the confectionery toys be available for purchase?
The confectionery toys should be available soon, so keep an eye out in stores and online for updates.
