NewZNew (Chandigarh) : Ruchi Soya Industries Limited (Ruchi Soya), India’s number one edible oil and soya foods company has for the third consecutive time made it to the list of top 250 consumer companies in the world. As per the eighth annual Global Powers of Consumer Products 2015 report issued recently by Deloitte Touche Tohmatsu Limited (DTTL), Ruchi Soya features amongst the only two companies from India to make it to this global power list.
The report in its eighth year identifies the 250 largest consumer products companies around the world based on publicly available data for the fiscal year ended through June 2014. ITC is the only other Indian company to get a place in this coveted list. Ruchi Soya manufactures and markets edible oils and soya products under popular retail brands like Nutrela, Mahakosh, Sunrich and Ruchi Gold. With the reported net sales of USD 4684 Million, Ruchi Soya has been ranked at the 156th position in the top 250 consumer companies globally.
Ruchi Soya has also been featured at number 22 in the 50 fastest growing consumer companies globally and is again among the only two Indian companies (along with ITC) to be featured in this list.
Mr. Dinesh Shahra – Founder & Managing Director, Ruchi Soya Industries Limited said, “It is a great honour to be featured in this elite list again. We have created some of the finest and most reliable brands in a highly commoditized market. The company’s assets have been built strategically over the years, and we are now well positioned to transition into a primarily branded player. This may help us improve our profit margins.”
According to the report the Top 250 consumer products companies generated sales of nearly US$3.1 trillion in 2013. This is down slightly from 2012’s Top 250 sales total due to changes in the composition of the group. Sales grew at a moderate 4.2 percent pace in 2013 for manufacturers of food, drink and tobacco products, an increase from the 3.8 percent growth in 2012. Despite modest growth, the group remained highly profitable, posting a composite net profit margin of 10.2 percent.