RP Sanjiv Goenka Group Mulling Foray Into Ayurveda

The RP Sanjiv Goenka Group is mulling foray into ayurveda, a vertical in which major consumer goods players have set foot in-line with growing consumer preference. Group Chairman Sanjiv Goenka on July 18; 2019 said its research and development division is presently focused on three categories—personal care, ayurveda and Indian snacks, in the fast-moving consumer goods segment. In June 2019, CESC Ventures Ltd, a group company, had picked up a stake in Herbolab India Pvt Ltd, which makes ayurvedic medicines and products. Goenka said the group is also looking to launch the newly-acquired premium grocery offering, Nature’s Basket in Kolkata.

He said it would launch the grocery brand in the city with 15-20 stores, which it had acquired at a cost of Rs 300 crore from the Godrej Group. “We are keen to expand this brand in Kolkata and scouting for available space across the metropolis,” he said.
Ideally, the size of each of these stores is between 4,000 square feet and 5,000 square feet, but the maiden store in the city will likely be of 10,000 square feet, Goenka said. The group had got access to Nature’s Basket stores in prime locations of Mumbai, Pune and Bengaluru.
Source: PTI

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