Diversification of products, as well as geographies, will be the key drivers for the future growth of Kaveri Seed Company. Although it is the country바카라s largest producer of hybrid cotton seeds, it wants to reduce its dependence on cotton, which together with lint contributes 60% of its revenues.
From Cotton To Cabbage 바카라 Kaveri Seed바카라s New Journey
Over the next few years, the company aims to reverse the scenario, i.e. derive 60% of its revenues from non-cotton businesses.
Over the next few years, the company aims to reverse the scenario, i.e. derive 60% of its revenues from non-cotton businesses. Apart from rice, maize and bajra, several vegetables such as okra, cabbage, carrot, and pumpkin will provide additional incomes in the near future.
Although Kaveri Seed has a pan-India presence in terms of geography, it is dominant in the southern states like Karnataka and Andhra Pradesh. Now, states an analyst report (January 2021) by Ashika Stock Broking, it wishes to offer vegetable seeds in other states such as Bihar, Jharkhand, Odisha, West Bengal, Maharashtra, and Gujarat.
Export is another lucrative option for the company to develop new revenue sources. 바카라It has also started exporting to new countries such as Pakistan, Sri Lanka, and Nepal besides Bangladesh that it now exports to바카라, states the report. Further, the company has shortlisted nine countries as 바카라potential export바카라 ones. The share of new products in total revenue increased from 5% FY 17 to 23% in FY 20. This will go up further.
Show comments