KSDL aims turnover of ₹5,000 cr. by 2030, to diversify into cosmetics, perfumes
Karnataka Soaps and Detergents Limited (KSDL) aims to achieve a turnover of ₹5,000 crore by 2030, having recently reported a turnover of ₹2,016 crore. The company has introduced 57 new products in the past three years, expanding its portfolio to 94 items. Additionally, KSDL is launching a new initiative to grow sandalwood in partnership with farmers to ensure a steady supply of sandalwood oil.
- ▪KSDL was established in 1916 and has set a turnover target of ₹5,000 crore by 2030.
- ▪The company reported a profit of ₹507 crore and plans to pay ₹157 crore as dividend to the government.
- ▪A new manufacturing unit will be set up in Vijayapura with an allocation of ₹229 crore.
Opening excerpt (first ~120 words) tap to expand
Karnataka Soaps and Detergents Limited (KSDL), set up in 1916 as the government soap factory by Maharaja Krishna Raja Wadiyar IV to utilise surplus sandalwood reserves during World War I, has set an ambitious turnover target of ₹3,000 crore by 2028 and ₹5,000 crore by 2030.The State-owned enterprise, on Tuesday, announced a turnover of ₹2,016 crore and a profit of ₹507 crore during the March 31-ended financial year 2025-26. Speaking on the occasion, M.B. Patil, Minister of Large and Medium Scale Industries, said that while it took the organisation 105 years to reach a turnover of ₹1,000 crore, it doubled this figure to ₹2,000 crore in just four years.Read | Union Budget 2026: Karnataka to benefit from sandalwood revival plan amidst shortfall in supplySpeaking at a felicitation ceremony…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
Discussion
0 commentsMore from The Hindu
