Candytoy Targets Rs 450 Cr Turnover by FY26 and Stake Divestment Strategy

Monday, 26 August 2024, 00:15

Candytoy is targeting a Rs 450 crore turnover by FY26 while planning a stake divestment for funding. The company collaborates with brands like Colgate and Puma. As part of its growth strategy, it aims to raise Rs 90 crore through equity sale.
Indiatimes
Candytoy Targets Rs 450 Cr Turnover by FY26 and Stake Divestment Strategy

Candytoy’s Ambitious Financial Goals

Candytoy, renowned for its unique candy toys developed for acclaimed brands Colgate, Puma, MTR, Bournvita, and Yellow Diamonds, is setting its sights on achieving an impressive Rs 450 crore turnover by the end of FY26.

Equity Divestment Strategy

In a move to fund these aspirations, the Indore-based company plans to divest 10% of its equity for Rs 900 crore. This strategic financial decision is expected to raise Rs 90 crore to facilitate its growth. Founder Director Gaurav Mirchandani has indicated that this step is vital for future expansions.

Future Market Presence

In addition to this, Candytoy is working towards a potential stock market listing within the next three years, showcasing its ambitions not only in toy manufacturing but also in innovative business practices.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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