TagZ Foods aims for $128 million sales to expand product portfolio
Category: #business  | By Mateen Dalal  | Date: 2022-05-25 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

TagZ Foods aims for $128 million sales to expand product portfolio

TagZ Foods, a leading snacks brand, has reportedly claimed the possibility to be the nation’s fastest direct-to-consumer food company to reach the annual sales mark of USD 128 million approx. The brand aims to increase its manufacturing units to back booming sales internationally and in India.

As per sources, during the year end in March 2022, TagZ Foods expanded its sales eight times and turned cash profitable pushed by distribution and increased portfolio.

Anish Basu Roy, Founder, TagZ Foods stated that the brand is creating a future where consumers won’t have to consume unhealthy snacks or be obligated to intake the usual health bars, makhanas, or roasted puffs for the sake of healthy snacking. 

Anish mentioned that from just 50 retailers, the company has now reached around 2000 premium distributers and retailers throughout India. It was quoted that the brand is prevalent amongst 30 to 40 million homes in the country to start with.

According to reports, the Bengaluru-based company, popularly known for potato chips, has already introduced variants in premium bars and gourmet dips and will very soon launch Hash cookies.

Founded by Sagar Bhalotia and Roy in 2019, TagZ Foods has already surpassed sales of 6,500,000 products since its launch and around 40 per cent of the sales have been reported from repeat customers.

Reportedly, from single manufacturing plant, the firm has spread through 6 facilities pan India. Moreover, the company also aims to multiply its distributors three-fold from 70 to 200 and include new countries for export like Bahrain, Kuwait, Thailand, Bhutan, and Myanmar.

Basu added that India has witnessed very less advancements in developing better-for-you and genuinely innovative food because of which the Indian packed food market is flooded with mass-produced, unhealthy, and non-eco-friendly packaged food from legacy brands.  

Source Credits: - https://economictimes.indiatimes.com/tech/technology/tagz-foods-eyes-rs-1000-crore-sales-to-expand-manufacturing-units-product-portfolio/articleshow/91763936.cms

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

AstraZeneca take overs TeneoTwo to expand haematological cancer pipeline

AstraZeneca take overs TeneoTwo to expand haematological cancer pipeline

By Mateen Dalal

AstraZeneca has reportedly entered an agreement to acquire TeneoTwo, Inc., comprising TNB-486, Phase one clinical-stage T-cell engager, CD19/CD3, which is currently under assessment in refractory and relapsed B-cell non-Hodgkin lymphoma1. As per r...

IMCD aims expansion in Bangladesh with a new office & laboratory launch

IMCD aims expansion in Bangladesh with a new office & laboratory launch

By Mateen Dalal

IMCD, a global leader in the formulation and distribution of speciality chemicals and ingredients, has recently announced that it is opening a Dhaka office and Food & Nutrition Application Laboratory to embrace its proficiency and expand its foot...

Celcom and Digi unite to drive digitalization for consumers, businesses

Celcom and Digi unite to drive digitalization for consumers, businesses

By Mateen Dalal

Axiata Group Bhd or Axiata and Digi.Com Bhd are anticipating the potential of their proposed merger company, which is expected to be known as Celcom Digi Bhd, for solidifying the capacity to accelerate digitization for businesses, consumers, and the ...