Manpasand Beverages, which owns and manufactures brands like Mango Sip, Fruits Up and Pure Sip has announced plans to double its manufacturing capacity by setting up new plants. This is in response to a larger demand for fruit drinks.
Commenting on the plan, Dhirendra Singh the managing director of Manpasanad Beverages said “the still untapped demand for fruit drinks across India is huge. In spite of having commissioned two new plants in the last one year, we are unable to meet the demand from our existing markets, leave alone expanding our reach further.”
Plans For New Plants
In order to meet the demand, Manpasand Beverages will be setting up four new plants over the next 18 months. These will be spread across the country, with one in the South where Manpasand has a small presence. The new plants will help the company double its production facilities upto around 3.4 lakh cases per day.
Mapnpasand Beverages recently reported a 24.37% rise in net profit at Rs.5.41 core for the second quarter of the year which ended on September 30th 2016. The company has declined to comment on the amount of money it will invest in the new plants.