Gemini Edible & Fats India Pvt. Ltd, which has edible oil refineries at Kakinada and Krishnapatnam, is expecting to record a turnover of Rs. 1,500 crore during current fiscal.
Announcing that their most popular brand – Freedom refined sunflower oil – had attained the No. 1 position in the refined sunflower oil category in Visakhapatnam by volume market share, company’s vice-president (Sale & Marketing) P. Chandra Shekhar Reddy told reporters that their last year’s turnover was Rs. 1,358 crore.
He said as per the Nielsen Retail Audit Data Q-3 2012 (July–September), Freedom refined sunflower oil had surged ahead with a 6.9 per cent increase in market share (from 17 per cent in Q-3 2011 to 23.9 per cent in Q-3 2012), making it the largest selling sunflower oil brand in Visakhapatnam.
The Kakinada unit has a production capacity of 200 tonnes a day and the Krishnapatnam unit’s capacity is 900 tonnes a day.
Within three years of operation, the company with wide range of oils and fats was involved in bulk trading, branded sales, and value added fats, Mr. Reddy said.