Godrej Nature’s Basket is targeting a turnover of Rs 10 billion through inorganic growth by financial year 2019-20. The company has also picked up minority stake in Goa’s retail chain Magsons Group as part of its store expansion strategy. Magsons group, which currently has annual sales of Rs 500-600 million, will manage supply chain and improve the margins in the first few years. The company currently has 32 stores across Mumbai, Pune and Bengaluru, and plans to add another 12-15 own stores in these cities. The store expansion plan of Nature’s Basket is an added business opportunity for the signage companies whose activities involve in in-store branding and display projects.
