DS Group (Dharampal Satyapal Group) aims to double its revenue by 2029 ₹20,000 million, from ₹Rajiv Kumar, the company’s vice chairman, said 100 million in 2024-25 were reported on the back of the expansion of new product launches and distribution networks.
“The food and beverage sector has grown rapidly over the past three years. We will continue to expand our distribution network to ensure our products reach every corner of the country as well as global markets,” Kumar said.
It will launch more spices, candy and dairy products with a focus on rural areas, II and -III cities. It also enters categories such as gravy and packed ghee.
In 2024, spice fishing sellers said they plan to double their spice business ₹10 million ₹In the next two to three years, there were 20 billion tens of millions.
The Food and Beverage sector, which expanded at a CAGR of 19% over the past three years, is the largest contributor to the company’s revenue, accounting for 42% of sales in 2024-25. The oral freshener segment contributed 38%, less than 10% tobacco and about 3% of hospitality.
Overall, the company’s revenue in 2024-25 increased by 16% year-on-year.
Several major Indian and international food and beverage companies have announced plans to expand in India. These plans involve both the introduction of new products and the acquisition of businesses to take advantage of specific niche markets.
For example, in 2025, ITC acquired frozen food brand Prasuma and organic staple brand 24 Mantra Organic. In 2024, Tata Consumer Products acquired organic Indian and Capital Foods to strengthen its presence in the Indian kitchen sector.
India’s food and beverage market is estimated to be $334 billion in 2023.
DS Group owns brands such as Catch, Pulse, Pass Pass, Rajnigandha, department store chain Le Marche and Dessert Outlet L’Opera, and also runs six hotels. Over the next three years, it plans to invest ₹There are 10 billion rupees in the hotel business, adding five to six properties.
In March, DS Group and Patanjali Ayurved jointly announced plans to acquire Magma General Insurance from Sanoti Properties LLP. ₹45 billion.
“This decision is more of an investment than a diversification. We are still focused on the overall consumer, food and beverage business,” Kumar said.
In 2023, DS Group acquired The Good Stuff Pvt, a candy company. Limited, supported by Goldman Sachs and Mitsui Venture Capital.
Kumar said the company will open up more deals if some benefits appear.
