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Sakuma Exports to invest Rs 74 crore in its UK subsidiary

Sakuma Exports to invest Rs 74 crore in its UK subsidiary

In a bid to expand its global footprint, Sakuma Exports Ltd. has announced an investment of £7.1 million or around Rs 74 crore in its wholly-owned subsidiary, Sakuma Impex LTD. UK. This investment underscores Sakuma’s commitment to capitalizing on emerging opportunities in European and Western markets.

Leveraging its efficient supply chain and innovative strategies, Sakuma Impex LTD. UK is poised for accelerated growth and aims to achieve superior profit margins compared to its Indian counterpart.

With a focus on tapping into new markets and enhancing operational efficiency, Sakuma Exports reaffirms its position as a forward-thinking leader in the agro-commodities sector.
 
Earlier, Sakuma Exports Limited announced that its consolidated revenue from operation in Q3FY24 was Rs 777.06 crore. 

This is over 115 per cent growth from Rs 360.50 crore in the second quarter of FY24. However, this is a considerable dip when the revenue from operations is compared on a YoY basis. The company had reported Rs 80.95 crore revenue from operation in Q3FY23. 
 
Earlier, the agro-commodities company said that it would commence direct procurement from farmers with a specific focus on seizing emerging market potential in Eastern India. 

Doonited Affiliated: Syndicate News Hunt

This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited

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