Candico’s Retail Division Initiative

• CANDICO is the first Indian confectionery company to enter organized retail. This specialty confectionery retail initiative comes at a time when the retail sector in India is witnessing rapid expansion.

• According to an IMAGES-KSA Technopak study, organized organized retailing in India is projected to grow at the rate of 25%-30% p.a. and is estimated to reach Rs. 1000 billion by 2010 fuelled by the emergence of upwardly mobile Indian consumers seeking an international shopping experience.

ORG MARG pegs the organized sector of the confectionery market at Rs. 1400 crore, growing at 9% per annum.

Retail Plans
The company plans to open 20 specialty confectionery stores by end 2005, and 200 stores by 2010.
These stores shall have a national foot print & cover all major urban centers in India.
The retail chain initiative by CANDICO involves a total investment of Rs. 30 crore for 200 retail stores across India by 2010.
CANDICO also plans to open specialty confectionery stores in South Africa.

All specialty stores will stock a wide variety of chocolates; candies, jellies and sugar free candies, with as many as 200 new confectionery items available at each store.
The chain shall operation a Pick-N-Mix concept, where consumers can select from a wide assortment of candies, jellies and chocolates to suit their tastes.

For more details contact us at : retail@candicoindia.com