Eye On Exports, Bikano Launches Frozen Products In International Market

Bikano hopes to capitalise on prospects in the international market and anticipates sales of Rs 200 crore in 2023-24

BS Web Team New Delhi
Sev

Representative Image (Photo: Shutterstock)

Listen to This Article

Snack and packaged food manufacturing company Bikano has launched a line of frozen items in the international market, with the goal of increasing export sales by 40 per cent year-on-year (YoY), reported

Economic Times (ET)

.

With this move, Bikano hopes to capitalise on prospects in the international market and anticipates sales of Rs 200 crore in 2023–24, it said.



The demand for Bikano products has progressively increased over the years in the international market, where not only Indians but even local inhabitants have begun to consume their products. The FMCG behemoth hopes to grow its foreign market share by up to 25 per cent with this strategy.

"Bikano is taking another step towards participating in every food occasion by expanding into the international frozen food segment. With the growing popularity of frozen snacks and meals around the world, we recognise the enormous potential in this area," said Manish Aggarwal, director, Bikano, Bikanervala Foods, according to media reports.



"Our focus remains on catering to the needs of retail consumers, and to that end, we have introduced affordable packages of 300 g and 400 g, comprising a wide range of savoury snacks, sweets, and frozen items," he added.

Aggarwal further said that the company's marketing approach is simple: it adapts to changing consumer trends.



As customers increasingly embrace digital channels, we will adjust our marketing efforts accordingly. Our strategy includes a wide range of marketing channels, including above-the-line (ATL), below-the-line (BTL), and digital platforms, ensuring a consistent presence across several touchpoints and securing a significant portion of the international frozen market, he added.

With its frozen products, Bikano has set its sights on several countries across the world, including the United States, Canada, Australia, New Zealand, and the Middle East. Bikano intends to cater to the different palates and preferences of people worldwide by expanding its reach to these regions.

First Published: May 25 2023 | 4:26 PM IST

RECENT NEWS

HSBC Swings The Axe At UK Wealth In An AI Push

HSBC is preparing deep job cuts across its UK wealth management arm. It plans to cut about half of its management and sp... Read more

Kraken's Owner Buys A Bank: The Lines Are Blurring

Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more