Pritika Group Aims for ₹950 Crore Sales with Robust Order Book

Pritika Group, a leading manufacturer of engineering and automotive components, has set an ambitious target to achieve ₹950 crore in sales over the next three years. This growth plan is underpinned by a strong order book valued at ₹650 crore, reflecting the increasing demand in the engineering and automotive sectors. The company’s strategic focus on expanding its market presence and capitalizing on sector growth is expected to drive this significant revenue increase.

Harpreet S. Nibber, Managing Director of Pritika Engineering Components Ltd., shared the company’s optimistic outlook, stating that they anticipate reaching sales figures between ₹900 crore and ₹950 crore within the next three years. Alongside this revenue growth, Pritika Group is aiming for a profit after tax (PAT) margin of 7-10%, indicating a balanced approach to profitability while pursuing aggressive expansion.

The company’s confidence in achieving these targets is bolstered by a strong financial performance in the 2023-24 fiscal year and a promising start to FY25. Nibber highlighted that the April-June quarter of FY25 has set a positive tone, providing a solid foundation for the company’s growth aspirations. This momentum is expected to continue as the company leverages its robust order book and the growing demand in its key markets.

Pritika Group’s growth strategy is focused on expanding its capabilities and market reach, particularly in the engineering and automotive sectors, where demand for its components is rising. By aligning its production and supply chain strategies with market needs, the company aims to meet the increasing demand and maintain a competitive edge in the industry.

In summary, Pritika Group’s ambitious target of ₹950 crore in sales over the next three years, supported by a ₹650 crore order book, reflects its strong market position and growth potential. With a clear focus on profitability and expansion, the company is well-positioned to capitalize on the increasing demand in the engineering and automotive sectors.

News by Rahul Yelligetti