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Retail India News: Candytoy Corporate Expands Presence Through Reliance Retail Partnership

Candytoy Corporate, a leading candy toy manufacturer, has partnered with Reliance Retail to supply confectionery toys across the retailer's 1,400 stores. YesThe agreement with Reliance Retail was finalized a few months ago, said Auro Mirchandani, founder director of the Indore-based company.

“We currently have a purchase order for over 15 outlets, which is live, and 200 outlets will be live by the end of Diwali, and 1,400 outlets will be live by the end of this fiscal.Mirchandani said.

Regarding the order size, he mentioned that the company expects to get a run rate of Rs 2 crore per month from Reliance Retail's 200 stores, with the figure reaching Rs 4-4.5 crore per month by the end of the financial year. There is a possibility of The year

“We have more than 75 SKUs in the candy sweets and savory flavors category, which we are supplying to Reliance Retail.” he added.

With a valuation of around Rs 1,000 crore, Candytoy Corporate (CTC) supplies products to other retailers worldwide, reaching 40 countries. The company is also planning to divest around 10 percent of its equity to support future expansion and is considering an IPO in the next 2-3 years.

CTC is a global player in the manufacturing of promotional toys and confectionery items with five manufacturing plants and 11 contract manufacturers, serving 40 countries across three continents.

When asked about the company's revenue, Mirchandani said, “We expect this fiscal to close between Rs 260-280 crore. Next fiscal, we expect to close at Rs 400 crore to Rs 450 crore.

CTC produces candy toys for several well-known companies, including Colgate Palmolive, Puma, MTR, Bournvita, Yellow Diamond, Vistara Airlines, and AirAsia, among others.

“We already have purchase orders, so to implement those orders, we need some time to inaugurate new molds, new facilities and things like that. So the result is expected in the next financial year. will come.” Mirchandini explained.

According to Mirchandani, this fiscal year, CTC expects to earn around Rs 120 crore from export markets and Rs 200 crore from domestic operations, which include B2C sales and channel partnerships.

When asked about raising funds, he said:We are already in talks with some big investors.

Regarding the IPO, Mirchandani mentioned, “In the next two years, after the end of the financial year 2026-27, we will explore the possibility of going public.

CTC's Indian manufacturing operations manufacture a variety of toys, including promotional toys, candy toys, barbie dolls, electronic toys, DIY toys, LED toys, musical toys, fun toys, and sticky toys.

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