Gemini Edibles & Fats India Ltd.

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About the Company

India’s edible oil consumption is estimated to be approximately 21 million MT for the OY 2020 (i.e., from November 2019 to October 2020) and is forecasted to grow to 25 million MT by OY 2025. The growth in edible oil consumption in India will primarily be driven by increasing per capita consumption and a growing population. India’s per capita consumption of edible oil is estimated to be 16 kgs to 17 kgs per annum versus the world average of 24 kgs per annum, which suggests significant opportunity for growth. In recent years, there has been a shift in consumption in India towards branded edible oils due to increasing health and hygiene consciousness, government policies, convenience and increasing purchasing power. The Indian edible oil retail market comprising of household consumers and hotels, restaurants, caterers (“HoReCa”) is expected to grow at a CAGR of 6% for the period from Fiscal 2020 to Fiscal 2025. Within this, the branded edible oil retail market is forecasted to grow more rapidly at a CAGR of 7%, gaining a share of close to 90% of the total market share in terms of value. Within the branded edible oil retail market, sunflower oil has been growing at a rate of a CAGR of 10% for the period from Fiscal 2015 to Fiscal 2020, and is expected to grow at a CAGR of 8% for the period from Fiscal 2020 to Fiscal 2025. Other commonly consumed edible oils such as palm oil, soyabean oil and mustard oil are forecasted to grow by 5%, 6% and 11%, respectively, for the same period. (Source: Technopak Report)