Double Horse Aims for ₹500 Crore Turnover Next Year.

Double Horse, the flagship brand of Manjilas Food Tech Pvt Ltd, has set an ambitious target of achieving a ₹500 crore business turnover by the next financial year.

The announcement coincided with the launch of the company's latest product, a Gluten-Free 2-minute instant Rice Upma. The new product was unveiled by actor and brand ambassador Mamta Mohandas, alongside Vinod Manjila, the company's Chairman and Managing Director, at an event in Kochi.

Vinod Manjila highlighted the brand's strong position in the Kerala market, noting that Double Horse is a leader in branded payasam and pickle products. According to a survey by market research firm AC Nielsen, the company holds a 45% market share in branded payasam and a 30-35% share in pickles.

Double Horse has consistently maintained a double-digit compounded annual growth rate, a testament to its strong performance in the branded food products market, which is estimated to be worth $6.5 billion in India.