Octaga Green aims for ₹700 crore revenue in FY25, plans global expansion.

Indian-made foreign liquor (IMFL) company Octaga Green has set an ambitious revenue target of ₹650-700 crore for FY25, marking a significant leap from its ₹120 crore revenue in FY24. The company anticipates a turnover of ₹211 crore in the upcoming fiscal year, driven by strategic expansion and enhanced production capacity to meet rising market demand.

Basab Paul, CEO and Managing Director of Octaga Green, stated, “This growth aligns with our plans to scale operations, expand distribution, and improve product availability, positioning us on track to achieve the ₹1,000 crore milestone in the near future.”

Octaga Green currently operates in 18 Indian states, including Jammu & Kashmir, Haryana, Delhi, Gujarat, Maharashtra, and Tamil Nadu, with a strong presence in the Canteen Stores Department (CSD) and Ministry of Defense. The company aims to expand into states like Odisha, Assam, Uttar Pradesh, and Meghalaya, alongside increasing its off-trade presence in Andhra Pradesh, Telangana, Kerala, and West Bengal.

Internationally, Octaga Green exports to markets like Dubai and London, with plans to extend its reach to the African subcontinent, Europe, and the USA.

The company’s manufacturing facility in Kolhapur, Maharashtra, currently has a production capacity of 60,000 liters per day, capable of producing up to 3,000 cases of bottled IMFL daily. Octaga Green plans to expand the facility to achieve an 80% production capacity and eventually increase its output to two lakh liters per day. In addition to its IMFL production, the company is exploring the production of aviation and automobile fuel to promote sustainability.

Octaga Green’s product portfolio includes popular IMFL brands such as Bom Bay Blanche Gin, WSC Master’s Imperial Scotch Whisky, Captain’s Select Malt Whisky, and Grenade XXX Rum.

HBL