Amway India Reports 7% Growth

 

Direct-selling company Amway India Enterprises Pvt Ltd has reported a turnover of Rs 2,288 crore for the fiscal year 2012-13, a Company Official said today.

The Company registered over seven per cent growth during the last financial year, said Amway India Vice President (East), Diptarag Bhattacharjee while addressing a Press Conference here.

Health and beauty categories together contributed more than 60 per cent of Amway India’s revenues, he added.

Speaking on the company’s performance in the Northeast, Bhattacharjee said, “The growth rate of the region is at par with the consumer products industry growth in India despite a slowdown in the sector.”

He said Nagaland, which is one of the high growth potential states in the Northeast for Amway, has maintained the growth momentum through the initial part of the 2012-13 financial year.

Amway’s business has been flourishing in Nagaland with its turnover for the fiscal 2012-13 touching Rs nine crore, Bhattacharjee added.

He said with the two pick-up offices set up in Nagaland since 2009 at Dimapur and Kohima, there are about 4,000 Amway distributors in the State. The Company is also contemplating to open its third office in Mokokchung District, he added.

Source: The Hindiu Business Line