After a good run for five years, Baba Ramdev's Patanjali Ayurved has hit a speed bump in FY18. The company's growth has slowed down considerably due to demonetisation and Goods and Services Tax (GST).
According to a senior Patanjali official, the revenue growth for FY18 was at the same level or slightly higher than that of FY17.
"However, Patanjali seems to be confident of making up for the lost ground in terms of growth and new avenues in FY19," the official added.
The company is looking at focusing on significant categories that will drive growth.
Patanjali is also looking to foray into milk products, mineral water, apparels, diapers, and sanitary napkins in FY19.