₹67,500 crore. Of this, the branded spice market was estimated to be at ₹24,000 crore, according to a 2021 report by Avendus Capital.
Several large brands such as Everest, MDH, Baadshah, Sakhti Masala, Suruchi, Catch, Goldiee, etc. operate in the market.
“In the event that restrictions are imposed on these brands, heavy stocking could result in dead investment, and retailers may be left with damaged stock. We advise you to proceed cautiously and restrain yourself from stocking up on these products to a limited extent, until clearance is received from the necessary authorities," Patil said.Milestone Alert!
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