Candytoy Corporate has partnered with Reliance Retail to supply confectionery toys to 1,400 stores. Candytoy Corporate (CTC) is a leading candy toy manufacturer based in Indore. A top official of the company has been given the responsibility of this partnership. In India, CTC manufactures promotional toys, candy toys, Barbie dolls, electronic toys, DIY toys, LED toys, musical toys, prank toys, sticky toys, and more.

Important partnership: CTC is a global manufacturer of promotional toys and confectionery items, operating through its five plants and 11 contract manufacturers, supplying to 40 countries across three continents. Founder Director Gaurav Mirchandani stated that Candytoy Corporate signed this agreement with Reliance Retail a few weeks ago.

In an interview with news agency PTI, Mirchandani said, "We have purchase orders for more than 15 stores currently operational, and by the end of Diwali, 200 outlets will be operational, with a target of 1,400 outlets operational by the end of this financial year."

How much Profit will there be?

When inquired about the projected profit, he mentioned that the current run rate from 200 Reliance Retail stores is Rs 2 crore per month, with an anticipated increase to Rs 4 to 4.5 crore by the end of the fiscal year. Candytoy Corporate, valued at approximately Rs 1,000 crore, supplies to retailers across 40 countries. In terms of revenue, Mirchandani stated that the expected closing for this fiscal year ranges between Rs 260 to 280 crore, with projections for the next fiscal year to be around Rs 400 to 450 crore.