Narayan Foods awarded title "The Fastest-Growing Food Company in Slovenia"
Narayan Foods, a leading producer of organic vegan products and one of the largest coconut oil manufacturers in Europe, has been recognized as the fastest-growing food company in Slovenia. This recognition comes from a detailed analysis published last July by the financial newspaper Finance, highlighting Narayan's remarkable growth trajectory.
Exceptional Growth and Market Leadership
Based in Velika Vas near Krško, Narayan Foods has seen its revenue soar by 48% in 2020, the highest growth among all companies analyzed and featured on the Finance Top 30 list of best-performing food companies in Slovenia. This list assesses companies based on three key metrics: return on assets, EBIT profit margin, and value added per employee.
Consistent Expansion and Financial Success
Founded in 2014, Narayan Foods recorded a revenue of €10.7 million in 2020, nearly a 50% increase compared to 2019. Although the growth rate in 2020 was lower than in 2019, when the company more than doubled its revenue in a single year, 2021 marked yet another year of consecutive growth—the fifth in a row. “Our revenue in 2021 saw a significant 70% increase. More notably, our free cash flow grew even more. Potential investors and financiers are pleasantly surprised that we achieve such growth without external investment,” stated Mario Brumat, owner and general manager of Narayan Foods, which operates as a family business.
Diverse Product Portfolio and Global Reach
Narayan Foods' impressive revenue growth is driven by a wide range of high-quality coconut-based products, including oil, syrups, and sugars, as well as healthy ready-made meals like risottos, superfoods, seeds, and plant-based meat alternatives. The company exports 95% of its production, with its products available in over 75,000 stores across 30 markets in Europe and the United States.
Commitment to Quality and Sustainability
Narayan Foods’ success story is a testament to the company’s commitment to producing high-quality, sustainable products that meet the growing demand for organic and vegan foods. The company’s strategic focus on expanding its product range and maintaining strong relationships with retailers worldwide has positioned it as a leader in the industry.
