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Candytoy Corporate Enters Partnership with Reliance Retail to Supply Confectionery Toys

Oct 26, 2024•over 1 year ago

Contract Type

partnership

IndoreManufacturing

Description

Candytoy Corporate has entered into a partnership with Reliance Retail to supply confectionery toys across 1,400 of the retailer’s stores. The company expects to achieve a run rate of Rs two crore per month from Reliance Retail's 200 stores, with this figure projected to scale to Rs 4 to 4.5 crore per month by the end of the fiscal year. The valued partnership aims to expand Candytoy Corporate's presence in the Indian market.

Company Information

Company

Candytoy Corporate Pvt Ltd

Location

Indore, Madhya Pradesh, India

About

CTC is India's leading manufacturing company of promotional toys and confectionery items. It is into plastic injection technology for the food packaging industry. Candytoy Corporate was incorporated in Indore (India) in 2019. Currently it produces plastic promotional toys and confectionery items under the brand name SM Toys.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months