Business Idea: If you are looking for a business opportunity with high demand and good profit potential, consider starting a nutritious flour business. The demand for this product extends from urban areas to rural regions, making it a lucrative venture with a modest initial investment.
In today’s market, there is a significant demand for food products classified as supplements, and nutritious flour falls into this category. This business has relatively low chances of failure, as nutritious flour is known to boost immunity and help in lowering cholesterol levels.
How to Make Nutritious Flour
According to media reports, nutritious flour is typically prepared by blending certain ingredients with regular flour. To make it, wheat is first sprouted by soaking it in water for 12 hours, followed by allowing it to dry in the shade for another 12 hours. After this, the dried wheat is ground into flour.
To create the nutritious blend, you need to add specific ingredients to 700 grams of flour. This includes 50 grams of drumstick leaf powder, 50 grams of roasted sesame seed powder, 100 grams of pearl millet flour, 50 grams of fenugreek leaf powder, 25 grams of ashwagandha, and 25 grams of cinnamon powder.
Profit Margins
Nutritious flour can be sold at wholesale prices for approximately ₹50 per kilogram, while the retail price can reach around ₹60 per kilogram. The production cost is estimated to be around ₹30 to ₹35 per kilogram, with an additional ₹5 allocated for marketing expenses. This allows for a profit margin of nearly ₹10 per kilogram.
By starting with an investment of around ₹1 lakh, you can potentially earn profits ranging from ₹40,000 to ₹50,000. However, it’s essential to note that these figures can vary depending on factors such as production capacity, marketing strategies, and market conditions.
Certifications and Assistance
Before manufacturing nutritious flour, consider seeking assistance and certifications to ensure product quality and safety. Central Food Technological Research Institute in Mysore and the National Institute of Food Technology and Entrepreneurship Management in Kundli, Haryana, can provide guidance and support in formulating the product.
Additionally, you can register and obtain licenses from the Food Safety and Standards Authority of India and the Khadi and Village Industries Commission to ensure compliance with food safety regulations.
Starting a nutritious flour business can be a rewarding endeavor, given the growing demand for healthy food options. With the right approach, product quality, and market strategy, you can establish a successful venture in this thriving industry.