Godrej aims sales worth Rs 2,800 crore by fiscal-end

Godrej & Boyce Manufacturing plans to achieve its sales target of up to Rs 2,800 crore by the end of this fiscal and would go for capacity expansion after two years.
Godrej aims sales worth Rs 2,800 crore by fiscal-end

Godrej & Boyce Manufacturing is all geared up to achieve a sales target of up to Rs 2,800 crore by the end of this fiscal, and move towards expanding its reach after two years, says a PTI report.

"We targeted 35 per cent growth and are on course. Last year, we ended at about Rs 2,000 crore and this year we are expected to go around Rs 2,700-2,800 crore," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told PTI.

‘The company, which is aiming to be among the top three Indian consumer durables makers in next five years, is growing at almost 100 per cent in air-conditioner segment and in excess of 25 per cent in other categories such as refrigerators," he added further.

"In washing machine, we are also doing well and growing about 33 per cent. We have launched some new products in the segment. Our fully automatic model Glitz is well accepted by consumers. In washing machine, launches are doing very well," Nandi added.

Taking the government's 'Make in India' initiative forward, Godrej Appliances would increase share of localised production for its appliances. Presently, the company manufactures around 70 per cent of its products in India. Godrej Appliances, which has two manufacturing units at Pune and Mohali, is considering capacity enhancement after two years.

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