Godrej Interio eyes revenue growth of 25% to Rs 3000 crore in next fiscal

Topics Godrej Interio

Godrej Interio, the furniture brand of Godrej & Boyce, is eyeing a revenue growth of 25 per cent in the next financial year.

In the current fiscal, the division is expecting to clock a revenue of Rs 2,400 crore in home and office furniture combined.

"We are expecting a 25 per cent growth in the revenue of furniture (Godrej Interio) division next year from Rs 2400 crore this fiscal to Rs 3000 crore in the next financial year", COO of Godrej Interio Anil Mathur said.

He said the market for office furniture is growing across the country with more and more companies opting for creating social office space which supports health and well- being of its employees.

"The idea of social office is gaining currency because the current generation of millennials are more result-oriented in their approach and not process-oriented," he told reporters here.

In the office furniture segment, the company's estimated revenue would be Rs 1500 crore this fiscal, which is expected to go up to Rs 1800 crore in the next financial year.

The division has three manufacturing hubs at Mumbai, Pune and Haridwar, with the central warehouse located at Mumbai.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel