Godrej Appliances' FY24 revenues likely at ₹6K cr
Financial Express Mumbai|March 11, 2024
GODREJ APPLIANCES ANTICIPATES its premium segment to increase sales turnover by as much as 20% in the upcoming fiscal year.

It will close the current fiscal at ₹6,000 crore in revenue a 19% year-onyear growth against industry growth of 8%-business head and executive vice president Kamal Nandi told FE.

"The mass segment still remains under pressure and I expect another couple of quarters before it starts coming or taking speed along with the premium segment," he said.

About 45% of the company's revenue at present is coming from the premium portfolio across categories, which it plans to expand to 55% in the next two years.

"With the rising disposable income and younger target groups entering the premium segment with easy access to finance, the segment will continue to grow," he added.

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