Hotline: 1800 102 2007
Hotline: 1800 102 2007
Sep, 23 2015

Godrej appliances to open 200 outlets by 2018

Consumer appliances company Godrej Appliances will be opening 50 exclusive brand outlets (EBO) in the country this year and another 150 such stores in the next three years.

Godrej appliances to open 200 outlets by 2018

Consumer appliances company Godrej Appliances on Tuesday said it will be opening 50 exclusive brand outlets (EBO) in the country this year and another 150 such stores in the next three years.

"We have build our premium range of products which will be showcased in these showrooms. These EBOs will be based on the franchisee model and will be opened at tier II and III cities primarily," the company's business head and executive vice president Kamal Nandi told media persons. 

These EBOs, according to Nandi, will help boost sales of premium products in upcountry as well as metro locations. The company has classified goods valued above Rs.15,000 as premium products. Apart from these stores, the firm will also increase its presence in multi-brand outlets from the existing 25,000 pan-India to 28,000 in the ongoing fiscal year.

With these moves in place, the firm has targeted to increase its revenue by just over 18 percent at Rs.3,250 crore in the ongoing financial year in comparison to the 2013-14 period when its revenue stood at Rs.2,750 crore."During April-June, this year, the earnings stood at Rs. 1,100 crore," the official said. 

Asked over the company's allotted capital expenditure (capex) during 2015-16, Nandi said,"We have allotted five percent of our topline on capex. Off this allotment, the majority will be spent on product development." A majority of the company's last year's capex was spent on ramping up its infrastructure. It also has plans to step up the capacity in its Mohali plant in Punjab to produce an additional eight lakh compressors and an additional six lakh units of washing machine every year.

"With these, we'll be producing three million compressors and one million washing machines from the Mohali plant. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fine Dine Restaurants
    About Us: We are an authentic pan Asian restaurant having the..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    Format Investment Brand Fee Space Staff Exp. Monthly Sales Pro..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: Line – A box of truly, madly, deeply amazing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Department & Convenience Stores
    Launched in 2018, Shri Chyawan Ayurveda Health Care Pvt. Ltd...
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities