Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 05 2019

Lloyd to enter refrigerator market boosting its consumer durables portfolio

Presently, AC sales account for 70% of the total business Llyod generates for Havells India.

Lloyd to enter refrigerator market boosting its consumer durables portfolio

Consumer durable brand Lloyd, owned by Havells India, will be foraying into India's Rs 15,000 crore refrigerator market in the next 1-1.5 years. The company will be boosting its consumer durables portfolio by entering this market.

Havells is expecting its non-AC portfolio to grow and contribute around 50-60% of the revenue from the Lloyd business.

Anil Rai Gupta, Chairman and Managing Director, Havells India, said, "ACs are the strongest revenue contributors in our portfolio, but we expect the non-AC business to pick up as well. As a result, even as revenue will continue to increase, the contribution of non-AC business will go up. It will take another 1-1.5 years for us to launch refrigerators."

Presently, AC sales account for 70% of the total business Llyod generates for Havells India. It commands 3% of the total white goods market in India, pegged at around Rs 60,000 crore.

"We have been seeing a 20 per cent growth in the Lloyd business and expect to maintain a 15-20 per cent growth from this segment in the coming few years," Gupta further stated.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    The brand offers jaggery based tea, coffee and other bakery..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  •   A custom, just in time, light manufacturer of high-impact, wide-format,..
    Locations looking for expansion Colorado
    Establishment year 1996
    Franchising Launch Date 1998
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Colorado Colorado
  • Car Wash / Ceramic Coating / Detailing
    Our mission is to provide an array of innovative products..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Automobile Maintenance
    Decaabo started his journey 10 years back in automobile sector...
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities