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
  • Music Equipment & Music Stores
    About Us: Pebble was established in 2013 to offer the best..
    Locations looking for expansion Haryana
    Establishment year 2003
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Car Wash / Ceramic Coating / Detailing
    About Us: Auto Herb - a proven business opportunity in Car..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets 20-50
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Others Food Service
    About Us: Established in 1939, Nathu's held position as a consistent..
    Locations looking for expansion Delhi
    Establishment year 1986
    Franchising Launch Date 2002
    Investment size Rs. 50lac - 1 Cr.
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Automobile Maintanance Related
    About Us: ADDONN, A Smart Car Parking Solution offers a compelling..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities