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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Godrej Enterprises Group eyes 50 pc growth in AC sales in FY26
Godrej Enterprises Group expects sales of its air conditioners to grow 50 per cent in the next fiscal on the back of continued robust demand and its new range of products, including smart ACs, a top company official said on Tuesday. With the early onset of summer, the group expects the overall industry demand for ACs to be strong at around 30-35 per cent growth but not as high as 60 per cent witnessed last year due to a high base, Godrej Enterprises Group, Business Head & EVP, Appliances Business Kamal Nandi told PTI here.
The group on Tuesday ramped up its AC portfolio, including a premium range of smart ACs and also announced its foray into the commercial AC segment with Cassette ACs and Tower ACs.
«We will be ending this year (FY25), doubling our volumes. We will be closing this year with about 10 per cent market share. This is up from 6.7 lakh to 14 lakh units. We are growing more than 100 per cent against industry growth that will be roughly about 36 per cent,» Nandi said when asked about the group's growth prospects.
On the forecast for FY26, he said, «The confidence that we have with the portfolio that we have already built, and the campaign that we have built and the entire premium portfolio on smart air conditioners that we are launching today, it is very clear that we can expect another 50 per cent growth for next year, against industry growth of 30 per cent.»
He further said, «We should grow by 50 per cent (in FY26) that's what we are targeting now.»
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Godrej is focussing on its smart AC
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