December 13, 2024 15:41 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess | Devendra Fadnavis meets PM Modi amid suspense over Maharashtra portfolio allocation

Godrej Interio to set up 100 showrooms with over Rs 50 cr investment in next one year

| @indiablooms | Aug 26, 2023, at 02:16 am

Hyderabad/UNI: Godrej and Boyce, the flagship company of the Godrej Group, on Friday, announced that its furniture brand Godrej Interio will set up 100 own showrooms with an investment of more than Rs 50 crore across the country in the course of next one year.

"We are planning to set up 25 more showrooms in Andhra Pradesh and Telangana in the next six months in addition to the existing 40 showrooms, to expand our market share from 26 percent to 30 percent by FY26," said Dev Sarkar, Senior Vice president ( B2C), Godrej Interio, in a press conference here.

Emphasizing the importance of the southern market, he said the company is focusing on omnichannel presence.

At present, the brand has over 55 channel partners and has opened 25 multi-brand outlets in this financial year in Telangana, and cumulatively, 200 plus channel partners across South India.

"We are committed to strengthening our footprint across Telangana in this fiscal," Dev said, adding that the company aims to generate revenue of around Rs 350 crore from southern India by FY26.

"Looking ahead, our ambitious goal for the next fiscal year involves a substantial growth of over 25 percent across all product categories, underscoring our dedication to innovation and customer satisfaction," he said.

Aligning with the upcoming festive celebrations, Godrej Interio is offering assured discounts of up to 30 percent and a chance to win free furniture via scratch card from September 15 to November 15 and these two months, it will contribute 35 percent to the total sales of the company, he added.

Godrej Interio has seven manufacturing facilities situated in Mumbai, Khalapur, Haridwar, Shirwal, and Bhagwanpur, he said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.