Godrej Interio Eyes 30% Mkt Share In TG By 2027

Hyderabad: Godrej Interio, a home and furnishing brand, on Friday announced its plan to strengthen retail presence and increase market share in the organised home furniture sector in South India. The company has set a target to garner 30 per cent market share in the home furniture sector by FY27 and 20 per cent growth in sales in kitchen business by FY25, in Telangana. To cater to the flourishing real estate market in Hyderabad and achieve its growth, the brand will be opening 25 new showrooms and 150 retail outlets in the State over the next three years. At present, Godrej Interio has 14 showrooms, 55 dealers, 25 retailers in Telangana and 1,015 showrooms across over 600 cities serving 17,100 pincodes in India.

Speaking to media, Dev Sarkar, senior vice president and Head – Consumer Business, Godrej Interio, said: “With the upcoming festive season, we look forward to increase sales from South India. The total size of this sector is Rs 140,000 crore, of which the organised home furniture market in India is Rs 8,000 crore. Godrej Interio reported Rs 3,200 crore turnover in the last fiscal, and an additional Rs 500 crore turnover from exports.