Halonix Technologies Pvt Ltd (Halonix), India’s fastest growing residential and institutional lighting company, has reported a 22% of Compound Annual Growth Rate (CAGR) markedly higher than the industry growth rate in single digits CAGR. The company is also expecting to close its books at around INR 520 crores turnover vis a vis INR 423 crores in 2018-19 and and INR 352 Crores in FY 2017-18.
Halonix has closed its H1 in FY 19-20 at Rs 234 crores vs Rs 178 Cr in H1 FY 2018-19, a growth of 32% which highlights the momentum at which the company is growing. The growth for the Halonix retail business, which has shown a year on year growth of 26%, has been buoyed by the wide range of innovative products it has launched under the sub-brand ‘Halonix Prime’ and through deeper market penetration.
After cementing its leadership in the ‘Inverter Light’ and ‘Motion Sensor Light’ segments, Halonix has recently launched its category redefining ‘All-Rounder series’ that has 3 wattages in one bulb and the ‘Speaker Bulb’ that allows you to play clear powerful music through the bulb without having to sign in through any app. Halonix Prime today contributes to about 30% of the retail revenues.