Godrej Appliances expects nearly 30 per cent growth in its turnover to touch Rs3,600 crore in FY 2015-16 on the back of air conditioning and refrigerator segments. In order to boost sales momentum, the company has planned over 60 launches across categories this year, with about half in the refrigerator segment, almost an equal number in the air conditioning and washing machine segments.
"In the first nine months of this fiscal, Godrej Appliances has grown over 43 per cent against the average industry growth of around 30 per cent. We are expected to end near Rs2,800 crore this fiscal. In FY2015-16, we are targeting again up to 30 per cent growth and will reach over Rs3,600 crore," Godrej Appliances Business Head and Executive Vice President Kamal Nandi told new agency.