Godrej Interio to Generate Rs 2,500 Cr Revenue by FY 22-23 End
Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio furniture brand in home and institutional segments will generate Rs 2,500 crore in revenue by the end of FY 22-23. Earlier this year, the brand witnessed an integration of U&Us, an end-to-end home interior solution brand, and Script, premium furniture, and home accessories brand in its portfolio. In addition to this, Godrej Interio expanded its reach by launching 100 stores in FY23 to reach potential customers in the country. This year Godrej Interio revenue grew 20% compared to FY 21-22. By increasing its delivery points to over 100 cities currently, Godrej Interio is targeting to increase revenue generation by 30% in FY23-24. In order to provide more accessibility to clients over a wider territory, Godrej Interio will be expanding up to 100 outlets throughout India in Tier 1, 2, and 3 towns in FY23-24. Godrej Interio is leveraging digital tools and technologies to create more engaging experiences for its customers in order to improve the furniture buying experience. To enhance the consumer experience, Godrej Interio will also be experimenting the newer technologies and digital tools in smaller stores. Additionally, Godrej Interio plans to invest INR 150 Cr over the next one to two years in upgrading the best-in-class technology and machinery for manufacturing of all different types of furniture.
Tags : Godrej & Boyce flagship company Godrej Group Godrej Interio