Surya Roshni is targeting a double-digit growth in FY24 from its lighting and consumer durable business as the company is adding new products to the category as well as expanding its distribution network. The company, known for lighting products, has introduced several new products into the kitchen appliance categories.
To increase the visibility of its products ranging from fans, kitchen appliances, lights and heating appliances, Surya Roshni also has plans to have a dedicated place in the larger stores in a shop-in-shop format.
For the financial year ended on March 31, 2023, Lighting and Consumer Durables Segment revenue was at Rs 1,545 crore. Surya Roshni's overall revenue in FY23 including its steel pipe and Strips Segment was at Rs 7,997 crore.
Surya Roshni is into the business of manufacturing electric resistance welded (ERW) steel pipes & lighting products, with facilities at Bahadurgarh (Haryana), Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh).
