crompton greaves
Crompton Greaves Consumer Electricals Ltd. which is into consumer electrical products like fans, domestic pumps, water heaters and lighting, has announced its foray into the built-in kitchen appliances segment in India. The company's target is to become a key player in the ~2200 Cr. built-in kitchen appliances market in India.
This market is growing at ~10% per annum. While the organized market is made up of 7-8 players, the top 3 have ~45% of the market. Penetration of chimneys and the overall built-in categories is still low at 3-4%, offering ample room for growth.
Crompton Greaves consumer expects ~ Rs300- 400 cr revenue from built in kitchen appliance.
This market is growing at ~10% per annum. While the organized market is made up of 7-8 players, the top 3 have ~45% of the market. Penetration of chimneys and the overall built-in categories is still low at 3-4%, offering ample room for growth.
Crompton Greaves consumer expects ~ Rs300- 400 cr revenue from built in kitchen appliance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.