Godrej Appliances expects 50% jump in AC demand

AFTER AN EXCEPTIONAL 100% growth in air conditioner (AC) sales last year, Godrej Appliances, part of the Godrej Enterprises Group, anticipates a robust 50% year-on-year rise in demand this summer season.

- RAGHAV AGGARWAL

Kamal Nandi, business head and EVP at Godrej Appliances, told FE: "We are now a billion-dollar company, with ACs contributing nearly 48-49% of our total revenue."

Nandi also projected a significant market share increase. "We closed FY24 with a 6.5% market share, and we expect to end FY25 at around 10%. By FY26, we aim to reach 12-13%, positioning us among the top three players in the market," he noted.