HSIL is looking to double its revenue to Rs 2,000 crore from its building product division in the next five years. The company is eyeing the same on expectation of increase in demand of premium products and consumption growth from tier 2 and 3 markets in coming years.
The company, which is running 125 showcase stores, is also looking at a three-fold increase in the number over the next 2-3 years. The building products industry is growing around 8 to 10 percent, while HSIL is growing between 14 to 15 percent annually.
HSIL is one of the leading domestic players in container glass and building products segments. Under the second segment, the company manufactures and trades in sanitaryware products, faucets and wellness products. It has five manufacturing facilities in India, of which three are located in Andhra Pradesh, one in Rajasthan and one in Haryana.