Havells is reportedly planning to achieve 29% growth in lighting business to reach a top-line of Rs 1,400 crore next year. Channel extensions, new product launches and general growth in the lighting category will help the company to the said target.
Having invested in a plant with a capital outlay of Rs 100 crore for making LED lights and fixtures, it wants to compete with market leader Philips in the Rs 9,000 crore LED segment and is eyeing a leadership position.
Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.