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Somany Home Innovation looking at up to 35% growth in business in current fiscal

14 Sep 2020 Evaluate

Somany Home Innovation (SHIL) is looking at up to 35 per cent growth in business this fiscal on account of growing interest of people for home improvement products. SHIL, which operates under segments such as consumer appliances, home retail solutions and furniture and kitchen fittings business, had reported a revenue of Rs 451.44 crore in FY 2019-20.

Somany Home Innovation (SHIL) is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.

Peers
Company Name CMP
Redington 354.30
Adani Enterprises 2716.05
Amrapali Industries 32.21
Maxgrow India 174.80
Rashi Peripheral 693.00
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