Financial Daily from THE HINDU group of publications
Monday, Jan 27, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate - Outlook


Glen India targets Rs 100-cr turnover in 3 years

Neha Kaushik

NEW DELHI, Jan. 26

HOPING to garner a share of the unorganised sector in the cooking appliances segment, Glen India Ltd is targeting a turnover of Rs 100 crore by the year 2006. To this end, the company is looking to focus on the mass market by launching more products in the segment.

"The organised market for cook-tops is currently about 10,000 units per month. This is expected to increase to 1.5 lakh units in the next one-and-a-half years," Mr Sunil Kapoor, Deputy General Manager, Glen India said. And hence, the company's ambitious targets.

Glen's new range of cook-tops are available from Rs 2,290 to over Rs 5,000. The company is also planning to increase its number of exclusive outlets and add 10 new `Planet Glens' this year. Says Mr Kapoor, "At present, we have eight exclusive outlets, all located in the Northern region. This year, our focus will continue to be on the region, as there are still several major towns/cities where we do not have a presence."

Meanwhile, to cater to this high-end of the market, the company is importing cook-tops from Italy and Germany.

Apart from cook-tops, Glen also has products such as chimneys and small appliances in its portfolio. However, for the time being, the company will focus on the cook-top and chimney market, as both the segments have been witnessing very high growth.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Essar set to resume work on Jamnagar refinery


Satyam Cineplexes to focus on South
Raasi Refractories board meet
The Park Hotels unveils new logo
Tricky task lies ahead of cos on impairment of assets
Auto sales teams shifting gears
Strict disclosure norms for companies in offing
`We'll weather the storm' — Mr K.S. David, Managing Director of Goodricke Group
Khivraj group draws up real estate plans
Glen India targets Rs 100-cr turnover in 3 years
Cos' interest expenditure falling: FICCI study
Idea-Apollo cardiac care launched


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line