The company is planning a second lighting plant near Delhi-NCR at a cost of Rs 150 crore to scale up the business
Bathroom fitting major Jaquar has forayed into lighting business and is eyeing a turnover of Rs 1,000 crore in the next 2-3 years. In FY 2017 sales from lighting was just Rs 100 but this fiscal the company is confident of achieving a turnover of Rs 250 crore. The company is planning a second lighting plant near Delhi-NCR at a cost of Rs 150 crore to scale up the business. The capex for FY’18 is about Rs 300 crore to expand lighting and bathroom fitting plants.
Jaquar brand is a leading revenue earner for the company with 80 per cent sales coming in from the brand while luxury brand Artize and entry and value brand Essco also are getting healthy response. The company is now trying to make its presence felt in global arena. The company has started exporting Artize and Jaquar. In the domestic market it is leading brand in bathroom fittings. Jaquar has five plants in India of which four are for bathroom fittings and one for lighting in Manesar in Haryana.