Saint-Gobain India Sees 10% Growth, Invests In Expansion
An increase in demand in the Indian market would lead to a 10% growth in volume and mix, according to Saint-Gobain India, a subsidiary of a French glassmaker. Santhanam, the CEO of the Asia Pacific and India region, highlighted excellent growth in industries like construction, building, and industrial solutions. Approximately Rs 13,200 crore in yearly revenue is anticipated for the year, with a predicted 8–10% increase from FY23 to FY24.
Within the global Saint-Gobain company, India is the third most lucrative nation. With a planned 4–5-year cycle investment of around Rs 8,000 crore, mostly in capital expenditures, concentrate on investments in capacity expansion. Investments are financed by internal accruals; the business is debt-free and well-funded for expansion.
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