Havells eyes 10% growth in UP in FY16, Rs 1,000 cr revenue next yr

Company to expand its channel network from 550 to over 1,000 in the next couple of years in the state

Electrical goods company Havells India is targetting 10 per cent growth in the current fiscal in Uttar Pradesh, which contributes nearly 13 percent to its overall revenues.

Havells is also targetting Rs 1,000 crore in revenues from UP during 2016-17 financial year.

"UP is an important market, which has shown tremendous growth opportunities for long term growth. We will expand our network and add more Havells Galaxy showroom in the state during the next 2-3 years," Havells associate director Rakesh Mehrotra said today.

The company intends to expand its channel network from 550 to over 1,000 in the next couple of years in UP. Meanwhile, Havells unveiled its new range of products.