Besides, the company, which acquired Indian brand Parryware in 2006, expects that exports from Indian unit would grow to new territories such as Australia, Europe and contribute up to 13 per cent of its global sales.
"Today, we (Roca India) contribute 8 per cent of the global turnover and definitely, India would be growing higher than other global markets. With 15-20 per cent CAGR in four years, we should double our revenue and... Would be 12-13 per cent of global turnover," K E Ranganathan, Roca Bathroom Products President (Sales and Marketing), told PTI.
Indian market is the third-highest contributor in Roca's global fold, followed by Spain and Brazil, at 1.7 billion euro.
The company has already started shipping its range of tap and fittings to Europe and other sanitaryware products to Australia and is expecting a huge order from the UK.
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According to him, "the most exciting opportunity for us would be to ship our products to Roca group worldwide. That we expect will catapult (us) to 20 per cent growth level. The Indian market would grow at 15 per cent. The additional growth would come from shipping goods to global markets".
"There would be two investments - one is investment in our existing factories and other buying smaller players... In plastics, we are always open to buy. We have two factories, but are looking for opportunities to acquire more because of the global demand of the Roca group," he added.
"In taps and faucets, we are also open to acquiring good brands and manufacturing facility as we need capacity for growth."
However, he did not offer details, saying the company has "substantial money available".
"We have launched Johnson Suisse, a Malaysian brand 3-4 months ago. You would definitely see 3-4 more brands hitting the market. Candor is also a possible brand. We are still evaluating other opportunities... Brand which is relevant. At an appropriate time, we would bring them," he added.
Currently, the top 10 cities contribute 55 per cent of Roca's revenue in India and the company expects the ratio of the rest of the country to go up slightly.
"Every year, we would open in two key metros. We have identified 10 cities where we would have these studios in 2-3 years," Ranganathan added.
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