Household appliances major Godrej & Boyce is aiming at garnering 25% of the refrigerator segment in volume terms in current fiscal, a company official today said.
"Last fiscal, we grew by 23 to 24% in volume terms. This year we are aiming at a growth rate of 25%," Jayesh Parekh, Assistant Vice-president (refrigerators and microwave), Godrej Appliances, told reporters here.
Currently, the refrigerator segment in the country is about 85,000 lakh units, Parekh said.
Godrej has two manufacturing units at Shirwal in Maharashtra and Mohali in Punjab.
The two plants had one million capacity each, Parekh said and added that this year the total capacity would be expanded by 1 million unit putting together both the plants.
