Godrej Locking Solutions eyes 50% of revenue from other verticals in 3 yrs

The company is focusing on various categories such as architectural hardware and kitchen systems

Godrej Locking Solutions and Systems, which has a 45 per cent share in the organised locks market in the country, is expecting its non-locking solutions business to grow to almost 50 per cent of the total business in the next three years. 

The company is expecting Rs 10 billion in revenue by FY22, betting on the premium segment and focusing on various categories, especially architectural hardware and kitchen systems. Kitchen systems are expected to account for 20 per cent of the architectural hardware business by that time.      

"For kitchen systems alone, we are targeting a CAGR (compound annual growth rate)