Tiles maker H&R Johnson (India) is expecting over 20 per cent growth in turnover this fiscal at about Rs 2,500 crore despite slowdown in real estate sector as it seeks to expand distribution network and add new products.
H&R Johnson, a division of Prism Cement, had posted a turnover of Rs 2,031 crore in 2013-14 financial year. It has nine manufacturing plants with annual production capacity of tiles at over 54 million square meter.
"Our main businesses are all growing by over 20 per cent so far this fiscal which are higher than the industry average. We expect this growth momentum to improve and continue further this fiscal," H&R Johnson (India) Chief Operating Officer (COO) Sushil Matey said.
The company is expecting growth on the back of its focused
distribution expansion, brand building efforts and introduction of new products, he added.
"Several innovative products are being introduced in tiles, bathrooms & kitchens to offer differentiated product offerings to our customers and drive growths for the company," Matey said.
The company would continue to make efforts to strengthen its brand. Last year, it had signed bollywood actor Katrina Kaif as its brand ambassador.
"A focused drive is under way to expand our distribution footprint across all our key businesses. Besides increase in our dealer network, this includes opening more of company owned 'House of Johnson' stores," Matey said.
H&R Johnson would be investing around Rs 25 crore this fiscal on expansion of distribution network and branding.
Mumbai-based firm has 28 company-owned stores all over the country. It has over 2,000 direct dealers selling tiles, faucets & sanware, kitchens and Marble&Quartz.
Prism Cement is leading integrated building materials company with a wide range of products from cement, ready-mixed concrete, tiles, and bath products to kitchens. It's consolidated sales turnover stood at Rs 5,458 crore last fiscal.
