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Business EconomyPosted at: Nov 18 2021 1:03PM


Saint Gobain launches innovative home solutions under MyHome range, targets Rs 1,000 cr revenue in 3-5 yrs, to invest Rs 2,500 cr in India

Chennai, Nov 18 (UNI) Saint-Gobain today launched its range of innovative
home solutions under the MyHome range and has set a target of Rs 1,000
crore revenue from this business in the next three to five years, while investing
Rs 2,500 crore in India between 2022-23 fiscal.
These are end-to-end solutions for homes from design ideas to customised
manufacturing to installation and after-sales service.
Through the all new concept of "MyHome', Saint-Gobain, a worldwide leader
in sustainable building materials, is offering solutions to customers for products,
including Windows, Shower Cubicles, Ceilings, Kitchen and Wardrobe Shutters,
Roofing Products, and Mirrors.
As part of the MyHome launch, Saint-Gobain unveiled its UPvC Windows collection,
followed by the Shower Cubicles. The products are manufactured at the company's
highly automated and digitalized manufacturing plant developed with an investment
of more than Rs 100 crore.

Company Exeuctive Director Hemant Khurana said “the home segment offers a
significant opportunity for Saint-Gobain in India. With a market size of more than
USD 25 billion and growing at CAGR of 8-10 per cent, the segment is poised to
grow even faster given the massive urbanization that is yet to happen."
"We are only 32 per cent urbanised in India compared to 62 per cent in China.
People need a home before anything else and the pandemic has further accelerated
the need to own a home. People are buying larger homes and spending more on
their homes.", he said, according to a release.
"We are intensifying our efforts to grow our home solutions portfolio and also take
these solutions to homeowners’ doorsteps through a large field force. We are also
opening 50-plus MyHome stores by the end of 2021 in the country in Tier I, Tier-II
and Tier-III cities to provide an excellent touch-and-feel experience.", he said.
The company has set a target of generating up to Rs 1,000 crore revenue from
the home solutions business in the next 3 to 5 years. "Towards this, we are heavily
investing in building our consumer touch points and opening MyHome stores. We
have already opened stores in Kochi, Mumbai and Chennai", he said.
Saint-Gobain will be investing more than Rs 2,500 crore in India between 2022-23
fiscal in the home and construction space.
UNI GV 1300
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Tags: #Saint Gobain launches innovative home solutions under MyHome range# targets Rs 1#000 cr revenue in 3-5 yrs# to invest Rs 2#500 cr in India
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