Tuesday, September 30, 2014: Havells India, the leading electrical goods maker, is expecting that their revenue generation in the lighting segment will get around 45 per cent contribution from LED products. This expectation is set to be met by the end of this fiscal year. Havells India president Sunil Sikka expressed his expectations while talking to PTI.
Sikka said, Havells has Rs 8,000 million lighting vertical, and the company is willing to reach 40-45 per cent of revenues through the LED segment by March 2015. The company is also expected to grow by 20 per cent through a year-on-year (YOY) growth in the coming years. During the last fiscal year (2013-14), the company had a revenue of Rs 47,197 million and as per Sikka, in last three to five years, the lighting industry has been undergoing a huge change overall. LED is the most dominating source of lighting these days.
The company has defined plans to comply with the increasing demand for LED lighting segment. They will expand their manufacturing unit in Neemrana, Rajasthan, as it is one the most important sources for Indian as well as abroad business. Sikka didn’t reveal anything further about their investment plans in the expansion strategy, and he added that the figures will be decided next year. But he has confirmed that the unit’s capacity will be doubled as the machinery is set to be developed on a huge scale.
Havells enjoys a strong export base and it has its business in the US and Europe markets too. Last year Havells’ export amount was worth Rs 4,000 million. Sikka explained, out of this Rs 4,000 million amount, Rs 800 million has been contributed by the lighting segment, divided as – 40 per cent by LED and rest 60 per cent by “fluoroscent fixture fittings”. Now the share of the LED segment is set to increase in coming days. The company is already sourcing chip sets for LED lights from across the globe, like US based CREE and Japan based Nichia Corporation.
