HSIL Ltd., a listed company known best for its Hindware brand sanitaryware, is aiming for a manifold increase in its consumer products division to touch a turnover of INR 1,000 crore in five years from INR 150 crore now. It is also planning an entry into the manufacture of PVC pipes for non-industrial use.
HSIL’s consumer business, among the three it operates in, has been doubling annually for a few years now.
There are seven categories in which HSIL runs this business and it is gaining in market share in many segments, said HSIL Vice Chairman and MD, Sandip Somany.
The other two segments were the building products division including sanitaryware and home decor products; and the packaging products division under Assocaited Glass Industries and Garden Polymers.
(Source: www.thehindu.com)
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