Saint-Gobain India Sees 10% Growth, Invests Rs 8,000 Crore in Expansion

28 Aug 2023 , 02:37 PM

Saint-Gobain India, a subsidiary of French glassmaker, foresees 10% growth in volume and mix due to rising demand in the Indian market. The CEO of Asia Pacific and India region, Santhanam, highlights strong performance across sectors like building, construction, and industrial solutions. Expected annualized revenue of approximately Rs 13,200 crore for the year, with an estimated 8-10% growth from FY23 to FY24.

India ranks as the third most profitable country within the global Saint-Gobain business. Focus on capacity expansion investments with a planned 4-5 year cycle investment of about Rs 8,000 crore, primarily in capital expenditures. Internal accruals financing the investments; the company is debt-free and well-funded for growth.

Saint-Gobain India offers solutions for facades, partitions, ceilings, ceramics for infrastructure, and glazing solutions for mobility. Anticipating potential long-term growth at twice the GDP growth rate, driven by strong demand for residential, commercial, and industrial solutions.

The trend of premiumization observed in various categories, including homes and commercial spaces. Government’s infrastructure focus boosts demand for construction chemicals, emphasizing sustainable solutions and reduced carbon footprint.

Exports of advanced products to ASEAN, North Asia, Middle East, and Australia-New Zealand contribute to steady growth of 15%. Potential for increased exports if asymmetry in glass duties with select ASEAN countries is addressed.

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