Godrej Interio, a household name in Indian furniture, is embarking on a major expansion drive in the upcoming fiscal year (FY25). The company aims to significantly strengthen its retail footprint by opening a staggering 104 new stores across the country. This aggressive growth strategy is coupled with a target of adding over two lakh square feet of retail space, creating a more immersive shopping experience for customers.
This strategic move highlights Godrej Interio’s confidence in the burgeoning Indian furniture market. The company’s expansion plan goes beyond just adding stores; it aims to reach a wider customer base by strategically selecting locations across diverse regions. These new stores are likely to showcase a comprehensive range of furniture solutions for homes and offices, catering to the evolving needs and preferences of Indian consumers.
This growth initiative comes on the heels of Godrej Interio projecting a robust 20% sales increase for the current fiscal year. Moreover, the company has set an ambitious target of surpassing 1,000 stores by August 2024. By aggressively expanding its retail presence and product offerings, Godrej Interio is well-positioned to solidify its leadership role in India’s ever-evolving furniture retail landscape. The company’s strategy not only caters to rising consumer demand but also strengthens its brand recognition, making it a one-stop shop for all things furniture.
