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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; 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IT stocks bleed as broader market rallies India's Jio-BP does not plan to raise fuel prices, CEO says Nykaa opens luxury Charlotte Tilbury flagship boutique in India Om Power Transmission IPO subscribed 46% on day 2 morning Crude surge, geopolitical tensions weigh on IT; financials, paints outperform RBI moots delay and kill switch feature to combat rising online frauds Reliance caps fuel sales at $11 per pump amid growing shortages Sanjay Khanna appointed BPCL CMD Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Eli Lilly’s Mounjaro loses ground to less-expensive semaglutide generics & innovator Novo Nordisk’s products Freshworks appoints Kuntal Vahalia Senior Vice President, Partnership Channel HRS Aluglaze bags ₹27-crore order Capri Global Capital to raise ₹500 crore through debenture issue Brand Concepts bets on premium push with Off-White entry, eyes metro expansion Skoda VW eyes 5% india market share; Taigun facelift unveiled Systematix Private Wealth aims ₹40,000-crore AUM in five years Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; 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Godrej’s Interio eyes 25% revenue growth in FY27
2026-05-06 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Dev Narayan Sarkar, Senior Vice President and Head of Consumer Business, Interio by Godrej, at a press conference in Chennai on Wednesday.

Dev Narayan Sarkar, Senior Vice President and Head of Consumer Business, Interio by Godrej, at a press conference in Chennai on Wednesday. | Photo Credit: BIJOY GHOSH

Interio by Godrej, the furniture brand from Godrej Enterprises, is aiming to grow its revenues by 25 per cent in the current financial year ending March 2027, as part of its broader goal to reach ₹10,000 crore in topline by 2029.

The company closed FY26 with revenues of ₹4,000 crore, which was a similar 25 per cent increase from the preceding fiscal. Its topline mix included about 55 per cent from its institutional business where it designs and builds interiors for workspaces while the remaining 45 per cent came from furniture sales to retail consumers.

Speaking at a press conference here on Wednesday, Dev Narayan Sarkar, Senior Vice President and Head of Consumer Business (B2C), said that there remains significant headroom for growth for an organised player like Interio in the furniture market.

“India’s furniture market is estimated at about ₹1.5 lakh crore out of which only about ₹8,000 crore is under the organised segment. The market has huge potential. People are increasingly spending more time in their homes. The requirement of great furniture is important and growing,” he said.

On the production side, he added that the company will, over the course of the year, dynamically invest to scale both capacity and footprint. The company currently operates seven units in India with a dedicated unit for exports in Tambaram near Chennai.

Alongside, it also operates three international units catering to export markets. Interio’s export business contributes roughly ₹400 crore to the topline with Southeast Asia, Australia, New Zealand, Canada, and West Asia being the key markets.

As for the distribution, Sarkar added that the brand has increased its online presence in recent years both through its own website and online marketplaces. Online accounts for roughly 11 per cent of overall sales while the remaining comes from offline physical stores.

“We have 1,015 showrooms across India which contribute to about 70 per cent of our offline retail value. The rest 30 per cent comes from our distributor network of 3,700 retailers,” he said.

On the Tamil Nadu market, Sarkar said that Interio is expecting revenues of ₹65 crore from the state in FY27 with over 70 per cent of it coming from Chennai. It operates 45 stores in the state along with 250 retail partners.

On the Iran-US war, he said that the impact on production has been minimal though there has been a slight increase in the input costs due to a 10 per cent rise in the prices of Polyethylene (PE) resin.

Published on May 6, 2026