Monday, Aug 03, 2020 | Last Update : 05:27 PM IST

132nd Day Of Lockdown

Maharashtra44122827680915576 Tamil Nadu2576131964834132 Andhra Pradesh158764828861474 Delhi1376771233174004 Karnataka134819577252496 Uttar Pradesh92921533571730 West Bengal75516527301678 Telangana6766048609551 Gujarat63675466892482 Bihar5727036637322 Rajasthan4441031216706 Assam4290532385105 Haryana3651929690433 Odisha3491321955236 Madhya Pradesh3353523550886 Kerala259121446383 Jammu and Kashmir2141613127396 Punjab1785311466423 Jharkhand121884513115 Chhatisgarh9608699158 Uttarakhand7593443786 Goa6530466853 Tripura5248346323 Puducherry3806230952 Manipur283117377 Himachal Pradesh2654150813 Arunachal Pradesh19359693 Nagaland19356484 Chandigarh111769819 Meghalaya8742645 Sikkim6582891 Mizoram4702580
  Business   Companies  03 Mar 2019  Eureka Forbes aims non-metros, semi-rural markets to drive water purifier sales

Eureka Forbes aims non-metros, semi-rural markets to drive water purifier sales

PTI
Published : Mar 3, 2019, 1:37 pm IST
Updated : Mar 3, 2019, 1:37 pm IST

The company sees non-metro and semi-rural markets as a major growth driver going ahead.

While in metros, it expects a rise in the demand for premium range of water dispensing products. (Photo: Twitter)
 While in metros, it expects a rise in the demand for premium range of water dispensing products. (Photo: Twitter)

New Delhi: Shapoorji Pallonji Group firm Eureka Forbes, a leader in electric water purification segment, is looking to further consolidate its position on account of focus on non-metro and semi-rural markets, a top company official has said.

The company sees non-metro and semi-rural markets as a major growth driver going ahead. While in metros, it expects a rise in the demand for premium range of water dispensing products.

 

"We would like to consolidate our position in the segment and grow the market," Eureka Forbes Chief Transformation Officer Shashank Sinha told PTI.

Sinha claimed Eureka Forbes held nearly 60 per cent share of the entire electric water purifier market that is pegged at around Rs 4,500 crore.

"We are closer to 60 per cent market share in the electric water purification market," he said, adding that the market penetration of water purifier is less in the country and would expand in coming years as the awareness about benefits of pure drinking water is increasing.

The domestic water purifier market will witness consolidation in coming years at the bottom of the pyramid, where lots of unorganised players are operating, according to Sinha.

 

Eureka Forbes sells water purifiers with brand names like Dr Aquaguard, Aquaguard AquaSure and AquaSoft.

The company, which had a gross group turnover of Rs 3,000 crore in 2017-18 (April-March), gets over half of its revenue from the water purifier segment. The remaining revenue comes from other verticals such as vacuum cleaner, air purifier, security solutions and other segments.

It has manufacturing units at three locations -- Bengaluru, Dehradun and Baddi -- with a manufacturing capacity of around 12 to 15 lakh units per annum.

The company sells its range of water purifiers in around 40 countries with its Swiss arm Lux International.

 

As per market reports, the water purifier segment in India is expected to grow at 11.5 per cent CAGR during 2018-2025.

Kent RO, Livpure, Tata Swach and HUL are among the other top brands in the segment besides Eureka Forbes.

Tags: eureka forbes, kent ro, shapoorji pallonji group
Location: India, Delhi, New Delhi