Saint-Gobain Predicts 3-Fold Growth in India Business in 10 Years

03 Dec 2024 CW Team

Saint-Gobain, a France-headquartered leader in light and sustainable construction, is targeting a three-fold growth in the Indian market over the next decade, according to senior executives at the company during a meeting in Chennai. Saint-Gobain India expects to finish the current fiscal year with a turnover of Rs 142 billion, which is projected to grow to nearly Rs 500 billion by 2035.

B Santhanam, the CEO of Saint-Gobain for Asia Pacific and India, stated that if India's economy grows at 7 per cent per annum over the next two decades, the company expects its turnover to reach Rs 500 billion by 2035. He also mentioned that the company has experienced nearly 90 per cent growth in the past five years.

The group operates through three companies in India: Saint-Gobain India, the only unlisted entity, along with the listed Grindwell Norton and Saint-Gobain Sekurit India.

Santhanam shared that the company is witnessing growth opportunities across almost all verticals. He noted that apart from steel, cement, concrete, aluminium, and paints, there are few credible building material companies like Saint-Gobain, which provides a range of solutions for residential, commercial, and infrastructure sectors. He added that over 90 per cent of what the company markets is manufactured in-house. The company’s business is split as follows: glass manufacturing (including automotive, architectural, and solar) accounts for approximately 50 per cent, gypsum and construction chemicals make up about 25 per cent, abrasives and ceramics represent 20 per cent, and other unique businesses account for 5 per cent.

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