Google News
spot_img

Gilma to expand network

Must Read

Stovekraft Pvt. Ltd, a wing of Vardhman Group, has planned to expand the network of its kitchen appliances retailing store Gilma by opening around 70 outlets across the country by the year-end.

Speaking at the launch of the company’s eighth outlet on Thursday, Ranganath KS, general manager, Stovekraft Pvt. Ltd, said: “Currently, we have 38 outlets in six states, but with the addition of the new outlets our products will be available across the country. Our long-term strategy is to have 100 outlets by the end of 2010.”

Gilma retails a range of kitchen appliances that include electric chimneys, cook stoves and microwaves.

“For FY ’08 ending March 31, sales were around Rs 40 crore, a 120 per cent increase over the previous year, and during the current fiscal we expect sales of around Rs 80 crore,” said Ranganath.

Latest News

Confetti Gifts: Reimagining emotion-led gifting space

As a bootstrapped venture, the company achived a total revenue of Rs 6.28 crore in FY24Confetti Gifts, launched in...

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.