Godrej Interio, the furniture division of the Godrej Enterprise Group (GEG), has announced a Rs 300 crore investment push aimed at expanding its retail presence and strengthening digital capabilities as it targets revenues of Rs 10,000 crore by FY29.
The company, currently contributing the second-largest share to GEG’s consolidated revenues of Rs 16,000 crore, reported a topline of Rs 3,400 crore in FY25. It expects to close the current fiscal at Rs 4,000 crore before accelerating growth in the years ahead. Business head Swapneel Nagarkar said the brand is confident of scaling at 25 percent annually from FY27 onwards to reach its long-term revenue goal.
Of the proposed Rs 300 crore outlay, Rs 100 crore will go towards strengthening digital technologies for an omnichannel retail strategy, Rs 100 crore for expanding its store network to 1,500 outlets, and Rs 100 crore for design innovation. This investment is in addition to Rs 350 crore already deployed over the past few years to modernise its five manufacturing plants across the country.
Interio’s strategy includes rebalancing its revenue mix. The company expects the contribution from B2B sales to decline from 65 percent to 55 percent, while B2C will rise from 35 percent to 45 percent. Growth will be driven by premium furniture, consumer demand for branded products, and rising penetration in tier-II and tier-III markets.
Over 60 percent of new stores will come up in tier-II towns, 30 percent in tier-III cities, and the remainder in metros. A new retail format will include a 20,000 sq ft flagship in Vikhroli, mid-sized 7,000 sq ft stores, and compact outlets.
Executive Director Nyrika Holkar said the focus is on making premium design more accessible. GEG itself has set a target of Rs 20,000 crore in revenue by FY29, up from Rs 16,000 crore in FY25, with group profits standing at Rs 500 crore.
