Eureka Forbes target
[2023-07-23 14:04:38]
Kolkata, June 20: Eureka Forbes plans to increase sales by 10 to 20% at the end of the fiscal year. Last fiscal year 's turnover was Rs. 3,040.
Shashank Sinha, vice president and marketing director at Eureka Forbes, says: "All our market segments - water purifiers, air purifiers, vacuum cleaners, safety devices - are constantly evolving and we want to meet expectations."
Regarding the introduction of goods and service tax (GST), he said, "Because the water purifier has 18% consumption tax and 28% air purifier and detergent, GST may have a temporary impact on business In addition to stopping so far, we need to pay 15% VAT. "
Water purifiers account for 70% of the company's total business, vacuum cleaners account for 22-24%, air purifiers and safety account for the rest.
The domestic market of water purifiers is about 350 billion rupees, of which Eureka Forbes has a market share of 67%, serving 20 million customers in more than 1,500 towns nationwide.
Today, the number of retailers nationwide exceeds 18,000 and the number of service centers in India exceeds 1,800.
The company offers three brands of water purifiers - ranging from Ras 1,600 to Rs 12,000 Aquasures, Rs 8,000 to Rs 20,000, and Rs 10,500 Rupees 35,000.
Eureka Forbes Limited is the largest direct sales organization in Asia. Eureka Forbes is a multiproduct company with sales of R117 billion and it can be regarded as the best water purifier company in India. Eureka Forbes' mission is to build sustainable relationships with customers and become lifelong friends. Another factor attractive to me is the company's best way to sell directly. They have excellent marketing practices accepted by marketing experts. For these reasons, I chose Eureka Forbes Co., Ltd. For research.
According to changes in customers and intensified market competition, Eureka Forbes CEO Marzin Shroff of Shapoorji Pallonji Group said the company is cooperating closely with the brand. "The customer's face is changing, we need to ask: what are they really worried about?" He said. Shroff said the brand has three decisive factors: technology, products and services. The three combinations will help to identify Aquaguard, the flagship brand of Eureka Forbes, and are expected to be 70% of Rs. 4.0 billion, accounting for 30% of sales in the year to March 2017.
Eureka Forbes, a consumer electronics company, plans to double the group revenue from current Rs 32 million by 2019, and its strategy is shifting from a pure direct sales company to an omni-channel business. "By 2019, we are doubling the group's earnings and aiming to shift the strategy to the omni channel," Eureka Forbes Shashank Sinha told the PTI. "Last year's market share was 58%, but with the aim of expanding it to 67% supported by the retail sales this year," he stated.
New Delhi: Electric home appliance manufacturer Eureka Forbes launched INR 595 mobile water purifier "Aquaguard-on-the-Go". In the statement that Aquaguard-on-the-Go's straw shape adopting small water purification technology becomes Eureka Forbes, retail stores and grocery stores are available. It is available in 4 colors - black mystery, pink beauty, pearl white and black, Eureka Forbes, part of the Shapoorji Pallonji group. Marzin R Shroff, senior vice president of marketing at Eureka Forbes CEO and commented that after 7 years of research, small water purification technology was introduced. "Aquaguard-on-the-Go is probably the only water purifier in India that provides affordable, adaptable, and available drinking water safe for Indians, which is important in the history of the Aquaguard brand It is a milestone, India will raise the leadership in our market to the next level, "he added.