Royalé Touché is exploring various interior product related verticals for expanding their business. The company, which is aiming to clock sales of up to Rs 500 crore in the current fiscal, is open to both, acquiring a player or getting into new categories on its own.
"Business has recovered drastically and we have been seeing growth since September. Given that we lost 3-4 months of business (due to nationwide lockdown to stop spread of COVID-19), we are aiming at clocking Rs 500 crore sales in the current fiscal," said Mr Raj Patel, Director, Royale Touche.
"There are a few business opportunities we are exploring... it would be primarily interior based products and in sync with what we already do. We are exploring products like plywood and MDF," he added.
He said Royale Touche is open to acquiring a company with a high quality product line or investing and starting from scratch to get into the new product categories.
Apart from laminates and vitrified tiles, the company is also present in adhesive and modular furniture business.
Royale Touche also plans to invest up to Rs 12 crore to enhance manufacturing capacities at its factories in Gujarat. "Our factories are operating at 80-85 per cent capacity, but looking at demand and growth, in next three months we plan to increase our manufacturing capacity by about 35 per cent. We plan to invest Rs 10-12 crore towards that," he said.
The company is also looking at increasing its experience centres by adding 50 outlets in next three years. It currently has over 148 experience centres spread across the country.