Hom targets Rs 400 crore from led television business in FY20
Hyderabad: Consumer electronics brand Hom, which recently forayed into LED television business, aims to mop up about Rs 400crore in FY20, a top company official said here on Friday.
“The group, which primarily focuses on mobile, has a turnover of about Rs 2,500 crore. We expect our television business, which today forayed into AP and TS, will contribute about Rs 100 crore in the current fiscal but will jump to about Rs 400 crore next year as we gain a pan-India presence,” said Hom India managing director Rahil Poojara.
The company has plans to introduce washing machines and refrigerators by February end as its aims to diversify from mobiles. end-of