The company is planning to double the capacity of its vitrified tile-making unit in Rajkot and floor tile manufacturing unit at Vijaywada at an investment of Rs 40 crore and Rs 50 crore respectively. Also, a new plant in Rajasthan would be set up at an investment of Rs 110 crore.
H&R Johnson has been on a modernisation drive to upgrade technology and machinery at these units. New machines were installed for making of top-end vitrified tiles and a high-resolution design lab was also set up at the Rajkot unit recently.
The company recorded a 36 per cent rise in sales from Rs 542 crore to Rs 740 crore last financial year.
However, the unlisted company refused to disclose the net profit growth for 2005-06.
In the period under consideration, sales volume grew by 45 per cent from 18 million square metre to 26.18 square metre.
The company is looking to achieve turnover of around Rs 1,000 crore by March 2007. During the last financial year, H&R Johnson had tapped the north Indian markets, which fetched a sales volume growth of approximately 120 per cent, the company sources said.
The company has planned a marketing blitz of approximately Rs 50 crore for the current financial year as part of its growth plans.
The company's new plant in Rajasthan is expected to become operational in 2006. With the phenomenal growth in 2005-06, the market share of H&R Johnson (India) has gone up from 24 per cent to 30 per cent, the company sources said.
The company is targeting an overall market share of 35 per cent across India by March 2007, the sources confirmed.
