Saint-Gobain India plans to triple its revenue to ₹36,000 crore by 2032. The company ended 2023 with a turnover of ₹13,500 crore, growing 20 times in the last two decades. CEO B Santhanam said the company is making significant investments and will grow both organically and through acquisitions
The company is benefiting from growth in the housing and industrial sectors. It has strong financial metrics, with a return on investment over 30%, strong cash flows, and low working capital. It has ₹2,000 crore in cash and is undergoing a capex of ₹6,000-8,000 crore, focusing on greenfield and brownfield expansions, as well as mergers and acquisitions.
Saint-Gobain leads the market in glass, gypsum-based products, and construction materials. By the end of 2023, it had invested around ₹13,200 crore, including acquisitions. In March, it signed an MoU to invest ₹3,400 crore in Tamil Nadu over five years, boosting capacities in glass wool, stone wool, and plasterboard.
Acquisitions are key to its growth strategy. Santhanam said the company is looking for opportunities in ceramics and infrastructure. Recent acquisitions include Twiga Fiberglass for ₹532 crore and Rockwool India for ₹100 crore.
Saint-Gobain India expects its contribution to its parent company’s revenue to increase from low to high single digits over the next several years.
