Saint-Gobain entered India in 1996 and has grown significantly and profitably since then, becoming a leader in all key industries. Saint-Gobain has 76 production facilities (almost all of which are ISO 14000 and OHSAS 18000 certified) in India, where it employs over 18,679 full-time and part-time workers. Sales for the business topped 126.33 billion in 2022, demonstrating the market’s enormous development potential for Saint-Gobain.

Saint Gobian India also exports advanced products to the markets of ASEAN, North Asia, the Middle East, Australia, and New Zealand from India.

The company is a leading glass maker and player in the housing solutions business, is investing Rs 8,000 Cr in 4-5 years to fund capital expenditure and acquisition to fuel growth and the company recently acquired stone wool manufacturer Rockwool India.

The Indian market, which is experiencing a boom in demand, is expected to grow by about 10% in volume and mix, according to Saint Gobian India, a subsidiary of the French glassmaker.

Santhanam ( CEO of Asia Pacific and India region and Chairman) “ We are close to the annualised rate of Rs 13,200 crore… Comparing FY24 to FY23 we will be 8-10 per cent more in terms of growth and we believe is that in a 4-5-year cycle, we will invest about Rs 8,000 crores with over 90 per cent focused on capex. As our scale goes up, we will re-evaluate our Capex needs”.

“We are debt-free and have adequate internal funds to fuel our growth appetite,” he said.

As per the company filing, total revenue grew by 9.7% YoY from Rs 46.1 Cr in Q1 FY23 to Rs. 50.6 Cr in Q1 FY24, for the same period net profit grew by 2.8% from 6.9 Cr to Rs. 7.1 Cr. 

On Monday shares of this company gained 4.60%, At 12.10 p.m. shares of this company were trading at Rs. 115.95 apiece.

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