Godrej predicts 50% growth in AC sales for FY26

Godrej Enterprises Group is aiming for a 50% increase in air conditioner sales in the next fiscal year. This growth is expected to come from strong demand and new product launches, particularly smart air conditioners. The overall industry growth is projected to be around 30-35% but lower compared to last year's 60% due to higher sales in the previous year. The company plans to expand its air conditioning product line and introduce new models. Godrej is entering the commercial segment with Cassette and Tower ACs. Last year, the group increased its market share from 6.7 lakh to 14 lakh units and aims to double this by the end of the current fiscal year, reaching a 10% market share. Kamal Nandi, the Business Head of Appliances, expressed confidence in achieving the 50% growth target. He highlighted the introduction of smart air conditioners with advanced features such as AI technology and WiFi connectivity. The new smart ACs will start at Rs 42,900 and will be available in stores and online. For the industry overall, Nandi forecasts that air conditioner sales will reach around 14 million units this fiscal year, with an expected growth to 18 million units in the next. With rising temperatures already being felt in some areas of India, the demand for air conditioners is expected to be high this summer, although not as high as last year. The growth is predicted to remain robust at around 30-35% for the season.