Godrej Locking Solutions and Systems, part of Godrej & Boyce, is eyeing Rs 1000 crore revenue by FY22, betting on premiumisation and its entry into new categories, especially kitchen fittings. This year, the company aims to clock a revenue of Rs 720-750 crore from over Rs 600 crore in FY 18. "If we continue to maintain a compounded annual growth rate (CAGR) of 18 per cent, going forward to FY 21-22, I think we should be able to have a four digit revenue by then, which is Rs 1,000 crore plus," Godrej Locking Solutions and Systems EVP and business head Shyam Motwani told PTI. He expects architectural fittings and premiumisation of some segments of the locks category to be the growth drivers. In architectural fittings and systems, which had a soft launch in FY13, the company has identified kitchen fittings as a growth engine, which at present accounts for close to 30 per cent of the business. Within these segments, kitchen fittings is seen as a growth driver. "We plan
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