Business India ×
  Magazine:
Marketing

Published on: March 8, 2021, 8:01 a.m.
Jaquar's big leap for a bigger piece of the pie
  • Shukla: strong manufacturing capability to produce quality products

By Arbind Gupta. Assistant Editor, Business India

The Jaquar Group is the undisputed leader in the organised bath fittings category, with over 60 per cent market share, and is all set to maintain its momentum going forward as well. The Manesar-headquartered group, which has also diversified into lighting solutions in the last few years, is looking to be a $1 billion entity in the next three to four years, from Rs3,560 crore in FY20. Despite Covid-related headwinds, the company, which turned 60 last year, is one of the fastest growing bath brands in the world, and is expected to close the present year (FY21) on a positive note with at least five to 6 per cent growth.

In the last few months, an impressive surge in demand has been observed in both Tier I and II cities, even as both B2B and B2C segments are on the recovery path. The bath fitting major’s products are added to over 2.4 million bathrooms every year; it makes over 28 million fittings annually. The group has grown at a CAGR of 15-20 per cent in the last five years. Jaquar has a presence in over 60 countries across Europe, the Middle East, Asia-Pacific and Africa.

 “What differentiates us from other brands in the market is our strong manufacturing capability to produce quality products as also our agility to respond to changing market dynamics. During the Covid-related market scenario, though we too had our share of challenges, we managed to further strengthen our position in the market. Going forward, we will leverage our understanding of the local market and continue to pursue our set strategy,” says Sandeep Shukla, head, marketing & communications, global, Jaquar Group.

 Bath verticals

Backed by a dedicated workforce of 10,700 employees across the globe, the Jaquar Group boasts of six modern manufacturing facilities in India and one in Korea. It is probably the only company to emerge as a complete bathroom solutions enterprise, successfully diversifying into various bath verticals like sanitary ware, shower enclosures, water heaters, concealed cisterns and a wellness range of products including whirlpools, shower panels, showers, steam cabins and spas. 

The Jaquar Group has also forayed into concept lighting solutions for all residential, commercial and outdoor applications. As a one window solution, Jaquar concept lighting offers a wide range of high-quality products, design consultancy, installation and post care. The company recently put up a state-of-the-art facility at Bhiawadi, Rajasthan for lighting solutions, which currently contributes around Rs400 crore to its turnover. This is expected to reach around Rs1,000 crore in the next three to four years.

Apart from lighting solutions, the company, as part of its strategy, is looking to ramp up its export business as well as its value-for-money Essco brand. Though the company has been in the export business for some time (with an initial presence primarily in the Gulf region), it is now looking to expand this business significantly. In the next few years, it plans to more than double its overseas business from the current four to 5 per cent of total revenue.

“On our way to become $1 billion company in the next three to four years, three verticals, namely lighting solutions, Essco (our affordable brand) and overseas business are the triggers identified as per our set strategy. As a company, we have always stayed ahead of the competition on account of our edge in manufacturing and our understanding of the market and applications,” adds Shukla.

  • As a company, we have always stayed ahead of the competition on account of our edge in manufacturing and our understanding of the market and applications

The group is setting up exclusive showrooms for its products, showcasing its premium brand Jaquar and luxury brand Artize. Currently, there are 16 Jaquar world showrooms in London, Milan, Singapore, Dubai, Kuala Lumpur, Addis Ababa, Sousse, Riyadh, Kinshasa, Moscow and Tunisia, with plans underway for more to open across the world.

The Jaquar Group has positioned itself quite uniquely in the market with three different brands, catering to various segments of the business. Its Artize brand is aimed at the luxury segment, while the Jaquar brand caters to the premium segment. Essco is the company’s value brand.  Jaquar Lighting is for complete lighting solutions.  

For over five decades now, Essco has been supporting affordable segment in India. The pan India brand has added a whole new chapter to the bath fitting industry by ushering in a new era in the organised bath market. From LED bulbs and tube lights, to chandeliers, landscape lighting and accessories, Jaquar Lighting has holistic solutions, and the brand has already started making a mark by being chosen by large clients in hospitality as well as by Air Force Headquarters, Delhi; National Defence Academy, Pune; IIM, Shillong; IIT, Mandi & IIT Guwahati; Hindustan Club, Kolkata; Bangur House, Kolkata and ISRO.

Focus

Invest Goa 2024: Creating a new pitch

Goa’s evolving industrial landscape bodes well for the smallest state

Cover Feature

Staying the course

After tinkering around, the government is confident of being back in office to present the full-fledged budget in July

Corporate Report

Will Eveready regain its past glory?

With its substantial brand value and established markets, Eveready is likely to maintain its leadership position

Corporate Report

How Ujjivan serves the masses

Ujjivan Bank has designed bespoke products and solutions to cater to diverse customer segments

E-MAGAZINE
Staying the course
Outlook for 2024
B-Schools-new directions
FROM THIS ISSUE

Philanthropy

Art

Travel

CSR

Corporate Report

Corporate Report

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use

Biogas

German BioEnergy enters Indian market

Published on Aug. 17, 2023, 11:54 a.m.

BioEnergy will showcase its innovative biogas technology in India

Mobility

Ather looks to double its market share

Published on Aug. 17, 2023, 11:26 a.m.

Ather aims to produce 20,000 units every month, soon

Green Hydrogen

‘Kerala Hydrogen ecosystem a model for all states’

Published on Aug. 17, 2023, 11:06 a.m.

German Development Agency, GIZ is working on a roadmap for a green hydrogen cluster in Kochi

Renewable Energy

Adani Green eyes 45GW RE

Published on Aug. 17, 2023, 10:45 a.m.

AGEL set to play a big role in India’s carbon neutrality target