Jaquar to invest Rs 800-1,000 crore in three new plants, targets Rs 12,000 crore revenue
Jaquar Group will add three facilities in Bhiwadi and Gujarat over two years, taking its manufacturing footprint from 3.3 lakh sq m to 5.3 lakh sq m. The bath fittings, sanitaryware and lighting maker is targeting FY26 turnover of Rs 8,703 crore and plans to scale lighting and exports.
What happened
Jaquar Group plans Rs 800-1,000 crore of investment to add three plants, expand manufacturing capacity and grow turnover to Rs 8,703 crore in FY26. The bath,
Key facts
- Rs 800-1,000 crore investment over two years
- Manufacturing footprint expansion from 3.3 lakh sq m to 5.3 lakh sq m
- Three new facilities in Bhiwadi and Gujarat
- FY25 turnover: Rs 7,548 crore
- FY26 turnover target: Rs 8,703 crore
- Longer-term revenue target: Rs 12,000 crore
- Nearly 60% share of India's bath fittings market
- Eight existing plants; expanding to 11
- Lighting revenue: Rs 700 crore; target Rs 1,600-1,700 crore in three years
- Exports: 5% of revenue; target 10%
Why this matters
Jaquar’s push into larger-scale manufacturing, lighting and exports creates potential opportunities for technology, distribution and international-market partnerships rather than near-term capacity-led acquisitions.
What to watch
- Land acquisition, construction and commissioning timelines for the three proposed plants.
- Capex split between bath fittings, sanitaryware and lighting, and whether total investment remains within Rs 800-1,000 crore.
- Quarterly revenue growth versus the FY26 Rs 8,703 crore target and progress toward the Rs 12,000 crore ambition.
- Capacity utilization, inventory days and dealer sell-through after new lines begin production.
- Lighting revenue share and segment-level margin trend.
- Export revenue contribution, new-country entries and international certification announcements.
- Housing starts, real-estate completions and commercial construction activity in India.
- Competitive capacity additions, discounting and dealer incentives from Kohler, Cera, Hindware and regional manufacturers.
- Accelerate dealer, architect, plumber and contractor engagement in underpenetrated tier-2 and tier-3 markets to fill incremental capacity.
- Expand integrated bathroom collections and project-sales bundles that combine fittings, sanitaryware and lighting.
- Pursue export-market certifications, local distribution partnerships and regional warehousing before new capacity is fully commissioned.
- Increase automation, localized component sourcing and energy-efficiency investments to protect margins as manufacturing footprint expands.
- Use the larger production base to rationalize SKUs and improve availability of fast-moving premium products.