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Audio electronics brand GOVO targets Rs 1,000 cr by FY28

Thursday, 16 May 2024
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Audio electronics brand GOVO targets to be a Rs 1,000 crore company by the financial year 2027-28. The Bengaluru-based audio electronics brand, established in 2022, clocked a revenue of Rs 100 crore in FY 2023-24.

The company plans to expand in the category, increase its market share and achieve premiumisation in the segment. GOVO also plans to add more products and more segments in the near future. The company's operations is supported by a robust in-house customer service team, and incorporates feedback and taking corrective actions. Hence, the company wants to remain focused on audio devices only, and it aspires to be a leading player in the sound bar market in the next three years.

The company's goal for the next three years is to go to a thousand crore topline, with a 15 percent to 20 percent market share.

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