Mumbai, Sept. 8 -- The proposed expansion is aimed at broadening Symphony's addressable market by entering adjacent consumer-durable categories with long-term growth potential. The company plans to leverage its capabilities in cooling, brand building, distribution, consumer insights and after-sales service. The move is also aligned with its focus on strengthening its Beyond India Summer Products (BISP) portfolio while reinforcing its leadership in the Indian household air-cooler segment.

The expansion will follow an asset-light model, with no immediate plans to invest in in-house manufacturing capacity. The company intends to deploy internal accruals progressively towards product development, inventory, brand building, channel and servic...