Onida plans realty asset monetisation to fund brand revival
Onida is evaluating the sale or redevelopment of assets in Mumbai, Wada and Ratnagiri, with a decision expected by year-end. It will close TV contract manufacturing at Wada, outsource television production and retain washing-machine manufacturing in Roorkee.
Onida plans to monetise Mumbai, Wada and Ratnagiri realty assets to fund a brand revival. It is closing Wada television contract manufacturing, outsourcing TV production and retaining washing-machine manufacturing at Roorkee.
Why this matters
The asset review supports Onida’s broader rewiring strategy, following its target to grow fivefold in five years and open 100 new brand stores.
Retail-company signals are accelerating, up +1099300% QoQ.