Bangalore: Consumer electricals products major Bajaj Electricals Limited is looking forward to crossing the Rs 5,000 crore net sales mark over the next four years, according to top company officials.

Shekhar Bajaj, CMD, Bajaj Electricals said, "Going forward we will achieve the Rs 5,000-crore net sales mark. The sales can be sustained but it may be difficult to sustain profitability because of the increase in raw material costs."

"Of the targeted Rs 5,000 crore, Rs 2,000 crore will come from our engineering and projects business unit, Rs 1,800 crore from consumer business and the rest from our luminaries business unit," R Ramakrishnan, Executive Director, BEL said.

"We are targeting Rs 4,000 crore to come from organic growth and the rest from diversification and acquistions." The company is also eyeing acquisitions in the consumer durables and lighting segments. The company, whose net profit was Rs 34.1 crore in the third quarter of financial year 2010, is also planning to venture into the solar business.