Home / Knowledge / News / Apparel/Garments / Cottonking to boost its presence in five states by year-end
Cottonking to boost its presence in five states by year-end
16
Sep '11
As a part of its expansion drive, Cottonking, a clothing producer based in Pune, aims to boost its presence in five States across India by close of the current year. The company plans to open 70 new stores in the States of Karnataka, Andhra Pradesh, Chhattisgarh, Maharashtra and Gujarat.

During inauguration of two 'Cottonking' franchise outlets in Hyderabad, the company's Chief Executive Officer, Koushik Marathe said the city has a budding market. He said the company penetrated in the city's market around six months back with launch of its four outlets and is now exploring possibilities for launching more outlets in the State.

Talking about future plans, he said the firm has plans to strengthen its presence in the existing markets before penetrating in newer markets.

The firm already operates 54 outlets in the States of Gujarat, Maharashtra and Andhra Pradesh and is exploring possibilities of penetration in Odisha and Rajasthan by next fiscal year, he said.

The company has reserved a sum of around Rs. 30 to 40 million in investment to support its expansion drive over next one year. So far, the firm has already spent Rs. 150 to 200 million for establishment of its production facility, operational support and designer team.

Cottonking operates a production facility at Baramati near Pune, which is spread on an area of 84,000 sq ft and houses a capacity to produce 2,000 to 2,500 pieces of garments each day.

Mr. Marathe stated that growth of the men's readymade garment segment is gathering momentum even in Tier II and Tier III cities, as the readymade garment market is growing at an average year-on-year rate of 50 percent.

He disclosed that the firm may even consider diversification in women and kids segments, once it establishes a strong presence across the country, over the next five years.

The company's portfolio currently comprises of two brands - mid segment brand Regalia and premium segment brand Royale.

Last year Cottonking clocked a turnover of Rs. 360 million and is likely to touch Rs. 550 million this year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X