The brand Arvind which is a premium fabric brand for both men’s and women’s fabrics clocked revenues of close to Rs 500 crore in the last fiscal, and is an important part of Arvind's overall brands and retail portfolio which touched revenues of Rs 1900 crore in FY2012-13.
The four fold growth strategy will see Arvind expand beyond its traditional distribution model with a rapid roll-out of its new retail format 'The Arvind Store' and growing in the premium fabric market with its new brand 'Tresca'.
With 100 Arvind Stores up and running, Arvind Ltd is now aiming to grow the format multi-fold to over 400 stores in the next five years. Taking a step away from the conventional look-and-feel, The Arvind Store is a modern and futuristic layout to provide the best of Arvind merchandise under one roof.
By exhibiting all of Arvind’s finest fabrics, customised tailoring, customised jeans and the best of Arvind’s ready-made brands, 'The Arvind Store' is designed as a complete lifestyle destination. The store format provides a comprehensive wardrobe solution to the discerning consumer. The Arvind Store franchise is likely to cross Rs. 600 crore in revenues by FY 2017-18.
Recently, Arvind Ltd introduced its most premium fabric offering ‘Tresca’ to target the high-end shirting and suiting market. With growing disposable incomes in India, the premium fabric market is a high growth market in which Tresca aims to establish itself as a leading brand. Tresca will offer premium products, contemporary international design and a lifestyle positioning. Arvind aims to build Tresca into a Rs 250 crore brand over the next 5 years.
Commenting on the plan, Mr. Kulin Lalbhai, Executive Director of Arvind Limited, said, “Our aim is to make Arvind a Rs 2000 crore mega brand in the next five years. It will be made possible with the rapid roll-out of 'The Arvind Store' format which will have over 400 stores and revenues of in excess of Rs. 600 crore by FY2017-18.
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