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Mafatlal eyes Rs 1,000cr revenue by 2021
13 Jan '17
1 min read
Courtesy: Mafatlal
Textile fabrics manufacturer Mafatlal Industries Ltd. (MIL) is eyeing revenue of Rs 1,000 crore, most of which will be driven by sales from the uniforms segment by 2021. The Arvind Mafatlal group company manufactures around 10 crore metres of fabrics per year, of which school and corporate uniform fabrics make up for nearly 50 per cent.
A leading daily quoted M.B. Raghunath, president, sales and marketing at MIL as saying that they have drawn up plans to reach sales of Rs 1,000 crore in four years.
According to Raghunath, they expect a surge in school uniform fabric volumes in the next four years, for which they have adequate capacities to meet the future needs.
He also added that MIL will be selling uniforms for both corporate and schools via an ecommerce website from April 2017.
The market size for Indian uniforms is around Rs 12,000 crore and is growing by 10 per cent per year. (AR)
A leading daily quoted M.B. Raghunath, president, sales and marketing at MIL as saying that they have drawn up plans to reach sales of Rs 1,000 crore in four years.
According to Raghunath, they expect a surge in school uniform fabric volumes in the next four years, for which they have adequate capacities to meet the future needs.
He also added that MIL will be selling uniforms for both corporate and schools via an ecommerce website from April 2017.
The market size for Indian uniforms is around Rs 12,000 crore and is growing by 10 per cent per year. (AR)
Fibre2Fashion News Desk – India
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