The company has already started its online retail initiative with c9fashion.com and has tied up with several online retailers in the country.
Soni said a 100 per cent subsidiary - Sangam Lifestyle Ventures - has been floated for its retail business, which will focus on developing new exclusive chain of stores under C9 Fashion brand name while the company will continue to expand its multi-brand outlets.
"We have received an encouraging response to our recent foray into seamless garmenting. What enthuses us is that this response is despite the fact that we are yet to fully roll out our brand and marketing campaigns.
We are hopeful of a much higher revenue contribution and better operating margin from this segment going forward," he said.
Sangam (India) reported a 49.39 per cent rise in net profit at Rs 77.04 crore for the last fiscal. (SH)
Fibre2Fashion News Desk – India
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