Indian accessories brand Baggit eyes 25% revenue growth

08 Feb '18
1 min read
Courtesy: Baggit
Courtesy: Baggit

Indian accessories brand Baggit is stepping up its volume and product line to achieve 25 per cent revenue growth in fiscal 2018-19 and a double-digit bottom line growth. The private company generated around Rs 160 crore revenue in the last fiscal. It produces 1.5 lakh pieces a month, which will be raised by 50 per cent soon, said managing director Nina Lekhi.

Despite the challenges arising out of demonetisation and goods and services tax, the company grew in double-digits in the last fiscal and is looking forward to further consolidate and grow faster this year, Lekhi told a news agency.

The brand, which has a presence in Sri Lanka, will expand to other countries as the focus will be domestic market, she said.

The brand is available in over 1,000 large format retail stores and 50 exclusive outlets apart from online portals. (DS)

Fibre2Fashion News Desk – India

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