Koutons Retail expects to achieve Rs1,000cr turnover
24 Jul '06
1 min read
Following the rising domestic demand of garment, Koutons Retail India is planning to cross Rs1,000 crore turnover in next two years.
Last year, company's turnover was Rs160 crore and this year it is expected to reach Rs400 crore.
Company is also planning to explore readymade women's wear market.
As per the Compounded Annual Growth Rate (CAGR), company has registered 130 percent growth and hence, Rs1,000 crore target is not an illusion, informed H S Sidhu, Executive Vice President of Koutons Retail India.
Company has set the target to produce 1 crore pieces of garments from current 30 lakh pieces with an investment of Rs75 crore.
As of now company's main focus will be to expand domestic presence and enter unexplored categories, Sidhu stated.
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