Last updated : June 11, 2019 10:37 am
The menswear brand is also reportedly planning to double its revenue to Rs 650 crore in the three years.
“The company will be expanding its retail footprint to 300 outlets from the current 150 outlets. The bulk of the expansion will be through the franchisee route. The company will expand into markets in the North, East and West. We will also expand our presence in the southern states,” Indian Terrain Managing Director Charath Narsimhan was quoted as saying in a report.
He also said that the company closed the last fiscal with a turnover of about Rs 422.37 crore and net profit of Rs 25.71 crore as against a turnover of Rs 401.45 crore and a net profit of Rs 25.44 crore recorded in the year-ago period. The company derives about 14% of its turnover through online sales and with its own web platform, the revenue is expected to increase this year.