Ratnadeep unveils its centenarian store in Hyderabad
By Retail4Growth Team | Retail4Growth Team | December 29, 2020
The company expects to cross a Rs. 1200 crores year-on-year turnover by the end of FY 2020-21 and will commence the New Year with aspirations to open 50 stores across South India (Telangana, Andhra Pradesh, and Karnataka) with an average size of 3,000 sq. ft. per location.
South India’s most awarded fastest growing retail chain, Ratnadeep Retail Pvt. Ltd. opened its 100th outlet in the country at Hyderabad, Telangana. The 4,500 sq. ft. new store situated in the prestigious Jubilee Hills area provides seamless consumer shopping experience through its strategic location and unique designs.
Speaking on the occasion, Sandeep Agarwal, Managing Director, Ratnadeep Retail Pvt Ltd, said “Ratnadeep is all set to join the big league of retail chain brands in the country and we are extremely proud of our achievement. We plan to increase our national footprint through multiple format stores in the next few years. The last few months have been challenging but this time gave us clear understanding regarding the customer interests and demands. We have introduced special sanitation, hygiene and safety parameters within the organisation. Employee retention and staff safety have been our primary motto and we have taken all steps to ensure the well being of our people and customers.”
“We are extremely delighted to reach the 100 stores mark this year. We have projected to reach a store count of 150 stores by FY 2021 and provide an unmissable shopping experience to our customers. We also plan to expand our reach by opening new stores across new townships and communities and position ourselves as a convenient & quick shopping destination for our discerning customers,” added Manish Bhartiya, Director, Ratnadeep Retail Pvt. Ltd.
The company already has a retail footprint expanding over 4, 00,000 square feet across the 99 stores in Hyderabad and Bangalore. The chain plans to reach out to a larger base of audience through multiple format stores like Ratnadeep Supermarket, Ratnadeep Express & Ratnadeep Select. Ratnadeep expects to cross a Rs. 1200 crores year-on-year turnover by the end of FY 2020-21 and will commence the New Year with aspirations to open 50 stores across South India (Telangana, Andhra Pradesh, and Karnataka) with an average size of 3,000 sq. ft. per location.
