Recode Studios plans rapid expansion & growth plans
By Retail4Growth Bureau | April 26, 2023
To further accelerate its growth, Recode Studios plans to open 20 new stores across India in the next fiscal year. These new stores will complement the brand's existing network of 30 stores in major cities such as Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad.
Makeup brand Recode Studios has announced its plan to generate Rs 50 crore in revenue during this fiscal year (2023-2024). The company says it aims to achieve this goal through aggressive expansion and innovation in product offerings.
Recode Studios has already made significant progress towards its revenue target, having generated Rs. 26 crore in the fiscal year 2022-2023, the company statement said.
To further accelerate its growth, Recode Studios plans to open 20 new stores across India in the next fiscal year. These new stores will complement the brand's existing network of 30 stores in major cities such as Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad.
“Our goal is to become the go-to makeup brand for Indian consumers," said Dheeraj Bansal, Co- founder of Recode Studios. "We believe that our focus on quality, affordability, and customer service has been a key to our success so far, and we are committed to maintaining these standards as we continue to expand."
Recode Studios has also announced that it plans to double its SKU’s by 15th June this year.
