Indian Terrain Fashion Limited (ITFL), a Chennai-based menswear and boyswear clothing firm, has made plans to almost double its exclusive stores to 400 by FY ’25.
Charath Narsimhan, MD and CEO, Indian Terrain, said “As a part of the longer-term plan to capture growth opportunity in the organised retail space, we are planning to take the number of EBOs to 400, most of which will be in Tier-2 and Tier-3 cities.”
He further added, “60 per cent of the new outlets would be owned by franchisees and rest by the company. Hence, it does not require huge outgo of funds.”
ITFL has also announced to explore the possibility of entering girl’s clothing segment.
It’s worth noting here that, during FY ’22, ITFL had posted a revenue of Rs. 336 crore against Rs. 213 crore in the previous fiscal year and is now aiming to clock a turnover of Rs. 500 crore by 2025.
Vidyuth Venkatesh Rajagopal, JMD, ITFL, said “The company reported a revenue of Rs. 336 crore in FY ’22. It is planning to achieve a turnover of Rs. 500 crore by March 2025. This would be done by rapidly expanding the reach of boyswear segment, brand building and brand positioning with new apparel offerings, increasing footprint across small towns, cities and geographies in India and enhancing and improving retail and online presence, amongst others.”
