Snitch, a prominent player in the market, has witnessed an extraordinary surge in its financial performance, reporting an astonishing 250 per cent growth in revenue from Rs. 44 crore in the previous fiscal year, the company’s revenue soared to an impressive Rs. 120 crore in FY ’22-23.
With such remarkable progress, Snitch now sets its sights on even greater success, aiming to double its revenue to a staggering Rs. 240 crore in FY ’23-24. The company’s exponential growth is further highlighted by a tenfold increase in profits, demonstrating its exceptional ability to capitalise on market opportunities.
Moreover, Snitch has experienced three times the revenue growth since the previous year, a testament to its robust business strategy and adaptability in an ever-evolving market. Celebrating another significant achievement, the company proudly surpassed the milestone of over one million orders within the last year alone, showcasing its growing customer base and their trust in the brand.
Furthermore, Snitch has achieved an impressive milestone of 1.5 million app downloads, highlighting its popularity and customer engagement. With these outstanding accomplishments and ambitious goals, Snitch solidifies its position as a key player in the industry and sets the stage for continued success in the coming years.
Commenting on the development, Mr. Siddharth R Dungarwal, CEO and Founder, Snitch, says, “Our Company has witnessed rapid acceleration of growth over the recent years, and we are committed to move forward with the same vigour. Especially, with our focused mission to change the outlook of the Men’s fashion industry, we are strategically capitalising on fast fashion trends that truly make us stand apart from the rest of the world. The next financial year looks even more promising to bring even larger opportunities for Snitch and we are geared up for the same.”
Snitch, a 2019-founded menswear D2C fashion brand, creates sustainable and thoughtful collections keeping in mind the newest trends. Additionally, Snitch Plus is a collection offering plus sizes that make a bold fashion statement for men of all sizes while bringing out the best in their personalities through the transforming power of clothing. The brand offers an extensive assortment of everyday style essentials, such as formal shirts, partywear, leisurewear, athleisure wear etc.
