Japanese apparel retailer Uniqlo is aiming to reach annual sales of Rs. 3,000 crore (US $ 342 million) in India over the next three years, after surpassing the Rs. 1,000-crore (US $ 114 million) mark in FY ’25, according to Kenji Inoue, Chief Financial and Operating Officer at Uniqlo India.
India has emerged as Uniqlo’s fastest-growing market and is considered central to parent company Fast Retailing’s plan to expand into a US $ 67.80 billion enterprise, up from its current US $ 20.30 billion.
Inoue said the company’s profit after tax for FY ’25 more than doubled to Rs. 178.4 crore (US $ 20.33 million), with a 15% margin, while revenue rose 44%. He noted that the company intends to sustain such high growth levels.
Uniqlo currently operates 16 stores in India and intends to expand that footprint to 30 in the near term. Around 15% of its products are sourced locally, a share the company plans to double to 30%. Inoue said the timeline for that target would be as early as possible, while acknowledging that not all product categories can yet be manufactured domestically.
