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Business EconomyPosted at: Jun 1 2023 2:44PM


Madame eyes Rs 470 cr revenue in FY24

Hyderabad, Jun 1 (UNI) Madame, a leading women's fashion brand, on Thursday, announced its target Rs 470 crore turnover in 2023-24 against the current annual turnover of Rs 370 crore.
To fuel its future growth, focus on expanding its retail presence in the South and West regions of India, the company said in a statement here.
In the fiscal year 2023-24, the company plans to add approximately 12 stores across eight important cities in these regions. This expansion will bring the total number of exclusive stand-alone stores to 200, further strengthening Madame’s position as a leading fashion brand, said Akhil Jain, Executive Director at Jain Amar.
Our unwavering commitment to excellence, coupled with our focus on expanding our retail footprint and strengthening our e-commerce presence, will be instrumental in achieving our ambitious goals, he said.
Currently contributing 8 per cent to the company's turnover, e-commerce is expected to reach 10 per cent by 2024, he added.
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