Madame eyes over Rs 350 crore turnover in FY'22-23
30 August 2022, Mumbai
Having performed exceptionally well in the first quarter of current fiscal 2022-23, India’s leading western wear fashion brand, Madame is eyeing an overall turnover of more than Rs 350 crore.
As per a UNI News report, the brand achieved a turnover of over Rs 270 crore in the financial year 2021-22. It expects this to increase by 25 to 40 percent owing to the constant innovation and adapting to the customer’s needs.
This year, Madame has also signed film celebrity Tara Sutaria as the brand ambassador for promoting its products and plans to go global in the next three to four years.
In the short run, the brand is focusing its attention on expanding its presence in places like Gujarat, Maharashtra, Goa, Karnataka, Kerala, Bihar, and Jharkhand through first-priority sales. The company also plans to launch its omnichannel operations in Q4 and open exclusive Glamly stores in different locations soon.
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