Menswear brand Indian Terrain plans to double its revenue to Rs 650 crore in three years. The brand also plans to expand its retail outlets from 150 to 300 across the country. The bulk of the expansion will be through the franchisee route. The company will expand into markets across India.
The company closed the last fiscal with a turnover of about Rs 422.37 crore and net profit of Rs 25.71 crore as against a turnover of Rs 401.45 crore and a net profit of Rs 25.44 crore recorded in the year-ago period. The company derives about 14 per cent of its turnover through online sales and is expected to double its revenue through its own web platform, the revenue is expected to increase this year.