Himatsingka to double sales from brands to Rs 1,200 cr by FY16

Tags: Companies
Home textiles firm Himatsingka Seide today said it is looking to double turnover from its branded portfolio to Rs 1,200 crore by next fiscal.

Himatsingka's branded portfolio consists of 10 brands, including Calvin Klein, Esprit, Barbara Barry and Bellora.

"We are focused on augmenting the strength of our branded portfolio and see several opportunities on the horizon that will help the group grow revenue streams from brands to approximately Rs 1,200 crore," Himatsingka Group Executive Director Shrikant Himatsingka said in a BSE filing.

The Rs 2,000 crore Himatsingka Group reported turnover of Rs 600 crore from its branded portfolio in 2013-14.

The filing said that the company is "exploring various initiatives to augment its brand portfolio and deepen the distribution network of these brands."

"These initiatives should potentially steer revenues from brands to approximately Rs 1,200 crore over the next two years," it added.

EDITORIAL OF THE DAY

  • The ‘new-collar’ jobs will make their presence felt as AI spreads

    For second year in a row, global elite has talked about artificial intelligence (AI), which is bound to disrupt our lives in near future.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: The cleansing & the yearning

As Twitter trolls went about their ugly business against Zaira ...

BK Chaturvedi

The politics of election

Elections in five states have been announced by the election ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...