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Adidas does it, races past competitors

Revenue may touch Rs 1,000 cr in FY17

German sports apparels and accessories major has posted of Rs 854 crore in 2015-16, up 11.6 per cent from Rs 765 crore in 2014-2015. The company’s total (including operating and other income) was Rs 898 crore, up 11.5 per cent from the previous year’s Rs 805 crore, according to the financial numbers reviewed by Business Standard.

In FY17, Adidas’ could touch Rs 1,000-crore mark, said analysts tracking the company. Its profit before tax was Rs 61 crore in FY16, compared with Rs 56 crore in the previous year, marking a 9 per cent rise.

The company, which has 500 stores under brand and 250 under Reebok, plans to increase the franchisee count to 1,000 by 2018. It also wants to have a line of fully-owned stores by then for both the brands. Last year, India turned the corner to become the largest player in the branded sportswear market.

Adidas does it, races past competitors
According to sources, the company is planning a major expansion in India for both the brands. Last November, it was allowed to operate fully-owned stores while retaining its franchisee outlets. was the first major 100 per cent (FDI) allowed by the National Democratic Alliance government.

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Business Standard
177 22
Business Standard

Adidas does it, races past competitors

Revenue may touch Rs 1,000 cr in FY17

Karan Choudhury  |  New Delhi 

German sports apparels and accessories major has posted of Rs 854 crore in 2015-16, up 11.6 per cent from Rs 765 crore in 2014-2015. The company’s total (including operating and other income) was Rs 898 crore, up 11.5 per cent from the previous year’s Rs 805 crore, according to the financial numbers reviewed by Business Standard.

In FY17, Adidas’ could touch Rs 1,000-crore mark, said analysts tracking the company. Its profit before tax was Rs 61 crore in FY16, compared with Rs 56 crore in the previous year, marking a 9 per cent rise.



The company, which has 500 stores under brand and 250 under Reebok, plans to increase the franchisee count to 1,000 by 2018. It also wants to have a line of fully-owned stores by then for both the brands. Last year, India turned the corner to become the largest player in the branded sportswear market.

Adidas does it, races past competitors
According to sources, the company is planning a major expansion in India for both the brands. Last November, it was allowed to operate fully-owned stores while retaining its franchisee outlets. was the first major 100 per cent (FDI) allowed by the National Democratic Alliance government.

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Adidas does it, races past competitors

Revenue may touch Rs 1,000 cr in FY17

Revenue may touch Rs 1,000 cr in FY17 German sports apparels and accessories major has posted of Rs 854 crore in 2015-16, up 11.6 per cent from Rs 765 crore in 2014-2015. The company’s total (including operating and other income) was Rs 898 crore, up 11.5 per cent from the previous year’s Rs 805 crore, according to the financial numbers reviewed by Business Standard.

In FY17, Adidas’ could touch Rs 1,000-crore mark, said analysts tracking the company. Its profit before tax was Rs 61 crore in FY16, compared with Rs 56 crore in the previous year, marking a 9 per cent rise.

The company, which has 500 stores under brand and 250 under Reebok, plans to increase the franchisee count to 1,000 by 2018. It also wants to have a line of fully-owned stores by then for both the brands. Last year, India turned the corner to become the largest player in the branded sportswear market.

Adidas does it, races past competitors
According to sources, the company is planning a major expansion in India for both the brands. Last November, it was allowed to operate fully-owned stores while retaining its franchisee outlets. was the first major 100 per cent (FDI) allowed by the National Democratic Alliance government.
image
Business Standard
177 22

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