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

The company reported turnover of Rs 600 crore from its branded portfolio in 2013-14

Image
Press Trust of India New Delhi
Last Updated : Sep 03 2014 | 3:05 PM IST
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.

Also Read

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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2014 | 2:16 PM IST

Next Story