Max aims Rs 5000 cr topline in 3yrs

International Max Fashion is expecting 25-30 per cent CAGR and aiming for Rs 5000 crore topline in the next three to four years.
"We will able to retain 25-30 per cent growth rate over the next few years. We are aiming for Rs 5,000 crore topline in the next three-four years," Max Fashion executive director Vasanth Kumar said told PTI here.
He said the value fashion brand is targeting to end the current fiscal with about Rs 3000 crore, compared to Rs 2400 crore achieved in 2016-17.
In the eastern region the company is raking in a growth of about 50 per cent compared to the national average of 30 per cent.

"A lot of potential is yet to be tapped in this region. I beleive India, which contributes 25 per cent of global Max turnover, will grow to 50 per cent in the next 10 years," he said.
Globally, Max operates about 350 stores across 16 countries. It is the only mono-private label across 199 stores in India and 97 per cent of them have been profitable in their almost 10-year journey in India, Kumar said.

Asked about plans to open new stores, he said the company will continue to open some 50 stores a year.
Max is focussed in fashion for young families and youngsters and its affordable pricing strategy has helped the company to grow in tandem.

GST has not dented much though the brand faced some supply issues which had been ironed out, he said.