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H&M India eyes Rs 2,000-cr turnover, likely to maintain 40% growth rate

Last year, H&M had grown top line at the rate of 43 per cent per annum, touching Rs 1,490 crore, Einola said, ahead of the 29 per cent top line growth it had achieved in 2018.

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H&M will also launch a Sabyasachi Mukherjee collection in April, including western and Indian wear such as saris.

3 min read Last Updated : Feb 26 2020 | 11:22 PM IST

The world’s second-largest fashion retailer Hennes & Mauritz (H&M) is targeting Rs 2,000 crore in turnover from India, its fastest-growing emerging market, Janne Einola, country head of H&M India, said.

The retailer, which competes globally with Inditex’s Zara, the world’s largest fashion company, is likely to achieve the target by the end of this calendar year (CY), Einola said, driven by a greater online and offline push, local collaborations and affordable merchandise. H&M follows a December to November accounting year. It has 47 stores in India.

H&M, said retail experts, would maintain its over 40 per cent rate of growth

Topics : H&M India H&M profit

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