Naturals targets Rs 500 cr revenue

The company is expected to have around 1,000 stores in India by the end of calendar year 2016

Unisex hair and beauty salon chain Naturals is targeting Rs 500 crore revenues this financial year, as against Rs 300 crore registered in the last fiscal.

The company, which is expanding its business overseas, is expected to have around 1,000 stores in India by the end of calendar year 2016.

After announcing a tie up with Netherlands-based premium hair care and styling products firm, Keune, to launch its organic hair care range 'So Pure Natural Balance' across its stores, CK Kumaravel, CEO and co-founder of Naturals said, "We are expecting the brand revenue of Naturals to grow to Rs 500 crore during the current fiscal year, of which, around Rs 50 crore would be the royalty revenue," said CK Kumaravel, CEO and co-founder of Naturals.
 

The company had planned to have around 3,000 stores by 2017, and expects the brand revenues to reach Rs 1,500 crore and royalty revenues at Rs 200 crore.