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Tablez India targets Rs 500 crore turnover in 5 years

  

Tablez India targets Rs 500 crore turnover in 5 years

 

Multi-brand retail Chain Tablez India aims to achieve a turnover of around Rs 500 crore and expand its network to around 250 stores in India over the next five years, says an Economic Times report.

A subsidiary of the UAE-based conglomerate Lulu Group, Tablez India currently operates 67 stores. The retailer plans to invest around Rs 75 crore every year to expand its retail footprint in the country.

The company aims to boost its presence in digital and e-commerce space as well as physical stores by FY 2026. It will invest around Rs 70 to Rs 75 crore a year for this. Its investments in brands will be re-calibrated post-2021 as per strategy.

The company would fund its expansion through equities as it's a family-owned enterprise. It is also open to expand in other parts of the country. This year, it expects to achieve a turnover of Rs 100 crore.

Tablez India, which launched its operations five years ago in India, operates in retail and food and beverages segments.

Its portfolio consists of brands such as -- Toys "R" Us, Babies "R" Us, Build-A-Bear, GO Sport, and YOYOSO. In the F&B vertical, Tablez holds India franchise rights for Cold Stone Creamery and Galito's, in addition to its home-grown brand, Bloomsbury's.

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