Online women’s fashion brand The Loom, plans to increase its revenues from Rs 120 crore in the last fiscal to Rs 200 crore this fiscal. Around 10 per cent of its revenue will be achieved from the offline channel, say KomalGoel and AmanGoel, Co-founders. It currently earns 15 per cent of its revenues from international orders, they add.
The brand recently opened its first store in Delhi. It plans to expand further by opening five company-owned and company-operated stores in Delhi, Noida, Gurgaon, Bengaluru and Mumbai.
By the end of the next fiscal, The Loom aims to take its total storecount to 25. Each of these stores will span across 1,000 sq ft-1,500 sqft and entail and investment of Rs 1 crore each. They will stock 400-500 products from the curated marketplace that offers 40,000 handpicked products from over 1,000 designers along with its private label.
Apart from this, the brand also plans to expand its production unit in Delhi to 40,000 sq from the current 22,000 sqft by January 2025. The production capacity of this unit will be expanded from 15,000-20,000 products per month to 50,000-600, 000 with an investment of Rs 3 crore.
Currently, The Loom enjoys an EBITDA of 12-15 per cent. It plans to seek strategic investments for future offline expansion.
