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Turtle Clothing reports strong growth and expansion plans

Turtle Clothing, a prominent West Bengal-based menswear brand, celebrates over 30 years of growth, primarily targeting men aged 22-45 across Tier-I, II, III cities in India. The brand has established a robust retail presence with over 168 exclusive stores and more than 1,500 multi-brand outlets and 1,300 large-format stores across 400 cities.
In FY23, Turtle reported 85 per cent year-on-year increase in total operating income, reaching Rs 404.19 crore, up from Rs 217.94 crore in FY22. This rise is attributed to increased sales volume from new showroom openings and higher demand post- pandemic. Turtle offers a diverse range of affordable menswear, including shirts, trousers, T-shirts, and denim.
To enhance its production capabilities, Turtle plans to increase sourcing from Bangladesh, leveraging its geographical proximity to the country. The Bangladeshi garment industry excels in producing essential items like shirts and T-shirts, aligning with Turtle's key product lines. As the brand continues to expand, increased sourcing is expected to support future growth while maintaining competitive pricing against established foreign brands in the Indian market.

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Mismatchd launches eco-conscious womenswear with e-commerce store

New womenswear brand Mismatchd has launched an e-commerce store offering eco-friendly garments in eclectic styles, focusing on no-waste production and low inventory.
The debut collection includes versatile dresses and tops with bold patterns.
The brand offers 5 per cent off first orders and plans future offline expansion across India.

Mismatchd launches eco-conscious womenswear with e-commerce store

Indian retail apparel sector projects 8-10% revenue growth - Report

The Indian organized retail apparel sector is expected to grow by 8-10 per cent in revenue this fiscal year, driven by robust demand from a normal monsoon, easing inflation, and the upcoming festive and wedding seasons. A Crisil Ratings report highlights that retailers are adapting their strategies to enhance supply chain efficiency and respond to the rising preference for fast fashion.
Retailers are focused on improving efficiencies at existing stores and managing costs while limiting external debt to sustain operating margins between 7.2 per cent and 7.4 per cent. The mass market segment now constitutes 60 per cent of total sales, up from 56 per cent pre-pandemic, with fast fashion being a key revenue driver.
In addition to the rise in demand for premium clothing during festive periods, the report notes a shift in consumer spending toward travel and luxury goods in urban areas. Consequently, retailers are cautious about expansion in these regions while targeting tier 2 and 3 cities, where organised retail is on the rise. However, overall area expansion is expected to be lower this year, with a projected addition of 2.2 million square feet compared to 3.6 million last fiscal.

Indian retail apparel sector projects 8-10% revenue growth - Report

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