Libas aggregates retail footprint with 50-store expansion plan for FY27
28 March 2026, Mumbai
Bengaluru-headquartered ethnic wear powerhouse, Libas has finalized a comprehensive retail roadmap to inaugurate over 50 EBOs in FY27. This capital-intensive expansion follows a milestone year in which the brand achieved an Annual Run Rate (ARR) of Rs 1,000 crore, positioning itself as one of the first Indian direct-to-consumer (D2C) fashion labels to reach this scale while maintaining profitability.
The upcoming rollout will prioritize high-density suburban catchments in Tier-II and Tier-III state capitals, such as Lucknow and Pune, moving beyond its traditional stronghold in Delhi-NCR and Bengaluru. With average store sizes ranging from 1,200 to 1,500 sq ft, and flagships extending to 3,000 sq. ft., Libas is deploying a company-owned, company-operated (COCO) model to ensure rigorous control over consumer experience and unit economics.
Capital infusion and quick commerce integration drive growth
Fueling this physical growth is a recent Rs 150 crore funding round led by ICICI Venture, designed to insulate the brand against rising procurement costs and supply chain volatility. Strategically, Libas is also pivoting toward ‘hyperlocal’ fulfillment; the brand anticipates its quick commerce vertical will grow from 1 per cent to 10 per cent of total revenue by 2028. By converting a portion of its EBO network into dark stores, Libas aims to meet the rising demand for sub-30-minute deliveries of ethnic essentials - a move timed perfectly with the projected 7.4 per cent CAGR of the Indian ethnic wear market. As the company targets a Rs 2,000 crore turnover by FY28, leadership is concurrently evaluating an initial public offering (IPO) for late 2027 to further solidify its market-leading position.Rs 150 crore funding round
Founded in 2014, Libas transformed the unorganized ethnic segment into a data-led ‘fast fashion’ engine by launching nearly 100 new SKUs weekly. Operating across 3,300+ multi-brand outlets and a growing EBO network, the brand reached a Rs 750–800 crore revenue target in FY26. Its long-term strategy focuses on fusion-wear premiumization and global expansion.
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