Aristobrat to go offline with three brick-and-mortar stores this financial year
17 August 2024, Mumbai
Making its offline debut, direct-to-customer menswear brand Aristobrat plans to open three brick-and-mortar stores on high streets in major Indian metros this financial year. Known for its smart casual wear, the brand also aims to grow its revenue by 100 per cent in FY25.
The brand will open first of its stores in Bengaluru, notes Karan Singh, Founder and CEO. This will be followed bya second store in Hyderabad, acity that sees a high average order value. The third store will be opened in Mumbai, where the brand experiences significant sales volume, adds Singh
Aristobrati dentifies Mumbai, Hyderabad, Punjab, and Chandigarh as key markets with strong demand. The brand is also witnessing a rise in non-metro shoppers, reflecting a broader trend of increased consumer demand for branded apparel in Tier II cities and beyond, driven by higher disposable incomes and greater internet penetration.
Having ended FY 2024 with approximately Rs 15 crore in revenue and an EBITDA margin of about 17 per cent, Aristobrat aims to double its revenues this financial year. The brand also aims to grow its revenues to Rs 60 crore in the next three years, affirms Singh.
