01 June 2023, Mumbai
Madame, a leading women's fashion brand, is thrilled to announce its robust annual growth for the fiscal year 2022-23 and its strategic vision for future expansion.
With an impressive annual turnover of Rs. 370 crores, the company has solidified its position as a key player in the highly competitive fashion industry.
Building upon this success, Madame aims to achieve even greater milestones in the upcoming years. Projected to reach a turnover of Rs. 470 crore in 2023-24, the company is poised for exponential growth, reflecting its strong business strategies and unwavering commitment to delivering exceptional fashion experiences to its customers.
To fuel its future growth, Madame is focusing on expanding its retail presence in the South and West regions of India. In the fiscal year 2023-24, the company plans to add approximately 12 stores across eight important cities in these regions, bringing the total number of exclusive stand-alone stores to 200.
This expansion will further strengthen Madame's position as a leading fashion brand.
"We are excited about the future prospects of Madame and the growth opportunities that lie ahead," said Mr. Akhil Jain, Executive Director at Jain Amar.
"Our unwavering commitment to excellence, coupled with our focus on expanding our retail footprint and strengthening our e-commerce presence, will be instrumental in achieving our ambitious goals. We remain dedicated to providing fashion-forward women with unparalleled choices and an exceptional shopping experience."
Embracing the power of e-commerce, Madame has set a benchmark for the industry with its innovative approach. Currently contributing 8% to the company's turnover, e-commerce is expected to reach 10% by 2024.
With its intuitive consumer interface, captivating in-store experience, and focus on affordability, Madame has established itself as a trendsetter in the e-commerce space.
Madame's business model showcases its ability to stay ahead of market trends and lead industry-wide changes. The company embraces the latest technology and consistently delivers the hottest global trends to consumers at affordable price points. By keeping pace with the ever-evolving fashion landscape, the brand has positioned itself for sustained success.
With an impressive track record of success and a clear vision for the future, Madame is well-positioned to capitalize on emerging market trends and continue its upward trajectory.
As the company sets its sights on reaching new milestones, stakeholders, including customers, investors, and employees, can expect Madame to remain at the forefront of the fashion industry, setting new standards of innovation and success.
