CONNECT WITH US
eCommerce

eCommerce

Asian Footwears targets 25 pc growth, plans Rs 100 crore manufacturing expansion and 150 stores by FY27

ET Retail – Ecommerce logo

Published on

Add as a preferred source on Google
Asian Footwears targets 25 pc growth, plans Rs 100 crore manufacturing expansion and 150 stores by FY27

Asian Footwears targets 25 pc growth, plans Rs 100 crore manufacturing expansion and 150 stores by FY27

The company, which manufactures around 15 lakh pairs of footwear per month across 12 manufacturing units, is setting up a mega facility at the Bahadurgarh Footwear Park in Haryana. Expected to become operational by January 2027, the plant will add capacity of approximately 14 lakh pairs per month.

Asian Footwears is targeting at least 25 per cent revenue growth in FY27 after reporting a topline of around Rs 700 crore in FY26, as the 30-year-old footwear brand invests around Rs 100 crore in a new manufacturing facility and accelerates its exclusive retail expansion to 150 stores. “We are looking at growing at least 25 per cent this year. The following year, we are aiming for around 25-30 per cent year-on-year growth,” said Aayush Jindal, CEO, Asian Footwears, in an interaction with ETRetail. The company, which manufactures around 15 lakh pairs of footwear per month across 12 manufacturing units, is setting up a mega facility at the Bahadurgarh Footwear Park in Haryana. Expected to become operational by January 2027, the plant will add capacity of approximately 14 lakh pairs per month. Advt

The project involves an investment of around Rs 70-80 crore, excluding machinery, taking the overall outlay to approximately Rs 100 crore. Asian Footwears is also developing smaller shoe-upper manufacturing facilities at the same park, involving another Rs 15-20 crore investment and adding capacity of around 2 lakh pairs per month. The expansion of manufacturing unit is aimed at supporting the company's growth over the next two to two-and-a-half years.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.