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From 50 to 500 stores: Neeman’s plans 10X retail expansion, eyes Rs 1,000 crore business by FY30

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From 50 to 500 stores: Neeman’s plans 10X retail expansion, eyes Rs 1,000 crore business by FY30

From 50 to 500 stores: Neeman’s plans 10X retail expansion, eyes Rs 1,000 crore business by FY30

Neeman’s targets an impressive revenue goal of Rs 1,000 crore by FY30 and plans to roll out 500 exclusive stores. The strategy includes opening five to ten new locations every month, predominantly through company-owned ventures to enhance customer experience. With current profitability, Neeman’s expects retail to contribute 40 percent to its revenue in three years.

Neeman’s is targeting Rs 1,000 crore in revenue by FY30 and plans to expand its exclusive store network to 500 outlets over the next three to four years, as the sustainable footwear brand shifts into an aggressive retail expansion phase after turning profitable. The company, which reported revenue of Rs 185 crore in FY26, expects to close the current fiscal at around Rs 350 crore, followed by Rs 500 crore in FY28 and Rs 750 crore in FY29, before reaching the Rs 1,000 crore milestone in FY30. “We are already profitable this year, and we are not bleeding,” Amar Preet Singh , co-founder and COO of Neeman’s, told ETRetail. The brand is targeting an EBITDA margin of around 5–8 per cent this fiscal, compared with a (-) 6 per cent EBITDA margin in FY26. Advt

Having opened its first physical store in 2023, Neeman’s has grown to around 50 outlets in 2026. It now plans to add at least 50–100 stores annually, with a target of opening five to 10 stores every month. “From the current year, we are looking at at least five to 10 stores opening every month,” Singh said.


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