Page Industries plans rapid expansion, aims to be $1 billion company by 2026
The company plans to double its store count in the coming years with a focus on tier 2, 3 markets apart from the metro cities. It also plans to make significant investments to strengthen its online business.
“Our aspiration is to be a one-billion-dollar company by the year 2026, which would mean close to 2.5-2.75 times growth in the next five years for which we are working pretty hard. We are very clear as how to get there, and for that, we would continue to focus on expansion and have a better presence in India to reach more people across more markets through retail, e-commerce, omni-distribution channels," CEO and executive director, V S Ganesh, told PTI.
“We will aggressively work on expanding our footprints both on the multi-brand outlet (MBO) side and on modern trade with a lot of focus on e-commerce and omnichannel as well because those are the channels that are going to be the fast-growing ones,” he added.
For the financial year ended March 31, 2021, Page Industries had reported sales of Rs 2,833 crore. It sells through exclusive brand stores, multi-brand outlets, and e-commerce channels across India.
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