Industry And Cluster | News & Insights

A good Lifestyle helps Apparel Company close in on total sales of 2 rivals.

Published: October 7, 2019
Author: TEXTILE VALUE CHAIN

Lifestyle International’s sales grew 12% in the financial year to March.

Sales at Lifestyle International, the company that runs an eponymous department chain in India, grew 12% in the year to March 2019 to Rs 8,467 crore, closing in on the combined sales of its immediate rivals Shoppers Stop (SSL) and Future Lifestyle.

According to financials sourced from Tofler, Lifestyle International is also the most profitable retail chain in the country within the apparel and lifestyle industry with a 12-month net profit of Rs 426 crore.

Lifestyle International, part of Dubai-based entrepreneur MickyJagtiani’s Landmark Group, operates a department store chain, value format Max, and home furnishing store Home Centre. It attributed its robust growth to a host of factors including right distribution and value proposition.

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