Despite a tough market scenario Arvind Lifestyle Brands which houses brands like Gap, Sephora and US Polo Association expects to hit revenues of Rs 5,000 crore by 2020.
CNBC-TV18’s Priya Sheth caught up with J Suresh, MD & CEO, Arvind Lifestyle Brands to discuss growth drivers and profitability of the company.
I think it is a difficult and a peculiar year, things were very good till December. January onwards, market has been a bit tough, he said.
We still will deliver more than 15 percent growth rate but it is a bit of a tough market condition more from the retail point of view, he added.
We are reaching Rs 4,000 crore of revenue this year and we were Rs 3,000 crore of revenues last year. So we have two more years to add another Rs 1,000 crore, that should be easily possible, said Suresh.