Mafatlal Industries Ltd. (MIL), the flagship company of Arvind Mafatlal Group, is targeting the market for uniforms to touch ₹1,000 crore sales by 2020-21, a top official said.
“We have drawn up plans to touch ₹1,000 crore in four years. Corporate uniform garments account for 70 per cent of sales and it will come down to 60 per cent as there is a spurt in school uniform garments volume. We have two manufacturing units in Gujarat that have adequate capacities to meet the future needs. Over the last two financial years, we had invested close to ₹300 crore on capex in these units,” said M.B. Raghunath, President, Sales and Marketing, MIL.
“The market size for Indian uniform garments is pegged at ₹12,000 crore and it is growing by 10 per cent per annum. The uniform garment sector is also witnessing a 10–15 per cent year-on-year growth. While we see a replacement for uniform garments once in every two-three years, corporate/institutions take a longer time,” he said.
MIL makes ten crore metres per annum of which school and corporate uniform garments comprise about 50 per cent. The company is expected to close 2016-17 with a sales income of ₹625 crore against ₹545 crore registered in the corresponding year-ago period.
To sell online
MIL will start selling corporate and school uniform garments through an e-commerce portal from April 2017 onwards. “We will start offering it through our own portal. It will take a while as we have to load huge content for over 4,000 schools and colleges,” he said.
