Delhi-based chain of floral boutiques Ferns ‘N’ Petals will add 30 more outlets in the next financial year to its existing 92 stores.
“Our growth plans have not been affected by the slowdown and we plan to open 30 more outlets by March 2009,” Pawan Gadia, vice-president, Ferns ‘N’ Petals, told Business Standard.
For the current fiscal year, the company is targeting a turnover of Rs 40 crore. Besides, the company is eyeing a business of over Rs 50 lakh on the back of Lok Sabha elections, including supply of bulk flowers and stage decoration, Gadia added.
The company procures 80 per cent of flowers, including roses, from within India, while 20 per cent — mainly orchids and tulips — is imported from China and Thailand.
Ferns ‘N’ Petals opened a franchisee outlet here recently.