"We have planned to open 20 stores each year in the domestic and international market. By 2011, we will add 60 new outlets," Kaya Skin Clinic CEO Rakesh Pandey told PTI on the sidelines of a Technopak Marketing Summit here.
On investment in setting up the outlets, he said the company would spend Rs 1-1.5 crore in each store.
"...Overall we will invest over Rs 60 crore in setting up the outlets, which will completely be owned by us," Pandey said.
Kaya Skin Care currently has 56 clinics in the country and nine in the overseas markets.
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The company would set up 24 new stores during the current financial year, 19 in the domestic and five in the international markets.
"We are already present in UAE and now planning to expand to other West Asia markets," Pandey said, adding the company would launch three clinics in Saudi Arabia this financial year.
Kaya Skin Care is targeting a 50 per cent jump in its revenue during the current fiscal. "In 2007-08, we had an income of about Rs 100 crore and we are expecting a 50 per cent jump in our revenue this fiscal," Pandey said.