“Of the new stores planned, around 15 will be opened down south, in cities like Visakhapatnam, Vijayawada, Nellore, Gulbarga and Hubli. Each of the proposed outlets will have a typical carpet area of between 800 sft and 1,200 sft, and is expected to generate revenues of between Rs 75 lakh and Rs 80 lakh a year,” he told mediapersons here.
The 20-year-old company has nine stores across the four southern states, including four in Hyderabad. Its stores in Hyderabad contribute six-seven per cent to its overall sales, Pandey said.
"We have been witnessing a 20 per cent growth in business year-on-year. We expect our revenues to touch Rs 150 crore this financial year, as against Rs 125 crore last year, and reach Rs 200 crore by March 2015," he added.