Lifestyle International

Retail store chain Lifestyle International Ltd, part of Dubai-based retail and hospitality conglomerate Landmark Group, has reported a jump in its net profit to Rs 700 crore for FY23, according to data accessed by business intelligence platform Tofler. Besides, revenue from operations of Lifestyle International also rose 49.5 per cent to Rs 11,672 crore for the financial year that ended on March 31, 2023. The company operates retail stores under the brand names - Lifestyle Stores (large format departmental stores), Home Centre (home improvement stores) and Max (value fashion chain) along with international fashion apparel brands Bossini and Kappa. Its net profit for the financial year 2021-22 was Rs 269 crore and revenue from the operations stood at Rs 7,806 crore. The total revenue of Lifestyle International for FY 2022-23 was Rs 11,810 crore. Its total expenses were at Rs 10,877 crore, up 40.73 per cent for the financial year ended on March 31, 2023.

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Lifestyle International Pvt Ltd, part of Dubai-based retail and hospitality conglomerate Landmark Group, is expected to reach a size of Rs 100 billion by 2020 in India and will establish its presence in a total of 250 cities in the country in next two to three years. Max, the value fashion retail chain under Lifestyle International is expecting to cross $1 billion by the year 2022, said senior official from the company.The businesses under Lifestyle International includes the large format departmental stores Lifestyle, the value fashion retail chain Max, home improvement stores Home Centre and a younger value format retail store Easy Buy which looks at tier II and metro suburbs with a 5,000 sq ft space format."In 2017-18 between Lifestyle, Max, Home Centre and Easybuy Lifestyle International Pvt Ltd as a company, we have done close to about Rs 67 billion. This year we will be above Rs 90 billion and if not this year, next we will be Rs 100 billion. Our target is to touch Rs 150 ...