LuLu Group retail arm to expand to 300 stores, eyes Rs 4-bn revenue by 2020

The strategy is to establish its presence in South India and move to North India with various brands

Lulu Mall in Kochi. Photo: Wikipedia

Tablez, the organised retail arm of LuLu Group International, is planning to expand its presence in India with around 300 stores by 2020. The company, which has a franchise to global brands in food, beverages, toys, lifestyle and apparels, is expecting to turn profitable next year and is targeting a revenue of Rs 4 billion by 2020, from Rs 1 billion at present.  

At present, the company has 42 stores of around six brands in its kitty and plans are to increase it to 10