The maker of W and Aurelia brands, which posted a 65 per cent growth in sales for FY16 at Rs 591 crore, is expecting a threefold jump in revenues in five years.
The fast-food chain expects to open enough restaurants in India in two to three years to cover overheads and infrastructure expenses and become profitable at company level.
This joint venture is also a step towards making a radical shift in people's perception of Khadi from a fabric that stands for nationalism to a fabric that stands for fashion.
The lack of supply of new notes coupled with the desire of buyers to hold on to their kitty of new notes resulted in retailers' sales falling by 60-80%.
Estee Lauder is localising products, strategies to make use of the unique opportunity here.
While makers of discretionary products are hit the most as consumers look to save cash and are spending mostly on necessities, others too are feeling the heat.
The retailer that owns 800-odd stores including Big Bazaar, Easyday, Nilgiri's and Heritage Fresh has introduced a flat 5% additional discount on all food and grocery purchases.
Although GST is going to simplify and clean things in the next few years, it is not going to happen overnight, said Robinson Brown.
Currently, the retailer has nearly 70 days each season or about 140 days annually as sale period, which it will start shedding starting the autumnwinter sale in the next few weeks.
Company plans to set up a brewery to support sales and compensate for shutting down an operational plant in Bihar after the state introduced prohibition.
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