Uniqlo aims to triple India revenue to ₹3,000 crore, double stores in 3 years

Japanese retailer Uniqlo, a part of the fast retail group, increases its revenues in the Indian market for more than twice the number of stores and for the next three years.

A senior manager of this expansion, daily clothing retailer is directed by the company’s increasing confidence in the opening of stores in new markets.

“We focused on the North (India) in the first four years – so our expansion was so fast, Ken said Uniqlo India, Cfo & Coo, Kenji Inoue. Mint On Monday. “But now we are in the West, but it will expand our expansion forward. La3,000 Crore in the next three years. “

In 2019, Uniqlo entered India with his first store in Delhi in 2019 and now runs 16 stores in the country.

In the financial year of 2025, Uniqlo reported a leap of 44% in India Revenue La1,100 crore per company. Growth was managed by retail expansion, increasing brand awareness and a strong e-commerce increase. The company’s profit after tax increased for more than 25 financial years La178.4 Crore.

“Our existing stores and e-commerce are growing very quickly because we are not too connected to the opening of a series of stores. One of the criteria will double the number of stores compared to the number of stores,” he said.

The retailer was largely focused on opening stores in the north because he carried a larger part of winter clothes. However, it has expanded since then. In 2023, he entered the Mumbai market, which showed a ‘strong’ response.

South push

“We have more confidence to expand our business to the south.” Uniqlo will open his first store in Bengaluru this week – expanding its existence for the first time in Southern India. He’il get into Pune next month.

The Indian market is important for the growth of rapid retailing.

“Considering the size of the market and the growth rate and how our life erosion is accepted by Indian customers and the ratio again-there is a great potential in this market. He said.

Comments come because the wider retail industry is slowing down due to more competition than new brands offering more options to consumers.

India’s fast fashion market has grown by 30-40% annually in 24 financial years. Currently worth $ 10 billion and Deloitte’s estimates, according to the 31 financial year is expected to touch $ 50 billion.

The latest financial, rival Zara, a part of Spanish Inditex, which operates in India through Tata Group’s Trent Ltd, reported a 2.3% leap in total income. La2.839.5 Crore. H&M India reported 11.4% revenue increase in 24 financial years. La3,278 Crore.

Profit acceleration

Inoue said the company focuses on the right product market harmony by taking clothes towards each market.

“Our profit has doubled, that is, we do not enter the discount business, but we are moving away from the discount. We listen to our customers. We take action to provide better service and experience. This includes the right product mixture; when it has products they want to have customer storage or e-commerce,” he added.

The Fast Retail Group, the global developer of fashion brands, including Uniqlo, GU and theory, generated 3,2038 trillion revenue for the year ending 2024 August (FY2024). The group’s Uniqlo brand has 2,495 stores worldwide and 2,6440 trillion ¥ 24 sales.

Fast retail sales announced a long -term annual target for 10 trillion sales.

E-commerce contributes to 15% of the company’s sales in India and increases steadily.