Cupid expects ₹150 cr revenue from Baazar Style Retail
AI Summary
Cupid's ambitious growth strategy, particularly with Baazar Style Retail and its international ventures, signals a robust outlook for retail investors. The projected revenue growth and expansion into new markets, especially in Africa, could enhance the company's market position and profitability. This aligns with the broader trend of Indian companies seeking to diversify and tap into international markets, making Cupid an interesting prospect for investors looking at the FMCG and healthcare sectors.
Cupid, a consumer wellness and personal care company, expects the contribution from Baazar Style Retail to touch ₹150 crore in this fiscal and gradually scale up to ₹500 crore annually in the next few years.
The company has committed investment of ₹332 crore in Baazar Style Retail, which will provide access to over 280 stores, with the network expected to cross 500 stores over the next two to three years.
Original Article
Published on Hindu BusinessLine
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