"We closed last financial year at Rs 3.5 billion. With the new collaboration, we expect to close FY19 at Rs 4.5-5 billion, and touch Rs 10 billion by FY20," Davda told PTI.
The company presently have 32 stores across Mumbai, Pune and Bengaluru, and plans to add another 12-15 own stores in these cities, she said.
It has also added another 12 stores under Magsons in Goa through the collaboration.
Davda said the company will also consider co-branding in an year's time, after seeing how this transition goes.
It will also focus on the omni-channel model, she added.
"The company expects this national expansion strategy to steer the path for better deployment of capital between growth through expansion and collaboration with key regional players," a release said today.
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