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    Mafatlal forays in school uniform biz

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    Textile major , a flagship company of Arvind Mafatlal Group, is targeting a turnover of Rs 1 billion in FY ’09-10 in its school uniform business by expanding its presence in metros, according to a company official.

    Mafatlal Group to enter into apparel business
    Mafatlal Industries was a popular and leading brand of yesteryear and now the company wants to restore the same old glory

    “Last year, the company had clocked a turnover of Rs 5.5 billion in its garment business. We are targeting a turnover of Rs 1 billion by the end of fiscal 2010 in the school uniform segment,” said , vice-president (sales and marketing), Mafatlal Industries.

    The company has forayed into the school uniform market in the country under the brand Wonder Years. “The Indian school uniform market size is around Rs 100 billion and is growing at an annual rate of more than 30 per cent,” added MB.

    The company is now focusing on Mumbai, Delhi, Kolkata and Chennai market to expand its branded garments segment. “For the year ending March 2009, its turnover target stands at Rs 575 crore,” concluded M B.

    — IndiaRetailing Bureau