Uniqlo India eyes Rs 1,000 crore revenue in FY25 (#1681436)

Japanese apparel and lifestyle brand Uniqlo’s Indian business aims to reach a revenue total of Rs 1,000 crore in the 2025 financial year by maintaining its 30% annual growth momentum as India continues to be an important market for the global retailer.

“We have been achieving 30% growth, we feel that the potential of the market is huge,” Uniqlo India’s chief operating officer Kenji Inoue told the Press Trust of India. “We at Fast Retailing just achieved three trillion yen sales and we are now targeting 10 trillion yen, which is three times, and definitely, this market would be one of the very important markets to (achieve) that.”
 
Uniqlo India also plans to increase its local sourcing in India, India Retailing reported. The business currently sources approximately 15.5% of its products sold in India within India itself and aims to bring this to 18% by the end of the 2025 fiscal year.
 
“We have grown 30% last year [the 2024 financial year] and we are targeting a similar growth ratio,” said Inoue. “We have not seen any significant drop or any change in people’s consumption behaviour. We have been seeing strong growth.”
 
Uniqlo’s parent company Fast Retailing Co has reported annual sales of approximately $20 billion. Uniqlo counts 13 stores in India and made its brick-and-mortar debut in the country in 2019.