Libas Aims to Compete with Global Fashion Giants Zara and H&M
How the Rs 700 crore Libas brand is taking on Zara and H&M
The Economic TimesImage: The Economic Times
Libas, a fast fashion brand based in Noida, India, is transforming traditional Indian wear to compete with global players like Zara and H&M. With a projected revenue of ₹700 crore for FY25-26, the brand focuses on modernized ethnic apparel and aims to expand its presence in international markets.
- 01Libas plans to achieve ₹700 crore in revenue for FY25-26.
- 02The brand is shifting from traditional Indian wear to fast fashion to attract younger consumers.
- 03Libas operates 65-70% of its business through e-commerce.
- 04The company aims to expand its physical presence from 51 to over 100 stores in India.
- 05Libas is exploring international markets, starting with the UAE, to promote Indian fashion globally.
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Libas, a fast fashion brand headquartered in Noida, India, is redefining traditional Indian wear to compete with global giants like Zara and H&M. Founded by Sidhant Keshwani, the brand has shifted its focus to fast fashion since 2020-21, aiming to modernize Indian apparel for younger audiences. With the Indian wear market valued at $20 billion, Libas is targeting the growing demand for 'modernized ethnic' styles among Gen Z consumers. The brand's revenue from operations increased by 38% to ₹487 crore in FY24, up from ₹352 crore in FY23, and it aims for ₹700 crore in FY25-26. Currently, Libas operates 65-70% of its business online and plans to expand its physical store count from 51 to over 100. Despite challenges in supply chain due to geopolitical issues, Libas remains committed to innovating and expanding globally, starting with markets like the UAE.
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Libas's growth and expansion plans could create more job opportunities in retail and e-commerce sectors in India.
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