Stories
Libas Eyes 2X Festive Revenue Jump, Targets ‘1,000 Cr by FY27’
- •Libas projects a near 2X revenue jump in October compared to September, driven by festive demand for Indian and occasion wear.
- •The company aims for over ‘1,000 crore in FY27 revenue, with the festive season central to its growth strategy.
- •Marketing investment will increase by 40-50% during the festive period, with 90% of spending directed towards digital platforms.
- •Libas is rapidly expanding its quick-commerce presence and plans to launch its own D2C quick-commerce offering.
- •The brand is expanding its store network, focusing on North and South India, and seeing strong demand from Tier 2 and Tier 3 markets.
Key Questions Answered
Libas closed FY26 at approximately Rs 730 crore and is aiming for over Rs 1,000 crore in revenue for FY27. For the upcoming festive season, CEO Sidhant Keshwani projects a 2X revenue jump in October compared to September, with overall festive revenue expected to grow 42–45% year-on-year.
Libas currently operates around 55 stores and plans to add 20 stores this year to reach approximately 75 outlets, followed by another 50 stores next year. In quick commerce, the brand operates on platforms like Zepto, Instamart, and Myntra’s 60-minute delivery, and it is preparing to launch a proprietary D2C quick-commerce offering targeting major metros.
Libas is aiming for a public listing by the early part of next fiscal year as it accelerates its retail store expansion. However, top executives noted that market volatility, geopolitical shocks, and regional tensions could potentially delay the IPO by a few months.
