Spykar is known primarily for men’s casual wear, particularly denims. Nearly 82 per cent of its turnover comes from menswear, while womenswear and accessories account for 12 per cent and 6 per cent, respectively.
According to Sanjay Vakharia, COO, the company will look to take up womenswear contribution between 20 and 22 per cent by 2020. Menswear is expected to contribute 72 per cent and the remaining will come from accessories.
“We are looking to increase the share of womenswear to 20-22 per cent of our turnover. It has a huge potential to grow,” he told the Hindu BusinessLine.
The womenswear range will be denim-centric and include skirts, tops, dresses and shirts.
The company is also looking to clock a turnover of ₹ 300 crore by this fiscal against ₹242 crore in FY-16.
Started in 1992, Spykar Lifestyles has a presence across 1,200-odd ‘mom & pop’ stores, apart from organised retail chains. It also has around 200-210 exclusive brand outlets across the country, which it would look to take up to 400 by 2020.
