Indian fashion brand Madame announced its annual turnover report for the fiscal year 2022-23 and the brand is over the moon for closing at Rs. 350 crores. Madame has embarked its competitive journey as a major key player in the fashion industry.
The company firmly believes that its future expansion of adding 12 more stores will show a good jump of Rs. 100 crore in its annual growth for FY 2023-24 rounding at about Rs. 470 crore and bringing the total retail presence to an even 200.
Madame is bent on expanding its retail reach in the southern and western part of India. They owe this growth to the company’s strong business sense and ability to provide its customers with new and quality fashion products.
Akhil Jain, Executive Director at Jain Amar expressed his excitement for the future of Madame. He further continued shedding light on expanding retail footprint and building a stronger e-commerce presence.
In addition to retail, Madame is set on increasing its e-commerce contribution from 8 per cent to 10 per cent by the year 2024. The success for that can be pinpointed on Madame’s clear vision for the future, its affordable pricing, and the use of latest technology.
Bharat Tex Special Report 2026 
