Target 65,000 outlets of Vakrangee Kendra by March 2019: Vakrangee

Vakrangee posted its Q2 earnings. The revenue is up nearly 20 percent and the margins have also expanded for the company this quarter.

In an interview with CNBC-TV18, Ammeet Sabarwal, President Investor Relations at Vakrangee discussed his company’s Q2 performance.

Company’s revenues have increased by almost 60 percent to Rs 1,550 crore on year-on-year (YoY) basis, he said.

Kendra business, the retail outlet based business, contributes more than 90 percent of the revenues, he added.

As on September 30, we have now crossed more than 40,000 Vakrangee Kendras and our current March 2018 target is around 50,000 outlets and March 2019 target is around 65,000 outlets, said Sabarwal.

For full interview, watch accompanying video...