Woodland eyes 15% growth in 2016-17

Bhubaneswar, Aug 9 (IANS) Woodland, country’s leading outdoor apparel and shoe manufacturer, aims 15 per cent growth in the current financial year 2016-17.

“Last year, the business turnover was around Rs 1,100 crore. We are constantly growing between 10-15 per cent every year and this year also we aim 10-15 per cent growth in our business,” said Harkirat Singh, Managing Director of Woodland.

He said the company is looking at expanding the business in the coming years.

On the e-commerce front, the firm has transacted 10-12 per cent growth.

On the international business, Singh said Woodland has stores in Hong Kong and is having good growth in the Middle East and the Commonwealth of Independent States (former Soviet Union states)) with 15 per cent revenue coming from exports.

He said the company is planning to expand its market in Odisha by opening three more stores in the coming years.

The stores are to be opened at Jajpur, Berhampur, and Puri. At present, Woodland has five stores in Odisha, and the total turnover of the company is about Rs 25-30 crore in the state.

–IANS

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