Nicobar targets ₹1,000 crore revenue in 5-6 years
In short
Nicobar wants to reach ₹1,000 crore in revenue in 5 to 6 years. The brand is also looking for 25% to 30% revenue growth this year and plans to open 7 to 10 new stores each year.
What the reporting says
Nicobar is targeting ₹1,000 crore in revenue over the next 5 to 6 years, while also aiming for 25% to 30% growth this year. The lifestyle brand plans to add seven to ten stores annually and expand into retail and corporate gifting.
Why it matters
Nicobar is setting a longer-term revenue goal of ₹1,000 crore while aiming for 25% to 30% growth this year. The brand plans to add seven to ten stores annually and expand both retail and corporate gifting. Internal cash flows are expected to fund the growth plan, indicating a self-financed expansion strategy for the lifestyle company.