The branded apparel market in India is expected to witness a positive growth over the next few years, though the organised apparel retail in India has been struggling with sluggish growth.
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Private equity firms Warburg Pincus and Faering Capital have invested Rs 300 crore in Biba Apparels, a women and girls ethnic apparel brand. Biba will be using the investment for adding 200 stores in the next three to four years.
Zodiac Clothing Company Ltd has reported net sales/income from operations of Rs 102.32 crore for the quarter ended September 30, 2013 against Rs 78.21 crore for the quarter ended September 30, 2012.
Helped by the robust volumes growth and ability to raise prices despite a slowing economy