Key facts
- Uniqlo plans to expand its store count in India to over 100 within five years.
- The Japanese apparel retailer currently operates 13 stores in India.
- Uniqlo India's income rose 32% to ₹823.4 crore in fiscal 2024.
- Profit increased 24% to ₹85.3 crore in fiscal 2024.
- The company has reactivated its expansion plans for 2025, including a new store in Bengaluru.
Japanese casual clothing retailer Uniqlo is significantly accelerating its expansion in India, with plans to increase its store count to over 100 within the next five years. This ambitious growth strategy follows a period of steady establishment since its entry into the Indian market in 2019, where it currently operates 13 stores.
Uniqlo India has demonstrated strong financial performance, reporting a 32% increase in income to ₹823.4 crore and a 24% rise in profit to ₹85.3 crore for fiscal year 2024. Company executives express increased confidence in future expansion, particularly after successful entry into markets like Mumbai and Bengaluru, with plans to open a new store in Bengaluru soon.
The company's focus remains solely on expanding the Uniqlo brand in India, with no immediate plans to introduce other Fast Retailing brands. Uniqlo's functional 'LifeWear' clothing, including items like HEATTECH and AIRism, has resonated with Indian consumers, shielding the brand from broader market slowdowns affecting apparel retailers.