Latest news with #SankarChatterjee
Time of India
5 days ago
- Business
- Time of India
Decathlon India eyes nearly $1 bn sales in next 5 years with double-digit growth
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Services 1. Decathlon India eyes nearly $1 bn sales in next 5 years with double-digit growth Tired of too many ads? Remove Ads French sports goods retailer Decathlon plans to reach nearly a billion-dollar sales in the Indian sports market over the next five years, helped by the expansion of its retail channels and product portfolio and growing sports culture in the country, its India Chief Executive Officer Sankar Chatterjee has which currently operates 132 stores in 55 cities across India, plans to expand its retail footprint to over 90 cities by 2030 and plans to register a revenue of around Rs 8,000 crore by then."We are looking towards a double-digit growth in terms of our revenue year by year. After having a double-digit growth for the next five years, we believe that we will be able to get a significant market share in the sports market in India ," Chatterjee FY24, Decathlon Sports India Pvt Ltd reported its revenue from operations at Rs 4,008.26 crore and returned to asked whether Decathlon Sports India aspires to be billion billion-dollar company in the next four to five years, the chief executive said: "That's our target"."In the next five years, we will be looking towards a number (revenue) which is a little more than Rs 7,500 crore and 8,000 crore," he that the current market condition is very agile, he said Decathlon has started navigating for the very long run in the country."But at the same time, we are looking towards a consistent double-digit growth in the Indian segment in the next five years, which will help us to reach a significant number, and take more market share in the sports segment for India," he to Chatterjee, Decathlon has "big plans for India", where it has increased local sourcing to 70 per cent, intending to step it further to 90 per cent by 2030."India is an important country for Decathlon, we are looking towards a double-digit growth year by year, over the next five years, and at the same time, we are scaling with 10 to 15 stores in a year," he as per its retail growth strategy, it is not only focusing majorly on metropolitan cities, especially the top seven, but also entering into smaller tier II and III cities, which have a good sports company has opened stores in small places as Prayagraj (UP), Kolhapur (Maharashtra), Solan (Himachal Pradesh), Udaipur (Rajasthan), besides in metro cities like Phoenix Marketcity in Kurla, Mumbai and Pondy Bazaar, Chennai."So, we are looking towards opening in different cities, also concentrating on existing cities and scale up," he said, adding that "we are opening more stores, penetrating more with digital at the same time, opening new geography".Decathlon is focusing on places where sports awareness is high, such as Panipat in Haryana and Chandigarh, where it has opened stores. Besides, it is also planning to open more stores in the Northeast region."We believe that the top 50 cities of India have a real potential for sports, where the government wants to penetrate, and we have quite a lot of success in those new geographies," he Decathlon is also looking at the omnichannel system, strategically integrating its online platforms and offline retail asked about the growth of online and brick and mortar channels, he said Decathlon expects a right share of growth by each channel to take more market the expansion of the product portfolio, he said, now in India, the company is witnessing an increase in the expertise level of products in many sports."It could be Mountain Sports, it could be sports of running. It could be racket sports like pickleball, which is picking up very well," said to make its products more affordable, Decathlon has also started a circular business model in the country, where it is offering repair services, sale of refurbished products at its stores and buyback of used equipment."Second Life (resale), buyback and also selling those products, we have a very good response," he said, adding that "today, we have a limited typology of the products, but it could be expanded in a much bigger way in terms of usage for circularity".The company entered India by starting production in 1999 and retail operations in the country in 2009.
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Business Standard
5 days ago
- Business
- Business Standard
Decathlon India eyes $1 bn sales in 5 years with double-digit growth
French sports goods retailer Decathlon plans to reach nearly a billion-dollar sales in the Indian sports market over the next five years, helped by the expansion of its retail channels and product portfolio and growing sports culture in the country, its India Chief Executive Officer Sankar Chatterjee has said. Decthlon, which currently operates 132 stores in 55 cities across India, plans to expand its retail footprint to over 90 cities by 2030 and plans to register a revenue of around Rs 8,000 crore by then. "We are looking towards a double-digit growth in terms of our revenue year by year. After having a double-digit growth for the next five years, we believe that we will be able to get a significant market share in the sports market in India," Chatterjee said. In FY24, Decathlon Sports India Pvt Ltd reported its revenue from operations at Rs 4,008.26 crore and returned to profitability. When asked whether Decathlon Sports India aspires to be billion billion-dollar company in the next four to five years, the chief executive said: "That's our target". "In the next five years, we will be looking towards a number (revenue) which is a little more than Rs 7,500 crore and 8,000 crore," he said. Stating that the current market condition is very agile, he said Decathlon has started navigating for the very long run in the country. "But at the same time, we are looking towards a consistent double-digit growth in the Indian segment in the next five years, which will help us to reach a significant number, and take more market share in the sports segment for India," he added. According to Chatterjee, Decathlon has "big plans for India", where it has increased local sourcing to 70 per cent, intending to step it further to 90 per cent by 2030. "India is an important country for Decathlon, we are looking towards a double-digit growth year by year, over the next five years, and at the same time, we are scaling with 10 to 15 stores in a year," he said. Though as per its retail growth strategy, it is not only focusing majorly on metropolitan cities, especially the top seven, but also entering into smaller tier II and III cities, which have a good sports culture. The company has opened stores in small places as Prayagraj (UP), Kolhapur (Maharashtra), Solan (Himachal Pradesh), Udaipur (Rajasthan), besides in metro cities like Phoenix Marketcity in Kurla, Mumbai and Pondy Bazaar, Chennai. "So, we are looking towards opening in different cities, also concentrating on existing cities and scale up," he said, adding that "we are opening more stores, penetrating more with digital at the same time, opening new geography". Decathlon is focusing on places where sports awareness is high, such as Panipat in Haryana and Chandigarh, where it has opened stores. Besides, it is also planning to open more stores in the Northeast region. "We believe that the top 50 cities of India have a real potential for sports, where the government wants to penetrate, and we have quite a lot of success in those new geographies," he noted. Besides, Decathlon is also looking at the omnichannel system, strategically integrating its online platforms and offline retail stores. When asked about the growth of online and brick and mortar channels, he said Decathlon expects a right share of growth by each channel to take more market share. Over the expansion of the product portfolio, he said, now in India, the company is witnessing an increase in the expertise level of products in many sports. "It could be Mountain Sports, it could be sports of running. It could be racket sports like pickleball, which is picking up very well," said Chatterjee. Moreover, to make its products more affordable, Decathlon has also started a circular business model in the country, where it is offering repair services, sale of refurbished products at its stores and buyback of used equipment. "Second Life (resale), buyback and also selling those products, we have a very good response," he said, adding that "today, we have a limited typology of the products, but it could be expanded in a much bigger way in terms of usage for circularity". The company entered India by starting production in 1999 and retail operations in the country in 2009. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
5 days ago
- Business
- News18
Decathlon India eyes nearly $1 bn sales in next 5 years with double-digit growth
Last Updated: New Delhi, Aug 3 (PTI) French sports goods retailer Decathlon plans to reach nearly a billion-dollar sales in the Indian sports market over the next five years, helped by the expansion of its retail channels and product portfolio and growing sports culture in the country, its India Chief Executive Officer Sankar Chatterjee has said. Decthlon, which currently operates 132 stores in 55 cities across India, plans to expand its retail footprint to over 90 cities by 2030 and plans to register a revenue of around Rs 8,000 crore by then. 'We are looking towards a double-digit growth in terms of our revenue year by year. After having a double-digit growth for the next five years, we believe that we will be able to get a significant market share in the sports market in India," Chatterjee said. In FY24, Decathlon Sports India Pvt Ltd reported its revenue from operations at Rs 4,008.26 crore and returned to profitability. When asked whether Decathlon Sports India aspires to be billion billion-dollar company in the next four to five years, the chief executive said: 'That's our target". 'In the next five years, we will be looking towards a number (revenue) which is a little more than Rs 7,500 crore and 8,000 crore," he said. Stating that the current market condition is very agile, he said Decathlon has started navigating for the very long run in the country. 'But at the same time, we are looking towards a consistent double-digit growth in the Indian segment in the next five years, which will help us to reach a significant number, and take more market share in the sports segment for India," he added. According to Chatterjee, Decathlon has 'big plans for India", where it has increased local sourcing to 70 per cent, intending to step it further to 90 per cent by 2030. 'India is an important country for Decathlon, we are looking towards a double-digit growth year by year, over the next five years, and at the same time, we are scaling with 10 to 15 stores in a year," he said. Though as per its retail growth strategy, it is not only focusing majorly on metropolitan cities, especially the top seven, but also entering into smaller tier II and III cities, which have a good sports culture. The company has opened stores in small places as Prayagraj (UP), Kolhapur (Maharashtra), Solan (Himachal Pradesh), Udaipur (Rajasthan), besides in metro cities like Phoenix Marketcity in Kurla, Mumbai and Pondy Bazaar, Chennai. 'So, we are looking towards opening in different cities, also concentrating on existing cities and scale up," he said, adding that 'we are opening more stores, penetrating more with digital at the same time, opening new geography". Decathlon is focusing on places where sports awareness is high, such as Panipat in Haryana and Chandigarh, where it has opened stores. Besides, it is also planning to open more stores in the Northeast region. 'We believe that the top 50 cities of India have a real potential for sports, where the government wants to penetrate, and we have quite a lot of success in those new geographies," he noted. Besides, Decathlon is also looking at the omnichannel system, strategically integrating its online platforms and offline retail stores. When asked about the growth of online and brick and mortar channels, he said Decathlon expects a right share of growth by each channel to take more market share. Over the expansion of the product portfolio, he said, now in India, the company is witnessing an increase in the expertise level of products in many sports. 'It could be Mountain Sports, it could be sports of running. It could be racket sports like pickleball, which is picking up very well," said Chatterjee. Moreover, to make its products more affordable, Decathlon has also started a circular business model in the country, where it is offering repair services, sale of refurbished products at its stores and buyback of used equipment. 'Second Life (resale), buyback and also selling those products, we have a very good response," he said, adding that 'today, we have a limited typology of the products, but it could be expanded in a much bigger way in terms of usage for circularity". The company entered India by starting production in 1999 and retail operations in the country in 2009. PTI KRH KRH BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
30-07-2025
- Business
- India.com
This global sports brand has BIG plans for India, sets Rs 250000000000 ‘Made in India' sourcing goal, promises to create over 3 lakh jobs by…
Global sports brand Decathlon has shared big plans for India. The company said it will increase how much it makes in India to USD 3 billion by 2030, supporting the Indian government's 'Make in India' movement. With this step, Decathlon also hopes to create more than 3 lakh (300,000) jobs, both directly in its factories and indirectly through partners and suppliers. The announcement was made as the company completed 25 years of producing goods in India. A company statement said this move shows Decathlon's growing trust in India's ability to manufacture high-quality products. At the moment, India makes 8 per cent of Decathlon's global products, but the company wants to raise that number to 15 per cent. They're focusing more on fast-growing product areas like sports shoes, gym equipment, and advanced sportswear. Right now, over 70 per cent of the products sold in Decathlon's 132 stores across India are made locally. By 2030, they want to raise that number to 90 per cent. Decathlon already works with 83 suppliers, has 113 manufacturing units, seven production offices, and even a design centre in India. Speaking about this push, Decathlon India's CEO Sankar Chatterjee said, 'Making good-quality products quickly within India has helped us grow and offer more 'Made in India' options in our stores. As we grow our online and offline presence, we want to make sports more affordable and available for everyone in India.' India is now playing a major role in changing how Decathlon manages its global supply chain. Products in popular categories like Yoga and Cricket are now fully designed and made in India for customers around the world. 'India has become a key part of our global production network,' said Frederic Merlevede, Decathlon's global head of production. The company also shared that it plans to connect both manufacturing and retail operations in over 90 Indian cities by the year 2030. To support sports manufacturing in the country, the Union Cabinet recently approved the 'Khelo Bharat Niti 2025' policy. This aims to boost the local production of sports equipment and gear. Currently, India exports around 60 per cent of the sports goods it produces. While the worldwide sports industry is worth about USD 600 billion a year, India's share is still quite small. But even a little growth in this area could bring big economic and social benefits to the country. (With IANS inputs)
Hans India
30-07-2025
- Business
- Hans India
Decathlon to triple local sourcing in India, create 3 lakh jobs by 2030
New Delhi: Global sports retailer Decathlon has announced that it will triple its local sourcing in India to $3 billion by 2030 as part of the 'Make in India' policy. The company aims to create over 3 lakh direct and indirect jobs across its production ecosystem by 2030. On its 25th anniversary of starting production in India, Decathlon's decision signifies a growing focus on Indian manufacturing, a release from the company said. India currently supplies 8 per cent of Decathlon's global products. The company aims to increase it to 15 per cent with emphasis on high-potential categories like footwear, fitness equipment, and advanced sports textiles. Decathlon sources more than 70 per cent of its 132 Indian stores' items domestically and hopes to increase that to 90 per cent by 2030. This manufacturing network includes 113 facilities, 83 suppliers, and seven production offices, and a design centre. "Our quality and speed in local manufacture have helped us increase retail and offer a more comprehensive Made in India range. We prioritise excellence as we expand into omni-channel shopping and make sports more accessible to Indians," according to Decathlon India CEO, Sankar Chatterjee. India's industrial power is changing Decathlon's worldwide supply chain, especially in culturally famous categories like Yoga and Cricket, which are now wholly conceptualised and manufactured in India for diverse regions. 'India has become a cornerstone of our worldwide production," said global production chief Frederic Merlevede. Decathlon wants to integrate production and retail in over 90 Indian cities by 2030, the statement said. The Union Cabinet has recently approved 'Khelo Bharat Niti 2025' to boost domestic manufacturing of sports goods. India now exports 60 per cent of its sporting goods. While the global sports industry contributes approximately $600 billion annually, India's current share remains modest, and even moderate progress on this front could unlock substantial economic and social value.
