Salon chain Naturals Beauty India presence by 2013 by opening 450 outlets
Leading salon chain Naturals Beauty India is all set to have pan-India presence by 2013 by opening 450 outlets at an investment of Rs 50 crore, according to a top company official.
“Our aim is to be the number one salon chain in India by 2013. To reach that target, we will grow by having 120 salons by 2012. We will take it up to 200 salons by December 2011 and to 450 outlets by 2013″, Naturals Beauty Salon India founder-director CK Kumaravel told reporters after launching the company’s 50th outlet in Tamil Nadu in Chennai last night.
Ninety per cent of these outlets would be franchise based and the balance company owned outlets, he said.
The company would initially invest Rs 30 crore to set up the outlets and another Rs 20 crore by 2011-12.
Initially, the company would open one outlet each in Pune, Ahmedabad and Surat over the next few weeks, he said, adding that all stores across the country would range in size from 1,200 square feet to 1,500 square feet.
The company presently has outlets in other cities like Hyderabad, Bangalore, Mangalore Kochi, Calicut and Trivandrum.
On revenue targets, company’s chief Financial Officer J Gurumurthi said that they reported a turnover of Rs 22 crore in 2008-09 and would reach Rs 40 crore by the end of 2009-2010.
The industry has been witnessing a growth with organized players like Lakme Beauty Salons,Kaya Skin Clinics and many other players in the segment aiming a pie of their share in the multi million industry.
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