VLCC to invest over Rs 300 cr in three years on expansion

Written by Press Trust of India | New Delhi | Updated: Jul 28 2014, 16:50pm hrs
Beauty and wellness firm VLCC plans to invest more than R300 crore over the next three years to fund expansion in domestic as well as international markets. The Delhi-based firm, which posted revenues of R1,000 crore last year, is also targeting a turnover of R3,500 crore in the next three years.

"We have very aggressive plans lined up for the future. In the next 2-3 years, we have earmarked over R300 crore for organic as well as inorganic growth across India and overseas markets," VLCC founder and vice chairperson Vandana Luthra said. The company is growing at around 35% year-on year and the firm expects the turnover to touch R3,500 crore in the next 3-4 years, she added. Funding for the expansion process

would come from internal accruals as well as from strategic investors. "

The firm plans to open another 60 branches across the globe in the next 2-3 years, including wellness centres and VLCC institutes. The company is also eyeing various other emerging segments like dermatology and nutraceuticals to grow at a faster clip.