Mafatlal Industries wants to have school uniform sales of Rs 1000 crores by 2020-21. The company has two manufacturing units in Gujarat to cater to this segment. Over the last two years, it has invested close to Rs 300 crores on capex in these units. In the uniform area, corporate uniforms account for 70 per cent of Mafatlal’s sales but this is expected to come down to 60 per cent as sales of school uniforms are showing a rise.
Mafatlal Industries makes ten crore meters of garments a year of which school and corporate uniforms together comprise about 50 per cent. The market for Indian uniform garments is pegged at Rs 12,000 crores and it is growing by 10 per cent per annum. The uniform garment sector is also witnessing a 10 to 15 per cent year-on-year growth. School uniforms are replaced every two or three years, but corporate and institutions take a longer time.
Mafatlal Industries, the flagship company of the Arvind Mafatlal Group, is expected to close 2016-17 with a sales income of Rs 625 crores against Rs 545 crores registered in the corresponding year-ago period. Apart from school and corporate uniforms, it is into hospitality uniforms, medical uniforms, bed linens, bath towels, specialty fabrics, denim, men’s wear and women’s wear.