How did Souled Store become ₹1300 Crore Tshirts Brand | Vedang Patel | Business Talkies by Groww
Published: 2024-09-05
Status:
Available
|
Analyzed
Published: 2024-09-05
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The company aims to generate 50% of its revenue internationally within the next 5 years.
"50% of our Revenue in 5 years should be International"
Pending
The company plans to open at least 100 stores in India within the next 2-3 years.
"in the next 2 3 years the plan is to have at least 100 stores in India"
Pending
An IPO is planned for the company, as it is profitable and has a good business model.
"IPO is also on the cards you have a good business a profitable business"
Pending
The company has recently launched a kids' apparel line, with the launch happening 6-8 months prior to the interview.
"TG expansion is we've just gotten into kids about 6 8 months back"
Pending
The company's international website is set to launch in the next 1-2 weeks.
"the geographic expansion so we will launch internationally our website I think in the next one 2 weeks"
Pending
The proportion of non-licensed products (like jeans) has grown significantly, shifting from 90% pop culture in 2018 to about 45% of the product mix by 2022-23.
"by 22 23 it would be about 65 70 but now it's about 45 so our non-licensed stuff like the jeans grew"
Pending
All physical stores, excluding the pandemic period, have been profitable.
"we've not had one store till date which has lost money besides the pandemic period"
Pending
The company's revenue grew significantly year-over-year, from 80 lakhs to 14 CR over a period of several years.
"I think we did P lakh for 80 lakh 1.6 CR 3 and a half CR I think 5 CR 10 14 CR now again"
Pending
The business has achieved a 60% year-over-year growth rate since the onset of the pandemic.
"we grew 60% every year since the pandemic"
Pending
Approximately 74-75% of the company's revenue is generated from repeat customers.
"about 74 75% of our Revenue comes from repeat customers"
Pending
Poor inventory management is identified as a primary reason for the failure of 90% of apparel companies.
"90% of apparel company shut down because poor inventory management"
Pending
The company's strategy emphasizes building a lasting brand by staying true to its core identity rather than chasing fleeting trends.
"Trends can come and go but a brand should stay... they don't fluctuate on Trends they stick to who they are why they exist and they continue with this"
Pending
The company projects its revenue to reach approximately 600 (in the context of crores, based on previous figures) in the current year.
"This year maybe 400 will be like 600ish"
Pending
The prevalence of counterfeit products is viewed as a positive validation of the brand's popularity and demand.
"people want this and there are now ton of counterfeits... that's great validation"
Pending
For long-term business success, profitability and sound unit economics are crucial.
"if you're doing this for the long term your... profit because profitable at some scale obviously or unit economics that is true"
Pending