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Angel & Rocket targets 100 India stores and Rs 250 crore revenue in five years
Angel & Rocket plans to expand from six to 100 India stores and lift revenue to Rs 250 crore within five years. SP Retail Brands will invest up to Rs 80 crore, opening Chennai and Jaipur locations while scaling omnichannel sales and Shoppers Stop distribution.
Store and format facts
Figures from ET Retail,
- 7th store opening shortly in Chennai
- 10 India stores targeted within four-five months
- around Rs 12 crore current India revenue
- 60% offline and 40% online India revenue mix
- 30-plus planned Shoppers Stop locations
- Rs 30-50 lakh capex per store
- 850-1,200 sq ft typical store size
- India business at EBITDA breakeven
Other figures
- 6 current India stores
What it means for the format
Angel & Rocket’s expansion highlights the strategic value of franchise, licensing and distribution partnerships in India’s premium kidswear market, particularly for platforms and department stores seeking differentiated brands.
Next on the rollout
- Number of net new stores opened in the next 12 months versus the stated 10-store near-term plan.
- Comparable sales, sales per square foot and payback periods at newly opened stores.
- Growth in Shoppers Stop doors and Myntra sales contribution relative to owned-store revenue.
- Evidence of franchise, shop-in-shop or other asset-light formats being used to reach the 100-store goal.
- Gross-margin trends, markdown intensity and inventory turns during major festive and end-of-season sale periods.
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- Whether the company raises additional capital or revises its Rs 80 crore investment plan.
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Open the announced near-term stores and use their first-season sales productivity to determine the next city cluster.
- Expand Shoppers Stop shop-in-shops and improve Myntra assortment, inventory availability and event-led promotions.
- Prioritize metro and tier-1 mall catchments with high family footfall, then test selected tier-2 cities through lower-capex formats.
- Build India-specific price points, occasionwear capsules and seasonal collections to reduce reliance on broad discounting.
- Secure capital, store leases, supply-chain capacity and senior retail talent needed for a sustained 15-20-store annual opening cadence.