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Libas to open nine stores in five cities during Navratri, targets Rs 1,000 crore revenue in FY27
Our read
Libas will more likely than not keep up its store rollout through FY27, but reaching ₹1,000 crore depends on the 28 stores opened in FY26 and the new batch maturing fast.
For operators
Libas is opening nine exclusive stores in Bengaluru, Jaipur, Kanpur, Noida and Jabalpur during Navratri, after opening 28 in FY26 and planning 50+ in FY27, so rival ethnic wear chains and mall landlords in these cities face faster own-brand rollout.
Watch
Store openings past FY26's 28 by the end of FY27 would mean the 50+ plan is delivered, giving mall landlords and rivals a faster-growing ethnic competitor.
Ask next
Who else is opening stores in Bengaluru?The report,
Libas opened 28 stores in FY26, up from 10 in the previous fiscal, and targets more than 50 new outlets in FY27. The nine exclusive brand outlets will be in Bengaluru, Jaipur, Kanpur, Noida and Jabalpur.
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Store and format facts
From the report. Source details below
| Cities for Navratri openings: | five |
|---|---|
| Current exclusive brand outlets: | more than 55 |
What it means for the format
Libas is scaling its exclusive-outlet network (55+ today, 50+ more planned in FY27) toward a Rs 1,000 crore revenue target, which makes it a fast-growing ethnic wear brand to track as a competitor or benchmark.
Next on the rollout
- Opening of all nine stores in Bengaluru, Jaipur, Kanpur, Noida and Jabalpur during Navratri
- Next batch of city announcements beyond the five named
- Any Libas disclosure of FY27 revenue progress against the ₹1,000 crore target
- Commentary on sales per store or payback at the newer outlets
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Libas is likely to announce further city-wise store batches after the nine Navratri openings, to keep the 50+ FY27 plan on track.
- Expect Libas to keep leaning on exclusive outlets in cities like Kanpur and Jabalpur, where ethnic-wear competition is thinner than in metros.
- Rival ethnic-wear chains may speed up their own tier-2 store rollouts or festive promotions to defend share against Libas.
- Mall and high-street landlords are likely to court Libas for sites, given it opened 28 stores in FY26 against 10 a year earlier.
- Libas may seek fresh capital or credit lines to fund a store rollout of this pace, though nothing in the signal confirms it.