Neeman’s targets 500 stores and Rs 1,000 crore business within three years

Sustainable footwear brand Neeman’s is accelerating its offline push, targeting 500 stores across India and a Rs 1,000 crore business in three years. The digital-first retailer projects revenue of Rs 350 crore by March 2027, up from Rs 185 crore last year.

— Source publishedThu, 17 Sept, 2026, 13:17 IST·First seen Thu, 17 Sept, 2026, 13:19 IST·Source IMAGES Business of Fashion

What happened

Neeman's · Indian sustainable footwear brand Neeman’s plans to build a Rs 1,000 crore business within three years and expand to 500 stores nationwide, shifting

Key facts

  • Rs 1,000 crore business target
  • 500 stores planned across India
  • Rs 185 crore revenue last year
  • Rs 350 crore projected revenue by March 2027

Why this matters

Neeman’s offline scale-up makes it a more consequential footwear platform, potentially creating partnership or acquisition opportunities around retail infrastructure, regional distribution and sustainable-product capabilities.

What to watch

  • Disclosure of franchise versus company-owned store mix and average capital required per opening.
  • Quarterly store-opening pace needed to reach 500 locations within three years.
  • Same-store sales, store-level EBITDA, and payback-period commentary.
  • Evidence that revenue growth remains on track for the Rs 350 crore March 2027 target.
  • New funding, debt facilities, or strategic retail partnerships supporting expansion.
  • Expansion of offline assortments and price points beyond the core sustainable footwear line.
  • Competitive store rollout or promotional intensity from D2C footwear rivals and established footwear chains.
  • Adopt a franchise-heavy or hybrid ownership model to fund rapid expansion while limiting balance-sheet exposure.
  • Prioritize high-footfall malls, airport retail, and affluent tier-1 and tier-2 cities where sustainable-premium footwear has greater acceptance.
  • Expand shop-in-shop partnerships with department stores and multi-brand retailers before committing to standalone locations.
  • Broaden assortment into casual, workwear, kids, accessories, and seasonal categories to raise store productivity and basket size.
  • Build omnichannel capabilities including endless-aisle ordering, store returns for online purchases, and localized CRM offers.
  • Increase sourcing scale and inventory planning capacity to avoid stockouts and margin erosion as store count rises.

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