Recode studios has announced its plan to generate Rs 50 crore in revenue in the fiscal year 2023-2024. The company aims to achieve this goal through aggressive expansion and innovation in product offerings.
Recode Studios has already made significant progress towards its revenue target, having generated Rs. 26 crore in the fiscal year 2022-2023. The company attributes its success to its commitment to providing high-quality, affordable makeup products and exceptional customer service.
To further accelerate its growth, Recode Studios plans to open 20 new stores across India in the next fiscal year. These new stores will complement the brand's existing network of 30 stores in major cities such as Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad.
Our goal is to become the go-to makeup brand for Indian consumers," said Dheeraj Bansal, Co- founder of Recode Studios. "We believe that our focus on quality, affordability, and customer service has been a key to our success so far, and we are committed to maintaining these standards as we continue to expand."
Recode Studios has also announced that it will be launching new product lines in the coming months, including makeup, skincare and hair care products. The brand's emphasis on innovation has been a driving force behind its rapid growth, and the company is confident that these new products will further solidify its position as a leader in the Indian beauty industry. The brand plans to double their SKU’s by 15th June this year.