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Uniqlo India crosses Rs 600 crore annual sales, profit trebled during FY23

The Japanese brand posted a net profit of Rs 68.38 crore with net revenues of Rs624.6 crore, according to its latest filing with the Registrar of Companies. A year ago, it had a profit of 21.4 crore with sales of Rs391.7 crore."Indians like affordable pricing but high quality clothing. We want to be in India for 100 years and don't have a short term vision in store numbers and sales targets. We are not just chasing fashion. Store target number is not our purpose and product quality is the main focus," Tomohiko Sei, chief executive officer, Uniqlo India told ET last month.

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