New Delhi: Sportswear major Adidas has clocked a growth of 22 per cent in its revenue at Rs 1,100 crore for 2016-17.
The company had reported revenue of Rs 898.69 crore in 2015-16, Adidas India said in a statement. It recorded a PAT (profit after tax) of Rs 95 crore for the year under review.
"The company has grown on the back of consistent good performance across its popular categories such as running, training and football," said Adidas.
It opened its first own retail store in Delhi last week.
"It plans to open a few more in coming months in its continuous quest to improve consumer experience in India," Adidas added.
Adidas group's other brand Reebok has performed well too
. "It registered profits for its last single financial year and has also grown its revenues by 16 per cent year on year," said Adidas without sharing Reebok's number.
The group has plans to invest in both brands, which operate across multi-channel formats.
"Both Adidas and Reebok brands continue to invest in the Indian sportswear market with a number of strategic and consumer-centric initiatives," it added....