Liberty Shoes to step up investments in retail; aims Rs 1,000 crore revenue in three years

New Delhi: Liberty Shoes BSE 2.41 % will invest more than Rs 50 crore to spruce up its retail presence over the next few quarters, as it aims to double revenue to Rs 1,000 crore in three years, group Chief Executive Adesh Gupta said.

The firm, which posted revenue of Rs 500 crore last year, had merged its retail arm Liberty Retail Revolutions with its mainstay firm Liberty Shoes to drive synergies between the two entities.

Liberty, the second largest shoe manufacturing company in the country after Bata BSE 2.03 %, sells its products across 500 exclusive stores and more than 8,000 multi-brand outlets.

"We hope to cross Rs 1,000 crore in sales over the next three years," Gupta said. He said it has launched stores in Sri Lanka and Bangkok, besides increasing its local footprint.

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