Women’s wear Western Market across Organised Formats- Fiscal 2015, 2020, and 2025 (in 2 crores)

INR 43,612 Cr

 

a
INR 17,335 Cr %
tn 7,933 Cr
1531
(23%) om.
a, 7
783 se > arp
(10%) ~ 2% _» (5%)
2015 #2020 Fv2025

ESO mMBO mLFS Online
Source: Secondary Research, Technopak Analysis

The share of ecommerce has been higher in the sale of western wear as compared to that of ethnic wear since
Fiscal 2015. In Fiscal 2015, EBO and LFS were the largest retail channels in organized retail with their share
being 35% and 33% respectively and ecommerce share stood at 23, followed by MBOs at 5%. Ecommerce stood
at 58% as a percentage of total western organized retail in Fiscal 2020, followed by nearly similar share of EBOs
and LFS at 18% and 19% respectively, with the sale of LFS slightly exceeding that of EBOs. The share of MBOs
is the least at only 5%. However, by Fiscal 2025, the share of EBOs is expected to exceed that of LFS, while the
share of online retail will stabilize at 47%.

Style wise Segmentation of Women’s Apparel Market

Women Apparel Market is projected to grow at a CAGR of 9.2% from Fiscal 2020 to Fiscal 2025, with the
segments seeing the highest growth being Active Wear (20.2%), T-shirts (14.9%), Innerwear (13.6%), Sleepwear
(13.2%) and Bottom-wear (12.4%). The largest segments in Women wear i.e., Saree and Salwar Kameez, which
collectively occupy approximately 67% of the women wear market are expected to grow at 6.5% and 9.4%
respectively.

Segmentation based on Style of Women’s wear market Fiscal 2020 (in % crores) and CAGR 2020 to 2025

 

Sc ue a Seemed

53,358 53,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

& é as
— Western Wear (INR Cr) =mm=CAGR (2020-25) === Ethnic Wear (INR Cr)

 

 

Source: Technopak Analysis
Note: Year indicates Financial Year
Others: Women Clothing Accessories

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