While the CAGR of total apparel market between Fiscal 2020 and Fiscal 2025 is expected to be approximately
8.95%, the branded apparel and organized apparel retail are expected to grow at CAGR of approximately 10%
and approximately 11% respectively in the same period. In other words, growth of both branded apparel share
and organized apparel retail share in apparel category will outpace the overall category growth. COVID-19 gave
impetus to the growth of e-commerce which is expected to become a significant growth driver for the organised
market.

Apparel Market Size in India (in % crores)

se
we

  

2015 2020 2021(P) 2025(P)

Source: Technopak Analysis
Note: Year indicates Financial Year
Excludes accessories (Bags, Belts, Wallets etc.)

The total organised apparel retail market in Fiscal 2020 was % 143,429 crores (US$ 19.1 billion) which is expected
to grow to % 309,044 crores (US$ 40.9 billion) in Fiscal 2025 at a CAGR of 16.4%. The share of organised retail
which was 32% (14.5% B&M+18% Ecommerce) in 2020 is expected to increase to 45% (23% B&M+22%
Ecommerce) in 2025.

Share of Branded Apparel and Organized Apparel Retail as a percentage of Apparel Market

INR 2,77,500 Cr

56%
45% ate
32% 32%
_

2015 2020 2025
mBranded Apparel ™ Organised Apparel

Source: Technopak Analysis

Branded apparel signifies registered trademarks that are regularly patronized by customers and that are sold through both organized retail
and trade channels. Organized retail signifies formal retail channels of Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), E-
commerce etc. Apparel retailed through these organized retail points of sales is necessarily branded. Therefore, organized share is less than
the share of Branded apparel in total share.

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