With running expected to catch on as a trend, the Japan-headquartered sports apparel company expects to grow at 25 percent CAGR
The Covid-19 pandemic has prioritised health and fitness, and more and more people have taken to running, giving businesses for sportswear brands like Asics a big fillip.
The Japan-headquartered company registered a global turnover of $3.6 billion in CY22, up from $3.2 billion the previous year, while its India business saw its net operating revenue go up to Rs251 crore in FY22, up from Rs176.5 crore in FY21, according to business research database Tofler. During this period, profit after tax jumped from Rs9.63 crore to Rs40 crore.