India – Celebrating its 50th anniversary, Landmark Group has announced a $1b investment to fuel its expansion across the Gulf, India, and Southeast Asia, aiming to open 400 new stores over the next three years.
Landmark Group’s investment is set to boost its retail footprint by 20% by 2028, alongside increased commitments to ecommerce, supply chain, and technology enhancements as the group builds on its current annual revenue of over $7b (FY ’23-24) across all markets.
The Group’s expansion plans also feature the debut of its latest brand, VIVA, in Saudi Arabia in 2025, along with the rollout of Babyshop, its flagship brand, in four cities across India within the next six months.
Renuka Jagtiani, chairwoman of Landmark Group, said, “We are deeply committed to serving our customers through our own brand portfolio by offering relevant products and value. Physical stores remain a vital part of the retail experience, and we continue to upgrade store design whilst we invest in ecommerce and in the latest technology and innovation. We believe that this is key to staying relevant to ensure a seamless customer experience, both on and off-line.”
“Landmark’s entrepreneurial core, its purpose-driven approach, adaptability, and strong leadership have enabled it to evolve in line with changing consumer habits and needs and play a leading role in advancing the sector,” Jagtiani added.
Backed by a dedicated workforce of over 23,000, Landmark Group has established a strong presence in India over the past 25 years, with nearly 1,000 outlets across 265 cities. The Group plans to add 250 more stores over the next three years—including eight Babyshop locations within six months—and is investing in digital capabilities to achieve 20% annual growth in its Indian e-commerce business over the next five years.
Kabir Lumba, CEO of Landmark Retail, explained, “We still see great momentum with our stores, and our online business is growing strongly at over 20% per annum. To maintain this trajectory, we are committing $1 billion in the next three years towards our physical expansion and upgrading our e-commerce, technology, and supply chain capabilities.”
Landmark Group currently boasts 12 million square feet of automated warehousing and distribution space, including its $350 million Mega Distribution Centre in Jebel Ali. In 2022, it launched Logistiq, a third-party logistics company serving clients beyond its own ecosystem.
“In just 18 months, we have rapidly scaled our last-mile delivery services to handle over 20,000 daily shipments across KSA and UAE for more than 50 clients, with a fleet of over 800 vehicles. Looking ahead, our vision is to build a leading logistics business by developing our end-end supply-chain offering, including freight, warehousing, and cross-border delivery solutions, while expanding our coverage across the GCC,” Lumba continued.
