Recode Studios, a well-known player in the cosmetics sector, is excited to declare the grand debut of its 13th retail outlet in the lively city of Ludhiana, India. Spanning 250 square feet, this newly launched store represents the company’s second presence in Ludhiana. Since 2018, Recode has consistently showcased its resolute dedication to providing top-tier cosmetics.
Recode Studios – Ludhiana Store:
Dheeraj Bansal, Co-Founder of Recode Studios, stated, “Our journey began with a modest selection of products, and today, we take pride in offering a diverse range that caters to the individual preferences of each customer. Our mission is to make high-quality cosmetics readily available in every corner of India. This recent expansion is a testament to our dedication to ensuring that premium makeup is accessible to all.”
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In pursuit of its goal to launch 25 stores by the fiscal year 2023-24, Recode Studios has a lineup of upcoming store openings. These imminent locations comprise Mumbai, Chennai, Hyderabad, Jaipur, Indore, and Rudrapur. The strategic choices predominantly encompass tier 2 and tier 3 cities, such as Delhi, Amritsar, Raipur, Bilaspur, with each store necessitating a 20-lakh investment.
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Recode’s yearly sales have witnessed incredible growth, escalating from 25 lakhs in 2018 to 2 crore in 2019 and 2020, 5 crore in 2021, and further soaring to 15 crore in 2021 and 2022, and 26 crore in the fiscal year 2022-2023. However, the company’s ambitions extend beyond, aiming to reach 50 crore in the fiscal year 2023-24. Remaining dedicated to its mission of providing cosmetics to a diverse and extensive audience, Recode Studios warmly invites its customers to join them on their thrilling journey as they continue to expand their retail network.
