Recode Studios is a pioneering name in the world of cosmetics and they are proud to announce the grand opening of its 13th store in the vibrant city of Ludhiana. This newly inaugurated store in Ludhiana occupies an area of 250 square feet, making it the second store that has launched in the city of Ludhiana. Recode has been known for showing its strong dedication since the year 2018.
Commenting on the inauguration, Dheeraj Bansal the co-founder of Recode Studios in a statement said, “Our journey began with just a handful of products, and today, we proudly offer a diverse range that caters to the unique preferences of each customer. Our mission is to make high-quality cosmetics accessible in every nook and cranny of India. And this latest expansion stands as evidence towards our commitment to make premium makeup accessible to all.”
With the goal of introducing 25 stores by the fiscal year 2023-24, Recode Studios has several upcoming store openings in its pipeline. The forthcoming locations are Mumbai, Chennai, Hyderabad, Jaipur, Indore and Rudrapur. These strategically chosen locations primarily encompass tier 2 and tier 3 cities including Delhi, Amritsar, Raipur, Bilaspur, etc and an investment of 20 lakhs were made in building each of the stores.
Recode’s yearly sales have climbed from 25 lakhs in 2018 to 2 crores in 2019 and 2020, 5 crores in 2021, and 15 crores in 2021 and 2022 and 26 crores in Fy 2022- 2023. And that’s not all, Recode Studios further intends to achieve 50 Cr is FY 23-24. The company continues to uphold its mission of delivering cosmetics to a diverse and extensive audience and warmly welcomes its customers to join them in its exciting journey as it continues to expand its store network.
