Libas, an ultra-fast fashion brand of Zivore Apparel Pvt Ltd, has become the first Indian direct-to-consumer (D2C) fashion player to reach a ₹1,000 crore annual run rate (ARR), marking a key milestone in the country’s evolving D2C ecosystem.
The company is on track to deliver around 30% year-on-year growth in FY26, while continuing to remain EBITDA positive.
Strong growth momentum
The ₹1,000 crore ARR milestone reflects Libas’s current annualised pace of business, indicating robust consumer demand, repeat purchases and sustained growth across channels.
Founded in 2014, the brand had earlier become the first fashion-focused D2C player in India to reach ₹500 crore revenue while being fully bootstrapped, before scaling rapidly following its 2024 fundraise.
Expanding offline presence
In FY26, Libas opened 28 new stores compared to 10 in the previous year and plans to launch over 50 stores in FY27.
Its exclusive brand outlets (EBOs) have already contributed over ₹100 crore in net sales, while owned digital channels continue to scale, strengthening its omnichannel presence.
Focus on profitability
“Having built our first ₹500 crore entirely bootstrapped, and now scaling further while remaining profitable, reinforces our belief in building a fundamentally strong business. We see this as a milestone in motion, and not a finish line,” Libas Founder and Chief Executive Officer Sidhant Keshwani said.
The company’s ability to combine scale with profitability and capital efficiency sets it apart in India’s competitive fashion D2C segment.
Outlook
With strong traction across both online and offline channels, Libas is well-positioned to accelerate its next phase of growth.
The brand continues to focus on deepening consumer engagement and expanding its reach across markets, reinforcing its leadership in the fashion D2C space.