38 mins ago

India’s Sportswear Race Targets Running, Manufacturing, and Athlete-Owned Brands

India’s Sportswear Race Targets Running, Manufacturing, and Athlete-Owned Brands
Sprinting to $10 Billion: How India’s sportswear industry is rewriting its growth playbook · financialexpress.com

India’s sportswear business is growing quickly.

More people are running, exercising, and joining sports communities.

Decathlon launched a new running brand called KIPRUN for Indian customers.

Its shoes and other products range from cheaper options to advanced racing shoes.

The company hopes to reach millions of runners by 2030.

Other companies such as Nike, Adidas, Puma, and Asics are also competing for sports customers.

India is becoming important not only as a place to sell sportswear but also as a place to make it.

Cricketer Virat Kohli is helping build a sports brand in which athletes can be investors, not just endorsers.

The industry is increasingly trying to connect factories, technology, stores, and athletes.

Key facts

KIPRUN launch
Decathlon introduced KIPRUN in India with 35 products, including 17 high-performance running shoes.
KIPRUN price range
Products are priced from ₹999 to ₹19,999.
Decathlon target
The company aims for more than ₹1,000 crore in running turnover and more than 5 million active runners by 2030.
Sportswear market
India’s sports-goods manufacturing and apparel segment is estimated at about $6.7 billion and projected to reach around $10 billion by 2030.
Decathlon network
Decathlon has 132 stores in India and plans to increase that number to 200.
Local sourcing
Decathlon says about 50% of the quantity sold in its Indian stores is Made in India.
Puma running sales
Puma says running accounts for almost 30% of sales in its Indian retail stores.
Kohli investment
Virat Kohli reportedly invested around ₹40 crore in Agilitas Sports and holds a minority stake.

Quotes

Hans Peter Jensen

Sports Director for Decathlon Sports India.

“The stars sort of aligned today, and I think the French team that has worked on the global range have done a remarkable job over the last two-three years. We have seen an increase in the technicity of the products. Running has to be one of the engines of the growth over the coming years.”
financialexpress.com
“In the price range, there is definitely a tweak that has been made to cater to the Indian customers.”
financialexpress.com

Bruno Araujo

Decathlon brand manager who discussed KIPRUN’s origins at its New Delhi launch.

“We are born from the crowd, built for the community”
financialexpress.com

Sources

Related news