Walmart India, which operates 22 Best Price wholesale stores is planning to increase the share of its private labels to top line to 10 per cent by next year as it plans to leverage from Flipkart platform.
Last month, the company opened its 22nd store in Ludhiana and plans have 30 stores by next year. Globally this retail giant nets around 20 per cent of its top line from private labels, which are low-priced but high margin items while from a volume perspective it is around 25 per cent, which it has already achieved in the country as well.
Walmart India closed fiscal 2017 with a top line of Rs 36.09 billion, up around 14 per cent, according to government filing. The numbers for FY18 is not available for Walmart.