Big, fat Indian weddings are a thing of the past, says India’s most famous bridalwear designer Sabyasachi
India's top bridalwear designer Sabyasachi Mukherjee observes a decline in the demand for elaborate bridal outfits, as modern brides prefer more minimalist designs. Mukherjee is refocusing on expanding his offerings, including jewelry and home fur...
Sales of elaborate bridal outfits — typically weighing up to 17 pounds and costing more than $6,800 — are declining, according to Sabyasachi Mukherjee, who has dressed some of India’s most famous women, including billionaire heiress Isha Ambani. Modern brides are now looking for more low-key designs as part of a broader shift away from traditionally ostentatious wedding celebrations, he said.
“The wedding industry in India as we know of it today is breathing its last,” Mukherjee said in an interview at his 25,000-square-foot (2,323 square meter) store in Mumbai.
Sustained economic growth is transforming India’s consumer landscape and its increasingly affluent population has made the country one of the fastest-growing luxury markets in the world.
At the top end, the number of people with a net worth of more than $30 million is expected to grow 50% between 2023 and 2028, according to McKinsey & Co. But aspirational customers are set to balloon too, hitting 100 million by 2027, the consulting firm estimates.
That presents immense opportunity, and Mukherjee said there’s been an increase in purchases of “entry-level” saris. But it’s also made carving out market share “survival of the fittest,” he said. His company is set to earn about $60 million in revenue this year, he estimates.
Lifestyle Brand
Mukherjee says his current focus is on adding stores in India, before any significant global expansion, and launching additional product lines.
That includes boosting his offerings of jewelery, which already account for about a quarter of revenue and will soon surpass his label’s apparel sales, to include smaller ornaments at competitive prices. Perfume and beauty products are set to launch within a year and Mukherjee said he wants to leverage his wallpaper and furnishings line into designing homes and hotels.
“I’ve never considered Sabyasachi to be a fashion brand, it’s a lifestyle brand,” he said. Some of his expansion plans will rely on collaborations, he said. So far, he’s worked with Hennes & Mauritz AB and Starbucks Corp., as well as Bergdorf Goodman.
Kumar Mangalam Birla has also added a luxury presence. That includes a 51% stake in Mukherjee’s Sabyasachi brand bought in 2021.
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