The pitch went far beyond visual aesthetics, presenting a clear business model supported by strong performance indicators.
Annual Revenue and Growth Numbers
House of Armuse revealed impressive financial traction for a luxury-focused startup. They reported ₹3.6 crore in annual revenue in the most recent financial year, driven by:
- High-value bridal couture orders
- Custom design consultations
- Repeat premium clients across India and NRI markets
They also highlighted a consistent 12% month-on-month growth, despite controlled production capacity. The co-founder confirmed profitability, with an average contribution margin of 48%, supported by premium pricing and low-inventory operations.
Customer Demand and Market Positioning
Their customer base expanded from Jaipur to major metros including Delhi, Mumbai, and Hyderabad, with rising NRI demand from Dubai, Canada, and the U.S.
Over 72% of clients came through referrals, showcasing strong trust without heavy marketing.
A judge reacted by saying:
“Your organic demand shows that this brand is not chasing the market — the market is chasing you.”
Scalability and Expansion Strategy
To address questions around growth, the founders stated:
“We do not plan to manufacture for volume. Our expansion is through controlled studios and trained artisan clusters.”
Their roadmap included:
- Opening two flagship studios in metro cities
- Increasing artisans from 28 to 60 within 12 months
- Strengthening international appointments through digital bookings
The judges appreciated the clarity but cautioned against slow execution.