Out of total turnover estimated for this fiscal, about Rs 300 crore would be from overseas.
On the turnover outlook post-expansion, he said: "We are targeting a turnover of Rs 15,000 crore in 2014-15 fiscal, of which Rs 4,000 crore is expected from overseas".
Asked about reports of stake dilution, Kalyanaraman said the company has got offers from private equity players but there is no immediate plan to raise funds.
"We have been approached by many private equity players from past one year. They have offered Rs 1,000-1,500 crore for a stake less than 10 per cent. But, as of now there is no plan to dilute stake and raise funds," he added.
Elaborating on the expansion, Kalyanaraman said three stores each would be opened in Kuwait and Qatar and one in Bahrain and two in UAE.
In domestic market, the company would foray into the West Bengal market and would add more stores in Mumbai.
