Mumbai, (Agencies): HomeTown, the home solutions arm of Pantaloon Retail, is keen to achieve break-even this fiscal and incline up its turnover to Rs 1,000 crore by FY'12, a top company official said.

HomeTown is a first-of-its-kind home improvement retail chain in India that provides one-stop home-furnishing solutions.

The Kishore Biyani group company, which currently operates 10 outlets in major metros, is eyeing a revenue of around Rs 1,000 crore by FY'12.

Sales for the company have grown by 60 per cent year-on-year over the last three-years and are likely to expand at the same pace this fiscal, he said.

Shah on expansion plan said the company plans to add another 10 stores by the end of next fiscal at an investment of Rs 20-25 crore per store.

The average store size of these stores would be around 1 lakh sq ft to 1.5 lakh sq ft.

Shah said the company is also contemplating opening smaller format stores in tier-II and III cities.