Item Variants Creation

Hi,
I’ve created a template named T-Shirt. In that the possible variants are Fabric, Color, Style, Sizes and 2 more attributes upon the selection of the variants during the creation of items i get a total variants count as approximately 3.5 Lacs and similarly i get another 10 times of this count for other items. Is it possible that ERP Next can accommodate this huge number of records in it ?