D-Mart’s Q3 Results: Profit up 6.7 pc to Rs 589.64 cr
D-Mart’s Q3 Results: Profit up 6.7 pc to Rs 589.64 cr

Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, reported a 6.71 percent increase in its consolidated net profit to Rs 589.64 crore for the third quarter ended on December 31, 2022.

The company had posted a net profit of Rs 552.53 crore in the October-December quarter a year ago, said Avenue Supermarts in a BSE filing. Its revenue from operations was up 25.50 percent to Rs 11,569.05 crore during the quarter under review as against Rs 9,217.76 crore in the corresponding quarter of the last fiscal.

Avenue Supermarts’ total expenses were at Rs 10,788.86 crore, up 27.02 percent in the third quarter of 2022-23 against Rs 8,493.55 crore in the corresponding quarter of the last fiscal.

Neville Noronha, CEO, and MD, Avenue Supermarts said, “FMCG and staples segment continued to outperform the general merchandise and apparel segments. Gross margin percentage decline over the corresponding quarter of last year reflects this mix change.” He added that discretionary non-FMCG sales did not do as well as expected in this quarter."

During the quarter, Avenue Supermarts expanded the operations of its e-commerce business arm DMart Ready.

We have further expanded our E-Commerce operations to four new cities while continuing to deepen our presence in the existing 18 cities. Our operations now span across 22 cities in India,” he said.

Besides, D-MART is also in the process of commencing a pharmacy shop-in-shop through its subsidiary Reflect Healthcare and Retail Pvt Ltd at one of its stores.

This is yet another pilot that will complement our brick-and-mortar business using our existing store infrastructure,” Noronha said.

As of December 31, 2022, D-Mart operates 306 stores across Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh, and Punjab.

 
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Retail India News: Noida International Airport Inks Duty-Free Collaboration with Heinemann, BW
Retail India News: Noida International Airport Inks Duty-Free Collaboration with Heinemann, BW
 

Noida International Airport (NIA) has granted the concession for retail and duty-free operations to a consortium comprising Heinemann Asia Pacific, a Singapore-based operator in duty-free and travel retail, and BWC Forwarders Private Ltd, an Indian duty-free services provider.

This collaboration brings together a Singaporean industry leader and a homegrown Indian company for NIA's upcoming international airport. Heinemann Asia Pacific boasts a strong presence, supplying products across airports, cruise lines, border zones, and downtown shops, with established markets in Oceania, Malaysia, and Greater China. Now, they are expanding their footprint into India through this partnership.

This encompasses the duty-free concession, which will be managed by Heinemann, as well as master concessions for domestic retail and international duty-paid retail, to be overseen by BWC Forwarders. The domestic retail section will feature a diverse array of top global brands and esteemed Indian labels, meticulously curated for discerning shoppers.

“As we continue to develop Noida International Airport into a world-class facility, this partnership will provide a seamless blend of duty-free and retail shopping, catering to the diverse needs of our travellers. We believe this collaboration will set a new standard for airport retail, creating an unparalleled shopping experience for travellers at Noida International Airport,” said Christoph Schnellmann, chief executive officer,  Noida International Airport. 

The international duty-free store at the airport promises an extensive range of premium brands, offering travelers an exceptional shopping experience. Curated categories will include premium liquors, tobacco, confectionery, perfumes, cosmetics, fragrances, and luxurious chocolates. Furthermore, shoppers can explore fashion accessories, regional handicrafts, souvenirs, ayurvedic products, packaged food, as well as an assortment of teas, coffees, and spices, ensuring that passengers can easily discover delightful surprises for their loved ones amidst their busy travel schedules.

Noida International Airport aims to blend hospitality with Swiss technology and efficiency to create a contemporary, user-friendly design, drawing inspiration from India's rich heritage. In its initial phase, the airport will feature one runway and one terminal, with a capacity to accommodate 12 million passengers annually. Upon completion of all four development phases, the airport will be equipped to serve up to 70 million passengers per year.

 

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Flipkart's IPO on the Horizon as Walmart Evaluates Market Conditions
Flipkart's IPO on the Horizon as Walmart Evaluates Market Conditions
 

Walmart is currently evaluating the optimal timing for Flipkart’s initial public offering, the US-based retailer informed analysts on May 16, emphasizing that India continues to be an exciting opportunity for the company.

Flipkart, a prominent Indian e-commerce giant, was acquired by Walmart in 2018 for $16 billion. It competes with Amazon in the Indian market, where the e-commerce battle is becoming increasingly fierce. Both Amazon and Walmart have been investing millions of dollars to capture a larger share of this burgeoning market.

"We are looking at and exploring when will be the right time to IPO that business (Flipkart). But now there's strong growth both in Flipkart and in PhonePe, and we're excited about the India market," said Kath McLay, president and CEO, Walmart's international.

According to a report by ET on May 13, Flipkart is in the process of relocating its headquarters from Singapore back to India, aligning with its long-term objective of initiating an initial public offering (IPO).

During the quarterly analyst call of Walmart, the US-based parent company of Flipkart, Chief Financial Officer John David Rainey mentioned that Flipkart experienced double-digit growth in the first quarter ending April 30.

Walmart further stated that Flipkart's subsidiary Myntra has achieved profitability on an earnings before interest, taxes, depreciation, and amortization (EBITDA) basis for the past two quarters. Myntra operates in the online fashion segment, competing with Ajio, owned by Reliance Retail. Flipkart acquired Myntra in 2014.

Flipkart Pvt Ltd, headquartered in Singapore, serves as the holding company. In India, Flipkart's operations are distributed across various units, encompassing its marketplace, logistics, payments, and other e-commerce divisions.

PhonePe, a prominent player in the payments sector, is also under the ownership of Walmart. Towards the end of 2022, PhonePe underwent a separation from the Flipkart Group and relocated its headquarters from Singapore back to India. During this transition, Walmart fulfilled its tax obligations by paying nearly $1 billion in local taxes.

 

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Retail India News: Wooden Street Expands Offline Presence in Jodhpur
Retail India News: Wooden Street Expands Offline Presence in Jodhpur
 

Wooden Street, a home furniture and decor brand based in Jaipur, has inaugurated a fresh manufacturing facility and research and development (R&D) center in Jodhpur, Rajasthan. Spanning over 10 lakh square feet, the new facility boasts a production capacity of 4-5 lakh units annually, translating to an estimated revenue of Rs 500-700 crore per year.

This expansion initiative entails an investment ranging from Rs 50-70 crore and incorporates state-of-the-art automated machinery outfitted with cutting-edge technology. The upgraded R&D center will prioritize the refinement of prototyping techniques, driving innovation in product design and material utilization. 

Our new expansion in Jodhpur reflects our commitment to staying at the forefront of the furniture industry. With these enhanced facilities, we aim to transform the furniture design and manufacturing process, ensuring our customers receive top-tier products,” said Lokendra Ranawat, CEO, Wooden Street.

The new establishment will play a vital role in the local economy, generating 300 new job opportunities and promoting skill enhancement within the region. Wooden Street currently operates manufacturing facilities in Jodhpur, Jaipur, Udaipur, and Bengaluru, covering a combined area of over 15,00,000 square feet. Moreover, the company boasts a well-established supply chain network, comprising 35 strategically located warehouses nationwide.

Established in 2015, Wooden Street stands as a prominent brand renowned for its extensive array of high-quality, designer furniture, home décor, and furnishing pieces. Operating through both online platforms and a network of physical stores, the brand ensures customers the convenience of shopping digitally or experiencing the furniture firsthand in showrooms.

Currently, the company caters to a customer base exceeding 1 million individuals, operating 97 experience stores and over 350 delivery hubs across the nation. With a vast selection of over 30,000 furniture, décor, and furnishing items, Wooden Street has maintained a steady annual growth rate ranging between 60 percent to 65 percent.

 

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Retail India News: Nippon Paint Debuts Weatherbond 8 in Bengaluru with RCB Stars
Retail India News: Nippon Paint Debuts Weatherbond 8 in Bengaluru with RCB Stars
 

Nippon Paint, the leading paint brand in the Asia Pacific, has introduced its innovative new product, Weatherbond 8, in Bengaluru. The launch event on May 16, 2024, featured appearances by Cameron Greene, Rajat Patidar, Lockie Ferguson, and Mahipal Lomror from the Royal Challengers Bangalore (RCB) IPL team.

The event, highlighting the spirit of innovation and resilience shared by Weatherbond 8 and the RCB team, gave fans a chance to meet their favorite cricketers and see the unveiling of the new paint.

Weatherbond 8 is a high-performance exterior paint designed to withstand harsh weather conditions. Its Quartz Technology makes it twice as tough and durable as other paints, offering superior protection against rain, sun, and other elements that can damage a home’s exterior. The paint also provides a rich sheen finish that enhances the appearance of homes and features improved anchoring properties for better surface adhesion. Additionally, Weatherbond 8 resists algae growth and dirt pickup, keeping walls looking fresh longer.

Weatherbond 8 aims to set a new standard in the retail paint market in India, offering homeowners a reliable solution for protecting and beautifying their homes.

Mark Titus, VP of Marketing, Nippon Paint India (Decorative) said, "We are incredibly proud to launch the Weatherbond 8 in Bengaluru. This product represents a significant leap forward in exterior paint technology, offering unparalleled protection and lasting beauty. We are delighted to have the RCB players join us for this momentous occasion, as their dedication and resilience resonate perfectly with the qualities of Weatherbond 8."

 

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Retail India News: SOM Distilleries Names Roy Sourav Kumar VP of Sales, East
Retail India News: SOM Distilleries Names Roy Sourav Kumar VP of Sales, East
 

SOM Distilleries and Breweries Ltd, has appointed Roy Sourav Kumar as Vice President - Sales, East. Kumar boasts over twenty years of experience in sales and marketing, having worked with esteemed FMCG and alcoholic beverage companies like Cadbury's, ITC, Heineken (UB Ltd), and ABD.

In his new role, Kumar will be responsible for driving sales strategy and operations in the Eastern India region, covering Odisha, Jharkhand, West Bengal, and the Northeastern states. His focus will extend to the CSD and Para Military businesses, aiming to capitalize on market opportunities and foster growth.

Kumar stated, "I am thrilled to join SOM Distilleries and Breweries Ltd. and contribute to the evolving landscape of the alcoholic beverage industry. Collaborating with the talented team here, I am eager to enhance our market presence and solidify our position among the top three alcoholic beverage companies in the country."

Diwakaran Suryanarayana, Chief Operating Officer of SOM Group of Companies said, "We are delighted to welcome Mr. Roy Sourav Kumar to our SOM family. With domestic and international experience in Alco Bev and FMCG across MNC and leading Indian Companies, his experience and leadership in the industry will be instrumental for SOM as we continue to solidify our position as the fastest-growing alcoholic beverage company in the country."

Kumar's professional background includes a PGDM and expertise in various areas such as Business Finance, Audits, Compliance, S&D Management, Trade Marketing, and Supply Chain Management. He brings a wealth of achievements, including successful brand launches, leadership of task forces, and recognition for outstanding performance across different companies.

 

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Acerpure Debuts in India with Cutting-Edge Electronics
Acerpure Debuts in India with Cutting-Edge Electronics
 

Acer Group, a global leader in IT and technology solutions, has officially entered the Indian consumer electronics market with the introduction of its Acerpure brand. Launched at a grand event in Bengaluru, Acerpure India aims to redefine the industry by offering a diverse range of innovative and cutting-edge consumer electronics and home appliances tailored specifically to meet the needs of Indian consumers.

The launch event, graced by industry leaders and dignitaries, showcased Acerpure India's comprehensive lineup of consumer appliance products. From state-of-the-art TVs to advanced air and water purifiers, fans, and vacuum cleaners, Acerpure India's innovative range sets a new standard in consumer appliances for the discerning Indian market.

The flagship product, Acerpure TV, was unveiled in four sizes—32, 43, 55, and 65 inches—featuring cutting-edge technology and an immersive viewing experience. With enhanced contrast, deeper blacks, and dazzling brightness, Acerpure TVs promise to bring every scene to life with breathtaking clarity and vibrancy. Equipped with Dolby Atmos sound clarity, thin bezel design, and multiple connectivity options, Acerpure TVs are set to revolutionize the Smart TV market in India.

In addition to TVs, Acerpure showcased a diverse range of consumer electronics products, including air circulator fans, water purifiers, handheld and robotic vacuum cleaners, hair dryers, and hair stylers. Looking ahead, Acerpure India plans to diversify its offerings further by introducing products such as refrigerators, air conditioners, washing machines, and more.

One of the highlights of the event was the announcement of a Make-In-India partnership between Acerpure and Dixon Technologies, a leading Indian electronics manufacturer. Under this partnership, Dixon will undertake the manufacturing of Acerpure products, starting with state-of-the-art TVs. This strategic collaboration aligns with the "Make in India" initiative, aiming to bolster India's economic advancement and technological innovation while empowering local talent and fostering job creation.

Andrew Hou, President of Pan-Asia Pacific Operations at Acer Group said, "We are excited to launch Acerpure in India. The Indian market holds immense potential for Acerpure's growth and innovation. With our focus on technological excellence and sustainability, we are well-positioned to meet the evolving needs of Indian consumers. As we venture into this new market, our dedication to innovation remains unwavering. Acerpure represents more than just a product launch; it signifies the dawn of a new era in home appliances and consumer electronics with a key focus on Make-In-India.

Harish Kohli, President, and MD of Acer India said, "As we embark on this transformative journey with Acerpure's debut in India, we are exhilarated by the opportunity to contribute to the nation's burgeoning consumer electronics market. This milestone signifies our unwavering dedication to innovation and our heartfelt commitment to the vibrant Indian consumer electronics landscape. Through this collaboration with Dixon Technologies, we are poised to usher in a wave of locally manufactured products, aligning seamlessly with the Make in India initiative. This partnership embodies our shared vision of fostering economic growth and technological advancement within the nation. Together, we look forward to crafting cutting-edge solutions that resonate with the diverse needs and aspirations of Indian consumers, empowering them to embrace a brighter, technologically enriched future."

Sunil Vachani, Co-Founder and Executive Chairman of Dixon Technologies added, “Through our enduring partnership with Acer, we have consistently upheld the values of local manufacturing and innovation. The introduction of Acerpure and our expanded collaborative efforts represent a significant stride towards enhancing India's self-sufficiency and global competitiveness in the electronics sector. Aligned with the 'Make in India' initiative, our goal is to manufacture premium consumer products for both domestic and international markets, thereby stimulating economic growth and fostering innovation while nurturing local talent. This partnership underscores our unwavering commitment to delivering high-quality, Made in India products, marking a notable milestone in our relentless pursuit of excellence."

As Acerpure embarks on its journey in India, the company remains committed to driving positive change and delivering innovative solutions that enrich the lives of consumers while preserving the planet for future generations.

 

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Retail India News: Haryana Permits Retail Sale of Nicotine Replacement Therapy (NRT)
Retail India News: Haryana Permits Retail Sale of Nicotine Replacement Therapy (NRT)
 

The recent judgment from the Punjab and Haryana High Court has approved the retail sale of Nicotine Replacement Therapy (NRT). NRT is recognized as an effective aid for tobacco cessation and has been listed in the National List of Essential Medicines since 2022.

This decision signifies a substantial shift in perspective regarding Nicotine Replacement Therapy (NRT). NRT plays a vital role in providing the necessary support to quitters, allowing individuals to gradually reduce their nicotine intake and achieve a smoke-free life – a goal many smokers aspire to. Of late, the lifting of the ban and its easy availability will be a boost to quitting smoking,” said Chandrakant S Pandav, Community Medicine, AIIMS, New Delhi.

The court's ruling removes Nicotine Replacement Therapy (NRT) from the Poisons Act of 1919. NRT is available in various forms such as gums, patches, and inhalers, all of which deliver controlled doses of nicotine to aid in smoking cessation. Gums gradually release nicotine, patches offer sustained effects, and inhalers provide instant relief. Additionally, dissolvable mints help alleviate cravings by melting in the mouth.

This decision is a game-changer because it paves the way for making NRT more accessible. By allowing its wider availability, we can empower millions of smokers who genuinely want to quit but struggle with withdrawal symptoms. Its availability at retail outlets will help people head toward tobacco cessation,” said Niranjan Naik, Director Onco-Surgery, Fortis Memorial Research Institute (FMRI), Gurugram.

Last year, the government mandated the necessity of a medical prescription for purchasing NRT products. NRT gums are offered in doses of 2mg and 4mg, with the 2mg variant available over the counter (OTC). 

 

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Bosch Expands 'Made-in-India' Semi-Automatic Washing Machines Portfolio
Bosch Expands 'Made-in-India' Semi-Automatic Washing Machines Portfolio
 

BSH Home Appliances Pvt Ltd a subsidiary of BSH Hausgeräte GmbH has introduced its latest range of semi-automatic washing machines designed to meet the fabric care needs of Indian households. With a focus on consumer-centricity and the Make In India ethos, Bosch presents a laundry experience promising superior fabric care and convenience. Manufactured to German standards of quality and design, these washing machines ensure reliability and performance that align with global benchmarks.

The new semi-automatic range comes in captivating hues like peacock blue, wine, lilac, coral pink, tangerine orange, champagne gold, and shining black. The highlight of this range is its pleasing design, coupled with customer-centric features to make laundry chores more efficient.

This new range promises a laundry experience free from damage, stains, and hassle. Bosch ensures that every garment is treated with care, delivering impeccable results while adding elegance to any laundry space with a wide range of color options.

Saif Khan, MD and CEO of BSH Home Appliances said, “We are delighted to introduce our new range of Semi-Automatic washing machines tailored for Indian consumers. With this launch, we aim to further strengthen our presence in the laundry category and elevate the fabric care experience for Indian consumers. At BSH Home Appliances, we are dedicated to enhancing everyday life through consumer-centric innovations. With a strong emphasis on 'Make in India,' each feature of our products is thoughtfully crafted to suit the diverse needs of Indian households.

BSH Home Appliances reaffirms its commitment to ‘Make in India’ and ‘Make for India’ through innovation and a relentless pursuit of enhancing user experiences. Recently, BSH India received five iF Design Awards and four India Design Marks for its range of home appliances designed and manufactured in India.

 

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Retail India News: Asian Paints' Light Installation Honors Cultural Heritage at Lulu Mall, Kochi
Retail India News: Asian Paints' Light Installation Honors Cultural Heritage at Lulu Mall, Kochi
 

Asian Paints has introduced 'Reflections of Kerala' — a light installation that celebrates Kerala’s rich cultural heritage. This installation, created in collaboration with XXL Collective from the St+art India family, is inspired by the special-edition ‘Inspired By Kerala’ packaging of Apex Ultima Protek, Asian Paints’ durable luxury exterior paint. The 12-foot installation is now displayed at Lulu Mall, Kochi.

Kerala holds a special place in Asian Paints' portfolio. In March, the brand launched a limited-edition packaging of Apex Ultima Protek as a gesture to the state’s people. Known for its protective qualities and durability in extreme weather, this paint has been widely accepted in Kerala homes. The special packaging pays tribute to Kerala’s rich culture, traditions, and art forms. The ‘Reflections of Kerala’ installation extends this tribute by showcasing the state’s cultural elements and Asian Paints’ commitment to preserving Kerala’s architectural beauty.

The installation combines intricate cutout panels with strategic lighting. Each cutout represents a cultural element of Kerala's heritage, with lighting projecting these designs onto surrounding surfaces. This creates captivating shadows that narrate Kerala’s story and spirit.

Featured in the installation are classical art forms such as Kathakali, Mohiniyattam, Theyyam, and Kalaripayattu. Iconic symbols like Kerala’s backwaters and vibrant wildlife are also represented, along with intricate woodwork and gabled roofs seen in temples, mosques, and native homes. The interplay of light and shadow highlights themes of protection and cultural richness, echoing the purpose of Ultima Protek’s special edition pack.

The 'Reflections of Kerala' installation will be on display at Lulu Mall from May 14th to May 28th. Kochi residents are invited to visit, experience this tribute to Kerala’s heritage, and engage with its intricate design and light effects.

 

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Reliance Retail and ASOS form Strategic Partnership; to Enter India in Omnichannel Format
Reliance Retail and ASOS form Strategic Partnership; to Enter India in Omnichannel Format
 

Reliance Retail and ASOS, UK's top online fashion retailer for 20-somethings, have formed a long-term partnership to redefine the fashion landscape in India. This collaboration marks a significant step in Reliance Retail's goal to provide Indian consumers with unmatched choices and world-class retail experiences.

Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Utilizing its extensive expertise in operating omni-channel retail networks, Reliance Retail will introduce ASOS’s curated portfolio of fashion-led own brand labels to the Indian market through a diverse array of retail formats. This includes exclusive brand stores, multi-brand store expressions, and digital commerce platforms.

ASOS, a popular destination for fashion-loving 20-somethings, aligns well with Reliance Retail's extensive omni-channel retail network. This partnership promises to revolutionize how Indian consumers discover and engage with the latest global fashion trends. The agreement is ASOS’ first country-wide exclusive retail partnership. 

An executive from Reliance Retail remarked, "This partnership with ASOS is a strategic move to bring international fashion trends to India, enhancing our offerings and providing Indian consumers with a wide range of fashion choices."

This collaboration between Reliance Retail and ASOS is set to transform the retail fashion scene in India, providing consumers with easy access to the latest global trends through a variety of retail channels.

Isha Ambani, Director, Reliance Retail Ventures Limited said, “We're excited to welcome ASOS into our fashion family, marking a significant stride in our dedication to bringing the pulse of global trends to Indian shores. This partnership reaffirms our status as India's premier retail destination, ensuring our customers have access to the cutting-edge fashion styles they crave.

José Antonio Ramos, CEO, ASOS said, “Our purpose is to give fashion lovers around the world the confidence to be whoever they want to be through access to the latest and best trends. Together with Reliance Retail, we’re excited to be bringing some of our fashion-led own-brands to customers in India – including ASOS Design, one of the biggest British fashion brands on the planet.

 

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Retail India News: Triumph International Debuts Floral Summer Line
Retail India News: Triumph International Debuts Floral Summer Line
 

Triumph International has introduced a summer collection celebrating vibrant hues and floral patterns. From delicate prints to refreshing colors, this collection embodies the season's essence with elegance and sophistication. With Triumph International, you can elevate your style and embrace summer with confidence.

Triumph Smooth Minimizer (Dark Combination): Transform your look this season with Triumph's 'My Flower Minimizer' series, inspired by the 2024 Met Gala theme ‘Garden of Time.’ The Triumph Smooth Minimizer in Dark Combination blends functionality and elegance, echoing the timeless style of pop singer Sabrina Carpenter. This series highlights blue and white floral prints, perfect for updating your summer wardrobe with a touch of floral beauty and comfort.

Triumph Minimizer 75 Bra (Grey Combination): Inspired by the 2024 Met Gala theme 'Garden of Time,' the 'My Flower Minimizer' series by Triumph exudes timeless elegance with its seasonal floral print. Crafted with precision, the soft-touch fabric ensures comfort all day long. This bra mirrors the sophisticated style of supermodel Karlie Kloss, offering a luxurious and comfortable option for the summer.

Triumph Smooth Minimizer: The Triumph Smooth Minimizer in classic black is designed for comfort and elegance. With regular straps, cushioned details, and a rear hook closure, it channels the sleek aesthetic of actress Zendaya at the 2024 Met Gala. Ideal for linen and sheer fabrics, this versatile bra offers understated simplicity, allowing your outfit to shine while ensuring necessary coverage.

Triumph Minimizer 21 W Bra (Ocean Depths): Inspired by Alia Bhatt's ocean green saree at the 2024 Met Gala, Triumph presents the Ocean Depths Minimizer 21 W Bra. With molded simplex cups and soft shoulder straps, this bra offers support and comfort. It visually minimizes bust size by one cup while providing full coverage, featuring sheer tulle inserts and a crystal stone motif, echoing Alia's elegant Met Gala look.

Triumph Minimizer 21 W (Baroque Rose): Embrace sophistication and comfort this summer with Triumph's Baroque Rose Minimizer 21 W Bra. Featuring sheer tulle inserts and a crystal stone motif, this bra aligns with the soft rose color trend showcased by actress Jessica Biel at the 2024 Met Gala. The non-wired design offers support and style, reducing bust size by one cup and enhancing your silhouette with lace embroidery and molded simplex cups.

The Triumph Minimizer 21 W combines style, support, and an excellent fit. With its under-wired design and full-coverage cups with a high neck bridge, it provides exceptional shaping and support. This series visually minimizes the bust by one size while offering stability for larger cups, making it a trendy and youthful addition to any summer wardrobe. Explore Triumph International's new collection to add a touch of floral elegance and timeless grace to your summer style.

 

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EaseMyTrip and Google Wallet Team Up to Simplify Travel
EaseMyTrip and Google Wallet Team Up to Simplify Travel
 

EaseMyTrip.com, one of India’s leading travel tech platforms, has announced a partnership with Google Wallet, enhancing the retail travel experience in India. This collaboration aims to transform the travel landscape by integrating all booking necessities into a single, user-friendly wallet, offering a seamless journey for travelers. By leveraging this partnership, EaseMyTrip is committed to safeguarding traveler information while providing a platform that facilitates effortless access to boarding passes.

To utilize this innovative feature, Android users need to download the Google Wallet app and log in using their Google credentials. Once they have booked their tickets on EaseMyTrip.com and completed the web check-in process, they can easily add their boarding passes to Google Wallet with just a few clicks. This streamlined process eliminates unnecessary complexities, ensuring a hassle-free experience for travelers at every step of their journey.

The smart personalization features within the Google Wallet app enable users to conveniently access confirmations and passes received via Gmail directly within the app, enhancing the overall travel experience.

Rikant Pittie, Co-Founder of EaseMyTrip said, “At EaseMyTrip, our mantra is prioritising the overall customer experience. With this integration, we are thrilled to offer our customers a streamlined process providing effortless access to boarding passes and essential information. This partnership is not just about adding another feature, but also ensuring that our users get access to the best facilities available.

Ram Papatla, GM and India Engineering Lead, Android at Google said, “The arrival of Google Wallet in India marks an important milestone in Android's India journey, bringing innovative and convenient experiences to simplify peoples’ daily lives. We are delighted to partner with many of India’s top brands to offer a comprehensive solution that helps you securely access and manage your everyday essentials. From boarding passes to loyalty cards, and event tickets to public transport passes – they’re there when you need them.

 

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Retail India News: LG Aims to Strengthen Its India-Specific Product Lineups
Retail India News: LG Aims to Strengthen Its India-Specific Product Lineups
 

Korean consumer electronics major LG has affirmed its commitment to launching home entertainment products customized for the Indian market to uphold its leading status.

LG Electronics India recently unveiled 55 AI-powered television models, anticipating a growth rate of 25-30 percent in its home entertainment (HE) sector for the current year. Stressing the paramount importance of India in its global strategy, a company spokesperson emphasized its pivotal role in their overall operations.

There is a growing demand for large screen TVs in India and we are constantly enhancing our portfolio with products like the World’s largest 97-inch TV with vibrant picture quality, advanced AI-powered processing technologies…With this new lineup, we aim to further enhance our market leadership in flat panel TV in India,” said Hong Ju Jeon, Managing Director, LG Electronics India.

The company is dedicated to enhancing its India-specific product lineups.

“LG Electronics thinking about the Indian market is not one of the important markets, but it is the most important market. Compared with the European and American TV market where most of the products have moved up to OLED technology, the Indian market is a bit different with LED technology still dominant. So, we are trying to deliver our product to the Indian consumer which is a ‘picked’ product,” commented Brian Jung, LG Electronics India Director. 

The Indian market has experienced a rapid transition in terms of screen size and also on technology. LG is leading the Indian television market with 27.1pc and the brand is loved by consumers in the country, especially in the home entertainment category. 

“Last year was also good for us. This year we are targeting roughly about 25 to 30 percent growth versus last year,” stated Abhiral Bhansali, LG Electronics India Business Head. 

In the HE segment, the company recorded a revenue of Rs8,000 crore last year. At its Pune plant, the company has an annual TV production capacity of 3 million units.
 

 

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Retail India News: Allied Blenders and Distillers to Raise Rs 1500 cr through IPO
Retail India News: Allied Blenders and Distillers to Raise Rs 1500 cr through IPO
 

Indian-made foreign liquor (IMFL) producer Allied Blenders and Distillers (ABD) has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs 1500 crore through an initial public offering (IPO). This move is part of the company's strategy to strengthen its position in the retail and India markets.

The Mumbai-based company, established in 1988 and known for its flagship Officer’s Choice Whisky, refiled its IPO papers with SEBI on January 15, 2024. The shares are offered at a face value of Rs 2, comprising a fresh issue of up to Rs 1000 crore and an offer for sale of up to Rs 500 crore by the Promoters and Promoter Group.

The offer for sale includes up to Rs 250 crore by Bina Kishore Chhabria, Rs 125 crore by Resham Chhabria Jeetendra Hemdev, and Rs 125 crore by Neesha Kishore Chhabria. The offer also includes a reservation for subscription by eligible employees.

Proceeds from the fresh issuance will be used to prepay or repay a portion of certain outstanding borrowings amounting to Rs 720 crore and for general corporate purposes. The company may also conduct a "Pre-IPO placement" aggregating up to Rs 200 crore. If completed, the fresh issue size will be reduced accordingly.

ABD has a significant market presence, holding an 11.8% market share in the Indian whisky market as of Fiscal 2023. Over the years, the company has expanded its product range across various segments, launching brands like ICONiQ White Whisky, Srishti Whisky, and X&O Barrel Whisky. In April 2024, the ICONiQ White Whisky brand achieved a milestone of 2 million cases sold within its first year. In January 2024, ABD further diversified its offerings by introducing Zoya Special Batch Premium Gin.

The company's nationwide sales and distribution network spans 30 states and union territories, with products available in 79,329 outlets as of August 31, 2023. ABD's portfolio includes 17 major brands of IMFL across whisky, brandy, rum, and vodka.

India is among the fastest-growing alcoholic beverage markets globally, ranking third after China and Russia. IMFL dominates the market, contributing around 72% in value as of Fiscal 2023. The industry's growth is driven by rising incomes, urbanization, and increasing preference for western tastes and trends, leading to premiumization. There is also a shift in whisky consumption from a stimulant to a means of recreation and socializing.

ICICI Securities Limited, Nuvama Wealth Management Limited, and ITI Capital Limited are the book-running lead managers for the offer, with Link Intime India Private Limited serving as the registrar. The equity shares will be listed on the BSE and NSE.

 

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Retail India News: Manushi Chhillar Joins Clovia as Brand Ambassador
Retail India News: Manushi Chhillar Joins Clovia as Brand Ambassador
 

Clovia has announced the appointment of former Miss World and emerging Bollywood star Manushi Chhillar as its latest brand ambassador. This collaboration signifies a significant milestone for Clovia as it continues to foster relatable conversations and celebrate the essence of womanhood, resonating with audiences across the country.

Manushi Chhillar takes the spotlight in Clovia's newest National TV advertising campaign titled 'Coffee to Club with Clovia.' The renowned actress will represent the brand in a comprehensive campaign spanning Out-of-Home (OOH) advertising, digital media, and television.

The TV commercial (TVC) revolves around the concept of Clovia being a supportive companion for women throughout life's various adventures and moments, both significant and intimate, akin to a trusted friend. The storyline follows Manushi Chhillar's authentic conversations with her friend, highlighting her spontaneous and adventurous nature as she navigates through her daily plans.

From casual coffee outings to glamorous evenings out and heartfelt conversations with friends at home, the TVC beautifully captures the essence of everyday life, from friendships to challenges. The partnership between Manushi Chhillar and Clovia goes beyond mere endorsement; it symbolizes a shared commitment to values of joy, independence, and resilience – qualities that define the essence of a Clovia Girl.

Given her self-made, ambitious, and hardworking persona, Manushi naturally embodies the spirit of a Clovia Girl. Her journey from the field of medicine to the world of fashion and acting mirrors Clovia's own evolution as a brand dedicated to empowering women. Manushi commenced her Bollywood journey with films like "Samrat Prithviraj" alongside Akshay Kumar, followed by three other movies, including the latest "Bade Miyan Chote Miyan."

Neha Kant, Founder said, “At Clovia, we believe lingerie should empower women to live life to the fullest instead of holding them back with discomfort or insecurity. Our connection with our customers extends beyond mere products; we promote values of happiness in life by being financially independent, working hard and loving yourself. Manushi embodies all these with the confidence of a champion. Her inspiring journey to making her mark in the tough world of Bollywood resonates deeply with Clovia. We were delighted to welcome her onboard. After all, smart girls do choose Clovia!

 

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Retail India News: TATA Electronics Appoints N ChandraseKaran as Chairman
Retail India News: TATA Electronics Appoints N ChandraseKaran as Chairman
 

N ChandraseKaran, TATA Sons Chairman, is set to assume the role of Chairman at TATA Electronics. This significant move underscores the TATA Group's commitment to its $14 billion investment in the semiconductor business.

ChandraseKaran will replace Banmali Agrawala who has held the post for the last few years. He is already Chairman of many key TATA group companies and will take charge after regulatory approvals. Agrawala who is a key TATA Sons aide has pursued an advisory role recently in the group. The appointment of ChandraseKaran is a significant step as it showcases the importance of the semiconductor business to the conglomerate. N ChandraseKaran also convinced former Intel Foundry Services veteran Randhir Thakur, now CEO and MD, TATA Electronics to be a part of the group in 2023. 

Srinivas Satya, formerly country president of the semiconductor products group at Applied Materials was appointed as Chief Supply Chain Officer and President of Component Business, at TATA Electronics in January 2024.

The Board of TATA Electronics now has the management width and heft to scale up the business. It is now wooing top-tier global clients and may surpass growth expectations. The challenge earlier was talent and technology, and the company is chasing both aggressively to drive growth,” said an executive close to the company

In recent months, Tata Electronics has recruited 50-60 high-level expatriates, harnessing their vast knowledge in semiconductor technology, strategic planning, and design to enhance its business operations. 

Since this is a completely greenfield territory for Tata, Tata Electronics will need a more strategic, measured and bold approach moving towards the 'One Tata' vision laid out by Chandrasekaran. From semiconductor fabs to finished goods, electronics factories are a double-digit billion dollar opportunity and to ensure it has a strong pipeline will warrant a greater involvement from Mr Chandrasekaran himself,” said Counterpoint Research Vice President Neil Shah. 

Established in 2020, this company serves as Apple's exclusive Indian vendor for iPhone enclosure assembly. Besides enhancing its current facility in Hosur, Tamil Nadu, it has acquired a facility from Taiwan's Wistron in Karnataka. Additionally, there are reports indicating its interest in acquiring Pegatron's facility in Tamil Nadu to further expand its capacity.
 

 

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Retail India News: Shashi Ranjan Assumes the Role of Managing Director at Danone India
Retail India News: Shashi Ranjan Assumes the Role of Managing Director at Danone India
 

Danone India, a leading food & beverage brand has announced the appointment of Shashi Ranjan as its new Managing Director. Bringing a wealth of experience from the consumer goods sector and a demonstrated history of leadership, Mr. Ranjan offers valuable insights to propel Danone's growth and innovation within the dynamic Indian market.

In his new capacity,  Ranjan will lead Danone's strategic efforts in India, with a focus on enhancing the company's footprint, fortifying collaborations, and nurturing sustainable expansion. Drawing upon his extensive knowledge of consumer preferences and market trends, he is dedicated to guiding Danone India towards its overarching goal of promoting health through food for the Indian populace.

Christian Stammkoetter, President of AMEA at Danone stated, "We are thrilled to welcome Shashi Ranjan to lead our business in India. His extensive experience and proven track record in the consumer goods industry makes him the perfect candidate to propel Danone's growth and innovation agenda in this important market. We are confident that under his leadership, Danone India will continue to flourish and positively impact the lives of millions of consumers across the country."

Prior to his tenure at Danone India, Mr. Ranjan held the position of President & Country Head at Sebamed in India, where he played a pivotal role in driving the brand's growth and market expansion. Before that, he occupied significant positions at Johnson & Johnson, McKinsey & Company, and IBM Consulting, where he spearheaded market entry strategies and business transformations. Earlier in his career, he contributed to the Indian Government in various administrative and strategic capacities across different regions of India.

Under Mr. Ranjan's leadership, innovation and ongoing enhancement thrive, creating an environment where each day brings prospects for learning and motivation. His designation signifies a bright new phase in Danone India's quest for progress and inventive solutions.

 

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Retail India News: PVR Inox Debuts Super-Premium Director’s Cut Cinema at Kopa Mall, Pune
Retail India News: PVR Inox Debuts Super-Premium Director’s Cut Cinema at Kopa Mall, Pune
 

PVR Inox recently unveiled its new 7-screen multiplex at KOPA Mall in Pune's Koregaon Park. The multiplex features luxury cinema formats - Director's Cut and ICE Theatres. 

The newly launched 7-screen multiplex houses 5 Director’s Cut auditoriums and ICE Theatres along with a premium auditorium featuring 4K Laser projection, Dolby Atmos sound, and Next Generation 3D. Additionally, Gatsby's resto-bar will provide an exceptional experience through its unparalleled premium dining arrangement. The Popcorn Bar serving a wide array of flavored popcorn is another highlight. La Cuisine serving contemporary continental cuisines, and Simply Sushi for its authentic sushi, are also a part of the multiplex. 

The new cinema holds a capacity of 751 accommodations serving a high-end catchment area in Pune and will augment PVR INOX's foothold in the state of Maharashtra with 277 screens in 55 cinemas. The company has expanded its footprint in Western India, now operating 367 screens across 79 cinemas.

"We are excited to bring the first ICE Theatres® and first Director’s Cut experience to the Western Region with Pune. The city’s vibrant and dynamic culture, rich heritage, cosmopolitan charm, and rich understanding of cinematic artistry, make it the perfect backdrop for our newest venture at KOPA, the City’s esteemed lifestyle hub. Through the launch of our new out-of-home destination, we aspire to enrich Pune's cultural panorama while offering audiences a unique blend of cinematic opulence and immersive entertainment.,” Ajay Bijli, Managing Director, PVR INOX Limited, commented.

Directors’ Cut represents the epitome of luxury at PVR INOX, establishing a standard of sophisticated and upscale hospitality and entertainment. With its lavish auditoriums, top-notch projection and surround sound, reclining armchairs complete with pillows and blankets, personalized attendant call system, tantalizing in-seat food and beverage options, and opulent lounges, every aspect is meticulously designed to provide patrons with the utmost comfort and indulgence.

Ashwin Puri, Managing Director and CEO, Lake Shore stated,At KOPA, we have created an unparalleled shopping and dining experience, curated with a unique collection of brands that provide an elevated lifestyle for Pune. We are grateful to our partners at PVR INOX, who have chosen KOPA as their home for the inaugural PVR Director's Cut in the state. This marks another milestone in a deep relationship between our organizations as we collectively seek to provide incomparable experiences for our visitors.”

Renaud Palliere, Chief of The Luxury Collection and Innovation, PVR INOX Limited stated, “In a city that truly understands the richness of cinema, it is only natural that Pune inspires us to build large super premium auditoria through our exclusive Director's Cut and ICE Theatres® adding to the immersive nature and escapism of the super-premium experience. With Gatsby’s, we aspire to introduce a sophisticated gourmet dining and resto-bar concept for discerning patrons, offering a perfect complement to their cinematic experience." 

Featuring a visually striking and sophisticated interior design exuding modern elegance, the cinema is embellished with a tasteful palette of white, black, and grey stone. Meticulously curated to enhance the movie-watching experience, it invites visitors to embark on an extraordinary cinematic journey.

 

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Retail India News: GT Force Aims for Nationwide Expansion with Eastern India Focus
Retail India News: GT Force Aims for Nationwide Expansion with Eastern India Focus
 

GT Force, a pioneering force in electric two-wheeler manufacturing, is staging a triumphant return to the Indian market with a strategic rebranding effort. This initiative underscores GT Force's unwavering commitment to sustainability, innovation, and accessibility as it gears up for nationwide expansion, with a keen focus on capturing the burgeoning PAN India market.

With a track record of success, the brand has collectively sold 20,000 units across four scooter models, including the popular GT Soul, GT One, GT Soul Vegas, GT Drive Pro, GT Prime Plus, and GT Flying. Looking ahead, GT Force is set to introduce a new range of high and low-speed EV two-wheelers, featuring models like GT Vegas, GT Ryd Plus, GT Drive Pro, GT One Plus Pro, and GT Texa.

Rajesh Saitya, Founder and Managing Director, GT Force stated, “Our goal has always been to revolutionize the way people move, and with this rebranding initiative, we are doubling down on our commitment to providing eco-friendly and innovative transportation options to the Indian consumer.

While we temporarily redirected our resources to refine our approach, we were never absent from the market. Our strategic decision allowed us to better target this segment, ensuring that we can serve our customers more effectively with our new EV products. With our renewed focus, we are confident in our ability to meet the evolving needs of consumers, which is why we have chosen East India as our first target. By prioritizing this region, we aim to address the growing demand for electric mobility solutions and lead the charge in India’s electric mobility revolution,” said Taneja, Co-Founder and MD, GT Force.

Established in 2019 under the HOUSTAN INNOVATIONS umbrella, GT Force has been committed to delivering affordable and convenient mobility solutions from its headquarters in Manesar, Haryana. With over five decades of experience in crafting auto electrical components and accessories, GT Force's esteemed team brings a wealth of expertise to the electric vehicle (EV) market.

Central to GT Force's strategy is its innovative aggregator model, allowing the company to offer a diverse range of electric two-wheelers tailored to Indian consumers' preferences. These EVs boast exceptional performance and features, including enduring battery life, highly insulated motors, anti-theft alarms, and regenerative braking.

Saitya further shared on GT Force's vision, “Our vision is not only to provide electric mobility solutions but also to simplify the lives of commuters while addressing pressing environmental concerns. We believe that sustainability and innovation are the cornerstones of a brighter future for transportation.

GT Force's state-of-the-art EV plant in Manesar stands as a testament to the company's commitment to cutting-edge technology and sustainable manufacturing practices. With a daily capacity of 250 units, the plant specializes in lithium batteries, ensuring reliability and innovation throughout production. As GT Force embarks on this new chapter, the company remains steadfast in setting new benchmarks in the electric two-wheeler sector, ensuring that each journey contributes positively to the planet's well-being.

 

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Retail India News: Kansai Nerolac's Profit Goes Up for Fifth Straight Quarter
Retail India News: Kansai Nerolac's Profit Goes Up for Fifth Straight Quarter
 

India's Kansai Nerolac Paints announced a surge in profits for the fifth consecutive quarter, attributing the boost to sustained demand in both decorative and industrial coatings. The thriving real estate sector in India has notably fueled the demand for home paints, benefiting companies like Kansai Nerolac.

While crude prices, a significant factor affecting paint production costs, have slightly eased from their 2022 peaks, they remained higher compared to the previous year during the January-March period. Analysts foresee heightened competition in the industry following Grasim Industries' entrance, further intensifying the landscape already dominated by Asian Paints.

In the quarter ending March, the consolidated net profit of the Kansai Paint Co-owned firm escalated by approximately 24 percent year-on-year to reach Rs 1.16 billion ($13.9 million). Revenues of India's third-largest paintmaker by market capitalization witnessed a modest increase of over 2 percent to Rs 17.69 billion , with total expenses rising by 1.7 percent, propelled by input cost hikes.

"The demand for industrial coatings though good, moderated from previous quarter. Decorative once again recorded double digit volume growth. Going forward, the forecast of a good monsoon should augur well for the paint industry,” concluded Anuj Jain, MD.

 

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Retail India News: Honasa Consumer Limited Releases 'Driven By Purpose' Impact Report
Retail India News: Honasa Consumer Limited Releases 'Driven By Purpose' Impact Report
 

Honasa Consumer Limited, a key player in India's beauty and personal care retail sector, has unveiled its inaugural impact report, 'Driven By Purpose,' evaluated by Aspire Impact Ratings Pvt. Ltd. The report showcases the company's commitment to social and environmental causes, emphasizing responsible governance across its diverse brand portfolio.

The impact report outlines the significant outcomes of various purpose-driven initiatives, evaluating their contributions to economic growth, environmental conservation, and community development. These initiatives have sparked positive transformations across India, spanning 14 states and 2 Union Territories, and fostering sustainable progress and societal advancements.

Starting with Mamaearth's Plant Goodness initiative, which focuses on afforestation and supporting farmer livelihoods, Honasa partnered with the Sankalptaru Foundation to plant 5 lakh trees and empower 581 farmers. This initiative not only promotes sustainable farming practices but also anticipates a substantial annual fruit yield of over 10,000 tons, generating potential revenue exceeding Rs 20 crore. Additionally, it has environmental benefits such as sequestering 250,000 tons of carbon and producing 500,000 tons of oxygen annually, while greening 3,500 acres of land.

Furthermore, Mamaearth's Plastic Positive initiative has successfully recycled 8311 Metric tonnes of plastic, contributing to environmental sustainability. Under The Derma Co brand, Honasa aims to empower underprivileged children through The Young Scientist Program, conducted in collaboration with Bhumi NGO. This initiative focuses on providing practical science education, resulting in a significant increase in science assessment scores among participating children.

Aqualogica's Fresh Water for All initiative addresses the challenge of providing clean drinking water in remote areas. Collaborating with the Watershed Organisation Trust, Aqualogica has installed water tanks in four villages, benefiting 496 households and saving over 400 collective hours daily spent on fetching water.

Lastly, Bblunt, in partnership with the Sambhav Foundation, launched The Bblunt Shine Academy, empowering over 10,000 women across 11 states with hair styling training and certification. This initiative promotes skill development and financial independence, offering both online and offline courses facilitated by master trainers.

Honasa's 'Driven By Purpose' impact report underscores its dedication to driving positive change through sustainable initiatives, further solidifying its position as a socially responsible leader in India's retail sector.
 
Varun Alagh, Co-Founder and CEO, Honasa Consumer Limited commented, “We crafted Honasa with a vision to go beyond products and strived to create a greater impact on the lives our our consumers and the society at large. Within our diverse portfolio of purpose driven "Me & We" brands, each element embodies a commitment to our consumers, our communities, and our planet. The release of our first impact report marks the beginning of a new chapter in the Honasa story. We combine purpose with passion, endeavoring to create beauty that extends well beyond the superficial. Our aim is not merely to address challenges but to make a lasting impression on the lives we touch, ensuring our brands are celebrated not just for their products, but for the depth and reach of their impact.

 

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Retail India News: Wahter's Retail Success Shapes India's Advertising Landscape
Retail India News: Wahter's Retail Success Shapes India's Advertising Landscape
 

Wahter, India's emerging advertising and packaged drinking water brand, has made significant strides since its launch, selling 2 lac bottles within the first month in the Delhi NCR region. This achievement highlights Wahter's commitment to transforming the advertising industry while addressing the pressing need for clean and affordable drinking water nationwide.

With its innovative business model offering bottled drinking water priced at just Rs 1 and Rs 2, Wahter has garnered attention for its fresh approach. The market's response to Wahter's affordable bottled water has been overwhelmingly positive, with robust sales performance and strong consumer interest. Wahter is witnessing high demand, refilling its carts and strollers nearly twice daily at each location. Additionally, consumers are drawn to seeing their favorite brands featured on Wahter's bottles, enhancing the brand's appeal.

Wahter's advertising-driven revenue model is reshaping brand preferences by providing cost-effective advertising solutions with extensive reach. Unlike traditional platforms, Wahter's advertising approach allows precise targeting of marketing efforts, ensuring brands reach specific demographics and geographical areas accurately. Moreover, Wahter offers access to prime high-traffic locations like India Gate and Kartavya Path, typically inaccessible through conventional advertising methods. By utilizing Wahter's bottles as mobile billboards, brands benefit from prolonged visibility as consumers carry the bottles during their daily routines.

Amitt Nenwani, Co-Founder of Wahter said, "Wahter aims to be the premier advertising medium for brands across industries. Within the next five years, our goal is to establish Wahter as the first choice of advertising platform for the top 100 brands, offering unparalleled visibility and engagement opportunities to advertisers. Additionally, consumers are eager to see their favorite brands featured on our bottles.

According to Wahter, their partnership with the Shoobhi Foundation (BoAt) demonstrated the platform's effectiveness, achieving an ROI of around 18 percent with over 12 thousand scans from just 65 thousand bottles. They garnered over 50,00,000 eyeballs across Delhi NCR, including demographics often overlooked by traditional advertising.

Looking ahead, Wahter plans to expand its reach and impact by partnering with leading brands across industries, positioning itself as the go-to platform for advertising needs. The company remains committed to its core values of affordability, sustainability, and accessibility, shaping the future of advertising in India and beyond.

 

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Retail India News: Acer Unveils TravelLite Laptop Tailored for Business Needs
Retail India News: Acer Unveils TravelLite Laptop Tailored for Business Needs
 

Acer, a prominent player in the PC industry, has introduced the TravelLite laptop, designed specifically to cater to the requirements of businesses. Engineered in India as part of Acer's Make in India initiative, these laptops offer a selection of Intel Core processors, ensuring seamless multitasking, enhanced productivity, and efficient performance for both work and leisure. Weighing just 1.34 kg, the TravelLite is built for mobility, making it an ideal choice for professionals who are frequently on the move.

The TravelLite laptop boasts FHD resolution and comes with a built-in privacy camera shutter for added security. It incorporates advanced security features such as Trusted Platform Module (TPM), discrete TPM 2.0, BIOS user and supervisor passwords, a Kensington lock slot, and an optional fingerprint reader. With its metal-aluminum body, 180° hinge design, and MIL-STD 810H certification, TravelLite ensures durability and resilience against environmental factors, offering users a reliable and rugged device capable of withstanding various conditions.

Acer's commitment to environmental sustainability is reflected in the TravelLite laptop, which adheres to CE, CB, FCC, Energy Star 8.0, and ROHS standards, allowing users to embrace cutting-edge technology while minimizing their environmental impact.

Featuring a 14-inch full HD display with a high-brightness Antiglare TFT LCD, the TravelLite laptop offers an exceptional viewing experience. Its ultra-slim design enhances portability, while the environmentally conscious display promotes responsible usage. Equipped with integrated Intel Iris Xe Graphics, the TravelLite delivers vivid visuals, making it suitable for multimedia editing, high-definition video playback, and graphics-intensive tasks.

The laptop provides flexible storage options with SSD capacities up to 1TB Gen4 NVMe, enabling users to customize their storage for quick data access and optimal system responsiveness. It offers various USB ports, including USB 3.2 Gen 2 and USB Type-C Full functional port, along with dual-channel DDR4 memory supporting up to 64GB RAM, ensuring a responsive and powerful computing experience.

Sudhir Goel, Chief Business Officer at Acer India said, “We are excited to introduce the Acer TravelLite, a laptop designed to redefine portability and productivity for businesses. With its robust processors, durable construction, and eco-friendly design, TravelLite reflects Acer's commitment to innovation in Make in India efforts. This device offers professionals a reliable and high-performance computing solution that adapts to their changing needs, enabling uninterrupted productivity while on the move. Moreover, with advanced security features like TPM, discrete TPM 2.0, BIOS user and supervisor passwords, a Kensington lock slot, and an optional fingerprint reader, TravelLite enhances data protection, offering professionals peace of mind in today's digital landscape.

With a choice of battery options, including a 36Whr 3-cell Li-ion pack and an optional 49Whr 4-cell Li-ion pack, the TravelLite ensures all-day productivity. Its long battery life of up to 10 hours, combined with fast charging alternatives, offers users uninterrupted productivity even during extended use. Additionally, the spill-resistant keyboard and built-in click pads with Microsoft Precision multi-gesture and scrolling functions enhance user control and navigation.

 

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Retail India News: Avenue Supermarts' Q4 Net Profit Surges to Rs 563 cr, Up by 22.39 pc
Retail India News: Avenue Supermarts' Q4 Net Profit Surges to Rs 563 cr, Up by 22.39 pc
 

Avenue Supermarts Ltd, which is known to own and operate D-Mart stores has reached high markings in net profits reporting a 22.39 per cent rise at Rs 563 crore for the fourth quarter ended March 2024. The company had recorded a consolidated net profit of Rs 460 crore in the corresponding quarter of the previous fiscal, said Avenue Supermarts in a regularity filing. The company’s total revenue for the quarter stood at Rs 12,727 crore as compared to Rs. 10,594 crore in the previous year. 

In the fiscal year ending March 2024, the company reported a consolidated net profit of Rs 2,536 crore, compared to Rs 2,378 crore in FY23. In FY24, the company's total consolidated revenue amounted to Rs 50,789 crore, representing a notable increase from Rs 42,840 crore in FY23.

Neville Noronha, Avenue Supermart managing director, said that DMart the brick-and-mortar business, marked the ending of the year with growth across key financial parameters of revenue, EBITDA, and PAT.

The company launched 41 new stores during the year which makes its total store count stand at 365. 

“Q4 FY2024 saw a continued uptick in the contribution from general merchandise and apparel. We are now present across 23 cities in India, ”Noronha said.

D Mart Ready started operating in one new city (Gurugram) during the year while it continues to deepen its presence in existing cities. 

 

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Retail India News: Raymond Limited Achieves Record Revenue and Profit in FY24
Retail India News: Raymond Limited Achieves Record Revenue and Profit in FY24
 

Raymond Limited has announced its audited financial results for the year ending March 31st, 2024. In FY24, Raymond achieved its highest-ever annual revenue of Rs 9,286 crore and EBITDA of Rs 1,575 crore, with an EBITDA margin of 17.0 percent. Despite subdued consumer demand and challenging market conditions in the Lifestyle business, Raymond experienced robust growth in the Branded Apparel, Garmenting, and Real Estate segments, resulting in an impressive 11 percent revenue growth compared to the previous year. The Real Estate segment performed exceptionally well throughout the year, securing a total booking value of Rs 2,249 crore.

In Q4FY24, Raymond delivered a record-breaking performance in terms of both revenue and profitability, marking the 11th consecutive quarter of sustained growth. During this quarter, revenue increased by 23 percent YoY, reaching Rs 2,688 crore, with the highest-ever EBITDA of Rs 516 crore and EBITDA margin of 19.2 percent. Strategic emphasis on premiumization, casualization, and expansion of distribution channels significantly contributed to the robust growth of the Branded Apparel business, with revenue increasing from Rs 332 crore in Q4FY23 to Rs 409 crore in Q4FY24.

Raymond also completed the business acquisition of Maini Precision Product Ltd during the quarter, marking its foray into the aerospace, defense, and EV components business. Subsidiaries focusing on aerospace defense and auto components with EV and engineering consumables sectors will be created post-consolidation, each charting its unique growth path.

The proposed demerger of the Lifestyle Business is progressing as planned, with SEBI, shareholder, and creditor approval already obtained. A hearing at NCLT is scheduled on 9th May 2024 for the approval of the demerger.

Gautam Hari Singhania, Chairman and MD, Raymond Limited said, “I am satisfied with the performance across businesses, and they have demonstrated consistent growth throughout the year. Our Lifestyle business showed strong perseverance and recorded growth despite headwinds and muted consumer demand. For our Real Estate business, we have maintained strong booking momentum particularly with the launch of our first JDA project in Bandra, Mumbai. We remain committed to delivering value to stakeholders and are confident in our ability to capitalize on growth opportunities, ensuring sustained success in the future. We have our three verticals vis Lifestyle, Real Estate and Engineering business that are future growth engines which is in line with India’s vision of Viksit Bharat.

In Q4FY24, Raymond's segmental performance showcased steady growth across various segments, maintaining or improving sales and EBITDA margins compared to the previous year. The Branded Apparel segment reported a 23 percent growth in sales, while the Real Estate business witnessed a 134 percent growth in sales, demonstrating strong customer confidence and acceptance of high-quality products.

 

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Retail India News: Katrina Kaif's Kay Beauty Makes its Debut in the UAE Market
Retail India News: Katrina Kaif's Kay Beauty Makes its Debut in the UAE Market
 

Katrina Kaif, renowned Indian actress and entrepreneur, has expanded her beauty brand, Kay Beauty, to the United Arab Emirates, marking the brand's first international foray. The much-anticipated launch took place at Nysaa, the UAE's newest beauty hotspot, where Kay Beauty's exclusive range is now available.

Established in collaboration with Nykaa, India's premier beauty retailer, Kay Beauty stands out as India's first celebrity-led makeup brand. Known for its innovative approach and high-quality products, the brand has quickly risen to prominence within the Indian beauty market. Designed to merge high glamour with skincare, Kay Beauty's products range from lipsticks and eyeshadows to foundations and nail colors, all crafted to meet the needs of diverse beauty enthusiasts.

At the heart of Kay Beauty is the philosophy #ItsKayToBeYou, a message of self-acceptance and empowerment championed by Kaif. "With the brand’s core philosophy, #ItsKayToBeYou, Katrina promises us a piece of Kay Beauty that’s made especially for us," stated the brand's release.

Since its inception, Kay Beauty has seen remarkable growth, achieving a gross margin value of Rs 1.5 billion in just over four years and establishing a robust presence across India, both online and in over 300 retail locations.

Katrina Kaif, Co-Founder, Kay Beauty states, “It gives me immense joy to finally bring Kay Beauty to the UAE. It was always my vision to take Kay Beauty global and share our offering with customers across different geographies, so they can experience the product first-hand. The brand's foray into the GCC allows us to tap into a market that is very passionate about beauty and Indian cinema, both. It is a strategic move for us to launch Kay Beauty in the region via an omnichannel retail presence. GCC welcomes so many ethnicities, genders, and ages and Kay Beauty’s core philosophy is to cater to all skin tones, while staying true to the promise of #makeupthatkares.” 

Adwaita Nayar, the Co-Founder of Nykaa and CEO of Nykaa Fashion, said, “I’m thrilled to announce the arrival of Kay Beauty in the GCC region, in collaboration with omnichannel retailer Nysaa. Kay Beauty has made significant waves in India with its innovative and inclusive products and has resonated deeply with Indian consumers from all walks of life. With the GCC becoming a hub for all beauty enthusiasts who love to discover and try new products in the market, we can’t wait to enter the region.”

Kay Beauty launches in the UAE with an extensive range of over 60+ SKUs for lips and face, and about 30+ SKUs for nails and eyes, catering to every beauty need and preference. The brand's commitment to inclusivity and high performance, combined with its cruelty-free promise, positions it as a top choice for makeup lovers in the region.

With this strategic move, Kay Beauty not only brings its celebrated range to the UAE but also aims to make a significant impact in a region known for its diverse demographic and passion for both beauty and Indian cinema.

 

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Retail India News: IBAEUTY Launches "Gulabo," a Serumised Pink Tint for Brown Skin
Retail India News: IBAEUTY Launches "Gulabo," a Serumised Pink Tint for Brown Skin
 

IBAEUTY, a trailblazer in the conscious beauty industry, has unveiled "Gulabo," a revolutionary product designed to meet the unique needs of brown skin tones. This serumised pink tint is not only buildable and sheer but also pioneers a new approach by integrating both skincare and makeup elements.

Manya Nayar, the founder of IBAEUTY, emphasizes the brand's commitment to breaking barriers: “Liberated from the confines of gender-specific beauty standards, IBAEUTY is a shining example of inclusivity. Understanding that all genders and skin types represent flawless beauty, IBAEUTY's products like 'Gulabo', have been tailor-made to go beyond conventional limits and provide a comprehensive combination of skincare and makeup. It's enhanced with peptides to satisfy the skin's collagen diet, reduce inflammation, manage breakouts, and strengthen the skin barrier—all in line with our 50 percent skincare, 50 percent makeup approach. We aspire to set new standards for beauty and inclusivity.”

"Gulabo" features high-quality ingredients like Acai oil from Brazil, rich in Anthocyanins and Phenols, to enhance skin radiance and fight oxidative stress. Additionally, it contains Hyaluronic Acid, carrot seed oil, and chamomile oil, which together improve skin texture, elasticity, and appearance.

This innovative product not only revitalizes the skin by addressing issues such as inflammation and breakouts but also promotes a youthful, plump, and naturally radiant complexion. Priced at Rs. 840.00, "Gulabo" is now available at leading online retailers including Tira, Amazon, Flipkart, Tressmart, Vanity Wagon, Kindlife, Meola, Netmeds, Ajio, JioMart, and Hypd.

IBAEUTY invites everyone to explore "Gulabo" and embrace a new standard of beauty that celebrates diversity and empowers individual expression.

 

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Retail India News: Yoho Announces Strategic Expansion to Boost Global Presence and Product Offerings
Retail India News: Yoho Announces Strategic Expansion to Boost Global Presence and Product Offerings
 

Yoho, a popular footwear brand known for its blend of comfort and affordability, has unveiled a comprehensive growth strategy aimed at expanding its reach and product line. With a target to achieve Rs 100 crore in Annual Recurring Revenue (ARR) during the current fiscal year, the company is setting its sights on new markets and a broadened catalog to address the evolving needs of its customers.

Yoho's latest initiative includes entering the export markets of the Middle East, Africa, and the United States, as well as introducing a variety of new products and styles. Furthermore, the company anticipates doubling its team size to support this expansion.

"As Co-founders of Yoho Lifestyle, Prateek and I are thrilled to announce our company's expansion into international markets. Our vision has always been to provide stylish and comfortable footwear solutions to customers worldwide, and this expansion is a significant step towards realizing that vision. We have set our eyes on crossing Rs 100 crores ARR for the financial year and this expansion strategy will be instrumental in realizing that,” stated Ahmad Hushsham, Co-founder at Yoho.

Sanjeev Misra, Director at Yoho Lifestyle and a seasoned export industry expert, also expressed his enthusiasm about the company’s strategic direction. "Yoho's entry into export markets is a testament to its commitment to growth and excellence. The company has seen a great growth of 3x in the last 6 months domestically and the decision to meet the rising needs of international markets depicts the kind of growth Yoho is looking at in the near future. With a strong focus on quality craftsmanship and customer satisfaction, Yoho is well-positioned to make a significant impact in international markets," Misra noted.

Yoho aims to leverage the global demand for high-quality footwear to not only meet international consumer needs but also to enhance its standing as a leader in the footwear industry. The company's new chapter is marked by its goal to innovate continually and introduce exciting new products, such as the groundbreaking 'Blinc,' which promises to redefine expectations within the footwear sector.

The move to expand into new markets represents a pivotal moment in Yoho's history, signaling its readiness to transform the footwear industry on a global scale.

 

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Retail India News: Nippon Paint Launches Innovative Nspire Store in Bengaluru
Retail India News: Nippon Paint Launches Innovative Nspire Store in Bengaluru
 

Nippon Paint, Asia Pacific's leading paint manufacturer, has expanded its retail presence with a new Nspire store in Bengaluru, Karnataka. Situated in the bustling Kaval Byrasandra area, this concept store is designed to offer a comprehensive shopping experience, featuring a wide range of exclusive Nippon Paint products along with professional painting advice.

The store was inaugurated in collaboration with Hoysala Associates, spearheaded by Mr. Hemanth Kumar C R, a well-established distributor known for his expertise in wall putty and construction products. Hoysala Associates has been a robust partner, delivering an extensive array of Nippon Paint’s decorative paints, construction chemicals, and sealants to the Bengaluru market over the past three years.

Located at 740, 1st Main Road, near Ambedkar Medical College on Shampura Main Road, the new Nspire store is poised to transform the paint shopping experience in the city. It features interactive touch-and-feel panels that display various paint textures and finishes, alongside specialized zones designed to help customers visualize different wall effects.

A key highlight of the store is its virtual visualizer technology, which enables customers to try out various paint colors and combinations, helping them visualize the potential outcomes in their own spaces. The opening event was attended by key figures from Nippon Paint, including Mark Titus, VP of Marketing – Decorative Division, and Vinay Padasalgi, General Manager, Rest of Karnataka Market.

"Through this latest Nspire store launch in Kaval Byrasandra, Bengaluru, we aim to provide our valued customers with a unique and convenient shopping experience. Here, they can explore our exclusive range of Nippon Paint products and receive expert painting advice, all under one roof. With innovative features like virtual visualizers, we empower our patrons to make informed decisions and envision their dream spaces. This endeavor reflects our unwavering commitment to providing unparalleled quality and service to our customers," stated Mark Titus.

The Nspire store initiative by Nippon Paint reflects the brand's ongoing commitment to enhancing customer experience and service excellence in the decorative paint industry.

 

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Retail India News: Simpli Namdhari's Unveils "WhatAir" Mineral Water, a New Eco-Friendly Beverage Solution in Bangalore
Retail India News: Simpli Namdhari's Unveils "WhatAir" Mineral Water, a New Eco-Friendly Beverage Solution in Bangalore
 

In a pioneering move for the retail sector, Simpli Namdhari's, a leader in India's 100 percent omni-channel retail space, has launched "WhatAir" mineral water, marking a significant advancement in the beverage industry. This innovative product, crafted using advanced technology to convert air into water, aims to tackle the critical water shortage issues in Bangalore.

As Bangalore grapples with severe water scarcity, Simpli Namdhari's steps forward as the first retailer in the city to offer "WhatAir" through its retail channels. This launch not only underscores the retailer’s commitment to sustainability but also positions it as a front-runner in leveraging technology to solve environmental problems.

Hema L, Head of Marketing at Simpli Namdhari's, emphasized the importance of innovation in addressing ecological crises. "At Simpli Namdhari's, we recognize the urgency of addressing the water crisis in Bangalore. We believe that innovation is the key to finding sustainable solutions to environmental challenges. With the launch of 'WhatAir' mineral water, we are proud to contribute to water conservation efforts and provide consumers with a product that not only meets their hydration needs but also supports environmental sustainability. We are thrilled to have played a key role in bringing this innovative solution to market," she said.

"WhatAir" mineral water is now accessible to consumers at all Simpli Namdhari’s retail outlets. The product offers a sustainable and refreshing alternative to traditional bottled water, aligning with the growing consumer trend towards eco-friendly products.

This initiative not only reflects Simpli Namdhari’s dedication to innovation but also its commitment to contributing positively to the community by providing sustainable solutions to ongoing environmental challenges.

 

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Retail India News: Force Motors Unveils the New 5-door and 3-door Gurkha Pricing
Retail India News: Force Motors Unveils the New 5-door and 3-door Gurkha Pricing
 

Force Motors, an Indian multinational automotive manufacturing company, has recently announced the pricing of its all-new 5-door & 3-door 2024 Force Gurkha. This new model was showcased to the media a few days back. 

The ex-showroom pan India pricing for the 3-door variant (4-seaters) is Rs. 16,75000 and for the 5-door (7-seater variant), the pricing will be Rs. 18,00,000. The customers will have to pay for the accessories, road tax, registration, and insurance charges. 

The new variants are available to order on the new Force Gurkha website. Interested customers can make the bookings by paying Rs. 25,000 at the nearest Gurkha dealership. The newly launched versions are powered by a 2.6 litre turbocharged inter-cooled diesel engine which will deliver 140PS and a peak torque of 320mn over a wide band ranging from 1400 to 2600rpm. 

“The Force Gurkha is a testament to our commitment towards providing an unparalleled driving experience by combining our legacy of robust engineering and manufacturing excellence,” said Prasan Firodia, Managing Directors, Force Motors. 

Firodia then added, “India’s diverse geography offers innumerable opportunities to explore and experience, from snow-capped peaks to deserts, scenic coastlines, tropical rainforests, wildlife sanctuaries, and ancient architectural heritage sites. The Force Gurkha is a unique vehicle that is equally comfortable doing daily commutes, highway drives, and overlanding across the country.” 

The all-new Force Gurkha features a class-leading ground clearance of 23mm, 18-inch wheels, 35-degree gradability, and 700mm water-wading capability. 

 

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Retail India News: PNGS Gargi Fashion Jewellery Ltd Sees 76 pc Surge in Annual Sales in FY24
Retail India News: PNGS Gargi Fashion Jewellery Ltd Sees 76 pc Surge in Annual Sales in FY24
 

In the dynamic retail fashion jewelry sector in India, PNGS Gargi Fashion Jewellery Ltd (Gargi) has delivered an impressive financial performance for the fiscal year spanning April 2023 to March 2024. The company witnessed a significant surge in annual sales, soaring by 76.07 percent to Rs 50.48 crore, compared to Rs 28.67 crore in the previous year. Additionally, Gargi continued its upward trajectory throughout the year, with net profit increasing by 80.38 percent to Rs 8.46 crore for the year ended March 2024, compared to Rs 4.69 crore in the previous year.

In the final quarter ending March 2024, Gargi exhibited exceptional growth, achieving sales of Rs 15.38 crore, marking a remarkable growth rate of 116.93 percent. This quarter also witnessed a substantial increase in net profit, which surged by 74.07 percent to Rs 2.35 crore compared to the previous quarter ended March 2023.

Aditya Modak, Co-Founder of Gargi by PNGS said, "We are thrilled to witness such remarkable growth in sales and net profit, which reflects the dedication and hard work of our team, as well as the trust and support of our customers. These results underscore our commitment to delivering exceptional products and experiences."

With a portfolio boasting over 15,000 SKUs, Gargi has achieved remarkable milestones, experiencing exponential growth in its first year, with a 6x increase in revenue. The company's listing on the Bombay Stock Exchange (BSE) further solidified its position as a market leader, attracting customers and driving growth. With a quadruple increase in customer numbers, Gargi is confident in the trust and confidence its customers place in the brand.

With a presence in 18 locations across 10 metro cities and 6 states, Gargi is poised for continued growth and success, with robust plans in place for the financial year 2024-25.

 

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Retail India News: Blackberrys Launches TechPro Line for Men
Retail India News: Blackberrys Launches TechPro Line for Men
 

Blackberrys, the leading contemporary menswear brand in India, has introduced its innovative TechPro Collection '24 across its nationwide retail stores, revolutionizing the landscape of men's fashion. The TechPro range seamlessly blends style and functionality, catering to the diverse needs of today's modern man who values comfort, style, and adaptability in every aspect of his daily life.

Crafted from stretchable, wrinkle-resistant, and smart-dry fabrics, the TechPro Collection enables men to effortlessly transition from work to leisure, offering unparalleled comfort and style. To commemorate the launch, Blackberrys transformed 75 stores into dynamic Zumba hubs, where certified instructors showcased the collection's features through energetic dance moves, enhancing the shopping experience for consumers.

Nitin Mohan, Director of Blackberrys said, “Our TechPro Collection marks a significant milestone for the contemporary Indian man, providing unmatched comfort and style for every facet of their busy lives. Whether you're a frequent traveler, a driven professional, or a fashion-forward individual, our collection is tailored to elevate your style effortlessly.

The TechPro range encompasses a versatile array of formal shirts, trousers, blazers, khakis, t-shirts, and all-season jackets, designed to offer unrestricted movement without compromising on style. Available at Blackberrys outlets across major cities, the collection ensures a perfect fit for every individual, reflecting the brand's commitment to delivering premium quality and contemporary fashion to its customers.

 

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Retail India News: Havells India Reports 24.76 pc Jump in Q4 Net Profit, Eyes Retail Growth
Retail India News: Havells India Reports 24.76 pc Jump in Q4 Net Profit, Eyes Retail Growth
 

In the retail landscape of India, Havells India, a prominent home appliances maker, announced a consolidated net profit of Rs 446.7 crore for the quarter ending on March 31 for the financial year 2024 (Q4 FY24). This marks a significant 24.76 percent increase in net profit from Rs 358.04 crore reported in the corresponding period last year. Sequentially, net profit surged by 55.15 percent from Rs 287.91 in the last quarter.

The company also witnessed a notable uptick in consolidated income, which went up by 12.47 percent to Rs 5,517.77 crore in Q4 FY24 year-on-year (Y-o-Y) from Rs 4,905.92 crore. Sequentially, total income rose by 23.45 percent from Rs 4,469.75 crore in Q3.

For the entire financial year, Havells India reported a net profit of Rs 1,270.76 crore, marking an 18.57 percent increase from Rs 1,071.73 crore at the end of FY23. Total income for FY24 stood at Rs 18,838.97 crore, up 10.24 percent Y-o-Y from Rs 17,088.44 crore.

According to an exchange filing, Earnings before interest, taxes, depreciation, and amortization (Ebitda) rose by 20.4 percent Y-o-Y to Rs 635 crore, and Ebitda margin expanded 81 basis points to 11.66 percent. Havells India highlighted that cables and wires maintained their growth momentum, growing 14 percent in FY24 compared to FY23, driven by infrastructure-led demand. Additionally, Lloyd Consumer witnessed a 12 percent Y-o-Y growth at Rs 3,785 crore in FY24.

Despite facing challenges such as a higher base and persistent price deflation, the company reported decent growth in the switchgear segment and healthy volume growth in lighting. In a move to reward its shareholders, the board of directors recommended a final dividend of Rs 6 per equity share of Re 1 each for the financial year 2024, in addition to the interim dividend declared during FY24 for an amount of Rs 3 per share.

 

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Retail India News: Procter and Gamble India Q3 Results: Profit Down 6.45 pc, Revenue Up 13.48 pc
Retail India News: Procter and Gamble India Q3 Results: Profit Down 6.45 pc, Revenue Up 13.48 pc
 

In the retail sector in India, Procter and Gamble Hygiene and Health Care Ltd (PGHH) faced a 6.45 percent decline in profit after tax, amounting to Rs 154.37 crore in the third quarter ending March 2024. This decrease was primarily due to one-time tax impacts. In the corresponding quarter of the previous fiscal year, the company reported a profit after tax of Rs 165.02 crore.

However, despite this decline in profit, PGHH witnessed a significant increase in revenue from operations, soaring by 13.48 percent to Rs 1,002.17 crore during the same quarter. This marked a notable rise from Rs 883.09 crore reported a year ago.

According to the company's earnings statement, the Profit After Tax (PAT) decline was attributed to "one-time tax impacts in the base as well as current quarters." However, it noted that the PAT was "up 50 percent operationally fueled by product-price mix and productivity interventions."

During the March quarter, PGHH's total expense rose to Rs 781.82 crore, reflecting a 3.97 percent increase compared to the same period the previous year. Additionally, its total income, inclusive of other income, surged by 13.17 percent to Rs 1,015.76 crore in the same quarter.

LV Vaidyanathan, the Managing Director of PGHH, commented, "We delivered strong top-line growth despite a challenging operating environment, driven by superior products that are delighting and serving consumers' evolving needs.

PGHH owns renowned brands such as Vicks in healthcare and Whisper in feminine care, showcasing its strong presence in the retail sector in India.

 

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Retail India News: Indian Gem and Jewellery Sector Attains AEO Status
Retail India News: Indian Gem and Jewellery Sector Attains AEO Status
 

The Gem and Jewellery Export Promotion Council (GJEPC) recently announced a significant milestone for the gem and jewellery industry in India. After collaborative efforts between the GJEPC and the Ministry of Finance, the Authorized Economic Operator (AEO) status has been extended to the gem and jewellery sector. This status, introduced as a pilot project in 2011, aims to streamline export operations across sectors, leading to notable time and cost savings for exporters.

Initially excluded from the AEO program, the gem and jewellery sector successfully advocated for inclusion through engagement with relevant ministries. Now, units within the industry are eligible to apply for participation, enabling them to access associated benefits.

In light of this development, the GJEPC organized an Outreach Program focused on obtaining AEO status. Held on March 18, 2024, at the Bharat Diamond Bourse, the event aimed to bring together industry stakeholders interested in enhancing international trade operations, strengthening supply chain security, and boosting global competitiveness.

Already, 20 companies have applied for AEO status, with Asian Star, a prominent diamond and diamond jewellery manufacturer, becoming the first in the Indian gem and jewellery industry to receive the certificate. The GJEPC extends its gratitude to the Government, particularly the Ministry of Finance, for considering the council's request and including the gem and jewellery industry in the AEO program.

 

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Retail India News: Bisleri Collabs With Gauri Khan for Limited Edition Sparkling Water
Retail India News: Bisleri Collabs With Gauri Khan for Limited Edition Sparkling Water
 

Bisleri International has recently joined hands with Indian film producer and fashion designer Gauri Khan for the launch of its special edition sparkling water. In this joint venture, Khan works her design magic, fashioning a bespoke label for Vedica Himalayan Sparkling Water, infusing it with her signature style. The brand also highlighted the process behind the label’s inception with a short film. 

"Gauri Khan, renowned for her embodiment of elegance and contemporary aesthetics, seamlessly aligns with this partnership. Her designs, both modern and timeless, fortify our positioning of Vedica Himalayan Sparkling Water within our discerning audience,” stated Jayanti Khan Chauhan, vice chairperson, Bisleri International.

This limited-edition sparkling bottled water will be made available in select channels and markets across the country.

I’m excited to partner with a premium brand like Bisleri Vedica, known for its graceful adaptation to evolving trends and consumer expectations. Inspired by my recent mountain expedition, the label design features golden accents that reflect the celestial allure of the night sky, adding a luxurious touch,” commented Gauri Khan. 

Bisleri International’s beverage category, Vedica known for expanded offerings with the launch of Vedica Himalayan Sparkling Water in 2023.

 

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Shopper Stop's Q4 Results: Growth Stays Robust Despite Market Softness
Shopper Stop's Q4 Results: Growth Stays Robust Despite Market Softness
 

Shoppers Stop Ltd, a leading retail department store in India, recently disclosed its financial results for the quarter ended March 31, 2024.

Kavindra Mishra, the Managing Director and CEO of Shoppers Stop Ltd, emphasized the company's consistent performance in the face of prevailing market challenges. Mishra stated, "Shoppers Stop delivered consistent performance despite continued softness in demand. We remain focused on driving operational excellence and our long-term goal is to increase the overall margins."

Mishra highlighted the company's efforts to enhance the customer experience, noting that loyal customers accounted for a significant portion of their sales. He mentioned, "I am happy to say that we have made concerted efforts to further improve and sustain our excellence in the customer journey, which is evident with our Loyal Customers contributing 78 percent of our total sales."

During the quarter, Shoppers Stop experienced a 9 percent increase in sales, with EBITDA standing at Rs 199 crore. Mishra acknowledged that the EBITDA was impacted by one-time investments in the beauty segment and write-offs of inventory, totaling Rs 14 crore during the quarter.

The company continued its expansion efforts by opening 7 department stores, 3 beauty stores, and 12 Intune stores in the quarter. Mishra said, "Our investments in opening new stores continue and we have opened 55 stores, including our 'New Business' Intune wherein we opened 22 stores during FY24."

Looking ahead, Mishra expressed confidence in the medium to long-term potential of retail growth. He outlined key strategies, including focusing on customer journey, premiumization, and expanding into high-growth segments.

The performance of strategic pillars in Q4FY24 is as follows:

  • First Citizen: First Citizen members contributed 78 percent of sales, with 65 percent being repeat members. The company added 180K members during the quarter, bringing the total base to 9.9 million.
  • Private Brands: Private brand sales were at Rs 145 crore, with challenges remaining in certain categories despite an inventory reduction.
  • Beauty: Beauty sales reached Rs 218 crore, growing by +7 percent, and contributing 18 percent to overall sales. The company launched the largest beauty store in the country at Quest Mall, Kolkata.
  • INTUNE: The INTUNE segment saw promising growth, with 12 new stores added during the quarter and expansion into three new cities.
  • Beauty Distribution: Beauty distribution business recorded Rs.42 crore in sales, expanding its network to over 436 doors and adding new brands to its portfolio.
  • Store Expansion: The company launched 22 stores during the quarter, with a total capex investment of Rs 84 crore.

Shoppers Stop's robust performance amidst market challenges underscores its resilience and strategic initiatives in the retail landscape.

 

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Retail India News: Hindustan Unilever Targets Major Brands for Volume Expansion
Retail India News: Hindustan Unilever Targets Major Brands for Volume Expansion
 

Hindustan Unilever is all set to focus on bigger brands to boost volumes. The company explains that the lack of pricing growth in the latest quarter reflects ongoing price cuts in price-sensitive segments such as laundry and soaps. Rohit Jawa, the Managing Director of Hindustan Unilever, voices his discontent with the company's volume growth. He emphasizes that despite shifting consumer preferences towards larger and premium brands, Hindustan Unilever maintains its pricing power intact.

We don’t want volume to be just 2 percent and want to see it grow- that is our focus. We are not going to wait for the macros to improve, but we’ll go where the growth is and work actively towards that. The tailwinds including improving macros and agrio economy will benefit HUL. But in the meantime, we are not waiting, we are going to do what we can do. That will only make us stronger because we are chasing more volume and more mix by going more and more into high-growth spaces, channels, and formats, and putting more funds and people there.” The company recorded a 6 percent drop in net profit while revenue was not changed, said Rohit Jawa.

The company is planning to transform its 90-year-old legacy business to chase and invest in high-growth areas. It is going to be targeting 19 big brands, each marking annual sales over Rs 1000 crore, contributing 80 percent of sales.

Over the past few quarters, small brands have been experiencing a revival. Nearly 500 direct-to-consumer or digital-only brands have been recorded in the beauty and skincare brand. 

 

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Retail India News: Kalyan Jewellers Transforming Itself From a Regional Brand into a National Player
Retail India News: Kalyan Jewellers Transforming Itself From a Regional Brand into a National Player
 

Kalyan Jewellers, a renowned figure in India's jewelry sector, stands as one of the nation's oldest family enterprises. The jewelry brand has been successful in transforming itself from a regional brand to a national player, and in fact, is in sync with the ever-changing consumer demands. Initially, associated with the textile business (from manufacturing to retailing), Kalyan’s very first jewelry showroom was launched in 1993 in Thrissur, Kerala. Later on, the brand opened another store in Ahmedabad in 2012, which was also the year when Bollywood actor Amitabh Bachchan became its brand ambassador. 

Kalyan Jewellers marked the opening of its 250th showroom in Ayodhya in February 2024. Presently, it exists across 23 states/union territories in India along with four countries in the Middle East. In the beginning of 2023, announced to launch 52 new showrooms across India. The brand is now entering into non-South markets like Bhilai, Jamshedpur, Rourkela, Patiala, Jammu, Haldwani, Haridwar, Dehradun, Nawada, and Anand.

We are now targeting to launch 80 showrooms, aiming to consistently focus on increasing our retail footprint across the non-South markets in India, particularly focussing on states such as Uttar Pradesh, Haryana, Jharkhand, Bihar, and Maharashtra. Driven by robust network expansion along with healthy same-store-sales-growth, the year has been good for the brand with positive performance across all quarters” said Ramesh Kalyanaraman, Executive Director – Kalyan Jewellers.

Kalyan Jewellers aims to reach up to 31 percent consolidated revenue growth for the first nine months of the financial year 2024.

 

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Retail India News: Jaquar Disrupts Indian Shower Scene with New Tech
Retail India News: Jaquar Disrupts Indian Shower Scene with New Tech
 

Touch, the most intimate and intuitive of all human senses, has expanded its influence on the shower experience with Jaquar's latest innovation – Qloud. This cutting-edge shower system aims to transform the way individuals interact with their showers daily.

Sandeep Shukla CMO, of Jaquar Group said, "Behind the elegant interface of Jaquar Cloud lies a robust system engineered to withstand tough Indian operating conditions and provide dependable performance. From hardy sensors to super-responsive electronic valves, every aspect of Sloud is designed to enhance your showering pleasure."

Rajesh Laikh, Executive Vice President, Crescent said, “Touch is not just a sensation; it's a gateway to our world. It connects us, empowers us, and makes the virtual tangible. With Jaquar Qloud, this power is harnessed to redefine your showering experience. Imagine stepping into your shower and effortlessly controlling your showering environment with just a gentle touch.

More than just a shower, Jaquar Qloud is a pioneering technology-enabled system designed to deliver premium showering experiences with simplicity and intuitiveness. Offering various shower modes, from rain showers to mist and waterfall settings, Qloud responds instantly to user commands, resembling the touch interfaces ubiquitous in daily life.

Functionality meets sophistication in Jaquar Qloud, with its thermostatic shower mixer ensuring precise control over temperature, water flow, and mode selection. Combining analog and digital control systems, Qloud guarantees unmatched showering experiences consistently. Available in multiple configurations and six-color finishes to complement any bathroom decor, Jaquar Qloud offers customization options to suit individual preferences. Its trim plate accommodates up to four touch buttons, enabling personalized shower experiences.

Crescent's visually captivating product film, available on Jaquar's YouTube channel, showcases the seamless integration of technology and showering pleasure offered by Qloud. With floating clouds in the backdrop, the film epitomizes the ease and joy of showering with this innovative technology, making Jaquar Qloud a coveted addition to any bathroom.

 

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Retail India News: Samsung Introduces Range of AI TVs in India
Retail India News: Samsung Introduces Range of AI TVs in India
 

Samsung, India’s largest consumer electronics company, has introduced a new range of AI TVs at the 'Unbox and Discover' event in Bengaluru's Samsung Opera House. The 2024 lineup includes Neo QLED 8K, Neo QLED 4K, and OLED TVs, designed to enhance home entertainment experiences through powerful AI-driven solutions.

"Samsung is integrating AI into home entertainment to offer exceptional viewing experiences for our consumers in India," said JB Park, President and CEO of Samsung Southwest Asia.

"Televisions are now centerpieces of modern living in India, and our new AI TVs set a new standard in visual immersion and sound quality," added Mohandeep Singh, Senior Vice President of Samsung India.

The flagship Neo QLED 8K TV is equipped with the advanced NQ8 AI Gen3 processor, delivering exceptional clarity and sound quality. AI features like AI Picture Technology, AI Motion Enhancer Pro, and AI Sound Technology enhance the viewing experience, making it more immersive and dynamic.

The Neo QLED 4K lineup, powered by the NQ4 AI Gen2 Processor, offers stunning 4K resolution with enhanced contrast and color accuracy. The world's first glare-free OLED TVs, powered by the same processor, deliver deep blacks and clear images under any lighting condition, making them ideal for gaming.

Samsung has also curated localized Smart Experiences for Indian consumers, including Cloud Gaming Service, Samsung Education Hub, Smart Yoga, and TV Key Cloud service. These services cater to various entertainment, education, and fitness needs of consumers.

The new AI TVs seamlessly connect with existing networks and devices, offering users a personalized experience with apps and platforms. With features like Smart Mobile Connect and widgets, users can easily control their TV and monitor home status, weather updates, and more.

Additionally, Samsung announced the Music Frame, a versatile device that combines premium audio with artistic design. Whether used standalone or paired with a TV and soundbar, the Music Frame promises an enhanced auditory experience that complements any space.

 

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Retail India News: PG Technoplast Expands Presence with Manufacturing Facility in Bhiwadi
Retail India News: PG Technoplast Expands Presence with Manufacturing Facility in Bhiwadi
 

PG Technoplast Private Limited, a subsidiary of PG Electroplast Limited (PGEL), has reached a significant milestone with the inauguration of its new air conditioning manufacturing plant in Bhiwadi, Rajasthan, India. This strategic investment aims to meet the rising demand for energy-efficient and sustainable cooling solutions in India and strengthen the company's presence in the rapidly expanding air conditioning market. The ceremony was attended by industry leaders including Kamal Nandi (Business Head and Executive Vice President, Godrej Appliances), NS Satish (President, Haier India), and Pradeep Jain (Managing Director, Jaina India), who officially launched the state-of-the-art facility.

Spanning an impressive 200,000 square feet, the new facility manufactures a comprehensive range of split air conditioners (ACs) ranging from 0.75T to 2.0T. With installed annual capacities of 360,000 AC indoor units, 360,000 AC outdoor units, and 250,000 window ACs, the facility is equipped to meet the growing demand for cooling solutions in North India. Its production capabilities cover sheet metal components, a powder coating plant, heat exchangers, and copper tubing systems, creating employment opportunities for over 1,000 people.

The facility prioritizes sustainability, featuring a state-of-the-art Learning Centre aimed at educating apprentices and trainees to nurture the next generation of manufacturing talent. Continuous on-the-job training is provided to stakeholders, ensuring skill development and growth within the company. Additionally, the facility incorporates water conservation and integrated facility management systems to minimize plastic, corrugated, and paper waste generation.

In another significant milestone, PG Technoplast became the first beneficiary to receive incentives under the air conditioning (AC) components target segment of the government's Production Linked Incentive (PLI) scheme. Recognized for its incremental investment and sales performance during the fiscal years 2021-22 and 2022-23, PG Technoplast has firmly established itself as the second-largest Original Design Manufacturer (ODM) for Room Air Conditioners in the nation, despite entering the category just three years ago in 2021.

Vishal Gupta, Managing Director (Finance), PG Electroplast Limited stated,"Today marks a noteworthy milestone for PG as we inaugurate our second integrated air conditioning manufacturing facility in Bhiwadi, Rajasthan. This facility emphasizes our commitment to delivering high-quality, energy-efficient cooling solutions that cater to the evolving needs of Indian consumers. With this expanded capacity, we intend to lead innovation in the landscape of Room ACs and capture a larger portion of the North Indian AC manufacturing market. This achievement is a reflection of our dedication to excellence and our vision for a greener future."

 

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Retail India News: The Body Shop Brings Cultural Store Concepts Across India
Retail India News: The Body Shop Brings Cultural Store Concepts Across India
 

Deeply committed to promoting sustainability and fostering equitable partnerships within the community, The Body Shop, a British-born international ethical beauty brand, celebrates the rich cultural tapestry of India through innovative store design concepts. Focusing on local relevance and cultural immersion, The Body Shop has transformed select existing stores in Ahmedabad, New Delhi, and Kochi into vibrant showcases of India's diverse heritage.

In New Delhi’s T1D Airport store, The Body Shop has captured the essence of the capital city’s unmatched architectural marvels. The store design showcases iconic monuments such as the Red Fort, Lotus Temple, India Gate, and Qutub Minar, alongside the scenic beauty of the Yamuna riverbank. This design not only celebrates India's cultural richness but also emphasizes The Body Shop's commitment to sustainability and fair trade practices.

Similarly, in Ahmedabad, where festivals signify socio-cultural-religious and even economic aspirations, The Body Shop has unveiled two stunning stores at the Airport and Palladium Mall, each with a unique design that reflects the city's vibrant culture. Inspired by the traditional attire and the charkha, the stores feature captivating murals created by renowned local mural artists. These designs seamlessly blend tradition, environmental consciousness, and communal unity, embodying The Body Shop's ethos of sustainability and community empowerment.

Further, traveling down south to God’s Own Country, Kerala, The Body Shop's store at Kochi’s Forum Mall pays homage to Kerala's vibrant culture and natural beauty. The mural in the store depicts an empowered rural woman embracing nature and culture, symbolizing The Body Shop's dedication to natural ingredients. With her feet in the Arabian Sea, the mural highlights the harmonious relationship between humans and the environment, echoing The Body Shop's commitment to sustainability.

In line with The Body Shop’s mission to positively impact both people and the planet, the brand has been actively launching Activist workshop stores since 2022. The unique format stores empower customers to easily navigate and support the Recycling Programme launched by The Body Shop way back in 2019. Through this initiative, customers can recycle their favorite product packaging, fostering a more sustainable approach and supporting the environment through plastic recycling.

The Body Shop is doubling down on its eco-conscious mission with a store design that reflects its values. From reclaimed wood and recycled plastics in the fixtures to the aluminum facade (a low-energy, endlessly recyclable material), sustainability is woven into the store itself. Even the worktops are made from 100 percent recycled materials, keeping waste out of landfills. This commitment extends beyond the store walls – over 70 percent of The Body Shop's packaging is fully recyclable.

Currently, the brand is present in 200 stores nationwide, catering to 1500+ cities through its online reach as well as strong marketplace partnership with all leading players. Additionally, the brand has already implemented the initiative to enhance over 10 stores with murals, potentially boosting customer engagement and brand recognition.

 

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Retail India News: Reliance Jewels Debuts Vindhya for Akshaya Tritiya
Retail India News: Reliance Jewels Debuts Vindhya for Akshaya Tritiya
 

Reliance Jewels, a leading jewellery brand in India, continues its tradition of festival celebrations with the introduction of the Vindhya collection on Akshaya Tritiya this year. As the ninth installment in its iconic 'Jewels of India' series, the Vindhya collection draws inspiration from the rich artistic traditions of Madhya Pradesh. Fashion icon and Bollywood star Disha Patani unveiled this exclusive festive collection at a special event at the Reliance Jewels' store in Varanasi.

Akshaya Tritiya, a revered festival symbolizing prosperity in Hindu culture, is an ideal occasion for jewellery purchases. The Vindhya Collection by Reliance Jewels offers a stunning array of jewellery pieces paying homage to the cultural heritage and architectural marvels of Madhya Pradesh. Each piece intricately crafted with designs inspired by renowned monuments such as the Gwalior Fort and the Stupa of Sanchi.

 

Sunil Nayak, CEO, Reliance Jewels, said, "The launch of the Vindhya Collection this Akshaya Tritiya marks our commitment to celebrating India's diverse cultural heritage. Inspired by the rich traditions of Madhya Pradesh, this collection is the ninth in our 'Jewels of India' series and stands as our testament to showcasing Indian art and craftsmanship. Akshaya Tritiya is the ideal occasion for buying jewellery as it symbolises wealth and prosperity, and this year, we offer our customers a unique opportunity to bring home prosperity through the Vindhya collection! The exquisite collection symbolises not just prosperity and elegance but also the enduring celebratory spirit of Akshaya Tritiya and our brand, Reliance Jewels.

The Vindhya Collection joins Reliance Jewels' extraordinary 'Jewels of India' series, which highlights the diverse regions, traditions, architecture, and craftsmanship of India. From the poetic beauty of Bengal to the grandeur of Maharashtra, each collection in the series showcases the rich cultural tapestry of India. The Vindhya Collection is now available at all Reliance Jewels stores, offering customers the opportunity to adorn themselves with captivating pieces symbolizing prosperity and abundance this Akshaya Tritiya season.

 

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Retail India News: HCCB Completes Sales and Marketing Training Initiative
Retail India News: HCCB Completes Sales and Marketing Training Initiative
 

Hindustan Coca-Cola Beverages (HCCB), a prominent FMCG company in India, has successfully concluded its extensive sales and marketing training program for over 25,000 youth. This achievement signifies a significant step forward in bridging the skill gap and enhancing employability, aligning with HCCB's commitment to empowering youth announced last year.

In collaboration with the Y4D Foundation, the initiative was carried out across 8 Indian states, including Bihar, Maharashtra, Telangana, Tamil Nadu, Madhya Pradesh, Andhra Pradesh, Gujarat, and Odisha. Targeting recent graduates, university students, and college dropouts aged 18 and above, the program aimed to provide them with job-relevant skills. Tailored to meet the diverse needs, interests, and proficiency levels of youth from various backgrounds, the program facilitated effective learning. Besides offering access to online platforms and guidance from industry experts, it also connected participants with local industries and entrepreneurial opportunities to facilitate employment.

The sales and marketing initiative comprises a 30-hour program, including 24 hours of online training and 6 hours of face-to-face interaction. Hosted on a Learning Management System (LMS), the program allows students to learn at their own pace, providing flexibility and convenience. Covering topics such as Digital Marketing, Product Knowledge, Sales Techniques, Market Research, Analysis, Sales Forecasting Techniques, Communication Skills, Personal Branding, Professional Development, and Career Guidance, the program equips students with comprehensive skills essential for success in the retail industry.

Himanshu Priyadarshi, Chief Public Affairs, Communications and Sustainability Officer, Hindustan Coca-Cola Beverages said, "This announcement marks the culmination of our strategic initiative to upskill 25,000 youths in sales and marketing across multiple states. This endeavor is a core component of our sustained commitment to drive meaningful empowerment in our communities. By equipping these young individuals with essential sales and marketing skills, we enhance their employability and actively foster their professional and economic development. This initiative is aligned with our corporate values and resonates deeply with the national goals for a more developed India. We thank the various state governments for supporting this employment-focused program and including it in their skill development courses. For example, as part of the MoUs, we partnered with Naan Mudhalvan scheme in Tamil Nadu, Kaushalya, The Skill University in Gujarat, and Telangana Academy for Skill and Knowledge in Telangana. As we reach this milestone, our focus shifts towards further investments in socio-economic empowerment programs, ensuring we continue to provide inclusive and impactful opportunities.” 

Dipali Salunkhe said, "One of the beneficiaries of the program from Maharashtra. When I enrolled in the Sales and Marketing Training Program by HCCB, it transformed my professional journey. Prior to the program, working in the hospitality field, I underestimated the importance of effective communication and customer relations in my industry. However, the program changed this perspective when I gained valuable insights and practical skills in these areas. Upon implementing the learnings from the training sessions, I noticed a significant improvement in my interactions with customers and colleagues alike. Thanks to the program, I am more confident and competent in my role, and feel empowered with the necessary skills.

Chintu Ghevaram Prajapati said, “I used to run my family's optical business in a traditional manner, and it was not making much money. After the Sales and Marketing training program, things changed significantly. Now, I focus on new and smart ways to sell our products and have learnt to understand customers preferences, increase product visibility, and keep customers interested. This has helped increase our customers base and gain their loyalty. I also started using digital marketing and social media after the program which has made our business stronger in the market.

HCCB remains committed to champion initiatives that foster inclusive growth. Alongside the significant achievement of empowering 25,000 youth, the company has also equipped 25,000 women with digital and financial literacy training and is advancing 'campus to corporate' programs for students under Telangana Academy for Skill and Knowledge (TASK). The community programs by HCCB have benefitted over 7,50,000 individuals with the installation of Water ATMs and RO units providing safe, clean drinking water in multiple states, classrooms equipped with smartboards in local schools enabling digital learning, Sustainable Agricultural Practices training for farmers and other vocational trainings as well as infrastructural enhancements.

 

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Retail India News: ABFRL Board Approves Vertical Demerger of Madura Fashion and Lifestyle Biz
Retail India News: ABFRL Board Approves Vertical Demerger of Madura Fashion and Lifestyle Biz
 

Following the announcement on April 1, 2024, the Board of Directors of Aditya Birla Fashion and Retail Limited (ABFRL) has greenlit the proposal for a vertical demerger of Madura Fashion and Lifestyle business (MFL Business) into a newly formed company named Aditya Birla Lifestyle Brands Ltd. (ABLBL). The demerger, anticipated to unlock significant value for ABFRL shareholders, will result in two separate listed entities with distinct capital structures and independent growth paths.

The demerger, to be executed via an NCLT scheme of arrangement, will ensure that all ABFRL shareholders hold identical shareholdings in both ABFRL and ABLBL post-completion. Following the demerger, the two listed companies will be delineated as follows:

Aditya Birla Lifestyle Brands Ltd. (ABLBL) will encompass:

  • Lifestyle brands: Louis Phillippe, Van Heusen, Allen Solly, and Peter England
  • Casual wear brands: American Eagle and Forever 21
  • Sportswear brand: Reebok
  • Innerwear business under the Van Heusen brand

Aditya Birla Fashion and Retail Ltd. (ABFRL) will house a portfolio of growth platforms, including:

  • Value Retail: Pantaloons and Style Up
  • Ethnic Portfolio: Comprehensive ethnic wear portfolio covering various occasions, price points, and consumer segments
  • Luxury: Luxury platform including The Collective, Galleries Lafayette, and select luxury brands
  • Digital brands: TMRW – a portfolio of digital-first fashion brands

Upon completion of the demerger, shareholders of ABFRL will receive one share of ABLBL for every one share held in ABFRL, in addition to their existing ABFRL shares. The business assets and liabilities will be distributed between the two companies in accordance with regulatory provisions, with an estimated Rs 1000 crore. debt transferred to ABLBL.

Within 12 months of the demerger's completion, ABFRL aims to raise approximately Rs. 2500 crore. in equity capital to bolster its balance sheet and fund the growth of its remaining businesses, with full support from the promoter group. The proposed demerger is subject to approval from shareholders, creditors, regulators, and customary approvals, with PWC LLP as the statutory auditors, AZB as the legal counsels, and Bansi S Mehta Valuers LLP providing independent valuation services.

 

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Retail India News: RedTape Partners With EasyEcom as an E-commerce Efficiency Advocate
Retail India News: RedTape Partners With EasyEcom as an E-commerce Efficiency Advocate
 

RedTape has announced its joint venture with EasyEcom, marking a pivotal moment for both companies. This collaboration aims to drive efficiency, scalability, and superior customer experience in the dynamic world of e-commerce. RedTape Ltd with EasyEcom will scale up and combat order and warehouse management challenges. The partnership lets RedTape’s management team gain enhanced visibility into operational health. 

At RedTape, we are committed to delivering exceptional products and experiences to our customers. Joining forces with EasyEcom is a strategic move towards achieving operational excellence. This partnership will not only streamline our processes but also enhance our ability to meet the ever-evolving demands of the e-commerce landscape," said Arvind Verma, Director, RedTape. 

We are excited to join hands with RedTape Ltd in their journey towards e-commerce operational excellence. EasyEcom's robust solutions will empower RedTape to streamline its operations, optimize efficiency, and elevate the overall customer experience. Together, we aim to set new benchmarks in the e-commerce industry," commented Punit Gupta, Co-Founder and CEO, EasyEcom.

The partnership targets groundbreaking advancements in operational efficiency and customer-centric solutions. Currently headed by Shuja Mirza, the Managing Director, RedTape specializes in premium clothing and footwear for all genders, age groups, and all occasions.

 

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Retail India News: Levi’s Debuts Diverse Range of Fits with Deepika Padukone
Retail India News: Levi’s Debuts Diverse Range of Fits with Deepika Padukone
 

As summer arrives, Levi’s introduces a range of new fits, offering close to 15 options for customers in India. From retro-inspired flares to laid-back loose styles and timeless classic straight cuts, Levi’s has something for everyone, ensuring there’s a pair for every mood, style, and occasion. The brand’s campaign, “New Fits, Infinite Possibilities,” features Deepika Padukone, the brand ambassador and fashion icon, showcasing the latest fits.

With rising temperatures, Levi’s presents "Loose Fits," focusing on comfort and effortless '90s-inspired style. The collection includes the Low Loose and High Loose, catering to both low-waist and high-waist preferences. Additionally, the '94 Baggy and '94 Baggy Wide Leg offer an easy baggy silhouette for a double dose of '90s love.

"Straight Jeans" remain a timeless choice, with options like the vintage-inspired Wedgie Straight and the Ribcage Straight Ankle, featuring a high rise and a summer-ready ankle crop. The 80’s Mom jeans combine a high waist, relaxed silhouette, and tapered leg for a nostalgic yet trendy look.

Levi’s introduces a range of "Flared Jeans," including The Ribcage Cropped Boot, Ribcage Wide Leg, and the latest addition, the Ribcage Bell, featuring a super exaggerated bell leg for an elongated look.

"Levi’s has always been a pioneer in women’s jeans and has brought together quality and fashion. For our consumer, style is such an expression and extension of self and this range of fits looks to give women the options they look for, for every occasion. Deepika Padukone as our brand ambassador, really embodies how you can express yourself in denim and through this campaign, we hope that women will find that new favorite pair, in which their style comes to life,” said Amisha Jain, MD and SVP at LS and Co South Asia, Middle East, Africa.

The "New Fits. Infinite Possibilities" campaign invites women to explore and experiment with Levi’s, ensuring limitless options for every style preference. The collection starts at Rs 2799 and is available online the website and across Levi’s stores in India.

 

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Retail India News: Max Fashion Unveils 'Urban' Label Targeting Youth Market
 Retail India News: Max Fashion Unveils 'Urban' Label Targeting Youth Market
 

Max Fashion, a leading fashion conglomerate in India, has recently introduced its newest brand, Max Urban, specifically tailored for the burgeoning youth demographic. With a vision to redefine style, self-expression, and the shopping experience, Max Urban offers a bold and progressive aesthetic that resonates with today's confident and fearless youth.

The brand's groundbreaking "Love Labels" campaign revolutionizes the concept of size and fit, aiming to promote body positivity and self-love. By replacing traditional size labels with affirmations like "Xtra Special" and "Stunning," Max Urban celebrates diversity and encourages customers to embrace their individuality.

Sumit Chandna, President & Deputy CEO of Max Urban, emphasizes the significance of this campaign, stating, "Size labels can be a source of self-confidence for many shoppers, especially youth. Our 'Love Labels' campaign transforms size tags into affirmations of self-love, empowering you to feel confident in what you wear."

The inaugural collection of Max Urban features casual, vacation-inspired prints and tranquil patterns, catering to the fashion preferences of the youth market. Priced affordably, starting from just 199 INR, the collection will be available both in Max Fashion's 500+ retail stores and on their newly launched e-commerce platform.

Love Labels will be accessible at select 50+ stores across major cities, offering international fashion at competitive prices. Max Urban aims to expand its reach further in the coming year, solidifying its position as a trailblazer in the Indian fashion industry.

Max Fashion, renowned for its commitment to democratizing fashion, continues to resonate with consumers across the Middle East and India. With a diverse portfolio catering to men, women, and kids, Max Fashion maintains its status as the largest family fashion brand in both regions. Through its omni-channel approach, including a user-friendly website and engaging app, Max Fashion ensures a seamless shopping experience for millions of fashion-conscious consumers.

 

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Godrej Interio Unveils Summer Vibe Sale, Showcasing Custom Furniture Solutions
Godrej Interio Unveils Summer Vibe Sale, Showcasing Custom Furniture Solutions
 

Godrej Interio, a division of Godrej and Boyce and a flagship company of the Godrej Group, has launched its latest campaign, "Summer Vibe Sale," spotlighting the diverse preferences of customers in their furniture choices. The campaign, comprised of three films, captures Godrej Interio's extensive range of aesthetically designed furniture tailored to meet the needs of modern Indian families.

Each film portrays stories of customized solutions for personal spaces, reflecting the unique style and specific requirements of individual customers. The first film follows a young couple as they draw inspiration from various sources, including social media and magazines, before visiting the Godrej Interio store. It illustrates the seamless transition from imagination to reality, emphasizing the brand's commitment to fulfilling customers' desires.

In the second film, viewers are presented with a plethora of options for customizing sofas at Godrej Interio. From a wide selection of fabrics to diverse designs and layouts, customers can personalize their sofas according to their preferences and requirements.

The third film offers a glimpse into the heart of the home—the kitchen. A charming vignette depicts a couple's playful interaction over breakfast, leading them to explore the Godrej Interio Kitchen Gallery. Here, they discover a perfect blend of functionality and aesthetics tailored to their tastes and needs.

Through these narratives, Godrej Interio's "Summer Vibe Sale" campaign highlights its commitment to providing tailored furniture solutions that resonate with the diverse lifestyles and aspirations of its customers.

Speaking about the films, Sumeet Bhojani, Head of Marketing Communications, Godrej Interio said, "Godrej Interio continues to be an integral part of modern Indian families and their journey towards personalization. We offer our consumers a wide range of furniture catering to their needs. For instance, our latest range of Upmods furniture offers endless customisation possibilities of each component to the consumers.

Bhojani further said, “Our latest campaign gives you a glimpse of a varied range of furniture and furnishing solutions that the brand has to offer right from the colours to the material of the furniture. At Godrej Interio, we firmly believe in empowering customers to create spaces that reflect their unique personalities. Through these films, we invite viewers to embark on a journey of discovery and creativity with us. This approach has enabled us to build and maintain the love and support of consumers for over a century.”

Ayan Chakraborty, Executive Vice President & General Manager, Contract Mumbai, shares the inspiration behind the commercial, “Summer is a great season and a reason to refresh our homes, also because the new year is celebrated across many states in the country. The Godrej Interio Summer Vibe campaign focuses on kitchens, sofas and other furniture in a series of 3 films.”

Chakraborty added, “The Indian consumer is both particular and fastidious about her choices when it comes to choosing a kitchen build or furniture and Godrej Interio with its extensive range of designs, materials, colours and configurations delivers on this mindset quite seamlessly.”

 

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Uniqlo Introduces New AIRism Collection
Uniqlo Introduces New AIRism Collection
 

Uniqlo has unveiled its latest AIRism collection for the 2024 Spring/Summer. 

The new range is available to shop in online & offline stores. The product will reduce sweat and stuffiness that cause discomfort as the temperature rises. 

The women’s AIRism innerwear range includes the new UV Protection Crew Neck Long-Sleeve T-Shirt designed to protect against ultraviolet rays.

The items are offered in a new material featuring a texture comprising 7 percent silk. Additionally, the T-shirt has a deodorizing feature that prevents unpleasant body odors caused by sweat, and it also has moisture-wicking properties for more comfort.  

The Mens AIRism product lineup offers the new mesh type Ultra Seamless Anti-Odor Mesh Boxer Brief. Curated with breathable material, this range also has a deodorizing function which makes it perfect for days with widely variable temperatures. To reduce stuffiness, the briefs in the menswear collection are three times more breathable than the regular boxer briefs. 

Cotton oversized T-shirts are among Uniqlo’s best-selling products because of their cotton-like texture feel, and designs. The women’s collection consists of the new AIRism Drape T-shirts with refreshingly cool designs. 

UNIQLO AIRism is a leading example of LifeWear, providing the ultimate comfort by helping to regulate the microclimate between clothing and skin.

 

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Retail India News: LoveChild by Masaba & Shoppers Stop Beauty Collaborate to Elevate Beauty Retail Experience
Retail India News: LoveChild by Masaba & Shoppers Stop Beauty Collaborate to Elevate Beauty Retail Experience
 

LoveChild by Masaba, the beauty brand conceptualized by Indian fashion designer and actress Masaba Gupta, has unveiled its newest Shop-in-Shop at Shoppers Stop, situated within R City Mall, Ghatkopar. The Shop-in-Shop serves as a beacon for beauty enthusiasts seeking products that go beyond the conventional. In addition to the shop-inshop kiosk, LoveChild by Masaba products will also be available on the Shoppers Stop Beauty online store.

With a focus on innovation and inclusivity, the brand invites customers to explore its diverse range of cosmetics, each designed to inspire confidence and creativity. The launch of the LoveChild by Masaba at Shoppers Stop marks the beginning of a dynamic partnership between two entities dedicated to redefining beauty standards and empowering individuals to express themselves authentically.

The new Shop-in-Shop embodies the essence of LoveChild by Masaba's ethos, offering a diverse array of high-quality products tailored for individuals of all ages, skin tones, and cultural backgrounds. This strategic collaboration with Shoppers Stop aligns perfectly with the brand’s vision to explore the dynamic beauty and personal care market in India and marks a significant milestone in the brand's omnichannel expansion strategy, bridging the gap between online and offline shopping experiences.

"We are thrilled to embark on this transformative journey alongside Shoppers Stop," said Masaba Gupta. "This partnership represents a shared vision to revolutionize the beauty retail experience, where creativity meets accessibility. Through our Shop-in-Shop and Online Retail at Shoppers Stop, we aim to empower consumers to embrace homegrown beauty brands that offer powerful formulations and solutions where skincare meets beauty.”

Pratik Mukherjee, Head of Brand at LoveChild by Masaba added, " This marks the beginning of our Shop-in-Shop partnership with Shoppers Stop and will accelerate our offline expansion in key cities/locations helping us reach a wider audience providing them access to our innovative beauty offerings, both online and offline. We have an aggressive retail expansion planned through this year with strategic partners like Shoppers Stop who cater to a diverse audience across their Shoppers Stop and Shoppers Stop Beauty formats."

Commenting on the launch, Biju Kassim, Customer Care Associate, and CEO of Beauty at Shoppers Stop stated, "We are thrilled to launch LoveChild Kiosk at Shoppers Stop and proud to serve as their offline retail partner. This partnership with LoveChild by Masaba exemplifies our commitment to offering customers cutting-edge and premium beauty products at Shoppers Stop. We look forward to continuously serving all our patrons with the best that beauty has to offer.”

As LoveChild by Masaba celebrates this milestone, it is excited to share that more kiosks will be opening in the coming months across other cities, further expanding the reach and bringing LoveChild Masaba closer to the diverse audience across the nation.

 

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Retail India News: SOM Distilleries & Breweries Ltd Appoints Anand Agrawal as CMO, Signals Strategic Expansion Move
Retail India News: SOM Distilleries & Breweries Ltd Appoints Anand Agrawal as CMO, Signals Strategic Expansion Move
 

SOM Distilleries & Breweries Ltd. proudly announces the appointment of Anand Agrawal as its new Chief Marketing Officer, signaling a strategic move to strengthen its market presence. With over two decades of expertise in brand management and market expansion, Agrawal brings a wealth of experience to his new role.

Agrawal's extensive career spans prominent companies such as Hindustan Unilever Ltd, United Spirits Ltd (Diageo), and Pernod Ricard India Pvt Ltd. His successful tenure in these organizations is marked by significant improvements in market share and consumer preference for renowned brands.

At SOM Distilleries & Breweries Ltd, Agrawal will spearhead marketing strategies for flagship brands like Woodpecker, Hunter, Black Fort, Power Cool, and Milestone Blue. His focus will be on enhancing consumer preference and establishing a stronger brand connection, while also venturing into premium beer, Scotch, and Indian Single Malt (ISM) segments.

Expressing his enthusiasm, Agrawal stated, "I am profoundly honored to join SOM Distilleries & Breweries Ltd. My aim is to leverage my industry experience to elevate our presence in luxury and premium segments, prioritizing consumer insights in our strategic approach."

Diwakaran Suryanarayana, Chief Operating Officer of SOM Distilleries & Breweries Ltd, commented, "We are thrilled to welcome Anand to our leadership team. His expertise in brand enhancement and visionary market strategies will drive our growth trajectory."

In addition to marketing, Agrawal will focus on talent development and strategic structuring of the company's Indian-Made Foreign Liquor (IMFL) business, with a special emphasis on Scotch and ISM categories. He will also lead efforts to enhance operational efficiencies and foster brand loyalty.

Agrawal's appointment underscores SOM Distilleries & Breweries Ltd's commitment to innovation and consumer-centric approaches. His immediate takeover marks a pivotal moment in the company's journey towards market leadership.

For Agrawal, professional development is a priority, evident in his educational pursuits and mentorship initiatives. His diverse interests in travel and cinema enrich his understanding of cultural narratives, which he integrates into brand storytelling and consumer engagement strategies.

Anand Agrawal assumes his role as Chief Marketing Officer effective immediately, poised to drive SOM Distilleries & Breweries Ltd towards greater success in the dynamic beverage industry.

 

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Retail India News: Agrimax Foods Introduces a Range of Nutrient-packed Millet-based Baked Delights
Retail India News: Agrimax Foods Introduces a Range of Nutrient-packed Millet-based Baked Delights
 

Agrimax Foods LLP, a certified food solutions company, is thrilled to unveil its latest venture, 'Bake&Co.' This innovative brand aims to revolutionize the realm of Millet-based baked products by prioritizing health, nutrition, and exceptional taste. Supported by the government's PMFME scheme, Bake&Co. is poised to elevate microfood enterprises nationwide.

Driven by a commitment to maximize the agricultural value chain, Agrimax Foods sources raw materials directly from farmers, ensuring quality and sustainability. With a focus on 'Healthy Snacking,' Bake&Co. offers a delectable range of baked treats, including Millet Cookies and Indulgence Cookies. The Millet Cookies cater to health-conscious consumers, crafted from gluten-free, sugar-free, and preservative-free ingredients like millet, oats, fruits, nuts, seeds, and natural jaggery. On the other hand, the Indulgence Cookies provide a luxurious indulgence without compromising on health standards.

Looking ahead, Bake&Co. plans to expand its product line to include Millet-based ready-to-eat snacks such as savories, namkeen, breakfast cereals, energy cookies, protein-rich cookies, and diabetes-friendly options. With India's millet-based packaged food market projected to grow at a CAGR of 9.2 percent until 2032, reaching an estimated value of $91.1 million, Bake&Co. is poised to capitalize on this burgeoning opportunity.

The brand will be available across India via direct-to-consumer channels and e-commerce platforms, as well as select retail outlets, vending machines, and retail chains in metro cities. Furthermore, Bake&Co. plans to export its products to countries with a high demand for Millet-based value-added goods.

The establishment of Bake&Co.'s manufacturing unit in Gautam Buddha Nagar has been made possible through the PMFME scheme, with Agrimax Foods receiving substantial support, including a Rs. 10 lakh subsidy. Ms. Shivani Tomar, District Horticulture Officer (DHO), Department of Horticulture and Food Processing, Gautam Budhha Nagar, praised the scheme's impact, emphasizing its role in empowering local food enterprises.

Monica Kohli Srivastava, Co-Founder & Chief Marketing Strategist at Agrimax Foods LLP, expressed gratitude for the PMFME scheme's support, highlighting its contribution to the company's growth and innovation. She added, "Bake&Co. represents our dedication to offering premium, healthy baked goods while promoting sustainability in the food industry. We are excited to share our passion with customers and contribute to a healthier, more responsible future."

 

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Droom Introduces Four Innovative Products Revolutionizing the Used Car Ecosystem
Droom Introduces Four Innovative Products Revolutionizing the Used Car Ecosystem
 

Droom has rolled out a set of products curated to revolutionize the used car industry on the occasion of its 10th Founding Day Anniversary. 

The new offerings include MyDroom, AdReach, goDigital, and Chairman Club are all set to empower consumers, businesses, and dealerships that will provide comprehensive solutions for every stage of the car ownership journey. 

MyDroom features a personalized dashboard, proactive smart diagnostics, easy access to service schedules & renewals, hassle-free expense management, secure document storage, and multi-car management capabilities. Powered by AI, the product offers personalized recommendations, improves vehicle performance, and enhances its lifespan. Additionally, the product also enables users to stay connected with multiple car services such as repairs, roadside assistance, car washes & more

AdReach will be providing solutions for web publishers and advertisers alike. The automotive product authorizes web publishers to maximize their advertising revenue while providing advertisers with target reach and measurable results.  

goDigital will enable businesses of all sizes to establish their digital presence effortlessly. The product offers two options E-Commerce store and App Edition, and E-Commerce store & App Edition with EMS. 

Chairman Club, a suite of seller services, offers multiple automobile services including used vehicle procurement, dealer financing solutions, digital marketing tools, high-quality leads, & more. 

“Droom has always been a trailblazer in leveraging AI and technology to disrupt the used car industry, We are not only pure-play E-Commerce for automobiles but also have built tech products and real IP. With these four products, we are expanding Droom’s charter not only while a transaction is happening but entire lifecycle management and helping enterprises, OEMs, dealers, and advertisers not only on the Droom platform but beyond the Droom platform too. We are confident that these solutions will empower our partners and customers, propelling the Indian used car market towards a brighter future.” said Sandeep Aggarwal, Founder & CEO of Droom.

The company started executing its commercial operations on 21st November of the year 2014 and since then, it has managed to sell 580k automobiles worth $7.3bn, 2.0mil automobile services, and 23.1k cloud dealers. Droom made its presence in 1,176 cities with 16 million app downloads, and 1.8 billion as the sum of MAUs. 

 

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Retail India News: Catch Spices Achieves Milestone, Joins Rs 1000 Cr Club
Retail India News: Catch Spices Achieves Milestone, Joins Rs 1000 Cr Club
 

Catch Spices, a flagship brand of DS Group, has made headlines by entering the prestigious INR 1000 crore club in the packaged spice industry. With an impressive growth rate of 24 percent in recent years, Catch Spices is now aiming for a robust Compound Annual Growth Rate (CAGR) of around 30 percent over the next five years.

Expanding its horizon, Catch Spices is diversifying its product range to include herbs, gourmet gravies, cooking pastes, and more. This move comes as the packaged spices industry in India witnessed substantial growth, reaching approximately Rs 34,000 crores in 2023, with Catch Spices outperforming the industry standards.

Rajiv Kumar, Vice Chairman of DS Group, expressed his excitement, stating, "Catch Spices' relentless commitment to quality and understanding of consumer preferences has propelled us to this milestone. Our focus remains on delivering purity, taste, and convenience."

With over 125 variants and 300 SKUs, Catch Spices has become a household name, reaching more than 2 crore households across India. Leveraging modern trade and e-commerce platforms, the brand has demonstrated remarkable growth, surpassing industry benchmarks.

Supported by brand ambassadors like Akshay Kumar and Bhumi Pednekar, Catch Spices has resonated with consumers through its campaign "Kyunki khana sirf Khana nahi hota," emphasizing the emotional connection to food. The brand's increased focus on digital marketing and strategic partnerships further strengthens its market presence.

Catch Spices' journey to the Rs 1000 crore club signifies its unwavering dedication to excellence and innovation, promising a flavorful future for Indian kitchens.

 

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Retail India News: Rivpra Formulations' Premium Skincare Line Oteria Hits D2C Market
Retail India News: Rivpra Formulations' Premium Skincare Line Oteria Hits D2C Market
 

Rivpra Formulations, a leading pharmaceutical company, has made a significant foray into the Direct-to-Consumer (D2C) segment with the unveiling of its latest venture - Oteria, a premium skincare brand. Oteria, built on the innovative concept of ‘circadian rhythm,’ offers gender-neutral skincare solutions aimed at promoting holistic health for the skin.

With an initial lineup of 19 meticulously crafted products, Oteria plans to expand its range to 50 by 2026. This expansion reflects the company's commitment to providing comprehensive skincare solutions aligned with the body’s natural rhythms.

Oteria's products are now available on popular e-commerce platforms like Amazon and Flipkart, as well as on its own D2C platform. Additionally, the brand aims to reach a wider audience by partnering with renowned platforms such as Nykaa, Foxy, Tira Beauty, Zepto, and Blinkit.

Vibhor Rastogi, Director of Rivpra Formulations Pvt. Ltd., emphasized the brand's mission, stating, “Oteria’s launch marks an exciting milestone in our journey to provide inclusive skincare solutions directly to consumers. In today's digital age, we understand the importance of meeting consumers where they are, and our partnership with various e-commerce platforms enables us to do just that.”

All Oteria products are manufactured at Rivpra Formulation’s state-of-the-art facility in Sidcul, Haridwar, ensuring adherence to the highest quality standards set by WHO-cGMP. Rastogi highlighted the brand's commitment to developing products aligned with the body’s circadian rhythm, underscoring Rivpra Formulation's expertise in pharmaceuticals and skincare.

 

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Polar Bear Opens 137th Store in Hyderabad
Polar Bear Opens 137th Store in Hyderabad
 

Polar Bear recently teamed up with MadHawks to promote the launch of their new store in Gachibowli, Hyderabad, marking their 16th outlet in Hyderabad and 137th in India. Through a strategic influencer marketing campaign involving 14 influencers primarily in food and lifestyle content creation. The campaign generated over 2 million views and reached 1.5 million people, contributing to a successful store launch characterized by long queues over the weekend and a complete sell-out on weekdays.

Founded in 2008 with its first ice cream parlor in Bangalore, Polar Bear - The Ice Cream Sundae Zone has garnered continuous love and appreciation from its customers, leading to expansion across multiple locations nationwide.

Prashant P., Vice President at Polar Bear, expressed gratitude for MadHawks' seamless execution of the influencer campaign, highlighting their expertise in identifying the right influencers and exceeding expectations with a strategic approach. He commended the entire MadHawks team for their outstanding support and professionalism.

In March 2024, Polar Bear launched its new outlet in Gachibowli, Hyderabad, partnering with MadHawks to leverage social media's influence. Influencers visited the new store, sampled ice cream sundaes, and shared their experiences through Instagram reels, which collectively reached over 1.5 million people and garnered more than 2 million views and 20 thousand likes within a few days.

The continued organic views on the reels underscored the effectiveness of MadHawks' influencer marketing strategy. Ravi Kumar, the founder & CEO of MadHawks, attributed the campaign's success to their commitment to adding value for partners, a philosophy ingrained in the company since its inception. He expressed pride in the social media team's hard work and passion, thanking Polar Bear for entrusting them with the opportunity.

 

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Tech Meets Style: Havells Launches Cutting-Edge BLDC+ Fans
Tech Meets Style: Havells Launches Cutting-Edge BLDC+ Fans
 

Havells India Limited, a leading Fast-Moving Electrical Goods (FMEG) Company launched a new campaign, showcasing its commitment to catering to the dynamic consumer requirements with its technologically advanced, energy efficient, and designer range of fans.

Havells rolled its latest BLDC+ fan range, showcasing innovative features targeting aspirations of tech savvy consumers: Albus, an elegantly crafted MDF wooden blades with reversible designs, this fan enhances any room's ambiance with mood-setting underlighting and dimming capabilities.

Control is seamless with an all-encompassing RF remote, offering breeze and sleep modes, plus a timer for ultimate convenience.  Stealth Voice revolutionizes your space with India’s first voice-controlled fan — no need for WiFi, internet, or smartphone connections. Experience unmatched silence and efficiency with a 245 cmm air delivery at just 40 W power consumption.

Crista, elevates smart home living with its IoT integration, allowing for seamless control via the Havells Sync app, Amazon Alexa, or Google Assistant, and is complemented by a telescopic canopy for automatic adjustment with ceiling height and dust-resistant blades.

Florette has adaptive comfort with its Smartsense mode, automatically adjusting fan speed in response to room humidity and temperature, for an effortlessly optimized environment. Elio UL BLDC+ embrace minimalist elegance with this sleek fan, consuming only 28 Watts. Available in a variety of colors including mist pearl white, matt black, and pinewood finishes.

The brand resonates with the thought that whenever the consumer felt the need to experience something new from their fans, they have looked up to Havells, a brand that has always delivered industry best experience. It celebrates the idea of “As much as you look up to us, we look up to you (for inspiration)”. These fans represent more than just technological excellence; they are a symbol of inspiration, drawing from the very needs and desires of the consumers.            

Havells BLDC+ campaign, conceptualised by Mullen Lowe Lintas, the campaign is a montage of everyday moments, that encapsulates the journey beautifully, giving a unique touch to the product storytelling. It brings the 'technology and innovation' narrative to life, highlighting the advanced features of Havells fans. The ad film aims to showcase how each innovation is a step forward in responding to the customers' evolving needs, reinforcing Havells commitment to excellence and leadership in the fan category.

Talking about the campaign, Deepak Bansal, Executive Vice President, Havells India, said, “Havells continues to be a trusted name, maintaining a strong presence in the fan category through relentless progression and a focus on driving innovation. Our new range BLDC+ fans epitomize the culmination of technology with aesthetics which are the major evolving key buying factor of a consumer. From introducing smart sense technology to designing aesthetically superior fans, Havells has pioneered innovative solutions fans to enhance the customer experience”.

Commenting on the campaign, Rohit Kapoor, EVP – Brand Marcom, Havells India said, “Innovation is the cornerstone of our journey at Havells, driven by a deep understanding and anticipation of our consumers' needs. Through our persistent efforts, Havells has emerged as the brand of choice for many. Our latest BLDC+ campaign is a testament to our enduring commitment to telling compelling stories that resonate with our audience. It underscores how Havells fans have been instrumental in meeting the evolving demands of our customers. We believe that this campaign, with its compelling narrative will not only celebrate our brand's heritage but also further solidify Havells' position as a leader in the fan category”.

Talking about the campaign, Ram Cobain, Chief Creative Officer, Mullen Lintas, said, “ By their very nature, ceiling fans make us look up to them. Our campaign shows how Havells has instead, always looked up to its consumers and sought inspiration from their lives. Every fan is so much more than just a fan; it is an empath, an enabler, and a friend. Our is a range film with ‘heart’ – technology in true service of unsaid human desires, warm, intuitive and beyond the utilitarian.”

The brand has tied up with Vikrant Massey, Aditi Rao Hydari and Mamta Mohan Das to promote the range as key digital influencers. The 360-degree campaign is live and promoted across all mediums – Television, Digital, influencer marketing, Outdoor, BTL and retail visibility. It will be aired during the IPL series on star sports, major GEC, movie, news, and regional channels across the country.

 

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Retail India News: Deepika Padukone’s 82°E Announces Offline Retail Debut & Multi-Channel Partnership with Reliance Retail’s Tira
Retail India News: Deepika Padukone’s 82°E Announces Offline Retail Debut & Multi-Channel Partnership with Reliance Retail’s Tira
 

Global Indian Icon Deepika Padukone's self-care brand 82°E has announced a strategic partnership with Reliance Retail’s cutting-edge beauty platform, TIRA. This collaboration marks a significant expansion from 82°E’s successful D2C model to a first-time retail experience in the country through an online and offline presence. Through this partnership, 82°E will continue its mission to make the practice of self-care a simple, joyful, and effective part of everyday life for the TIRA community.

After a year of promoting Simplified Skincare (Cleanse - Hydrate - Protect), establishing product efficacy, and building a strong loyal community in India and across the globe, 82°E is now poised for accelerated growth with this transformative partnership with TIRA. 82°E is expanding its reach by making its popular Skincare, Body Care, and Men’s range, featuring best-selling products like Ashwagandha Bounce, Lotus Splash, and Turmeric Shield available on TIRA. 82°E products, previously accessible through the D2C platform, will now extend their reach to the Tira platform, marking their offline debut at handpicked Tira stores in select markets across North, West, and South India.

This partnership aims to democratize access to premium skincare products to a more diverse audience by harnessing Co-founder Deepika Padukone’s holistic wellness vision and leveraging Reliance Retail’s extensive offline and online network and technological capabilities.

Commenting on the collaboration, Isha M Ambani, Executive Director, Reliance Retail Ventures Limited stated, “We are excited to partner with 82°E, a brand renowned for its commitment to self-care and holistic wellness. This collaboration takes forward TIRA’s vision to bring accessible yet aspirational beauty to every Indian and allows us to provide our customers with access to a range of premium skincare products. Together, we aim to elevate the self-care experience for consumers everywhere, introducing 82°E products to offline retail for the very first time."

Speaking about the partnership, Deepika Padukone, Co-Founder, 82°E added, “We’re thrilled to announce that 82°E is now on TIRA, Online and In-Stores. This collaboration is an outcome of our shared values: to Simplify Skincare and to make Self-Care an effective and enjoyable part of our everyday lives. Through TIRA’s Online and Offline platforms, we are excited to bring 82°E's Bestsellers and award-winning Formulations, along with the best of 82°E Skincare, 82°E Body Care, and 82°E Man to our consumers across the country.”

Reliance Retail’s Tira is an omnichannel retail platform that offers personalized experiences to customers and has a curated assortment of the best global and home-grown brands, making it the go-to destination for all things beauty. 82°E has set out to become one of the most trusted modern self-care brands with a range of rigorously sourced products across skincare and body care.

Consumers will have easy access to 82°E products through the Tira app, website, and at select Tira stores.

 

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Retail India News: Philips Expands Innovation Footprint in India
Retail India News: Philips Expands Innovation Footprint in India
 

Royal Philips, a global leader in health technology, has marked the ground-breaking ceremony of a new R&D centre to expand its Healthcare Innovation Centre (HIC) in Pune, Maharashtra, illustrating India’s growing importance for healthcare innovation around the globe. Situated in a 10-acre plot in MIDC, Chinchwad, the upcoming facility will have an office space of approximately 300,000 sq. ft in the first phase and will house 1900 employees.

The new center, to be operational in two years, will accommodate R&D teams from the company’s Image Guided Therapy, Precision Diagnosis, Monitoring, and Sleep & Respiratory businesses. By integrating all teams in one center, Philips will be able to optimize for scale, speed, and efficiency while also supporting resource and best practice sharing across businesses. Working on innovative health technologies, the new centre will contribute to Philips’ global mission to improve the lives of 2.5 billion people a year by 2030.

Underscoring a commitment to sustainability, the new centre will have Green Power, provide EV charging provisions, and encourage bicycle commuting. In addition to being a significant landmark in Philips’ global footprint, the launch of this center also strengthens Philips’ commitment to taking a technology-first approach towards expanding access to care.

Collectively employing a strength of over 9000 employees, the Healthcare Innovation Centre in Pune, the Innovation Campus in Bengaluru, the Global Business Services in Chennai, and the commercial team headquartered in Gurgaon, are integral to Philips’ operations in India. Together, they are also fully committed to support the Indian government as it aims to meet its healthcare goals of strengthening the medical devices industry in India.

“Since its inception 130 years ago, Philips has been driven by a sharp focus on innovating for the future. In keeping with this objective, our Healthcare Innovation Centre in Pune provides unique and far-reaching capabilities to address the needs of both Indian and global markets. This new center will further strengthen our commitment to supporting the Indian healthcare ecosystem with innovative and sustainable solutions and leveraging the same for customers globally” said Bert van Meurs, Executive Vice President and Chief Business Leader of Image Guided Therapy, Chief Business Leader of Precision Diagnosis (ad interim), and responsible for Diagnosis & Treatment.

“Philips Healthcare Innovation Centre is at the forefront of understanding and responding to some of the outstanding healthcare challenges both in India and in global geographies. With the launch of this new centre, we will be able to design more innovative end-to-end solutions and collaborate better with healthcare providers as we look to meet our common goal of attaining better health outcomes,” said Peeyush Kaushik, Vice President and Head of Healthcare Innovation Center, Pune.

Established in 2011, Philips Healthcare Innovation Centre (HIC), Pune, is focused on multi-modality healthcare R&D and smart manufacturing, complete product development incorporating customer feedback to commercialization and operational excellence. It is committed to developing an innovation ecosystem and providing a competitive cost advantage in developing global products while aligning with the Indian government’s Make in India initiative. With a reach expanding across 140 countries, Philips HIC plays a key role in Philips’ strategy.

Earlier in November 2023, Philips India inaugurated its innovation campus in Yelahanka, Bengaluru. Accommodating over 5,000 professionals in a 650,000 sq. ft. facility, the new campus will focus on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care.

 

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Retail India News: Kalyan Jewellers Records 34 pc Revenue Growth, Opens 10 New Stores in Q4
Retail India News: Kalyan Jewellers Records 34 pc Revenue Growth, Opens 10 New Stores in Q4
 

Kalyan Jewellers has reported robust quarterly numbers with a 34 percent YoY growth in consolidated revenue in the January-March quarter. 

The company said it logged a revenue growth of about 38 percent YoY from its India operations during the fourth quarter of FY24. The growth was backed by upbeat same-store sales growth, which was the highest in Q4 as compared to other quarters in FY24. Its Indian business recorded a revenue growth of about 36 percent during the full year FY2024 as compared to the prior year.

The Middle East contributed about 14 percent to the consolidated revenue in the concluding quarter, the company revealed in an exchange filing. The region witnessed a revenue growth of about 14 percent in the fourth quarter, backed by healthy same-store sales. For the full year concluding on March 31, 2024, the company reported revenue growth of about 11 percent from its Middle East business.

The company also opened 10 new stores in India during the quarter. It launched two new showrooms in the Middle East during the same time period. The company also said, “In addition to the 5 LOIs (letters of intent) for FOCO (franchise owned company operated) showrooms executed during December 2023, we have signed an additional 3 LOIs for conversion of existing company-owned showrooms to franchised ones over the next 6 months as part of the previously announced plan to reduce debt / invested capital in the region.”

The company also announced that its digital-first jewelry platform, Candere, recorded revenue growth of about 12 percent in the fourth quarter, as it witnessed “encouraging trends in its already opened physical showrooms.”

 

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Retail India News: Royaloak Furniture on Expansion Spree, Launches 168th Store in Assam
Retail India News: Royaloak Furniture on Expansion Spree, Launches 168th Store in Assam
 

Royaloak Furniture, India's furniture brand, has further solidified its presence in Tamil Nadu with the inauguration of a new store in Tiruvallur. With this, the brand marks an impressive 168th store opening in the country. This expansion underscores Royaloak's commitment to providing quality furniture solutions to the people of Tamil Nadu.

Covering an impressive 12000 square feet, this store boasts an extensive array of furniture for every part of the home, including living rooms, bedrooms, dining areas, and more. Tiruvallur's residents can now discover a wide variety of both stylish and functional furnishings. Royaloak is a go-to destination for all home furnishing needs, that offers sofas, beds, dining tables, chairs, recliners, mattresses, interior decor items, and a comprehensive selection of office and outdoor furniture, all conveniently located in their neighborhood. This store adds to the brand's presence in Tamil Nadu, making it a total of 11 stores in the region.

Speaking at the launch event, Vijai Subramaniam, Chairman, Royaloak Furniture said, "Today marks an exceptional day for the entire Royaloak team as we continue to grow, celebrating the inauguration of our 167th store. We are genuinely excited about our expansion in Tamil Nadu, especially with our latest store launch in Tiruvallur. This underscores Royaloak's dedication to providing top-quality furniture at accessible prices to our valued customers. I extend my best wishes to the franchise owners as we eagerly anticipate serving customers and assisting them in finding the ideal pieces to complete their dream homes."

The store boasts a carefully curated and exclusive 'Country Collection,' showcasing the finest and most unique furniture selections from countries such as the United States, Italy, Turkey, Malaysia, and India. Through its dedicated standalone stores, Royaloak aspires to elevate the aesthetic appeal of homes with its modern, luxurious, and budget-friendly furniture offerings. The brand has been fulfilling the lifestyle requirements of its expansive customer base, exceeding 5 million individuals.

Royaloak has a presence across PAN India including all the metro cities and the distinctive Tier II and III cities of India, making the Royaloak India Furniture Brand which has a vast presence from Kashmir to Kanyakumari and Gujarat to Nagaland.

 

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Retail India News: Jewelry Brand Zavya Names Ravi Malani as New COO & Co-Founder
Retail India News: Jewelry Brand Zavya Names Ravi Malani as New COO & Co-Founder
 

Zavya has announced the appointment of former Snapdeal senior leadership team member, Ravi Malani, as its new co-founder. The appointment demonstrates Zavya’s resolve to supplement its diverse spectrum of products and augment its core business.

Malani, Co-Founder of Zavya, shared his delight in the appointment, saying, “I’m thrilled to become a part of Zavya’s goal of fabricating everyday fine jewelry accessible and elegant for all women. The Indian fine jewelry landscape presents an excellent opportunity for Zavya. With this association, I am looking to strengthen existing silver jewelry categories and foray into areas like gold and lab-grown diamond market.”

With Malani, Zavya is navigating a course for remarkable expansion, driven by the performance history of the dynamic duo. Malani's diverse experience at Snapdeal, managing performance marketing and leading projects in analytics and growth strategies, will significantly contribute to Zavya's strategic direction and team management.

Poem Kabra, Founder and CEO of Zavya, welcomed the accomplished addition to the leadership team, stating, "I'm thrilled to welcome Ravi as Zavya's co-founder and COO. His e-commerce expertise aligns with our vision and will drive Zavya towards becoming a leader in the fine jewelry Market. Ravi's skills complement mine, enhancing our strategic decisions to expand and diversify our product range, form strategic partnerships, and offer a seamless omnichannel experience for our customers. We're confident that Ravi's track record at Snapdeal will significantly contribute to Zavya's pioneering success in the industry."

 

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Retail India News: Sleepyhead Launches First Retail Store in India
Retail India News: Sleepyhead Launches First Retail Store in India
 

Sleepyhead, a leading D2C lifestyle and innovative sleep solutions brand, has opened its first offline retail store in India. Launched in Banaswadi, Karnataka, this move marks a significant milestone for the e-commerce brand Sleepyhead as it expands its presence into brick-and-mortar retail, providing customers with a hands-on experience of its wide range of products.

Recognizing the significance of providing consumers with personalized shopping experiences, Sleepyhead has broadened their footprint by venturing into offline retail spaces. This move is geared towards embracing the importance of building a deeper connection with customers and catering to those who value physical interaction with products before committing to a purchase. By extending its reach to offline stores, Sleepyhead aims to engage with a wider audience and cultivate trust among consumers. The unveiling of the new store reinforces Sleepyhead's commitment to delivering top-notch sleep products while fortifying its position within the retail realm.

Banaswadi has been specifically chosen as the location for the brand’s first store for its dynamic demographic profile, bustling urban atmosphere, and thriving residential community. The vibrant energy and diverse population of the region perfectly align with Sleepyhead's brand ethos and target audience, making it an ideal setting to introduce innovative sleep solutions to the market.

The new store aims to provide a welcoming environment where consumers can explore Sleepyhead's range of sleep products, including mattresses, pillows, bedding accessories, as well as a stylish collection of sofas, recliners, and storage solutions for living spaces. With a focus on experiential shopping, the store offers a cozy atmosphere, interactive displays, and personalized assistance from sleep experts, alongside exclusive promotions and events. Consumers can discover a variety of options to suit their sleep needs and lifestyle preferences.

Speaking on the development, Sridhar Balakrishnan, CEO, Duroflex Group said, “Our venture into the offline segment with our first store marks a big move in Sleepyhead’s brand journey. While e-commerce has been instrumental in reaching our consumers, comprising primarily the youth nationwide, our brick-and-mortar presence offers a unique opportunity for them to directly engage with our brand. This expansion not only strengthens our brand's visibility and accessibility but also opens up new avenues for business and growth. By combining the convenience of online shopping with the tactile experience of in-store browsing, we aim to provide our customers with a truly immersive shopping experience, ensuring that they find the perfect sleep solution tailored to their needs.”

Sleepyhead has plans to further expand their footprints across the country and provide unique retail experiences to the consumer. The brand endeavours to provide consumers with a more convenient and cutting-edge range of sleep solutions by enriching their shopping experience.

 

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Retail India News: Tribe Amrapali Set to Open 20th Store, Expanding Retail Footprint Across India
Retail India News:  Tribe Amrapali Set to Open 20th Store, Expanding Retail Footprint Across India
 

Tribe Amrapali, a dynamic sub-brand of the renowned House of Amrapali, is making waves in the Indian retail scene with its contemporary and budget-friendly jewelry designs. Embracing an experimental design ethos, the brand primarily focuses on crafting exquisite pieces in silver, gold-plated silver, and fashion jewelry. In a significant stride, Tribe Amrapali is gearing up to launch its 20th store in the early months of this year, marking a pivotal moment in its journey.

Since its inception with an E-Store in March 2013, Tribe Amrapali has emerged as a beacon of traditional folklore embodied in youthful vibrance. Rooted in rich cultural narratives, the brand weaves tales of local myths into its collections, creating a dynamic tapestry of identity and expression.

With recent store openings at prime locations including Mumbai Airport, Hyderabad International Airport, and Ambience Mall Vasant Kunj, Tribe Amrapali has been expanding its presence rapidly. The inauguration of their 18th store at Pacific Mall in Delhi signifies their growing influence in the retail landscape. Now, their 20th store is set to debut in Pune, further solidifying their position in the market.

"We have always seen a 50:50 ratio in the percentage of sales online and in store and our target audience would be the evolved women of today, spread across ages. Our collections are diverse, reflecting in our prices which range from Rs 500 to  Rs 1,75,000. With more stores, we hope to expand our reach to more consumers of jewellery in India, allowing them to engage with our products before purchase; and with 7 of our stores being in airports across India, we hope to expand our reach to more cities and countries in the world as well," says Akanksha Arora, CEO of Tribe Amrapali.

Tribe Amrapali's strategic expansion into airport locations aligns with its vision of reaching a broader audience both domestically and internationally. Currently, 7 out of their 20 stores are situated in airports across India, capitalizing on the growing footfall in these hubs. Recent statistics indicate a substantial increase in domestic footfall, with numbers more than doubling from 2014 to 2024.

Cities like Hyderabad, Bengaluru, Ahmedabad, and Delhi have witnessed exponential growth in airport foot traffic over the past decade, presenting ample opportunities for retail expansion. Tribe Amrapali's presence in these key airports positions them to connect with travelers from diverse backgrounds, fostering global engagement.

Looking ahead, Tribe Amrapali plans to introduce new metals and expand its range of stones, catering to evolving consumer preferences. By bridging geographical gaps and offering an extensive product range, the brand aims to strengthen its foothold in major cities across India, ensuring accessibility for jewelry enthusiasts nationwide.

 

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Retail India News: G-SHOCK Opens First Exclusive Store in New Delhi
Retail India News: G-SHOCK Opens First Exclusive Store in New Delhi
 

Casio Computer Co. Ltd, headquartered in Japan and the parent company of Casio India, has launched its first Exclusive G-SHOCK Store in New Delhi, marking the sixth addition to its exclusive store network across the country. With this latest addition, Casio & G-SHOCK now boast a total of 61 Exclusive stores across India, reaffirming the brand's dedication to providing unmatched experiences for its customers nationwide.

Nestled in the lively neighborhood of Pacific Mall Subhash Nagar, this new G-SHOCK Exclusive Store is set to become a cornerstone of horological excellence in the heart of the capital city. This exclusive G-SHOCK store promises an immersive experience, dedicated to showcasing the diverse product portfolio.

Boasting an extensive line-up of G-SHOCK's iconic men's and women's range, this store is a haven for anyone who appreciates its rugged elegance and precision engineering. Central to the store's offerings are G-SHOCK's masterpiece series, including the legendary 5600 and 2100 series, alongside a curated selection of the latest drops and coveted limited-edition timepieces. From rugged functionality to cutting-edge design, each G-SHOCK timepiece embodies the brand's ethos of innovation, durability, and style.

Speaking about the launch, Hideki Imai, Managing Director, Casio India said, “We are thrilled to unveil our first Exclusive G-SHOCK Store in New Delhi, a city well-known for authentic style, creative expression, and diverse culture. With the launch of this store, we are excited to bring our latest drops and a curated G-SHOCK range to the Delhi audiences. With superior craftsmanship and differentiated designs, G-SHOCK timepieces offer a compelling choice that resonates with the dynamic tastes and preferences of today’s audience. We look forward to welcoming our customers to our new store at Pacific Mall, Subhash Nagar.”

 

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Retail India News: Flipkart Unveils Grocery Fulfillment Center in Visakhapatnam, AP
Retail India News: Flipkart Unveils Grocery Fulfillment Center in Visakhapatnam, AP
 

Flipkart, India’s homegrown e-commerce marketplace, has expanded its footprint with the launch of its grocery fulfillment center in Visakhapatnam, Andhra Pradesh, offering next-day grocery deliveries to local consumers. Leveraging its local consumer insights, Flipkart will offer a curated range of popular regional brands such as Freedom and Heritage, among others, along with an expansive range of over 6,000 products from categories such as dairy, eggs, chocolates, staples, cleaning aids, and more.

Visakhapatnam is one of the fastest-growing e-commerce destinations in India and a major market for online groceries. Over the years, it has seen an influx of consumers from various segments who are prioritizing convenience and value for their grocery needs. Given Flipkart’s offering of a wide assortment of value selections, it has witnessed strong growth in grocery demand and daily orders by local consumers, which has led to the launch of its second grocery fulfillment center in the state after Vijayawada.  

The new fulfillment center, which is spread across 77,000 square feet, will cater to 8,000 orders per day in Visakhapatnam, along with Anakapalle, Kakinada, Rajahmundry, Srikakulam, and Vizianagaram. It will generate close to 1,000 direct and indirect employment opportunities while uplifting the livelihood opportunities of numerous small businesses, MSMEs, and local farmers in the region.

Talking about the launch, Srideep Kesavan, CEO at Heritage Foods said, “We at Heritage Foods deeply value the great partnership we have with Flipkart. With one of the widest distribution reach, Flipkart is a critical partner for our growth, especially as we expand our brand reach across the country. We constantly strive to serve our shoppers with a wide variety of products and packaging options for every occasion and delight them with the highest quality that we are known for.”

Rajneesh Kumar, Chief Corporate Affairs Officer at Flipkart Group asserted, "Being a homegrown company with a consumer-first approach, we are happy to launch our second grocery fulfillment center in the state. Andhra Pradesh has been one of our key priority markets where we are seeing significant demand for online groceries among local consumers. We acknowledge the strong growth opportunity in the state, and with the launch of this new fulfillment center, consumers will have easy access to fresh groceries being delivered to them the next day at the convenience of their homes. This investment reinforces our commitment to reach the length and breadth of Bharat, bridging the digital gap and making online shopping more seamless for consumers while empowering local businesses, MSMEs, and farming communities and creating local job opportunities.” 

Commenting on the launch, Hari Kumar G, Vice President, Head of Grocery, Flipkart stated, “Andhra Pradesh is a fast-growing market for us, and consumers are increasingly moving to online shopping for their daily grocery needs. Our new fulfillment center in Visakhapatnam will address this growing demand as we offer a broad array of superior-quality groceries at great value to consumers on the next day. Through this launch, we aim to elevate consumer satisfaction while improving the growth of the overall region.”

Earlier, reliant on the Vijayawada fulfillment center, consumers of Visakhapatnam and nearby regions will now receive their grocery deliveries the next day at the right value. Flipkart continues to foster socio-economic growth in the regions it serves by empowering regional MSMEs, sellers, and farmers, while also supporting local businesses involved in food processing, logistics, packaging, and related sectors. Leveraging innovative technology, Flipkart Grocery enhances user engagement with features such as voice-enabled shopping, credit options, and open-box delivery, ensuring an elevated shopping experience.

 

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Retail India News: Malabar Gold & Diamonds Surpasses Rs 50,000 Cr Milestone in Annual Revenue
Retail India News: Malabar Gold & Diamonds Surpasses Rs 50,000 Cr Milestone in Annual Revenue
 

Malabar Gold & Diamonds, a global leader in the jewelry industry, proudly announces a historic achievement, clocking an annual retail turnover of Rs 51,218 Crore Indian Rupees in the previous fiscal year. This milestone underscores the brand's unwavering commitment to excellence and customer trust.

With an ambitious vision for expansion, Malabar Gold & Diamonds plans to inaugurate new stores in lucrative markets including New Zealand, Egypt, Bangladesh, and various European destinations. The company aims to introduce 100 new stores within the next year, reinforcing its position as a premier jewelry destination worldwide.

To accommodate this rapid growth, Malabar Gold & Diamonds plans to expand its workforce by hiring an additional 7,000 employees, bringing the total count to 28,000. This expansion not only reflects the brand's commitment to job creation but also highlights its dynamic and inclusive work culture.

Furthermore, the company is set to extend its footprint across various Indian states such as Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir, solidifying its presence in the domestic market.

MP Ahammed, Chairman of Malabar Group, expressed his pride in the brand's accomplishments, and said, "Maintaining our position as a Responsible Jeweller is our utmost responsibility. Given our extensive global presence, we maintain our dedication to responsibly sourcing gold, ensuring it is mined without infringing upon the rights of individuals, particularly children, animals, and their habitats, assuring ethical practices, and transparent fund management. This commitment has earned us the trust and loyalty of our customers. We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve."

In addition to its impressive retail network, Malabar Gold & Diamonds boasts state-of-the-art design studios, training facilities, and research and development departments. The company collaborates with renowned consulting firms like Ernst & Young, Deloitte, Accenture, and IBM to ensure operational excellence.

Customers can expect unparalleled value and service through initiatives like the "One India One Gold Rate" scheme, offering consistent pricing nationwide. Malabar Gold & Diamonds also provides customers with 10 promises, including transparent pricing, lifetime free maintenance on jewelry, and certified diamonds, cementing its commitment to quality and customer satisfaction.

With its dedication to responsible sourcing, ethical business practices, and customer-centric approach, Malabar Gold & Diamonds continues to shine as a beacon of excellence in the global jewelry landscape.

 

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Retail India News: Blue Star Unveils Extensive Lineup of Affordable and Premium Room Air Conditioners
Retail India News: Blue Star Unveils Extensive Lineup of Affordable and Premium Room Air Conditioners
 

Blue Star Limited, a leading name in home cooling solutions, has announced the launch of its latest range of Room Air Conditioners (ACs) tailored for the upcoming summer season. With a focus on affordability and premium features, the company has introduced over 100 models, catering to diverse consumer needs.

The surge in demand for room ACs, particularly from the expanding middle class with increased disposable incomes, has prompted Blue Star to offer a wide selection of ACs across different price segments. This move aligns with the shifting perception of ACs from a luxury to a necessity, especially evident in Tier II, III, and IV markets.

Blue Star's commitment to meeting this demand is evident in its investment in manufacturing, research, and development, resulting in innovative and high-quality AC offerings. The new range encompasses inverter, fixed-speed, and window ACs, providing options for every budget and requirement.

A Look at the 2024 Air Conditioner Range:

Inverter Split ACs: Blue Star has introduced three categories in this segment - flagship, premium, and affordable ranges, spanning 2-star, 3-star, and 5-star variants. These models offer various cooling capacities, starting from 0.8 TR to 2.2 TR, with prices beginning at Rs 29,990. Each unit is equipped with innovative features like 'AI Pro', 'Turbo Cool', 'Convertible 6-in-1 cooling', and Nano BluProtect Technology, ensuring maximum comfort and efficiency.

Flagship Range: The flagship models feature advanced technologies such as 'Super Energy-Efficient ACs', 'Heavy-Duty ACs', 'Smart Wi-Fi ACs', 'Hot & Cold ACs', and 'ACs with Anti-Virus Technology'. Additionally, a special 80th-year anniversary edition AC has been introduced, boasting cutting-edge features and commemorating Blue Star's legacy.

Blue Star has bolstered its manufacturing capabilities with a state-of-the-art facility in Sri City, Andhra Pradesh, alongside existing plants in Himachal Pradesh. These facilities ensure a production capacity of over a million room ACs, poised to increase to 1.8 million units in the near future.

Expanding its outreach, the company is making significant strides in e-commerce and modern trade channels, supported by robust distribution networks and a focus on customer service. With a network of over 2,100 service centers and a fleet of service vehicles, Blue Star ensures prompt after-sales support.

B Thiagarajan, Managing Director of Blue Star Limited, expressed optimism about the future, citing “The market for room ACs is at its inflection point and is poised to grow exponentially over the next few years. Industry estimates reckon that the market will more than double by 2030. This represents a huge opportunity for us, having over 80 years of AC expertise and being well-entrenched in the marketplace.”

He further adds, “Blue Star continues to make significant investments in R&D, manufacturing as well as supply chain to enhance competencies and capabilities to leverage the growing demand effectively. We anticipate the forthcoming summer season to be strong and expect the demand for room air conditioners to be robust. We are confident that with our formidable battalion of room ACs, cutting across all consumer segments and price points, we will grow faster than the market.

 

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Retail India News: United Spirits Expands Portfolio with 15pc Stake Acquisition in Pistola Agave Spirits Brand
Retail India News: United Spirits Expands Portfolio with 15pc Stake Acquisition in Pistola Agave Spirits Brand
 

United Spirits, a prominent player in the alcohol beverage industry, has taken a significant step towards diversification by acquiring a 15 percent stake in Inspired Hospitality, the parent company of Pistola, for Rs 5.65 crore. This strategic move aims to solidify United Spirits' presence in the premium craft segment.

According to a BSE filing on Thursday, United Spirits will subscribe to 3,494 Compulsory Convertible Preference Shares (CCPS) and 10 equity shares of Pistola. This acquisition constitutes approximately 15.0 percent of Pistola's paid-up share capital, on a fully diluted basis.

Pistola, founded in 2010 by Rakshay Dhariwal and Radhika Dhariwal, specializes in agave spirits, operating in development, marketing, and sales. Despite not owning a bottling unit facility, Pistola efficiently outsources this function to a third party.

The investment underscores United Spirits' commitment to tapping into emerging market segments. By leveraging Pistola's expertise in agave spirits, United Spirits aims to enhance its footprint in the premium craft beverage market.

Moreover, United Spirits has expressed interest in potentially acquiring the remaining shares held by other shareholders, contingent upon Pistola's achievement of specific pre-agreed milestones within a defined timeframe.

Pistola, recognized as one of India's emerging premium agave brands, began its commercial operations in December 2021. Alongside its presence in India, Pistola's products enjoy distribution across the USA, Singapore, and Thailand.

With this strategic partnership, United Spirits is poised to capitalize on the growing demand for premium craft beverages, further cementing its position as a leader in the alcohol beverage industry.

 

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Retail India News: Lifestyle Appoints Ritesh Mishra as Deputy CEO to Drive Retail Innovation
Retail India News: Lifestyle Appoints Ritesh Mishra as Deputy CEO to Drive Retail Innovation
 

In an exciting development for the retail industry, Landmark Group announced the appointment of Ritesh Mishra as the new Deputy Chief Executive Officer (CEO) of Lifestyle. With an impressive 23 years of experience in the retail sector, Mishra's expertise promises to usher in a new era of growth and innovation.

Mishra's responsibilities in his new role will focus on expanding corporate footprints and cementing market leadership, reflecting his extensive background and capabilities. Devarajan Iyer, Executive Director and CEO of Lifestyle India, expressed enthusiasm about the appointment, stating, "We are thrilled to welcome Ritesh Mishra to our team. His extensive experience and proven track record in the retail industry make him a valuable addition to our leadership team."

Ritesh Mishra is a seasoned business leader with a successful track record in fashion and retail. His strategic mindset and passion-driven leadership have consistently delivered results. With a diverse background spanning offline and online retail operations, buying, merchandising, supply chain management, and P&L management, Mishra is poised to drive long-term business goals.

Mishra's commitment to achieving scale and profitability is evident from his past endeavors, including his role as Managing Director at Marks and Spencer Reliance India Pvt Ltd. His appointment underscores Lifestyle's dedication to innovation and growth in the retail sector.

 

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Retail India News: Gargi by PNGS Goes Nationwide, Lands in Chennai, Shillong, and Kanpur
Retail India News: Gargi by PNGS Goes Nationwide, Lands in Chennai, Shillong, and Kanpur
 

Gargi by P N Gadgil & Sons (PNGS), a leading name in fashion jewelry, has rapidly expanded its reach by launching Gargi Shop-in-Shop (S-I-S) at Shoppers Stop in Chennai, Shillong, and Kanpur within just a week. This strategic move solidifies Gargi's presence in the Indian fashion scene, now spanning 18 locations across ten major metro cities and six states.

The Indian fashion jewelry market is on the rise, projected to hit $2,126.3 million by 2027, with Gargi poised to capture a significant share of this burgeoning market.

Aditya Modak, Co-founder of Gargi by PNGS, expressed "We are thrilled with our rapid expansion into new territories, setting the stage for an exhilarating brand presence in 2024. Our mission is to continue reaching more customers and offering them our distinctive, high-quality jewellery pieces at affordable prices. We warmly welcome the communities of Kanpur, Chennai, Shillong, and nearby regions to explore our offerings and anticipate strategically launching more such stores across various territories."

Crafted with 92.5 percent sterling silver, premium brass, and dazzling diamonds, Gargi's signature collection embodies elegance and style. The brand's rapid expansion underscores its commitment to providing top-tier fashion jewelry and unparalleled shopping experiences nationwide.

Named after Goddess Durga and inspired by the ancient scholar Gargi from the Ramayana, Gargi symbolizes beauty, integrity, and scholarship. Thriving under the legacy of P N Gadgil & Sons, Gargi upholds operational excellence while carving its path in the fashion jewelry industry.

With an eye on the future, Gargi sets ambitious goals, aiming to surpass $100 billion in sales within the next two years. With its aggressive expansion plan and unwavering commitment to quality, Gargi is poised to redefine standards in the retail industry.

 

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Retail India News: New Balance Steps into Pune with Debut Store at Phoenix Mall
Retail India News: New Balance Steps into Pune with Debut Store at Phoenix Mall
 

New Balance, the iconic sports footwear and apparel brand, has officially inaugurated its first-ever store in Pune, marking a significant expansion move into one of India's thriving urban hubs. Situated within the bustling Phoenix Mall of the Millennium, Wakad, this store signifies New Balance's commitment to providing a unique retail experience tailored to the diverse needs of Indian consumers.

Following the successful launch of its store in Hyderabad, New Balance continues to solidify its presence in the Indian market, bringing its latest retail concept to Pune. The store showcases a meticulously curated collection designed to cater to both professional athletes and fashion-conscious individuals, embodying New Balance's ethos at the nexus of sports and culture.

Radeshwer Davar, Country Manager of New Balance India, expressed his excitement, stating, "We are delighted to open our first-ever store in Pune. Our brand perfectly complements Pune's dynamic and cosmopolitan lifestyle, making it a great fit in our expansion journey across India."

The store's layout fosters a sense of community engagement, inviting customers to connect and explore their personal style within a vibrant atmosphere. Visitors to the Phoenix Mall of the Millennium store will have the opportunity to experience New Balance's latest innovations firsthand, including the acclaimed Fresh Foam X and FuelCell technologies, along with iconic offerings such as the 1080, 550, 327, and 9060 models.

New Balance, headquartered in Boston, MA, boasts a rich heritage dating back to 1906 and is committed to empowering individuals through sport and craftsmanship. With a global workforce of 9,000 associates and reported worldwide sales of $6.5 billion in 2023, New Balance continues to drive positive change in communities worldwide.

The opening of the Pune store underscores New Balance's dedication to providing high-quality products and immersive retail experiences, setting the stage for further expansion and engagement with customers across India. 

 

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Retail India News: Sai Silks Kalamandir Dazzles with Fine Silver Jewellery Debut
Retail India News: Sai Silks Kalamandir Dazzles with Fine Silver Jewellery Debut
 

Ethnic wear powerhouse Sai Silks Kalamandir Ltd (SSKL) has unveiled its latest venture into the world of fine silver jewelry. Branded as Rasamayi, the new jewelry outlet marks a significant expansion of SSKL's product range, as announced in a press release on Wednesday.

Nestled within its flagship Kalamandir store in Visakhapatnam, the jewelry boutique promises a fusion of tradition and modernity, catering to the tastes of discerning customers. Managing Director Prasad Chalavadi expressed his enthusiasm, stating, "We are excited to enter a new market that resonates with our values, and appreciates jewellery, fashion, and beauty."

As the wedding season approaches, the saree-jewellery combo offering aims to elevate the shopping experience for patrons. Chalavadi further added, "Customers can look forward to exploring an exquisite collection of premium silver accessories that blend tradition with contemporary allure."

From temple jewelry to lightweight designs, the product lineup encompasses a diverse array of styles, including antique nakshi, Victorian, kundan, and moissanite jewellery.

SSKL's retail footprint spans four distinct formats, including Kalamandir, Mandir, Varamahalakshmi Silks, and KLM Fashion Mall, alongside robust e-commerce channels. Since its inception in 2005, the company has burgeoned to encompass 60 stores across Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu, boasting an expansive combined floor space exceeding 6 lakh sq. ft.

Last year's IPO marked a pivotal moment for SSKL, facilitating its ambitious expansion plans. As Chalavadi noted, "One of the key reasons for raising funds through the stock markets was aggressive expansion."

With its latest foray into the realm of fine silver jewellery, Sai Silks Kalamandir continues to captivate fashion enthusiasts with its commitment to quality and innovation.

 

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Retail India News: MARS Cosmetics Sets Ambitious Expansion Goals
Retail India News: MARS Cosmetics Sets Ambitious Expansion Goals
 

MARS Cosmetics is an Indian cosmetics brand dedicated to creating 'makeup for everyone'. The brand has significantly expanded its reach by successfully launching kiosks in different cities nationwide. With the recent launch of its latest kiosk in Z Square Mall, Kanpur, the brand has further extended its presence to include Elante Mall in Chandigarh, Gaur City in Greater Noida, Pacific Jasola in Delhi, The Mall of Faridabad in Haryana.

The brand recently welcomed another kiosk at Pacific Mall, Netaji Subhash Place to enhance its offline presence and facilitate accessibility to its consumers.

Rishabh Sethia, Director and Business Administrator at MARS Cosmetics expresses his enthusiasm about the company's recent achievements and plans, stating, "We are delighted to witness the overwhelming response to our newest kiosk in Kanpur and are grateful for the continued support from our valued customers. Each launch represents a significant milestone for MARS Cosmetics as we strive to bring our high-quality products closer to consumers across India. We are excited about the upcoming openings in Ahmedabad, Surat, Mohali, and Udaipur, which will further strengthen our presence in key markets." 

With the expanding network of kiosks, MARS Cosmetics remains committed to offering innovative beauty solutions and personalized customer experiences. With a diverse range of makeup and beauty tools, the brand aims to empower people to express their unique styles and enhance their natural beauty.

 

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Retail India News: Quba Homes Unveils 'RAW' Collection: Redefining Modern Luxury Furniture
Retail India News: Quba Homes Unveils 'RAW' Collection: Redefining Modern Luxury Furniture
 

Quba Homes is a bespoke furniture styling studio known for incorporating complex and artistic elements into modern designs. Founded in 2019, they curate furniture inspired by both modern and classical eras, delivering design solutions with an emphasis on quality manufacturing. The brand recently launched its latest luxury collection, 'RAW,' setting a new benchmark in contemporary furniture design.

According to Quba Homes' Founder, Puneet Budhiraja, “RAW defines itself by Redefined, Avant Garde, Workmanship, where every piece of furniture speaks volumes with its premium touches. The distinctive designs in our bespoke furniture collection redefine what it means to be luxurious and create a powerful design statement."

Here's a glimpse of some standout pieces from the collection:

1) Arch Coffee Table: Inspired by 'deconstructivism', this modern coffee table boasts a shiny brass finish and a marble top, elevating any living space.

2) Ombre Dining Chair: Combining sleek design with comfort, this chair features pure white upholstery and slanted legs for stability and style.

3) Fins Dining Chair: Offering comfort with creative design, this chair features symmetric cushions and a strong brass stem for sturdiness.

4) Flat Iron Table: With a nod to the Flat Iron Building in New York, this table features a circular top and an elegant brass base, adding urban refinement to any space.

5) Thor Bar Cabinet: Inspired by the Thor hammer, this olive green cabinet reimagines the standard home bar with its chiselled front panel and thoughtful storage design.

6) H Cast Glass Table: Celebrating design brilliance, this table combines form and function with its balanced structure and durable cast glass construction.

Puneet Budhiraja, CEO of Quba Homes, leverages his expertise in curating bespoke furniture to redefine luxury in residential spaces. With a background in arts and experience in the steel business, Puneet brings a unique blend of creativity and business acumen to Quba Homes' design and manufacturing process.

 

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Retail India News: Pansari Group Reports 39pc Volume Surge and 20pc Value Growth for FY 23-24, Eyes Future Expansion
Retail India News: Pansari Group Reports 39pc Volume Surge and 20pc Value Growth for FY 23-24, Eyes Future Expansion
 

Pansari Group, a prominent player in the FMCG sector, celebrates a remarkable performance in the fiscal year 2023-24, boasting a 20 percent increase in value and an impressive 39 percent surge in volume. This exceptional achievement positions the company for robust growth prospects in the coming years.

With a strategic focus on their recently introduced tea brand, TVOY, Pansari Group aims for sales exceeding a hundred crore, targeting a staggering 70 percent year-on-year volume growth over the next two years.

Shammi Agarwal, Director of Pansari Group, expressed enthusiasm, stating, "We are thrilled to announce our substantial growth trajectory for FY 2023-24. Our unwavering dedication to delivering quality products and innovative solutions has been pivotal in driving this exceptional performance."

Despite challenges in international markets, including regulatory hurdles impacting wheat flour and rice duties, the company remained steadfast in diversifying its offerings. Initiatives like HoReCa International for B2B customers and expansion into private-label products beyond commodities showcase their adaptability.

Pansari Group's distribution strategy, with over 800 distributors, emphasizes segmentation for commodities and value-added products, ensuring operational efficiency. Through investments in technology, the company aims to elevate engagement with retailers, fostering stronger customer connections and loyalty.

The brand's recent expansion, marked by the launch of 'Mojee' cocktail syrups, Pansari Chai, and the TVOY Green Tea range, has solidified its position as a market leader in the FMCG industry.

In the upcoming fiscal year, Pansari Group anticipates a regional shift in business contributions, with the North expected to dominate 60 percent of operations, while the West and South regions collectively contribute 40 percent.

 

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Retail India News: Miraggio Launches Empowering 'Fierce Collection' - Redefining Style for Modern Women
Retail India News: Miraggio Launches Empowering 'Fierce Collection' - Redefining Style for Modern Women
 

Renowned handbag brand Miraggio unveils its latest innovation, the 'Fierce Collection', aimed at empowering dynamic women who balance style and functionality in their daily lives.

Crafted for the modern woman, the 'Fierce Collection' embodies versatility and sophistication, seamlessly complementing their busy lifestyles with its blend of sleek design and practicality.

CEO Mohit Jain expresses excitement about the launch, stating, "Our 'Fierce Collection' celebrates the bold spirit of today's women. We believe every woman deserves empowerment and confidence in her style, whether in the boardroom or on a weekend getaway."

From the spacious Ace Tote Bag to the elegant Zoe Handbag, each piece in the collection is meticulously designed to exude timelessness and boldness, catering to the needs of go-getters and trendsetters alike.

Miraggio's 'Fierce Collection' symbolizes empowerment and confidence, redefining fashion for the modern woman. Experience the blend of style and functionality with Miraggio's latest collection and make a statement wherever you go.

 

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