Become A Member

ONDC Undertakes New Initiatives Including the Incentive Program, to Roll Out in December

Retail & Business
ONDC Undertakes New Initiatives Including the Incentive Program, to Roll Out in December
BY - Indian Retailer Bureau
Sub Editor Dec 16, 2022 / IndianRetailer
130
/ 7 MIN READ
  • IR
  • IR
  • IR
ONDC Undertakes New Initiatives Including the Incentive Program, to Roll Out in December

Open Network for Digital Commerce (ONDC) an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, envisioned to create a facilitative model to revolutionize digital commerce, giving greater thrust to penetration of retail e-commerce in India. 

Incorporated as a section-8 company in 2021 as a private sector-led non-profit company as an entity is expected to provide a start-up mindset for a population scale implementation. 19 institutions (consisting of banks and financial institutions - listed in the annexure) have invested startup capital of Rs 180 crore as equity.

Considering the national importance of this project, an Advisory Council has been in place since June 2021 with participation from the government and industry.

With the growth of the company, 12 board members have joined the company including three government nominees from the Ministries of Commerce and Industry (DPIIT), MSME, and Consumer Affairs. While 28 employees have joined ONDC, many organizations are complementing ONDC’s journey by contributing volunteers, professionals, and experts to work as part of the team.

ONDC is not an application, platform, intermediary, or software but a set of specifications designed to foster open, unbundled, and interoperable open networks, thereby eliminating the dependency on a single platform.

Major ONDC objectives are:

  1. Democratization and decentralization of eCommerce 
  2. Inclusivity and access for sellers, especially small and medium enterprises as well as local businesses
  3. Increased choices and independence for consumers

ONDC’s Beta testing phase in the city of Bengaluru was the first step in operationalizing a network approach to e-commerce as an alternative to a platform-centric approach. This will make the e-Commerce landscape more inclusive, accessible, and experience-driven for all consumers and sellers.

As part of the Beta testing phase, the network went live to public users in Bengaluru in Grocery and F&B categories in September 2022 with 5 buyer applications including PayTM, IDFC, Mystore, Spice Money, and Craftsvilla, 12 Seller applications which included GoFrugal, Growth Falcon, eSamudaay, Digiit, Ushop, Sellerapp, Bizom, uEngage, Innobits, eVitalRx, Mystore and nStore along with 2 logistics applications Loadshare, and Dunzo.  

Since September, multiple other buyers, sellers, and logistics applications have gone live including ITC, EkSecond Technologies, Meesho, Uengage, Grab, Delhivery, and Shiprocket to a total of 26, and more than 70 participants are in advanced stages of integration. 

ONDC has leveraged the Beta testing phase to fine-tune the operational performance of the network and is now entering a new stage of evolution with the objective of increasing transactions conducted through the network at a transformational scale.

Furthermore, ONDC is undertaking several new initiatives among which the Incentive Program is the earliest to be rolled out starting December 15, 2022. Through this one-time incentive program, the aim is to scale its current network of over 700 merchants across India in F&B and Groceries to more than 20,000 merchants in India across various categories.

This will be supplemented by the enablement of new categories like Fashion, Home, and Kitchen including Décor, Electronics, Beauty, and Personal Products which are expected to go live on the network in the next 4-8 weeks, thus extending the breadth of operations which will also be supported by new logistics network participants joining us to facilitate intercity logistics. 

To further enhance the efficiency of settlements on the network, ONDC has developed a framework to support Reconciliation and Settlements, ensuring payments are correctly distributed to the right entities as defined in the digital contracts and service level agreements within defined timeframes. 

The system is expected to go live by January and has been tested successfully and implemented by Kotak Bank and Protean, while the Bharat Bill Pay System (BBPS), an ecosystem conceptualized by the Reserve Bank of India (RBI) and driven by the National Payments Corporation of India (NPCI) are in advanced stages of development.

With the inauguration of ONDC’s official workplace, ONDC celebrates a milestone in completing the formalization of its organization’s presence.  

 “Every day we are engaged in solving new challenges and enabling solutions at the population scale. Our new office will finally bring together the best of our talents and foster a culture of collaboration and innovation like never before. Truly excited as we come together and work towards achieving our ambitious goals,” said T Koshy, Managing Director, and Chief Executive Officer, ONDC.

 
Popular Articles
Stay on top – Get the daily news from Indian Retailer in your inbox
Retail & Business
Kenvue Expands Hydration Portfolio in India with WHO-Approved ORS Launch
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Kenvue Expands Hydration Portfolio in India with WHO-Approved ORS Launch
 

Kenvue, the world's largest pure-play consumer health company by revenue and the maker of ORSL electrolyte drinks, has introduced WHO ORS in a Ready-to-Drink (RTD) format for patients experiencing diarrhea-induced dehydration. This expansion strengthens Kenvue's presence in India's retail health market by providing scientifically backed hydration solutions.

ORSL, recognized as India’s leading RTD electrolyte drink brand, has been pioneering the ready-to-drink electrolyte segment for over two decades. The brand has focused on advancing hydration science through fluid, electrolyte, and energy (FE&E) formulations to support recovery in non-diarrheal conditions. Building on this foundation, Kenvue's new WHO-approved ORS formula targets effective rehydration for diarrhea-related dehydration.

According to the World Health Organization (WHO), diarrhea is a significant global health concern, with approximately 1.7 billion childhood cases annually. In India, it remains the third leading cause of death among children under five. Despite being the gold standard treatment for diarrhea, WHO-recommended oral rehydration salts (ORS) remain underutilized. Data from the National Family Health Survey-5 (2019-21) indicates that ORS usage among children under five stands at 60.6 percent.

The RTD WHO ORS addresses this gap by providing an accurately formulated solution that aligns with WHO osmolarity standards. This convenient format ensures ease of consumption and effective rehydration, potentially preventing up to 93 percent of diarrhea-related deaths. Research also suggests that reduced osmolarity ORS solutions can lower the need for unscheduled intravenous therapy by 33 percent

A Kenvue study published in the Journal of Applied Pharmaceutical Sciences highlighted significant preparation errors in powdered ORS solutions among Indian consumers. Variations in water measurements and taste preferences compromised efficacy, posing risks during diarrheal dehydration. Similarly, a study in rural Vasind, India, revealed that while many mothers knew ORS should be mixed with one liter of water, only 32 percent prepared it correctly.

The newly launched WHO ORS features Hydra-Activ Technology, ensuring 100 percent compliance with WHO osmolarity standards. This RTD product offers caregivers and healthcare professionals a reliable, hygienic, and convenient hydration solution. Available in Apple and Orange flavors, the product aims to mitigate water contamination and preparation errors linked with traditional powdered ORS.

Manish Anandani, Managing Director, India, Kenvue, stated, "ORSL® is a priority brand in our global self-care portfolio. We continue to bring science-backed innovations and collaborate with healthcare practitioners to advance hydration solutions. The launch of the Ready-to-Drink WHO ORS formula reflects our commitment to addressing diarrheal dehydration with convenience."

Prashant Shinde, Business Unit Head – Self Care, Kenvue added, "With the introduction of Ready-to-Drink WHO ORS, we enter the space of diarrheal dehydration, solidifying our position in the hydration solutions market."

Dr. C Suresh Kumar, Consultant Pediatrician at RVM Institute of Medical Sciences, Hyderabad commented, "WHO ORS is a gold standard in treating diarrhea-related dehydration. Ready-to-drink formulations ensure accurate osmolarity and aid recovery, addressing challenges with powdered ORS preparation."

Kenvue unveiled the WHO ORS at Pedicon 2025, the 62nd National Conference of the Indian Academy of Paediatrics. The event showcased Kenvue's complete hydration solutions portfolio and engaged pediatricians in supporting efforts to combat diarrhea and reduce preventable child mortality in India.

 
Next Story
Popular Articles
Retail & Business
Reliance Retail Reports 8.75 Pc Revenue Growth in Q3 FY25
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Reliance Retail Reports 8.75 Pc Revenue Growth in Q3 FY25
 

Reliance Retail Ventures Ltd. (RRVL), the retail division of Reliance Industries led by Mukesh Ambani, recorded an 8.75 percent rise in gross revenue to Rs 90,333 crore for the December quarter, driven by increased festive demand. The company's profit after tax (PAT) grew 10 percent to Rs 3,458 crore, up from Rs 3,145 crore in the corresponding period last year, according to Reliance Industries Ltd.'s regulatory filing.

Operational revenue increased 7 percent year-on-year to Rs 79,595 crore from Rs 74,373 crore. Digital commerce and new commerce channels contributed 18 percent to the total revenue as Reliance Retail expanded its presence in these segments. The retailer's pre-tax profit (EBITDA) rose 9.45 percent to Rs 6,828 crore.

Reliance Retail added 779 new stores during the quarter, bringing the total to 19,102 stores covering 77.4 million sq ft. Store footfall increased 5 percent to over 29.6 crore, while the registered customer base expanded to 33.8 crore. Total transactions rose nearly 11 percent to 35.5 crore from 32 crore a year earlier.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries stated, "The retail segment delivered a strong performance, with noteworthy contributions from all formats. The business ably capitalised on the pick-up in consumption amid festive demand during the quarter."

The consumer electronics segment saw a 12 percent year-on-year increase in sales, supported by new product launches and seasonal demand. Offline electronics sales were bolstered by festive and wedding season spending, resulting in higher average bill values and conversions.

In fashion and lifestyle, the apparel and footwear division rebounded with trendy designs and improved store experiences. New formats such as Yousta, Azorte, and GAP achieved significant consumer engagement, reaching record sales during the quarter.

AJIO, Reliance Retail's digital fashion platform, recorded steady performance with a 7 percent rise in average bill value and added over 19 lakh new customers. The product catalogue grew 33 percent year-on-year to 2.2 million items, expanding by more than half a million new products.

The grocery B2C segment continued its growth momentum with a 37 percent increase. The Metro Cash and Carry business, acquired from a German retailer, reported its highest-ever festive sales.

Reliance's consumer brands crossed Rs 8,000 crore in revenue during the first nine months of FY25. The Campa and Independence brands gained market share, with Campa holding over 10 percent in the sparkling beverage segment in select states. Both brands are projected to surpass Rs 1,000 crore in turnover in FY25.

Isha M Ambani, Executive Director of Reliance Retail Ventures said, "Our focus on offering a wide range of products at an attractive price-value proposition continues to draw customers to our stores and digital platforms. Through JioMart, express and scheduled deliveries, and Milkbasket subscription services, we are enhancing the shopping experience for diverse customers." 

 
Next Story
Popular Articles
Retail & Business
Shoppers Stop Reports 37 Pc Profit Growth in Q3 FY25 Driven by Retail Expansion
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Shoppers Stop Reports 37 Pc Profit Growth in Q3 FY25 Driven by Retail Expansion
 

Shoppers Stop Ltd a leading department store chain in India’s retail sector, reported a 37 percent increase in consolidated net profit at Rs 49 crore for the third quarter ending 31 December 2024. According to the company's press release, this marks a significant rise from the Rs 35 crore profit recorded during the same period in the previous year.  

The company’s consolidated revenue from operations grew to Rs 1,311 crore in Q3 FY25, up from Rs 1,207 crore in the corresponding quarter of the previous fiscal year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 262 crore, reflecting growth from Rs 219 crore in the third quarter of FY24.  

Kavindra Mishra, Managing Director and CEO of Shoppers Stop said, “We ended Q3 with a fairly positive note and the growth trajectory of the business heading in the right direction. We have delivered healthy volume-led revenue growth of 9 percent and like-for-like (LFL) growth of 4 percent, despite higher inflation and decline in consumer spending. Our premium categories contributed 64 percent of our total revenue. We have improved every KPI’s during the quarter. Our strategic focus is to make private brands profitable.”  

Private brands contributed Rs 186 crore in sales, accounting for 12 percent of overall sales and 18 percent within the apparel segment, highlighting the company’s strategic emphasis on profitability through in-house labels.  

The beauty segment achieved Rs 268 crore in sales, reflecting 3 percent year-on-year growth, supported by a 14 percent rise in the fragrance category. Global SS Beauty Brands Ltd., a subsidiary of Shoppers Stop, recorded Rs 78 crore in sales, showing a 26 percent year-on-year increase.  

During the quarter, Shoppers Stop expanded its retail footprint by opening 16 new stores, including nine INTUNE stores, six SS Beauty outlets, and one department store. The company invested Rs 53 crore in capital expenditure for these expansions. In Q4 FY25, Shoppers Stop plans to open 26 new INTUNE stores and six additional department stores to strengthen its market presence.  

Founded in 1991, Shoppers Stop currently operates 109 department stores, 11 premium home concept stores, 85 specialty beauty stores featuring brands like M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, ARMANI, and SS Beauty, along with 59 INTUNE stores and 20 airport outlets. The brand covers 4.3 million square feet of retail space across 68 cities in India.  

Shoppers Stop’s consistent growth in retail sales and strategic focus on premium and private-label categories position the company for continued success in India’s evolving retail market.

 
Next Story
Popular Articles
Retail & Business
Goyal Salt Expands Retail Presence Across India with Targeted Marketing Strategy
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Goyal Salt Expands Retail Presence Across India with Targeted Marketing Strategy
 

Goyal Salt Limited, a leading FMCG brand in India specializing in salt products, is strengthening its retail presence across Tier I to VI cities. The company is focusing on digital marketing to enhance brand positioning in these markets. Actress Karisma Kapoor has been appointed as the face of the campaign, supported by significant marketing investments to build brand awareness and customer engagement.  

Goyal Salt’s core consumer base is concentrated in North India, covering states such as Bihar, Delhi, Haryana, Jharkhand, Madhya Pradesh, Punjab, Rajasthan, Uttar Pradesh, and West Bengal. The brand also grows in western and eastern regions, including Maharashtra, Gujarat, Assam, and Odisha.  

As part of its marketing strategy, Karisma Kapoor features in campaigns promoting the entire product range, including the newly launched Goyal Black Salt. The company offers a diverse product portfolio of premium industrial and edible salts, such as Triple Refined Free Flow Iodized Salt, Industrial Salt, Double Fortified Salt, and Triple Refined Half Dry Salt.  

Pramesh Goyal, Managing Director of Goyal Salt stated, “With Karisma Kapoor as our brand ambassador, we aim to communicate directly with our customers, building a strong relationship. Her brilliance in acting has wowed audiences and has conquered millions of hearts. We too have built class products for masses and on a loyal customer base with a strong relationship of over a decade. With her strong persona and our commitment to offering the incredible taste and health benefits of Goyal Salt, we want to strengthen the trust of our users.”  

To support its digital initiatives, Goyal Salt has partnered with Oberoi IBC as its digital marketing agency. The company’s ongoing campaign, *Ek Chutki Swad aur Sehat Ki*, focuses on creating a closer connection with consumers by blending taste and health in its messaging.  

Pramesh Goyal further added, “The aspirations of people in smaller cities are growing at a big scale and so is their appetite for taste and health. Sprinkled with sehat and seasoned with swad, the brand's philosophy of ‘Ek Chutki Swad aur Sehat Ki’ connects with New India which yearns for better taste and great health in just one pinch. The brand's digital campaigns are a befitting extension to our mission of bringing unparalleled quality products to a wider audience. Goyal Salt’s overall performance has been strong, buoyed by the rapid growth. The marketing spend as a percentage of the sales would be 2.5 percent from FY26 onwards.”  

In addition to marketing, Goyal Salt is scaling up its production capacity and expanding its product distribution network. The company currently collaborates with over 60 distributors in northern markets and has expanded distribution to Maharashtra, Gujarat, Assam, and Odisha. Goyal Salt products are available in 5,000 retail outlets, with the goal of reaching every household in India within the next five years.  

Goyal Salt’s strategic focus on retail expansion and digital engagement positions the brand for continued growth in India’s FMCG market.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Zepto Achieves $3 Bn in Annualized Gross Order Value, Doubling Revenue in FY24
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Zepto Achieves $3 Bn in Annualized Gross Order Value, Doubling Revenue in FY24
 

Quick commerce platform Zepto has achieved a remarkable milestone, reaching $3 billion in annualized gross order value (GOV). The announcement was made by Co-Founder and CEO Aadit Palicha reflecting the company’s rapid growth and dominance in the quick commerce space.

Zepto, based in Mumbai, recorded an impressive revenue of Rs. 4,454 crore for FY24, more than doubling its revenue from Rs. 2,025 crore in FY23. This extraordinary growth highlights the company’s ability to scale efficiently in a competitive market.

“In April 2024, we shared with Goldman Sachs in a research note that Zepto had crossed $1B in Annualized GOV. 8 months later, in January 2025, we are now at approximately $3B in Annualized GOV (Rs ~24,500 Crores). This milestone is entirely due to the execution, rigor, and discipline of this team (that I am lucky to be a part of). With this team, I am confident we will continue growing with a clear path to PAT profitability in the near term,” shared Palicha.

The platform has demonstrated consistent growth over the years, with its GOV standing at $550 million in January 2023. Within just two years, Zepto has achieved over fivefold growth, showcasing its appeal to customers seeking convenience and fast delivery solutions.

As the company prepares for its initial public offering (IPO), it has also managed to marginally reduce its losses. According to data shared by Tofler, Zepto’s losses narrowed slightly to Rs. 1,248.6 crore in FY24 from Rs. 1,272.4 crore in FY23, indicating strides toward greater financial efficiency.

Zepto’s achievements come amidst intense competition in the quick commerce sector, where customer expectations for speed and reliability remain high. The company’s ability to scale operations, optimize delivery processes, and attract a growing customer base has positioned it as a leader in the industry.

As Zepto continues its upward trajectory, the $3 billion GOV milestone serves as a testament to its innovative approach and strong market positioning. With a focus on profitability and sustained growth, Zepto is well-poised for a successful public listing and an even brighter future in the quick commerce space.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Curefoods Promotes Gokul Kandhi to Chief Operating Officer
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Curefoods Promotes Gokul Kandhi to Chief Operating Officer
 

Curefoods, the food and beverage conglomerate, has announced the promotion of Gokul Kandhi to the role of Chief Operating Officer (COO). Since the inception of Curefoods, Gokul has been a vital part of its growth. As the Business Head, he has been instrumental in shaping the company’s portfolio of renowned food and beverage brands, including EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani, and Frozen Bottle. Under his leadership, Curefoods has expanded its footprint, operating more than 500 cloud kitchens and offline stores across 40 cities and offering a range of over 10 different cuisines.

With a career spanning over 18 years across the retail, FMCG, and startup sectors, Gokul brings valuable expertise in product marketing, go-to-market strategies, media planning, and business management.

“It’s an honor to take on the role of COO at Curefoods and lead the next phase of growth for a company that has been a pioneer in India’s F&B landscape. I look forward to working with our incredible team to expand our reach, strengthen our brands, and deliver exceptional experiences to our customers,” said Kandhi.

“Gokul has been a cornerstone of Curefoods’ success. His strategic vision and leadership have been instrumental in shaping our journey so far. As COO, I am confident that Gokul will continue to drive operational excellence and propel Curefoods to even greater heights,” shared Ankit Nagori, Founder, Curefoods.

Founded in 2020 by Ankit Nagori, Curefoods is home to popular food and beverage brands such as EatFit, CakeZone, Nomad Pizza, Sharief Bhai Biryani, and Frozen Bottle. With over 500 cloud kitchens and offline stores in 40 cities across India, the company offers a wide array of cuisines to cater to the diverse palates of Indian consumers.

 
Next Story
Popular Articles
Retail & Business
KRBL Appoints Subhash Chandra Yadav to Lead Modern Trade Expansion in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
KRBL Appoints Subhash Chandra Yadav to Lead Modern Trade Expansion in India
 

KRBL Ltd the global food industry leader and parent company of the India Gate Basmati Rice brand, has appointed Subhash Chandra Yadav as Deputy General Manager for Modern Trade in its Domestic Sales Division. This strategic move is aimed at strengthening KRBL's position in India’s growing retail sector and supporting sustainable growth in domestic markets.  

In his new role, Yadav will lead the expansion of KRBL’s modern trade channels, aligning the company’s strategies with shifting consumer demands and evolving market trends. Bringing over 15 years of experience, Yadav has previously worked with major brands such as Nestlé, Reckitt Benckiser, and NIVEA India. His most recent role was Deputy General Manager at The Hershey Company, where he gained expertise in market research, consumer behavior analysis, and developing innovative consumer engagement strategies.  

Yadav holds a Bachelor's degree in Business Administration from I.I.S.E Lucknow and a Post Graduate Diploma in Business Management from IMS Ghaziabad.  

Kunal Sharma, Head of Marketing and Business Head, Modern Trade and E-Commerce at KRBL Ltd stated, “We are thrilled to welcome Subhash to the KRBL family. His proven track record in developing strategic initiatives and driving modern trade growth aligns perfectly with our vision to enhance KRBL’s domestic sales footprint across both online and offline channels. Modern trade is quintessential to KRBL’s strategy as it plays a pivotal role in ensuring our products reach a wider consumer base, offering convenience, accessibility, and enhanced brand visibility. With Subhash’s expertise, we are confident that our sales strategies will reach new heights, further strengthening the basmati category and newer categories we are venturing into.”  

This leadership appointment underscores KRBL’s commitment to strengthening its retail presence in India by leveraging experienced talent and innovative strategies to support market growth. Under Yadav’s leadership, the modern trade division is expected to drive the company’s expansion and product reach in domestic markets.

 
Next Story
Popular Articles
Retail & Business
Pokiddo Junior Expands Retail Footprint with New Mumbai Location
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Pokiddo Junior Expands Retail Footprint with New Mumbai Location
 

Pokiddo, a global entertainment brand known for its trampoline parks and family entertainment centres, has expanded its retail presence in India with the launch of Pokiddo Junior at Raghuvanshi Mills, Mumbai. Developed in collaboration with Prasuk Jain Hospitality, this 11,000 sq. ft. facility is designed for children up to nine years old and marks Pokiddo's continued growth in India after successful operations in Pune, Thane, and Delhi.  

Now part of the Snow World Entertainment and Prasuk Jain Hospitality Ventures portfolio, Pokiddo Junior joins brands such as The Game Palacio, Snow World, Amazonia, The Game Superpark, Formula Karting, and The Game Ranch.  

Pokiddo Junior offers a variety of play zones, including a trampoline park, kiddie-karting track, and immersive ball pits. Additional attractions include a motorboat racing area, a fishing pond, and themed zones like the Princess Room, Supermarket Room, and Farmland, all designed to encourage creativity and social interaction. A dedicated party room is also available for hosting birthday celebrations and special events.  

Prasuk Jain said, “Pokiddo Junior isn’t just a place, it’s an experience crafted to unlock the wonder and creativity in every child. We’ve designed this space to be more than entertainment—it’s a journey where kids can learn, explore, and dream in a safe and imaginative environment.”  

The Mumbai location features safety measures such as cushioned materials and low-height setups, along with interactive LED lighting and sensory elements. The on-site Brasserie offers a menu of healthy, child-friendly food options designed to complement the play experience.  

Pokiddo Junior plans to open three more locations in India over the next year, strengthening its position in the country’s family entertainment retail market.

 
Next Story
Popular Articles
Retail & Business
ABFRL to Raise $500 Mn to Strengthen Retail Growth in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
ABFRL to Raise $500 Mn to Strengthen Retail Growth in India
 

Aditya Birla Fashion and Retail Limited (ABFRL) has announced plans to raise $500 million through a mix of preferential issuance and Qualified Institutional Placement (QIP) of equity shares. This move aims to support the company’s retail expansion strategy in India and reduce its debt.  

The company’s board approved a $275 million preferential issuance, with the promoter group contributing $150 million and Fidelity Investments committing $125 million. The promoter group’s investment comes at a 17.5 percent premium over the previous day's closing price, reflecting strong confidence in ABFRL’s future growth.  

Fidelity Investments will participate in the preferential allotment through its funds, including Fidelity Blue Chip Growth Fund, Fidelity Blue Chip Growth Commingled Pool, Fidelity Blue Chip Growth K6 Fund, Fidelity Series Blue Chip Growth Fund, and FIAM Target Date Blue Chip Growth Commingled Pool.  

Additionally, ABFRL’s board approved raising up to $225 million through QIP, bringing the total fundraising to $500 million. This capital infusion will help the company reduce leverage and drive its multi-channel growth strategy in India’s retail market.  

The fundraising comes ahead of ABFRL’s planned vertical demerger into two separately listed entities, which is expected to be completed by the end of this financial year.  

A shareholder meeting to approve the preferential issuance is scheduled for February 13, 2025, with the pricing reference date set for January 14, 2025. Both the preferential issuance and QIP will proceed following customary and regulatory approvals.

 
Next Story
Popular Articles
Retail & Business
GUESS JEANS Expands Retail Presence in India via Partnership with Tata CLiQ
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
GUESS JEANS Expands Retail Presence in India via Partnership with Tata CLiQ
 

GUESS? Inc., the parent company of the GUESS brand, is set to introduce its California-based denim lifestyle label, GUESS JEANS, to the Indian retail market. The launch will occur through a strategic long-term franchise partnership with Tata Group’s multi-category e-commerce platform, Tata CLiQ (Tata UniStore Limited). This move aims to strengthen the brand’s retail footprint in India by combining physical stores with online sales channels, creating a comprehensive omnichannel experience.  

As the official retail partner, Tata CLiQ will oversee the distribution of GUESS JEANS across India. The collaboration will focus on expanding the brand’s presence through both brick-and-mortar outlets and digital storefronts. This strategy supports GUESS JEANS’ goal of building a strong nationwide retail network.  

Nicolai Marciano, Chief New Business Development Officer at Guess Inc., who conceptualized and launched GUESS JEANS said, “As the next step in our global growth initiative for GUESS JEANS, we expect a rapidly expanding and prosperous partnership with Tata CLiQ, which is part of the Tata Group in India. Our brand's legacy, heritage, and innovative outlook on denim, paired with the local knowledge and expertise of Tata Group, ensure a strong and enduring partnership. GUESS JEANS will complement and create significant incremental growth in India for the GUESS? Inc portfolio by targeting a new customer with accessible pricing, a casual aesthetic, and a modern communication strategy. We are confident that the reimagined GUESS JEANS brand, accompanied by our innovative GUESS AIRWASHTM technology, has long-term potential within the Indian market.”  

Gopal Asthana, CEO of Tata CLiQ said, “At Tata CLiQ, our mission is to partner with renowned global brands that align with the aspirations and needs of consumers in the country. We are thrilled to be the preferred partner of GUESS JEANS for their India launch. With our shared vision of bringing trendy merchandise and innovative shopping experiences to consumers, at Tata CLiQ, we are committed to offering an elevated brand experience across different channels. We look forward to building and growing the brand by strategically bolstering its omnichannel presence across the country.”  

GUESS JEANS, known for its denim styles rooted in the Californian lifestyle, offers a variety of products for men and women, ranging from classic straight-leg jeans to modern skinny fits. The brand focuses on timeless wardrobe staples, including outerwear, knitwear, and denim, blending traditional designs with contemporary elements.  

A key feature of GUESS JEANS' product innovation is its GUESS AIRWASHTM technology. Developed in collaboration with Jeanologia in 2024, this sustainable technology significantly reduces water and energy consumption by using air and bubbles instead of water and pumice stones in the stone-washing process. This advancement aligns with the brand's commitment to environmentally conscious production methods.  

The partnership with Tata CLiQ marks a significant step for GUESS? Inc. as it aims to capture a larger share of India’s growing retail market. By combining GUESS JEANS’ global brand strength with Tata CLiQ’s local market expertise, the collaboration is positioned to drive substantial growth and offer Indian consumers greater access to premium denim fashion.

 
Next Story
Popular Articles
Retail & Business
Stovekraft Expands Retail Presence in India with Pigeon Franchise Models
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Stovekraft Expands Retail Presence in India with Pigeon Franchise Models
 

Stovekraft has introduced a franchise opportunity with its flagship brand, Pigeon. This initiative aims to expand its retail presence in India by offering aspiring entrepreneurs two business models: a zero-capital-expenditure (COFO) model and a Franchise Owned and Operated (FOFO) model. These models are designed to maximize profitability while reducing the capital investment required.  

The franchise options allow business owners to achieve a payback period of less than two years. The COFO model requires no or minimal upfront investment for store interiors, furniture, or branding, with inventory supplied on a consignment basis. Stovekraft also assists franchisees with property selection, staff training, and marketing support, including digital campaigns. The model particularly focuses on supporting women entrepreneurs to promote financial independence.  

Rajendra Gandhi, Managing Director of Stovekraft stated, “Pigeon’s franchise model is a testament to our commitment to empowering entrepreneurs and expanding our brand footprint across the country. By offering a zero/low-capex, high-margin opportunity, we aim to make business ownership accessible while driving Pigeon’s reach across the country. Together, we can bring innovative and affordable kitchen solutions to every Indian home.”

The franchise model is designed for quick breakeven and long-term profitability, offering entrepreneurs a structured pathway to enter the retail sector. Mayank Gupta, Chief Growth Officer of Stovekraft, commented, “The Pigeon franchise opportunity is more than just a business model; it’s a partnership. We are offering aspiring entrepreneurs the tools, guidance, and support needed to build a thriving retail business. Our goal is to empower entrepreneurs and business partners to deliver exceptional customer experiences while building a successful and sustainable business. Together, we’re setting a new benchmark in the kitchen solutions industry.”

Since launching its first store in June 2022, Pigeon has rapidly expanded, reaching 100 stores within 14 months. The brand currently operates 227 stores across India. Pigeon plans to continue its retail expansion into new cities through its franchise models, enabling more individuals to become successful business owners.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Crossbeats Launches LumeX Projector, Redefining Home Entertainment
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Crossbeats Launches LumeX Projector, Redefining Home Entertainment
 

Crossbeats, renowned for its smartwatches and wireless audio products, has made its debut in the home entertainment category with the launch of LumeX, a cutting-edge projector designed to transform the way we enjoy movies, gaming, and presentations. With its advanced technology and sleek design, LumeX is set to disrupt the market and bring a new level of immersive visual experiences to users.

The LumeX projector goes beyond the ordinary, offering breathtaking 4K clarity and HDR support for a cinematic viewing experience. Powered by 14,000 lumens of brightness and Tri-Color Laser technology, it delivers vibrant colors, intricate details, and sharp contrasts, ensuring every frame feels like a work of art. Whether you're watching your favorite series or enjoying a high-intensity gaming session, LumeX brings your content to life with precision and color accuracy.

Archit Agarwal, Co-founder, Crossbeats stated, “We are ecstatic to introduce LumeX as our first offering in the projector segment. This launch isn’t just about entering a new category; it’s about transforming the way people perceive projectors. With LumeX, we’ve combined innovation with practicality to create a device that complements every lifestyle while disrupting the market with its capabilities.”

LumeX offers a vast 300-inch projection range, allowing for immersive visuals in virtually any space. Its auto-adaptive light adjustments ensure that the picture is always crystal-clear, whether you're using it during the day or at night. The projector also boasts smart keystone correction and electronic autofocus, making setup quick and easy, and ensuring distortion-free visuals from every angle.

In addition to its stunning visuals, LumeX is powered by Android 13, offering access to popular OTT platforms like Netflix, Prime Video, and Hotstar. It also features a 10W built-in speaker, delivering impressive sound without the need for external audio equipment, making it perfect for movie nights, gaming sessions, or professional presentations.

Built to last, LumeX has an impressive 50,000-hour lamp life and features dual turbo-cooling technology, ensuring long-lasting performance. Its portable design, complete with a built-in stand, allows it to seamlessly adapt to any environment—whether at home, in the office, or outdoors.

Priced at an introductory Rs. 9,999, LumeX is available for purchase on Crossbeats’ website, Flipkart, and Amazon across India. With its innovative features and sleek design, LumeX is set to elevate the way we experience entertainment, making it the perfect addition to any modern lifestyle.

 
Next Story
Popular Articles
Retail & Business
NARS Cosmetics Expands Retail Presence in India via Nykaa Partnership
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
NARS Cosmetics Expands Retail Presence in India via Nykaa Partnership
 

NARS Cosmetics, a global beauty brand founded by makeup artist and photographer François Nars, is expanding its retail presence in India by launching on Nykaa, the country’s leading beauty and lifestyle platform. Starting January 10, 2025, NARS products will be available online and in select Nykaa stores across India. This strategic move aims to make NARS’ product portfolio more accessible to Indian consumers through both online and offline retail channels.  

By partnering with Nykaa, India’s largest omnichannel beauty retailer, NARS intends to strengthen its position in the Indian retail market and meet the rising demand for premium beauty products. The brand will introduce its popular products, including the Light Reflecting™ Foundation, Orgasm Blush, Natural Radiant Longwear Foundation, and Radiant Creamy Concealer, to Indian customers through Nykaa’s extensive retail network.  

Sanjay Sharma, India Country Head of Shiseido Group said, “Partnering with Nykaa marks a significant milestone for NARS in India as we continue to expand our reach and strengthen our presence in this dynamic market. This collaboration aligns with our vision of creating meaningful touchpoints for consumers, ensuring greater accessibility to our products and allowing them to discover, experience, and embrace NARS’ artistry-driven approach to beauty. NARS has always been about empowering individuals to express themselves through artistry, and we believe this partnership will inspire and connect with an even broader audience of beauty enthusiasts across India.”  

Anchit Nayar, Executive Director and CEO of Nykaa Beauty added, "At Nykaa, we are committed to bringing the finest beauty brands that resonate with our consumers’ desires for innovation and excellence. NARS, known for its bold artistry and timeless products, is a brand we’ve long admired. We're thrilled to introduce NARS to our platform, confident that it will inspire consumers to embrace their unique beauty and push the boundaries of self-expression."  

This partnership highlights NARS Cosmetics' strategy to expand its retail footprint in India by leveraging Nykaa’s reach in the beauty sector. The collaboration is set to enhance product accessibility for Indian consumers, aligning with the growing demand for international beauty brands in the country.

 
Next Story
Popular Articles
Retail & Business
Blue Tokai Joins Swiggy’s Snacc App to Expand Quick-Service Coffee Options
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Blue Tokai Joins Swiggy’s Snacc App to Expand Quick-Service Coffee Options
 

Swiggy has collaborated with Blue Tokai Coffee Roasters to strengthen its newly launched Snacc app, aiming to capture a larger share of India’s growing retail food and beverage market. The partnership allows users to order Blue Tokai’s coffee selections with delivery times of 10–15 minutes, enhancing the app’s quick-service offerings.  

Satheesh Raman, Business Head of Snacc stated, “Our vision is to build SNACC as the go-to destination for quick beverages or snacks or healthy options. We are excited to partner with Blue Tokai Coffee Roasters to bring top-quality coffee to coffee lovers. This is just the beginning. We will continue to explore partnerships with brands who are committed to offering the best quality food to our customers and further building the ecosystem.”  

The Snacc app is designed to provide convenience to young working professionals, catering to those working from offices or home who seek high-quality and easily accessible food and beverage options.  

Blue Tokai Coffee Co-Founder and COO Shivam Shahi said, “We recognise that the coffee category demands faster delivery, along with convenience and quality. Swiggy has always prioritised providing a great customer experience, and we believe that the SNACC app will help them cater to a diverse range of new-age customers.”  

This partnership aligns with Swiggy's strategy to expand its retail offerings in India by delivering premium products quickly and efficiently.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Avenue Supermarts Appoints Anshul Asawa as CEO Designate
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Avenue Supermarts Appoints Anshul Asawa as CEO Designate
 

DMart’s parent company, Avenue Supermarts, has announced the appointment of Anshul Asawa as its CEO designate, effective March 15, 2025. This strategic leadership change was revealed in an exchange filing by the company.

Asawa is set to succeed Ignatius Navil Noronha, who has been serving as the Managing Director of Avenue Supermarts and will complete his five-year term on January 31, 2026. Following shareholder approval, Asawa will officially take over as the Managing Director and CEO on February 1, 2026.

With nearly three decades of experience at Unilever, Asawa has an impressive track record of leadership and innovation. He has held key positions in India, the Netherlands, and the United Kingdom, showcasing his ability to adapt and excel in diverse markets. His most recent designation was as the Country Head for Thailand and General Manager for Greater Asia in Unilever's home care division.

During his tenure of over 15 years in India, Asawa played a pivotal role in shaping Unilever’s operations.

The exchange filing said about Asawa, “During his tenure of over 15 years in India, Anshul held key leadership positions in sales, marketing and distribution. He led the digitization efforts at HUL and was also at the forefront of leading product innovations for homecare categories and sales and distribution transformations in urban and rural markets within India. He is known for his consumer-centricity, commercial discipline, and execution focus.” 

Avenue Supermarts’ decision to bring Asawa on board reflects its commitment to strengthening its leadership and driving sustainable growth. Asawa’s expertise in consumer-centric strategies, digital transformation, and operational excellence is expected to further bolster DMart’s market presence as it continues to expand its footprint across India.

This transition marks a significant step in Avenue Supermarts’ growth journey, positioning the company for long-term success under Asawa’s leadership.

 
Next Story
Popular Articles
Retail & Business
Retail India News: D-Mart Reports Strong Q3 Growth with Rs 723.54 Cr Net Profit
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: D-Mart Reports Strong Q3 Growth with Rs 723.54 Cr Net Profit
 

Avenue Supermarts Ltd, the parent company of retail giant D-Mart, announced a 4.8 percent increase in its consolidated net profit, reaching Rs. 723.54 crore for the third quarter ending December 2024. This is an improvement from Rs. 690.41 crore reported in the same quarter last year, as per the company’s regulatory filing.

Revenue from operations grew by 17.68 percent to Rs. 15,972.55 crore during the quarter under review, compared to Rs. 13,572.47 crore in the corresponding period of the previous fiscal year. The company noted, “PAT margin stood at 4.5 percent in Q3 FY25 as compared to 5.1 percent in Q3 FY24,” in its earnings statement.

Total expenses rose by 18.52 percent to Rs. 15,001.64 crore, while total income, including other income, increased by 17.57 percent to Rs. 15,996.69 crore for the December quarter.

Neville Noronha, CEO and Managing Director, Avenue Supermarts said, “The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 percent. We continue to see the increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns.”

Discussing the company's online initiative DMart Ready, Noronha shared that it achieved a 21.5 percent growth during the first nine months of FY2025. 

Noronha further added, “In the rapidly evolving dynamics of the grocery e-commerce market, we are seeing significantly more demand for home delivery compared to the pick-up point, and hence, we continue to align our business to that extent.”

Noronha also highlighted that D-Mart’s home delivery operations now surpass its pick-up point sales and emphasized the company’s commitment to offering both options in select towns. “In several towns, we now only operate Home Delivery as a delivery channel,” he remarked.

As of December 31, 2024, Avenue Supermarts operated 387 stores across the country, with a retail business area covering 16.1 million square feet. Promoted by Radhakishan Damani and his family, D-Mart offers essential home and personal products across key markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh, and Daman.

 
Next Story
Popular Articles
Retail & Business
M&S Food Sales Surge 8.9 Pc, Shares Drop Amid Cost Concerns
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
M&S Food Sales Surge 8.9 Pc, Shares Drop Amid Cost Concerns
 

Marks & Spencer (M&S) delivered a robust performance during the critical Christmas trading period, with food sales rising 8.9%, making it the best-performing store-based grocery retailer during the festive season. However, despite these better-than-expected results, M&S shares dropped 5 percent on Thursday.

Stuart Machin, Chief Executive, acknowledged the challenges ahead, including higher taxes and wage costs from April, but expressed confidence in the company's ability to manage these headwinds. "There is much within the group's control to offset the challenges that all retailers face this year," said Machin.

M&S also achieved strong results across other categories, with clothing, home, and beauty sales growing by 1.9 percent, outperforming a broader market decline. Demand for velvet party wear, denim, and knitwear boosted its clothing segment, helping the company gain 0.5 percentage points of market share, now standing at approximately 11 percent.

"Sales records were broken across the business, with Food recording its biggest day and Clothing, Home & Beauty online its biggest week," Machin said. "But we're not complacent—as a growth business, it's our job to break records."

The company's strong performance followed momentum built throughout 2024. However, analysts remain cautious about the future. Matt Britzman, Senior equity analyst, Hargreaves Lansdown, noted, "The year ahead won't be all smooth sailing for the retail giants as the sector gears up to battle imminent tax hikes."

Tesco, Britain's largest food retailer, reported a 4.1 percent rise in underlying Christmas sales, further highlighting the robust demand in the food retail sector.

For the 13 weeks ending December 28, analysts had predicted a 7.8 percent rise in M&S food sales and a 0.7 percent increase in clothing and home sales, both of which were surpassed. Despite its success, M&S has projected a £120 million ($148 million) impact from higher taxes and wage costs in the coming financial year.

The 141-year-old retailer remains focused on navigating these challenges while maintaining its strong position in the UK retail market.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Page Industries Welcomes Karthik Yathindra as CEO as It Eyes Future Expansion
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Page Industries Welcomes Karthik Yathindra as CEO as It Eyes Future Expansion
 

Page Industries has officially announced the appointment of Karthik Yathindra as its new Chief Executive Officer (CEO), effective April 1, 2025. The decision marks a pivotal leadership change as the company continues its focus on growth and innovation.

Karthik Yathindra brings a wealth of expertise to his new role, with over 15 years of experience in the fashion and lifestyle industry. His career began at Titan Company, where he excelled across multiple roles in Sales, Distribution, Retail Operations, Product Management, and Marketing. During his tenure, he played a key role in shaping iconic brands like Titan, Fastrack, Sonata, and Zoop.

Page Industries serves as the exclusive licensee of JOCKEY International Inc. (USA) for the manufacturing, distribution, and marketing of the JOCKEY brand in India and several neighboring regions, including Sri Lanka, Bangladesh, Nepal, Oman, Qatar, the Maldives, Bhutan, and the UAE. Additionally, the company holds the exclusive license for Speedo International, managing the brand’s manufacturing and marketing operations in India.

The company also reported strong financial results in Q2 FY25, with standalone net profit rising by 29.93 percent to Rs. 195.25 crore. Revenue from operations grew by 11.06 percent, reaching Rs. 1,246.27 crore compared to the same quarter in FY24.

Despite the robust financial performance, shares of Page Industries saw a slight decline of 0.48 percent, closing at Rs. 47,672.90 on the Bombay Stock Exchange (BSE).

The appointment of Karthik Yathindra is seen as a strategic move to strengthen Page Industries' leadership as it continues to expand its footprint in the highly competitive fashion and lifestyle market. With his extensive industry experience and proven track record, Yathindra is poised to lead the company into its next phase of growth and innovation.

 
Next Story
Popular Articles
Retail & Business
Sainsbury’s Poised for 7pc Profit Growth After Strong Christmas Sales Surge
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Sainsbury’s Poised for 7pc Profit Growth After Strong Christmas Sales Surge
 

Sainsbury’s, Britain’s second-largest supermarket chain, is on track to achieve a 7 percent profit growth for the year, driven by strong grocery sales during the Christmas quarter. The retailer reported a 2.8 percent rise in underlying sales for the third quarter ending January 4, despite weaker performance in general merchandise and clothing sales.

Grocery sales rose by 4.1 percent, with significant demand for festive items like party food, Champagne, and sparkling wine. However, general merchandise sales fell by 0.1 percent in Sainsbury’s stores and dropped 1.4 percent in its Argos business. The trend of Britons opting to dine at home boosted the popularity of Sainsbury’s premium "Taste the Difference" range, which saw a 16 percent sales increase during the holiday season.

“We have won grocery market share for the fifth consecutive Christmas, with more customers choosing Sainsbury's for their big shop,” said CEO Simon Roberts.

The group’s strategy of matching discount retailer Aldi’s prices on hundreds of items and offering better deals to members of its Nectar loyalty program has helped it grow its customer base. These measures, supported by cost-cutting efforts, have contributed to Sainsbury’s increasing its UK grocery market share to 16.0 percent at the end of 2024, up by 20 basis points from the previous year.

Sainsbury’s expects its full-year underlying operating profit to align with market consensus, ranging between £1.01 billion and £1.06 billion ($1.24 billion to $1.30 billion). However, the company faces challenges from rising costs, inflation, and new tax bills.

Despite positive performance, Sainsbury’s shares fell by 2 percent in early trading, mirroring a broader decline among retailers due to concerns over the economic outlook and consumer spending for 2025.

 
Next Story
Popular Articles
Retail & Business
Star Localmart Expands Product Line with Premium Milk Offerings
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Star Localmart Expands Product Line with Premium Milk Offerings
 

Star Localmart, the retail arm of Sanjay Ghodawat Group, has introduced premium milk products to its portfolio. The new fresh milk subscription service includes Thote Milk in Maharashtra and Aditya Milk and Dodla Milk in Karnataka, offering customers high-quality milk at prices lower than the maximum retail price (MRP).

With the subscription model, customers can enjoy significant savings. Thote Milk Full Cream, priced at Rs 72 per liter, is available at Rs 62 per liter with a monthly subscription costing Rs 1,800 for 30 liters. Similarly, Aditya Milk, usually Rs 58 per liter, is now Rs 47 per liter with a subscription priced at Rs 1,410 per month. Dodla Milk, typically Rs 50 per liter, is offered at Rs 43 per liter, with a monthly subscription priced at Rs 1,290.

“With the rising demand for high-quality milk and milk products, we are committed to meeting our customers’ needs by offering superior products at affordable prices. Our goal is to enhance everyday shopping experiences by making essential goods easily accessible and fostering trust with every purchase,” said Srinivas Kolluru, Business Head, Star Localmart.

Launched in 2020, Star Localmart operates neighborhood convenience grocery outlets aimed at bringing a modern retail experience to smaller towns in India. The stores feature a compact format of 1,000–1,200 sq. ft. and offer over 3,000 SKUs.

Currently, the chain runs more than 90 stores across Maharashtra and Karnataka. The company has ambitious plans to become India’s largest rural retail chain, with a target of opening 3,000 stores in the next five years.

 
Next Story
Popular Articles
Retail & Business
Adani Group Raises Rs 4,850 Cr in Stake Sale as Part of Adani Wilmar Exit Strategy
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Adani Group Raises Rs 4,850 Cr in Stake Sale as Part of Adani Wilmar Exit Strategy
 

The Adani Group announced on Friday that it raised Rs 4,850 crore through the sale of a 13.5 percent stake in Adani Wilmar, a joint venture with Singapore-based Wilmar International. The move is part of the conglomerate's broader strategy to exit non-core businesses and focus on its core infrastructure operations.

The stake was sold through an Offer for Sale (OFS) to non-retail investors on January 10 and retail investors on January 13 at a floor price of Rs 275 per share. The OFS also included an option to sell an additional 6.5 percent equity. According to stock exchange filings, Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd (AEL), completed the sale, which attracted significant demand from over 100 marquee international and domestic investors.

"We wish to intimate the stock exchanges of our intention to exercise the oversubscription option in the offer to the extent of 1.96 crore equity shares (1.51 percent of the total equity), in addition to 17.54 crore equity shares (13.5 percent) forming part of the base offer size," the Adani Group stated. The total shares offered under the OFS increased to 19.5 crore (15.01 percent).

Despite challenging market conditions, with the Sensex down 0.3 percent and the NIFTY MIDCAP 100 dropping 2.1 percent, the transaction was successfully concluded, demonstrating the Adani Group’s ability to raise capital independent of market scenarios.

This is the first phase of the Adani Group’s exit from Adani Wilmar Ltd (AWL), which produces the Fortune brand of cooking oils, wheat flour, rice, and other food products. Adani Wilmar is an equal joint venture between the Adani Group and Wilmar International, with the two partners holding a combined 87.87 percent stake, well above the regulatory cap of 75 percent for public companies.

As part of the second phase, Singapore’s Wilmar International Ltd will acquire the remaining 31.06 percent stake at a price not exceeding Rs 305 per share. The exact number of shares to be sold will depend on the response to the OFS. This transaction is expected to conclude by March 31, 2025.

The funds raised will help Adani Enterprises Ltd strengthen its infrastructure portfolio, including airports, roads, data centers, and green hydrogen projects. Earlier, AEL raised $500 million in October 2024 through a qualified institutional placement and now has a $2.5 billion corpus to drive growth in its core businesses.

The stake sale also ensures Adani Wilmar’s compliance with the Securities and Exchange Board of India’s (SEBI) minimum public shareholding (MPS) norms. With this, promoters now hold 74.37 percent, and public shareholders own 25.63 percent.

Established in 1999, Adani Wilmar operates 23 plants across 10 states and reported consolidated revenue of Rs 51,555.24 crore in the last fiscal year. Its market capitalization is approximately Rs 42,000 crore. The company went public in February 2022, raising Rs 3,600 crore through its IPO. This transaction marks a significant step for the Adani Group as it continues to align its operations with its long-term goals.

 
Next Story
Popular Articles
Retail & Business
Retail India News: PNG Jewellers Unveils Grand Heritage Store in Solapur, Inaugurated by Madhuri Dixit
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: PNG Jewellers Unveils Grand Heritage Store in Solapur, Inaugurated by Madhuri Dixit
 

PNG Jewellers, a 192-year-old iconic brand synonymous with trust, purity, and Maharashtrian tradition, has launched its first store in Solapur, Maharashtra, on January 10, 2025. The store was inaugurated by Bollywood superstar and brand ambassador Madhuri Dixit, alongside Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, and Mr. Parag Gadgil.

Located at 146, Railway Lines, Old Employment Chowk (opposite Hotel Dhruv), the spacious 5,800 sq. ft. store offers an extensive collection, ranging from rings, earrings, and bracelets to bridal jewellery crafted in gold, silver, natural diamonds, and platinum. The new outlet reflects PNG Jewellers’ commitment to bringing exquisite jewellery to a wider audience.

Speaking at the event, Dr. Saurabh Gadgil expressed his pride in this expansion: “The opening of our new store in Solapur is a moment filled with great joy and pride for PNG Jewellers. This expansion represents our effort to enhance accessibility for our valued customers, addressing the growing demand for our jewellery in this region. Our unwavering dedication to delivering the finest jewellery and unparalleled services remains at the core of our mission.”

Madhuri Dixit shared her excitement, stating, “I am truly delighted to be here in Solapur for the launch of PNG Jewellers' new store. PNG has always stood for trust, tradition, and timeless craftsmanship. I’m sure this store will bring joy and sparkle to countless lives, just as jewellery does to special moments.”

Solapur, known for its rich cultural heritage, has a strong affinity for jewellery, especially during weddings and festivities. With this new store, PNG Jewellers aims to blend traditional craftsmanship with modern designs, catering to customers of all generations.

 
Next Story
Popular Articles
Retail & Business
HUL Incorporates Kwality Wall's Subsidiary for Ice Cream Business Demerger
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
HUL Incorporates Kwality Wall's Subsidiary for Ice Cream Business Demerger
 

FMCG major Hindustan Unilever Limited (HUL) announced on Friday the incorporation of a new subsidiary, Kwality Wall's (India) Ltd (KWIL), as part of its plan to demerge its ice cream business. According to a regulatory filing, the new subsidiary will handle the proposed demerger, which is currently being evaluated by HUL's board. HUL will retain full ownership of KWIL by holding 100 percent of its issued and subscribed share capital.

Earlier, on November 25, 2024, HUL approved the demerger of its ice cream business, which includes well-known brands such as Kwality Wall's, Cornetto, and Magnum, into an independent listed entity. Existing HUL shareholders will receive shares in the new entity proportionate to their shareholding in HUL.

The decision to demerge followed recommendations from an independent committee formed in September 2024. The committee highlighted that the ice cream business operates on a distinct model requiring cold chain infrastructure and unique channel dynamics, which limits synergies with the rest of HUL's operations.

HUL's parent company, Unilever PLC, had earlier expressed its intention to separate its global ice cream business across jurisdictions. For the financial year ending March 2024, HUL reported revenue of Rs 59,579 crore from product sales.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Senco Gold & Diamonds Eyes Over Rs 6,000 Cr Sales in FY’25 with 19-20pc Growth Target
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Senco Gold & Diamonds Eyes Over Rs 6,000 Cr Sales in FY’25 with 19-20pc Growth Target
 

Senco Gold & Diamonds is poised to achieve a sales milestone of over Rs 6,000 crore in the fiscal year 2024-25, projecting a 19-20 percent growth rate. The company's optimism stems from a robust performance in the first nine months of the year, supported by record-breaking sales figures in October and the third quarter.

The Kolkata-based jewellery retailer recorded a revenue of Rs 5,230 crore in FY’24. It reported a remarkable year-on-year (YoY) revenue growth of 22 percent in the third quarter of FY25. October 2024 saw Senco achieving its highest-ever single-month sales of over Rs 1,000 crore, while the third quarter's sales crossed Rs 2,000 crore.

Same-store sales growth (SSSG) for the company remained steady in the range of 13-14 percent, with the stud ratio maintained at 10.5 percent, according to a business update shared by the company. The old gold exchange contributed 38 percent of the total sales, with 62 percent coming from non-company sources.

Senco Gold & Diamonds has been expanding its retail footprint aggressively. The company's showroom portfolio now stands at 170 outlets, including 69 franchisee showrooms. In the last nine months, Senco launched 12 new showrooms, with seven being company-owned stores. Looking ahead, the firm plans to open an additional 18-20 new showrooms in the fourth quarter of FY25, of which 10-12 will be franchisee outlets.

In Q3 FY25, the company raised Rs 459 crore through a qualified institutional placement (QIP) at a price of Rs 1,125 per share, further strengthening its financial position for future expansion.

“After months of gains and record highs, gold’s upward trajectory has slowed since early November, and prices have dropped by almost 6 percent from its peak in December,” the company officials stated.

Despite fluctuations in gold prices, Senco remains confident in its growth trajectory, driven by its expanding showroom network and consistent sales performance.

 
Next Story
Popular Articles
Retail & Business
HUL in Talks to Acquire Skincare Brand Minimalist for Rs 3,000 Cr
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
HUL in Talks to Acquire Skincare Brand Minimalist for Rs 3,000 Cr
 

Hindustan Unilever Limited (HUL) is reportedly in advanced discussions to acquire Jaipur-based skincare brand Minimalist, backed by Peak XV Partners, in a deal valued at Rs 3,000 crore ($350 million). If finalized, this acquisition would mark one of the largest transactions in India’s direct-to-consumer (D2C) retail sector.  

According to a report, Minimalist’s valuation would rise significantly from Rs 630 crore to Rs 3,000 crore within three years. The brand reported Rs 350 crore in revenue for the financial year ending March 31, 2024, reflecting an 89 percent growth from Rs 184 crore in the previous year. Minimalist has consistently recorded profits over the past four years.  

The brand's strong financial performance has positioned it with a revenue multiple of nearly 10X, surpassing the typical 4-6X range seen in similar D2C retail deals in India. Minimalist and its founders, Mohit Yadav and Rahul Yadav, have not issued any official statements regarding the potential deal.  

HUL has reportedly been considering acquiring Minimalist for the past three years, following a Rs 110 crore investment from Unilever Ventures, HUL’s private equity and venture capital arm. This move aligns with global FMCG companies' broader strategy to expand their presence in India by acquiring emerging retail brands.  

Other FMCG companies such as Marico, ITC, and Dabur have also pursued similar strategies, acquiring brands like Beardo, Plix, and Yogabar to strengthen their position in the evolving retail market and attract younger consumers.

 
Next Story
Popular Articles
Retail & Business
Allies of Skin: Breaking New Grounds in Skincare
BY - Sandeep Sharma
Editor / 1 MIN READ
  • IR
  • IR
  • IR
Allies of Skin: Breaking New Grounds in Skincare
 

Allies of Skin, the Singapore-based luxury skincare brand celebrated for its scientifically advanced formulations, has recently been making headlines with a series of noteworthy developments. From strategic leadership changes to securing significant funding for expansion, the brand is poised for greater global influence in the competitive beauty industry.

New Leadership for Global Expansion

In October 2024, Allies of Skin announced the appointment of Karen Raghavan as its new global president. With over 20 years of experience in the beauty, wellness, and biotech sectors, Raghavan is a seasoned leader known for her transformative strategies. Previously at the helm of brands like Benefit Cosmetics and Biossance, her addition to the Allies of Skin team signals a clear intent to accelerate the brand’s global footprint.

“Karen’s vast expertise and proven track record will help us navigate the complexities of international markets,” said Nicolas Travis, the brand’s founder. “Her leadership will be instrumental in scaling our operations and reaching more consumers worldwide.”

Securing Financial Momentum

Earlier in 2024, Allies of Skin raised $20 million in a funding round led by Meaningful Partners. This investment is set to drive the brand’s ambitious expansion into the U.S. market, with a focus on enhancing its digital and retail presence. Founder Nicolas Travis highlighted that the brand achieved EBITA profitability in 2023, further solidifying its position as a financially sustainable venture.

The funding marks a pivotal moment for Allies of Skin as it seeks to bolster its presence in one of the world’s most lucrative skincare markets. Plans are underway to introduce the brand’s award-winning products to a wider audience through strategic partnerships and innovative marketing campaigns.

Accolades and Product Excellence

Allies of Skin’s commitment to innovation continues to resonate with consumers and critics alike. In January 2025, the brand’s Daily Firming Anti-Aging Trio Skincare Kit was featured among PEOPLE’s top luxury beauty picks. The kit, which includes a cleanser, serum, and moisturizer, has been lauded for its exceptional performance in addressing signs of aging and improving skin texture.

The recognition further cements the brand’s reputation for delivering high-quality, effective skincare solutions. With a focus on science-backed ingredients and results-driven formulations, Allies of Skin has consistently raised the bar in the luxury skincare segment.

Looking Ahead

As Allies of Skin enters 2025, it stands at the forefront of an evolving beauty landscape. The combination of strong leadership, financial backing, and product innovation positions the brand for continued success. With its sights set on global expansion, particularly in the U.S., Allies of Skin is well-equipped to redefine modern skincare and connect with an even broader audience.

For a brand that began as a small venture in Singapore, Allies of Skin’s journey is a testament to the power of innovation and perseverance in carving a niche in the highly competitive world of beauty and skincare.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Zodiac Expands Retail Footprint with New Store at Vegas Mall, Delhi
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Zodiac Expands Retail Footprint with New Store at Vegas Mall, Delhi
 

Men’s fine clothing and accessories brand Zodiac has officially launched its latest store at the prestigious Vegas Mall in Delhi, further strengthening its retail presence in the country. This new outlet brings Zodiac’s premium offerings to a broader audience, featuring a curated selection of the brand’s signature products, including formal shirts, trousers, clubwear, ties, and pocket squares. The store reflects Zodiac’s commitment to delivering a sophisticated and exclusive shopping experience for its patrons.

“We are excited to add Zodiac to our brand offerings. Its extensive range of premium menswear perfectly complements our vision of offering a world-class shopping experience. This partnership reaffirms our commitment to bringing the best in fashion and lifestyle to our patrons,” said Ravinder Choudhary, Vice President, Vegas Mall.

The Zodiac brand boasts a rich history that dates back to the late 1950s when it was founded by M.Y. Noorani as a trading company. One of the defining moments in its journey came early on when a buyer canceled a fabric order, leaving Noorani with a consignment of unsold fabric. Demonstrating resilience and ingenuity, Noorani paid the import duty, took delivery of the fabric, and repurposed it into neckties. This decisive move marked the beginning of Zodiac’s transformation into a celebrated brand.

Building on the success of its neckties, Zodiac soon diversified into men’s accessories such as cufflinks, belts, wallets, and handkerchiefs, solidifying its position as a go-to brand for men’s fashion. By the late 1960s, the company entered the shirt market, gaining acclaim for its high-quality and stylish designs. Later, premium trousers were added to its repertoire, further broadening its appeal and cementing its reputation as a leader in fine menswear.

Today, Zodiac’s retail strategy reflects its dedication to quality and customer satisfaction. In addition to selling its products through nearly 800 independent retailers, the brand operates almost 100 stores under a company-owned company-operated (COCO) model. This approach ensures that customers receive a consistent and superior shopping experience at every Zodiac outlet.

The launch of the new store at Vegas Mall is a significant step in Zodiac’s growth story. The store’s strategic location in one of Delhi’s premier shopping destinations highlights the brand’s focus on reaching a discerning clientele. With its blend of tradition and modernity, Zodiac continues to set benchmarks in the men’s fashion industry, offering an unparalleled range of products for every occasion. Whether it’s a formal business meeting or a casual outing, Zodiac’s offerings cater to the diverse needs of the modern man.

 
Next Story
Popular Articles
Retail & Business
TIRTIR Makes Offline Retail Debut in India Through Reliance Retail’s Tira
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
TIRTIR Makes Offline Retail Debut in India Through Reliance Retail’s Tira
 

Korean skincare and makeup brand TIRTIR, known for its innovative beauty products, is making its entry into the Indian retail market in collaboration with Reliance Retail's Tira. This offline retail debut brings TIRTIR’s popular offerings to Indian beauty enthusiasts, further expanding the brand’s global reach.

TIRTIR has earned significant global attention, particularly for its Mask Fit Red Cushion Foundation, which features 30 shades designed to cater to a wide range of skin tones. This product has gained recognition for its inclusivity, especially in markets where diverse beauty products are limited.

Other popular products from TIRTIR include:

  • Milk Skin Toner: A hydrating and refreshing skincare essential.
  • TIRTIR Ceramic Milk Ampoule: A premium skincare product known for its nourishing formula that strengthens the skin barrier and boosts radiance.
  • Mask Fit Makeup Fixer: A setting spray designed to keep makeup fresh, radiant, and long-lasting.

TIRTIR products are now available in select Tira stores and through the Tira app. Customers can find TIRTIR’s offerings at the following locations:

  1. Jio World Drive, Mumbai
  2. DLF Avenue, Vasant Kunj, Delhi
  3. Mall of Asia, Bengaluru
  4. Infiniti Mall, Andheri, Mumbai
  5. Infiniti Mall, Malad, Mumbai

With its innovative formulations, premium quality, and focus on inclusivity, TIRTIR is poised to attract a growing base of consumers in India’s beauty retail market.

 
Next Story
Popular Articles
Retail & Business
Nike Replaces CEO Amid Struggles to Maintain Leadership in Retail Market
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Nike Replaces CEO Amid Struggles to Maintain Leadership in Retail Market
 

Nike has replaced its CEO John Donahoe with Elliott Hill, a long-time executive who retired in 2020. The move comes as the company faces significant challenges in the retail and sportswear markets in India and globally, with a decline in performance over the past two years. Hill, a seasoned company veteran, is expected to reconnect with staff and retail partners, but revitalizing Nike’s $50 billion brand will be a long and difficult process.

Nike's struggles stem from Donahoe’s strategy following his appointment in 2020, where he aimed to reposition the company as a tech powerhouse and luxury brand. While this approach initially boosted the company’s stock price, prioritizing its own websites and stores while reducing product supply to retailers led to gaps that competitors, including Adidas and emerging sportswear brands like On Holding and Hoka, quickly filled.

Nike's footwear portfolio also faced challenges, as the company's popular sneaker models, such as the Airforce 1 and Air Jordan 1, lost their appeal. As consumer preferences shifted towards retro styles like Adidas' Samba, Nike was slow to pivot to this trend. Meanwhile, Adidas’ CEO Bjorn Gulden was quick to ramp up production of in-demand styles, gaining market share while Nike's innovation stalled.

Hill's first task will be to rejuvenate Nike’s sneaker offerings and rebuild its position in the running category, where it has lost ground to competitors like On and Hoka. The company must also enhance its fashion appeal to compete with Adidas, focusing on speed in product development, as seen with companies like Zara, and ensuring a consistent pipeline of new footwear to avoid overreliance on popular models.

Additionally, Hill will need to rebuild Nike's relationships with retail partners, ensuring its products are available in stores. To assist with this, Nike re-hired veteran executive Tom Peddie in July 2024 to help restore these relationships. As Nike seeks to re-establish its market position, Hill’s leadership will be key to regaining consumer trust and increasing sales, especially in the highly competitive retail environment.

Hill’s leadership will require time and strategic changes, including marketing efforts to restore Nike's allure and appeal to a wider audience. Despite its current struggles, Nike remains a leader in the sportswear industry, but the market has become more fragmented, and the competition is fierce.

In his memo to staff, Hill acknowledged the challenges, noting, “Things haven’t been easy.” The company's path to recovery will be gradual, with Hill needing to adjust expectations while addressing the issues that have led to Nike's decline. With rivals like Adidas showing no signs of slowing down, the pressure on Nike to regain its dominance is significant.

 
Next Story
Popular Articles
Retail & Business
iD Fresh Food Expands Specialty Batter Range for Health-Conscious Consumers
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
iD Fresh Food Expands Specialty Batter Range for Health-Conscious Consumers
 

iD Fresh Food has introduced four new specialty batters: Protein-Rich Idli Dosa Batter, Ragi Millet Idli Dosa Batter, Multigrain Idli Dosa Batter, and Mallige Idli Batter. These products aim to cater to evolving consumer preferences for healthier and more diverse food options while maintaining the brand’s focus on fresh and preservative-free offerings.  

The new range is exclusively available on quick-commerce platforms in Bangalore, Mumbai, Pune, Delhi, and Hyderabad. With this addition, iD Fresh Food is broadening its flagship idli-dosa batter portfolio, reinforcing its leadership in the category.  

Rajat Diwaker, CEO (India), iD Fresh Food stated, “At iD Fresh Food, we're dedicated to meeting the growing demand for healthy and nutritious options. Over the last two decades, our batter segment has been one of the fastest-growing categories, earning immense love and trust from consumers. Today, we're thrilled to take this journey to the next level with the launch of our new range of specialty batters. This addition reflects our commitment to innovation and strengthens our bond with our customers by offering more variety and catering to diverse preferences. Starting with an exclusive rollout in metro cities, we aim to make these new offerings available across the country in the coming months.”  

Enakshi Dasgupta, Head of New Product Development at iD Fresh Food, said, “Our new line of specialty batters is designed to meet the evolving tastes of our discerning customers. For example, our protein batter delivers 15g of protein in just two idlis, providing a nutritious start to your day with a protein-packed breakfast option. Staying true to iD’s ethos, we ensure every product is free from preservatives, additives, or chemicals. These batters are perfect for today’s busy, health-conscious lifestyles, offering a balance of taste, convenience, and nourishment.”  

Initially launched in Bangalore, the products will soon be available in Mumbai, Pune, Delhi, and Hyderabad, with plans for broader distribution in the coming months. iD Fresh Food continues to address India’s retail demand for fresh, high-quality, and convenient food solutions, building on its reputation for innovation and consumer-centric offerings.  

 
Next Story
Popular Articles
Retail & Business
Continental Enhances Tyre Safety and Performance for Indian Roads
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Continental Enhances Tyre Safety and Performance for Indian Roads
 

Continental Tires, a global tyre manufacturer, has launched its PremiumContact 6 (PC6) tyres and ContiSeal technology at an exclusive event at the Wabco Proving Ground in Chennai. The company also showcased its Gen3 Truck Radial tyres, highlighting solutions for both passenger and commercial vehicle applications, reinforcing its presence in India’s retail tyre market.

The PremiumContact 6 tyres are designed for the demanding road conditions in India, emphasizing safety, performance, and comfort. ContiSeal addresses safety concerns by eliminating the immediate need for roadside assistance in case of punctures. This self-sealing technology automatically seals 85 percent of tread punctures caused by objects up to 5 mm in diameter, such as nails or screws, allowing uninterrupted driving.

The technology’s viscous sealing layer inside the tyre maintains air pressure even if the puncturing object is dislodged. This reduces reliance on spare tyres, enhancing safety and convenience for drivers navigating India’s unpredictable road conditions.

Continental continues to cater to the medium and heavy commercial vehicle (MHCV) segment in India with products for highway, regional, and on/off-road applications. 

Samir Gupta, Head of Central Region – BA Tires APAC and MD of Continental Tires India said, “The launch of the PremiumContact 6 and ContiSealTM is another step in our commitment to bringing advanced, tailored solutions for Indian roads as part of our ‘In the Market, For the Market’ strategy. The products exemplify our dedication to safety, comfort, and performance, addressing the diverse challenges faced by Indian consumers. With the new launches, we aim to instill confidence and ensure a superior driving experience for our customers and generate value for stakeholders.”

Founded in 1871, Continental Tires is one of the world’s largest tyre manufacturers, employing over 200,000 people across 56 countries. In 2023, the company reported global sales of €41.4 billion, with its tyre division contributing €14 billion. Continental continues to innovate in connected and sustainable mobility, offering solutions for various vehicle segments and retail markets globally.

By expanding its portfolio and integrating advanced technologies, Continental is strengthening its position in India’s retail tyre industry, catering to both passenger and commercial vehicle segments.

 
Next Story
Popular Articles
Retail & Business
Funskool India Appoints K A Shabir as CEO
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Funskool India Appoints K A Shabir as CEO
 

Funskool India Limited, a leading toy manufacturer under the MRF Group, has announced the appointment of K A Shabir as its CEO, effective January 1, 2025. With over 33 years at Funskool, Shabir has extensive experience across key domains, including international business, manufacturing, factory operations, and new product development, contributing to the company’s growth in India’s retail and toy industry.  

K A Shabir said, “Funskool pioneered the concept of quality and safety in toys and has been instrumental in raising the standards of toys in India. To lead this 39-year-old organisation which has many firsts to its credit at a time when it is expanding rapidly, is an honour. As a team, we will bring out interesting and innovative creations to make playtime a delight for children.”  

Shabir has been a prominent figure in the global toy industry, representing Funskool in international forums for over a decade. His expertise in identifying market opportunities and formulating tailored strategies has played a pivotal role in expanding Funskool’s global reach and boosting its export revenues.  

Previously serving as Vice President - International Division and Manufacturing, Shabir’s appointment as CEO signals a new phase of growth for Funskool. Under his leadership, the company aims to enhance product innovation, explore new markets, attract global customers, adopt advanced manufacturing technologies, and reinforce its sustainability initiatives, setting new benchmarks in India’s retail and toy sectors.

 
Next Story
Popular Articles
Retail & Business
Meal of the Moment Targets Rs 150 Cr Topline for 2025
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Meal of the Moment Targets Rs 150 Cr Topline for 2025
 

Meal of the Moment (MOM), a homegrown nutritious snacking brand, has announced its goal to achieve a topline of Rs 150 crore by 2025. Since its inception in 2017, MOM has carved a niche in India's retail market with its 100 percent natural ingredient-based snacks. The brand has also established a significant presence in the healthy snacks category across retail and online platforms.  

MOM has been recording a steady growth rate of 7-8 percent month-over-month (25 percent quarter-over-quarter). Currently, its products are available at over 45,000 retail outlets in India and on leading quick commerce platforms. To sustain its growth, the company is focusing on expanding its presence in general trade and modern retail chains like Reliance, Metro, and DMart. Additionally, MOM is working on diversifying its offerings with new products, flavors, and pack sizes within its core categories.  

The brand's international expansion has also gained momentum. MOM is available on several low-cost airlines in India and international carriers, including WestJet, SunWing, American Airlines, Kuwait Airways, and Fits Air Sri Lanka. Talks are underway to onboard additional international carriers. Furthermore, MOM is finalizing distributor agreements in the US and Australia, with exports to these regions expected to begin soon.  

To support its growth strategies, MOM is building a senior leadership team to oversee the execution of its expansion plans. Co-founder Prateek Bhagchandka commented, “We are excited about the many possibilities that 2025 has in store for our brand. The north star, for us, is to be a profitable INR 500 cr. topline company in the next three or four years, and a leader in the categories we operate in. All our targets and our growth strategies are aligned towards enabling us to achieve this goal.”  

MOM’s growth reflects the expansion of India's retail and snacking market. Valued at Rs 42,694.9 crore in 2023, the domestic snacks market is projected to grow to Rs 95,521.8 crore by 2032, according to the IMARC Group. This growth is driven by rising demand for convenient, nutritious options and evolving consumer preferences, alongside regulatory standards established by the FSSAI.

 
Next Story
Popular Articles
Retail & Business
Retail India News: KidZania Appoints Tarandeep Singh as Chief Business Officer
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: KidZania Appoints Tarandeep Singh as Chief Business Officer
 

KidZania, one of the prominent leaders in the edutainment sector, proudly announces the appointment of Tarandeep Singh as its new Chief Business Officer. In this pivotal role, Tarandeep will oversee Strategic Brand Partnerships, Sales, and Marketing, guiding the brand toward a future of innovation and growth.

Returning to KidZania after a successful stint in the sports and entertainment industry, where he drove significant achievements, Tarandeep brings a renewed vision and passion to the role. Previously, he served as Marketing Director at KidZania, where he was instrumental in shaping the brand’s identity and delivering engaging experiences for children and families worldwide.

Tarandeep Singh Sekhon said, “I’m thrilled to return to KidZania in a new leadership capacity at a pivotal time in the brand’s journey. With a clear vision for growth, I look forward to collaborating with our partners to unlock fresh opportunities, drive innovation in strategic partnerships and sales, and solidify KidZania’s position as a leading global brand. Our mission remains clear: to be the preferred edutainment destination in each market and continue to create impactful experiences for children, families, and brands, while reinforcing our commitment to excellence and long-term value creation.”

With over two decades of expertise in the leisure and entertainment industry, Tarandeep’s deep knowledge of experiential marketing, strategic brand partnerships, and leadership will strengthen KidZania’s reputation as a premier destination for edutainment. His focus on building meaningful collaborations and crafting unforgettable experiences positions the brand for continued success and global recognition.

This leadership appointment reaffirms KidZania’s dedication to driving innovation and creating lasting value for its audience and partners. With Tarandeep at the helm, the brand is poised to embark on an exciting new chapter of growth and excellence.

 
Next Story
Popular Articles
Retail & Business
Acevector Limited Appoints New CEOs for Snapdeal and Stellaro Brands
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Acevector Limited Appoints New CEOs for Snapdeal and Stellaro Brands
 

Acevector Limited today unveiled two pivotal leadership appointments aimed at driving growth across its flagship businesses. Achint Setia will take the helm at Snapdeal, India's leading value e-commerce platform, as its Chief Executive Officer. Meanwhile, Himanshu Chakrawarti will transition to the role of Chief Executive Officer of Stellaro Brands, a subsidiary of Acevector Limited.

Himanshu Chakrawarti, who has been at the forefront of leading Snapdeal and Stellaro Brands for the past three years, will now concentrate exclusively on accelerating growth at Stellaro. With over three decades of extensive retail experience, Himanshu brings unparalleled expertise in brand building, having held leadership roles at renowned companies such as Trent, Arvind, and the Landmark Group. His strategic vision and deep understanding of the retail ecosystem position him to steer Stellaro Brands toward sustained success.

Achint Setia joins Snapdeal as its Chief Executive Officer, bringing nearly two decades of rich experience spanning e-commerce, media, telecom, and government services. Achint has an impressive track record in building businesses, marketing, strategy, M&A, and technology. Before joining Snapdeal, he was the Chief Revenue and Marketing Officer at Zalora Group (Singapore). Achint has also held senior leadership roles at Myntra, Viacom18, McKinsey & Co., and Microsoft. He holds an MBA in Strategy & Finance from the Indian School of Business (ISB) and has completed the Stanford GSB LEAD program in Corporate Innovation.

"We are delighted with the two executive appointments that aim to accelerate further the progress in Snapdeal and Stellaro Brands. Under Himanshu's leadership, we have seen remarkable progress across Snapdeal and Stellaro Brands, and this transition allows the group to benefit from his experiences by focusing on Stellaro’s growth. Achint's extensive experience in e-commerce, media, technology, and brand building will add great value to his role as the CEO of Snapdeal and will be instrumental in supporting the business on its growth trajectory. We wish both Achint and Himanshu great success in their new roles,” shared Kunal Bahl and Rohit Bansal, Co-founders of AceVector Limited  (holding company of Snapdeal and Stellaro Brands). 

These strategic appointments underscore Acevector Limited’s commitment to fostering innovation and driving robust growth across its portfolio. With seasoned leaders at the helm, both Snapdeal and Stellaro Brands are poised to achieve new milestones in their respective domains.

 
Next Story
Popular Articles
Retail & Business
India's Quick Commerce Market Set for Explosive Growth, Expanding Beyond Metros
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
India's Quick Commerce Market Set for Explosive Growth, Expanding Beyond Metros
 

India's Quick Commerce retail market is on an impressive growth trajectory, with expectations for substantial expansion in the coming years. A recent report by Anand Rathi highlights that multiple players can successfully coexist within the growing Quick Commerce market.

The overall retail market in India reached Rs 76 trillion to Rs 78 trillion in 2023, and it is projected to grow to Rs 116 trillion to Rs 124 trillion by 2028. Within this, Quick Commerce's contribution is expected to rise from a modest 0.3 percent (Rs 224 billion) in 2023 to 2-3 percent (Rs 2,320 billion to Rs 4,240 billion) by 2028, representing a compound annual growth rate (CAGR) of 60-80 percent.

The Quick Commerce sector in India is evolving on both the supply and delivery sides. On the supply side, platforms are diversifying their offerings to include new categories, coupled with tech-enabled distribution solutions that assist brands in planning and forecasting. Meanwhile, the delivery side is emphasizing faster service at lower prices compared to traditional Kirana stores, with a focus on maintaining high speed and affordability. This strategy is not only providing consumers with added convenience but is also fostering habit-forming behaviors that continue to attract a growing base of consumers, particularly in today’s increasingly busy and digitally driven society.

The increasing penetration of online shopping is also drawing in new consumer segments, such as housewives and senior citizens, who are increasingly turning to QuickCommerce platforms for their everyday needs.

Currently, over 90 percent of Quick Commerce contributions are coming from India’s top eight cities (metros and tier-1 cities), which are home to mid- to high-income households. However, with the market expanding, players are now targeting Tier II and Tier III cities, recognizing the untapped potential and aiming to reach value-conscious buyers beyond the metros.

Blinkit, for example, has expanded its footprint to 45-50 cities in the past two years, with its store count reaching 791 in Q2 FY25. New stores are being opened in cities like Kochi, Ajmer, Alwar, Nagpur, Vishakhapatnam, and recently in Lonavala, Khandala, and Hisar. The company’s goal is to reach over 1,000 stores by the end of FY25 and 2,000 stores by the end of FY26.

Instamart has extended its presence to 54 cities and is aiming to expand to 75 cities. The company has increased its dark store count from 523 in FY24 to 609 in Q2 FY25, with a target of reaching 1,000 dark stores by the end of FY25.

Zepto has grown significantly, with 650 dark stores as of December 2024 (75 percent of which are located in the top 10 metro cities), up from 340 in FY24. It is witnessing positive momentum in Tier II cities like Nashik, Jaipur, and Chandigarh, where stores are receiving over 1,000 orders per day.

Flipkart Minutes, currently operating in only three cities—Mumbai, Delhi, and Bangalore—has 100 dark stores and plans to expand its presence in more Tier I cities and metros.

In line with the market's expansion, these companies are diversifying their assortments beyond groceries and FMCG products to include toys, gaming, luggage, sports, home improvement, and electronics. They are also experimenting with returns and exchanges for categories like apparel, footwear, and lifestyle products, signaling a shift from food to a broader range of products in the Quick Commerce model.

 
Next Story
Popular Articles
Retail & Business
Goyal Salt Strengthens Operations with Rs 80 Crore Plant in Gandhidham
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Goyal Salt Strengthens Operations with Rs 80 Crore Plant in Gandhidham
 

Goyal Salt Limited, a prominent FMCG player specializing in salt, is strengthening its retail presence in India by investing Rs 80 crore to establish a salt manufacturing plant in Gandhidham, near the salt hub of Kutch. This expansion is part of the company’s strategy to enhance its operations and cater to the growing demand in the western and eastern markets of India.  

Currently, Goyal Salt collaborates with over 60 distributors in northern India and has extended its network to Maharashtra, Gujarat, Assam, and Odisha. The company’s products are available in 5,000 retail outlets, with plans to expand its reach to households across the country within the next five years.  

Spread across 12 acres, the Gandhidham facility has a production capacity of 4,50,000 MT. The plant is in the trial stage and is expected to become operational by the end of January 2025.  

Pramesh Goyal, MD stated, “The new facility in Gandhidham allows us to get closer to western and eastern markets in the country by reducing logistics cost and hastening the delivery of finished products to our customers. We would like to repeat similar success we had in Northern markets and both Western and Eastern markets and we are very confident that we will deliver good growth rates with the help of our distributors in this area. The establishment of Gandhidham facility is another notable step in our ongoing journey to make Goyal Salt a household name in India. As we look forward, our plans include expanding even beyond to South.”  

India ranks as the third-largest salt producer globally, highlighting its growth potential. Goyal Salt has been focusing on increasing its production capacity, diversifying its product portfolio, and expanding its market presence.  

The Indian salt market is projected to grow at a CAGR of 4.8 percent from 2024 to 2029, driven by urbanization and evolving consumer preferences. The premium salt segment is expected to experience accelerated growth during this period, further solidifying the industry's growth trajectory.

 
Next Story
Popular Articles
Retail & Business
Kalyan Jewellers Reports Strong Growth in Q3 FY2025 with Expansion in India and Beyond
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Kalyan Jewellers Reports Strong Growth in Q3 FY2025 with Expansion in India and Beyond
 

Kalyan Jewellers recorded consolidated revenue growth of approximately 39 percent in the recently concluded quarter, compared to the same period in the previous financial year. The company's India operations, a key focus of its retail strategy, reported revenue growth of approximately 41 percent during Q3 FY2025, driven by strong festive and wedding demand across gold and studded jewellery categories. Same-store sales growth stood at approximately 24 percent for the quarter, reflecting healthy customer demand in India.  

During the quarter, Kalyan Jewellers launched 24 new showrooms across India and outlined plans for further expansion in the coming months. The company aims to open 30 more Kalyan showrooms and 15 Candere showrooms in India in the current quarter. These initiatives support its ambitious target of opening 80 Kalyan showrooms and 50 Candere showrooms in India by the end of FY2025.  

The Middle East operations showed revenue growth of approximately 22 percent compared to the same period last year, contributing around 11 percent to the company's consolidated revenue for the quarter.  

In a notable development, the company launched its first Company-Owned Company-Operated (COCO) showroom in the United States, marking its entry into the American market.  

Kalyan Jewellers' digital-first platform, Candere, also performed strongly, recording revenue growth of approximately 89 percent during the quarter compared to the previous year. Candere added 23 new showrooms during Q3 FY2025, further strengthening its retail presence in India.  

Looking ahead to FY2026, Kalyan Jewellers has laid out an aggressive showroom expansion plan, targeting 170 new showrooms across its Kalyan and Candere formats. This includes 75 Kalyan showrooms in non-south Indian regions, 15 in South India and international markets, and 80 Candere showrooms in India. The company has already started signing Letters of Intent (LOIs) for Franchisee Owned Company Operated (FOCO) showrooms to support this growth.  

As of December 31, 2024, Kalyan Jewellers operates 349 showrooms globally, including 253 in India, 36 in the Middle East, one in the United States, and 59 under the Candere format. The company's focus on retail expansion in India and international markets underscores its commitment to sustained growth.

 
Next Story
Popular Articles
Retail & Business
Indo National Limited Restructures Leadership to Drive Diversification Strategy
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Indo National Limited Restructures Leadership to Drive Diversification Strategy
 

Indo National Limited has announced an organizational restructuring to strengthen its diversification strategy. With a focus on innovation and expansion, the company aims to enhance its presence across retail and emerging industries in India and global markets. Pavan Kumar, who joined Indo National Limited as Chief Operating Officer in 2023, has been elevated to the role of Chief Executive Officer. He will oversee the company’s overall strategy, operations, and business transformation. 

Pavan Kumar BVS, Chief Executive Officer, Indo National Limited said, “The company has been a household name with 50+ years of legacy. Our vision is to sustain this legacy by shaping the brand for the future and expanding into clean tech, homecare, modern energy storage, sustainability solutions, and the aerospace industries. I am thrilled to lead the brand into building, guiding and implementing the overall strategy, operations and vision of the company. My primary focus will be on delivering shareholder value, driving business transformation, building consumer-centric brands, enhancing organizational capabilities, and ensuring a profitable and sustainable P&L. As we embark on new adventures, I am delighted to welcome Binu Sekhar to Indo National Limited. With his extensive-experience in consumer durables sales and forward-thinking leadership, I am confident that we will scale to new heights and achieve our vision of building a future-ready, diversified brand while upholding our proud legacy.”

As part of its restructuring, Indo National Limited has appointed industry veteran Binu Sekhar as Chief Sales Officer. Sekhar brings nearly two decades of experience in sales and distribution across FMCG, FMCD, and telecom sectors. His previous roles include CSO at Intergrow Brands and Vice President of Sales at CavinKare, where he oversaw operations in India and neighboring countries.  

Sekhar, CSO, Indo National Limited said, “I am thrilled to take on this exciting opportunity to drive transformative growth at Indo National Limited (INL). My short-term focus for the organization is to empower the sales team with a process-oriented approach that delivers exceptional channel satisfaction and accelerates market share growth nationwide. In the long term, my goal is to lead a 100 percent digitally transformed sales organization that achieves the ambitious milestone of a Rs 1000 crore turnover. I look forward to collaborating with a dynamic team and contributing to INL’s legacy of excellence while shaping a future-ready business.”

Indo National Limited’s diversification strategy extends beyond leadership changes. The company recently launched 'Swooper,' an advanced mosquito repellent liquid vaporizer, marking its entry into the home care segment. It is also preparing to enter the EV battery and e-waste recycling markets.  

Additionally, the company has strengthened its operations by appointing Amit Kumar Sharda as Head of Human Resources and Suresh V as Head of Supply Chain. These appointments align with the company’s vision of fostering growth and market relevance.  

Headquartered in Chennai, Indo National Limited is the second-largest player in India’s dry cell battery industry, with an annual production capacity of 800 million batteries. As it diversifies into new sectors, the company continues to build on its legacy while addressing the evolving needs of the retail and consumer markets in India.

 
Next Story
Popular Articles
Retail & Business
DoubleTWO Joins Bradford License India for Strategic Expansion into New Categories in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
DoubleTWO Joins Bradford License India for Strategic Expansion into New Categories in India
 

DoubleTWO, the iconic British fashion brand known for its legacy of innovation and craftsmanship, has partnered with Bradford License India to explore exciting licensing opportunities across multiple product categories in the Indian market.

Founded in 1940 in Wakefield, West Yorkshire, DoubleTWO revolutionized the shirt industry with its patented double collar design and became renowned for pioneering the world’s first manmade fibre shirt in collaboration with Dr. Rex Whinfield, the inventor of polyester. Over its illustrious 80-year journey, the brand has maintained its reputation for excellence and forward-thinking designs, evolving to meet modern demands while staying true to its heritage. DoubleTWO is celebrated for its high-quality fabric, impeccable fit, timeless style, and innovative design—hallmarks that continue to define its enduring appeal.

In 2018, DoubleTWO made its entry into India with a flagship store in Bengaluru, garnering popularity for its superior non-iron shirts and stylish garments. Building on this success, the brand is now actively seeking licensees for various product categories, including women’s wear, kids' wear, footwear & accessories (for men, women, and children), lingerie, luggage & backpacks, and franchise partners for DoubleTWO Apparel.

DoubleTWO embodies a unique blend of luxurious yet affordable fashion, balancing a classic and premium aesthetic with youthful and playful elements. This versatile brand positioning resonates strongly with India's diverse consumer base, making it ideal for addressing the dynamic preferences of modern shoppers.

India’s fashion and lifestyle licensing market is experiencing unprecedented growth, contributing significantly to the country’s overall licensing industry, which is projected to reach $9.5 billion by 2025. This surge is fueled by a burgeoning middle class, rapid urbanization, and increased demand for global and aspirational brands. Categories such as apparel, accessories, footwear, and lifestyle products dominate, while segments like home décor, fragrances, eyewear, and tech-driven accessories are emerging as high-growth areas. This dynamic environment positions heritage brands like DoubleTWO to capitalize on India’s expanding consumer base by delivering innovative, category-specific offerings that blend global appeal with local sensibilities.

DoubleTWO

“DoubleTWO exemplifies a legacy of excellence, seamlessly combining heritage craftsmanship with modern innovation," said Gaurav Marya, Chairman of Franchise India Group. "This partnership opens doors to exciting opportunities in India's thriving fashion and lifestyle sectors, perfectly aligning the brand's storied past with the evolving aspirations of today's consumers."

Adding to this, Anand Annamalai, Director, DoubleTWO, remarked, "India's vibrant and ever-evolving market presents a unique opportunity for DoubleTWO to establish a deeper connection with consumers. With Bradford License India's strong licensing acumen, we are excited to expand our footprint and bring our rich heritage to new categories that resonate with the modern Indian audience."

DoubleTWO’s long-standing reputation for premium products, along with its forward-thinking designs, makes it an ideal brand for dynamic categories in the growing Indian market. With its iconic history and modern outlook, DoubleTWO continues to evolve with the needs of today’s consumers, making it the perfect time for new licensing and retail opportunities.

Bradford License India is proud to represent DoubleTWO and extend its partnership into multiple high-potential categories across India.

For partnership inquiries, please reach out to [email protected]

For more information,

Visit: www.bradfordlicenseindia.com or Follow us on: https://www.instagram.com/bradfordlicenseindia/

About DoubleTWO:

DoubleTWO is a legacy British brand that combines timeless craftsmanship with cutting-edge innovation. Known for its double collar shirts, the company has consistently led the way in creating quality apparel that caters to both traditional and modern tastes. With a history spanning over 80 years, DoubleTWO remains at the forefront of the fashion industry, offering non-iron shirts, luxury fabrics, and durable designs that stand the test of time.

https://doubletwo.in/

About Bradford License India

Bradford License India, in affiliation with Bradford Licensing LLC is a leading global licensing agency specializing in brand licensing, retail merchandising, and market expansion strategies. Since its inception in 2010, Bradford has stood as India's pioneering end-to-end licensing solution provider, strategically designed to elevate brand awareness and catalyze the growth of licensing across the nation. With a portfolio of prestigious brands across diverse sectors, Bradford License India leverages its expertise and industry insights to create successful licensing partnerships and drive brand growth in the Indian market.

www.bradfordlicenseindia.com

 
Next Story
Popular Articles
Retail & Business
Nykaa Projects Strong Revenue Growth in Q3 FY25
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Nykaa Projects Strong Revenue Growth in Q3 FY25
 

FSN E-Commerce Ventures, the parent company of Nykaa, has reported strong performance in the retail sector in India, with consolidated net revenue growth expected to exceed the mid-twenties for the third quarter of FY25. The company’s consolidated net revenue growth has outpaced its GMV growth for Q3, indicating a favorable trend in the translation of gross merchandise value to net revenue.  

Nykaa's beauty segment has shown robust growth, with net revenue growth surpassing the mid-twenties and GMV growth anticipated to be in the low thirties. The company noted strong momentum across all beauty-related businesses, including its e-commerce platform, retail stores, owned brands, and eB2B distribution channels.  

Customer acquisition in the beauty vertical has continued to accelerate, with the eB2B distribution business, Superstore by Nykaa, accounting for 8 percent of the segment's GMV compared to 7 percent a year earlier. The Superstore now serves approximately 260,000 transacting retailers across more than 1,100 cities, reflecting significant growth in its retail network.  

In the fashion segment, Nykaa expects net revenue growth of around 20 percent, with NSV (net sales value) growth projected in the low to mid-teens. The company acknowledged subdued online fashion demand but remains optimistic about long-term opportunities in this segment.  

For the second quarter of FY25, Nykaa reported a consolidated net profit of Rs 12.97 crore, marking a 66.28 percent increase compared to Q2 FY24. Revenue from operations grew by 24.4 percent, reaching Rs 1,874.74 crore during the same period.  

Since its inception, Nykaa has grown into one of India’s leading lifestyle-focused consumer technology platforms. The company has expanded its offerings with platforms such as Nykaa Fashion, Nykaa Man, and Superstore, targeting diverse consumer needs across retail categories.  

Nykaa’s performance in Q3 FY25 highlights its ability to adapt to market conditions, strengthen its retail presence in India, and maintain momentum across its core business verticals.

 
Next Story
Popular Articles
Retail & Business
Kevan Parekh Takes Over as Apple’s CFO, Effective January 2025
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Kevan Parekh Takes Over as Apple’s CFO, Effective January 2025
 

Apple has officially announced that Kevan Parekh has assumed the role of Chief Financial Officer (CFO) starting January 1, 2025, marking a key leadership change for the tech giant. This transition holds significance for Apple’s retail and overall operations globally, including its presence in India.  

In a filing with the Securities and Exchange Commission (SEC), Apple confirmed the development, stating, “As part of Apple Inc.’s (‘Apple’s’) previously announced Chief Financial Officer transition plan, Apple’s Board of Directors appointed Kevan Parekh, 53, as Apple’s Senior Vice President, Chief Financial Officer, effective January 1, 2025. Parekh succeeds Luca Maestri in the role of CFO.”  

Parekh joined Apple in June 2013 and has held roles including Vice President of Financial Planning and Analysis and Vice President of Finance for Sales, Marketing, and Retail. His previous experience includes senior leadership positions at Thomson Reuters and General Motors.  

With his new appointment, Parekh’s annual compensation has been revised to $1 million. Additionally, he is eligible to participate in the Apple Inc. Executive Cash Incentive Plan for fiscal year 2025, the company stated.  

Luca Maestri, who served as Apple’s CFO for several years, has transitioned to a new role where he oversees Corporate Services teams, including information systems and technology, cybersecurity, and real estate and development.  

Apple’s leadership change reflects its focus on maintaining strong financial oversight and operational efficiency as it continues to expand its retail presence and other strategic initiatives worldwide, including in India.

 
Next Story
Popular Articles
Retail & Business
Adani Wilmar Eyes FMCG Expansion in India Following Adani Group Exit
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Adani Wilmar Eyes FMCG Expansion in India Following Adani Group Exit
 

Adani Wilmar Ltd (AWL), a key player in India’s retail edible oil market, is adopting a strategy akin to ITC’s by leveraging its stronghold in edible oil and its extensive distribution network to bolster its high-margin FMCG portfolio, sources revealed. This shift aligns with ITC's approach of utilizing its dominant cigarette business to drive FMCG growth.  

With the Adani Group's exit, Wilmar is expected to capitalize on the opportunity to introduce more global FMCG brands into the Indian market.  

In the December quarter, AWL reported a 24 percent year-on-year volume growth in its FMCG segment. The contribution of food and FMCG products to overall volumes rose to 20 percent, compared to 10 percent in FY21, while its share in total revenues increased to 9 percent, up from 5 percent during the same period.  

"In the foods category, key packaged products such as wheat flour, rice, nuggets, pulses, poha, and sugar have experienced robust double-digit growth," the company noted in a filing.  

AWL attributed its growth to an integrated distribution model that leverages its oil distribution network to expand the reach of food products, particularly in urban markets. E-commerce and quick commerce channels contributed significantly, with a 41 percent year-on-year increase in sales.  

AWL's edible oil segment, led by the 'Fortune' brand, still accounts for 80 percent of the company’s revenues despite a gradual decline in its share. B2B sales contribute 10 percent to the overall revenue.  

In the December quarter, higher oil prices, which rose 25 percent during the three-month period, drove a 39 percent year-on-year revenue growth in the edible oil segment. Meanwhile, food and FMCG revenues saw a 22 percent increase, resulting in a 33 percent rise in total quarterly revenues, surpassing analysts' expectations of 10-15 percent growth.  

On December 30, the Adani Group announced its exit from Adani Wilmar, selling its 43.94 percent stake for over $2 billion. Adani Enterprises sold 31.06 percent to Wilmar International at Rs 305 per share, with the remaining 13 percent to be sold in the open market to meet public shareholding norms.  

This transition paves the way for Wilmar International to introduce its global brands into India.  

Established in 1999, AWL operates 23 plants across 10 states, manufacturing cooking oil, wheat flour, pulses, rice, and sugar under the Fortune brand. Wilmar Sugar and Energy Pte Ltd, part of the Wilmar Group, holds a 62.48 percent stake in Shree Renuka Sugars Ltd, a major sugar producer in India.  

 
Next Story
Popular Articles
Retail & Business
Retail India News: Cantabil Retail India Enhances E-Commerce Platform for a Seamless Shopping Experience
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Cantabil Retail India Enhances E-Commerce Platform for a Seamless Shopping Experience
 

Cantabil Retail India Ltd., one of the leading names in the Indian apparel industry, has unveiled a series of enhancements to its e-commerce platform, Cantabilshop.com, designed to elevate the online shopping experience for its customers. The revamped website introduces an intuitive user interface, streamlined navigation, advanced product filtering, and a faster checkout process, making it easier than ever to shop for Cantabil’s stylish apparel.

Key updates include real-time inventory updates and personalized product recommendations, enabling customers to quickly discover items that match their preferences. Secure payment options, backed by 256-bit encryption, ensure a safe shopping experience, while flexible payment methods—including credit/debit cards, internet banking, wallets, and cash on delivery (COD)—add to the convenience.

Customers can also enjoy free shipping on orders over Rs. 999, a 15-day hassle-free return and exchange policy, and exclusive discounts, further enhancing the value of every purchase. For prompt assistance, the platform offers support through WhatsApp and email, ensuring quick and effective resolution of queries.

Deepak Bansal, Director, Cantabil Retail India Ltd. said, “At Cantabil, our goal has always been to make shopping for quality fashion as effortless and enjoyable as possible. With the updates to Cantabilshop.com, we are not just adding new features, we are creating an experience that makes our customers feel valued and understood. Whether it’s making it easier to find their perfect outfit or simplifying the checkout process, every change is about connecting with our customers and making their lives a little easier. This is just one step in our journey to bring the best of Cantabil closer to them, wherever they are.”

Since its inception in 2000, Cantabil has grown into a prominent player in India’s retail industry, offering a wide range of fashionable apparel for men, women, and children. These digital advancements reflect the brand’s commitment to integrating technology with fashion, ensuring a seamless shopping journey from browsing to checkout.

 
Next Story
Popular Articles
Retail & Business
Titan Reports 24 Pc Revenue Growth in Q3 Driven by Festive Demand in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Titan Reports 24 Pc Revenue Growth in Q3 Driven by Festive Demand in India
 

Titan Company, a leading Indian retailer in jewellery and watches, reported a 24 percent year-on-year rise in third-quarter revenue, driven by strong festive demand in India. The jewellery segment, which accounts for 87 percent of the company's total revenue, experienced high single-digit buyer growth during the festive period.

The company noted that demand for gold in India typically strengthens in the latter part of the year due to major festivals like Diwali and Dussehra, as well as the traditional wedding season. Gold purchases during these occasions are considered auspicious. Additionally, the government's decision in July to reduce import duties on bullion has made gold prices more appealing to buyers.  

Titan's jewellery business, which includes brands like Tanishq and CaratLane, recorded a 26 percent year-on-year growth for the quarter ending December 31. Sales of plain gold jewellery increased by 24 percent, while gold coin sales surged by 48 percent, as many customers viewed bullion as a secure investment option.  

In November, Titan had projected a potential loss of 2.75 billion to 2.80 billion rupees for the third quarter due to the customs duty cut, which impacted inventory purchased at higher prices. Despite this, the company’s overall performance remained strong, with the report boosting its shares by 1.8 percent in early trading.  

The watches and wearables segment, which includes products from brands like Fastrack and Coach, also saw a 15 percent increase in revenue during the quarter. The quarterly performance highlights Titan's ability to leverage festive demand and favorable market conditions to strengthen its position in India’s retail sector.

 
Next Story
Popular Articles
Retail & Business
Adani Wilmar Reports 6 Pc Volume Growth and 33 Pc Revenue Increase in December Quarter
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Adani Wilmar Reports 6 Pc Volume Growth and 33 Pc Revenue Increase in December Quarter
 

Adani Wilmar, a prominent player in India's retail market for edible oils and food products, reported a 6 percent year-on-year growth in sales volumes and a 33 percent revenue increase during the December quarter. The company, established in 1999 as a joint venture between the Adani Group and Singapore-based Wilmar Group, markets its products primarily under the Fortune brand.  

In a regulatory filing, the company attributed its performance to strategic measures despite challenges posed by rising raw material costs. "The company achieved a healthy volume growth of 6 percent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs," Adani Wilmar stated.  

The edible oils segment recorded a 4 percent increase in sales volumes and a 39 percent growth in revenue. While acknowledging some consumer downtrading in this segment, the company highlighted its diverse portfolio of brands across various price points as a key factor in maintaining market share.  

In the food products category, Adani Wilmar saw double-digit growth for packaged goods such as wheat flour, rice, nuggets, pulses, poha, and sugar. "The integrated distribution model is enabling us to leverage the strength of our oil distribution network to boost the reach of our food products, particularly in urban markets," the company said.  

E-commerce, including quick commerce platforms, emerged as a growth driver, with sales volumes increasing by 41 percent year-on-year. Meanwhile, a focus on south India delivered over 15 percent growth in volumes for branded edible oils and food products combined. Rural markets also contributed to the company’s growth, supported by expanded coverage of rural towns and trial-generation initiatives like combo offers.  

The update comes shortly after the Adani Group announced its exit from the joint venture, divesting its entire 44 percent stake in Adani Wilmar through a sale to the Wilmar Group and open market transactions.  

Adani Wilmar continues to leverage its integrated distribution model and strategic initiatives to strengthen its position in India's retail sector, with a focus on sustained growth in both urban and rural markets.

 
Next Story
Popular Articles
Retail & Business
Kati Patang Expands Global Reach with UK Stake and Licensing Agreement
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Kati Patang Expands Global Reach with UK Stake and Licensing Agreement
 

Kati Patang Lifestyle Limited, an emerging name in India's retail beer market, has entered the UK market with a strategic acquisition and licensing partnership. Through its UK subsidiary, the company has acquired a 23 percent stake in CHADKP Holdings Limited, the parent company of Chadlington Brewery and The Tite Inn, Oxford. Additionally, Kati Patang has signed a three-year licensing agreement to brew its gluten-free Saffron Lager at Chadlington Brewery.  

This move highlights Kati Patang’s ambition to strengthen its presence in international retail markets, blending its India-inspired premium beers with the British brewing tradition. Chadlington Brewery, located in the Cotswolds, is known for its high-quality, vegan-friendly beers brewed with Oxfordshire spring water, while The Tite Inn serves as a historic community pub.  

Shantanu Upadhyay, Executive Director of Kati Patang Lifestyle Limited said, “We are delighted to embark on this exciting venture with Chadlington Brewery and The Tite Inn Chadlington. This collaboration exemplifies our unwavering commitment to quality, innovation, and community-driven growth. By uniting our expertise, we aim to establish a strong foothold in the UK and Europe, offering a unique blend of Indian artistry and British brewing heritage.”  

Jason Chipchase, CEO of the joint venture and a stakeholder in Chadlington Brewery and The Tite Inn said, “This is a dynamic collaboration between two iconic beer brands. We’re excited to activate Kati Patang across pubs, restaurants, and supermarkets, while simultaneously scaling Chadlington Brewery’s own-label offerings. Together, we envision creating a vibrant ecosystem of unique taprooms in key cities across the UK.”  

The partnership also aims to enhance Chadlington Brewery’s production capabilities and broaden its market presence. Strategic advisor Nigel Eastwood, who facilitated the deal, described the collaboration as a synergy of rich regional heritages. “By bringing together Kati Patang’s distinctive Indian flavours and Chadlington’s unmatched brewing expertise, we’re unlocking significant potential in the craft beer market,” he said.  

The venture plans to launch taprooms in major UK cities, showcasing the innovative beers crafted through this partnership. Details on product launches and community initiatives will follow in the coming months, marking a significant step in Kati Patang’s global retail expansion efforts.

 
Next Story
Popular Articles
Retail & Business
Page Industries Appoints Karthik Yathindra as CEO to Strengthen Retail Presence
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Page Industries Appoints Karthik Yathindra as CEO to Strengthen Retail Presence
 

Page Industries Limited, the licensee for Jockey and Speedo in India, has announced the appointment of Karthik Yathindra as its Chief Executive Officer, effective April 1, 2025. With this leadership change, the company aims to reinforce its position in the retail and innerwear market in India, building on its established reputation in the innerwear, athleisure, and swimwear segments.  

Karthik Yathindra, who has been with Page Industries for over nine years, brings extensive leadership experience and a strong understanding of the company’s core values. During his tenure, he has held key positions across sales, retail, product development, marketing, and supply chain, consistently delivering impactful results.  

Karthik Yathindra stated, "I am honored to take on this new role and lead such a talented team. I look forward to building on the strong foundation we’ve established, driving innovation, and continuing to deliver value to our consumers, partners, and stakeholders."  

Ganesh V S, MD of Page Industries said, "We are thrilled to have Karthik as our new CEO. Having worked alongside him for many years now, I am confident that his leadership will further strengthen our position in the industry and help us achieve our strategic goals."

Under Yathindra’s leadership, Page Industries has implemented key initiatives that have driven growth and innovation, further solidifying the company’s competitive edge in India’s retail landscape. His expertise in managing diverse functions has positioned the company for future success, ensuring it continues to meet the evolving needs of the market.  

As Page Industries embarks on this new chapter, the company remains focused on its commitment to excellence and strategic growth, leveraging Yathindra’s leadership to enhance its retail presence and strengthen its market position in India.  

 
Next Story
Popular Articles
Retail & Business
Retail India News: Apparel Export Council Requests Tax Cuts and Machinery Duty Exemptions in Budget
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Apparel Export Council Requests Tax Cuts and Machinery Duty Exemptions in Budget
 

The Apparel Export Promotion Council (AEPC) has urged the government to introduce tax incentives in the upcoming Union Budget, including the removal of a provision that mandates payments to MSMEs within 45 days to claim tax deductions, as well as customs duty exemptions on garment machinery imports.

The AEPC is also seeking an interest equalization rate of 5 percent in the Budget, which will be presented by Finance Minister Nirmala Sitharaman on February 1.

In addition, the Council has called for the extension of concessional tax rates for new manufacturing units to promote the establishment of new garment production facilities. They also seek simplification in the import process of trims and embellishments under the Import of Goods at Concessional Rate (IGCR) scheme and liberalization of e-commerce export procedures.

"Ready Made Garments (RMG) industry has also demanded the removal of Sec43B (H) of the IT Act in the ensuing Budget, which pertains to payments to any MSME companies within a maximum of 45 days' time to claim any deduction in tax. This has increased tax liabilities and disrupted the cash flow of exporters," the statement noted.

The AEPC has also requested that the cap on the export value per consignment under e-commerce be raised to a minimum of Rs 25 lakh, and the export realization period be extended to 12 months.

India’s garment export sector is highly reliant on imported machinery to ensure quality and global competitiveness, as domestic production is insufficient to meet the sector’s needs.

"High import duties make Indian garment exports less competitive compared to countries like Bangladesh and Vietnam. AEPC recommends not only continuing existing exemptions but also reducing the customs duty to zero on remaining garmenting machinery to enhance the sector’s efficiency," the statement added.

AEPC Chairman Sudhir Sekhri stated, "The Union Budget is a great opportunity where our demands for long-term policy support can be considered."

AEPC Secretary General Mithileshwar Thakur emphasized the need for immediate action, saying, "There is an urgent need to quickly adopt the right strategies to take advantage of evolving supply chain reorientation."

Thakur further noted, "The Indian apparel sector is on a high growth trajectory and has the potential to outpace global competitors with upscaling of production capacity, channelizing investments into the sector, upskilling the workforce, and implementing labor reforms."

 
Next Story
Popular Articles
Retail & Business
Allana Consumer Products Adds French Fries to Its Food Portfolio
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Allana Consumer Products Adds French Fries to Its Food Portfolio
 

Allana Consumer Products Limited (ACPL), a key player in the retail and food industry in India, has announced its entry into the frozen food segment with the launch of premium French Fries. This strategic move highlights ACPL’s commitment to expanding its product portfolio and tapping into the growing global frozen food market.  

Leveraging its established presence in the coffee and fruit pulp sectors, ACPL’s entry into frozen French Fries represents a significant step in its growth strategy. Raj Lekhwani, Director of Allana Consumer Products Private Limited said, "Our venture into frozen foods with French fries is not just a portfolio expansion—it’s a strategic move to leverage our expertise, infrastructure, and market reach to deliver a superior product. Globally, the frozen French Fries market is valued at approximately $ 19.1 billion ($ 21.6 Billion for Regular Fries in 2024 as per The Insight Partners) and is expected to grow at a steady rate, driven by the increasing demand for convenient, ready-to-eat foods at households and consistent quality product requirements at Institutions and HoReCa segments. Thus, with this step, we aspire to garner a minimum 3 percent global market share by 2029 in Regular Fries.”  

ACPL’s initial focus will be on international markets, utilizing its established global distribution network for frozen products to quickly penetrate new regions and reinforce its presence. Parag Gadre, Business Head – Fruits and Vegetables at ACPL explained, “This initiative is a reflection of our commitment to remain at the forefront of the global food industry, providing high-quality offerings that cater to diverse consumer preferences. Initially, we will focus on international markets where ACPL can leverage the existing global distribution network handling the frozen value chain, enabling it to penetrate new markets swiftly and reinforce its presence in key international regions. ACPL shall enter the Indian market by 2027.”  

India’s per capita consumption of French fries currently remains low, at less than 1 kg, compared to over 10 kg in leading countries. However, this segment is growing rapidly in India, driven by convenience and changing consumer preferences. ACPL plans to address this growth by anchoring and pioneering the expansion of frozen infrastructure in the country, with a focus on metro cities initially.  

Allana French Fries are made from Santana G3 seed potatoes, a globally preferred variety known for its quality. The company has secured long-term agreements with M/s Technico for Santana G3 seed coverage to ensure a consistent supply of premium potatoes. The potatoes undergo meticulous processing, including washing, peeling, cutting, blanching, par-frying, and freezing, using advanced techniques to maintain optimal taste and texture.  

This launch strengthens ACPL’s focus on meeting evolving consumer demands for convenience food, positioning itself as a competitive player in the global frozen food sector. The company’s strategic expansion reflects its aim to establish a strong presence in both the international and Indian retail markets.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Mamaearth and Zepto Join Forces to Kickstart 2025 with Sustainability Campaign
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Mamaearth and Zepto Join Forces to Kickstart 2025 with Sustainability Campaign
 

Mamaearth, the popular beauty and personal care brand, has partnered with Zepto to begin 2025 by "planting goodness." For every Mamaearth product purchased through Zepto, the brand will plant a tree in the consumer's name. This collaboration merges Zepto’s rapid 10-minute delivery service with Mamaearth’s strong sustainability goals, providing an effortless way for consumers to make eco-friendly choices.

The campaign’s video captures the spirit of New Year's resolutions, highlighting the desire for positive change. It portrays the common question asked at the start of every year, "What is your new year's resolution?" and brings to life the nostalgic memory of planting trees as a child with loved ones. Now, thanks to this partnership, this tradition can be revisited in less than 10 minutes by ordering Mamaearth products on Zepto.

This initiative gives consumers the opportunity to actively contribute to a more sustainable future, perfectly embodying Mamaearth’s ‘Goodness Inside’ philosophy. The campaign underscores Mamaearth’s commitment to sustainability while showcasing Zepto’s unparalleled convenience, making eco-conscious living accessible like never before.

“At Mamaearth, we believe that small actions can create a big impact. This campaign is an extension of our  Goodness Inside philosophy, encouraging consumers to join us in building a greener planet. Partnering with Zepto adds the convenience of quick delivery, making it easier than ever for consumers to support sustainability. Together, we are adding ‘Goodness’ to the beginning of 2025,” said Anuja Mishra, EVP and Chief Marketing Officer, Honasa Consumer.

Chandan Mendiratta, Chief Brand and Culture Officer at Zepto shared, “We’re excited to team up with  Mamaearth to kick off 2025 with a bang—and a bit of green! This partnership is all about making it super easy for Zepto users to do good while getting what they love. We thank our sellers for enabling this. Just order your favorite Mamaearth products and boom—a tree gets planted. Quick, simple, and impactful— just the way we like it!”

Since 2020, Mamaearth has been planting a tree with every order placed on its website or mobile app as part of its Plant Goodness initiative. To date, the brand has planted over 800,000 trees across India, staying committed to its mission of creating a greener future.

Through this collaboration, Mamaearth and Zepto aim to make sustainability a seamless part of daily life. The campaign will run for a limited time and will be promoted across digital platforms, spreading awareness and encouraging participation to create a sustainable tomorrow.

 
Next Story
Popular Articles
Retail & Business
Retail India News: India's Appliance Market on Track for 12-15 Pc Growth in 2025 Amid Strong Demand
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: India's Appliance Market on Track for 12-15 Pc Growth in 2025 Amid Strong Demand
 

The appliances and consumer electronics (ACE) industry is poised for robust growth in 2025, expecting a 10-15 percent increase driven by premiumization, rising incomes, and a shift towards energy-efficient, AI-enabled, and connected products. The growing preference for global-quality and innovative features underscores this trend, according to industry leaders.

The year 2024 marked a transformative phase for the sector, demonstrating resilience amid challenges like rising raw material costs, supply chain disruptions, and price hikes. The industry, which contributes 0.6 percent to India’s GDP, embraced technological advancements and innovation to sustain growth.

Kamal Nandi, Business Head and EVP of Godrej Appliances highlighted the sector’s trajectory, saying, “Looking ahead, we expect the appliances industry to grow approximately 12-15 percent in 2025.” He attributed this growth to rising incomes, urbanization, real estate expansion, and the penetration of smaller markets, including tier-III cities.

Manish Sharma, Chairman of Panasonic Life Solutions India, noted that the adoption of higher energy efficiency, premium appliances, and policies like the production-linked incentive (PLI) scheme will propel the sector. “In 2025, new-age technologies such as AI, IoT, cloud computing, and automation will continue to democratize technological transformation and deliver smart ecosystem solutions to consumers,” Sharma said.

The ACE industry is also focusing on localization, research, and sustainable innovation. CEAMA President Sunil Vachani praised initiatives like the PLI scheme and Make in India, stating, “These have been instrumental in enhancing domestic manufacturing and attracting global investments.” Vachani projected 12-14 percent value-based growth in 2024, emphasizing strong demand for energy-efficient products.

The room air conditioner (RAC) segment saw 30 percent growth in 2024, fueled by rising temperatures and greater market penetration in tier I and tier II cities, said Vachani. Voltas, a Tata Group company, achieved record-breaking sales of over two million units, making 2024 a “landmark year,” according to its CEO Pradeep Bakshi. “Looking ahead to 2025, we anticipate significant growth,” Bakshi added, highlighting AI and IoT integration as key trends.

Premiumization is also driving the industry, raising the average selling price (ASP) of products like air conditioners, washing machines, refrigerators, and LED TVs. Haier Appliances India President N.S. Satish predicted double-digit growth in 2025, emphasizing the importance of differentiated products and strong after-sales service.

BSH Home Appliances CEO Saif Khan highlighted increasing demand for premium appliances like advanced dishwashers, built-in cooking ranges, and high-capacity washing machines. “Consumers are seeking superior quality, innovation, and enhanced lifestyle experiences,” Khan said.

Dixon Technologies (India), a leading contract manufacturer, called 2024 a “transformative” year, with India’s electronics manufacturing sector surpassing $120 billion in value and exports growing 40 percent year-on-year. Executive Chairman Sunil Vachani remarked, “These achievements underscore India’s growing reputation as a trusted destination for high-quality manufacturing. The journey ahead is promising.”

Looking further ahead, Manish Sharma projected a compound annual growth rate (CAGR) of 11 percent for India’s consumer electronics sector, reaching $35.73 billion by 2029 and creating five lakh jobs. He added, “Indian RAC manufacturing could expand to Rs 100,000 crore by 2029, with exports contributing 35 percent of total manufacturing.”

With strong fundamentals, evolving consumer preferences, and supportive government initiatives, the ACE industry is on track to scale new heights in 2025 and beyond.

 
Next Story
Popular Articles
Retail & Business
ABD Expands Zoya Gin Portfolio with New Flavors in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
ABD Expands Zoya Gin Portfolio with New Flavors in India
 

Allied Blenders and Distillers Limited (ABD), the third-largest spirits company in India, has expanded its Zoya Gin brand with two new premium flavors: Zoya Watermelon Gin and Zoya Espresso Coffee Gin. These additions build on the success of Zoya Special Batch Gin and are aimed at enhancing ABD's presence in the dynamic retail and spirits market in India.

Zoya Watermelon Gin is designed to evoke the refreshing experience of a sunny day, offering a light and crisp flavor. Meanwhile, Zoya Espresso Coffee Gin brings a rich and aromatic experience inspired by the essence of a traditional espresso shot. These unique offerings reflect the growing trend in the Indian gin market, where innovation in flavor profiles is driving expansion in the premium spirits segment.

Zoya Special Batch Gin has already made a mark in the industry, winning multiple accolades, including 'Campaign Innovator of the Year' at ICONS OF GIN India 2024, 'New Product of the Year' at INDSPIRIT AWARDS 2024, and Grand Gold awards at India WINES AND SPIRITS 2024 and SPIRITZ SELECTION in the Gin category.

Alok Gupta, Managing Director of ABD said, "As innovators in the alcobev industry, we wanted Zoya to set a new benchmark, and our Watermelon flavor does just that. It’s inspired by the classic summer favorite in Indian households, delivering a refreshing and vibrant twist to gin. Meanwhile, the Espresso flavor reimagines the everyday coffee experience, bringing sophistication to every sip. These flavors reflect our commitment to redefining premium spirits while strategically enhancing our luxury portfolio and driving growth."

Bikram Basu, Chief Innovation and Strategy Officer at ABD added, "Zoya Special Batch Gin has received an excellent response in its launch markets. Consumer engagement with flavors in white spirits is high, and we are confident that these two new blends will continue to resonate well with our audience."

The new Zoya Gin variants are priced at Rs 2,400 for a 750ml bottle and are currently available in Maharashtra. A phased rollout to other states, including Haryana in January, will follow, as ABD aims to strengthen its position in the growing Indian gin market.

 
Next Story
Popular Articles
Retail & Business
DMart Reports 17 Pc Increase in Q3 Revenue for FY25
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
DMart Reports 17 Pc Increase in Q3 Revenue for FY25
 

Avenue Supermarts, the operator of the retail chain DMart, has reported a 17 percent increase in its standalone revenue for the third quarter of the current financial year (Q3FY25). The company's standalone revenues have reached Rs 15,565.23 crore, up from Rs 13,247.33 crore in the same period of the previous year.

In a regulatory filing, the company stated that the standalone revenue for Q3FY24 was Rs 13,247.33 crore, and for Q3FY23, it was Rs 11,304.58 crore. The company also highlighted its consistent growth over the last few years, with standalone revenue for Q3FY22 recorded at Rs 9,065.02 crore.

The company's growth trajectory reflects its ongoing expansion, with the total number of stores reaching 387 as of December 31, 2024. Additionally, Avenue Supermarts' standalone profits for Q3FY25 saw an 8 percent year-on-year (YoY) increase, amounting to Rs 710.37 crore, compared to Rs 658.54 crore in the same period last year.

DMart's revenue from operations in the September quarter stood at Rs 14,050.32 crore, marking a 14 percent growth compared to Rs 12,307.72 crore reported in the same period in FY24. The financial performance highlights the retailer's continued growth in India’s competitive retail market.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Xiaomi India Appoints Sandeep Singh Arora as Chief Business Officer
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Xiaomi India Appoints Sandeep Singh Arora as Chief Business Officer
 

Xiaomi India, one of the leading global technology companies, has announced the appointment of Sandeep Singh Arora as its new Chief Business Officer. This strategic move underscores the company’s commitment to further strengthen its leadership team in India. In his new role, Arora will be responsible for driving business development, enhancing revenue growth, forming new strategic partnerships, and expanding Xiaomi’s market presence in India.

Arora’s extensive background in leadership roles across product marketing, category management, retail operations, and brand strategy is expected to play a key role in navigating Xiaomi India through the evolving market dynamics.

“Xiaomi India is at the forefront of transforming the tech landscape in India and its commitment to making innovative technology accessible to all is truly inspiring. The culture, the core values, and the dynamism of the brand are unmatched and resonate with my values. Our focus will be on delivering exceptional products to aspirational Indians. I am looking forward to this new innings and contributing to the success of Xiaomi’s business in India," said Sandeep Singh Arora, Chief Business Officer, Xiaomi India.

Arora brings more than 30 years of experience in managing and growing consumer brands. Prior to joining Xiaomi, he held leadership positions at Samsung India, where he led the online business unit and later headed marketing communications for the Consumer Electronics division. He has also served in senior roles, including VP of marketing at Bennett, Coleman & Co. (The Times of India Group), category director, and EVP of marketing at PepsiCo India, and Unilever.

With his diverse experience, Arora is well-equipped to drive strategic growth and innovation in highly competitive markets. He holds a PGDM in Business Management and Marketing from IIM Ahmedabad, which further complements his expertise in business strategy and brand development.

 
Next Story
Popular Articles
Retail & Business
Mamaearth Joins Zepto to Promote Eco-Friendly Retail Choices
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Mamaearth Joins Zepto to Promote Eco-Friendly Retail Choices
 

Mamaearth, a fast-growing FMCG brand, has collaborated with Zepto, one of India’s leading consumer internet platforms, to promote sustainability in the retail sector. Through this initiative, every Mamaearth product ordered on Zepto will lead to the planting of a tree, combining Zepto’s rapid 10-minute delivery model with Mamaearth’s environmental mission.  

“At Mamaearth, we believe that small actions can create big impact. This campaign is an extension of our Goodness Inside philosophy, encouraging consumers to join us in building a greener planet. Partnering with Zepto adds the convenience of quick delivery, making it easier than ever for consumers to support sustainability. Together, we are adding ‘Goodness’ to the beginning of 2025,” said Anuja Mishra, EVP and Chief Marketing Officer, Honasa Consumer Limited.  

The campaign highlights the simplicity of eco-conscious living, allowing consumers to contribute to environmental efforts through everyday purchases. Chandan Mendiratta, Chief Brand and Culture Officer at Zepto, stated, “We’re excited to team up with Mamaearth to kick off 2025 with a bang—and a bit of green! This partnership is all about making it super easy for Zepto users to do good while getting what they love. Just order your favourite Mamaearth products, and boom—a tree gets planted. Quick, simple, and impactful—just the way we like it!”  

Since 2020, Mamaearth’s Plant Goodness initiative has been planting a tree for every order made on its website and mobile app, with over 800,000 trees planted across India to date. This partnership with Zepto aims to expand these efforts, making sustainability a seamless part of retail transactions in India.  

The campaign will be available for a limited time and will be promoted across digital platforms, encouraging consumers to participate in creating a greener future. By linking each order to tree planting, the initiative transforms routine retail purchases into meaningful contributions to the environment.

 
Next Story
Popular Articles
Retail & Business
Varun Beverages Invests Rs 412 Cr in South African Subsidiary
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Varun Beverages Invests Rs 412 Cr in South African Subsidiary
 

Varun Beverages Ltd (VBL) has announced an investment of Rs 412.80 crore in its South African subsidiary, The Beverage Company Proprietary Limited (Bevco). The development aligns with VBL's strategy to strengthen its presence in international markets while bolstering its operations in India and retail globally.  

Bevco is engaged in manufacturing and distributing PepsiCo’s licensed products and its own non-alcoholic beverages in South Africa. It also holds franchise rights from PepsiCo for South Africa, Lesotho, and Eswatini.  

As per a regulatory filing, VBL disclosed the subscription of 19.84 lakh ordinary shares of Bevco, resulting in an incremental shareholding of 2.42 percent. The investment is aimed at enabling Bevco to repay its existing debt and support future business growth.  

“Bevco has allotted 19.84 lakh ordinary shares to VBL, and this fresh investment will help Bevco to repay its existing debt and strengthen its balance sheet for business growth,” the company stated.  

The move follows VBL's acquisition of Bevco in December 2023 at an enterprise value of Rs 1,320 crore. The acquisition and subsequent investment are part of VBL’s effort to expand its geographical footprint and tap into the growing African beverage market.  

Promoted by the Jaipuria family, VBL accounts for 90 percent of PepsiCo’s beverage sales volume in India, solidifying its leading position in the retail beverage segment.

 
Next Story
Popular Articles
Retail & Business
V2 Retail Reports 58 Pc Revenue Growth in December Quarter
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
V2 Retail Reports 58 Pc Revenue Growth in December Quarter
 

V2 Retail, a prominent value retailer in India, recorded a 58.1 percent year-on-year increase in standalone revenue from operations for the December quarter, reaching Rs 591.03 crore. This marks a significant rise from the Rs 373.76 crore reported during the same period in the previous fiscal year, as per the company's regulatory filing with the BSE.  

“Standalone revenue from operations for the quarter ended (QE) December 31, 2024, stood at Rs 591.03 crore registering a 58 percent YoY growth,” the company stated.  

The retailer expanded its footprint significantly during the quarter, adding 21 new stores, which brought the total number of outlets to 160 as of December 2024. The expansion increased the company's total retail area to 17.22 lakh square feet, aligning with its strategic growth plans.  

The company, led by Ram Chandra Agarwal, reported a 25 percent same-store sales growth in Q3 FY25 compared to Q3 FY24, supported by strong consumer demand and enhanced operational efficiency.  

 
Next Story
Popular Articles
Retail & Business
Retail India News: Dunzo CEO Kabeer Biswas Exits as Financial Woes and Competition Mount
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Dunzo CEO Kabeer Biswas Exits as Financial Woes and Competition Mount
 

Kabeer Biswas, co-founder and CEO of Dunzo, is reportedly stepping down from the hyperlocal delivery platform. His departure comes in the wake of exits by fellow co-founders Mukund Jha, Dalvir Suri, and Ankur Agarwal, marking a significant leadership shake-up for the company.

The company has been navigating severe financial difficulties, reportedly engaging in discussions with Swiggy and Tata’s BigBasket for a potential acquisition. However, these negotiations failed to materialize, leaving Dunzo to address its challenges independently.

Adding to its woes, the company has been unable to clear employee salaries for over 18 months, according to the report. Biswas himself has allegedly not drawn a salary for nearly 20 months, underscoring the gravity of the situation.

Founded in 2014, Dunzo started as a humble WhatsApp group and quickly rose to prominence in the hyperlocal delivery market. Over the years, it secured investments from prominent backers like Reliance, Google, and Blume Ventures, establishing itself as a notable player in the sector. Dunzo carved a niche in a highly competitive market, offering innovative delivery solutions and competing against industry heavyweights like Swiggy Instamart, Tata BigBasket, and Zomato’s Blinkit.

However, the company's rapid growth came with a high cost. Dunzo's aggressive cash burn strategy, combined with heightened competition, led to operational challenges and strained finances. Despite its innovative approach and strong backing, these issues have hindered its ability to maintain a sustainable growth trajectory.

The potential departure of Kabeer Biswas comes at a critical juncture for Dunzo. As the company struggles to address its financial woes, the leadership vacuum left by the exiting co-founders adds another layer of complexity. Dunzo’s future now hinges on its ability to restructure, attract new investments, and adapt to an increasingly competitive market.

This leadership shake-up and ongoing financial turmoil serve as a stark reminder of the challenges faced by startups in the hyperlocal delivery space. Balancing innovation, growth, and financial sustainability remains a formidable task, even for established players like Dunzo.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Hyundai Motor India Launches Creta Electric SUV, a Milestone in Localized EV Innovation
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Hyundai Motor India Launches Creta Electric SUV, a Milestone in Localized EV Innovation
 

Hyundai Motor India Ltd. (HMIL) has unveiled the Hyundai Creta Electric, its first localized electric SUV designed for the Indian market. The launch was accompanied by a campaign featuring a TV commercial titled “India is now Ready; Electric is now Creta,” emphasizing the shift towards electric mobility and addressing the pressing question, “Why Now?” The Creta Electric offers a fresh design, upgraded interiors, and advanced technology, embodying Hyundai’s commitment to innovation in the electric vehicle (EV) space.

The Hyundai Creta Electric stands out with its unique pixelated design, incorporating a distinctive front grille with an integrated charging port. The pixelated aesthetics extend to the lower bumper, rear bumper, and LED tail lamps, giving the SUV a futuristic appeal. Aerodynamic enhancements such as Active Air Flaps (AAF) improve airflow, vehicle cooling, and efficiency. The SUV is further optimized for performance with R17 Aero Alloy Wheels and Low Rolling Resistance (LRR) tyres, ensuring an improved range and smoother drive.

In terms of performance, the Creta Electric boasts impressive capabilities, accelerating from 0 to 100 km/h in just 7.9 seconds in its long-range variant. Customers can choose between two battery options: a 51.4 kWh battery offering a range of 473 km or a 42 kWh battery with a range of 390 km. Charging solutions include DC fast charging, which charges the battery from 10 percent to 80 percent in just 58 minutes, and 11 kW AC home charging, enabling a full charge in 4 hours.

The SUV is equipped with advanced features, including Vehicle-to-Load (V2L) technology that powers external devices, i-Pedal technology for seamless one-pedal driving, and a Shift-by-Wire system for simplified gear control. A digital key feature adds convenience, allowing users to access and start the vehicle via a smartphone or smartwatch.

The Hyundai Creta Electric is available in four variants—Executive, Smart, Premium, and Excellence—catering to diverse preferences. It comes in eight monotone and two dual-tone color options, including three matte finishes, offering a wide range of choices for customers.

Hyundai is actively working on developing an EV ecosystem in India. The company plans to establish 600 public fast charging stations within the next seven years and is integrating access to over 10,000 EV charging points across the country through its myHyundai App. Additionally, Hyundai’s focus on battery localization and sustainability underscores its commitment to supporting the EV transition in India.

Tarun Garg, Full-Time Director and Chief Operating Officer, Hyundai Motor India said, “The Hyundai Creta Electric marks a significant milestone for HMIL as our first localized electric SUV. Hyundai Motor Company has established itself as a pioneer in EV innovation with revolutionary and award-winning EVs like IONIQ, and the Hyundai Creta Electric is no different. Continuing the strong legacy of the Creta brand, the Hyundai Creta Electric combines design, technology, and exceptional safety to inspire confidence in electric vehicles among Indian customers. With the addition of this electric powertrain, we now have a Creta for everyone. We are confident that the Hyundai Creta Electric will set a new standard in quality for electric SUVs in India and will redefine the success of EVs in the country.”

The Hyundai Creta Electric represents a bold step forward in Hyundai’s journey towards sustainable and innovative mobility solutions, promising to redefine the EV segment in India.

 
Next Story
Popular Articles
Retail & Business
NIVEA India Appoints Siddhartha Juneja as E-Commerce Director to Drive Digital Growth
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
NIVEA India Appoints Siddhartha Juneja as E-Commerce Director to Drive Digital Growth
 

NIVEA India has appointed Siddhartha Juneja as its new E-Commerce Director, effective January 2, 2025. With over 15 years of experience in FMCG and retail, Siddhartha is recognized for his expertise in e-commerce and omnichannel growth strategies. This move reflects NIVEA India’s focus on strengthening its digital capabilities and expanding its retail presence in the online skincare market.  

Siddhartha's professional journey includes leadership roles at Mondelez, Flipkart, and Kellogg's, where he successfully implemented e-commerce strategies, boosted sales, and enhanced marketing initiatives. At Mondelez, he served as Head of Omni Channel, where he scaled e-commerce and modern trade capabilities, emphasizing data analytics, content, and activation. His efforts delivered sustained growth for the channel. During his tenure at Flipkart, Siddhartha played a key role in refining the Grocery BU strategy, focusing on pricing, assortment, merchandising, and performance marketing, contributing significantly to Flipkart’s success in the grocery segment.  

In his new role at NIVEA India, Siddhartha will lead the company’s e-commerce initiatives, leveraging digital opportunities to strengthen consumer connections and drive growth in the online skincare market.  

Geetika Mehta, Managing Director of NIVEA India stated, “We warmly welcome Siddhartha Juneja to the NIVEA family. His deep understanding of e-commerce and omni-channel strategies will help us accelerate NIVEA's digital transformation and strengthen our connection with consumers in the ever-evolving online space. With his leadership, we are confident that NIVEA India will continue to thrive and innovate in the e-commerce landscape.”  

Siddhartha Juneja said, “I’m excited to join NIVEA India at such an exciting time for the brand. With its strong legacy and focus on digital innovation, my goal is to enhance NIVEA’s digital capabilities, expand our e-commerce footprint, and deliver superior online experiences to consumers, while deepening customer partnerships. I look forward to collaborating with the team to strengthen NIVEA’s presence in the e-commerce skincare market.”  

This appointment underscores NIVEA India’s commitment to digital transformation and its aim to maintain leadership in the retail and skincare sectors. Siddhartha’s experience and strategic vision are expected to drive the company’s growth in the competitive e-commerce landscape.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Adani Group Exits Adani Wilmar with $2 Bn Stake Sale
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Adani Group Exits Adani Wilmar with $2 Bn Stake Sale
 

Billionaire Gautam Adani’s conglomerate, Adani Enterprises Ltd (AEL), has announced its complete exit from the FMCG joint venture, Adani Wilmar Ltd (AWL). This decision entails selling its entire stake to its Singaporean partner, Wilmar International, through open market transactions. The total deal value is estimated to exceed $2 billion.

In an official statement, AEL confirmed the sale of a 31.06 percent stake to Wilmar International, its joint venture partner in AWL. To comply with the minimum public shareholding norms, the company will also offload an additional 13 percent stake in the open market. However, AEL did not disclose the price at which the shares will be sold.

“With this, AEL will fully exit Adani Wilmar Ltd,” the statement read. Additionally, the company announced that the nominee directors representing Adani on AWL’s board would step down following the transaction.

The move represents a strategic decision for Adani Enterprises, signaling a shift in focus as the conglomerate continues to align its business portfolio with long-term objectives. The joint venture, a leading player in the FMCG sector, is known for its flagship brand "Fortune" and other edible oils and food products.

This exit underscores the group's commitment to meeting regulatory requirements while providing Wilmar International with a more significant stake in the venture.

The transaction, set to be finalized by March 31, 2025, marks the end of Adani Enterprises’ involvement in the FMCG venture it established with Wilmar International. It also aligns with Adani’s broader business restructuring efforts amid ongoing market dynamics.

By exiting AWL, Adani Enterprises is poised to focus on other strategic areas, while Wilmar International gains a stronger foothold in the Indian FMCG sector.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Snapdeal Improves Margins with 88 Pc EBITDA Loss Reduction in FY24
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Snapdeal Improves Margins with 88 Pc EBITDA Loss Reduction in FY24
 

Snapdeal, one of India’s leading e-commerce platforms, has achieved a substantial reduction in losses for the fiscal year 2024 (FY24). The company reported a net loss of Rs. 160.38 crore, a significant improvement from Rs. 282.20 crore in FY23.

Its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) loss also saw a sharp 88 percent decline, falling to Rs. 16 crore in FY24 from Rs. 144 crore in the previous fiscal year. This improved financial performance is attributed to effective cost-cutting measures, which helped Snapdeal streamline its operations and enhance profitability.

Total expenditure for FY24 stood at Rs. 540.76 crore, marking a reduction from Rs. 687.93 crore in FY23. The company’s employee benefits expenditure decreased by 48.5 percent year-on-year (YoY) to Rs. 158.4 crore, down from Rs. 307.53 crore in FY23. Advertising expenses were also reduced by 23.5 percent YoY to Rs. 70.37 crore, further contributing to the improved financials.

On the revenue front, Snapdeal’s operating income witnessed a modest 2.1 percent YoY growth, reaching Rs. 379.76 crore in FY24 compared to Rs. 371.96 crore in FY23. However, revenue from market services, the largest contributor at Rs. 252.55 crore, declined by 9.6 percent YoY. In contrast, enablement income rose by 14.8 percent YoY to Rs. 103.36 crore, while income from other sources surged eightfold to Rs. 23.85 crore.

In line with its strategic initiatives, Snapdeal reduced its stake in Unicommerce, raising Rs. 33 crore from the secondary sale of a 3.4 percent stake in May-June 2024. Additionally, the company raised Rs. 81 crore through the sale of a 9.2 percent stake during Unicommerce’s IPO in August 2024.

Founded in 2010, Snapdeal has been a key player in India’s e-commerce sector, focusing on value-conscious customers. Over the past 14 years, it has served more than 100 million online shoppers, cementing its position in the competitive market.

Snapdeal’s cost-saving measures, coupled with its strategic investments, highlight its commitment to strengthening its foothold in India’s burgeoning e-commerce landscape.

 
Next Story
Popular Articles
Retail & Business
Madhusudan Masala Stock Hits New Peak in Competitive FMCG Sector
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Madhusudan Masala Stock Hits New Peak in Competitive FMCG Sector
 

Madhusudan Masala, a microcap company in India’s FMCG sector, achieved an all-time high stock price on December 30, 2024. The stock’s performance mirrors broader trends within the retail and FMCG market, reinforcing its stable market position.  

The company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend across short- to long-term performance metrics. Over the past year, Madhusudan Masala’s stock has increased by 71.93 percent, significantly outpacing the Sensex, which recorded an 8.82 percent increase during the same period.  

MarketsMOJO has issued a 'Hold' recommendation for Madhusudan Masala, indicating a measured outlook on its current valuation. Despite its notable growth, the recommendation suggests cautious optimism as the company continues to navigate India’s competitive retail and FMCG environment.  

The company’s achievements over the past year underscore its potential and resilience in the evolving Indian market. Its consistent performance highlights the growing opportunities within the retail and FMCG sector.  

 
Next Story
Popular Articles
Retail & Business
Ganesh Consumer Products Files for IPO to Strengthen Retail and Manufacturing Presence
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Ganesh Consumer Products Files for IPO to Strengthen Retail and Manufacturing Presence
 

Ganesh Consumer Products Ltd, a leading FMCG company in eastern India, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The move is expected to support the company’s retail and manufacturing expansion plans in India.  

The IPO will include a fresh issue of shares valued at up to Rs 130 crore and an offer-for-sale (OFS) of 12.44 million equity shares by promoters and existing investors, as per the company’s filing. Each share will have a face value of Rs 10.  

The company is also considering a pre-IPO placement of equity shares worth Rs 26 crore, which, if executed, will reduce the size of the fresh issue.  

Proceeds from the fresh issue will be allocated to multiple purposes, including prepayment of Rs 50 crore in debt, capital expenditure of Rs 50 crore for establishing a new manufacturing unit in Darjeeling, West Bengal, and general corporate expenses.  

Founded in 1936, Ganesh Consumer Products is a prominent player in packaged wheat-based products. Its portfolio includes 42 products across 215 stock-keeping units (SKUs), distributed through over 70,000 retail outlets, modern trade stores, and e-commerce platforms.  

The company operates seven manufacturing facilities located in West Bengal, Uttar Pradesh, and Telangana, supporting its widespread distribution network. The IPO marks a significant step in Ganesh Consumer Products’ strategy to enhance its retail footprint and manufacturing capabilities in India.

 
Next Story
Popular Articles
Retail & Business
Kevin Pietersen Joins Ardent Alcobev as Investor and Brand Ambassador
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Kevin Pietersen Joins Ardent Alcobev as Investor and Brand Ambassador
 

Former England cricketer Kevin Pietersen has joined hands with Ardent Alcobev as both an investor and brand ambassador. The company announced the partnership on Friday while unveiling its latest offering, a luxury blended Scotch whisky, Dram Bell, which debuted in Maharashtra in November 2024.

Debashish Shyam, Co-Founder and director at Ardent Alcobev, stated, "With Kevin Pietersen as both an investor and brand ambassador, we are confident it will appeal to whisky enthusiasts and connoisseurs alike. As the Indian market increasingly leans towards premiumization, we strive to transform the whisky category by presenting a blend that merges international standards with local tastes while tapping into the growing base of IMFL drinkers."

Ardent Alcobev is focusing on offering 'bottled-in-origin' products that align with global craftsmanship standards, catering to India's evolving preference for premium spirits.

Kevin Pietersen shared, "I'm truly honored to be a part of Ardent Alcobev as an investor. Ardent's unwavering commitment to quality and craftsmanship resonates with my personal values in both life as well as cricket. We also encourage drinking responsibly, for enjoyment, and not for excessive consumption, ensuring that everyone can savour the experience in moderation."

The company revealed that Dram Bell is currently available through select retail and on-trade outlets in Maharashtra, with plans to expand distribution to key markets across North and South India.

 
Next Story
Popular Articles
Retail & Business
Sexual Wellness Products Gain Popularity on Swiggy Instamart, Bengaluru Tops Sales
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Sexual Wellness Products Gain Popularity on Swiggy Instamart, Bengaluru Tops Sales
 

Swiggy Instamart has revealed intriguing insights into India’s changing shopping habits, showcasing a rising demand for sexual wellness products, including condoms, on quick commerce platforms. In a recent post, the platform highlighted that “1 in every 140 orders included a sexual wellness product,” putting these items in the spotlight alongside everyday staples like milk, curd, and chips.

The data revealed that condoms have achieved star status on Swiggy Instamart, ranking alongside top-selling items such as dosa batter, masala chips, and soft drinks. Bengaluru emerged as the top spender on sexual wellness products in 2024, leading this new trend.

Late-Night Shopping Spikes
Late-night purchases saw a significant rise, with the highest volume of orders recorded between 10 PM and 11 PM. Popular items during these hours included masala-flavored chips, Kurkure, and flavored condoms. Cities like Delhi, Hyderabad, and Bengaluru dominated the late-night shopping trend.

Top Spenders and Big Purchases
Delhi and Dehradun were identified as the biggest spenders on Swiggy Instamart in 2024, with essentials like atta, milk, and oil topping their lists. On the other hand, a Mumbai customer made headlines with an extraordinary spend of ₹15 lakh on pet products, primarily cat and dog food.

Swiggy Instamart’s data highlights a shift in consumer preferences, indicating a move beyond traditional staples to include more diverse and unconventional purchases, reflecting evolving lifestyles and shopping habits in India.

 
Next Story
Popular Articles
Retail & Business
Quick Commerce Ad Spend Surpasses Rs 1,000 Crore Annually
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Quick Commerce Ad Spend Surpasses Rs 1,000 Crore Annually
 

India's quick commerce market is witnessing unprecedented growth, driven by major players like Zepto, Blinkit (owned by Zomato), and Swiggy Instamart. These companies have capitalized on strategies such as promoting high-ticket products, refining discount structures, expanding dark store networks, and optimizing brand portfolios. Industry giants Amazon, Flipkart, and Myntra have also joined the race, emphasizing ultra-fast delivery to meet rising consumer demand.

Flipkart’s quick delivery service, 'Minutes,' and Amazon’s 'Tez,' slated for launch early next year, highlight the e-commerce sector's growing focus on speed. Additionally, hyper-local e-commerce player Magic has ventured into food delivery with its 'magicNOW' service.

Quick commerce players are heavily investing in advertising to secure their market positions. Zepto allocated Rs 303 crore for advertising in FY24, up from Rs 215.82 crore the previous year. This contributed to the sector's ad revenue surpassing Rs 1,000 crore annually, averaging Rs 83 crore per month.

Zomato-owned Blinkit increased its marketing expenditure to Rs 191 crore in 2024, reporting over Rs 400 crore in ad revenue and projecting it to exceed Rs 1,000 crore this fiscal year. While Swiggy Instamart's individual figures are undisclosed, its parent company Swiggy spent Rs 1,850 crore on advertising and promotions in 2024.

BigBasket’s quick delivery arm, BBNow, shifted from slotted to faster deliveries, investing Rs 385.12 crore in ads in 2023.

According to Redseer Strategy Consultants, India’s quick commerce market is projected to grow by 75-85 percent in FY25, with a Gross Merchandise Value (GMV) of $6 billion. Monthly Transacting Users (MTUs) are expected to increase spending by 20 percent, driven by rising consumer trust and habitual use of these platforms.

 
Next Story
Popular Articles
Retail & Business
Godrej Industries Group Appoints Dhruv Talwar as Associate Vice President of Corporate Brand and Communication
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Godrej Industries Group Appoints Dhruv Talwar as Associate Vice President of Corporate Brand and Communication
 

Godrej Industries Group has appointed Dhruv Talwar as its Associate Vice President of Corporate Brand and Communication. Talwar shared the announcement on LinkedIn, marking a significant milestone in his professional journey.

With over a decade of experience in integrated marketing, Talwar brings a wealth of expertise in areas such as brand strategy, corporate branding, employer branding, marketing communication, digital marketing, content marketing, and consumer insights.

The move underscores Godrej Industries Group’s commitment to strengthening its brand and communication strategies as it continues to innovate and expand its reach.

 
Next Story
Popular Articles
Retail & Business
Godfrey Phillips India Appoints Siddharth Chawla as COO
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Godfrey Phillips India Appoints Siddharth Chawla as COO
 

Godfrey Phillips India has announced the appointment of Siddharth Chawla as Chief Operating Officer (COO) and senior management personnel, effective January 7, 2025, or a mutually agreed date. The decision was approved by the company's Nomination and Remuneration Committee. This development comes as the company strengthens its leadership amid ongoing developments in its retail division in India.

Chawla brings nearly 24 years of experience in senior management and leadership roles. He began his career as a management trainee at FMCG major ITC in 2001, eventually serving as the business head for North India before leaving the company in 2019. Subsequently, he worked as the business head for non-essentials at e-commerce startup Udaan for three years and, most recently, as Chief Growth Officer at Pharmarack Technologies, India’s largest e-B2B commerce platform for the pharmaceutical sector.

In his previous roles, Chawla has been instrumental in developing go-to-market strategies, launching new business categories, and managing large teams in complex operational environments.

In a separate update, Godfrey Phillips India addressed its Retail Business Division’s legal dispute concerning the use of the 24Seven trademarks. The company has ceased using the trademarks, and plaintiffs have filed a legal claim seeking royalties, interest, and damages for their usage between June 2005 and August 31, 2024. The plaintiffs demand royalty equivalent to 7 percent of the Retail Business Division’s total sales revenue during the period, with 18 percent annual interest and damages amounting to Rs 2 crore.

Godfrey Phillips India maintains that no royalty is payable and is confident of defending its position, citing internal assessments and legal advice. The company also stated that the claim is unlikely to have any material financial impact. The company operates across multiple sectors, including manufacturing and trading of cigarettes, tobacco, and related products; distribution of vaping products; trading of tea and other retail items; acquisition of securities; and real estate development.

In financial updates, Godfrey Phillips reported a 22.9 percent increase in consolidated net profit to Rs 248.33 crore in Q2 FY25, with net sales rising 19.3 percent to Rs 1,372.86 crore compared to the same quarter last year. The company’s shares saw a marginal rise of 0.25 percent, closing at Rs 5,078.45 on the BSE.

 
Next Story
Popular Articles
Retail & Business
Reliance Retail Partners with Consumer Affairs Ministry on National Consumer Day
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Reliance Retail Partners with Consumer Affairs Ministry on National Consumer Day
 

Reliance Retail Limited has collaborated with the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, to reinforce its commitment to consumer safety and trust in India’s retail ecosystem. The announcement was made during a pledge-signing ceremony held to mark National Consumer Day.

The event was attended by Pralhad Joshi, Minister of Consumer Affairs, Food and Public Distribution; B L Verma, Minister of State for Consumer Affairs; and Nidhi Khare, Secretary of the Department of Consumer Affairs. Representing Reliance Retail, Ravi Gandhi, President and Chief Public Policy & Regulatory Officer, signed the pledge, which extends across Reliance platforms such as JioMart, AJIO, Reliance Digital, and Netmeds.

“At Reliance Retail, consumer safety is integral to our mission. By signing this pledge, we strengthen our resolve to create a safe, compliant, and trustworthy e-commerce ecosystem that benefits millions of customers nationwide,” said Ravi Gandhi.

National Consumer Day, observed annually on December 24, emphasizes the importance of consumer rights in India's economic framework. Reliance Retail’s involvement in the initiative highlights its ongoing efforts to prioritize consumer interests and maintain high product safety standards.

Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Limited, operates a widespread omnichannel network comprising 18,918 stores and digital platforms in Grocery, Consumer Electronics, Fashion & Lifestyle, and Pharma. With a registered customer base exceeding 316 million, the company reported a consolidated turnover of Rs 306,786 crore and a net profit of Rs 11,101 crore for the fiscal year ending March 31, 2024.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Haier Appliances India Set to Cross $1 Bn Revenue Milestone in 2024
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Haier Appliances India Set to Cross $1 Bn Revenue Milestone in 2024
 

Haier Appliances India is on track to achieve a revenue milestone of $1 billion in 2024, driven by a strong summer, festive season, and the ongoing trend of premiumization. The company is aiming for Rs 11,500 crore in revenue in 2025, according to its President, NS Satish, who made the announcement on Thursday.

Having already invested Rs 2,500 crore in India, Haier plans to establish its third manufacturing facility in the southern region, with the location currently being finalized, Satish revealed.

“2024 has been one of the best years we ever had, with a growth of 35 percent. We will be a one billion company this year. Next year our target is Rs 11,500 crore. He expressed confidence that the company will close 2024 with a revenue of Rs 8,900 crore.

Haier Appliances India follows a January-December financial year cycle.

“This year, all the categories have done extremely well. With the focus on LED and washing machines, those two categories have done very well, and they pulled up,” Satish said. He also mentioned that the premiumization trend has led to an increase in the average selling price (ASP).

In addition, Satish highlighted that this growth marks the fastest expansion in the appliances sector.

Commenting on the Indian market, Satish noted that its penetration remains relatively low compared to other markets, presenting a “huge opportunity.” Haier has addressed this potential by aligning its products to local needs.

The company is also focused on a strong 2025 roadmap, which includes India-specific innovations and differentiated products in categories such as refrigerators, washing machines, air-conditioners, LED TVs, and more.

“We try to bring out some innovations in the products which are usable by the customers” with a special focus on improving after-sales service infrastructure, he said.

Haier is also diversifying into commercial air conditioning and kitchen appliances, both of which have experienced rapid growth in recent years.

Discussing the developments in these new segments, Satish explained: “We are still setting up our basic infrastructure in terms of the manufacturing of these products, after-sales and everything because these products need after sales which has to be good.”

Currently, Haier has manufacturing units in Pune and Greater Noida, and is now exploring the possibility of a third facility in the southern part of India.

“We have already started looking for the third manufacturing plant in India. That could be in the southern area only… That would be operational in 2026 or 2027,” Satish said, adding, “We have just started scouting for the land. Discussions and proposals are getting ready.”

The new facility will primarily serve the domestic market but will also cater to export opportunities.

Regarding the investment for the new plant, Satish stated that it is still in its early stages, with discussions ongoing.

In addition, Haier is expanding its Greater Noida plant, with new phase II facilities focusing on backward integration, injection moulding, and sheet production.

India ranks as the third-largest market for Haier Group globally, following China and the US. The company competes in the Indian market with brands such as Samsung, Panasonic, Whirlpool of India, and Bosch, as well as homegrown manufacturers like Godrej Appliances, Bajaj Electricals, and Voltas.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Jubilant Food Inks Deal with Coca-Cola, Strengthens Beverage Lineup
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Jubilant Food Inks Deal with Coca-Cola, Strengthens Beverage Lineup
 

Indian quick-service restaurant operator Jubilant Food Ltd (JFL) has signed a memorandum of understanding (MoU) with Coca-Cola to source and market sparkling beverages and other products. The announcement was made on Thursday, marking a strategic shift for JFL, which had partnered with PepsiCo since 2018 for beverage services across its restaurant chains, including Domino's Pizza.

The decision follows Jubilant Bhartia Group’s recent acquisition of a 40 percent stake in Hindustan Coca-Cola Beverages, the Indian bottling arm of Coca-Cola, in a deal valued at approximately Rs 10,000 crore. This move strengthens the group’s association with Coca-Cola and aligns with its broader strategic objectives.

As per the regulatory filing, the MoU outlines the primary terms for JFL to purchase a portfolio of Coca-Cola’s sparkling beverages and other products from authorized bottlers. Additionally, JFL will undertake marketing activities to promote Coca-Cola’s offerings.

JFL operates an extensive network of 3,130 stores across six markets, including India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia. Alongside its flagship Domino’s Pizza chain, the company holds franchise rights for global brands like Popeyes and Dunkin'. It has also developed homegrown brands such as Hong’s Kitchen, an Indo-Chinese quick-service restaurant in India, and COFFY, a café brand in Turkey.

The partnership with Coca-Cola is expected to enhance JFL’s beverage portfolio while enabling Coca-Cola to strengthen its presence across JFL’s vast restaurant network. Speaking about the collaboration, JFL emphasized its commitment to delivering value and convenience to customers, leveraging Coca-Cola’s iconic brand and robust product offerings.

This development is seen as a significant milestone, reflecting JFL’s focus on aligning with leading global brands to drive growth and innovation in the quick-service restaurant industry.

 
Next Story
Popular Articles
Retail & Business
Archies Expands Retail Presence to the GCC Market
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Archies Expands Retail Presence to the GCC Market
 

Archies has announced its entry into the GCC retail market through a partnership with Al Hasnae Gifts, marking a new chapter in the company’s international operations. The move establishes Archies’ presence in the UAE and sets the stage for further expansions into Oman, Saudi Arabia, and Bahrain, strengthening its foothold in the Middle East.

Varun Moolchandani, Executive Director of Archies said, “We are delighted to join hands with Al Hasnae Gifts for our GCC expansion. This partnership marks a significant step in our journey to spread joy and strengthen emotional connections through thoughtful gifting.” Moolchandani further highlighted the potential of the GCC market, stating, “The GCC region is a dynamic market with immense potential, and we are excited to bring Archies’ signature gifting range to a new audience. We are pleased that the NRI community can now rediscover the nostalgia of Archies and exchange heartfelt gifts, especially during festivals, which hold such deep significance for them. We anticipate generating AED 7–8 million in revenue during the first year of this collaboration.”

Archies’ products are now available through prominent retail networks in the GCC, facilitated by the partnership with Al Hasnae Gifts, a well-known name in the regional gifting industry. Key retail platforms include Carrefour (MAF Retail), ADCOOP outlets in Abu Dhabi and Al Ain, and Union Co-op locations in Dubai. The partnership also supports Archies’ presence across leading omnichannel retail platforms.

With plans to expand into Oman, Saudi Arabia, and Bahrain, Archies aims to provide a wide range of high-quality gifting solutions. The collaboration ensures an efficient supply chain, improved market reach, and a seamless shopping experience for customers across in-store and online channels.

Archies Limited has been a key player in the gifting and social expression sector for over 45 years. The company offers a diverse range of products, including greeting cards, photo albums, jewellery, gift hampers, perfumes, and stuffed toys. With 325 exclusive outlets across 15 states and 66 cities in India, Archies has developed a strong distribution network comprising retailers and franchisees in prime retail locations.

As the company expands its footprint into the GCC region, it aims to cater to a broader audience while maintaining its legacy of offering thoughtful gifting solutions.

 
Next Story
Popular Articles
Retail & Business
FRAI Calls for Government Support to Empower Kirana Stores in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
FRAI Calls for Government Support to Empower Kirana Stores in India
 

The Federation of Retailer Association of India (FRAI), representing 80 lakh micro, small, and medium retailers across the country through 42 retail associations, recently organized an event in New Delhi. The discussion centered on the pressing need for government-provided technological support to empower Kirana stores to compete effectively in India’s evolving retail landscape. The rise of quick commerce platforms like Swiggy Instamart, Blinkit, and Zepto has intensified competition, putting traditional Kirana stores at risk.

Retailers at the event called for a government-backed technology platform, enabling them to compete on an equal footing with quick commerce players. Highlighting shifts in consumer preferences towards faster deliveries and competitive pricing, the retailers expressed their readiness to embrace technology, improve efficiency, and offer enhanced services. They also stressed that without government intervention, small retailers would struggle to compete with the deep resources of larger e-commerce firms.

The proposed platform could function like an Uber-style system, allowing customer orders to be allocated to the nearest Kirana store that accepts them. Retailers also recommended a rating system to encourage better customer service. However, they emphasized that major quick commerce players should not participate in such a platform, as their extensive resources could undermine the initiative's purpose.

FRAI underscored the existential threat posed by organized players and quick commerce platforms to traditional Kirana stores. These stores, already reeling from financial challenges over the past few years, are facing further strain due to rising inflation and changing consumer behavior. FRAI highlighted the critical need to protect the livelihoods of millions of retailers, whose businesses are on the brink of closure.

Praveen Khandelwal, Member of Parliament, said, “Our honourable Prime Minister Narendra Modi has always had the best interests and admiration for the small traders in his heart. The government, under his leadership, is fully attuned to the challenges faced by small retailers and is committed to addressing their needs. I also fully understand the difficulties that Kirana stores are facing due to the rise of quick commerce players. These platforms are pushing near-expired goods, stale fruits and vegetables, and engaging in deep discounting and predatory pricing, all while operating through dark stores. We will take up these issues in the Parliament and beyond to ensure that such practices are addressed and that Kirana stores are protected."

The event also saw concerns raised about the growing presence of dark stores—warehouses located in densely populated areas to enable ultra-fast deliveries. According to Shri Gulab Khoda, Joint Secretary, FRAI, "The kind of products stored by these dark stores are similar to those that are found in the Kirana store. But the quick delivery or discounts offered by the quick commerce players cannot be matched by the local grocery store. Indeed, the dark stores are creating a situation where the future of Kirana stores is looking very dark."

Retailers argued that the pricing strategies of quick commerce giants, backed by significant resources, create an unfair advantage. These large players rely on deep discounts funded by substantial capital reserves, leaving smaller businesses unable to compete. Additionally, many of these players are foreign-funded, raising concerns about the destabilization of India’s Kirana ecosystem and the potential loss of self-employment opportunities.

Abhay Raj Mishra, Member and National Coordinator of the Indian Sellers Collective and Honorary Spokesperson for FRAI, remarked, “The technology support that the retailers are requesting can easily be created or facilitated by the government. Over the years, the present government has been a pioneer in providing citizens with essential services through technology by introducing world-first innovations like Aadhaar and UPI. With new technologies brought in by the government, like ONDC (Open Network for Digital Commerce), what is now required is a more focused approach in creating a specific solution for Kirana stores that makes them as discoverable and accessible to customers, much like the way quick commerce companies are operating.”

The event concluded with an urgent appeal to the government to intervene and protect the unique entrepreneurial culture of India’s Kirana stores, which have long thrived by fostering community relationships and catering to local needs. Retailers warned that allowing quick commerce and larger e-commerce players to dominate the market could result in the irreversible loss of these traditional businesses.

FRAI's event served as a platform to highlight the immediate need for regulatory and technological measures to ensure the survival of Kirana stores in India’s rapidly transforming retail sector.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Malabar Gold & Diamonds Launches First Showroom in Amritsar
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Malabar Gold & Diamonds Launches First Showroom in Amritsar
 

Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, has marked a significant milestone in its expansion journey with the opening of its first showroom in Amritsar. Located at 14th Mall Road, White Avenue, the 4,000 sq. ft. showroom was inaugurated in a grand ceremony by Om Prakash Soni, Former Deputy Chief Minister of Punjab.

The showroom offers an impressive collection of gold, diamond, and gemstone jewellery, showcasing the brand’s exclusive lines, including Mine diamond jewellery, Ethnix handcrafted designs, and Precia gemstone collections. Adding to its appeal, the store features a dedicated bridal arena that boasts over 30,000 jewellery designs, catering to diverse needs from elaborate bridal and solitaire pieces to lightweight jewellery suitable for daily wear.

To commemorate the launch, Malabar Gold & Diamonds has introduced a range of attractive offers for its customers. These include up to 25 percent off on making charges for gold and diamond jewellery, and a flat 25 percent discount on gemstone and uncut jewellery. The promotional offers aim to provide customers with greater value while enhancing their shopping experience.

Established in 1993, Malabar Gold & Diamonds has grown to become a global leader in the jewellery industry. The brand operates a vast network of over 370 showrooms across 13 countries, complemented by multiple offices, design centres, wholesale units, and manufacturing facilities spread across India, the Middle East, the Far East, the USA, the UK, Canada, and Australia.

This new showroom is a testament to Malabar Gold & Diamonds’ commitment to delivering exceptional quality, craftsmanship, and customer service. The luxurious space and exclusive offerings ensure a comprehensive shopping experience, meeting the varied preferences of jewellery enthusiasts in Amritsar and beyond. With its emphasis on innovation and tradition, Malabar Gold & Diamonds continues to set benchmarks in the global jewellery market.

 
Next Story
Popular Articles
Retail & Business
New Balance Expands Made in USA and UK Collection in India
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
New Balance Expands Made in USA and UK Collection in India
 

New Balance has introduced its premium Made in USA and Made in UK collections in India, now available at its retail stores on Linking Road, Mumbai, and Brigade Road, Bengaluru. With its growing presence in India, the brand is focusing on showcasing its craftsmanship and cultural heritage through this collection.

The Made collection combines advanced technology with timeless design, reflecting New Balance’s independent ethos. Manufactured in five USA factories and one in the UK, this line emphasizes the importance of quality materials and meticulous craftsmanship, ensuring each shoe meets high standards of durability and style.

The Made in USA collection, with a legacy spanning over 75 years, represents American craftsmanship. Teddy Santis, founder of lifestyle brand Aime Leon Dore, serves as the Creative Director for its seasonal collections, bringing innovation and heritage to designs like the iconic 990 v6 shoes. Available in five colorways—Grey, Navy with White, Black with White, Sulphur, and Grey Black—these models remain a symbol of style and quality.

Since 1982, the Made in UK collection has been a testament to New Balance’s innovation and craftsmanship. Featuring a modernized profile with materials like pigskin suede and mesh, it incorporates FuelCell cushioning for added comfort. This line includes the 991 model in six colorways, such as Black with Smoked Pearl and Silver, Dove with Alloy and Silver, and Coco Mocca with Off White.

By offering these collections in India, New Balance is strengthening its retail presence and providing consumers access to high-quality, heritage-inspired footwear.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Powerlook Expands Offline Retail Presence with Five New Stores
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Powerlook Expands Offline Retail Presence with Five New Stores
 

Fashion brand Powerlook is strengthening its offline retail footprint with the opening of five new stores across three key states. This expansion aligns with the brand’s ambitious growth strategy to scale its physical presence to 15 stores and achieve a 50 percent increase in revenue, aiming for Rs. 150 crore by the end of March 2025.

The newly launched stores are strategically located in Ghatkopar, Mumbai (Maharashtra), Vadodara and Surat (Gujarat), and Bengaluru (Karnataka). Together, they add a combined retail space of 30,000 sq. ft. to the brand’s portfolio, enhancing accessibility for customers in these regions. “With the opening of these stores, Powerlook now operates in 13 locations across four states,” shared Raghav Pawar, co-founder of Powerlook.

Primarily recognized for its strong online presence across e-commerce platforms, Powerlook is leveraging its growing brand recognition to expand offline. The company views physical stores as a vital component of its strategy to engage with customers directly and deliver a personalized shopping experience.

“We aim to expand our network to 15 stores by the end of this fiscal year. Sales have grown by 25-30 percent after each store opening, demonstrating that our expansion strategy is well-executed and result-driven,” noted pawar.

Powerlook, a go-to brand for men’s fashion, is also eyeing substantial growth in its revenue. The company is targeting Rs. 150 crore in the current fiscal year, a significant jump from ₹100 crore in the previous financial year.

The brand’s focus on offline expansion comes at a time when the Indian retail market is witnessing a resurgence in demand for in-store experiences. By combining its robust online presence with a growing retail network, Powerlook aims to cater to its loyal customer base while attracting new shoppers.

This expansion reflects Powerlook’s commitment to staying ahead in India’s dynamic fashion industry, where competition is fierce, and innovation is key to sustaining growth. With its well-executed strategy, the brand is positioning itself as a formidable player in the men’s fashion segment.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Popees Baby Care Announces Major Expansion with New Stores in India and UAE
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Popees Baby Care Announces Major Expansion with New Stores in India and UAE
 

Popees Baby Care, a prominent retailer of baby care products, is set to open four new exclusive brand stores in Kerala, with two in Mukkam (Calicut) and Chavakkad (Thrissur) launching this week. The other two stores are scheduled to open by the end of the week.

As part of its ambitious growth strategy, the company plans to add 42 stores in FY 2026, bringing its total to 118 outlets. This expansion will span Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana, and include one store each in major metros and large cities across India. The initiative aims to position Popees as a leading national baby and childcare brand.

The company is also entering the international market with new showrooms in Abu Dhabi and Sharjah, located at Sahara Centre, Sharjah, and Dalma Mall, Abu Dhabi.

Shaju Thomas, Chairman & MD, Popees Group said, “We are delighted to celebrate two decades of our successful journey and five years of our retail journey. We would like to position our company as a retailer rather than a distributor, our share of retail revenues are going to be steadily increasing during the current year and years to come. Going forward, we will also add more stock-keeping units (SKUs) like footwear, and high-value toys like remote cars to explore their immense potential.”

Popees caters to children up to six years of age with a wide range of offerings. The product portfolio includes baby clothes, oils, soaps, wipes, and fabric wash, alongside toys, shampoos, lotions, and towels. A significant portion of the brand’s revenue is driven by its baby clothing line, which has become a cornerstone of its market success.

With this robust expansion plan, Popees aims to solidify its position as a leading name in the baby care industry, both nationally and internationally.

 
Next Story
Popular Articles
Retail & Business
Retail India News: Reliance Retail Partners with Consumer Affairs Ministry for Consumer Safety Pledge
BY - Indian Retailer Bureau
Sub Editor / 1 MIN READ
  • IR
  • IR
  • IR
Retail India News: Reliance Retail Partners with Consumer Affairs Ministry for Consumer Safety Pledge
 

Reliance Retail Limited has partnered with the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, reaffirming its commitment to consumer safety and trust, the company announced.

The pledge-signing ceremony, held in celebration of National Consumer Day, was attended by prominent dignitaries, including Pralhad Joshi, Hon’ble Minister of Consumer Affairs, Food and Public Distribution; B L Verma, Hon’ble Minister of State for Consumer Affairs; and Nidhi Khare, Secretary, Department of Consumer Affairs.

Representing Reliance Retail, Ravi Gandhi, President and Chief Public Policy & Regulatory Officer, signed the pledge on behalf of the company. The commitment extends across Reliance Retail’s platforms, such as JioMart, AJIO, Reliance Digital, and Netmeds. This move underscores the company’s focus on maintaining the highest product safety standards and fostering consumer confidence.

“At Reliance Retail, consumer safety is integral to our mission. By signing this pledge, we strengthen our resolve to create a safe, compliant, and trustworthy e-commerce ecosystem that benefits millions of customers nationwide,” said Ravi Gandhi.

National Consumer Day, observed annually on December 24, highlights the importance of consumer rights in India’s economic framework. Reliance Retail’s active participation in the pledge reinforces its dedication to safeguarding consumer interests while enhancing trust across its vast customer network.

Reliance Retail Limited (RRL), a subsidiary of Reliance Retail Ventures Limited (RRVL), operates an expansive omnichannel network, including 18,918 physical stores and multiple digital commerce platforms covering Grocery, Consumer Electronics, Fashion & Lifestyle, and Pharma. The company boasts a registered customer base of over 316 million and reported a consolidated turnover of Rs. 306,786 crore, along with a net profit of Rs. 11,101 crore, for the fiscal year ending March 31, 2024.

 
Next Story
Popular Articles
Also Worth Reading
Explore By Industry
Retail and Business
RETAIL & BUSINESS
Food - Indian Retailer
FOOD
Fashion
FASHION & BEAUTY
TECH and E-COMMERCE
TECH & E-COMMERCE

Copyright © 2009 - 2025 Franchiseindia.com Ltd