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

Godrej Enterprises Group (GEG), a diversified engineering and design-led conglomerate, has launched a refreshed brand identity aimed at unlocking new worlds for its customers and stakeholders. The updated visual identity honors GEG’s rich legacy while reflecting its commitment to contributing to the vision of Viksit Bharat by 2047 through design-led innovation, enhancing consumer experiences, and promoting sustainable choices.

Jamshyd Godrej, Chairman and Managing Director of Godrej Enterprises Group, stated, “The key to our sustained growth has been our ability to always remain relevant to India’s development needs and the brand refresh reflects our quest to continually reinvent ourselves. Our aspiration is to unlock greater value for customers by delivering solutions and experiences that positively impact lives. And while our core remains rooted in high quality and complex engineering, our brand must remain dynamic and meet the aspirations of our customers.”

The refreshed identity creates a cohesive and unique presence for all businesses under the Godrej Enterprises Group umbrella. The new design introduces a bold purple color while retaining the cursive logo, inspired by the signature of founder Pirojsha Godrej, symbolizing the brand’s dedication to quality and trust. The purple color represents dynamism, confidence, and GEG’s ambition to lead with sustainable innovation and engineering excellence. Simplifying the palette from three colors to one ensures greater consistency and synergy across its operations.

Nyrika Holkar, Executive Director of Godrej Enterprises Group, emphasized, “The new brand identity is more than just a change of color, it embodies dynamism and blends authenticity with our ambition to redefine consumer experiences by leveraging design-led innovation and service differentiation.”

The campaign, featuring a brand film, pays tribute to GEG’s first product—the iconic springless lock—celebrating curiosity, problem-solving, and resilience, qualities exemplified by children. This rebranding aligns with GEG’s 127-year history of reinventing itself to stay relevant in a changing world. The campaign was created by Lowe Lintas and directed by Katie Bell.

L’Oréal India reported a slight decrease in profit for FY24, with a net income of Rs 487.46 crore, down from Rs 488.35 crore in the previous fiscal year. However, the company saw a solid 12.6 percent increase in revenue from operations, which reached Rs 5,576.47 crore, according to a filing with the Registrar of Companies (RoC).

The company’s total income, including other income, rose by 13.83 percent to Rs 5,684.60 crore for the financial year ending March 31, 2024. In FY23, its total income was Rs 5,000.68 crore, with revenue from operations standing at Rs 4,952.55 crore.

In terms of expenses, L'Oréal India's "advertising and promotional expenses" grew by 23.7 percent to Rs 1,714.54 crore in FY24, up from Rs 1,385.74 crore in the previous year. Additionally, the royalty paid to its French parent company increased by 16.3 percent to Rs 265.16 crore from Rs 228.05 crore in FY23.

L'Oréal India, a subsidiary of the French multinational L'Oréal SA, which holds a 99.99 percent stake, recorded total expenses of Rs 5,022.87 crore, marking a 16.56 percent increase from the previous fiscal year.

Revenue from product sales climbed 14 percent to Rs 5,368.52 crore, compared to Rs 4,711.96 crore in FY23. Revenue from services such as contract research and innovation was Rs 203.32 crore.

Operating in India since 1994, L’Oréal India now boasts a portfolio of 13 brands, including L’Oréal Paris, Garnier, Maybelline New York, and NYX Professional Makeup, available across mass-market channels. It also has a presence in hair and beauty salons, selective distribution, and pharmacy channels through brands like L’Oréal Professionnel, Kérastase, Lancôme, and CeraVe.

Meena Bazaar, a renowned Delhi-based ethnic wear retailer, has announced a strategic partnership with AI-powered retail intelligence platform Sociometrik and real estate firm Agprop to integrate artificial intelligence into its operations. This collaboration aims to leverage cutting-edge technology to enhance Meena Bazaar's retail expansion and operational efficiency, as revealed in a press release on Thursday.

Through this partnership, Meena Bazaar plans to utilize AI-driven solutions for data-backed site selection, which will incorporate city-wide heatmaps offering valuable insights into socioeconomic and demographic trends. The AI integration will help the brand identify optimal retail clusters, predict revenue potential using machine learning models, and align the store's specific requirements with available property listings.

Shivek Aggarwal, Founder of Agprop stated, “This collaboration is all about AI-driven retail expansion, combining decades of legacy with cutting-edge technology and data science to scale like never before. From smarter store locations to enhanced customer insights, this partnership is the blueprint for the next era of retail growth.”

Founded in 1970 by Suresh and Vishnu Manglani, Meena Bazaar started as a small store in Chandni Chowk, focusing on printed sarees. Over the years, it has grown to become one of India's leading ethnic wear retailers, offering a range of traditional clothing such as lehengas, kurta sets, sarees, and suits. The brand now operates more than 70 outlets across India and the United States.

As part of its future growth plans, Meena Bazaar aims to expand its footprint significantly. According to its official website, the company is targeting over 250 exclusive brand outlets (EBOs) by 2025, further cementing its position as a leading player in the ethnic wear market.

With the integration of AI, Meena Bazaar is poised to enhance its retail strategy, making smarter decisions that will help fuel its rapid expansion and bring a more personalized shopping experience to its customers.

Japanese fashion retailer UNIQLO has officially launched its 15th store in India at Pacific Mall, Tagore Garden, New Delhi. The announcement highlights the brand’s ongoing expansion in India, particularly in the Delhi NCR region. This opening is part of UNIQLO’s strategic growth plan to make its signature LifeWear collection more accessible to Indian consumers.

The launch coincides with UNIQLO’s Arigato Festival, a special festive event running from 29 November to 5 December, featuring exclusive prices, gifts, and engaging activities. Customers visiting the store during this period can participate in interactive in-store activities, enter lucky draws to win guaranteed prizes and receive complimentary tumblers with purchases exceeding Rs 10,000. These initiatives aim to enhance customer engagement and celebrate the brand's growing presence in India.

“We are delighted to bring our LifeWear to more people through the opening of UNIQLO Pacific Mall Tagore Garden, our ninth store in Delhi NCR, continuing our commitment to offering innovative, high-quality apparel that enhances the everyday lives of our customers,” said Kenji Inoue, CFO & COO, UNIQLO India. 

UNIQLO, a flagship brand of Fast Retailing Co., Ltd., is known globally for its high-quality, functional, and minimalist clothing. Headquartered in Tokyo, Japan, Fast Retailing operates several other brands, including GU, Theory, PLST, Comptoir des Cotonniers, Princesse tam.tam, J Brand, and Helmut Lang. UNIQLO remains the largest and most prominent brand in the group, recognized for its LifeWear philosophy, which prioritizes functionality, sustainability, and comfort.

The brand entered the Indian market in September 2019 with the opening of its first store at Ambience Mall, Vasant Kunj, New Delhi. Over the years, it has rapidly expanded its footprint, operating stores in cities such as Mumbai, Chandigarh, Faridabad, Lucknow, Dwarka, and Zirakpur. With the addition of the Pacific Mall Tagore Garden outlet, UNIQLO now operates nine stores in the Delhi NCR region alone, demonstrating its strong focus on this key market.

The launch of this new store and the Arigato Festival underscores UNIQLO’s commitment to engaging with Indian customers by offering innovative, high-quality apparel and creating immersive shopping experiences. As the brand continues to grow its presence in the country, it remains focused on strengthening its connection with Indian consumers through its globally celebrated LifeWear collection.

Honasa Consumer Limited, the parent company of prominent beauty and personal care brands in India such as Mamaearth, The Derma Co., Aqualogica, Bblunt, Dr. Sheth's, and Staze Beauty, has announced the elevation of Vipul Maheshwari to Senior Vice President - Product and Data Analytics. This appointment reflects Honasa’s commitment to leveraging data-driven strategies to drive innovation and growth in the retail and personal care sectors in India.  

Vipul, who has been with Honasa for four years, brings extensive expertise in analytics and data science, managing the complete data lifecycle from collection to analysis. His efforts have been instrumental in implementing data-driven frameworks that monitor business performance and address challenges proactively. In his new role, Vipul will focus on integrating advanced analytics into product development, aiming to enhance the brand portfolio’s offerings.  

Varun Alagh, Co-Founder and CEO of Honasa Consumer Limited said, “Data-driven decision-making has always been at the core of our growth, shaping how we understand and serve our customers. Vipul’s expertise in turning complex data into actionable insights has been instrumental in our growth journey. He has been working with a leadership mindset for years, and this role is a natural next step for him.”  

Vipul Maheshwari stated, “The beauty and personal care industry is at an exciting intersection of product advancement and technological innovation. I'm honored to lead Honasa's efforts in leveraging advanced analytics and product development to create more personalized, efficient, and delightful experiences for our consumers.”  

An IIT Delhi alumnus with a master’s degree in mathematics and computer science, Vipul has held leadership roles at Delhivery and Global Analytics India Pvt Ltd, where he spearheaded data-driven business solutions. His extensive experience in utilizing data infrastructure positions him well to lead Honasa’s analytics and product development efforts.  

In addition to this leadership development, Honasa Consumer recently appointed Dr. Kaustav Guha as Vice President of Research and Development to enhance product formulations across its brands. The company has also expanded its offerings with a winter skincare range launched under Mamaearth, Aqualogica, Dr. Sheth’s, and The Derma Co., further solidifying its position in India's retail and beauty markets.

Zepto has entered into a strategic partnership with Park+, a leading provider of car care products, to offer a carefully selected range of 15 premium car care items at more than 8 locations across India. This collaboration aims to provide car owners with high-quality products such as cleaning kits, comfort accessories, and essential maintenance tools, making it easier than ever for customers to take care of their vehicles from the comfort of their homes.

The Park+ car care product range, now available on Zepto, offers a variety of solutions for vehicle maintenance, combining convenience with quality. Customers can expect to find products that cater to their everyday car care needs, all delivered right to their doorsteps, offering a seamless and efficient shopping experience.

Amit Lakhotia, Founder and CEO, Park+ said, “At Park+, our mission is to simplify the car ownership experience by offering innovative and user-friendly solutions. Partnering with Zepto is a major step forward, enabling us to bring a curated selection of 15 premium car care products to a wider audience. Car owners no longer need to visit multiple stores or struggle to find high-quality car care products. They can now access everything they need for vehicle maintenance in one place, delivered right to their doorstep. We aim to expand our car care product offerings on Zepto to around 150+ Products in the next 3 months.”

Chandan Mendiratta, Chief Brand Officer, Zepto shared, “We are thrilled to collaborate with Park+ to bring high-quality car care products directly to users' doorsteps. Speed and convenience are at the core of Zepto, and this partnership allows us to expand our product offerings to include essential car care items. We thank our sellers for enabling this. With Park+ products available through the platform, users can now enjoy easy access to these items with the speed and reliability Zepto is known for, enhancing their overall shopping experience.”

This partnership is set to transform the way car owners shop for their vehicle maintenance needs, making it easier for them to find and purchase quality car care products from trusted brands. With plans to significantly expand the range of Park+ products available on Zepto, this collaboration is poised to provide even more value to customers, ensuring that car owners have everything they need to maintain their vehicles, all in one place.

India’s first multinational socks brand, Bonjour, has set an ambitious revenue target of Rs. 175 crore for the fiscal year 2025, up from the Rs. 143 crore it achieved in FY24. This target reflects the brand’s steady growth trajectory and its aspirations to strengthen its foothold in the socks industry.

Bonjour currently commands a 22 percent share of the mid-premium segment in India’s socks market, a significant position in a competitive space. The company now aims to increase this market share to approximately 30 percent within the next two years. This goal aligns with its strategy to further solidify its leadership in the segment by enhancing production, expanding reach, and maintaining high-quality standards.

“Our journey began with significant financial hurdles, but we soon learnt that adaptability is key; challenges are merely opportunities in disguise. At Bonjour we embrace vision, leverage our strengths, take calculated risks, and remain dedicated to our long-term goals,” said Rajkumar Jain, MD, Bonjour.

The brand’s foundation has been built on a bootstrapped model, remaining self-funded since its inception. Despite its strong growth, Bonjour has no immediate plans to seek private equity investments. However, the company is open to exploring the possibility of a public offering in the future as it continues to expand its operations and market presence.

To meet increasing demand, Bonjour has outlined plans to double its production capacity over the next two to three years. This expansion will allow the company to cater to its growing customer base while adhering to its core principles of quality, innovation, and sustainability. Currently, Bonjour produces 95 percent of its raw materials in-house, showcasing its commitment to sustainable manufacturing practices and reducing its dependency on external suppliers.

The brand boasts a robust retail presence, with over 17,000 retail touchpoints across India and an international footprint in the USA, Gulf countries, and Europe. Bonjour’s growth story is marked by significant milestones, starting with its establishment in 1988 when it began manufacturing socks in a rented factory in Delhi. By 2008, the company had opened its first exclusive brand outlet (EBO), a move that helped cement its position as a leading name in the socks industry.

Today, Bonjour operates 16 EBOs located across Delhi-NCR, Dehradun, and Ambala, supported by a strong distribution network of over 180 distributors across the country. This extensive reach allows Bonjour to cater to diverse markets while staying true to its vision of delivering quality and value to its customers.

With its plans to scale production, increase market share, and explore new growth avenues, Bonjour is well-positioned to continue its upward journey in both domestic and international markets, reaffirming its status as a pioneer in India’s socks industry.

Amazon India is set to host its first-ever Black Friday event, bringing the globally renowned shopping extravaganza to Indian customers for the very first time. The event will take place from November 29 to December 2, offering customers an array of deals and discounts across multiple categories.

The Black Friday sale will feature attractive offers on a wide range of products from popular global and Indian brands such as Apple, Samsung, Sony, Nike, Calvin Klein, Adidas, Tommy Hilfiger, Panasonic, Jean Paul, Dabur, LG, ALDO, Swarovski, and more. Categories include electronics, appliances, fashion, beauty, home décor, and essentials, ensuring that there is something for everyone.

“The record-breaking success of Amazon Great Indian Festival 2024 showed the huge appetite that Indian customers have for great value. Now, we are raising the bar by bringing Amazon’s popular shopping event globally, Black Friday, to India for the first time ever on Amazon.in, with savings across electronics, beauty, home appliances, and décor from both Indian and international brands,” shared Saurabh Srivastava, Vice-President, Categories, Amazon India. 

As part of the sale, customers can enjoy discounts ranging from 40-75 percent on mobiles, electronics, and accessories. Home essentials will be available at up to 65 percent off, while luggage, handbags, and luxury brands will see discounts of 40-70 percent. The extensive range of deals aims to cater to the diverse needs of shoppers, whether they’re looking for the latest gadgets, stylish fashion, or household items.

To further enhance the shopping experience, Amazon India is offering additional benefits for payment methods. Customers can avail of a 10 percent instant discount when using HDFC, IndusInd, BOB Card, and HSBC bank debit and credit cards, including EMI options. Prime members can enjoy unlimited 5 percent cashback on purchases made with Amazon co-branded credit cards, while non-Prime members will receive 3 percent cashback.

With its first Black Friday sale, Amazon India is aiming to replicate the excitement of its international counterpart while giving Indian shoppers the opportunity to explore unmatched deals, festive shopping, and a seamless online shopping experience.

Turkish Hazelnut, a brand celebrated for its premium quality and rich flavor, has announced an exciting collaboration with Reliance Retail to bring its high-quality hazelnuts to Indian consumers. This strategic partnership will make Turkish hazelnuts available across four major Reliance Retail store formats: FreshPik, Signature Fresh, Signature Plus, and Smart Bazaar. The product will be offered in several states, including Maharashtra, Punjab, Tamil Nadu, Karnataka, Odisha, Gujarat, and Delhi NCR, ensuring that more consumers can access the "miracle nuts" and benefit from their rich nutritional profile.

Mansi Ahuja, India Representative of Turkish Hazelnut said, “We are excited to join hands with Reliance Retail to expand the reach of Turkish hazelnuts across a wider audience in India. These premium, nutrient-rich snacks are not only delicious but also play a significant role in promoting overall well-being. By incorporating Turkish hazelnuts into daily diets, consumers can enjoy a healthier, more balanced lifestyle, benefiting from their rich nutritional profile.”

Turkish hazelnuts are packed with essential nutrients, offering multiple health benefits including support for heart health, cholesterol reduction, and an energy boost. Consuming just 25-30 grams a day provides a daily dose of vitamin E, promoting healthier skin, stronger bones, and overall well-being.

Avinash Tripathi, Vice President, Business Head- Freshpik & Fresh Signature at Reliance Retail shared, "Freshpik partners with Turkish Hazelnut, world-renowned for its premium quality and distinct flavor. This collaboration brings customers an exclusive range of exquisite hazelnut products, expertly curated for an unparalleled gourmet experience, blending Turkish Hazelnut's excellence with Freshpik's retail expertise."

Deepak Mishra, Senior Manager, Category Head Staples- Freshpik & Fresh Signature at Reliance Retail added, “Turkish hazelnuts are renowned worldwide for their rich flavor, buttery texture, and numerous health benefits. By partnering with Turkish Hazelnut, Freshpik aims to introduce customers to the finest quality hazelnuts, roasted to perfection and available in a variety of enticing forms.”

The Turkish Hazelnut Exporters Association represents exporters and processors of hazelnuts in Turkey, the global leader in hazelnut production. Its mission is to advocate for the premium quality of Turkish hazelnuts, highlighting their nutritional value and diverse uses.

Stellaris Venture Partners has secured $300 million for its Fund III, aimed at investing in 25-30 startups over the next 3-4 years. This development reflects confidence in India's startup ecosystem, even after a challenging funding period in the past year. Stellaris will focus on retail sectors such as AI, SaaS, and fintech, leveraging its expertise to nurture early-stage ventures in these areas. 

The fund received commitments from existing limited partners and new global investors, including university endowments, foundations, pension funds, and Fund of Funds (FoFs). Stellaris now manages over $600 million in assets, underscoring its strong presence in India's venture capital landscape.  

“With this new fund, we’re excited to back founders using technology to solve deep problems in large markets. Our team, consisting of former entrepreneurs and business builders, brings deep expertise and global networks in key sectors like consumer tech, AI, SaaS, and financial services to support our portfolio companies throughout their journey,” said Rahul Chowdhri, Partner at Stellaris Venture Partners.  

Alongside the fund announcement, Stellaris revealed new leadership appointments. Naman Lahoty has been promoted to Partner, and Vardhan Dharnidharka, an AI/ML engineering expert, has joined as Investment Principal, relocating from New York to Bangalore.  

Since its inception, Stellaris has backed 44 tech startups across two funds, with 60 percent being inception-stage businesses. The firm typically leads investments in Seed and Series A funding rounds. Its portfolio includes well-known names like Mamaearth, which went public last year, and Whatfix, which recently raised $125 million in a Series E round.  

Stellaris has also invested in EV financing startup Turno, UPI-based credit provider Kiwi, AI SaaS firms Orbitshift and CARPL.ai, credit improvement platform Goodscore, and D2C consumer brand Nestasia.  

The launch of Fund III comes as Indian public markets experience a surge in activity, with startups like Mamaearth, Ola Electric, and Swiggy making their public debuts. This momentum mirrors the private market boom of 2021, when India recorded 45 new unicorns within a year.  

However, not all venture capital firms are expanding. For instance, Peak XV Partners recently reduced the size of its $2.85 billion fund by 16 percent, citing a need for more cautious capital deployment amid shifting market conditions.  

Stellaris' new fund positions it to capitalize on opportunities in India's evolving retail and technology ecosystem, supporting innovative startups poised for growth in a competitive market.

Broadway’s beauty festival, *Shop Till You Glow*, held from November 22 to 24, 2024, attracted over 6,000 attendees in New Delhi, significantly boosting the beauty retail market in India. The event led to a threefold increase in sales within the beauty category and featured 35+ brands alongside 100+ creators, achieving a reach of over 20 million.  

The three-day festival provided a platform for new-age beauty brands such as D’you, Nish Hair, Neude, Typsy, Vinci Botanicals, Charmacy, Juhst, Sereko, Derma Co, and Mama Earth. Visitors explored a combination of brand discovery, interactive activities, and expert-led sessions designed to keep pace with evolving beauty industry trends.  

Interactive highlights included ‘Experience Zones,’ where participants engaged in gamified sampling activities like claw machines with over 3,000 product samples and interactive trials. The ‘Beauty on Air’ section offered face and hair makeovers, facials, and styling services, enabling visitors to try products firsthand. Day 2 of the event featured a masterclass by renowned makeup artist Bhumika Bhal and a session with lifestyle influencer Sakshi Sindwani, who discussed inclusive beauty and self-love. The festival concluded with a surprise appearance by celebrity makeup artist Meenakshi Dutt.  

Broadway engaged with 100+ creators through intimate, on-ground sessions, fostering connections between brands and consumers. Exclusive offers, bundles, and limited-time discounts encouraged on-the-spot purchases, driving significant retail activity during the event.  

"The *Shop Till You Glow* festival at Broadway enabled our large portfolio of D2C brands to connect beautifully with customers. We plan to make this our annual IP, showcasing both established and emerging beauty brands under one roof. This initiative strengthens our beauty credentials, and we aim to create many more immersive experiences for our brands and customers," said Vivek Biyani, Founder of Broadway.  

Broadway’s *Shop Till You Glow* festival highlights the potential of experiential beauty retail in India. With its focus on consumer-centric innovation, the festival sets a benchmark for the beauty industry, transforming shopping into a holistic, interactive experience.

Kia India, a leading name in the premium car segment, has released the first teaser for its upcoming SUV, Syros, marking a significant milestone in its journey of innovation. The Syros, designed to redefine advanced technology, bold design, and versatile space, is set to capture the imagination of Indian automotive enthusiasts.

The 15-second teaser, themed "Evolved by the Future," offers a glimpse into the visionary SUV, introducing it as a game-changer in the segment. The teaser features a compelling narrative where a young girl wishes upon a shooting star, which transforms into something extraordinary—symbolizing the Syros's dramatic and futuristic arrival. This creative storytelling underscores Kia’s commitment to blending innovation with emotion, promising a unique brand experience for its audience.

The Syros is crafted to resonate with a diverse customer base, offering cutting-edge technology, bold aesthetics, and a futuristic spatial design. Aimed at individuals and families alike, the SUV positions itself as a standout option in the competitive Indian market. According to Kia India, the Syros will play a pivotal role in the brand's next phase of growth and further strengthen its foothold in the SUV segment.

Kia India’s journey began in April 2017, with the signing of an MOU with the Government of Andhra Pradesh to establish a manufacturing facility in Anantapur. The plant commenced mass production in August 2019, with an annual capacity of 300,000 units. Under its brand identity “Movement that Inspires,” launched in April 2021, Kia India has been dedicated to offering meaningful customer experiences through innovative products and services.

To date, Kia India has introduced five vehicles in the market—Seltos, Carnival, Sonet, Carens, and EV6—and has achieved nearly 1.3 million vehicle dispatches from its Anantapur plant. This includes over 10.7 lakh domestic sales and 2.5 lakh exports. With more than 4 lakh connected cars on Indian roads, Kia is among the leaders in connected car technology in the country.

With a robust network of 640 touchpoints across 287 cities, Kia India continues to expand its presence nationwide. The Syros represents the brand’s next leap forward in inspiring consumers with innovative mobility solutions. As anticipation builds, Kia is poised to set new benchmarks in the Indian automotive landscape with the launch of Syros.

Textile and garment manufacturer Suditi Industries has announced the acquisition of Gini & Jony, the homegrown kidswear retailer, for an undisclosed amount. Founded in 1980 by Prakash Lakhani, Gini & Jony is a well-known name in the Indian kidswear market and currently operates through 700 sales points, including 59 standalone stores, over 70 large format outlets, and 600 distributors and dealers.

In a board meeting held on November 14, Suditi Industries approved the acquisition of trademarks, domain names, and social media handles associated with Gini & Jony. The company plans to leverage its manufacturing capabilities to expand the brand's presence in the Indian market.

“Suditi’s internal capacity to produce fabrics for over 100,000 garments per day positions us uniquely to scale Gini & Jony. This translates to roughly Rs. 6 crore of sales per day for the brand, highlighting the immense potential of what we can achieve by focusing our expertise and resources,” said Pawan Agarwal, Managing Director, Suditi Industries.

Once a leader in the kidswear market, Gini & Jony faced financial difficulties in the past, including significant debt and overdue payments to lenders. While Reliance Group acquired a minority stake in the company in 2005, and Reliance Capital Ltd later held a 22 percent stake, the brand was forced to file for corporate debt restructuring in 2011 due to slow demand and rising costs.

Suditi Industries, a BSE-listed company, is engaged in textile and garment manufacturing and retails apparel under private labels like YouWeCan, Nush, and IndianInk. The company also offers its products through e-commerce platforms like Myntra and offline channels such as Pantaloons. In FY23, Suditi Industries reported standalone revenues of Rs. 92.43 crore, with a net loss of Rs. 10 crore.

The acquisition comes at a time when the Indian kidswear market is experiencing rapid growth, driven by a burgeoning population of approximately 340 million children under 14 years old and a rising demand for branded children’s clothing. With this acquisition, Suditi Industries aims to adopt an omni-channel approach, combining Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms to expand Gini & Jony's footprint.

“There are only a handful of brands in India that serve the entire nation, and Gini & Jony was not only the first but remains the name with the highest brand recall in the space. With our omni-channel approach and the combined learnings of both teams, we aim to build a powerhouse that serves every Indian family. The legacy of Gini & Jony is irreplaceable, and we are committed to strengthening its position in the market,” said Harsh Agarwal, Chief Marketing Officer, Suditi Industries.

With this strategic acquisition, Suditi Industries looks to revitalize Gini & Jony’s legacy and reclaim its position as a leader in the kidswear market.

Beardo, the male grooming brand owned by Marico, has posted a remarkable turnaround in its financial performance, achieving a 62.4 percent year-on-year growth in the fiscal year ending March 2024, following a slowdown in FY23. The company has not only scaled its operations significantly but also returned to profitability, marking a notable recovery after a challenging year.

According to Beardo's annual financial statements, sourced from the Registrar of Companies (RoC), the company’s revenue from operations surged to Rs 173.2 crore in FY24, up from Rs 106.6 crore in FY23. The growth comes as a result of increasing demand for Beardo’s range of male grooming products, including beard oils, combs, wax, face washes, soaps, and lotions, which are available through its website, marketplaces, and retail stores.

The primary source of Beardo's income has been the sale of these grooming products, and procurement costs, which account for 40 percent of overall expenditure, grew by 83.2 percent from Rs 36.8 crore in FY23 to Rs 67.5 crore in FY24, reflecting the increased scale of operations. Despite this rise in procurement costs, Beardo managed to control other major expenses. Advertising and employee benefit costs remained stable at Rs 43.89 crore and Rs 12.5 crore, respectively, while other overheads, including transportation, legal, and freight expenses, contributed to an overall expenditure increase of 46.1 percent, from Rs 115.3 crore in FY23 to Rs 168.4 crore in FY24.

The company's strategic focus on managing costs and optimizing spending, particularly in areas like advertising and employee benefits, contributed significantly to its return to profitability. Beardo reported a profit of Rs 3.63 crore in FY24, a sharp contrast to the loss of Rs 6.1 crore in FY23. The company’s Return on Capital Employed (ROCE) stood at 75.58 percent, with an EBITDA margin of 4.21 percent. On a unit level, Beardo spent Rs 0.97 to earn a rupee during FY24.

Beardo’s recovery comes as no surprise, following the typical trajectory of many companies acquired by larger firms. After a period of consolidation and losses, Beardo leveraged the strength of its parent company, Marico, particularly in distribution, marketing, and sourcing, to fuel its growth. The company has also expanded its product offerings, including a new women’s line, albeit with a focus on high-margin perfumes. However, Beardo has maintained its stronghold in its core category of beard grooming and men’s personal care.

The acquisition by Marico has positioned Beardo to continue growing while remaining true to its core offerings. With a strong foundation for future expansion, Beardo is well-positioned to ride out the ongoing consolidation in the direct-to-consumer (D2C) and personal care sectors. The brand’s future growth potential remains high, and experts believe that it is just one successful campaign or viral trend away from significantly scaling its operations, possibly even doubling revenues by FY27 if it continues leveraging the learnings and experiences of the past few years.

Baby & Mom Retail, a House of Brands and a leading player in the baby care, skin care, pet care, and bedding solutions sectors in India, has outlined ambitious growth milestones and strategic expansion plans. The company, which recorded impressive revenue growth from 23 crore in 2023 to 44 crore in 2024, is now aiming for a revenue target of 100 crore by 2025. Additionally, Baby & Mom Retail is preparing for a public listing with an IPO projected to be valued at 280 crore by 2026.

The company’s remarkable growth is attributed to a series of successful initiatives and strategic expansions, particularly in its diverse product offerings and strong digital presence. Over the past two years, Baby & Mom Retail has expanded its brand portfolio, focusing on high-demand, customer-oriented products. These include brands like OYOBABY, Newish, REDCOP, GADDA CO, Mattress Protector, and Amorite, which address a variety of family needs ranging from safe baby skincare to premium pet care and natural hair solutions. The combination of product diversification, adherence to high-quality standards, and a focus on safety has resonated well with consumers, helping to build a loyal customer base and drive significant revenue growth.

Shish Kharesiya, Founder and CEO of House of Brands - Baby & Mom Retail said, “At Baby & Mom Retail, our journey has been driven by a deep commitment to quality, care, and innovation. Every product we create, every milestone we reach, and every family we serve brings us closer to our vision of becoming a trusted part of every home. We’re proud of our growth and achievements, but we’re even more excited about what lies ahead. Our goal is not only to meet the needs of today’s families but to anticipate and exceed them as we shape the future of family care. Together, we’re building a legacy of trust, compassion, and excellence that will stand the test of time.”

As the company moves toward its IPO, Baby & Mom Retail is preparing to meet investor expectations by strengthening its financial and operational foundations. The planned IPO, with a targeted valuation of 280 crore, will provide additional capital to support scaling initiatives, solidifying the company’s position as a leader in the baby care and lifestyle sector. The public offering is expected to amplify Baby & Mom Retail’s mission of delivering high-quality, trusted products that prioritize family well-being.

Digital marketing and e-commerce partnerships have been key to the company’s success. By leveraging a robust online presence through major platforms like Amazon and Flipkart, Baby & Mom Retail has been able to engage with a wide customer base, enhancing visibility and driving sales. The company has also implemented targeted digital marketing campaigns, including influencer collaborations, seasonal promotions like Diwali bundles, and social media advertisements, which have contributed to customer engagement and sales conversions. Innovations such as breathable, machine-washable mattress protectors from GADDA CO and alcohol-free skincare products from Newish have helped Baby & Mom Retail stand out in the competitive market by offering customer-centric, high-quality solutions.

Looking to the future, Baby & Mom Retail has outlined a comprehensive growth strategy to reach its revenue targets for 2025 and beyond. The company plans to expand its core brands and introduce new products under OYOBABY, Newish, Amorite, and GADDA CO, ensuring it meets the evolving needs of families and environmentally conscious consumers. Additionally, Baby & Mom Retail aims to grow its presence in Tier II and Tier III cities across India while strategically targeting international markets in Asia, Europe, and North America. By localizing product offerings for these regions, the company intends to penetrate new markets and strengthen its global footprint.

Digital and retail expansion will continue to be central to Baby & Mom Retail’s strategy, with plans to further integrate with leading e-commerce platforms such as Walmart and Alibaba to drive global reach. The company is also investing in customer loyalty programs, supply chain optimization, and R&D to ensure efficient operations and maintain a high standard of innovation. New loyalty programs and subscription models are expected to improve customer retention, fostering long-term relationships and stable revenue streams. Additionally, ongoing R&D efforts will focus on product innovations, particularly hypoallergenic and eco-friendly solutions, aligning with the growing demand for sustainable products.

Baby & Mom Retail’s strategic expansion, commitment to product excellence, and focus on digital growth position the company for continued success as it aims to revolutionize the family care market in India and internationally.

LT Foods Ltd., a global FMCG company in the consumer food segment, has entered Saudi Arabia’s retail market with the opening of a new office in Riyadh. This move is aimed at tapping into the Kingdom’s $2 billion rice and rice-based food market, reflecting the company's strategy to expand its global footprint.  

Currently generating $1 billion in global revenue, LT Foods has sustained 18 years of Revenue CAGR at 18 percent and Profit CAGR at 21 percent. With the Riyadh office, the company plans to address the growing demand for authentic rice and rice-based products among Saudi consumers. This office will also serve as a hub for LT Foods' regional operations, leveraging its expertise to cater to the local culinary preferences.  

LT Foods is set to invest SAR 185 million in warehousing, inventory, and personnel over the next five years, targeting a revenue of SAR 435 million during the same period. The company, with Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, is also preparing to establish local manufacturing facilities in Saudi Arabia.  

“We have built successful businesses in every market where we have set up our operations. We have provided quality products and premium food offerings to consumers. LT Foods has also added significant value to the economy and to its operations. We are now very excited to expand our footprint in Saudi Arabia. Our trusted brands, DAAWAT, Hadeel, and Mufaddal, have long been a part of the Kingdom of Saudi Arabia (KSA). With SALIC being a strategic shareholder in LT Foods, we are now expanding our footprint in the KSA with warehouses and are prepared to establish local manufacturing,” said Vijay Arora, Chairman and Managing Director, LT Foods.  

Gursajan Arora, CEO - Middle East Business, LT Foods added, “Saudi Arabia is one of the largest importers of rice and a key market for us. We see tremendous potential for growth in the market and are excited to bring our legacy of quality, innovation, and trust to the region. With our Riyadh office, we aim to deepen our connections with local consumers and partners, tailoring our offerings to meet their specific preferences. We are confident in our ability to strengthen our market presence, drive sustainable growth, and continue delivering exceptional value to all our stakeholders.”  

LT Foods' expansion into Saudi Arabia underscores its commitment to enhancing its retail operations in India and international markets while focusing on sustainable growth and delivering quality products to consumers. 

Hisense India, a prominent consumer electronics and home appliances company, has announced the appointment of Nipun Kaicker as its new Director – Go To Market (GTM). This strategic leadership addition is expected to further strengthen the company’s operations and accelerate its growth in the competitive Indian market.

“Nipun’s industry knowledge and expertise in GTM strategies will be invaluable as we continue to grow in the Indian market. We are confident that his leadership will contribute to our growth plans,” said Pankaj Rana, CEO, Hisense India.

With over 14 years of extensive experience in sales, marketing, and growth-driven GTM strategies, Nipun Kaicker is poised to play a key role in enhancing Hisense India’s visibility, improving its brand equity, and driving its long-term growth objectives. His leadership is expected to position Hisense as a leading player in India by leveraging his deep understanding of consumer behavior and market dynamics.

In his new role, Nipun will oversee GTM initiatives to expand the brand’s reach among Indian consumers and foster stronger relationships with customers and partners. His expertise in developing innovative strategies will be central to Hisense India’s efforts to deliver value, improve the customer experience, and enhance the company’s competitive edge.

“I am excited to join Hisense, a company focused on delivering high standards of value to its customers. I will aim to drive innovation and growth for Hisense in India, working with the team to expand the company’s presence and enhance the consumer experience,” said Kaicker.

This appointment aligns with Hisense India’s broader strategy to establish itself as a trusted brand in the country while expanding its presence in the consumer electronics and home appliances segment. The company is also focused on introducing cutting-edge products tailored to meet the evolving needs of Indian consumers.

Globally, Hisense operates in over 160 countries and manages 18 manufacturing facilities. It demonstrates a strong commitment to innovation by investing 5 percent of its annual revenue into research and development, with 18 R&D hubs located worldwide.

By integrating Nipun’s leadership and strategic vision, Hisense India aims to achieve significant milestones in its journey to become a household name in India. The company’s emphasis on delivering high-quality, innovative products reflects its mission to create meaningful connections with its customers and partners.

Korean brand Daewoo has solidified its presence in India by partnering with MK Enterprise as its authorized channel partner in Gangapur City, a key hub for batteries and electronics in Rajasthan. This strategic collaboration underscores Daewoo’s commitment to expanding its footprint in India and catering to the growing demand for reliable and innovative energy solutions.

The partnership will enable Daewoo to provide a diverse range of products, including energy and power solutions, automotive batteries, and electronics. These offerings aim to address the evolving needs of Indian consumers, combining cutting-edge technology with the brand’s globally trusted standards.

“As part of its India growth strategy, Daewoo has partnered with MK Enterprise as its authorized channel partner in Gangapur City in Rajasthan. Daewoo’s expansion into India is aligned with its goal of meeting the rising demand for advanced, reliable products tailored to the needs of Indian consumers,” the company stated.

Daewoo’s network in India is already extensive, with over 150 channel partners and approximately 3,000 dealers nationwide. This robust distribution system ensures the availability of its products across multiple regions, reinforcing its commitment to providing accessible, high-quality solutions.

“The company’s entry into Rajasthan is a significant step in bringing globally trusted products to the region while addressing the evolving needs of Indian consumers,” said Navin Narang, a company official.

The partnership with MK Enterprise highlights Gangapur City’s importance as a growing hub for energy and electronics in Rajasthan. By establishing a presence in this key market, Daewoo aims to build stronger relationships with local consumers and businesses, further enhancing its reputation as a reliable global brand.

This move reflects Daewoo’s broader India growth strategy, which focuses on delivering advanced, dependable products to meet the unique requirements of Indian customers while contributing to the energy sector's development in the region.

Swiggy, India’s one of the leading online food delivery and quick commerce platforms, has appointed Kanika Tiwari as the Head of Monetization for its quick commerce service, Swiggy Instamart. Known for her expertise in strategy, business development, and growth, Tiwari brings with her a wealth of experience from her successful tenure at Flipkart and other renowned organizations.

Tiwari’s professional journey with Flipkart spanned eight years, beginning in December 2016 as a Management Trainee in Brand Ads Solutions. Over the years, she steadily climbed the ranks, holding key positions and playing a pivotal role in driving the company’s growth. Her most recent role at Flipkart was Director of Strategy and Growth for Flipkart Ads, a position she assumed in September 2024, where she made significant contributions to scaling the platform’s advertising business.

 “I want to thank Flipkart for the opportunities and experiences gained during my tenure. I am grateful to all the leaders I got to work with, who helped me become the professional I am today. Looking forward to this new chapter and contributing to Swiggy’s success,” added Kanika Tiwari.

Beyond her impactful tenure at Flipkart, Tiwari’s career began in 2011 as an Engineer at Ericsson, where she gained a strong foundation in technology and operations. She later joined Rivigo in 2016 as a Business Development Manager and Key Account Manager, working on customer engagement and strategic accounts before transitioning to Flipkart.

In her new role at Swiggy Instamart, Tiwari will focus on monetization strategies to enhance revenue streams for the platform, which has been rapidly expanding its footprint in India’s competitive quick commerce market. Her proven track record in strategy and growth is expected to further solidify Swiggy Instamart’s leadership position in the segment.

This appointment underscores Swiggy’s commitment to bringing on board seasoned professionals to drive its business objectives. With Tiwari at the helm of monetization for Instamart, the company is well-positioned to deliver innovative solutions, build stronger partnerships, and continue delighting its customers.

Associated Alcohols and Breweries Limited (AABL) has introduced its most premium whiskey offering, Hillfort Whiskey, in India's retail sector. The new product aims to provide an accessible yet sophisticated option for whiskey enthusiasts, combining quality craftsmanship with an intricate flavor profile tailored for both seasoned drinkers and newcomers.  

Hillfort Whiskey stands out with its distinctive flavor journey. It features a smoky aroma complemented by ashy undertones, floral hints, and notes of citrus and tropical fruits. The rich malt aroma brings forward elements of wood-smoked honey, vanilla, and oak spices such as cinnamon and black cardamom, rounded off with cereal undertones. On the palate, the whiskey delivers a velvety texture, blending citrus and smoky flavors with complex oak spices and malt sweetness. The finish is warm, long, and bittersweet, leaving a smoky aftertaste. This unique whiskey is crafted with Indian peated malts, delivering a sophisticated profile without an aging process.  

Tushar Bhandari, Whole Time Director of AABL stated, "Hillfort Whiskey embodies the spirit of sophistication at an accessible price point. Inspired by the premium smoky flavours often found in high-end whiskeys, we aim to deliver a similar indulgent experience to our consumers, ensuring quality remains at the forefront. Hillfort is a testament to our commitment to making premium whiskey more inclusive and enjoyable for all."  

Hillfort Whiskey is available in retail stores and select bars across Madhya Pradesh, with plans for expansion to Delhi and Maharashtra in January 2024. It is offered in three SKUs—750 ml, 375 ml, and 180 ml—priced at Rs 1,395, Rs 700, and Rs 340, respectively. The ex-distillery price for all SKUs is Rs 3,150. Targeting India's largest whiskey category by volume and value, Hillfort offers a smokier and smoother profile suitable for consumption neat, on the rocks, or with water.  

AABL currently manages seven proprietary brands, including Central Province Whiskey, Titanium Triple Distilled Vodka, and Nicobar Gin, and is licensed to manufacture for international brands like McDowell’s No. 1 Celebration Rum and White Mischief Vodka. With Hillfort, the company strengthens its presence in India's retail whiskey segment while addressing evolving consumer preferences.

Teeling Whiskey, a renowned Irish whiskey producer known for its innovative approach to whiskey-making, has introduced Teeling Small Batch Classic, crafted exclusively for the Indian market. This launch reflects the growing demand for premium spirits in India’s retail sector and highlights the country's emergence as a key market for Irish whiskey.  

The Small Batch Classic, part of Teeling’s award-winning collection, offers a modern take on traditional Irish whiskey-making. Produced in small batches using hand-selected casks of grain and malt whiskey, the whiskey is aged in first-fill bourbon barrels and bottled at 46 percent ABV without chill filtration. It is tailored to suit the Indian palate, offering a blend of creamy vanilla and spicy fruit notes.  

Jack Teeling, Founder and MD of Teeling Whiskey said, "We are thrilled to introduce Teeling Whiskey Small Batch Classic to India, a country that shares our deep appreciation for craftsmanship and innovation. We have created this unique, premium Irish Whiskey in small batches to suit the Indian palette, ensuring a balance of sweetness and bold, natural character. It is a very exciting time for us to introduce the best of Dublin and Irish whiskey craftsmanship to Indian whiskey connoisseurs in one of the world’s fastest-growing Irish whiskey markets."  

Vinay Golikeri, Managing Director of Bacardi India said, "We are excited to launch Teeling Small Batch Classic, crafted exclusively for the Indian consumer. This special edition has been thoughtfully curated to align with the discerning tastes of Indian whiskey enthusiasts, offering a smooth yet complex profile that perfectly complements local preferences. We believe Teeling whiskey is best enjoyed in moments of connection—whether it’s celebrating life’s special occasions or elevating everyday gatherings with friends. We’re proud to bring this unique experience, blending Irish craftsmanship with a spirit of celebration, to a market that truly appreciates quality and authenticity."  

In addition to its flavor profile, the Small Batch Classic aligns with sustainable practices, incorporating responsibly sourced raw materials, recycled packaging, rainwater harvesting, and solar-powered distilleries. These efforts resonate with environmentally conscious Indian consumers seeking premium spirits that reflect their values.  

The Teeling Small Batch Classic is now available in key North Indian cities, including Delhi, Gurugram, Amritsar, Ludhiana, and Chandigarh, priced at Rs 3,500 for a 70cl bottle. The whiskey will be rolled out across the rest of India in 2025, catering to the country's growing base of whiskey enthusiasts.  

This exclusive launch underscores the importance of India as a market for premium Irish whiskey, blending traditional craftsmanship with local preferences and sustainable practices.

Relaxo Footwears has appointed Vishal Pathania as AGM - Head of Digital Marketing and Performance, signaling a strategic move to strengthen its digital footprint. Pathania brings with him a wealth of experience in digital marketing, e-commerce, and brand performance, having held key roles in renowned companies in the consumer goods and tech sectors.

Before joining Relaxo, Pathania was with Hindware Home Innovation, where he served as Senior Manager (Lead) – Digital/Social/D2C and Performance Marketing from February 2023 to November 2024. In this capacity, he successfully led the digital marketing function, driving strategy across multiple channels, optimizing performance, and elevating the company's digital presence. His work played a crucial role in Hindware’s marketing transformation, contributing to the brand’s increasing consumer engagement and online visibility.

Pathania’s career also includes an impressive tenure at Timex Group, where he worked for over four years, starting as Assistant Manager – Digital/D2C and Performance Marketing in May 2018. During his time at Timex, he rose through the ranks, becoming Manager (Lead) – Digital/PR/D2C and Performance Marketing by March 2021. In this leadership role, Pathania was instrumental in shaping the company’s brand marketing communication through innovative and engaging campaigns, collaborating with creative agencies to drive social media effectiveness, public relations, and event marketing initiatives.

Earlier in his career, Pathania worked at Micromax Informatics from November 2015 to April 2018 as Assistant Manager – Social/Digital/D2C and e-Commerce Marketing, where he was responsible for digital strategies and e-commerce growth. He also has a strong foundation in digital SEO, SEM, and social media marketing from his role as Account Manager – DigitalSEO/SEM/SMM/D2C/e-Commerce at SoftAdroit System Solutions, where he contributed to the growth of client businesses through targeted digital initiatives.

Pathania’s diverse experience in digital marketing and performance-driven strategies is expected to provide Relaxo Footwears with the expertise to accelerate its growth in the e-commerce and D2C space. With his appointment, Relaxo is poised to enhance its digital marketing initiatives and better connect with its growing customer base, leveraging his expertise to drive further innovation in the company’s digital and performance marketing endeavors.

Health-tech company PharmEasy has posted a loss of Rs. 2,533 crore for FY24, reflecting a significant decline in its revenue, which fell nearly 15 percent to Rs. 5,664 crore. According to the financials of API Holdings, PharmEasy's parent company, the revenue from operations dropped by 14.8 percent, down from Rs. 6,644 crore in FY23.

The Mumbai-based company managed to reduce its losses by over 50 percent in FY24, largely due to a 79 percent reduction in goodwill impairment charges. Goodwill impairment, an accounting measure, occurs when the carrying value of goodwill exceeds its fair market value on a company’s financial statements.

PharmEasy’s financials show that it spent Rs. 1.28 to earn every rupee in FY24, highlighting its operational inefficiency at a unit level. Once valued at $5 billion, the company’s valuation has since collapsed to a range of $500-$600 million, following a series of valuation cuts and financial setbacks. To date, PharmEasy has raised approximately $1.1 billion.

The cost of materials fell by 14.8 percent to Rs. 4,880.3 crore in FY24, while finance costs increased by 9.4 percent to Rs. 727.9 crore. Employee-related expenses amounted to Rs. 699.3 crore, which included Rs. 221.8 crore in ESOP costs. The company had significantly reduced its workforce last year as part of its cost-cutting measures.

PharmEasy faced a major crisis last year when its valuation was sharply reduced while it was seeking new funding. In June, the company defaulted on a Rs. 3,500 crore loan from Goldman Sachs. Furthermore, its IPO plans were delayed after initially filing papers in November 2021, and the listing was postponed in August 2022.

This year, in April, PharmEasy faced a 90 percent reduction in its valuation after securing $216 million in funding, led by Manipal Education and Medical Group (MEMG) and other existing investors.

Goyal Salt Limited, a leading FMCG player specializing in salt, has announced its unaudited financial results for the half-year ending September 2024. The company reported a revenue of Rs. 74.82 crore in H1FY25, marking a 59.67 percent growth compared to Rs. 46.86 crore in H1FY24. EBITDA surged to Rs. 13.13 crore, recording a 2.2-fold increase from Rs. 4.11 crore in the previous period, while PAT grew 2.87 times to Rs. 9.33 crore, compared to Rs. 2.41 crore in H1FY24.

In H1FY25, the company secured a work order worth Rs. 21.86 crore from the Jharkhand government and achieved a historic procurement of 150,000 tons of raw material in Q1FY25, targeting record-breaking production and sales.

Pramesh Goyal, Managing Director, Goyal Salt Ltd. said, “We are delighted to report a good set of numbers. The growth in our profitability reflects the strength of the Goyal Salt brand in North India, especially Rajasthan, UP, Bihar, Jammu, and Jharkhand. We have emerged as one of the leading brands in the league of the top three salt brands in India. With our new plant which is going to be the largest plant in Gandhidham in the salt capital of India, Kutch, is going to change the face of the company by strengthening the brand in the Western part of the country like Maharashtra and Gujarat. The company is setting up this plant with an investment of ₹80 crore approx.”

“The company’s motive is to reach every household in the country,” Goyal emphasized, signaling its commitment to widespread distribution and expanding brand visibility across India’s vast markets. Goyal Salt’s strong performance and ongoing investments reflect its ambition to dominate the national market and build a lasting legacy as a household name in the salt industry.

With its strategic plans in place and a strong financial trajectory, Goyal Salt is well-positioned to continue its growth and strengthen its leadership in the salt sector across the country.

Reid & Taylor Apparel, the iconic men’s ready-to-wear fashion brand from the legacy suiting company Reid & Taylor, has launched its official e-commerce platform, reidandtaylor.in, enabling customers to shop for premium menswear online. The announcement was shared by the company on social media, marking a significant step in the brand's efforts to expand its digital presence and offer convenience to its customers.

The newly launched website features a wide array of menswear options, including shirts, polos, suits, trousers, chinos, and accessories. With this move, Reid & Taylor aims to cater to modern men seeking premium apparel that combines style and sophistication. Further broadening its reach, the brand’s collection will also be available on the popular fashion e-commerce platform Myntra starting midnight this Friday.

“Today we have inaugurated our online business of Reid & Taylor Apparel. Now for all the men on the mission in India, we are just a few clicks away,” stated Subrata Siddhanta, CEO – Apparel and Retail at Reid & Taylor.

In its pursuit of connecting with a younger audience, Reid & Taylor recently announced Bollywood actor Vicky Kaushal as its brand ambassador. Kaushal, known for his charismatic personality and modern appeal, reflects the brand’s vision of combining timeless elegance with contemporary style.

Founded in the 1830s by Scottish entrepreneur Alexander Reid, with financial backing from Joseph Taylor, Reid & Taylor has grown into a globally recognized name in luxury suiting and menswear. The brand entered India in 1998 through S. Kumars Nationwide Ltd. (SKNL), where it quickly gained popularity for its luxurious fabrics and tailored apparel, becoming a household name synonymous with sophistication.

Over the past year, the brand has been aggressively expanding its offline footprint as well. In April 2024 alone, Reid & Taylor launched seven new stores in Mumbai, signaling its commitment to strengthening its retail presence. With an ambitious goal of opening 40 stores across India by the end of the financial year 2025, the brand is on track to solidify its standing as a leader in the premium menswear segment.

With the launch of its online store and presence on Myntra, Reid & Taylor is combining the best of traditional craftsmanship with the convenience of modern e-commerce, making its luxurious and tailored offerings more accessible than ever before.

The Chandni Chowk Wedding Festival, powered by Omaxe Chowk, concluded its month-long celebration with an overwhelming turnout of 1.56 million visitors. The event successfully combined tradition, culture, and modern shopping trends, drawing immense participation from couples, families, and wedding shoppers.

With over 75 prominent brands participating, the festival created a vibrant platform that celebrated the rich heritage of Chandni Chowk and the premium offerings of Omaxe Chowk. Leading jewelry brands like Kalyan Jewellers, Tanishq, Malabar Gold & Diamonds, and CaratLane showcased curated collections, drawing shoppers with their intricate designs. Simultaneously, wedding wear collections from renowned designers and stores such as Tasva, White Hanger, Ram Chandra Krishan Chandra, Chhabra 555, Odhni, and Koskii added glamour to the festival.

The event wasn’t just about shopping; it offered an engaging experience with weekly lucky draws that created a buzz among visitors. Participants stood a chance to win exciting prizes like 55-inch TVs, washing machines, refrigerators, and microwaves, adding an element of thrill to the festivities.

The grand finale was a highlight of the event, where major winners were announced. Vikas Kumar from Gurugram won the top prize of a Tata Nexon for his purchases at CaratLane, while Shilpa Jaiswal from Chandni Chowk bagged a Royal Enfield Hunter for shopping at Tanishq. These big-ticket prizes underscored the festival’s aim to offer more than just a shopping experience, making it memorable for attendees.

“The success of the Chandni Chowk Wedding Festival highlights the power of collaboration between Chandni Chowk’s iconic market and Omaxe Chowk. We look forward to supporting many more such initiatives, providing couples and families with unique shopping festivals that blend tradition, culture, and style,” said Jatin Goel, Executive Director of Omaxe Group.

This month-long event not only showcased the diversity and grandeur of Chandni Chowk’s wedding shopping options but also reinforced its reputation as a one-stop destination for everything bridal and celebratory. With its thoughtfully curated experiences and offerings, the festival set a new benchmark for wedding shopping festivals in the region.

Smt. Smriti Zubin Irani, former Union Minister, visited the India Jewellery Exposition Centre (IJEX) in Dubai, where she engaged with women exporters from India and women jewellery professionals based in Dubai. Her visit underscored the growing role of women in the jewellery industry and the significance of IJEX, an initiative by the Gem and Jewellery Export Promotion Council (GJEPC), in promoting exports and expanding the global reach of Indian jewellery.

Irani called for a shift in the way women’s roles in the jewellery sector are viewed. “While the industry often romanticizes the relationship between women and jewellery, it’s time to acknowledge their substantial business contributions. Women are not just consumers or designers—they are leaders, entrepreneurs, and innovators driving significant revenue across various verticals,” she said.

Irani highlighted that the collective turnover generated by women in the jewellery industry would reveal impressive figures, emphasizing their vital role in global trade and the economy. She pointed out that women contribute to every aspect of the sector, from designing and managing operations to building global brands. Their creativity, consumer insight, and operational excellence allow them to thrive in an increasingly competitive market.

Interacting with Indian exporters at IJEX, Smt. Irani praised the showcase of Indian craftsmanship, noting its ability to meet diverse market demands with a wide range of designs. She also commended the leadership of GJEPC for creating IJEX, describing it as a valuable platform for MSMEs and young entrepreneurs in the gem and jewellery industry to engage with global markets.

“I’m bedazzled by the expertise, merchandising strength, and humility with which such a momentous trade is transacted,” she added, recognizing the dedication and innovation driving the Indian jewellery sector.

At FICCI’s 97th AGM and Annual Convention, the focus was on enhancing the collaboration between farmers, industry, and government to improve farm-to-fork efficiency, value addition, and reduce wastage. Highlighting the importance of such efforts, Anita Praveen, Secretary, Ministry of Food Processing Industries, emphasized the role of Farmer Producer Organizations (FPOs) in optimizing production, processing, and marketing in India's retail and agricultural sectors.  

Speaking at the session on "Farm Prosperity," Praveen stated, “Micro and medium processing units near farms, better logistics, and FPO-led initiatives can unlock rural prosperity. Retaining wealth from value addition is crucial for India's agri-growth.” She further noted that industry-led initiatives like training, weather forecasting, and financial support are key to ensuring a strong foundation for agricultural development.  

Industry Perspectives on India's Agri-Growth

Hemant Sikka, Co-Chairman of the FICCI Committee on Agriculture and President of the Farm Equipment Sector at Mahindra and Mahindra Ltd., described agriculture as the backbone of India's economy, employing nearly half of the workforce and playing a critical role in rural development and food security. He outlined FICCI's target to double agricultural exports to ₹8 lakh crore by leveraging digitalization, mechanization, and productivity improvements. These measures aim to enhance market access, optimize inputs, and promote sustainable practices, forming the foundation of a vision for a developed India by 2047.

Syed Junaid Altaf, Group Executive Director at FIL Industries, discussed the transformative potential of horticulture clusters in improving farmer prosperity. Citing FIL’s experience with the Apple Cluster Program in Kashmir, he explained how initiatives such as high-density planting, integrated nutrient management, capacity building, and parametric-based insurance solutions can boost productivity and climate adaptability.  

Sustainability as a Driver of Growth  

Subroto Geed, President - South Asia at Corteva Agriscience, emphasized the need for sustainability to be central to business strategies in agriculture. He highlighted innovations like hybrid corn achieving U.S.-level yields in Bihar and water-saving direct-seeded hybrid rice, which also reduces greenhouse gas emissions. Additionally, he pointed to advanced crop protection products such as selective nematicides that protect soil health while improving productivity. Geed stressed the importance of educating farmers about technology and resistance management to ensure long-term agricultural success in India.  

Sanjiv Kanwar, Managing Director at Yara South Asia, reiterated the company’s commitment to addressing critical challenges faced by Indian farmers, including soil depletion, malnutrition, water scarcity, and emissions.  

Moderated Insights

The session was moderated by Nitika Nathani, Partner at McKinsey and Company, who facilitated discussions on aligning industry efforts with India's agricultural aspirations.

As retail and agriculture sectors in India increasingly intersect, initiatives like these pave the way for sustainable growth and farmer empowerment, contributing to the nation’s vision of "Viksit Bharat 2047."

Uniqlo India is targeting Rs 1,000 crore in sales for the current fiscal year, maintaining its 30 percent annual growth trajectory, supported by retail expansion, said Chief Operating Officer Kenji Inoue. The company is also increasing local sourcing, aiming to raise it from 15.5 percent currently to 18 percent by 2025.

India remains an “important” market for Fast Retailing Co., Uniqlo’s parent company, which recently reported annual sales of 3 trillion yen (approximately USD 20 billion) and aims to triple this figure to 10 trillion yen in the future.

“We have been achieving 30 percent growth, we feel that the potential of the market is huge. We at Fast Retailing just achieved 3 trillion yen in sales and we are now targeting 10 trillion yen, which is three times, and definitely, this market would be one of the very important markets to (achieve) that,” Shared Kenji Inoue, Chief Operating Officer, Uniqlo.

Although India is still a small market for Uniqlo globally, Inoue highlighted its immense potential, calling it “probably one of the biggest” and predicting significant growth in the future.

Since opening its first store in India in October 2019, Uniqlo now operates 13 stores across the country. This network will expand to 15 stores by the end of November, with the opening of a new store in Mumbai’s Phoenix Palladium on Friday and another in West Delhi next week.

Uniqlo achieved profitability in India within three years of operations, posting a 31 percent increase in revenue to Rs 814.84 crore and a 25 percent rise in profit to Rs 85.17 crore in FY 2023-24, as per a RoC filing.

"We have grown 30 percent last year (FY’24) and we are targeting a similar growth ratio. We have not seen any significant drop or any change in people’s consumption behavior. We have been seeing strong growth. We aim for that. It would be dependent on factors such as the opening of new stores such as Phoenix Palladium, which is an interesting step towards our expansion,” added Inoue.

Uniqlo achieved profitability in India within three years of operations, posting a 31 percent increase in revenue to Rs 814.84 crore and a 25 percent rise in profit to Rs 85.17 crore in FY 2023-24, as per a RoC filing.

Inoue also reiterated Uniqlo’s commitment to modernizing production in India. He stated, “We commit to expansion and modernization of production activities in India and are on track to achieve local sourcing requirements. We are producing global standard goods in India. Right now, the local production ratio is 15.5 percent. We are aiming to achieve 18 percent by 2025.”

Speaking about expansion in South India, he emphasized that “South India is really important, but we want to ensure that the quality of the service that we provide in each of the stores, or the product mix that we have in each of the regions, meet the customer demands.”

Additionally, 15 percent of Uniqlo’s sales in India come from its online store, UNIQLO.com, which serves 17,000 pin codes. The brand plans to continue focusing on online sales through its website and mobile app.

Uniqlo, headquartered in Tokyo, is the largest of eight brands under Fast Retailing Co., which also owns GU, Theory, PLST, Comptoir des Cotonniers, and Princesse tam.tam, J Brand, and Helmut Lang.

Apple India, the Indian arm of the global technology leader Apple Inc., has reported a notable financial performance for the fiscal year 2023-24. According to regulatory filings shared by Tofler, the company achieved a 23 percent increase in net profit, climbing to Rs. 2,745.7 crore from  Rs.2,229.6 crore in the previous financial year. This consistent growth underlines Apple's expanding footprint in the Indian market.

The company's total income witnessed an even more remarkable growth, rising by 36 percent to reach Rs. 67,121.6 crore, compared to Rs. 49,321.8 crore in FY23. This surge reflects the increasing demand for Apple’s premium products and services in India, bolstered by its strategic initiatives and deeper market penetration.

In its regulatory filing, the company stated, “Apple India Private Limited provides and markets Apple brand products and software, including mobile devices and laptops, reported its revenues for the financial year 2023-24 as Rs. 67,122 crore, a 36 percent jump since the last financial year.”

The company’s total expenses for FY24 stood at Rs. 63,397 crore, reflecting the cost of scaling its operations and enhancing its market presence.

The financial results are a testament to Apple’s growing popularity in India, a key market for the tech giant. The company has been focusing on boosting local manufacturing, expanding retail operations, and tailoring its offerings to suit Indian consumers. The recent launch of Apple’s flagship retail stores in Mumbai and Delhi further underscores its commitment to solidifying its presence in the region.

Apple's growth in India aligns with the broader trend of increasing consumer demand for premium smartphones, laptops, and accessories, as well as the company’s strategic push into services like Apple Music, iCloud, and the App Store. The FY24 performance highlights Apple’s ability to successfully tap into the Indian market's potential while maintaining its global standards of quality and innovation.

As Apple continues its efforts to deepen its engagement in India, the company is expected to play a pivotal role in shaping the premium electronics and technology landscape of the country.

Damson Technologies, a key player in computer peripherals, mobile accessories, and lifestyle products, has announced the establishment of a state-of-the-art manufacturing facility in Ahmedabad, Gujarat. This strategic move, backed by an investment of Rs 200 crore, underscores the company's commitment to the ‘Make in India’ initiative and its focus on enhancing the retail ecosystem in India. The facility will produce for Damson’s flagship brand, JUST CORSECA, and other leading accessory brands in the country, meeting the growing demand for high-quality smart accessories and lifestyle products.  

The investment is divided into three phases, with Rs 110 crore allocated for factory setup, Rs 60 crore for advanced machinery, and Rs 30 crore for manufacturing processes. The facility is designed to manufacture audio systems, including TWS earbuds, personal audio devices, and home entertainment systems, emphasizing advanced technology and durability. By manufacturing locally, Damson Technologies aims to support the ‘Make in India’ initiative while creating approximately 500 jobs in the Ahmedabad region.  

The facility will begin operations with six assembly lines in phase one, targeting an initial production capacity of 3 lakh units per month. This capacity will gradually increase to 20 assembly lines by phase three, scaling production to 10 lakh units per month. The company’s phased approach aligns with its strategy to meet rising domestic and international demand efficiently.  

Damson Technologies aims to achieve a revenue target of Rs 500 crore in the next fiscal year, leveraging the Ahmedabad facility’s production capabilities to optimize output and reduce import dependency.  

Under the leadership of Managing Director Ritesh Goenka, Damson Technologies is prioritizing research and development to revolutionize the smart accessory market. The company has allocated $10 million to R&D, focusing on integrating AI-powered products, app-based controls, and voice assistance into its portfolio. The new facility will also cater to a growing gaming segment with specialized products such as gaming AirPods, headphones, and sports trackers, addressing evolving consumer preferences in India and global markets.  

Ritesh Goenka, MD of Damson Technologies said, “The Indian market offers tremendous potential for manufacturing of smart accessories, and we are delighted to start this state-of-the-art facility in Ahmedabad. With a focus on quality and innovation, this facility is designed to produce high-quality products for our flagship brand, JUST CORSECA, as well as for other leading accessory brands in India. This facility underscores our dedication to the ‘Make in India’ initiative by bringing production closer to home, enhancing operational efficiency, and supporting our growth ambitions.”  

Aligned with India’s vision of becoming a global manufacturing hub, the Ahmedabad facility will support Damson Technologies’ international expansion strategy. By reducing import dependency, the company aims to meet growing global demand, particularly in markets like the USA, UK, and UAE. This localized production approach enables competitive pricing for exports while maintaining product quality and cost efficiencies.  

Damson Technologies projects a market share of 3-4 percent in the mobile accessories and personal audio sectors through its Ahmedabad facility. Once fully operational, the facility is expected to significantly contribute to the company’s revenue targets and strengthen its position as a leading manufacturer in India’s smart accessories market.

Tata CLiQ, the e-commerce platform known for its wide-ranging offerings, has rebranded itself as Tata CLiQ Fashion, marking a significant transition to focus exclusively on fashion and lifestyle. The rebranding signifies the platform’s intent to cater to the growing demands of style-conscious consumers. 

As part of this transformation, Tata CLiQ Fashion now boasts an expansive product range, including clothing, footwear, accessories, watches, beauty items, gadgets, and home essentials. The revamped identity is reflected in a new logo, updated packaging, and an overhauled app and website designed to enhance the overall user experience.

“Our new identity reflects our focus on meeting the changing needs of consumers. This move strengthens our position in the fashion segment and allows us to help customers explore their style. We aim to offer an improved and more tailored shopping experience,” said Gopal Asthana, CEO, Tata CLiQ.

The platform has launched several dedicated stores tailored to niche interests. These include the Sneaker Store, featuring the latest trainers; the Indie Finds Store, which highlights products from emerging and local brands; and the Lingerie Store, catering to varied preferences. Shoppers can also explore Tata CLiQ Palette, a curated collection of beauty products, along with thematic offerings like the Winter Wear Store and the Wedding Store, providing seasonal and event-specific options.

With a portfolio of over 6,000 brands and meticulously curated collections, Tata CLiQ Fashion aims to simplify the shopping experience while offering tailored solutions for its customers.

The rebranding reinforces Tata CLiQ Fashion’s commitment to becoming a premier destination for fashion and lifestyle products, offering personalized shopping experiences that reflect modern consumer needs.

With the e-commerce sector witnessing rapid growth in India, particularly in fashion, this strategic shift positions Tata CLiQ Fashion to better address the needs of modern, style-conscious consumers while staying competitive in an evolving market.

Zoca Diner has opened its latest outlet on the first floor of SCO 49, London Street at World Street by Omaxe in Faridabad. Spanning 1,260 sq. ft., the diner offers a selection of continental cuisine and artisanal mocktails, adding a new dimension to the retail and dining landscape in India.  

World Street by Omaxe, a premier destination in Faridabad for shopping, dining, and leisure, draws inspiration from iconic shopping streets across cities such as London, Paris, and Lisbon. The addition of Zoca Diner to London Street complements existing dining options like Subway, Bikanerwala, Domino’s, Chaayos, and The Litti Chokha, further enhancing its appeal as a culinary hub.  

Jatin Goel, Executive Director of Omaxe Group stated, “We are excited to share that Zoca Diner is now at World Street. With its vibrant menu and ambiance, Zoca Diner brings an international flair to London Street, and we’re confident it will become a favorite spot for our guests looking to enjoy the best of Continental flavors and artisanal mocktails.”  

The establishment of Zoca Diner reflects World Street's commitment to offering a diverse range of high-quality dining options. As part of its vision to enhance urban leisure and lifestyle, World Street continues to evolve as a prominent retail and culinary destination in India.

BESTSELLER India has announced that Vineet Gautam, CEO and Country Head, will step down from his position on December 31, 2024, marking the end of a 15-year tenure. During his time with the organization, Gautam played a pivotal role in shaping the retail landscape in India by introducing and establishing popular brands such as JACK and JONES, VERO MODA, ONLY, and SELECTED HOMME. Today, BESTSELLER operates 332 standalone brand outlets and is present in over 1,578 shop-in-shops across the country.  

Gautam stated, “When I began this journey 15 years ago, my goal was to bring a new wave of fashion to India. The success we’ve achieved together – from launching brands to creating a robust retail network – has been deeply fulfilling. I am incredibly proud of the team at BESTSELLER India, whose passion and commitment have made us a market leader. As I step away, I am confident that the legacy we’ve built will continue to thrive.”  

As the company searches for Gautam’s successor, Mrithyunjay Amblimath, currently Head of Sales, will take on the role of interim leader for BESTSELLER India. Amblimath, a key figure in the leadership team for several years, has extensive experience in overseeing strategic growth and driving operational efficiencies.  

Anders Holch Povlsen, CEO and Owner of BESTSELLER said, “Vineet’s contribution to BESTSELLER India cannot be understated. As he steps down, we are grateful for his years of service and contribution to the organisation. Looking ahead, I am excited about the immense potential India holds and our continued journey of growth and expansion in this incredible country.”  

India remains a significant focus market for BESTSELLER as the company continues to prioritize enhancing its retail operations, fostering innovation, and delivering exceptional customer experiences. The leadership transition comes at a time when BESTSELLER India is poised to build on its strong foundation and capitalize on growth opportunities in the evolving retail sector.  

Darshan Mehta, Managing Director of Reliance Brands Ltd. (RBL), is set to step down after nearly 20 years of leading the company, according to news reports. Mehta, a key figure in establishing RBL’s position in India’s luxury and premium retail market, will transition into a mentorship role within the Reliance Group. He will focus on guiding emerging leaders and exploring new business opportunities while continuing as a non-executive director on the RBL board.  

Mehta joined RBL in 2007 as one of its founding members and played a crucial role in shaping its strategy and operations. Under his leadership, RBL expanded Reliance’s footprint in the luxury retail space by bringing over 90 international brands to India. These brands include globally recognized names such as Valentino, Versace, Armani, Bottega Veneta, Coach, Jimmy Choo, Pottery Barn, Ferragamo, LensCrafters, Muji, Boss, and Zegna.  

Reliance Brands Ltd part of the Mumbai-based conglomerate Reliance Industries Ltd. (RIL), was established to introduce and grow global brands in India through exclusive franchise and joint venture agreements. Over the years, the company has become a key player in India’s retail sector, particularly in the luxury and premium segments.  

News sources indicate that Reliance has not yet announced a successor for the managing director position. In the interim, a leadership team of senior executives will oversee RBL’s operations.  

Before joining Reliance, Mehta held senior roles at Arvind Brands, gaining extensive experience in the retail industry. His contributions to RBL have been instrumental in shaping the company’s growth trajectory and its influence on India’s retail market.  

Global denim brand Wrangler has teamed up with Indian café chain SOCIAL to introduce an exclusive line of co-branded merchandise. The collaboration, which was unveiled at an event in Mumbai, marks SOCIAL’s first foray into co-branded merchandise.

“This collaboration with SOCIAL is a bold fusion of fashion and urban culture, bringing together two dynamic brands that celebrate self-expression and creativity. With this exclusive merchandise, we’re curating an experience that embodies the pulse of the city and the spirit of adventurous optimism,” said Nitin Chhabra, CEO of Ace Turtle, the exclusive licensee of Wrangler in India.

The collection features a range of apparel, including oversized tees and sweatshirts for men, as well as cropped tees for women. Each piece in the collection is adorned with illustrations that reflect Wrangler’s adventurous ethos blended with SOCIAL’s energetic, party-ready style.

Divya Aggarwal, Chief Growth Officer at Impresario Entertainment & Hospitality Pvt. Ltd., the parent company of SOCIAL commented, “Our co-branded merchandise with Wrangler takes this collaboration a step further, blending music, fashion, and culture into a tangible form. Together, we are offering our guests a unique way to celebrate the adventurous spirit and urban creativity that define both brands.” 

The co-branded merchandise will be available at all Wrangler retail outlets across India, select department stores such as Lifestyle and Shoppers Stop, as well as online via Wrangler’s official India website. Customers can also place orders using QR codes at SOCIAL outlets.

Wrangler, an American workwear and denim brand established in 1947 by Blue Bell, is owned by US-based Kontoor Brands Inc., which also manages the denim label Lee. In 2021, Kontoor Brands transitioned its Lee and Wrangler operations in India from a fully-owned subsidiary model to a franchise structure, entering into a licensing agreement with retail tech platform Ace Turtle.

Bengaluru-based Ace Turtle also serves as the exclusive licensee for several global brands, including Toys“R”Us, Babies“R”Us, and Dockers, for India and other markets in South Asia.

Indian footwear brand Paragon has entered the quick commerce retail segment in India by partnering with Swiggy Instamart and Zepto. This strategic expansion aims to address the increasing consumer demand for instant and convenient footwear solutions. By leveraging these platforms, Paragon seeks to make its products readily accessible to consumers, catering to on-demand needs and emphasizing style and functionality.  

The initial rollout covers eight major metropolitan markets, including Ahmedabad, Pune, Hyderabad, Mumbai, Gurgaon, Chennai, Kolkata, and Bangalore. Plans are underway to expand to additional cities. This move ensures that customers have access to essential footwear for both everyday use and urgent situations, reflecting Paragon’s commitment to affordability and accessibility.  

Sachin Joseph, Executive VP of Marketing and IT at Paragon Footwear said, “Our expansion at quick commerce platforms has proven to be a perfect fit, as we're uniquely positioned to fulfill the urgent footwear needs of Indian consumers within minutes. The overwhelming consumer engagement we've witnessed in the first phase of launch has been remarkable. With this rapid delivery model, Paragon is revolutionizing the traditional footwear retail paradigm and is opening new avenues for growth while strengthening our connection with customers.”  

The product lineup available on quick commerce platforms includes essential footwear such as slippers, clogs, school shoes, kids' clogs, and some ethnic ranges. Paragon plans to expand its offerings by introducing casual footwear as it enters northern and eastern markets, further addressing diverse consumer needs.  

This move represents a shift in the retail strategy of the brand, showcasing its ability to adapt to changing market dynamics and consumer preferences in India. 

Ethnic wear brand Ramraj Cotton has announced Bollywood actor Abhishek Bachchan as its new brand ambassador. This partnership marks a strategic move by the brand to further enhance its market presence and connect more deeply with its customer base across the country. 

Abhishek Bachchan will be featured prominently in Ramraj Cotton’s upcoming advertising campaigns, which include television commercials, print posters, and other marketing initiatives aimed at broadening the brand’s visibility. The collaboration reflects Ramraj Cotton’s intent to appeal to a wider demographic by combining its commitment to tradition with Bachchan’s modern appeal.

“We are delighted to welcome Abhishek Bachchan to the Ramraj family. His reputation for authenticity and his connection with audiences across the nation make him an outstanding choice for our brand,” said K.R. Nagarajan, Founder and Chairman, Ramraj Cotton. 

Ramraj Cotton, a pioneer in the ethnic wear sector, has built its reputation on producing high-quality, traditional Indian attire, including dhotis, shirts, and accessories. With its roots firmly planted in the cultural fabric of India, the brand has always strived to balance heritage and innovation.

Bachchan commented, “It’s a privilege to join hands with a brand like Ramraj Cotton that holds such a strong legacy in Indian wear. I am thrilled to represent a brand that values tradition and quality so deeply, and I look forward to bringing its ethos to audiences.”

Established in 1983 in Tirupur, Tamil Nadu, Ramraj Cotton started its journey as Ramraj Khadi Traders, focusing on khadi fabrics. However, in 1987, the brand underwent a significant transformation, adopting the name Ramraj Cotton and shifting its focus to cotton-based products. This change marked the beginning of its expansion into a comprehensive range of high-quality ethnic wear and established it as a household name in traditional Indian clothing.

With this collaboration, Ramraj Cotton aims to strengthen its market leadership and reinforce its status as a leading ethnic wear brand that embraces both legacy and modernity.

Indiamart, India’s leading online B2B marketplace, has announced the appointment of Saurabh Deep Singla as its new Chief Human Resources Officer (CHRO). This strategic move comes as part of the company's ongoing efforts to enhance its organizational capabilities and foster a culture of innovation and customer success.

In his new role, Singla will be responsible for leading all human resources functions at Indiamart, with a particular focus on organizational design, leadership development, employer branding, and strengthening the company’s corporate culture. His mandate will also include implementing strategies that enhance employee engagement and drive business growth by aligning HR practices with the company’s broader objectives. Singla's deep expertise in organizational transformation and culture building will play a key role in shaping Indiamart’s future workforce strategies, ensuring that the company remains agile and responsive in a competitive market.

“Our employees are our greatest asset, and we remain committed to creating value for them. With a workforce of over 6,000 employees, fostering an environment of innovation and excellence is key,” said Dinesh Gulati, Chief Operating Officer (COO), of Indiamart Intermesh Limited.

Singla brings over a decade of experience in human resources and organizational strategy. Before joining Indiamart, he served as the global head of HR at upGrad, where he was responsible for leading the company’s HR vertical across regions. He has also developed and executed people strategies for several prominent organizations, including Ecom Express, Rio Tinto, Yum! Restaurants, Whirlpool, and Airtel. Singla’s wealth of experience in scaling organizations, driving talent management initiatives, and implementing people-centric strategies makes him a valuable addition to Indiamart’s leadership team.

“I am delighted to join Indiamart and contribute to its vision of building an empowered, performance-driven, and collaborative workforce,” said Singla.

Indiamart continues to be at the forefront of India’s B2B e-commerce space, connecting a vast network of suppliers with millions of buyers. The platform currently connects approximately 8.1 million suppliers with 202 million registered buyers, making it one of the largest and most trusted online marketplaces in India.

Decathlon, the French sporting goods retailer, has announced a strategic partnership with Myntra, a leading fashion and lifestyle e-commerce platform, according to a joint statement. This collaboration allows Decathlon to leverage Myntra’s vast network, which covers almost 98 percent of serviceable pin codes across India. The partnership will help Decathlon expand its presence in tier I, II, and III cities, with a special focus on emerging sports markets, including Northeast India.

“We are thrilled to announce our strategic association with Myntra as this a significant step in enhancing our e-commerce presence and also represents our efforts to reach a much larger audience across India,” said Sankar Chatterjee, Chief Executive Officer, Decathlon India. 

Through this partnership, Myntra will feature a wide range of Decathlon products, including sports apparel, footwear, backpacks, and essential gear for over 40 sports. This includes items for hiking, trekking, fitness, training, swimming, surfing, badminton, tennis, football, basketball, running, and more.

“Our latest association with Decathlon will synergize to make a wide array of sports products more accessible to those seeking to nurture their passion for fitness as well as specialized sports,” shared Nandita Sinha, CEO at Myntra.

Decathlon’s store on Myntra will receive prominent visibility within the app during the launch period, helping to drive awareness and engagement. Additionally, Decathlon plans to boost its reach through targeted social media campaigns, aiming to connect with an even larger audience across India.

Decathlon first entered the Indian market in 2009, opening its first store in Sarjapur, Bengaluru. The company now operates 127 stores across the country.

Looking ahead, Decathlon has announced plans to invest €100 million (approximately Rs. 930 crore) in India over the next five years. These funds will be allocated toward expanding its retail footprint, upgrading digital capabilities, and improving its value chain. The company aims to increase its store count to 190 across 90 cities, including key tier I and tier II towns.

In a significant move for India’s retail and kidswear market, Suditi Industries has announced its acquisition of “Gini and Jony”, a children’s wear brand with a 44-year legacy. Suditi Industries, known for its expertise in textile and garment manufacturing, aims to leverage this acquisition to strengthen its position in the kidswear segment through a robust omnichannel strategy, encompassing Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms.  

Pawan Agarwal, MD of Suditi Industries stated, “We are excited to welcome Gini and Jony to the Suditi Industries family. The brand has a remarkable legacy that resonates with generations of Indian families, and this acquisition underscores our hunger to truly own the kidswear category, especially after the market’s post-Covid correction. By combining Gini & Jony’s heritage with Suditi’s operational strengths, we aim to bring fresh energy and scale to this beloved name. This partnership is not just about business; it is about creating value for our shareholders while delivering unparalleled quality to the Indian market.”  

Suditi’s vertically integrated manufacturing capabilities allow it to produce over 100,000 garments daily, equating to sales of approximately Rs 6 crore per day for the brand. Agarwal emphasized that this internal capacity positions the company to scale Gini and Jony effectively, capitalizing on its established brand presence in India.  

Prakash Lakhani, Founder of Gini and Jony said, “This partnership brings together the strengths of two highly complementary entities—Gini and Jony’s legacy as a trusted name in kidswear and Suditi’s advanced manufacturing capabilities. What makes this journey even more special is the involvement of the next generation—Pawanji’s son Harsh and my daughter Roshni—who bring fresh perspectives as young parents themselves. Their vision and understanding of the modern consumer make me confident that Gini and Jony will continue to lead the kidswear space in India.”  

Highlighting the market potential, Harsh Agarwal, CMO of Suditi Industries noted, “India has about 34 crore children under the age of 14, representing 24 percent of our population. This immense market, coupled with the mean age of 28 making us one of the youngest countries globally and a GDP per capita growth of 6.7 percent, underscores why the kidswear segment is a highly relevant and promising category. There are only a handful of brands in India that serve the entire nation, and Gini and Jony was not only the first but remains the name with the highest brand recall in the space. With our omni-channel approach and the combined learnings of both teams, we aim to build a powerhouse that serves every Indian family.”  

Roshni Lakhani, who will play a key role in shaping the brand’s future stated, “As a mother, I deeply understand the importance of thoughtful, functional, and high-quality clothing for children. Bringing a mother’s perspective into decision-making allows us to prioritize the needs of parents and children in ways that go beyond traditional boardroom discussions. This means addressing not just style and comfort but also creating products that truly resonate with families in their day-to-day lives. I am thrilled to contribute to this legacy and help ensure that Gini and Jony remains a trusted name for future generations.”  

With Suditi Industries’ operational strength and Gini and Jony’s established brand equity, the acquisition is expected to redefine the kidswear segment in India’s retail market.

Globus Spirits Limited has introduced its first single malt whisky, DŌAAB India Craft Whisky marking the company’s entry into the premium whisky market in India. With the country’s retail sector witnessing growing demand for luxury craft spirits, the launch aligns with shifting consumer preferences toward unique and high-quality offerings.  

DŌAAB India Craft Whisky takes its name from the Hindi words "dō" (two) and "aab" (water), referring to fertile land between two rivers, symbolizing the blending of diverse perspectives and influences. The brand reflects a philosophy of innovation and exploration, aiming to resonate with consumers seeking fresh experiences in the Indian whisky market.  

The debut release, 01 Six Blind Men and the Elephant, is inspired by the Indian fable and is crafted exclusively in 100 percent ex-bourbon barrels. Limited to just 500 casks, this single malt whisky emphasizes collaboration and craftsmanship. Its packaging features motifs influenced by Rajasthan's mandana art, blending tradition with modern design.  

Shekhar Swarup, Joint MD of Globus Spirits Limited stated, “Within two years the company has innovated into various segments in the drinks industry of India and we are proud to raise the standards with the launch of DŌAAB. As a company, we continue to aspire for more and will offer the best offerings cutting across all segments. DŌAAB India Craft Whisky, 01 Single Malt Whisky is being launched in a 750 ml bottle with the price range of Rs 4,500–5,500 depending on the state and its applicable pricing structure as per norms. The brand begins its journey with an introduction in Delhi, Gurgaon, Lucknow, and Jaipur. This exceptional offering will make its inroads gradually to more states catering to Single Malt Whisky consumers."  

As India’s retail sector expands its luxury offerings, DŌAAB India Craft Whisky positions itself to cater to whisky enthusiasts and new single malt consumers alike. Its blend of tradition, innovation, and attention to detail is expected to attract discerning audiences in key cities, with plans to expand further in the future.

Luxury watch retailer Time Avenue has introduced the Blancpain Fifty Fathoms Bathyscaphe special edition to its collection in Mumbai, expanding its offerings in India’s premium retail space. This collaboration brings Blancpain’s renowned expertise in dive watches to discerning customers in India, blending tradition and technical precision.  

Blancpain, established in 1735 and recognized as the world’s oldest watch brand, is celebrated for nearly 290 years of innovation in horology. The Fifty Fathoms collection is a hallmark of the brand's commitment to craftsmanship, featuring automatic in-house movements and complications such as moon phase indicators, flyback chronographs, and tourbillons. Known for its pioneering role in creating the modern dive watch, Blancpain has elevated the Fifty Fathoms into a timeless icon in the industry.  

The collection includes the Fifty Fathoms, the elegant Villeret, and the Ladybird series for women. Each embodies Blancpain’s dedication to precision and understated luxury. The Fifty Fathoms remains a favorite among divers and watch enthusiasts, combining durability with high-performance mechanics. The Villeret reflects classic elegance, offering features such as perpetual calendars and minute repeaters. The Ladybird collection showcases refined mechanical movements tailored for sophisticated designs.  

Blancpain's Area Sales Manager, Jalil El Kouch Bordier said, “Blancpain’s Fifty Fathoms is not just a watch; it’s a piece of history and a symbol of horological excellence. At Time Avenue, we are proud to showcase this iconic collection, which appeals to both seasoned divers and luxury watch enthusiasts alike. We believe our clientele will appreciate the blend of tradition, sophistication, and technical prowess that Blancpain brings to every piece."  

Blancpain’s Fifty Fathoms pieces, now available through Time Avenue, retain the key features that define the collection, such as waterproof construction, anti-magnetic protection, and a unidirectional bezel. These elements, inspired by the needs of scuba diving pioneers, continue to set industry standards.  

This collaboration marks a notable addition to Mumbai’s luxury retail segment, catering to customers in India who value the intersection of heritage, precision, and technical innovation. Blancpain’s Fifty Fathoms collection offers enthusiasts a glimpse into the brand’s legacy while maintaining its relevance for modern watchmaking.

Nippo, a well-known brand in the consumer battery industry, has made its entry into India’s home care sector with the launch of Nippo Swooper, an advanced mosquito repellent liquid vaporizer. This move leverages the growth potential of India’s mosquito repellent market, which is currently valued at approximately Rs 3,700 crore in 2024 and is projected to grow at a CAGR of 6.87 percent.  

The Nippo Swooper is developed with a Japanese MFT formula (Metofluthrin) designed to provide effective mosquito repulsion while offering a sandalwood fragrance that is both odour-friendly and soothing. This product is part of Nippo’s strategy to expand its footprint in the home care segment, addressing growing consumer demand for practical household solutions.  

Pavan Kumar, Chief Operating Officer of Nippo said, “With the launch of Swooper, we are excited to bring a fresh perspective to the home care sector. This expansion is a natural progression for us as we extend our commitment to delivering high-quality, effective products into the home care space. We also target on venturing into further format expansion under the home care segment. We aim to clock a target revenue of Rs 100 crore in two years’ time, through this segment and anticipate strong consumer adoption with our innovative approach.”  

Priced at Rs 80 for a refill and Rs 100 for a starter pack that includes a refill and a machine, the Nippo Swooper is designed to be accessible to households across India. It is available at retail outlets nationwide and through e-commerce platforms.  

Nippo’s entry into the home care market reflects broader trends within India’s retail landscape, where the demand for innovative and affordable solutions in categories like air fresheners and insecticides continues to rise. This diversification underscores Nippo’s focus on meeting evolving consumer needs while capitalizing on emerging opportunities in the home care industry.

Japan’s leading furniture and home-furnishing retailer, Nitori, will make its debut in India with the opening of its first store at Mumbai’s R City Mall in December 2024. Nitori has set an ambitious global target of 3,000 stores by 2032, aiming to achieve sales of approximately Rs 1.65 lakh crore within the same timeframe.

“Based on our mission statement ‘to enrich homes of people all over the world,’ we are aiming to be a company where customers all over the world would feel ‘glad that Nitori is here. We are going to accelerate our business expansion within the Asian region, which could achieve economic growth over the long term and serve as the core of the supply chain that supports the Group. With the support of everyone, we are able to bring Nitori products to customers in 11 countries/regions through our store in India, and we wish to support more customers,” said Akio Nitori, Representative Director and Chairperson (CEO), Nitori Holdings Co. Ltd.

The Nitori Group also operates several other business ventures, including Shimachu home improvement stores, Deco Home stores for home-furnishing essentials, and N Plus apparel stores for women. Currently, the group is focused on expanding its presence in Asia, with plans to open around 100 stores across the region by the end of FY25, bringing its total to 279 stores outside Japan.

“We are accelerating our store openings within the Asian region and managed to open the first store in the Philippines in April and in Indonesia in July. Now, we are opening a store in India, where economic growth is remarkable and demand for an enriched lifestyle with furniture and interior goods is on the rise,” said Masanori Takeda, Executive VP In Charge of Overseas Businesses at Nitori Holdings.

The store’s launch location, R City Mall, spans 1.2 million sq. ft. and features over 350 brands, drawing a monthly footfall of 8-10 lakh visitors. 

“We are thrilled to welcome Nitori, the Japanese home furniture giant, to R City Mall as they embark on their journey in the Indian market. Nitori’s launch marks an exciting addition that will undoubtedly enhance our shoppers’ experience, and we look forward to the delight it will bring to our patrons,” said Sandeep Runwal, Managing Director, Runwal Realty, the parent company of R City Mall.

The Nitori Group currently operates 832 stores in Japan and 203 locations globally, totaling 1,035 stores. Last year alone, the brand welcomed 340 million visitors, with over 100 million shoppers, solidifying its status as Asia’s number one home-furnishing retailer.

Jewellery retailer Senco Gold has reported a 1.6 percent increase in consolidated profit after tax (PAT), which amounted to Rs 12.1 crore for the second quarter ended September 2024. This represents a modest yet steady improvement compared to the same period last year when the company's PAT stood at Rs 11.6 crore. The announcement was made as part of a regulatory filing by Senco Gold, reflecting the company's ongoing efforts to strengthen its financial performance amidst a competitive market.

Senco Gold also reported a notable surge in its revenue from operations, which rose by 30.86 percent during the reviewed quarter. The revenue climbed to Rs 1,500.5 crore compared to Rs 1,146.6 crore in the corresponding quarter of the previous year. The impressive growth in revenue highlights the company's ability to navigate market challenges and capture emerging demand, particularly in key segments.

“The second quarter has been a phenomenally unexpected, good quarter with a growth level of close to 30 percent compared to the last quarter because of the duty cut, making it easier for the consumers to buy. There has also been a lot of rural demand coming from tier II, III, and IV cities due to the price coming down,” said Suvankar Sen, Gold Managing Director and CEO, Senco.

This indicates a strategic focus on catering to diverse customer bases, including a rising demand from rural regions and smaller towns, which contributed significantly to the overall growth.

The growth trajectory has also been reflected in the company's stock performance. On Friday, Senco Gold's shares closed at Rs 1,077.95 apiece on the BSE, marking an increase of 1.71 percent. This upward movement reflects investor confidence in the company's growth potential and its strategic initiatives to boost revenue and expand market reach despite challenging market conditions.

The Good Glamm Group, South Asia's largest direct-to-consumer beauty and personal care company, has finalized the complete acquisition of The Moms Co., solidifying its presence in retail and direct-to-consumer markets in India and beyond. This follows the Group's recent completion of its Sirona transaction and its increased shareholding in portfolio brands Organic Harvest and Winkl.  

Initially, in October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a cash and stock deal, enabling partial exits for founders Malika Sadani and Mohit Sadani, as well as full exits for investors like DSG Capital and Saama Capital. Over the past two years, the Group acquired the remaining shares held by the founders, marking the completion of a 100 percent acquisition.  

The Moms Co. has seen significant growth since its acquisition, aided by the Good Glamm Group's integration of key functions and its unique content-to-commerce strategy. The founders transitioned out of operational roles last year, transferring full control to the Group’s central team. This transition has been accompanied by a strategic push into retail and international markets, including the UAE, where The Moms Co. products are now available in Carrefour and Lulu stores.  

"It has been wonderful to see the Good Glamm team integrate The Moms Co across various functions and grow the brand over the last two years. We continue to cheer for and are excited for what lies ahead for The Moms Co. and the Good Glamm Group and wish the teams all the success in this next phase of growth,” said Malika Sadani and Mohit Sadani, Founders of The Moms Co.  

Darpan Sanghvi, Group Founder of the Good Glamm Group said, "It has been an incredible journey integrating The Moms Co into the broader Good Glamm Group framework to scale the business across D2C, offline, and international markets. The Moms Co. is highly trusted for its proven efficacy among moms and babies. The brand experienced significant growth over the last two years, and we aim to maintain this momentum by leveraging our content-to-commerce growth engine."  

In addition to its expansion efforts, The Moms Co. recently launched "The Mompreneurs Show – The Hunt for India’s Top Mom-led Startups" in August 2023. This initiative, aimed at supporting and mentoring mom-led startups across India, saw over 1 lakh registrations. From this pool, 80 finalists received mentorship from industry leaders, and the top three winners secured financial and marketing grants, along with opportunities for co-investments from advisory board members.  

The Good Glamm Group plans to continue its focus on innovation, customer satisfaction, and market expansion in India and internationally. Upcoming initiatives include the launch of new products, digital enhancements, and further penetration into global retail markets to strengthen its position in the beauty and personal care sector.

SuperYou, a protein food and supplements brand co-founded by Bollywood actor Ranveer Singh and entrepreneur Nikunj Biyani, has entered the Indian retail market with a unique offering—the country’s first protein wafer bar. Using advanced fermented yeast protein technology, the brand aims to provide a nutritious and convenient snack option for consumers across all age groups in India.

Ranveer Singh shared, “With SuperYou, I'm bringing a part of my own journey to everyone. I've always believed that power and unstoppable energy come from within, but sometimes, you need that extra boost. That's what SuperYou is about: it's that push, that charge in a bar that everyone can access. We've created something unique—something that's as fun and bold as it is good for you. With SuperYou, I wanted to break the mould of what a protein bar should be, so we've given it personality, flavours that excite, and a lightness that fits into anyone's lifestyle.”

The protein wafer bars pack 10 grams of protein and 3 grams of fiber per serving, with no added sugar. Available in flavors such as chocolate, choco-peanut butter, strawberry crème, and cheese, the product combines nutrition with taste. SuperYou plans to expand its lineup to include six to eight new flavors soon.

Nikunj Biyani, Co-Founder of SuperYou added, “Ranveer is a powerhouse and pure energy personified—he doesn't just live life, he charges through it, full throttle. That's the spirit behind SuperYou. We want SuperYou to be the go-to boost for anyone who wants to be big, bold, and full of life.”

The SuperYou protein wafer bars are available on the brand’s website, e-commerce platforms such as Amazon, Flipkart, Zepto, Blinkit, and Instamart, and in select modern retail stores like Reliance Fresh, Noble Plus, Wellness Forever, 7/11, Relay, and Nature’s Basket. Initially focusing on India’s top 10 cities, the brand is set to expand its footprint across the country.

This launch positions SuperYou as a significant player in the Indian retail and wellness market, aiming to provide accessible and innovative protein snacks that resonate with modern consumers.

SocksXpress, previously known as Balenzia and part of the Jagran Group, has unveiled its new brand identity, signaling a shift aimed at aligning more closely with India's evolving retail landscape. Known for delivering quality socks to customers across India, the brand's rebranding to SocksXpress reflects a move towards a more dynamic and modern approach to connect with consumers.  

Rahul Gupta, Founder and Director of SocksXpress stated, “Our previous name, Balenzia, represented our early journey, but we felt it was time for a change that would resonate more deeply with our customers and speak directly to the essence of what we offer. SocksXpress! is all about clarity, individuality, and self-expression. The name is straightforward, memorable, and captures our goal to be unapologetically all about socks, establishing us as a go-to brand in the category.”  

The brand aims to strengthen its presence in India’s retail market while setting its sights on global expansion. SocksXpress intends to redefine the socks category, offering a wide range of vibrant designs, trendy patterns, and collaborative collections.  

While the brand undergoes a visual transformation, including updated packaging, in-store displays, and digital touchpoints, it remains committed to maintaining the quality and dependability that built its reputation under the Balenzia name. Existing customers can continue to shop online and offline as the transition takes place.  

“Our goal is to make this transition as seamless as possible for our loyal customers while introducing SocksXpress! to a broader audience. This rebrand celebrates the community we’ve built and invites customers—both old and new—to join us in embracing their unique style,” added Gupta.  

With its refreshed identity, SocksXpress is positioning itself as a strong contender in India’s retail market, focusing on individuality, modern relevance, and a mission to dominate the socks category.

In a significant development for India's retail sector, Livpure, a customer-focused brand, has announced a 50 percent year-on-year revenue growth for the second quarter. This growth was attributed to innovative product introductions, strategic marketing investments, and an early festive season boost. Livpure’s efforts in value engineering and operational transformation have helped the brand strengthen its market presence in India.  

The company reported robust growth across various retail channels. General Trade revenue increased by 55 percent, while a combined growth of 66 percent was recorded in E-commerce and General Trade. Modern Trade experienced a notable 150 percent surge. Additionally, the service category achieved a 40 percent revenue increase, and Livpure’s core water purifier segment grew by 38 percent, underlining its focus on addressing customer needs with quality offerings.  

This top-line growth translated into a significant rise in EBITDA, which increased by 271 percent compared to Q2 of the previous year, with a 400-basis-point improvement quarter-on-quarter. This highlights Livpure’s ability to optimize operations and respond effectively to market demand, driving profitability.  

Rakesh Kaul, MD of Livpure stated, “Our Q2 results highlight the success of Livpure’s transformation journey, built on a foundation of innovation and operational excellence. We are deeply committed to developing products that resonate with our customers, supported by our strengthened go-to-market strategy. The strong results we have achieved this quarter give us even greater confidence in our ability to drive sustainable growth well into the future.”  

Livpure also introduced several new products in Q2, emphasizing sustainability and technological advancement. The Sereno Stainless water purifier, designed for enhanced filtration and user convenience, was among the notable launches. Additionally, the company expanded its product line with BLDC chimneys, offering energy-efficient and stylish solutions tailored to customer preferences for functionality and aesthetics in home appliances.  

Looking forward, Livpure plans to maintain its momentum by focusing on advanced, user-centric solutions and innovative approaches. With its transformation efforts and commitment to enhancing customer experience, the company aims to strengthen its position in India’s competitive retail landscape in the coming quarters.  

Godrej and Boyce, the Locks and Architectural Fittings and Systems division of the Godrej Enterprises Group, marked Home Safety Day 2024 with initiatives to enhance home safety awareness across India’s retail landscape. To support this mission, the company introduced the My Home Safety Plan and launched the advanced Advantis IoT9 smart lock. The new "Fear is Good" campaign was also unveiled, encouraging Indian homeowners to adopt proactive safety measures.  

The rising crime rate in India highlights the critical need for home safety measures. As per the National Crime Records Bureau (NCRB), the crime rate in 2024 stood at 445.9 per 100,000 people, with theft being the most reported crime. Aiming to address these concerns, Godrej introduced the My Home Safety Plan, offering two solutions: a complimentary Home Safety Checkup, which identifies safety vulnerabilities and provides expert recommendations, and the My Home Safety Quotient, an online tool delivering personalized safety scores and actionable suggestions.  

The launch of the Advantis IoT9 smart lock further supports this initiative. Designed specifically for Indian households, the lock features nine advanced modes of access, including wearables, NFC, Wi-Fi, biometric, and RFID card access, making it a versatile solution for modern homes. It ensures data security by storing encrypted data on secure Indian servers.  

Shyam Motwani, EVP and Business Head, Locks and Architectural Fittings and Systems, Godrej and Boyce said, “In the past three years, we have completed close to 1.5 lakh home safety checkups across 3,500 pin codes, resulting in a 25 percent increase in safety adoption rates. These assessments uncovered significant safety gaps, emphasizing the need for accessible and reliable solutions that families can trust. This year, we reaffirm our commitment to the ‘Har Ghar Surakshit’ mission, dedicated to raising home safety awareness nationwide. The launch of first-of-its-kind Advantis IoT9 smart lock exemplifies our commitment to technology and efforts to make Indian homes safer. The innovative ‘Fear is Good’ campaign is aimed to further communicate the importance of staying safe at home.”

As part of the "Fear is Good" campaign, Godrej partnered with actor Makarand Deshpande to emphasize the importance of safety awareness. The campaign challenges the mindset of "it won’t happen to me" and promotes a proactive approach to protecting homes and loved ones.  

Through innovative products like Advantis IoT9 and its commitment to home safety, Godrej and Boyce continues to lead in providing reliable solutions tailored to the evolving needs of Indian households.  

Brainbees Solutions, the parent company of FirstCry, a leading retailer of mother and baby care products, reduced its net loss by 47 percent year-on-year (YoY) to Rs 62.8 crore during the July-September quarter. This improvement is attributed to the company's ongoing focus on enhancing profitability while driving revenue growth.  

Supam Maheshwari, Co-Founder and CEO said, "We will continue to strive hard to demonstrate both topline and bottom-line expansion. As the mix (of business revenue) will change, we will be able to see a percentage-wise increase, while we will continue to optimise our overall spends in a way that our contribution margin post-marketing will continue to improve."  

During the quarter, the Pune-based company's operating revenue increased by 26 percent to Rs 1,905 crore, reflecting strong growth momentum.

GlobalBees, a subsidiary under FirstCry's house of brands, recorded an impressive 55 percent growth in revenue, significantly outperforming similar brands amidst a consumption slowdown. Explaining the growth, Gautam Sharma, Chief Financial Officer of the company, noted, "One of the important reasons for this growth in GlobalBees is also the advancement of some seasonal sales by the platforms on which GlobalBees sell their products."  

FirstCry’s commitment to profitability and topline growth showcases its resilience in navigating market challenges and sustaining its upward trajectory.

Despite a downturn in the broader wearables market, Gurugram-based gadgets and wearables brand Noise managed to maintain stable year-on-year revenue for the fiscal year ending March 2024.

Noise’s revenue from operations recorded a modest increase of 0.4 percent, reaching Rs 1,431 crore in FY24 compared to Rs 1,426 crore in FY23, according to its annual financial statements filed with the Registrar of Companies. The company's total revenue, encompassing wearables, audio products, scrap sales, allied services, and interest income, amounted to Rs 1,440 crore for the year. Wearables contributed 79.8 percent to overall sales, while audio products accounted for 19.7 percent.

Material procurement was the largest cost driver for Noise, representing 67.7 percent of total expenditure and amounting to Rs 989 crore in FY24. Employee benefit expenses saw a 53 percent increase to Rs 78 crore, including Rs 6 crore allocated for ESOPs. The brand also invested Rs 286 crore in marketing and advertising. Additional expenses such as warranties, freight, legal fees, and other overheads pushed the company's total expenses to Rs 1,460 crore for the year.

The slight revenue growth, combined with increased spending on employee benefits and other areas, led to a Rs 20 crore loss for Noise in FY24. The company reported a return on capital employed (ROCE) of 5.36 percent and an EBITDA margin of 0.83 percent, with a cost-to-earnings ratio of Rs 1.02 per rupee earned during the fiscal period.

Notably, during this time, Noise established a wholly-owned subsidiary, Noise Lab Co., in China and entered a 50-50 joint venture with Stelltek Technologies. As of FY24, the company’s current assets stood at Rs 773.26 crore, which included cash and bank balances totaling Rs 85.4 crore.

During FY24, Noise also announced its first funding round from global audio giant Bose, raising $10 million at a valuation of $460 million under the leadership of Gaurav Khatri.

In comparison, Noise’s competitor boAt saw flat revenue growth, with a 5 percent decline to Rs 3,122 crore in FY24, but managed to achieve positive EBITDA, marking a return to profitability and stronger unit economics compared to the previous fiscal year.

According to an IDC report, the Indian wearables market witnessed its first-ever decline in the June 2024 quarter, with a 10 percent drop to 29.5 million units sold. The decline was driven by excess unsold inventory and limited innovation, with brands such as Oppo and OnePlus experiencing the steepest drops at 35.8 percent, followed by Fire-Boltt (24.3 percent), Noise (13.9 percent), and boAt (9.8 percent).

Honasa Consumer Ltd, a key player in India’s retail FMCG sector with brands like Mamaearth and The Derma Co, reported a consolidated loss of Rs 18.57 crore for the second quarter ending September 30, 2024. This loss was attributed to inventory correction, compared to a profit of Rs 29.43 crore in the same period last year. The company also saw a decline in revenue from operations, which fell 6.9 percent to Rs 461.82 crore, the same amount as the previous year.

The company explained that while the revenue for Q2 was Rs 462 crore, reflecting a 6.9 percent growth, the figure adjusted for inventory correction stood at Rs 525 crore, with a growth rate of 5.7 percent. Additionally, the EBITDA margin for the September quarter saw a decline of 6.6 percent, with an adjusted EBITDA margin of 4.1 percent.

Honasa Consumer’s Chairman and CEO, Varun Alagh said, “In this quarter, we have taken strategic steps towards transitioning from super-stockists to direct distributors in the top 50 cities. This transition has impacted our revenue and profits, leading to a slowdown for Mamaearth.” Despite the short-term slowdown, Alagh believes the change will strengthen the company’s offline go-to-market strategy in the coming quarters, positioning it for future growth."

The company’s total expenses increased by 9.1 percent to Rs 506.21 crore, and its total income for the quarter decreased by 4.24 percent, reaching Rs 481.84 crore. Shares of Mamaearth settled at Rs 369.75 on the BSE, reflecting a 1.48 percent increase from the previous close.

Galaxy High Street (GHS), a leading shopping destination in South Gujarat, has announced the expansion of its Raymond franchise store, owned by the Arete Group. The store, located in Vapi, has been significantly extended, offering a more spacious and enhanced shopping experience for its customers. The newly expanded Raymond store now spans 8,500 sq. ft., strategically spread across three floors, marking a notable increase of 3,500 sq. ft. from its previous size.

This expansion not only increases the store’s physical footprint but also introduces a wider variety of premium offerings, including Raymond’s exclusive product lines such as Ethnix and Made to Measure. These personalized services were previously unavailable in Vapi, as well as in nearby locations like Silvassa, Valsad, and Daman. By offering these new lines, the store aims to cater to the evolving needs and preferences of customers, bringing high-quality, tailor-made options closer to the region.

“Galaxy High Street has always strived to provide a diverse and premium shopping experience. The expansion of Raymond’s store, with exclusive offerings like Ethnix and Made to Measure, reaffirms our dedication to meeting our customers’ evolving expectations,” said Siraj Saiyed, director of Arete Group of Companies.

The expansion of Raymond’s store strengthens Galaxy High Street's position as a leading commercial hub in the region. In addition to Raymond, GHS houses a diverse range of popular retail brands, including Levi’s, Fab India, Rare Rabbit, Miniso, Only, Speaker, Jack & Jones, and Skechers, offering a one-stop destination for shopping enthusiasts. The diverse brand mix ensures that customers have access to high-quality products across various categories, from apparel to footwear and accessories.

Raymond Lifestyle Ltd., known for its iconic brands such as Park Avenue, ColorPlus, Parx, Raymond Made to Measure, Raymond Fine Fabrics, Raymond Ready to Wear, and Ethnix by Raymond, continues to be a leader in the Indian apparel market. With over 1,500 stores across 600 cities and towns, Raymond boasts one of the largest and most extensive retail networks in the country, further solidifying its presence in both urban and semi-urban areas.

The newly expanded Raymond store at Galaxy High Street is expected to attract a significant number of shoppers from across the region, offering an elevated retail experience that blends tradition with modernity. As the store’s footprint continues to grow, it reinforces Raymond’s commitment to providing customers with high-end fashion options that are both stylish and tailored to perfection.

Honasa Consumer Ltd., the parent company of popular FMCG brands such as Mamaearth and The Derma Co., reported a consolidated loss of Rs 18.57 crore for the second quarter ending 30th September 2024, primarily due to inventory correction.

This marks a significant shift from the same period last year when the company reported a profit after tax of Rs 29.43 crore, according to a regulatory filing.

The company’s revenue from operations declined by 6.9 percent to Rs 461.82 crore in Q2 FY24, compared to Rs 494.35 crore during the same quarter in the previous fiscal. “Revenue in Q2 stood at Rs 462 crore reflecting around 6.9 per cent growth, while revenue adjusted for inventory correction was Rs 525 crore with the growth rate of 5.7 per cent,” Honasa Consumer noted in its earnings statement.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) margin for the quarter saw a decline of 6.6 percent, with the adjusted EBITDA margin, accounting for inventory correction, reported at 4.1 percent.

Varun Alagh, Chairman and CEO, Honasa Consumer, explained that the company has been focused on optimizing its distribution model in recent months. “In this quarter, we have taken strategic steps towards transitioning from super-stockists to direct distributors in the top 50 cities. This transition has impacted our revenue and profits, leading to a slowdown for Mamaearth,” he stated. However, he added that this realignment would bolster the company’s offline go-to-market strategy in the coming quarters, setting the stage for future growth.

The total expenses for Honasa Consumer in Q2 FY25 stood at Rs 506.21 crore, marking an increase of 9.1 percent compared to the same period last year. Total income for the quarter also saw a decline, dropping by 4.24 percent to Rs 481.84 crore.

On the stock front, shares of Mamaearth closed at Rs 369.75 on Thursday, reflecting a 1.48 percent increase from the previous day’s close.

Swiss Military Consumer Goods Ltd. has posted a strong financial performance for Q2 and H1 of FY 2024-25, reflecting significant revenue and profit growth from strategic investments and operational efficiency improvements. The company, focused on strengthening its retail position in India, saw its Q2 consolidated revenue reach Rs 55.56 crore, marking a 27.57 percent increase compared to the same quarter in FY 2023-24. Profit before tax (PBT) in Q2 rose to Rs 2.78 crore, an 8.89 percent increase. For the first half of FY 2024-25, revenue totaled Rs 101.94 crore, up 21.23 percent, with a PBT of Rs 5.11 crore, a 4.62 percent increase from H1 FY 2023-24.

On a standalone basis, Q2 revenue was reported at Rs 53.77 crore with a PBT of Rs 2.65 crore, while H1 standalone revenue reached Rs 99.09 crore and PBT stood at Rs 5.72 crore.

Anuj Sawhney, MD of Swiss Military Consumer Goods Ltd said, “We are pleased to report strong growth across key financial metrics, driven by our strategic initiatives and continued focus on strengthening our core business operations. Our ability to adapt to the evolving market environment and drive innovation has been instrumental in achieving these impressive results.”

Highlights for Q2 FY 2024-25:

• Rights Issue Completion: The company completed a rights issue of equity shares, oversubscribed by 220 percent, underscoring strong shareholder confidence. The capital raised will support strategic growth efforts, including establishing a manufacturing facility for luggage and travel products.
• Brand Expansion in India: The company has extended its market presence in Southern and Western India, strengthening brand recognition and reinforcing its position in the growing Indian luggage market, forecasted to grow at a CAGR of 14.4 percent from 2024 to 2030.
• Supply Chain Optimization: To manage inflationary pressures, the company optimized its supply chain to maintain profit margins despite higher raw material costs.
• New Product Lines: Swiss Military is diversifying its offerings to include more sustainable travel products, appealing to eco-conscious consumers.

Outlook and Strategy:

Looking forward, Swiss Military aims to leverage growth opportunities in the luggage market, driven by rising tourism, disposable incomes, and e-commerce expansion. The company’s strategy will focus on:

• Manufacturing Expansion: With funds from the rights issue, Swiss Military plans to establish its luggage manufacturing facility, increasing production capacity and enhancing quality control.
• Product Innovation: To meet consumer demand, the company will emphasize creating durable and stylish products, including environmentally friendly options.
• Digital Growth: Swiss Military is expanding its digital and e-commerce footprint, aiming to boost online sales and brand visibility.
• Sustainable Practices: The company is committed to integrating sustainable practices across its sourcing, manufacturing, and packaging processes.

Sawhney said, “We are excited about the future and are confident that our strategic initiatives will position Swiss Military Consumer Goods Ltd. for long-term success in the growing luggage and travel gear market. With our strong financial performance and shareholder support, we are well-equipped to capitalize on the opportunities ahead.”

Swiss Military Consumer Goods Ltd continues to strengthen its retail presence in India, building a foundation for growth in the country’s expanding luggage and travel gear market.

Agro Tech Foods Limited (ATFL), a key player in India’s food and edible oils market known for brands like ACT II popcorn and Sundrop, has announced its acquisition of Del Monte Foods Private Limited (DMFPL), pending approvals. This transaction strengthens ATFL’s presence in the retail sector across India, allowing it to diversify and expand its product offerings under the potential new name, Sundrop Brands.

DMFPL, previously a joint venture with Bharti (59.29 percent) and DMPL India Limited (40.71 percent), will transfer ownership, making Bharti and DMPL public shareholders in ATFL. Additionally, ATFL will gain a perpetual license to the Del Monte brand for India, reinforcing its long-term position in the market.

The acquisition includes Del Monte’s extensive product lineup, including Italian products, sauces, ketchup, dips, spreads, and beverages. These additions align with ATFL’s focus on quality food solutions, allowing it to serve a broader customer base across traditional retail, modern retail, quick-service restaurants, and food services.

ATFL also acquires Del Monte’s manufacturing and R&D facilities in Hosur, Tamil Nadu, and Ludhiana, Punjab. These facilities, known for innovation and quality, will support ATFL’s expansion and the development of new products tailored to Indian consumers.

With this acquisition, ATFL has appointed Nitish Bajaj as Group Managing Director. Bajaj, with over 28 years of experience in consumer goods, has held previous roles as CEO of Piramal's Consumer Products Division and SVP of Marketing at CEAT Tyres.

Asheesh Kumar Sharma, CEO and Executive Director of ATFL said, “We are thrilled to welcome Del Monte Foods into the Sundrop Brands family. This partnership aligns perfectly with our enhanced vision of bringing joyful food experiences to the modern consumer. Working closely with Nitish Bajaj, we intend to deliver maximum value to all stakeholders.”

Harjeet Kohli, Joint Managing Director of Bharti Enterprises added, “Bharti is excited to announce the combination of ATFL and Del Monte Foods Private Limited, making Bharti the second largest shareholder. Leveraging synergies and a loyal consumer base, this transaction is set to bolster the platform’s scale and margin profile, offering a diverse portfolio to consumers and accelerating growth.”

Del Monte Pacific Limited (DMPL) added, “India has been an exciting market for Del Monte. With Sundrop Brands, we believe the Del Monte brand will reach new heights in India. This transaction supports our strategic focus on growth-driven partnerships.”

This acquisition represents ATFL’s strengthened commitment to the Indian retail market, promising growth and enhanced offerings for consumers across the country.

In a notable development for India's retail and frozen food sectors, Wardwizard Foods and Beverages Limited has expanded its presence in the international market with shipments under the QuikShef brand to Canada, the USA, and the UAE. This export initiative brings a diverse selection of Indian ready-to-eat meals to these countries, including popular items like Palak Paneer, Dal Makhni, and Kadhi Pakoda, as well as customized regional offerings such as Gujarati Dal and Amritsari Chole. For Canada, the export also includes frozen fusion foods like Jain Pizza, Tandoori Paneer Pizza, and snacks like Cheese Corn Samosas and Burger Patties, tailored to appeal to varied consumer preferences.

Sheetal Bhalerao, Chairperson and MD of Wardwizard Foods and Beverages Ltd said, “Our journey towards taking authentic Indian flavors to the global market is gaining momentum with each new milestone. This shipment is a step towards sharing the richness of Indian cuisine with an international audience. We are pleased to see QuikShef products reach new regions, from traditional Indian meals to fusion items like our pizzas, resonating with consumers abroad. Looking ahead, our goal is to enter additional global markets, offering a versatile range of flavors that embody the richness of Indian cuisine and cater to diverse tastes worldwide.”

The consignment to Canada, directed to Ontario and Toronto, includes 1,320 boxes of high-quality vegetarian meals that align with changing international consumer tastes. This strategic shipment highlights the growing demand for Indian cuisine overseas and positions Wardwizard as an emerging player in the global frozen food market.

Additionally, Wardwizard Foods and Beverages recently exported its QuikShef product line to the USA, where items are available in the Indian Grocers retail chain in New Jersey. Earlier this year, the company shipped 1,300 cartons of ready-to-eat products to Dubai in May, followed by a shipment of 500 cartons to New Jersey in June, marking a continued focus on expanding in markets with a strong appetite for Indian flavors.

As the trend for convenient, high-quality frozen foods gains momentum globally, Wardwizard is well-positioned to meet demand by offering authentic Indian cuisine that appeals to a variety of palates. This recent export milestone also emphasizes India’s growing role as a hub for premium frozen food manufacturing, presenting expanded opportunities for domestic brands in the international market.

Wardwizard Foods and Beverages Limited remains committed to delivering innovative food products and contributing to India’s export growth. This achievement signifies another step in the company’s journey to become a recognized leader in the global frozen food sector.

Gokaldas Exports has delivered a robust performance in the second quarter, with a remarkable 85 percent year-on-year revenue growth, reaching Rs 942 crore, up from Rs 509 crore in the same period last year. This surge in revenue reflects the company’s continued strong performance despite the challenges posed by the global market.

Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director, Gokaldas Exports stated, “We reported healthy growth in total income both in the quarter and half year indicating a sustained growth momentum. The majority of the growth during the quarter was contributed by Gokaldas Exports excluding Atraco & Matrix, as it is a seasonally lean period for both the acquired entities.”

Founded in 1985, Gokaldas Exports has grown to become India’s largest manufacturer and exporter of apparel. With a significant operational footprint, the company operates over 23 garment production factories across India, serving a diverse set of international markets. Known for its high-quality products and efficient manufacturing capabilities, Gokaldas Exports has firmly established itself as a leader in the apparel export industry, poised for further growth as it continues to expand its reach in the global market.

Looking ahead, Ganapathi expressed optimism about the future performance of these acquired entities. He further stated, “We expect better volume pick-up in both the acquired entities in upcoming quarters with the sustained stable performance of the company going forward.” This forward-looking statement underscores the company’s confidence in the growth potential of its acquisitions, as they recover from their seasonal lull and gain traction in upcoming quarters.

The company’s continued focus on improving operational efficiency, expanding its market share, and integrating new acquisitions positions it well for sustained success in the coming quarters.

Phoenix Palladium, India’s leading luxury retail hub, has introduced a reimagined Mogra to its array of high-end brands. Known for showcasing both emerging and established talent, Mogra’s relaunch brings a fresh lineup of designers from across India, highlighting founder Gayatri Ruia’s twenty-year vision in Indian fashion. This new collection emphasizes versatile, stylish options suitable for every age group and occasion, from professional settings to sophisticated events.

Ruia noted, “Over the decades, I have learned so much about what an Indian consumer wants, and now, as a mother to two young adult daughters, I wanted Mogra to be a space where they, and young women like them, could discover their Indian fashion identities, especially for wedding and occasion wear.”

Mogra’s offerings will continue to evolve, with new plans to enhance in-store experiences. Starting next year, Mogra will introduce a monthly pop-up space to showcase exclusive capsule collections from rotating designers, providing a dynamic, ever-refreshing retail experience.

Since 2004, Mogra has redefined accessible luxury in India, pioneering the multi-brand designer store concept in Mumbai. The store offers a curated selection of high-quality apparel, spanning accessories, contemporary silhouettes, and traditional attire like saris and lehengas. Visitors to Mogra are introduced to a carefully crafted sensory experience, allowing them to explore the diversity of Indian fashion from cities like Delhi, Kolkata, and Chennai.

With this milestone relaunch at Phoenix Palladium, Mogra invites customers to explore the timeless elegance of Indian design, creating what Ruia describes as a “visual fragrance” for each visitor.

Located in Lower Parel, Phoenix Palladium is an iconic retail destination with more than 250 premium brands. With luxurious amenities including a Concierge Desk, Wi-Fi, and valet parking, the mall’s sophisticated setting provides an ideal home for Mogra’s refined offerings, enhancing the rich blend of global fashion and lifestyle brands that Phoenix Palladium is known for.

Elista, the innovative consumer electronics brand under TeknoDome, is accelerating its global growth with a bold strategy aimed at reaching Rs 1,500 crore in revenue by 2026. Founded as a startup during the pandemic in 2020, Elista has rapidly transformed into a global brand, now present in over 18 countries, with plans to extend its reach even further in the coming years.

The brand’s latest expansion into Tanzania marks a significant milestone in its East African strategy, reinforcing Elista’s commitment to making advanced technology accessible to new markets. This move follows successful entries into regions including the UAE, Africa, CIS, and parts of Asia, reflecting Elista's ability to thrive in a variety of international markets.

“Our expansion into Tanzania and other global markets is a testament to Elista’s dedication to innovation and our vision of global accessibility. From the challenges we overcame during our pandemic-era launch to our current international footprint, our journey reflects resilience, adaptability, and the unwavering goal of bringing high-quality, affordable technology to consumers worldwide. We are driven by our Rs 1,500 crore revenue target for 2026 and will leverage our strengths in innovation, affordability, and local manufacturing to achieve this,” said Saket Gaurav, Chairman at Elista.

Since its first foray into the UAE market in 2022, Elista has shown a strong commitment to understanding and meeting regional consumer needs. The brand’s extensive product range—starting with Smart TVs and expanding to include washing machines, air conditioners, coolers, IT accessories, and more—has struck a chord with consumers seeking both quality and innovation. The introduction of region-specific products, like water dispensers and batteries, further illustrates Elista’s focus on product localization to meet diverse consumer demands.

Looking ahead, Elista plans to extend its reach to over 35 countries within the next two years. This ambitious global expansion strategy aligns with the company’s focus on both domestic and international growth. Elista expects to generate approximately Rs 500 crore from its strong Indian market, with the remaining revenue driven by international sales, reinforcing its commitment to both global leadership and contributing to India’s ‘Atmanirbhar Bharat’ initiative.

Central to Elista’s expansion is its investment in manufacturing excellence. The company is in the process of setting up a new facility designed to produce 1 million Smart TVs and 1 million computer monitors annually. This new facility not only boosts production capacity but also aligns with Elista’s “Making in India for the World” initiative, ensuring high standards of quality and production efficiency.

Sustainability and energy-efficient technology are also key pillars of Elista’s growth strategy. The brand’s focus on responsible innovation and reliable after-sales support has helped build a strong reputation, ensuring long-term customer loyalty and positioning Elista as a dependable global player.

With a clear strategic roadmap in place, Elista is poised to become a household name worldwide, fulfilling its mission to empower consumers and improve lives through cutting-edge technology.

French luxury fashion house Yves Saint Laurent’s (YSL) beauty division, YSL Beauty, has made its debut in South India with the opening of a new store in Bengaluru. The new store marks a significant milestone for the brand's growth in the Indian market. The newly launched store is located in the vibrant Phoenix Mall of Asia, situated in Byatarayanapura, an area well-known for its bustling retail scene. The store’s opening is being celebrated as a landmark event for the brand's expansion, bringing YSL Beauty’s exclusive offerings to a new customer base in South India.

Another first in town! Thrilled to share YSL Beauty has launched their first outlet in South India at Mall of Asia,” said Tanul Bheda, General Manager – Leasing at Phoenix Mall of Asia.

The Bengaluru store will feature YSL Beauty’s signature products, including its iconic lipsticks, foundations, eye palettes, mascaras, and a range of other high-end beauty essentials. Known for its commitment to quality and luxury, YSL Beauty is expected to become a sought-after destination for beauty enthusiasts in the region.

Founded in 2001 under the L’Oréal Group, YSL Beauty has long been recognized for blending cutting-edge beauty innovations with the heritage of the legendary Yves Saint Laurent fashion house. Since entering the Indian market earlier this year, YSL Beauty has rapidly gained a strong following, largely driven by its partnership with fashion and beauty retailer Nykaa, which began in July 2024.

The launch of the Bengaluru store is the latest step in YSL Beauty’s expansion strategy, following the brand's successful opening of its first flagship store in New Delhi. With a growing presence in the Indian market, YSL Beauty is set to offer a luxurious shopping experience to an increasing number of consumers across the country.

Kalyan Jewellers India Limited has reported a consolidated revenue increase of 32 percent for the first half of FY25, reaching Rs 11,601 crore, compared to Rs 8,790 crore in the previous year. With retail operations expanding across India, the company recorded a consolidated profit after tax (PAT) of Rs 308 crore for H1 FY25, up from Rs 278 crore year-on-year. In Q2 FY25, Kalyan Jewellers’ consolidated revenue was Rs 6,065 crore, with a PAT of Rs 130 crore. A one-time loss of Rs 69 crore was noted due to a reduction in customs duty in India during the second quarter.

India’s standalone revenue reached Rs 9,914 crore for H1 FY25, up 34 percent from Rs 7,395 crore in H1 FY24. The company’s India operations registered a PAT of Rs 285 crore in the first half, an increase from Rs 254 crore in the prior year. For Q2 FY25, the standalone revenue stood at Rs 5,227 crore, with a PAT of Rs 120 crore.

In the Middle East, Kalyan Jewellers recorded a 21 percent rise in revenue, reaching Rs 1,611 crore in H1 FY25, up from Rs 1,329 crore in the same period last year. The Middle East operations posted a PAT of Rs 33 crore, up from Rs 29 crore year-on-year. Q2 FY25 revenue for this segment was Rs 800 crore, with a PAT of Rs 14 crore.

The e-commerce arm, Candere, saw H1 FY25 revenue grow to Rs 80 crore from Rs 66 crore in H1 FY24. However, Candere reported a net loss of Rs 6 crore for H1 FY25, compared to a Rs 4.8 crore loss in the prior year. In Q2 FY25, Candere’s revenue was Rs 41 crore, with a net loss of Rs 3.8 crore.

Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers India Limited said, “We are extremely excited with the way the current year has progressed thus far, despite volatile gold prices and the ongoing quarter is also witnessing robust footfalls. We recorded SSSG in excess of 20 percent for the Diwali minus 30 days period when compared to the base year. We are upbeat about the ongoing wedding season across the country and hope to end the calendar year on a very strong note.”

Kalyan Jewellers continues to experience substantial growth in its India retail sector and anticipates closing the year on a positive trajectory amidst the current festive and wedding season.

ASICS has introduced its latest GT-2000 13 model in the Indian retail market, designed to offer enhanced comfort and lightweight stability for runners. Tailored to meet the needs of various workouts and running styles, the GT-2000 13 is engineered with ASICS’ 3D GUIDANCE SYSTEM, ensuring seamless adaptation to each runner's movements for a smooth experience over any distance.

The GT-2000 13 shoe features the 3D GUIDANCE SYSTEM, which delivers adaptive stability across each stride. This system includes a three-dimensional midsole that minimizes excessive collapse while running, paired with a wider outsole to promote stable foot movement and efficient transitions from heel to toe. This combination provides consistent support for runners who prioritize both stability and comfort.

Incorporating advanced comfort features, the GT-2000 13 utilizes PureGEL technology in the heel to improve shock absorption, resulting in softer landings and a smoother ride. This technology minimizes foot strain, enabling longer runs with enhanced comfort.

The shoe also integrates FF BLAST PLUS cushioning, a lightweight and responsive material that delivers energetic rebound along with a soft feel, enhancing the running experience with added cushioning. The updated engineered mesh upper balances breathability and support, while the lightweight design improves comfort throughout the run.

Other improvements include a denser insole for a better fit and a smoother ride, making the GT-2000 13 a strong choice for runners seeking a blend of comfort, stability, and versatility in their footwear.

Tomoki Ishizashi, Performance Running Footwear, Stability Silo Developer at ASICS said, “The GT-2000 13 is the perfect lightweight stability shoe for every workout, for every runner. Through the ASICS Design Philosophy, ASICS focuses on creating outstanding products and making movement feel better, in body and mind. As part of our design philosophy, the GT-2000 13 shoe is committed to sustainability by using recycled materials. This versatile trainer takes runners on an exhilarating journey that moves the body and inspires the mind. With the GT-2000 13 shoe, we hope runners will run with excitement and get their hearts racing."

ASICS’ GT-2000 13 model reflects the brand’s commitment to providing quality footwear for runners in India, with features that support an adaptable, comfortable, and stable running experience.

Cantabil Retail India Ltd has announced its financial results for the second quarter ending September 30, 2024. The company reported revenue of Rs 151.2 crore and a net profit of Rs 6.6 crore for Q2. For the six months ending on the same date, Cantabil’s revenue reached Rs 279.1 crore, showing a year-over-year growth of 13 percent, with a profit after tax (PAT) of Rs 18 crore. The company’s EBITDA rose by 16 percent year-over-year, totaling Rs 73.9 crore for the half-year period.

As part of its retail expansion in India, Cantabil has opened 23 new exclusive stores across various states, including Gujarat, Haryana, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand, bringing its store count to over 550 nationwide. This growth highlights the company's strategy to expand its footprint in both offline and online channels, solidifying its position in the Indian retail industry.

Vijay Bansal, Chairman and MD of Cantabil Retail India Limited said, “We are pleased to report a robust beginning to FY25, with our Company achieving an impressive 29.4 percent volume growth in H1 FY25. Notably, this success was accomplished despite challenging market conditions and adverse weather conditions, particularly the heat wave in North India and extended monsoon, which impacted consumption.”

Bansal outlined the company’s strategic focus on enhancing customer access and brand presence. “Our strategic agenda is focused on enhancing customer convenience, reinforcing our brand promise, and driving growth through expanded reach, bringing us closer to customers; entry into newer markets; diversification across segments and categories and elevating the shopping experience.”

Cantabil anticipates an improvement in consumer spending as the festive and wedding seasons coincide with a favorable economic environment. “The combination of above-normal monsoons, festive season, and wedding season is expected to drive improvement in discretionary spending. Additionally, the government’s focus on consumption stimulus will further bolster demand,” Bansal noted, adding that companies with strong brand loyalty and customer connections are well-positioned to benefit from these conditions.

Looking ahead, Cantabil aims to capitalize on emerging opportunities in India’s fashion retail sector by expanding its store network and strengthening its market presence. “We are committed to shifting gears, capitalizing on emerging opportunities, and solidifying our position as a leader in the fashion apparel sector,” Bansal concluded.

Cantabil's approach aligns with the current market environment, targeting sustainable growth through a robust retail strategy and expansion into emerging markets across India.

Elista, a leading consumer electronics brand under TeknoDome, is driving forward with an aggressive global expansion strategy aimed at achieving Rs 1,500 crore in revenue by 2026. From its origins as a startup during the pandemic in 2020, Elista has rapidly grown into an international brand, currently operating in over 18 countries. The company plans to significantly extend its reach across various global markets in the coming years.

The company’s recent entry into Tanzania marks a significant step in its East African expansion, emphasizing its commitment to making cutting-edge technology accessible in new regions. This follows successful expansions into markets such as the UAE, parts of Africa, CIS countries, and Asia, further solidifying Elista’s adaptability in diverse global environments.

Saket Gaurav, Chairman of Elista said, “Our expansion into Tanzania and other global markets is a testament to Elista’s dedication to innovation and our vision of global accessibility. From the challenges we overcame during our pandemic-era launch to our current international footprint, our journey reflects resilience, adaptability, and the unwavering goal of bringing high-quality, affordable technology to consumers worldwide. We are driven by our Rs 1,500 crore revenue target for 2026 and will leverage our strengths in innovation, affordability, and local manufacturing to achieve this.”

Since its entry into the UAE market in 2022, Elista has shown a strong commitment to understanding regional consumer needs. The brand, initially focused on Smart TVs, has expanded its product portfolio to include washing machines, air conditioners, coolers, IT accessories, and more. Elista has also tailored its product offerings to international markets, such as introducing water dispensers and batteries, in line with its strategic product localization approach.

Elista’s goal of establishing a presence in over 35 countries within the next two years reflects a dual-focus strategy that balances both domestic and international growth. The company expects to generate approximately Rs 500 crore from the Indian market, with the remaining growth driven by international sales. This supports Elista’s broader vision of contributing to India's 'Atmanirbhar Bharat' initiative while maintaining its leadership position in the consumer electronics sector.

A key aspect of Elista’s expansion is its commitment to manufacturing excellence. The company is investing in a new facility with the capacity to produce 1 million Smart TVs and 1 million computer monitors annually. This facility will strengthen Elista’s production capabilities and underscores its "Making in India for the World" initiative, aimed at ensuring high-quality standards and efficient production.

Sustainability and energy-efficient technology are also central to Elista’s growth strategy. The company’s focus on responsible innovation, combined with strong after-sales support, has helped solidify its reputation as a reliable global brand, fostering long-term customer loyalty.

With a clear vision and robust roadmap, Elista is poised to become a major global player, fulfilling its mission to empower consumers and improve lives through innovative technology.

Cupid Limited, a key player in India’s retail and FMCG market, has reported its financial performance for the quarter ending September 30, 2024. The company, recognized for its range of male and female condoms, personal lubricants, IVD kits, and various FMCG products, showed significant growth across several financial metrics, reflecting a robust trajectory in both its domestic and global operations.

Q2 FY25 Financial Performance

• Total Income: Rs 4,728.55 lakhs, up 29.73 percent from Rs 3,644.97 lakhs in Q2 FY24.
• Operating Income: Rs 4,155.49 lakhs, an increase of 20.58 percent over the previous year’s Rs 3,446.37 lakhs.
• EBITDA: Rs 1,027.94 lakhs, showing a 96.66 percent growth from Rs 522.71 lakhs.
• EBITDA Margin: Improved to 24.74 percent from 15.17 percent, an increase of 957 basis points.
• Net Profit: Rs 1,003.87 lakhs, up by 96.22 percent from Rs 511.61 lakhs.
• Net Profit Margin: Reached 24.16 percent, compared to 14.84 percent in Q2 FY24, up by 932 basis points.

H1 FY25 Financial Performance

• Total Income: Rs 9,131.15 lakhs, up by 27.45 percent from Rs 7,164.74 lakhs in H1 FY24.
• Operating Income: Rs 8,068.81 lakhs, increasing 18.42 percent from Rs 6,813.97 lakhs.
• EBITDA: Rs 1,693.85 lakhs, up 2.4 times from Rs 704.82 lakhs.
• EBITDA Margin: Rose to 20.99 percent, an increase of 1,065 basis points from 10.34 percent.
• Net Profit: Rs 1,829.38 lakhs, up 2.5 times from Rs 727.40 lakhs.
• Net Profit Margin: Increased to 22.67 percent, a rise of 1,199 basis points from 10.68 percent in H1 FY24.

Operational Highlights
Cupid Limited has recently expanded its B2C offerings with new products such as Eau De Parfums (EDPs), deodorants, almond hair oil, massage oils, and toilet seat sanitizers. This expansion supports the company’s strategy to strengthen its retail footprint in India, focusing on super stockists, distributors, and increased retail touchpoints. Additionally, the IVD (In Vitro Diagnostic) business has seen continued growth, with automation advancements underway.

The company has also invested in contract manufacturing for major domestic FMCG and pharma brands, and ordered automated packaging equipment for condoms to enhance productivity. Internationally, Cupid’s B2B teams have actively expanded partnerships with current and new customers, securing new tenders, and expanding OEM and branded business opportunities.

Aditya Kumar Halwasiya, MD said, “We are delighted to announce a good set of numbers for the quarter. On the operational efficiency front, we have delivered great margins on a YoY quarterly basis, in spite of seeing an increase in depreciation and employee costs.”

Cupid Limited has also begun the groundwork for its new Cupid Palava Plant, with land leveling and construction of the compound wall currently in progress. The company aims to commence operations at this new plant by December 2025. Halwasiya highlighted that orders for machinery at the new facility are planned for Q3 and Q4 of FY25.

Looking ahead, the company expects to achieve a revenue milestone of Rs 60 crore from its domestic B2C business, with a target of reaching over 150,000 retail touchpoints in India by the end of FY25. With partnerships in modern retail and co-branding initiatives, Cupid is also pursuing greater visibility across retail chains and e-commerce channels. Based on current growth, the company anticipates Rs 125 crore revenue from the domestic B2C segment in FY26.

FSN E-Commerce Ventures, the parent company behind the popular beauty and lifestyle brand Nykaa, announced a robust increase in its consolidated net profit for the second quarter ending September 30, 2024. The company reported a net profit of Rs 12.97 crore, reflecting a 66 percent rise compared to Rs 7.8 crore recorded during the same period last year.

Nykaa's consolidated revenue from operations experienced a significant boost of 24.4 percent, amounting to Rs 1,874.84 crore in the reported quarter, up from Rs 1,507.02 crore in the corresponding quarter of 2023. This impressive growth underscores the brand's ability to adapt to evolving market dynamics, strengthen its consumer appeal, and effectively meet the demand for beauty and lifestyle products.

The company’s beauty segment was a standout performer, with a 29 percent year-on-year (YoY) increase in gross merchandise value (GMV), which reached Rs 2,783.3 crore during the quarter. This rise was largely driven by successful new customer acquisition efforts, which saw a 31 percent YoY growth. "This was fuelled by new customer acquisition growth of 31 percent YoY, bringing Nykaa’s cumulative beauty customer base to 30 million and One Nykaa cumulative base to 37 million. This contributed to a 22 percent YoY rise in annual unique transacting customers and a 24 percent YoY increase in total orders," the company stated. This surge in customer base highlights Nykaa's strategic initiatives to enhance customer engagement and loyalty across its digital platforms.

With a strong foundation laid in the first half of the fiscal year, FSN E-Commerce Ventures aims to further capitalize on growth opportunities, maintain its momentum across beauty and fashion segments, and continue expanding its customer base and revenue streams. Nykaa’s consistent ability to drive profitability and growth underscores its resilience and adaptability in the highly dynamic beauty and lifestyle sector. 

Jewellery retailer PN Gadgil Jewellers, which was recently listed, announced a 59.11 percent rise in net profit, amounting to Rs 34.91 crore for the quarter ending September 2024. The company's net profit for the same period last year stood at Rs 21.94 crore, as stated in a regulatory filing on Tuesday.

The company’s revenue from operations also saw a substantial increase of 45.92 percent, reaching Rs 2,001.31 crore during the quarter under review, compared to Rs 1,371.51 crore in the corresponding quarter of the previous fiscal year.

“The second quarter of FY25 has been highly rewarding, marked by strong operating performance across all our markets despite significant volatility in gold prices. Q2 FY25 surpassed expectations, establishing a solid foundation for growth, with demand levels exceeding those of the second quarter of FY24,” said Saurabh Gadgil, Chairman and Managing Director, PN Gadgil Jewellers.

Gadgil noted that the company made a strong debut on the stock market on September 17, 2024.

Saurabh Gadgil further added, “Several factors shaped this successful quarter. The reduction in gold import duty announced in the Union Budget was a pivotal development. Lowering the import duty for gold and silver to 6 percent and platinum to 6.4 percent aligned with industry demands and positively impacted consumption, helping moderate prices that had previously reached record highs. This move has not only supported the growth of the organized sector but also provided much-needed relief to consumers while enhancing market transparency and curbing illegal smuggling activities.”

With strong financial results and a strategic market debut, PN Gadgil Jewellers is well-positioned to further capitalize on industry growth and evolving consumer trends. Looking ahead, the company remains focused on sustainable expansion and delivering value to its shareholders while continuing to bring craftsmanship and authenticity to jewelry lovers across India.

Delhi-based Prithviraj Jewels has announced the grand opening of its new store at E-31, South Extension II, New Delhi. This expansion is part of the company’s ongoing efforts to bring its renowned craftsmanship and exceptional jewelry collections closer to a wider audience.

The newly launched store showcases a comprehensive selection of fine diamond jewelry, including a diverse array of rings, bangles, bracelets, necklaces, and intricately designed Polki pieces. Each creation exemplifies the brand’s unwavering dedication to quality and attention to detail, ensuring that every piece reflects a blend of traditional artistry and contemporary elegance.

“Our journey has always been centered around authenticity and unmatched craftsmanship. This new store represents our mission to elevate the customer experience, combining modern sophistication with traditional values,” said Kanika Agrawal, Founder, Prithviraj Jewels.

As part of its growth strategy, Prithviraj Jewels intends to further expand its reach through a robust presence in both the online and offline markets. This move aligns with the company’s ambition to make its bespoke collections more accessible to customers while maintaining the essence of luxury and heritage.

Prithviraj Jewels is a family-owned business with more than a century of experience in the jewelry industry. Over the years, it has earned a reputation for creating high-quality jewelry using Polki, diamonds, and gold. Each piece crafted by the brand speaks to its legacy of precision, authenticity, and elegance passed down through generations.

Beyond its commercial success, Prithviraj Jewels remains committed to giving back to society. The company channels a portion of its profits towards education and healthcare initiatives across India. This dedication to social responsibility reflects its core values of fostering community welfare and building a brighter future for all.

With its latest store opening in South Extension II, Prithviraj Jewels continues to strengthen its position as a trusted name in fine jewelry, offering customers timeless pieces and an unforgettable shopping experience. The brand invites patrons to visit its newest location and explore the exquisite collection firsthand, experiencing the perfect blend of tradition, luxury, and modernity.

Susegado, now open at Goa’s Manohar International Airport, introduces India’s first airport microbrewery, providing travelers with an immersive experience of Goan culture, cuisine, and retail hospitality. Named after the Goan term "Susegad," which signifies relaxation and ease, the microbrewery, a collaboration between Rising Tide Beverages, Lane Nine Hospitality, and Radiance (a subsidiary of IRHPL), presents an inviting space where travelers can enjoy Goa’s unique flavors and ambiance right as they arrive.

Covering more than 5,000 square feet, Susegado's interior combines elements of vintage Goan home decor with the refined atmosphere of a jazz bar, creating a welcoming setting for both tourists and locals. The design captures the spirit of Goa while serving freshly brewed Goan beers, aiming to offer a relaxed environment that allows travelers to experience Goa's culinary heritage and enjoy a range of traditional and international flavors.

Susegado’s beer lineup centers on brews crafted with locally sourced ingredients, bringing a unique taste to its offerings. Featured beers include Poder's Pilsner, a crisp pilsner crafted with upcycled Goan bread; Kokum Gose, a tangy beer made with kokum extract; and an English Ale suited for both seasoned and new beer enthusiasts. These specialty brews are complemented by a menu of authentic Goan dishes, letting visitors savor Goa’s distinct flavors.

An IRHPL spokesperson shared, “We are thrilled to introduce Susegado at the Manohar International Airport, with a vision to create an airport experience that embodies the spirit of Goa, offering travelers a taste of Goan culture and flavors in an environment that combines the best of local brewing with an authentic Goan vibe.”

Visitors to Susegado can also participate in brewery tours and tastings to gain insight into the brewing process and the inspiration behind each beer. Travelers can look forward to experimental beers and exclusive Konkan-inspired collaborations available only at Manohar International Airport.

FSN E-Commerce Ventures Limited, known as Nykaa, reported its Q2 FY25 financial results, showing solid performance across its retail operations in India. Consolidated Gross Merchandise Value (GMV) rose by 24 percent year-over-year (YoY) to Rs 36,525 million, with revenue from operations also up by 24 percent YoY, reaching Rs 18,747 million. The company's Q2 FY25 EBITDA was Rs 1,037 million, marking a 29 percent YoY increase in profitability.

Financial Overview
For Q2 FY25, Nykaa’s revenue from operations saw a 24 percent YoY increase, reaching Rs 18,747 million. Gross profit rose 26 percent YoY to Rs 8,210 million, and EBITDA grew by 29 percent YoY, totaling Rs 1,037 million. Profit before tax saw significant growth at 60 percent YoY, reaching Rs 213 million, while net profit for the period stood at Rs 130 million, reflecting a 66 percent YoY increase.

Business Updates: Beauty Retail
Nykaa’s beauty retail vertical demonstrated a strong performance with a 29 percent YoY increase in GMV, reaching Rs 27,833 million. This growth was driven by a 31 percent rise in new customer acquisitions, bringing Nykaa’s cumulative beauty customer base to 30 million and its total cumulative base for “One Nykaa” to 37 million. The vertical also saw a 22 percent YoY increase in annual unique transacting customers and a 24 percent YoY increase in total orders.

Expanding its retail footprint, Nykaa now has India’s largest beauty retail network with 210 stores across 72 cities, including two new flagship stores in Mumbai and Delhi. Retail space expanded by approximately 25 percent YoY, achieving a GMV of Rs 3,500 per square foot per month. Nykaa continues to add global beauty brands to its platform, launching over 170 new brands in Q2 FY25, such as YSL Beauty and Dr Jart+, both exclusive to Nykaa in India.

To enhance customer satisfaction, Nykaa has bolstered its same-day and next-day delivery services across 110 cities, with over 70 percent of orders in these areas fulfilled within a day.

Nykaaland 2024 and Industry Engagement
The second edition of Nykaaland, India’s largest beauty festival, drew over 25,000 visitors—1.7 times the previous year’s attendance. The event featured over 1,000 content creators, industry expert masterclasses, and participation from 80+ major brands. New product launches included offerings from Clinique, Sol de Janeiro, and GHD.

Nykaa also held the “Beauty & You” program in partnership with Estée Lauder Companies, supporting emerging Indian beauty entrepreneurs. Additionally, in September 2024, the company hosted its “Best in Beauty” Summit, introducing a Beauty Trend report created in collaboration with Redseer. Key industry figures, such as Rohit Jawa, MD and CEO of HUL, and Vismay Sharma, President of L’Oréal South Asia Pacific, joined discussions on emerging trends.

Beauty: Owned Brands
Nykaa’s owned beauty brands posted a 48 percent YoY GMV growth in Q2 FY25, totaling Rs 3,602 million. The company increased its stakes in Dot & Key and Earth Rhythm, along with expanding its product range in popular lines like Kay Beauty and Nykaa Cosmetics.

Beauty Distribution: Superstore by Nykaa
Superstore by Nykaa, Nykaa’s beauty distribution arm, experienced an 80 percent YoY GMV growth and currently serves over 235,000 transacting retailers across 1,060 cities and towns in India. Profitability improved, with a contribution margin shift from -20.1 percent in Q2 FY24 to -11.5 percent in Q2 FY25 due to increased ad income and operational cost efficiencies.

Fashion Retail Expansion
Nykaa Fashion’s revenue grew by 22 percent YoY, while GMV rose by 10 percent YoY, with “First in Fashion” sales (new season items) showing a 26 percent YoY increase. Profitability in this segment improved, with gross margins up by 567 basis points YoY, now at 49.7 percent, and fulfillment cost reductions contributing to a better EBITDA margin of -9.0 percent, compared to -12.1 percent in Q2 FY24.

Nykaa also introduced the global sneaker retailer Foot Locker on its platform, expanding into the athletic footwear market in India. This includes a dedicated Foot Locker India website and integration within Nykaa’s ecosystem, providing customers with exclusive access to sneakers and sportswear.

Nykaa’s Q2 FY25 results reflect its strategic growth in both beauty and fashion, with substantial expansions in retail presence, product offerings, and customer acquisition across India.

Diageo India (United Spirits Ltd.) has launched a regenerative agriculture program with rice farmers in Telangana in a significant move toward sustainable practices in India's retail supply chain. The initiative, in collaboration with the Centre for Sustainable Agriculture, is part of Diageo’s commitment to reducing carbon emissions and water consumption within its supply chain. In its first year, the program will engage over 220 farmers across 15 villages, covering more than 500 hectares, with plans for expansion in subsequent years.

Rice production accounts for around 17 percent of India’s agricultural greenhouse gas (GHG) emissions, a notable factor given Diageo’s reliance on broken rice as a key raw material. By promoting sustainable rice cultivation methods, Diageo aims to reduce its scope 3 emissions, focusing on the environmental impact of its supply chain.

The regenerative agriculture initiative will provide smallholder farmers with training in sustainable rice cultivation, soil health management, and water-efficient practices. To directly address scope 3 emissions, Diageo has identified primary sourcing areas for broken rice and has performed lifecycle assessments to estimate emissions. Key regenerative practices being implemented include alternate wetting and drying (AWD), direct rice seeding, and the system of rice intensification. These methods have demonstrated significant environmental benefits, with AWD alone reducing GHG emissions by 39 percent and irrigation water use by 34 percent. Additionally, these practices support soil health, boost biodiversity, and reduce synthetic fertilizer dependence.

Jitendra Mahajan, Chief Supply and Sustainability Officer at Diageo India stated, “Our regenerative agriculture program is aimed at supporting smallholder farmers within local communities while building resiliency in our supply chain. This initiative is a step forward in our journey to championing ‘Grain to Glass Sustainability’, a key focus area under our ‘Spirit of Progress’ ESG action plan. Through the rice regenerative agriculture program in Telangana, we're actively working towards our goal of reducing value chain (Scope 3) emissions by 50 percent and water use by 30 percent. We continue to explore partnerships in line with our ESG action plan to expand the impact of our work and leverage synergies.”

Dr. G V Ramanjaneyulu, Executive Director at the Centre for Sustainable Agriculture said, “Our partnership with Diageo India is a significant step towards driving resource-efficient farming practices and championing a sustainable future for rice production in Telangana. Regenerative agriculture practices offer a holistic approach to farming that can improve soil health, biodiversity, and climate resilience. By working together, we can demonstrate the tangible benefits of this approach for various value-chain stakeholders and the environment."

With this program, Diageo India reinforces its focus on sustainability, aiming to create long-term value in its supply chain while contributing to India's environmental goals in the retail and agriculture sectors.

India’s retail market welcomes a new player as cricket legend Yuvraj Singh steps into the consumer goods industry with the launch of *Twiddles*, a brand focused on guilt-free snacking. Aimed at health-conscious consumers, Twiddles offers a line of nutritionally dense, flavorful snacks that balance taste and wellness, addressing a longstanding gap in the market.

Reflecting on his journey from cricket champion to food entrepreneur, Yuvraj shared, “I believe indulgence and health can go hand in hand. As an athlete, I understand the value of balanced nutrition, and with Twiddles, we’re filling a gap by offering snacks that blend rich taste with nutritional benefits, supporting a mindful approach to eating.” Yuvraj’s partnership with Alfinity Studios, which specializes in creating brands with celebrities and influencers, aligns with his goal of developing Twiddles into a globally recognized, guilt-free snacking brand. He added, “Healthy or unhealthy, we all eat across the spectrum. Twiddles is here to support that balance with options that fit into any lifestyle.”

Twiddles’ initial product line includes almond, walnut, and cashew chocolate spreads that feature up to 70 percent nuts and seeds, are free from preservatives and palm oil, and contain 70 percent less sugar. Alongside these, the brand is also launching date-sweetened snack bites, designed for quick energy and convenient snacking.

Co-founder of Alfinity Studios, Kumar Gaurav said, “It’s incredibly exciting to work with Yuvraj on bringing his vision to life with Twiddles. His passion for balanced indulgence is infectious, and we’re proud to co-create a brand with him that’s not just about great taste but a whole lifestyle shift. We are working on creating more product lines that fulfil our vision of bridging the gap between indulgence and wellness and becoming a go-to-option for conscious consumers.”

Twiddles will be available across e-commerce, quick commerce, and retail channels in India. The brand is also exploring partnerships for broader distribution through co-branded collaborations. With plans to expand internationally within six months, Twiddles aims to redefine snacking by offering quality and purpose-driven options globally from India.

Kapoor Watch Company has officially opened a new Rolex boutique in the prestigious DLF Emporio Mall, Vasant Kunj, Delhi. This move marks another milestone in Kapoor Watch Company’s 20-year-long partnership with the Swiss luxury watchmaker Rolex, further cementing their reputation in the high-end retail space. The boutique spans a spacious 1,266 sq. ft., offering a sophisticated and immersive experience for watch connoisseurs and first-time buyers alike.

Situated at location 243A on the first floor of DLF Emporio Mall, the new boutique is designed to reflect the luxury and craftsmanship synonymous with the Rolex name. The interior blends classic elegance with contemporary design elements, creating a serene yet exclusive atmosphere for shoppers. The space showcases Rolex’s esteemed collections and offers an engaging environment for customers to learn about and experience the brand’s heritage and technological innovations.

“We’re extremely proud to announce the launch of our first Rolex boutique in Delhi. We are honored to have had a chance to partner with Rolex for this prestigious opportunity to open the boutique at the best luxury mall in India. For us, this boutique stands as a testament to our 20-year-long association with the brand. Designed to align with Rolex’s classic and elegant aesthetics, our boutique amalgamates the best of Rolex and the quintessential Kapoor Watch experience,” said Prateek Kapoor, Director, Kapoor Watch Company. 

Rolex, headquartered in Geneva, has built a global reputation as a leader in luxury watchmaking, known for its precision, innovation, and excellence. The brand has pioneered numerous milestones in the industry, including the invention of the Oyster—the world’s first waterproof wristwatch. It remains a symbol of prestige and craftsmanship, admired worldwide for its commitment to quality and groundbreaking technology.

Established in 1967, Kapoor Watch Company has a rich legacy of luxury retail spanning more than five decades. Known for its commitment to delivering superior service and offering some of the world’s finest timepieces, Kapoor Watch Company has become a trusted name among discerning customers. The company’s partnership with Rolex exemplifies its dedication to quality and a customer-first approach, with the new boutique serving as a testament to its shared values and passion for excellence.

Parag Milk Foods Limited, a prominent player in the Indian dairy market, has announced its financial results for the second quarter and half-year ended September 30, 2024. The company reported significant growth in revenue and profitability, driven by strong volume performance across its key dairy categories, including Ghee, Cheese, and Paneer.

Consolidated Financial Performance – Q2FY25

• Revenue: Rs 871 crore, with a 10 percent volume growth and 9 percent value growth
• Gross Profit Margin (GPM): 23.0 percent, stable YoY
• EBITDA: Rs 76  crore, up 25 percent YoY; EBITDA Margin at 8.8 percent compared to 7.7 percent last year
• Profit Before Tax (PBT): Rs 36 crore, a 46 percent YoY increase
• Profit After Tax (PAT): Rs 29 crore, a 16 percent YoY increase

Consolidated Financial Performance – H1FY25

• Revenue: Rs 1629 crore, with 11 percent volume growth and 5 percent value growth
• Gross Profit Margin (GPM): 24.8 percent, an increase of 2.6 percent YoY
• EBITDA: Rs 138 crore, up 26 percent YoY; EBITDA Margin at 8.4 percent compared to 7.1 percent last year
• Profit Before Tax (PBT): Rs 62 crore, a 58 percent YoY increase
• Profit After Tax (PAT): Rs 57 crore, a 21percent YoY increase
• Cash Flow from Operations: Rs 92 crore

Key Business Highlights – H1FY25

• Volume Growth: The company reported a strong double-digit volume growth of 11 percent YoY, particularly driven by healthy growth in its core categories. Ghee, Cheese, and Paneer experienced volume growth of 17 percent for Q2FY25 and 18 percent for H1FY25.
• Market Share Gains: According to the latest IMARC report 2024, the flagship brand Gowardhan Ghee now holds a 22 percent market share in the branded cow ghee segment, while Go Cheese maintained a 35 percent market share in the cheese category.
• Raw Material Prices: The average milk prices were Rs 33/litre in Q2FY25, down 8 percent YoY, and Rs 32/litre in H1FY25, down 13 percent YoY. The company processed around 15 lakh liters of milk per day.
• Improved Margins: The Gross Profit Margin (GPM) improved by 260 basis points YoY during H1FY25, reaching 24.8 percent compared to 22.2 percent in H1FY24. This improvement was attributed to lower milk prices and a stronger mix of value-added products.

New Business Segments

• Avvatar: The Direct to Consumer brand Avvatar recorded impressive growth, with a 98 percent YoY increase in H1FY25. The protein portfolio continues to gain market share.
• Pride of Cows (PoC): As part of its premiumization strategy, Pride of Cows continues to show strong demand. The brand is expanding both its product range and distribution network.

Devendra Shah, Chairman of Parag Milk Foods said, “As we continue to expand Parag Milk Foods' reach and impact, our focus remains steadfast on delivering top-quality, innovative products that cater to evolving consumer needs. We are happy to announce that this quarter, we have achieved our highest ever sales, reaching INR 871 crores in revenue. This is a testament to the growing trust consumers place in our brand. Our recent launch of Gowardhan Sweets reinforces our commitment to purity. Made with Gowardhan Ghee and cow milk, it offers an authentic and wholesome choice in a market increasingly plagued by adulteration concerns. Gowardhan Ghee continues to be a market leader with a 22% share in the branded cow ghee segment. Similarly, the new Go Cheese campaign showcases how our cheese varieties add delight and versatility to everyday meals. Newer business segments, Avvatar and Pride of Cows, are also gaining strong traction. It is overwhelming and delightful that our brand Gowardhan’s association with Kaun Banega Crorepati continues for the third consecutive year, and our Go Cheese brand enters the house of Big Boss."

“With a robust pipeline for new product developments, I am confident that our deep-rooted commitment to provide customer-centric products will propel us towards our ambitious INR 10,000 crore target and beyond. We have built this company on a foundation of trust and quality, and I am proud to see that legacy continue to grow,” he concluded.

Parag Milk Foods continues to make strides in both the retail and dairy sectors, maintaining its focus on innovation and quality to meet the growing demand for dairy products in India.

DAEWOO India has named industry veteran C.M. Singh as its Joint Managing Director, strengthening its executive team as the company expands its footprint in India's retail and consumer durables market. With over 30 years of experience in the electronics industry, Singh's expertise is expected to support DAEWOO India's growth and innovation objectives in the evolving retail landscape across India.

C.M. Singh’s career includes prominent leadership roles such as Business Group Head for Home Entertainment at LG, COO at Videocon, CEO of TCL India, and CEO of Sukam. His extensive background in launching brands and product categories has established him as a key figure in the consumer electronics and durables sector.

H.S. Bhatia, MD of DAEWOO India, stated, “I am thrilled to welcome C.M. Singh, not only as a seasoned industry professional but also as a longtime friend and colleague. Singh’s expertise in strategic vision, market expansion, and operational excellence will be instrumental in enhancing our electronics business as we enter the consumer durables sector. His knack for identifying market trends and his experience with international markets will further strengthen DAEWOO's presence across India, especially as we expand into Tier II and Tier III markets.”

Singh shared, “DAEWOO is renowned for its globally accepted, cutting-edge technologies and robust business practices. I am excited to contribute to the company’s journey of growth and to help solidify DAEWOO as a leading name in consumer durables in India. With our expansion into untapped markets and our commitment to innovation, I am confident we’ll deliver a new level of excellence to Indian consumers.”

Singh’s extensive experience will support DAEWOO India's objectives to broaden its market reach, enhance operational efficiencies, and provide quality products that align with the needs of Indian households. The collaboration between DAEWOO India and Singh marks a significant step toward offering innovative and dependable products, aiming to strengthen consumer experience across India's retail market.

India's Latambarcem Brewers (LB Brewers), known for its innovative craft beers, has teamed up with Taiwan's Jim and Dad's Brewing Company to introduce India's first bottled tea beer, MAKA di Oo-Long Blanche. This cross-border collaboration marks a significant step in the retail craft beer industry in India and Taiwan, blending traditional Taiwanese Xiangzhuang Red Oolong tea with Belgian Blanche brewing techniques. This limited-edition beer is available exclusively in Goa and Taipei, two hubs celebrated for their vibrant craft beverage scenes.

LB Brewers Co-Founder and CEO Aditya Ishan Varshnei said, “Our collaboration with the Jim and Dad’s Brewing Company of Taiwan is a celebration of cross-cultural brewing. A global-first landmark, it signifies an unprecedented confluence of cultures, with the ancient Taiwanese tea tradition meeting Latambarcem’s Belgian Blanche brewing expertise. It has strategically been launched across two globally sought-after destinations, so that craft beer connoisseurs from all over the world can witness and experience the coming together of two diverse worlds.”

Jim Sung, Co-Founder of Jim and Dad's Brewing Company said, “Being able to share the unique flavor of Taiwanese Oolong tea with India, and also bringing some of India’s flavors back to Taiwan made the collaboration totally worthwhile. Our team had a great time visiting Goa and exchanging brewing techniques with our Indian counterparts. We hope this beer can serve as a great introduction to both cultures in our respective markets.”

Crafted by incorporating Oolong tea leaves toward the end of the brewing process, MAKA di Oo-Long Blanche brings together the delicate notes of Red Oolong tea with the refreshing taste of wheat beer. This unique product is priced at Rs 150 and features a 4-5 percent ABV, appealing to craft beer enthusiasts and those interested in unique cross-cultural brews. 

The release of MAKA di Oo-Long Blanche comes shortly after LB Brewers' successful MAKA di Rocket Rice Lager launch, further establishing the company’s foothold in the craft beer sector in India and beyond. Their product line, including light, medium, and strong lagers, is a favorite across regions such as Goa and Uttar Pradesh and has gained a following in the U.S., Canada, and UAE markets.

With this latest addition, LB Brewers continues to diversify its offerings, positioning itself as a prominent player in the global retail craft beer market.

In a nod to both Marvel fans and the growing eyewear retail market in India, OPIUM Eyewear has unveiled a new limited edition Iron Man-inspired collection. This marks the third and final release in OPIUM’s Marvel series, following its previous collaborations with Black Panther and Captain America. Designed to embody the essence of Iron Man’s powerful persona and his transformation from entrepreneur Tony Stark, the collection allows wearers to express their individuality through distinct pieces influenced by Marvel’s iconic hero.

Ronak Sheth, founder of OPIUM Eyewear said, “At OPIUM, we believe that everyone has a ‘superhero within,’ and eyewear serves as a modern-day mask, enhancing our style while subtly transforming our persona.” This Iron Man collection reflects that vision, blending the superhero’s bold design with the versatility of everyday wear, capturing Stark’s transformation and resilience.

The collection includes a range of styles—from wayfarers and navigators to a unique mask design—that draws on the geometric lines and color schemes symbolic of Iron Man’s red and gold suit. Featuring a metal-layered acetate finish, the frames evoke the complex structure of Iron Man’s armor, with subtle touches that reference Stark Industries for an added depth to the designs.

For fans and collectors, the experience extends to the packaging: each frame comes in a case designed around the arc reactor, making it as much a collectible as it is a fashion accessory. “This collection represents our most ambitious work to date, embodying both luxury and durability while reflecting our brand’s commitment to high-quality design,” said Sheth, noting the connection the Marvel-inspired series has fostered with their customers.

Launched on November 11, 2024, this limited edition Iron Man collection is available exclusively on OPIUM Eyewear's website, capturing the spirit of both Tony Stark and the brand’s dedication to style and innovation in the eyewear retail market.