Retail India News: PowerMax Aims for 500 cr Revenue Milestone in Fiscal Year

In a strategic move aimed at fortifying their presence in the laundry care segment, Whirlpool of India and Hindustan Unilever Ltd (HUL) have unveiled a new collaborative marketing alliance focusing on Surf Excel, the flagship laundry brand under HUL's umbrella.

This groundbreaking partnership between two industry giants entails a series of joint marketing initiatives designed to amplify the reach and impact of Surf Excel across the Indian market. By pooling their expertise and resources, both brands aim to unlock new avenues for growth and innovation in the laundry care sector.

According to a joint statement issued by Whirlpool of India and HUL, the alliance will not only facilitate the convergence of cutting-edge technologies from both entities but also pave the way for the development of advanced solutions that promise superior fabric care. Leveraging the synergies between mechanical, thermal, and chemical actions, the collaboration seeks to revolutionize the process of stain removal, thereby elevating the overall laundry experience for consumers.

Kumar Gaurav Singh, Vice President-Marketing, at Whirlpool of India said, “Our partnership is an opportunity to leverage our combined strengths — the coming together of superior mechanical action, thermal action and chemical action to deliver expertise in the removal of stubborn stains.”

Srinandan Sundaram, Executive Director, Home Care, at Unilever stated, “Our goal is to provide convenience and innovation to households across India, making laundry routines easier and more effective.”

With consumer convenience and innovation at the forefront, the partnership between Whirlpool of India and HUL signifies a significant step forward in the evolution of the laundry care industry. As both entities embark on this collaborative journey, they remain steadfast in their dedication to delivering transformative solutions that enrich the lives of consumers nationwide.

Trampoline, a burgeoning cross-border B2B Home Décor brand, has announced the conclusion of its $5 million seed funding round. Spearheaded by leading investment firms Matrix Partners India and WaterBridge Ventures, the round also saw significant participation from Alteria Capital, contributing an additional $2 million in venture debt.

The infusion of capital marks a pivotal moment for Trampoline, empowering the company to fortify its supply chain and sourcing capabilities, drive innovation in new product development, and assemble a robust early team.

Trampoline embarks on a bold mission to revolutionize access to design-led home décor for independent retailers, who collectively represent over 70 percent of the $800 billion global Home & Living market. Promising a comprehensive end-to-end experience, Trampoline aims to democratize tools typically reserved for major retailers, including minimal or no minimum order quantities, favorable payment terms, and personalized curation services.

By capitalizing on the prevailing macroeconomic trend of "China+1" within the industry and capitalizing on the consumer shift towards artisanal, design-centric products, Trampoline endeavors to establish extensive supply chains across manufacturing hubs in India and Southeast Asia.

Founded in December 2023 by Abhik Ghosh, Anushka Mahanti, and Varun Deo, former executives at prominent firms such as Amazon, Wayfair, and Arla Foods, Trampoline boasts a leadership team with over four decades of combined experience across category management, supply chain logistics, marketing, and product development. 

“We’re obsessed with delivering the best product quality while reducing lead times for customers. Owning quality control end-to-end, with robust  factory audits and inspections ensures there are no compromises on standards. Our efficient consolidation at source enables higher flexibility and lower MOQs for customers, while our warehousing in India and the UK allow us to manage and replenish stock with agility,” added Varun Deo, Co-founder and COO, Trampoline. 

Anjali Sosale, Partner at WaterBridge Ventures commented, “Trampoline dismantles traditional barriers to scale - heavily intermediated supply chains, opaque pricing, and lack of quality assurance - and enables independent retailers to diversify their supplier base and access exclusive product catalogues. India is one of the world's largest exporters of home decor products, exporting over $10B annually and predominantly led by SMEs. Trampoline provides these SMEs with access to global demand through its full-stack, design to delivery approach. As Trampoline's first institutional investment partner, we are privileged to work with the founding team - Anushka, Abhik, and Varun. With over a decade of leadership experience in cross-border commerce and a keen focus on operational excellence, they are well-positioned to succeed in this market and make Trampoline, a B2B brand of choice for global retailers.” 

Following its triumphant launch in the UK in February 2024, Trampoline has witnessed an unprecedented surge in demand, with over 1,500 units ordered within the initial months. Independent retailers and interior designers alike have embraced Trampoline's vision of bridging the gap between manufacturers and storefronts.

Abhik Ghosh, Co-founder & CEO, Trampoline said, “Most of the magic happens at the factory shop floor and the point-of-sale. But the industry and value chain has remained archaic. Trampoline’s tech play aims to provide independent retailers the data and personalization to efficiently curate for their stores, while equally deploying tech enabled QC/QA and supply chain solutions for our manufacturer partners. In the process, truly helping both sides to Trampoline-up to consumer demand”. 

Anushka Mahanti, Co-founder & CCO, Trampoline remarked “We’re building a design-led B2B brand, which is a departure from the traditionally commoditised, low-value trading, export model. Combining India’s endemic raw materials and craftsmanship, with a global design language, we’re making data driven decisions on catalogue breadth, depth and forecasting, enabling Trampoline to cater to global businesses at scale. Design speaks volumes, pun intended, and we already see this play out with sophisticated global retailers.” 

Sudipto Sannigrahi, Managing Director, Matrix Partners India shared, “We, at Matrix, are privileged to partner with Abhik, Anushka and Varun as they leverage their multi decade experience in home décor to build Trampoline. We are big believers in the India to the world manufacturing story and feel the time is ripe to disrupt cross border supply chains in areas such as home décor where India has an inherent design and supply advantage. With a strong customer backward design sensibility and a fully digitized supply chain, Trampoline is uniquely positioned to solve for key pain points around discoverability, quality, and reliable supply of products, for home décor retailers globally.”

Moov, India’s leading pain relief brand, has launched ‘Moov Cool’, a new product inspired by cold therapy. Infused with menthol, the product is designed to offer relief from muscle and joint pain caused by injuries, sprains, strains, and muscle soreness associated with an active lifestyle.

A Reckitt Pain India DCG Demand Survey conducted in December 2021 with over 4,000 respondents in India revealed that nearly 8 percent of respondents experienced pain related to sports or exercise. Moov Cool aims to address these fitness-related injuries, including muscle soreness, sprains, and strains. Powered by menthol, Moov Cool provides an ice-like cooling sensation that helps numb the affected area and starts working in 15 seconds.

Kanika Kalra, Regional Marketing Director, Health & Nutrition, Reckitt South Asia said, “As one of India’s most trusted pain relief brands, Moov has been helping Indians deal with their pains for decades. With changing lifestyles, sports and fitness-related injuries have become more common, and consumers are looking for innovative solutions for instant pain relief. To address these needs, we are delighted to introduce Moov Cool, a formula inspired by cold therapy that provides consumers relief from muscle and joint pains due to injuries such as sprains, strains, and muscle soreness. This launch is a testament to our commitment to offering the best solutions to meet our audience's evolving needs and further enhances our product innovation.”

To raise awareness of the new product, Moov has launched a campaign highlighting how Moov Cool can benefit fitness and sports enthusiasts, helping them manage pain and continue their activities.

Anupama Ramaswamy, Joint MD & Chief Creative Officer, Havas Worldwide India said, “Moov is bringing its cool therapy offerings for the first time in India, so we knew that the introduction of Moov Cool had to be impactful. With the focus being on fitness-related injuries, we dwelled into a dynamic world that spoke to fitness enthusiasts in a way that connected to them.”

Moov Cool is available in leading offline and online retail stores across India in two convenient formats: gels and sprays. The range includes a 10g and 20g Gel priced at Rs 60 and Rs 110 respectively, and Sprays in 15g at Rs 85 and 35g at Rs 186.

Tira, the omnichannel beauty retail platform of Reliance Retail, has announced the launch of its new skincare brand, Akind. Co-founded by Mira Kapoor, Akind was introduced at Tira’s flagship store at Jio World Drive in Mumbai. The launch marks a significant step for Tira, aiming to enhance its presence in India's beauty retail sector.

Akind is built on the idea that every skin type deserves personalized care. The brand aims to simplify skincare by addressing individual skin needs, empowering people to achieve their skincare goals.

DEFENCE Range: Features the Bright Idea Radiance Serum, the No Shade Sunscreen Primer SPF 50 PA++++, and the Super Smooth Sun Stick SPF 50 PA+++. These products protect the skin from external factors like pollution and sun damage.

Isha Ambani, Executive Director of Reliance Retail Ventures Limited said, “We are excited to introduce Akind, Tira’s first skincare brand in our portfolio. This launch is a significant milestone in Tira’s journey. As we expand, we remain committed to innovation and excellence, ensuring that every offering enhances our customers' beauty experience.”

Mira Kapoor, Co-Founder of Akind said, “Not too long ago, I realized that my skincare journey truly began when I started listening to my skin. The Akind range was meticulously formulated with care, trial and error, and extensive research into high-efficacy ingredients that act as targeted solutions for specific problems. With Akind, I want to share the joy of skin type agnostic, barrier-focused, high-performance, and price-conscious skincare that helps one meet the best version of their skin, just like I did.”

Following the success of Tira Tools and Nails Our Way, Reliance Retail Limited continues to expand its innovative offerings. The launch of Akind underscores Tira’s commitment to providing customers with high-quality, diverse, and trend-setting products in the beauty and personal care categories.

Honasa Consumer Limited, owner of the fast-growing personal care brand Mamaearth, has announced that its products are now available at over 1,000 Smart Bazaar and Smart Point stores across India. This expansion through a collaboration with Reliance Retail Ventures Ltd. marks a significant milestone for Mamaearth as it enhances its offline retail presence.

Mamaearth, known for its commitment to providing safe, natural, and toxin-free products, has built a loyal customer base through its innovative offerings. The partnership with Reliance Retail aims to make Mamaearth's products more accessible to a broader audience.

Varun Alagh, Co-Founder and CEO of Honasa Consumer Limited stated, “At Honasa, we believe that we need to be available where our consumers want to shop the brand. The partnership with Reliance Retail is also an extension of our endeavor to make toxin-free, safe products accessible to a wider set of consumers. We are 1,000 stores strong now, and with the increasing demand for Mamaearth products, we will hopefully continue to grow and increase our footprints through this collaboration.”

This collaboration is set to provide consumers with easier access to Mamaearth's range of products, reinforcing the brand's value proposition of offering toxin-free beauty products made with natural ingredients.

H&M India, an international retailer renowned for offering fashion and quality at the best price sustainably, has introduced its H&M Home concept at Inorbit Mall, Madhapur. Spanning 2,012 square meters, this launch signifies a new milestone for H&M in Hyderabad, presenting customers with an enhanced shopping experience through its eagerly awaited H&M Home collection.

The store showcases the latest Summer Collection along with the H&M Home range, catering to various customer preferences. Fashion enthusiasts can explore a versatile selection of Ladies', Kids, and Men’s collections, with prices starting at an appealing Rs 399. The Kids' collection begins at Rs 299, offering stylish choices for younger fashion lovers. H&M’s Summer Collection features a diverse mix of free-flowing silhouettes, bold prints, and vibrant colors. Highlight pieces include innovative knitted kaftans, crochet items, voluminous maxi sun dresses, and coordinated skirts or short sets paired with bikini tops, perfect for summer vacations.

The Home concept offers an array of premium bed linens, dinnerware, and home décor items designed to suit a variety of interior styles. Whether customers are looking for contemporary statement pieces or timeless classics, the Home collection includes all the essentials for creating a stylish living space. With prices starting at just Rs 149, the collection aims to make luxurious living accessible to everyone.

Yanira Ramirez, Country Sales Manager, H&M India shared, "We are elated to add our long-awaited Home concept to our store in Hyderabad, which aims to provide a dimension of chic and contemporary home décor to the vibrant city. Our goal is to inspire and showcase the latest trends in home décor, alongside our fashion offerings. We remain committed to offering high quality at competitive prices, all while upholding our dedication to sustainability."

In line with H&M's sustainability efforts, the new store in Hyderabad is actively engaged in the Garment Collect initiative, encouraging customers to recycle clothing and textiles, regardless of the brand or condition.

Nykaa, India’s premier beauty and fashion retailer, has unveiled its second Luxe Store at JLN Marg, Jaipur. Located at Horizon Tower in Jewel of India, one of Jaipur’s most prestigious residential areas, the 2000+ sq. ft. store offers an extensive selection of makeup, skincare essentials, and fragrances from top Indian and international brands.

Shoppers at the new Nykaa Luxe store can explore an array of brands including MAC, Kayali, Kay Beauty, Nykaa Cosmetics, L'oreal Paris, and Clinique. The store also features exclusive brands like Charlotte Tilbury, Murad, Sol De Janeiro, and e.l.f cosmetics, with Urban Decay making its Jaipur debut at this location. For luxurious gifting needs, the store offers fragrances from Yves Saint Laurent, Kama Ayurveda, Tom Ford, Carolina Herrera, and Versace. Fans of Korean Beauty will find their favorites with brands like Laneige, Innisfree, Etude House, The Face Shop, and Cosrx available to enhance their skincare routines.

Nykaa's commitment to its customers is evident in the holistic beauty services offered at the store, ensuring a personalized experience for every visitor. The expert beauty advisors are well-versed in the latest trends and provide tailored guidance on elevating beauty routines.

Nykaa’s journey from an online beauty platform to a leader in blending online and offline shopping experiences has revolutionized India’s beauty retail landscape. The first Nykaa store opened in 2014 at Terminal 3 of Delhi’s Indira Gandhi International Airport. In Jaipur, this is the third store, following Nykaa Luxe in Vaishali Nagar and a Nykaa On Trend Store on MI Road. The new store at Horizon Tower exemplifies Nykaa’s dedication to physical retail, marked by continuous innovation and a strong focus on customer satisfaction.

JCB (Jean Claude Biguine) Salons India has raised Rs 40 crore from BlackSoil for strategic acquisition and business expansion within the retail sector. JCB Salons has used the funds to acquire Spalon, a local salon chain, to expand into South India. Additionally, the capital will be utilized for working capital and enhancing operational efficiencies.

JCB Salons is a global premium salon chain with locations in Mumbai, Pune, and Bangalore. Spalon is a well-established premium spa and salon brand with over 27 branches across Southern India. By combining JCB's international expertise with Spalon's domestic market knowledge and services, the merged entity aims to penetrate the growing markets in West and South India, offering comprehensive services to their customers.

The Indian beauty market is projected to reach approximately $580 billion by 2027, with an estimated annual growth rate of 6 percent, driven by rising disposable incomes and aspirational spending. This growth presents significant opportunities for the beauty and grooming sector.

Ankur Bansal, Co-Founder and Director of BlackSoil commented, "The beauty and grooming sector is the next billion-dollar global opportunity in India. JCB Salons is building a robust model for India's new-age beauty and wellness-conscious crowd, and the acquisition of Spalon amplifies its business prospects. We are excited to have partnered with JCB Salons in their ambitious pursuit."

Sneh Koticha Contractor, Founder of JCB Salons India said, "With increasing aspirations and purchasing power, we are optimistic about the spa and salon business growth in the coming years. Currently, with strongholds in West India, we are keen on integrating Spalon's established network and strong legacy into our portfolio to expand to South India, a region we are extremely excited about. We are thrilled to partner with BlackSoil and use their expertise to deliver high business output and growth."

Both Spalon and JCB Salons have shown excellent performance and growth individually. The combined business performance of JCB Salons and Spalon projects strong potential for growth and operational efficiency in the Indian retail market.

Tanishq, the renowned jewellery brand under the Titan Company, a part of the Tata Group, has expanded its global presence by entering Oman. The inaugural store in Oman is situated at Oman Avenues Mall in Muscat.

Oman Avenues Mall, inaugurated in May 2015, stands as one of the largest shopping complexes in Oman and operates under the umbrella of LuLu Group International, headquartered in Abu Dhabi.

“Tanishq marked their official entry in Oman with their first-ever store opening with Oman Avenues Mall, Muscat,” said Amol Jungari, Head – Retail Design and Delivery at LuLu Group International.

Currently, Tanishq boasts a network of more than 16 international stores beyond India.

In July 2023, Titan unveiled its ambitious plan to establish 50 boutiques worldwide, with a particular focus on regions like the United Kingdom, Australia, and Malaysia.

During the fiscal year 2023, the jewellery retailer witnessed a significant expansion in its international footprint, increasing the number of overseas stores from two to seven.

Tanishq originated in 1994 as part of Titan's jewellery division, which also encompasses other esteemed brands such as CaratLane, Zoya, and Mia by Tanishq.

In 1996, Tanishq marked its presence in the retail landscape with its inaugural showroom in Chennai. Its international footprint commenced in 2020 with the opening of its first overseas store in Dubai. Presently, the brand boasts a vast network of over 410 exclusive outlets across more than 240 cities in India, alongside international boutiques spanning the UAE, USA, Qatar, Oman, and Singapore.

Cartel Bros, a renowned Indian spirits company, has proudly unveiled its premium blended Scotch whisky, Glenwalk, in Dubai at the recent Travel Retail Consumer Forum ‘24, marking its entry into the Middle East market. Glenwalk, celebrated for its exceptional quality and exquisite taste, has already earned international accolades, including a Silver Medal at the London Spirits Competition 2024. Within just a year of its introduction, Glenwalk has rapidly expanded its footprint across five states in India, collaborating with over 25 distribution partners—an impressive feat for a new AlcoBev startup. The move into Dubai signifies a significant milestone for Cartel Bros as it endeavors to position Glenwalk as the preferred choice among whisky aficionados in the Middle East.

Glenwalk Scotch Whisky is revolutionizing the Indian whisky landscape with its remarkable surge in demand and strategic pricing. Launched in June 2023 with Sanjay Dutt as its brand partner, Glenwalk has harnessed the expertise of Cartel Bros' leadership team, led by co-founders Mokksh Sani, Jitin Merani, Rohan Nihalani, Manish Sani, and Chief Business Officer Neeraj Singh, to achieve extraordinary success. Since its debut in India, Glenwalk has carved a niche for itself among Indian consumers and is now poised to captivate the Middle Eastern market. Following its triumph in India, Glenwalk has witnessed a surge in global sales orders and requests, facilitating its expansion into the Middle East, further cementing its international stature. As the world's first Indian celebrity-owned alcohol brand, Cartel Bros' Glenwalk, co-owned by Bollywood superstar Sanjay Dutt, takes pride in its unique distinction. Sanjay Dutt's involvement has been instrumental in propelling Glenwalk to unprecedented heights. Leveraging his global celebrity status and visionary approach, Sanjay Dutt has propelled Glenwalk to new heights, playing a pivotal role in establishing the brand's reputation.

Glenwalk is poised to make a grand entrance across all duty-free shops in the Middle East by the end of July 2024. This follows the brand's successful duty-free partnership with Ospree Duty-Free, an Adani company. To ensure compliance with regulations and effective market penetration, Cartel Bros has joined forces with Gulf Beverages, a reputable Dubai-based company with over 30 years of experience. Gulf Beverages will serve as the exclusive distribution and brand partner, catering to the entire UAE and other Gulf regions. This strategic collaboration enables Cartel Bros to concentrate on implementing significant initiatives and bolstering brand visibility. Mokksh Sani, Founder of Living Liquidz, Mansionz, and co-founder of Glenwalk, underscored the strategic vision behind the Middle East expansion, stating, "We are entering the Middle East with a strategic vision to carve a niche in the AlcoBev category. Our partnership with Gulf Beverages ensures compliance with all regulatory requirements and provides a robust platform for our brand's growth in this region."

The Middle East launch announcement represents significant progress for the brand, underscoring its commitment to delivering the finest Scotch whisky to discerning consumers in the region. It also signifies Cartel Bros' broader strategy, with plans to enter the Canadian and Australian markets within the next 90-120 days.

With its introduction in Dubai and forthcoming presence in Middle Eastern duty-free outlets, Glenwalk by Cartel Bros is poised to make a substantial impact in the global spirits market. As the first Indian celebrity-owned alcohol brand, Glenwalk seamlessly blends tradition with innovation, offering a premium Scotch whisky experience, and is positioned to emerge as a prominent player in the global spirits landscape.

India's iconic mattress brand, Kurlon, celebrates 60 years with a refreshed brand positioning aimed at resonating with contemporary consumers. Kurlon has introduced a new logo and the tagline "Life Banegi Hula Hula," marking a significant evolution for the brand in the retail market in India.

Understanding that mattresses are central to daily life beyond sleep, Kurlon emphasizes the active moments spent on mattresses—reading, talking, eating, and enjoying life. This insight shapes their new positioning of "Comfort Meets Joy in Every Life Moment," encapsulated by the tagline "Life Banegi Hula Hula."

Kurlon's new logo features a minimal and modern design, retaining the core red and white colors that symbolize trust and heritage. The inclusion of a dawn-to-dusk gradient signifies the brand’s commitment to providing comfort from morning to night. The updated packaging across all variants reflects this modern aesthetic, ensuring the products stand out on retail shelves.

Nilesh Mazumdar, CEO of Sheela Foam Ltd said, "Innovation and comfort have always been at the core of Kurlon. Our new proposition and identity reflect our continuous evolution to meet the dynamic needs of our consumers. This rebranding milestone is not just a visual transformation but a fresh take on the category itself. While everyone is talking about sleep, Kurlon is going beyond it. With 'Life Banegi Hula Hula,' we aim to bring joy and comfort into every home."

Piyush Pandey, Chief Advisor of Ogilvy India added, "Kurlon's new identity and the 'Life Banegi Hula Hula' campaign represent a bold step forward. We understand that mattresses are more than just a place to sleep—they are where life unfolds, where countless memories are made. This rebranding is about celebrating the joy and comfort that Kurlon brings to every household, defining comfort for modern India."

With over 30 years of professional experience, Vivek Sharma, founder of Altivyst Advisors, has been engaged as the marketing consultant for Sheela Foam. He is instrumental in shaping the marketing strategy and organization for Kurlon.

Kurlon's rebranding efforts include a complete revamp of its retail presence, reflecting the new identity across all touchpoints to connect deeply with consumers and ensure every moment spent on a Kurlon mattress is a joyful experience.

Allied Blenders and Distillers Limited (ABDL), India's third-largest IMFL company by annual sales volumes from Fiscal 2014 to Fiscal 2022, has launched Zoya Special Batch Premium Gin ("Zoya") in Mumbai. Following its initial launch in Gurgaon, this marks Zoya's entry into the Maharashtra retail market. Zoya is crafted from 100 percent grain and natural spirits, featuring juniper and 12 botanicals for a unique, fresh finish.

This launch highlights ABDL's strategy to premiumize its portfolio and expand the distribution of its brands in the premium segment. Recently, Zoya received the "Campaign Innovator of the Year" award at Icons of Gin India 2024 and the "New Product of the Year" award at Ambrosia Awards INDSPIRIT 2024.

Alok Gupta, Managing Director of ABDL said, "We are thrilled to bring our Zoya gin to Maharashtra. We are committed to excellence and innovation as we continuously elevate the consumer experience."

Priced at Rs 2200 for a 750ml bottle, Zoya Special Batch Premium Gin will be available at Maharashtra's top hotels, restaurants, and liquor retail stores, offering consumers a taste of its craftsmanship.

Third Wave Coffee, a coffee-first quick-service restaurant chain, is excited to announce the opening of its latest outlet at Rajiv Gandhi International Airport in Hyderabad. This new location is the eighth store in Hyderabad and the second within the airport, complementing the existing store in the arrivals area. The brand now boasts outlets at four major airports: Hyderabad, Bangalore, Delhi, and Lucknow.

The new outlet aims to enhance the travel experience for passengers by offering a perfect combination of convenience and quality.

“We understand the importance and connection between coffee and travel and believe in elevating the travel experience of every passenger. A great cup of coffee can transform the travel experience, making it more enjoyable and less stressful. We are excited to bring our unique coffee experience to Hyderabad Airport, ensuring that travellers have easy access to their favourite brews, whether they’re arriving, departing, or in transit,” said Rajat Luthra, CEO, Third Wave Coffee. 

Travelers at Hyderabad Airport can now savor the rich and flavorful coffee offerings that Third Wave Coffee is renowned for. The newly opened store will feature a diverse range of signature blends and single-origin coffees, accompanied by freshly baked goods and snacks. Whether on the move or seeking a moment of relaxation, travelers can delight in their coffee experience amidst the welcoming ambiance of the café.

Since its establishment in 2016 as a roastery with a solitary outlet in Bengaluru, Third Wave Coffee has witnessed remarkable expansion, now boasting a nationwide presence with over 100 stores. Within a short timeframe, the company has emerged as a key player in India's coffee industry, competing directly with global brands in the market. Notably, Third Wave Coffee recently secured US$ 35 million in Series C funding from Creaegis and existing investor WestBridge Capital, underscoring its trajectory of growth and success.

Hindustan Unilever Limited (HUL), a leading FMCG manufacturer, made an announcement on Thursday regarding the appointment of Arun Neelakantan as the Executive Director of Customer Development.

According to the company's statement, Neelakantan, aged 43, will be succeeding Kedar Lele, who is transitioning to an external opportunity. These changes are set to take effect from July 1, 2024.

Neelakantan, currently serving as the Chief Digital Officer, began his journey with HUL in 2006 as a Key Account Manager in Modern Trade after completing his Bachelor’s Degree from IIT Madras, followed by a Master’s from Penn State University and an MBA from the Indian School of Business (ISB).

Commenting over the development HUL CEO and Managing Director Rohit Jawa said: “Arun has a proven track record in various roles across the organisation. With his deep understanding of the customer development landscape in the country, coupled with his knowledge of channels of the future and expertise in data and technology, I am sure he will help take HUL Customer Development and Sales to greater heights.”

Jawa also took the opportunity to extend gratitude to Kedar Lele for his dedicated service to HUL. Under Lele's leadership, HUL made significant strides in the eCommerce domain, expanding its digital footprint and enhancing its online presence.

As Neelakantan assumes his new role, HUL looks forward to leveraging his expertise to drive innovation, foster strategic partnerships, and elevate customer engagement initiatives. His appointment reflects HUL's ongoing commitment to delivering value to customers and stakeholders while driving sustainable growth in the dynamic FMCG sector.

Timex Group India, a renowned watchmaker, celebrated its strong partnership with Kamal Watches by launching special edition watch collection from Timex and Guess. During the grand celebration, popular actor Sriya Reddy unveiled the exclusive collection to commemorate the occasion. 

Founded in 1969 with its first retail outlet in Abids, Hyderabad, Kamal Watch Company has expanded its presence to over 50 stores across 8 cities. With a legacy of over 55 years, the company is known for its unwavering commitment to quality and customer satisfaction, earning the title of the "Best Watch Dealer" among customers. The opening of the new store at Aparna Mall reflects Kamal Watch Company’s dedication to offering its customers the finest selection of timepieces.

Customers visiting Kamal Watches can explore the newly launched exclusive collections from Timex and Guess. The store showcases other brand collections from the Timex group, including Gc, Daniel Wellington, Ferragamo, and Versace, featuring diverse designs to cater to various tastes.

Deepak Chhabra, Managing Director, Timex India expressed, “Partnerships like these are reflective of Timex Group’s values where people are at the core of our very foundation. We are delighted to have reached this milestone year with Kamal Watches and we look forward to closing on a century. Hyderabad is a very important market for us and the fashion forward consumer mindset enables us to bring more innovation and styles. With the special edition watches collection, our consumers are in for a complete treat.”

Timex Group India Ltd (TGIL) specializes in crafting, producing, and promoting innovative timepieces. As a division of Timex Group, headquartered in Middlebury, Connecticut, TGIL contributes to a privately held company with multiple operational units and a global workforce exceeding 3,000 employees. In addition to Timex, a prominent watch brand in India, TGIL boasts an extensive collection of licensed brands such as Versace, Guess, Guess Collection, Philip Plein, Plein Sport, Ferragamo, Nautica, Ted Baker, Adidas Original, and UCB watches. Its products are available through a network of over 5000 offline trade stores and prominent online marketplaces. TGIL also manages more than 40 exclusive franchise stores under the banners of Just Watches and Timex World.

April Moon Retail Pvt Ltd (AMRPL) proudly announces the launch of its premier sunglass concept store, ‘Vue De Luxe,’ located in the Departure Sections of Terminal 3 at Lucknow CSS International Airport and Terminal 2 at Ahmedabad International Airport. ‘Vue De Luxe’ aims to transform the luxury sunglasses shopping experience, targeting millennial and Gen Z travelers, business professionals, and vacationers.

‘Vue De Luxe’ offers a sophisticated selection of luxury eyewear for both men and women, featuring an impressive lineup of international brands such as Burberry, Dolce & Gabbana, Emporio Armani, Fendi, Givenchy, Off-White, Prada, Prada Linea Rossa, Ray-Ban, Tom Ford, and Versace.

Gaurav Singh, CEO of AMRPL, expressing his excitement about the launch, stated, “It is with immense pride and joy that I announce the opening of our latest sunglass concept, ‘Vue De Luxe,’ at the new Lucknow Airport Terminal. This luxury sunglasses store is not just a testament to April Moon Retail Pvt Ltd’s commitment to excellence but also a symbol of our vision to bring the finest experiences to the discerning traveler. ‘Vue De Luxe’ stands as a beacon of style and sophistication, offering a curated selection of eyewear that embodies the spirit of luxury. The store is designed to provide our customers with an unparalleled accessory experience. I invite you all to visit ‘Vue De Luxe’ and see the world through a new lens of luxury.”

The store is designed with a visually appealing, state-of-the-art aesthetic and provides a seamless shopping experience. Digital screens display brand videos and communications, enhancing the overall ambiance. The launch of ‘Vue De Luxe’ aligns with the holiday season and the recent cricket season, which has increased passenger traffic at both airports. These prime locations provide an ideal platform to attract travelers in search of luxury and style.

Chennai-based Kothari Industrial Corporation Ltd. (KICL) is gearing up to enter the retail space and has signed an agreement with France-based Royer Group to bring the iconic Kickers brand of products to India. The tie-up with Royer Group will help KICL to host Kickers retail stores across the country. The first such retail Kickers’ store will come up in Chennai.

“The entry of Kickers into India could prove a game-changer not only for KICL but also for retail fashion products as a whole,” J. Rafiq Ahmed, Managing Director, KICL said. Kickers is a unique retail concept, and the brand mirrors the latest trends and fashion in the designer products in footwear and clothing.

The licensing pact with the French company is an all-encompassing one and includes various Kickers brand of products such as footwear, apparels, and accessories.

Besides India, the licensing agreement gives KICL marketing rights for Kickers brands in countries such as Sri Lanka, Bangladesh, Maldives, Bhutan, Nepal, Qatar, the UAE, and Saudi Arabia. KICL is one of the oldest and iconic industrial houses in Tamil Nadu and is headquartered in Chennai, while Kickers is a heritage shoe brand founded in 1970. Though it is of French origin, the brand bears an international dimension. 

HanesBrands, a global leader in iconic apparel brands, has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Company’s global Champion business to Authentic Brands Group (“Authentic”) for a transaction value of $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. This agreement, which has been unanimously approved by the HanesBrands Board of Directors, is the successful conclusion of the Company’s previously announced evaluation of a range of strategic options for the global Champion business.

HanesBrands has made significant progress in recent years to reignite its innerwear business, increase market share, attract younger consumers, and strengthen its operating model. Upon completion of the transaction, the Company intends to focus on extending its leadership position in the innerwear category and generating above-market growth through continued consumer-centric product innovation and increased investment across its portfolio of leading brands, including Hanes, Bonds, Maidenform, and Bali.

Bill Simon, Chairman of the Board said, “Following a thorough review of options for the global Champion business with the support of our financial and legal advisors, we are pleased to have reached this agreement with Authentic Brands Group that we believe maximizes value for Champion and best positions HanesBrands for long-term success. Importantly, we believe this transaction will enable the Company to accelerate its debt reduction while positioning HanesBrands to deliver consistent growth and cash flow generation through a focused strategy on advancing its leading innerwear brands and optimizing its world-class supply chain.”

Steve Bratspies, CEO stated, “Today’s announcement is the culmination of significant effort by our teams to position all of our brands on the optimal path for the future. Over the past three years, we have taken necessary actions to enhance the Company’s operations and financial performance – returning to historical gross margins, reducing our cost structure, lowering our debt levels, and generating consistent cash flow. The successful completion of this transaction further simplifies our business, deleverages our balance sheet, and enhances the Company’s operations and financial performance. As we begin the next chapter for HanesBrands, we believe we’re in an even stronger position to further extend our leadership in innerwear, pursue new cost reduction opportunities as we ensure we have the right operating structure in place, and advance our multi-year flywheel to drive strong shareholder returns.”

The transaction remains subject to customary closing conditions and is expected to be completed in the second half of 2024. Subsequent to the closing, HanesBrands will provide certain transition services for Champion, including operating the business in select regions through a transition period.

HanesBrands expects net proceeds from the transaction of approximately $900 million, including working capital adjustments and other customary transaction costs and excluding the contingent cash consideration. In line with HanesBrands’ commitment to debt reduction, the Company will utilize all net proceeds from the transaction to accelerate its reduction of debt and expects meaningful deleveraging on a net debt-to-adjusted EBITDA basis.

On a trailing 12-month basis as of the end of the first quarter of 2024, the global Champion business generated approximately $75 million of adjusted EBITDA, which is net of approximately $60 million of stranded costs. The Company has specific plans to remove all stranded costs within a year of the transaction closing as it completes the transition of the business.

The Company intends to classify Champion as discontinued operations in the second quarter of 2024 and as a result, expects to update its full-year 2024 guidance in conjunction with the release of its second-quarter earnings results.

Goldman Sachs & Co. LLC and Evercore are serving as financial advisors to HanesBrands, and Kirkland & Ellis LLP and Jones Day are serving as their legal advisors.

Nisaba Godrej has resigned as the independent director on the VIP Industries board due to differing views on leadership accountability and succession planning.

“As discussed, due to my differing view on leadership accountability and succession planning, I will be resigning from the Board effective June 3rd, 2024. V.I.P Industries is a wonderful company, a creator of the luggage category in India and the market leader and I wish the company much success in the years to come,” Godrej said in a letter to the company.

Nisaba is also serving as an independent director on the boards of Airtel and Mahindra & Mahindra.

Bottega Veneta has reopened its Mall of Emirates store, revealing a fresh design concept crafted by Matthieu Blazy.

The revamped space pays homage to classic Italian materials and the brand's birthplace of Venice. Concrete tiles, inspired by the renowned Venetian architect Carlo Scarpa, adorn the store facade and interior, lending a serene and sophisticated ambiance.

Italian walnut wood shelving, display units, and mirrors, along with stunning Verde Saint Denis marble sourced from northern Italy, contribute to the refined aesthetic. Soft textures such as wool carpets and woven leather seating in shades of green, brown, and black evoke signature Bottega Veneta materials.

Iconic Bottega Veneta designs inspire fixtures like the main door handle resembling the Sardine bag and ceramic plant pots crafted by the same Milan studio responsible for the brand's enamelled ceramic details.

The store introduces an enhanced customization offering, featuring a folding wooden room screen creating a private space for made-to-order services. This area allows customers to personalize iconic Bottega Veneta bags according to their preferences, selecting colors, materials, and personalization details.

Towards the rear, rotating doors in Verde Saint Denis marble lead to an intimate VIC area, showcasing 15 unique Knot bags from the brand's archive and a selection of its jewelry collection.

The new boutique will debut with the Pre-Fall collection and Bottega Veneta's new candle collection. To mark the reopening, the store will launch three exclusive Sardine bags with ceramic handles and six exclusive handbags in exotic leathers.

Kalyan Jewellers India Ltd has announced the signing of the definitive agreement with Rupesh Jain, Founder of Enovate Lifestyles Pvt. Ltd to acquire his residual 15 percent in Candere, a subsidiary of Kalyan Jewellers. This stake acquisition for consideration of Rs 42 crore will result in Candere being a wholly owned subsidiary of Kalyan Jewellers, as it pivots from e-commerce to omnichannel commerce. Kalyan Jewellers acquired a majority stake in the company in 2017 as part of its foray into the e-commerce business. Candere recorded an annual revenue of Rs 130.3 crore in FY2023-24.

Candere has been part of the fast-growing affordable and accessible jewelry segment since 2013. Following its acquisition by Kalyan Jewellers in 2017, the brand has made steady progress in terms of its offerings, customer preference, and presence in leading marketplaces. Over the last sixteen months, Candere has embarked on a strategic pivot to omnichannel commerce in line with emerging consumer needs. Aligned to this transition, experienced talent is being inducted both at operational and at management levels. During the course of the last fiscal, Candere launched 11 physical showrooms across the country and is looking at quadrupling its offline presence during this fiscal.

Commenting on the announcement, TS Kalyanaraman, Managing Director, Kalyan Jewellers said, “Kalyan Jewellers has demonstrated its ability to grow a hyper-local consumer brand with size and scale while remaining agile to the evolving needs of customers. With Candere, we are excited to explore an emerging market segment within the jewelry industry, focusing on lightweight, fashion-forward, and universally appealing designs. We thank Rupesh Jain for his passion and commitment to shaping a unique position for Candere and believe that the next phase of growth will be best captured with a significant retail presence and a strategic pivot to omnichannel commerce.”

Rupesh Jain, Founder of Enovate Lifestyle added, “The candere journey has been a lifetime adventure, filled with immense learning and unparalleled value creation. In many ways, it is a reiteration of the adage, ‘dreams do come true’. Candere benefitted enormously when Kalyan Jewellers came on board about seven years ago. As it embarks on the next phase of growth, I am sure that Candere, true to its name, will continue to shine and consolidate its special place in the minds of the Indian consumers.”

Wildcraft India announced a partnership with Dubai-based fashion and lifestyle retail company Apparel Group to facilitate its expansion in the Gulf Cooperation Council (GCC) region. According to a statement from Wildcraft India, the partnership will involve Apparel Group collaborating with leading retailers through Shop-in-Shop (SIS) arrangements. This strategy aims to increase the accessibility of the Wildcraft brand across all consumer touchpoints, both offline and online.

The collaboration also aims to establish an exclusive network of stores across all six countries in the Middle East: Saudi Arabia, UAE, Oman, Qatar, Bahrain, and Kuwait.

"This partnership signifies a pivotal move to position Wildcraft at the forefront of outdoor and adventure gear retail in the GCC region," said Gaurav Dublish, Co-Founder, Wildcraft India.

Initially, Wildcraft plans to launch select flagship stores, providing immersive spaces for customers to engage with and experience the brand. This will be followed by a broader expansion of the store network in the coming years. Additionally, Apparel Group intends to list Wildcraft products on major e-commerce marketplaces.

"This collaboration marks a pivotal step in our ongoing commitment to introduce dynamic and quality brands to the global retail forefront. We are confident that Wildcraft's unique product line will deeply resonate with our customers, further solidifying our position as a leader in the international retail sector," said Neeraj Teckchandani, CEO, Apparel Group. 

Kewal Kiran Clothing Limited (KKCL) has announced the strategic acquisition of a 50 percent stake in Kraus Casuals Private Limited (KCPL) for a total consideration of Rs 166.51 crore. This acquisition expands KKCL's market presence and strengthens its position in India and UAE markets, particularly in the Women’s Denim and Casual Wear category.

KCPL, operating under the brand 'KRAUS jeans', focuses on manufacturing, selling, designing, and exporting women's clothing, primarily in casual and denim bottom and top wear for women, teens, and kids. Through a Business Transfer Agreement (BTA), KCPL has acquired the business of partnership from Oriental Trading Company (OTC), previously operated by partners Ravi Punjabi, Sunil Punjabi, Sushil Punjabi, and Atmaram Punjabi.

Kraus, with its presence in 1,000+ large format stores and a network of 8 Exclusive Brand Outlets (EBOs), complements KKCL's extensive network of 488+ Exclusive Brand Outlets, 80+ Distributors, and presence across national chain stores in over 2,000+ counters across India.

Kewalchand Jain, Chairman and Managing Director, KKCL said, "Today’s acquisition marks a significant milestone in our journey, aligning with our strategic vision of expanding and diversifying our Denim and Casual Wear portfolio. It's not only our maiden acquisition in KKCL's history but also a testament to our commitment to growth and innovation. We warmly welcome Kraus into our fold. We anticipate this transaction to be earnings per share accretive and also generating enduring value for our shareholders in the years ahead.”

Hemant Jain, Joint Managing Director, KKCL said, “We are impressed with the founders and the way they have been able to create a credible brand in underpenetrated and complicated Women’s Denim and Casual Wear. The acquisition fast forwards our journey towards becoming a Casual Wear brand for the entire family. KKCL has an incredible presence with a strong global distribution network and outstanding partners that will enable us to power the growth and expansion of Kraus. Ravi Punjabi brings in a strong understanding of the women wear category which will further support to scale up Kraus. This is also in line with our focus of strategic investments and acquisitions in complementing business to further strengthen our leadership position."

Ravi Punjabi, Director, Kraus Casuals Private Limited said, "We have always looked out for opportunities to reach more people for our growing product range in Women's Denim and Casual apparel market. In KKCL, we have found a perfect strategic partner to help us broaden our market segment, channel partners and significantly grow our brand while remaining faithful to the founding principle of Kraus. Our combined expertise in brand building, marketing and distribution will ensure Kraus rises to its true potential. KKCL's resources and knowledge will be an incredible asset for us, and the team cannot wait to get started."

Marathon Capital Advisory Private Limited, Bansi S. Mehta and Co, Chartered Accounts, and Wadia Ghandy and Co. Advocates, Solicitors, and Notaries served as advisors to KKCL in the strategic acquisition.

Bata India recently hosted an exclusive preview event in the capital to launch the latest collection from New York’s renowned footwear and accessories brand, Nine West. This event marked a significant milestone as Bata India brought Nine West to the Indian retail market. The glamorous evening featured actor Chitrangda Singh and Delhi’s top fashion influencers, showcasing the new collection.

Deepika Deepti, Head of Marketing at Bata India stated, “At Bata, our aim is to bring the best of world’s fashion to India for our discerning customers. Nine West, born in New York City and thriving globally, is one of the most recognizable brands in the world. With its entry in India exclusively in partnership with Bata, we are proud to continue to make truly high fashion and premium styles accessible to all.”

The latest Nine West collection is inspired by empowered women who dream, lead, and excel. The collection features iconic silhouettes and elegant designs from sleek metallic stilettos to stylish monogram bags. Each piece is crafted to cater to fashion-forward women. The new collection is now available exclusively at Bata.com and select Bata stores across India.

In November 2023, Bata India announced a licensing and manufacturing deal with Authentic Brands Group (Authentic) for Nine West. This agreement grants Bata India the rights to manufacture, market, and distribute Nine West footwear and accessories across the Indian market, further strengthening its portfolio of fashion footwear and accessories.

By introducing Nine West to India, Bata India aims to offer premium fashion styles to its customers, enhancing its position in the retail sector and bringing global fashion closer to Indian consumers.

Building on the online success of its Luna Ring, Noise, a leading smartwatch and connected lifestyle brand in India, is now making its flagship product available in select Reliance Digital and Vijay Sales stores across six cities: Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, and Hyderabad. This strategic move aims to extend the accessibility and premium experience of the Luna Ring to a wider consumer base, enhancing both the retail and tech landscape in India.

Amit Khatri, Co-Founder of Noise stated, "We take immense pride in introducing the much-awaited Luna Ring at select brick-and-mortar stores, bringing the premium experience to our community of Noisemakers. Through Luna Ring, we want to empower consumers to elevate their lifestyle through seamless technological integration, allowing them to take complete control of their well-being and performance. By joining forces with leading retail partners, we can provide an immersive experience for customers who prefer to explore technology before they buy.”

This expansion into offline retail marks a strategic shift for Noise, allowing it to cater to a broader consumer base beyond the online market. Customers can now experience the Luna Ring's premium design and advanced features firsthand, which helps them understand how this wearable can enhance their health and well-being.

The Luna Ring, engineered for high performance, tracks over 70 body metrics with 98.2 percent accuracy, validated by IIIT-Hyderabad and Olympic coaches. Its fighter jet-grade titanium body offers durability, and its features provide meaningful insights into activity, readiness, and sleep, helping users achieve their full potential. The Luna Ring's integration of technology into a minimal form factor transforms data into actionable intelligence for a productive lifestyle. Recently, Noise has enhanced the Luna Ring with Artificial Intelligence to provide personalized health insights, and the acquisition of the AI-powered women's wellness platform SocialBoat further strengthens its health and fitness metrics.

The Luna Ring is available in seven sizes and five colors: Sunlit Gold, Rose Gold, Stardust Silver, Lunar Black, and Midnight Black. Customers can now explore and purchase their preferred options at the retail stores, allowing for a more hands-on experience with this innovative product.

Wooden Street, India's leading furniture retailer, is celebrating its 9th anniversary with a special sale offering significant discounts this May. The #9YearsofDeliveringHappiness campaign highlights the company's journey since its inception in 2015. Wooden Street has grown to 97 stores across India since its beginnings as a single store. The company operates three manufacturing plants in Jodhpur, Jaipur, and Udaipur, covering 15 lakh sq. ft. Additionally, Wooden Street maintains more than 20 warehouses, ensuring robust delivery capabilities.

"We are thankful for the tremendous support from our customers over the last 9 years. This anniversary sale is our way of delivering happiness to even more homes with our quality furniture at great values," said Lokendra Ranawat, CEO of Wooden Street.

As Wooden Street celebrates this milestone, the company remains dedicated to providing exceptional products, service, and pricing to delight customers across India.

Procter and Gamble Hygiene and Health Care Ltd made a significant announcement, revealing the appointment of Mrinalini Srinivasan to the esteemed position of Chief Financial Officer, effective June 29, 2024. This move marks a strategic step forward for one of P&G India's prominent entities, renowned for owning and manufacturing globally recognized brands such as Vicks and Whisper.

With an illustrious career spanning 16 years, Srinivasan brings a wealth of experience and expertise to her new role. Having commenced her journey with P&G in 2008, she has navigated through diverse geographical landscapes, including stints in Singapore, India, and Dubai. This extensive international exposure has honed her strategic acumen and given her a nuanced understanding of global market dynamics.

A distinguished alumna of FMS Delhi, Srinivasan's leadership extends beyond financial management. She spearheads corporate finance initiatives and serves as the executive sponsor for gender equality within the P&G India group, underscoring her commitment to fostering an inclusive and diverse workplace culture.

Mrinalini Srinivasan said, “I am honored for this opportunity and excited to take on the new role. I truly believe in the company’s commitment to making peoples’ lives better in small but beautiful ways, every day. This role gives me an opportunity to work with various stakeholders to bring our integrated growth strategy to life and delight our consumers with superior propositions. I look forward to contributing to the growth of P & G in India.”

Before assuming her role as CFO, Srinivasan held the esteemed position of Senior Director of Sales Finance for P&G India, where she played a pivotal role in driving growth and operational excellence.

With her appointment, Procter and Gamble Hygiene and Health Care Ltd not only strengthens its financial leadership but also underscores its dedication to nurturing talent and fostering innovation in the dynamic landscape of consumer goods. Srinivasan's strategic vision and leadership will undoubtedly play a pivotal role in driving the company's growth trajectory and delivering sustained value to its stakeholders.

Page Industries Limited, the exclusive licensee of JOCKEY International Inc., is strategically focusing on the expansion of the Jockey Juniors category in India for the financial year 2024. This move aligns with Jockey's ongoing commitment to evolving its product portfolio and meeting diverse consumer needs. Since its inception, the Jockey Juniors category has shown promising growth and is on an upward trajectory. With a comprehensive range of innerwear and outerwear for boys and girls aged 3 to 12 years, Jockey Juniors aims to redefine comfort and style for the younger generation in the retail market in India.

The kids' wear market in India is projected to grow rapidly, with t-shirts/shirts and bottom wear being the largest segment. Jockey Juniors provides a one-stop shop for parents seeking breathable, cozy, and comfortable children's clothing, offering a diverse range of products for all seasons.

Nihal Rajan, CMO of Page Industries stated, “The Juniors category has been a focal point for us since 2018, and given the growth rate we have witnessed, we would like to double down on our efforts to promote its offerings. The majority of sales currently come from metro cities across the country, and we are confident that the category will continue to grow as parents look for stylish, comfortable, and quality clothing options for their children.”

Jockey Juniors’ unique proposition is reflected in its commitment to quality, comfort, and variety, positioning itself as a front-runner in the market. The collection offers an extensive array of innerwear and outerwear for kids, ensuring they feel comfortable, confident, and stylish. From playful polos and t-shirts to cozy leggings, track pants, jackets, and hoodies, the line features fun and quirky designs in a variety of colors.

Through initiatives such as the latest TV commercial, outdoor campaigns, and the Jockey Juniors Color Splash event, Jockey is engaging with its audience in exciting ways. These efforts are bringing the brand closer to its target group and highlighting the fun and vibrant spirit of Jockey Juniors' offerings.

Modenik Lifestyle Pvt Ltd a leading essential wear company in India, has announced significant leadership changes. Backed by Advent International, the company revealed that Sunil Sethi will retire from his role as Executive Chairman, effective July 31, 2024. L.V. Vaidyanathan, former CEO and MD of P&G India, will take over as Executive Chairman starting in July 2024. Sethi will continue to serve on the Board of Directors, providing his invaluable guidance.

Sunil Sethi made many impactful contributions during his tenure at Modenik Lifestyle. He successfully integrated Modenik as a unified company across Dixcy and Enamor, aligning them with a shared purpose, vision, and values. This integration created a unique strategic asset, positioning Modenik as a leader in both men's and women's innerwear. Under Sethi's leadership, the company navigated the challenges of the COVID-19 crisis and emerged as a resilient organization. He also fostered a strong management team, including grooming Shekhar Tewari, who was promoted to CEO and Executive Director earlier this year.

L.V. Vaidyanathan, an alumnus of IIM Ahmedabad, brings over 25 years of experience from his career with P&G. He has worked in multiple markets, including India, Vietnam, Thailand, the Philippines, Indonesia, and Singapore. Vaidyanathan has served as CEO and MD for P&G in Indonesia and later in India, leading these businesses to industry-leading growth and value creation.

These leadership changes mark a new chapter for Modenik Lifestyle, reinforcing the company’s commitment to innovation, excellence, and sustainable growth. The board is confident that with these appointments, Modenik will continue to strengthen its market position and drive forward its strategic objectives in the retail sector in India.

“My tenure at Modenik Lifestyle has been immensely rewarding. As I embark upon my new journey focused on strategic/advisory roles and entrepreneurial venture that gives back to the community, it is with great confidence that I pass the baton to L.V. Vaidyanathan, whose extensive expertise and vision will propel Modenik to new heights. I am excited to welcome him and look forward to the continued growth and success of the company under his leadership. I am proud of seeing through Shekhar Tewari’s journey to take on the role of Chief Executive Officer for the company,” said Sunil Sethi.

“We thank Sunil, whose leadership has built Modenik into a high quality organisation today, with robust systems and processes. We are excited for the next phase of Modenik’s journey, and we believe L.V. Vaidyanathan’s vast expertise and forward-thinking approach will elevate Modenik to a market leading position,” said Sahil Dalal, MD at Advent India PE Advisors.

L.V. Vaidynathan said, "I am thrilled to join Modenik Lifestyle, a company celebrated for its innovation and leadership in the essential wear industry. Sunil Sethi’s outstanding contributions have established a robust foundation. I am eager to collaborate with Shekhar Tewari and Modenik’s talented team to drive growth and achieve new milestones.”

Shantanu Khosla, Board Member, Modenik Lifestyle said, “I want to extend my heartfelt gratitude to Sunil Sethi for his invaluable contributions to Modenik Lifestyle, which have laid a robust foundation for our continued success. As LV transitions from his successful tenure at P&G to join Modenik, it reflects a broader trend of multinational CEOs moving to private equity-backed companies in India, drawn by the opportunity to drive rapid growth and create substantial value. His decision to join us underscores his confidence in our vision and commitment to advancing our growth trajectory. Additionally, the elevation of Shekhar Tewari to CEO further strengthens our management team, and I am excited to see the innovations and successes that this new leadership will bring."

Proventus Agrocom Limited (ProV), a leading integrated health food brand, has announced its financial results for the fiscal year ending March 31, 2024 (FY24). The company reported a Profit After Tax (PAT) of Rs 7.2 crore, marking a substantial 96 percent year-over-year (YoY) increase.  

Durga Prasad Jhawar, CEO and MD of ProV shared, “We are proud to share our operational performance during FY24. We achieved a stellar 43 percent year-on-year ProV brand sales growth, totaling Rs 303 crore. This achievement is significant for two reasons: first, we are among the few companies in our category to achieve this level of sales while being profitable; second, this sales figure represents approximately 2 crore units sold, a testament to the trust our customers have in our products and our ability to reach them. Achieving this growth required us to increase our production capacity to over 1.25 lakh units per day, showcasing our execution capability and efficiency.”

Financially, ProV has reached significant milestones. The company's EBITDA reached Rs 11.95 crore, reflecting a 54 percent YoY growth. The gross margin improved to 17 percent from 14 percent last year. The PAT of Rs 7.2 crore demonstrates the company's strong financial performance, with a 96 percent YoY growth. The total consolidated income for FY24 was Rs 502 crore, showing a robust YoY growth of 19.5 percent. These results highlight ProV’s growth trajectory, supported by strategic initiatives, operational excellence, and customer satisfaction.

Looking ahead, ProV aims for significant growth by FY28, targeting brand sales of Rs 1000 crore, up from Rs 303 crore in FY24, translating to a CAGR of 32 percent. The company projects an improvement in gross margins from 17 percent in FY24 to 30.1 percent by FY28. ProV plans to achieve these targets through strategic initiatives, including expanding general trade, diversifying the sales mix, product innovation, and targeted marketing and branding strategies.

In the context of India's retail market, particularly within the "healthy snacking" landscape of dry fruits, nuts, seeds, and berries, there is substantial growth potential. The organized dry fruits industry in India is experiencing a "Triple Push" of growth drivers:

1. Shift to Organized Sector: The transition from unorganized to organized sectors is enhancing product availability, quality control, and customer trust.
2. Increasing Dry Fruits Consumption: Rising health awareness and changing dietary preferences are boosting dry fruits consumption, driving demand for branded products.
3. Rising Per Capita Income: Higher disposable incomes are leading to increased spending on premium, health-focused foods like dry fruits, supporting the growth of organized brands.

With impressive growth over the last three years and a culture focused on delivering quality products and profitable growth, ProV is set to achieve its ambitious goals. The company's strategic initiatives aim to capture a significant share of the market by FY28, ensuring continued success in India's dynamic retail sector.
 

Sebamed, a renowned skincare brand, has announced a significant leadership change with the appointment of Philip Kuncheria as the new Senior Vice President and Country Head for India. Philip's appointment reflects Sebamed India’s commitment to furthering its market growth and emphasizes continued expansion and innovation in the skincare industry.

Sebamed India has earned a reputation for offering high-quality skincare products scientifically formulated to be gentle on the skin. With Philip at the helm, the company aims to reinforce its position in the Indian market and address the evolving needs of customers. Philip brings over two decades of experience in leading large teams at multinational corporations like Mars-Wrigley, Heinz, Fractal and 3M, providing him with the expertise to drive Sebamed’s growth and innovation in India.

In a statement, Philip expressed, “It is a great honor to lead Sebamed India and transform the way skincare and skin health is viewed in India today. I look forward to collaborating with our exceptional teams and partners to maintain our market-leading growth while upholding the brand's values of quality, integrity, and innovation."

As the new Country Head, Philip will oversee all aspects of Sebamed India's operations, strategic initiatives, market expansion efforts, and innovation in skincare solutions.

Sebamed India remains committed to excellence and customer satisfaction, and Philip's appointment marks a new phase of growth and innovation for the brand. With a strong leadership team in place, Sebamed India is well-positioned to achieve new milestones and solidify its reputation as a trusted name in the skincare, hair care, and baby care segments.

Retail business in India sees a new player promoting mindful living. Clear Premium Water has released three digital video commercials (DVCs) aimed at encouraging responsible consumption and waste management.

The first commercial, "Live Consciously, Choose Wisely," features children playing outdoors and then heading to a store for refreshments. The ad encourages viewers to opt for healthier hydration choices over sugary drinks, promoting the company's commitment to conscious living.

Nayan Shah, Founder and CEO of Clear Premium Water said, “At Clear Premium Water, we believe that every individual has the power to make a difference. Our new series of DVCs aims to inspire and empower people to live consciously, choose wisely, and act responsibly. Through these powerful narratives, we hope to encourage a collective movement towards a more sustainable world.”

The second commercial, "#FakeSeFree: Embrace Authenticity," tackles the issue of counterfeit products. It shows a man with a disability choosing genuine Clear Premium Water from a range of products, emphasizing the importance of authenticity and smart shopping.

The final commercial, "Dispose Responsibly, Preserve Our Planet," underscores responsible waste management. It follows a municipal cleaner making sustainable choices in hydration and waste disposal, illustrating the broader impact of individual actions on the environment.

Each DVC aims to inspire viewers to adopt eco-friendly practices and make informed choices, fostering a movement towards a more sustainable future.

Honasa Consumer Ltd., the parent company of Mamaearth, The Derma Co., Aqualogica, and Dr. Sheths announced the strategic acquisition of CosmoGenesis Labs' assets. CosmoGenesis Labs, a leading player in cosmetic formulation and development, particularly in premium skincare solutions, will significantly enhance Honasa's research-driven innovation capabilities. This move reaffirms Honasa's commitment to pioneering product development tailored for the Indian consumer market.

Established by Rohini Manoj in 2011, CosmoGenesis has emerged as a key player in cosmetic formulation and development in India. With a steadfast focus on innovation and quality, CosmoGenesis has contributed to the creation of over 5000 cosmetic and personal care formulations for businesses across India.

Ghazal Alagh, CIO and Co-founder, Honasa Consumer Limited, commented, “Innovation has been at the core of Honasa Consumer and data-driven consumer research has kept us ahead of the curve in the personal care segment. This strategic alliance with CosmoGenesis will exponentially increase our ability to research new trends with greater efficiencies and help craft best-in-class products. It helps layfoundational setting for transformative growth and innovation in profound ways. This acquisition empowers us to tap into new sub-categories, leverage cutting-edge research and development, and ultimately, deliver exceptional value to our consumers. With CosmoGenesis in Honasa family, we're confident that our ability will drive and scale meaningful growth and make a lasting impact in the beauty industry while staying true to our values of innovation, quality, and sustainability. Together, we are set to elevate the standards of skincare, providing unparalleled benefits to our consumers, employees, and stakeholders.”

The R&D team at CosmoGenesis possesses broad expertise in cosmetics, along with significant experience in developing natural and organic formulations. With its advanced, fully equipped laboratory, CosmoGenesis showcases a commitment to excellence, providing global knowledge and support to both emerging companies and established brands worldwide.

"We have been working with Honasa Consumer for sometime now and have worked on some incredible innovations. As we join forces with Honasa, I am thrilled about the immense potential this partnership holds. Our shared commitment to innovation and excellence, particularly in botanical ingredients and natural beauty care, ensures that we will continue to create groundbreaking products that our consumers can trust,” said Rohini Manoj, Founder of CosmoGenesis. 

Partnering with CosmoGenesis, Honasa aims to provide an expanded array of groundbreaking, safe, and scientifically validated skincare solutions to modern and future generations of consumers.

Kamal Watch Co., a distinguished name in luxury timepieces, released the latest Blancpain collection, soon to be available at selected Kamal Watch Co. outlets nationwide. This grand unveiling, tailored for High Net-worth Individuals and discerning clientele, signifies a significant milestone in our commitment to providing unparalleled luxury and craftsmanship to our esteemed customers across India.

At the core of this launch lies the stunning Ladybird Colors line, an exquisite addition to Blancpain’s esteemed women’s collection. This series injects a fresh and dynamic energy into women’s timepieces. The dial, meticulously crafted from an exclusive variety of mother of pearl, showcases striking red Roman numerals, underscoring Blancpain’s dedication to precision and excellence.

Continuing its iconic legacy, Blancpain introduces new 42 mm-diameter Fifty Fathoms Automatique models. Following the success of last year’s Fifty Fathoms 70th Anniversary Act 1 limited edition, the new models are now available in luxurious red gold and sturdy titanium, enriching the existing collection. Additionally, Blancpain’s Villeret collection, also featured in this exclusive launch, draws deeply from the brand’s heritage and the charming village from which it derives its name. This collection epitomizes the timeless essence and profound authenticity of Swiss mechanical watchmaking.

Each of these collections, along with others, serves as a testament to the enduring connection between Blancpain’s illustrious history and the extraordinary intricacies of traditional watchmaking, making it a coveted possession for aficionados.

Niraj Totla, Director,  Kamal Watch Company, remarked, “Kamal Watch has been associated with Blancpain since 2019 and as we complete our 5 years with them, we curated this event where we have introduced special watches like Fifty Fathoms, Ladybird and more. Kamal Watch Co has been associated with the brand for about half a decade, and with this exclusive preview for our select clientele, we are able to introduce the uniqueness of the brand to them individually. The preview has helped us generate queries for the brand and we are hoping to build on a stronger relationship between our clientele and the brand.”

The remarkable debut of Blancpain’s collection is only the start. Every timepiece in this collection represents more than just a watch; it embodies a legacy of art, history, and unmatched craftsmanship.

Timex Group India Ltd, a prominent name in the watchmaking industry, has announced the launch of its newest watch collection, UNLTD. This launch under Timex Group India Ltd. is inspired by the iconic urban fashion brand, targeting the retail market in India.

Blending Timex Group’s expertise in watchmaking with UNLTD’s focus on street art, hip-hop culture, and skater life, this collection is designed for those who appreciate cultural diversity and artistic freedom. 

Deepak Chhabra, MD of Timex Group India Ltd said, "We are thrilled to launch the UNLTD brand in India and bring forth a new wave of style and creativity for our customers. India has the largest youth population in the world and we see immense growth potential and believe that the fusion of design and streetwear offered by UNLTD will resonate well with the fashion-savvy Indian youth."

The watch collection ranges from Rs 5995 to Rs 15995 and includes 7 exclusive men's collections across 30 styles and 12 exclusive women's collections across 47 styles. These bold and edgy designs are available exclusively on Flipkart. Prepare to embrace a new era of style and creativity with UNLTD watches by Timex Group India.

L'Oréal has introduced the Big Bang Beauty Tech Innovation Program across the South Asia Pacific, Middle East, and North Africa (SAPMENA) region, encompassing India, to foster the next wave of beauty advancements. Commencing on May 23, 2024, this expansive open innovation initiative within the beauty sector presents startups with the opportunity to execute their innovations in commercial pilot programs and potentially access markets in 35 SAPMENA region countries. Through L'Oréal SAPMENA, successful startups can leverage the company's extensive partner network and market insights.

The Big Bang Beauty Tech Innovation Program aims to discover, support, and nurture promising startups from countries across the SAPMENA region, including India, UAE, Saudi Arabia, and more. Startups will have the chance to develop pilots in Beauty Tech innovation under five challenge themes: Consumer Experience, Content, Media, New Commerce, and Tech for Good.

The competition will progress through three regional online semi-finals for the GCC, India, and Southeast Asia, culminating in an in-person SAPMENA Grand Finale. Up to ten finalists across SAPMENA will compete for top prizes in Singapore on October 23, 2024. Judges, consisting of senior executives from L'Oréal and program partners, will award the top three winners with a L'Oréal-funded commercial pilot opportunity and a year-long mentorship program.

Emphasizing co-creation and co-development, startups will tackle challenges in innovative beauty technology and marketing solutions. They will connect with commercial and digital leaders, strategic partners, and mentors to test new ideas and explore scaling opportunities.

Vismay Sharma, President of L'Oréal SAPMENA Zone said, “Asia and the Middle East are young, vibrant markets with a strong and dynamic startup ecosystem and opportunities for growth. Leveraging Beauty Tech, L’Oréal wants to uncover better and more novel ways of connecting with consumers and answering unmet needs through beauty innovations. We are on the lookout for unique solutions that leverage data and tech – we believe augmented tech, online platforms and digital services have great potential to elevate the consumer experience.”

Saloni Shah, Chief Digital and Marketing Officer, L’Oréal India said, “India is home to successful start-ups that has resulted in an incredibly dynamic ecosystem. The vibrant energy, entrepreneurial spirit, and advanced digital landscape make it conducive for innovation across industries, especially in Beauty Tech. L'Oréal is committed to supporting this ecosystem, fostering collaboration, and seeking opportunities with innovative startups to shape the future of beauty.”

Originally launched in China in 2020, the program now spans across Asia and MENA regions, tapping into the dynamic startup ecosystem and immense consumer potential. With over 40,000 startups and 180 unicorns, the SAPMENA region represents a significant market for innovation in Beauty Tech.

Dharampal Satyapal Foods Ltd. (DSFL), the confectionery division of DS Group, has achieved a notable milestone by surpassing Rs 1,000 crore in annual sales turnover for FY 2023-24. As the second largest player in the non-chocolate category in India, DSFL has grown by over 20 percent CAGR in the last three years, while the industry has grown at 9 percent. The company plans to accelerate its business growth to approximately 30 percent CAGR over the next five years through both organic and inorganic growth.

DS Group's confectionery products are available in over 26 lakh retail outlets across India, supported by one of the largest distribution networks in the country. The company holds a dominant market share in the Hard Boiled Candy (HBC) and Indian Ethnic Confectionery (IEC) segments. Key growth drivers include innovation and a robust route-to-market strategy with an omni-channel presence, including modern retail, e-commerce, and quick commerce.

Rajiv Kumar, Vice Chairman of DS Group said, "We are thrilled to announce the Rs 1,000 crore sales turnover of the confectionery arm of DS Group in the financial year 2023-24. This achievement is a result of our strategic focus on enhancing indigenization, expanding our product portfolio, and having one of the largest distribution networks in the country. Looking ahead, we aim to grow our presence in the chocolate segment while strategically expanding our leadership position in the Indian ethnic confectionery category with innovative products.”

The company's ambitious goal is to achieve a sales turnover of Rs 5,000 crore over the next five years. This will be driven by leveraging its strong foundation in flavors and fragrances and understanding consumer preferences. Currently, DS Group has a dominant position in North and East India and is expanding its presence in South and West India.

Championing sustainability, DS Group has deployed a fleet of 800+ electric vehicles for distributing confectionery products, contributing to a cleaner environment. The Group plans to invest heavily in the ESG space, adhering to high professional and ethical standards and maintaining the trust of partners, colleagues, and society.

DSFL's culture of innovation and commitment to quality is evident in its key brands like Pulse, Pass Pass, Rajnigandha Pearls, Chingles, Pulse Natkaare, and the recently acquired LuvIt. Despite competition in the hard-boiled candy market, DSFL's "Pulse" brand has remained the market leader for the past eight years. In the Indian Ethnic Confectionery segment, DSFL stands out with diverse offerings, such as "Pass Pass" for a mix of flavors and "Rajnigandha Pearls" for a single-ingredient experience.

Through continuous innovation, DSFL has transformed the Indian Ethnic Confectionery category into a branded and organized market, providing consumers with unique options. The company is strategically modernizing its ethnic product portfolio, focusing on Gen Z habits, strengthening modern trade channels, utilizing influencer marketing, and employing new-age technologies to amplify product reach. This approach emphasizes the corporate ideology of ‘Create What is Worth Creating’.

Plum, the science-first, 100-percent vegan beauty brand established in 2014, is enhancing its leadership team as it plans to expand its omni-channel retail network across India. The company has announced the appointment of Preenu Abraham as Chief Business Officer of retail. Abraham will work closely with Shankar Prasad, Founder and CEO, to accelerate Plum's growth.

For nearly a decade, Plum has been a significant player in the Indian beauty industry, setting new standards for ethical and effective beauty products. Grounded in a philosophy of ‘good science’, Plum combines natural ingredients with research-backed activities to create products that deliver results and delight customers.

Preenu Abraham brings over 22 years of experience in consumer goods sales and distribution. He has held leadership positions at companies such as Mondelez, Pepsico, Danone, and Jubilant Foodworks. At Plum, he will be responsible for driving growth across general trade, modern trade, and Plum-exclusive stores.

Abraham commented, “It is an exciting time to be building Plum, as it completes 10 years of delighting the Plumster. What lies ahead of us in retail especially is practically boundless and incredibly exciting. I am thrilled at this opportunity to architect a brand-first, process-driven approach to drive retail channel growth at Plum. I look forward to embarking on this journey with the Plum team to accelerate the brand’s growth in the months and years to come.”

Shankar Prasad, CEO and Founder of Plum, said, “Thanks to Plum’s customer obsession, passion for great products, and an honest, lovable brand persona, we have had the good fortune of serving millions of Plumsters over the last decade. Our retail rollout began 7 years ago, and now touches the lives of thousands of channel partners. Preenu’s expertise, passion, and leadership will be leveraged to further scale this world-class sales and distribution network, helping reach Plum to newer customers in India’s very diverse geography. We look forward to scripting another beautiful story here – this time in offline retail, under Preenu’s guidance.”

Plum, founded in 2013 by Shankar Prasad, an IIT-ISB alum, is India’s premium vegan beauty brand with a diverse portfolio of skincare and haircare products. With over 400 SKUs, Plum has built a strong customer base both online and offline. The brand is present in 15 countries and reaches over 350 towns and cities in India through 30+ exclusive outlets, 1,500+ assisted outlets, and over 15,000 unassisted outlets.

PoloQueen Industrial and Fintech Limited, a leading FMCG player listed on the BSE, has announced Bollywood actress Raveena Tandon as its brand ambassador. This strategic move aims to enhance the sales and distribution reach of PoloQueen’s kitchen essentials range, leveraging Tandon's widespread appeal across India.

With over three decades in the film industry, Raveena Tandon is set to bring her influential persona to PoloQueen, aiming to connect with a broad spectrum of consumers. "PoloQueen is thrilled to have Raveena Tandon as its brand ambassador. Her familial ties and magnetic personality are seen as a natural fit for PoloQueen's family-oriented consumer base, and her dynamic reputation in the industry aligns with the brand's image of loyalty and consistency. With this partnership, we expect to reach a wider audience with our kitchen essentials through an omnichannel approach,” said Udit P Sanghai, Director and CFO of PoloQueen.

The collaboration with Tandon is expected to provide PoloQueen with a competitive edge and convey a message of long-term commitment and reliability to its customers and shareholders. The pandemic has shifted consumer behavior towards home hygiene, increasing the demand for PoloQueen’s products. While the company’s long-term goals include expanding its product portfolio and gaining market share in existing regions, the immediate focus is on establishing brand loyalty and growth.

The engagement between Raveena Tandon and PoloQueen will include marketing and promotions, as well as the launch of exclusive product lines featuring Tandon’s image. PoloQueen plans to capitalize on the strong network of Kirana stores and the growing e-commerce sector in India to boost sales and visibility. This collaboration marks a significant step in PoloQueen’s strategy to solidify its position in the FMCG market.

PoloQueen, with a rich legacy from the House of Rajkamal, continues to uphold high standards of integrity and commitment across its diverse operations, including FMCG products, agro-processing, and the establishment of a state-of-the-art data center.

The Body Shop’s UK market and UK-based Global Head Office have entered administration, with a sale process for the business initiated on Monday, May 20, 2024. This move opens the possibility of new owners taking control of the brand, founded nearly half a century ago. Despite these developments, the UK business continues to trade, allowing customers to shop in-store and online.

The Body Shop India, part of Quest Retail Pvt Ltd, a leading beauty specialist omni-channel retailer and brand development company, remains unaffected. The Indian franchise leverages decades of retail experience and plays a crucial role in the brand’s global strategy, stabilizing the business core in the UK.

Shriti Malhotra, Group CEO of Quest Retail The Body Shop India stated, “The news that’s been reported relates to the UK (or company-owned markets) only. This has no effect on The Body Shop India whatsoever. We are a brand that makes a difference, not only through the products we sell, but through the immense popularity of the brand in India and the strength of the community actions we undertake. Following the recent developments in the UK, The Body Shop India remains strong, and the news of new ownership is a very positive development for us for the path ahead. With a reinvigorated approach, our investment in the brand expansion, brand advocacy, and partner growth in India remains immensely strong, especially as we are launching new retail and quick commerce opportunities, ensuring greater accessibility to customers in India.”

Earlier this year, The Body Shop achieved 100 percent Vegan certification, with all its formulations certified by The Vegan Society. As India’s largest international beauty retailer, catering to over 1500 cities through its online reach, The Body Shop India has recently opened 20 new Activist Workshop stores and experienced 100 percent growth in quick commerce. The Body Shop India is well poised for continued growth.

In a move to address common misconceptions about alcohol consumption, the International Spirits and Wines Association of India (ISWAI), the leading body of the premium AlcoBev sector, is pushing for uniform alcohol guidelines across India. ISWAI stresses the importance of recognizing that alcohol is the same, regardless of its form.

Nita Kapoor, CEO of ISWAI explained, “Many consumers believe that distilled spirits are inherently 'stronger' and more intoxicating than beer or wine, regardless of the quantity consumed. But the reality is different. The alcohol in all drinks containing alcohol is the same, and it has the same effect on the body. There is no drink of moderation, but only a practice of moderation. If consumers underestimate the effects of drinking beer or wine, this could result in harmful consumption. Some state governments reinforce this misperception through policies and regulations that discriminate against distilled spirits and give preferential treatment to beer or wine.”

For example, Haryana’s excise policy of 2023-24 allows corporate offices with a staff of at least 5,000 and a minimum covered area of 100,000 sq. ft to consume low-alcoholic drinks like beer, wine, or spirits within office premises. Similarly, Uttar Pradesh’s 2024-25 excise policy permits beer consumption in designated areas near beer shops under specific conditions and fees.

Another misconception stems from the belief that standard servings of beer, RTDs (Ready-to-Drink), or wine have less alcohol than distilled spirits due to lower alcohol by volume (ABV) listed on containers. While the alcohol in beer, wine, or RTDs is more diluted, standard serve sizes always contain the same amount of alcohol when ABV is considered. For instance, a standard serving of 10g of alcohol can be found in a 99ml glass of wine at 13 percent ABV, a 30ml measure of spirits at 42.8 percent ABV, or a 257ml glass of beer at 5 percent ABV.

Kapoor emphasized, “What matters is how much alcohol is consumed and not what type of alcohol is consumed. Over 30 countries have moderate or low-risk drinking guidelines that do not differentiate between types of alcohol; they reference standard serving sizes. ISWAI advocates for guidelines that recognize alcohol as alcohol, irrespective of its form and emphasizes the need for comprehensive regulatory frameworks that ensure and promote responsible drinking practices.”

Addressing myths about alcohol consumption is vital for informed decision-making and public health promotion. By understanding the true nature of beer, wine, and spirits, consumers can make responsible choices, and policymakers can develop evidence-based policies that prioritize public well-being.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Apparel brand Cantabil Retail has achieved its goal to record Rs 50.4 crore in Q4 FY24, announced Vijay Bansal, CMD, Cantabil. The announcement declared the Cantabil's Q4 results.

"We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which will help us to capitalise further on the growth opportunities," said Vijay Bansal.

Cantabil successfully recorded a 12 pc rise in its sales to Rs 194.1 crore in the January - March quarter in comparison to last year, the company disclosed. Its revenue from operations in Q4FY23 reached at Rs 173.9 crore.

Cantabil's net profit jumped to Rs 18.3 crore in Q4 against Rs 16.9 crore in the same period last year. For the complete FY24, the brand’s net profit was marked as Rs 62.2 crore.

“Cantabil delivered another quarter of resilient performance, underlining strong operating fundamentals despite a challenging environment and considerable slowdown in discretionary spending. We have demonstrated notable resilience in these tough conditions by delivering a revenue growth of 12% in FY24. Improvement in average bill value as well as double-digit volume growth demonstrates the trust in our brand," commented Bansal. 

He elaborated that despite reduced wedding demand, Q1 FY25 witnessed a robust surge in demand, with the company anticipating a further improvement in discretionary spending due to expectations of a regular monsoon.

Cantabil disclosed the inauguration of 86 new exclusive retail outlets, elevating the total count to 533 stores. These fresh apparel and accessory stores are now operational across Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, and Nagaland.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The performance of strategic pillars in Q4FY24 is as follows:

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

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