Retail India News: Weikfield Foods Introduces Weikfield Instant Custard Mix

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Retail & Business

BY - Indian Retailer Bureau
Sub Editor Jun 29, 2023 /

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/ 3 MIN READ

Retail India News: Weikfield Foods Introduces Weikfield Instant Custard Mix

Weikfield Foods Pvt Limited, a leading brand in India known for its Custard Powder, Corn Flour, Baking Powder, and Pasta, unveiled its latest innovation, the Weikfield Instant Custard Mix. This groundbreaking dessert, ready in just 2 minutes, is set to transform the custard powder market and aligns with the company's commitment to providing consumers with convenient and delicious food options.

Weikfield has dominated the Western Dessert Mixes category for over six decades, with its popular Weikfield Custard Powder being a household favorite. The new Instant Custard Mix leverages this popularity and aims to increase custard consumption across the Indian market.

D S Sachdeva, CEO of Weikfield Foods explained, "Custard has been a traditional dessert in many Indian households. However, it is often perceived as time-consuming and complex to prepare. Our solution is the Weikfield Instant Custard Mix, a game-changing product that offers the same delightful taste in a convenient 2-minute format. This product, developed over two years, simplifies custard preparation while retaining the distinctive flavor, taste, and smooth texture of Weikfield Custard. We are confident that this new product will reignite consumers' love for custard."

The Weikfield Instant Custard Mix is incredibly easy and convenient to prepare. With just a cup of chilled milk and a pack of Weikfield Instant Custard Mix, custard can be prepared effortlessly in two simple steps: adding the mix to chilled milk and whisking for 2 minutes.

Priced at an affordable Rs 25 per sachet, which yields 2 servings of custard, the product will soon be available on the shelves of major retailers, modern trade stores, and e-commerce platforms in major metros across India. Weikfield's innovative addition to the Ready-to-Eat segment marks another significant milestone in the company's mission to enhance life's little moments by offering quick, easy, and delicious homemade dessert options.

New Leadership for Global Expansion

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

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

Securing Financial Momentum

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

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

Accolades and Product Excellence

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

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

Looking Ahead

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

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

Retail & Business

Retail India News: Zodiac Expands Retail Footprint with New Store at Vegas Mall, Delhi

BY - Indian Retailer Bureau
Sub Editor Jan 10, 2025 / 4 MIN READ

Retail India News: Zodiac Expands Retail Footprint with New Store at Vegas Mall, Delhi

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

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

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

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

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

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

Retail & Business

TIRTIR Makes Offline Retail Debut in India Through Reliance Retail’s Tira

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 3 MIN READ

TIRTIR Makes Offline Retail Debut in India Through Reliance Retail’s Tira

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

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

Other popular products from TIRTIR include:

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

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

Jio World Drive, Mumbai
DLF Avenue, Vasant Kunj, Delhi
Mall of Asia, Bengaluru
Infiniti Mall, Andheri, Mumbai
Infiniti Mall, Malad, Mumbai

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

Retail & Business

Nike Replaces CEO Amid Struggles to Maintain Leadership in Retail Market

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 4 MIN READ

Nike Replaces CEO Amid Struggles to Maintain Leadership in Retail Market

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

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

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

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

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

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

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

Retail & Business

iD Fresh Food Expands Specialty Batter Range for Health-Conscious Consumers

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 4 MIN READ

iD Fresh Food Expands Specialty Batter Range for Health-Conscious Consumers

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

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

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

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

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

Retail & Business

Continental Enhances Tyre Safety and Performance for Indian Roads

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 4 MIN READ

Continental Enhances Tyre Safety and Performance for Indian Roads

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

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

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

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

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

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

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

Retail & Business

Funskool India Appoints K A Shabir as CEO

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 3 MIN READ

Funskool India Appoints K A Shabir as CEO

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

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

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

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

Retail & Business

Meal of the Moment Targets Rs 150 Cr Topline for 2025

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 3 MIN READ

Meal of the Moment Targets Rs 150 Cr Topline for 2025

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

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

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

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

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

Retail & Business

Retail India News: KidZania Appoints Tarandeep Singh as Chief Business Officer

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 3 MIN READ

Retail India News: KidZania Appoints Tarandeep Singh as Chief Business Officer

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

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

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

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

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

Retail & Business

Acevector Limited Appoints New CEOs for Snapdeal and Stellaro Brands

BY - Indian Retailer Bureau
Sub Editor Jan 09, 2025 / 4 MIN READ

Acevector Limited Appoints New CEOs for Snapdeal and Stellaro Brands

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

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

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

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

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

Retail & Business

India's Quick Commerce Market Set for Explosive Growth, Expanding Beyond Metros

BY - Indian Retailer Bureau
Sub Editor Jan 08, 2025 / 5 MIN READ

India's Quick Commerce Market Set for Explosive Growth, Expanding Beyond Metros

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

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

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

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

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

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

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

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

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

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

Retail & Business

Goyal Salt Strengthens Operations with Rs 80 Crore Plant in Gandhidham

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 3 MIN READ

Goyal Salt Strengthens Operations with Rs 80 Crore Plant in Gandhidham

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

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

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

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

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

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

Retail & Business

Kalyan Jewellers Reports Strong Growth in Q3 FY2025 with Expansion in India and Beyond

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 4 MIN READ

Kalyan Jewellers Reports Strong Growth in Q3 FY2025 with Expansion in India and Beyond

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

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

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

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

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

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

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

Retail & Business

Indo National Limited Restructures Leadership to Drive Diversification Strategy

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 5 MIN READ

Indo National Limited Restructures Leadership to Drive Diversification Strategy

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

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

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

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

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

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

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

Retail & Business

DoubleTWO Joins Bradford License India for Strategic Expansion into New Categories in India

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 8 MIN READ

DoubleTWO Joins Bradford License India for Strategic Expansion into New Categories in India

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

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

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

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

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

DoubleTWO

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

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

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

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

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

For more information,

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

About DoubleTWO:

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

https://doubletwo.in/

About Bradford License India

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

www.bradfordlicenseindia.com

Retail & Business

Nykaa Projects Strong Revenue Growth in Q3 FY25

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 3 MIN READ

Nykaa Projects Strong Revenue Growth in Q3 FY25

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

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

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

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

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

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

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

Retail & Business

Kevan Parekh Takes Over as Apple’s CFO, Effective January 2025

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 3 MIN READ

Kevan Parekh Takes Over as Apple’s CFO, Effective January 2025

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

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

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

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

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

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

Retail & Business

Adani Wilmar Eyes FMCG Expansion in India Following Adani Group Exit

BY - Indian Retailer Bureau
Sub Editor Jan 07, 2025 / 4 MIN READ

Adani Wilmar Eyes FMCG Expansion in India Following Adani Group Exit

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

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

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

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

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

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

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

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

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

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

Retail & Business

Retail India News: Cantabil Retail India Enhances E-Commerce Platform for a Seamless Shopping Experience

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 3 MIN READ

Retail India News: Cantabil Retail India Enhances E-Commerce Platform for a Seamless Shopping Experience

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

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

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

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

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

Retail & Business

Titan Reports 24 Pc Revenue Growth in Q3 Driven by Festive Demand in India

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 3 MIN READ

Titan Reports 24 Pc Revenue Growth in Q3 Driven by Festive Demand in India

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

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

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

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

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

Retail & Business

Adani Wilmar Reports 6 Pc Volume Growth and 33 Pc Revenue Increase in December Quarter

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 4 MIN READ

Adani Wilmar Reports 6 Pc Volume Growth and 33 Pc Revenue Increase in December Quarter

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

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

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

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

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

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

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

Retail & Business

Kati Patang Expands Global Reach with UK Stake and Licensing Agreement

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 4 MIN READ

Kati Patang Expands Global Reach with UK Stake and Licensing Agreement

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

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

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

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

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

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

Retail & Business

Page Industries Appoints Karthik Yathindra as CEO to Strengthen Retail Presence

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 3 MIN READ

Page Industries Appoints Karthik Yathindra as CEO to Strengthen Retail Presence

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

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

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

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

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

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

Retail & Business

Retail India News: Apparel Export Council Requests Tax Cuts and Machinery Duty Exemptions in Budget

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 4 MIN READ

Retail India News: Apparel Export Council Requests Tax Cuts and Machinery Duty Exemptions in Budget

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

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

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

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

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

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

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

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

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

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

Retail & Business

Allana Consumer Products Adds French Fries to Its Food Portfolio

BY - Indian Retailer Bureau
Sub Editor Jan 06, 2025 / 5 MIN READ

Allana Consumer Products Adds French Fries to Its Food Portfolio

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

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

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

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

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

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

Retail & Business

Retail India News: Mamaearth and Zepto Join Forces to Kickstart 2025 with Sustainability Campaign

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 4 MIN READ

Retail India News: Mamaearth and Zepto Join Forces to Kickstart 2025 with Sustainability Campaign

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

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

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

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

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

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

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

Retail & Business

Retail India News: India's Appliance Market on Track for 12-15 Pc Growth in 2025 Amid Strong Demand

BY - Indian Retailer Bureau
Sub Editor Jan 04, 2025 / 6 MIN READ

Retail India News: India's Appliance Market on Track for 12-15 Pc Growth in 2025 Amid Strong Demand

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

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

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

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

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

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

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

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

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

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

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

Retail & Business

ABD Expands Zoya Gin Portfolio with New Flavors in India

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 3 MIN READ

ABD Expands Zoya Gin Portfolio with New Flavors in India

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

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

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

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

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

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

Retail & Business

DMart Reports 17 Pc Increase in Q3 Revenue for FY25

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 2 MIN READ

DMart Reports 17 Pc Increase in Q3 Revenue for FY25

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

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

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

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

Retail & Business

Retail India News: Xiaomi India Appoints Sandeep Singh Arora as Chief Business Officer

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 3 MIN READ

Retail India News: Xiaomi India Appoints Sandeep Singh Arora as Chief Business Officer

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

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

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

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

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

Retail & Business

Mamaearth Joins Zepto to Promote Eco-Friendly Retail Choices

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 3 MIN READ

Mamaearth Joins Zepto to Promote Eco-Friendly Retail Choices

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

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

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

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

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

Retail & Business

Varun Beverages Invests Rs 412 Cr in South African Subsidiary

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 3 MIN READ

Varun Beverages Invests Rs 412 Cr in South African Subsidiary

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

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

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

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

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

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

Retail & Business

V2 Retail Reports 58 Pc Revenue Growth in December Quarter

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 2 MIN READ

V2 Retail Reports 58 Pc Revenue Growth in December Quarter

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

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

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

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

Retail & Business

Retail India News: Dunzo CEO Kabeer Biswas Exits as Financial Woes and Competition Mount

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 3 MIN READ

Retail India News: Dunzo CEO Kabeer Biswas Exits as Financial Woes and Competition Mount

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

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

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

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

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

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

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

Retail & Business

Retail India News: Hyundai Motor India Launches Creta Electric SUV, a Milestone in Localized EV Innovation

BY - Indian Retailer Bureau
Sub Editor Jan 03, 2025 / 5 MIN READ

Retail India News: Hyundai Motor India Launches Creta Electric SUV, a Milestone in Localized EV Innovation

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

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

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

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

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

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

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

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

Retail & Business

NIVEA India Appoints Siddhartha Juneja as E-Commerce Director to Drive Digital Growth

BY - Indian Retailer Bureau
Sub Editor Jan 02, 2025 / 4 MIN READ

NIVEA India Appoints Siddhartha Juneja as E-Commerce Director to Drive Digital Growth

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

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

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

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

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

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

Retail & Business

Retail India News: Adani Group Exits Adani Wilmar with $2 Bn Stake Sale

BY - Indian Retailer Bureau
Sub Editor Dec 30, 2024 / 3 MIN READ

Retail India News: Adani Group Exits Adani Wilmar with $2 Bn Stake Sale

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

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

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

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

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

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

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

Retail & Business

Retail India News: Snapdeal Improves Margins with 88 Pc EBITDA Loss Reduction in FY24

BY - Indian Retailer Bureau
Sub Editor Dec 30, 2024 / 3 MIN READ

Retail India News: Snapdeal Improves Margins with 88 Pc EBITDA Loss Reduction in FY24

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

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

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

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

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

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

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

Retail & Business

Madhusudan Masala Stock Hits New Peak in Competitive FMCG Sector

BY - Indian Retailer Bureau
Sub Editor Dec 30, 2024 / 2 MIN READ

Madhusudan Masala Stock Hits New Peak in Competitive FMCG Sector

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

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

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

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

Retail & Business

Ganesh Consumer Products Files for IPO to Strengthen Retail and Manufacturing Presence

BY - Indian Retailer Bureau
Sub Editor Dec 30, 2024 / 3 MIN READ

Ganesh Consumer Products Files for IPO to Strengthen Retail and Manufacturing Presence

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

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

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

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

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

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

Retail & Business

Kevin Pietersen Joins Ardent Alcobev as Investor and Brand Ambassador

BY - Indian Retailer Bureau
Sub Editor Dec 28, 2024 / 3 MIN READ

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

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

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

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

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

Retail & Business

Sexual Wellness Products Gain Popularity on Swiggy Instamart, Bengaluru Tops Sales

BY - Indian Retailer Bureau
Sub Editor Dec 28, 2024 / 3 MIN READ

Sexual Wellness Products Gain Popularity on Swiggy Instamart, Bengaluru Tops Sales

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

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

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

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

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

Retail & Business

Quick Commerce Ad Spend Surpasses Rs 1,000 Crore Annually

BY - Indian Retailer Bureau
Sub Editor Dec 28, 2024 / 3 MIN READ

Quick Commerce Ad Spend Surpasses Rs 1,000 Crore Annually

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

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

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

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

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

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

Retail & Business

Godrej Industries Group Appoints Dhruv Talwar as Associate Vice President of Corporate Brand and Communication

BY - Indian Retailer Bureau
Sub Editor Dec 28, 2024 / 1 MIN READ

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

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

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

Retail & Business

Godfrey Phillips India Appoints Siddharth Chawla as COO

BY - Indian Retailer Bureau
Sub Editor Dec 27, 2024 / 4 MIN READ

Godfrey Phillips India Appoints Siddharth Chawla as COO

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

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

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

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

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

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

Retail & Business

Reliance Retail Partners with Consumer Affairs Ministry on National Consumer Day

BY - Indian Retailer Bureau
Sub Editor Dec 27, 2024 / 3 MIN READ

Reliance Retail Partners with Consumer Affairs Ministry on National Consumer Day

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

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

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

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

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

Retail & Business

Retail India News: Haier Appliances India Set to Cross $1 Bn Revenue Milestone in 2024

BY - Indian Retailer Bureau
Sub Editor Dec 27, 2024 / 5 MIN READ

Retail India News: Haier Appliances India Set to Cross $1 Bn Revenue Milestone in 2024

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Retail & Business

Retail India News: Jubilant Food Inks Deal with Coca-Cola, Strengthens Beverage Lineup

BY - Indian Retailer Bureau
Sub Editor Dec 27, 2024 / 3 MIN READ

Retail India News: Jubilant Food Inks Deal with Coca-Cola, Strengthens Beverage Lineup

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

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

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

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

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

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

Retail & Business

Archies Expands Retail Presence to the GCC Market

BY - Indian Retailer Bureau
Sub Editor Dec 26, 2024 / 4 MIN READ

Archies Expands Retail Presence to the GCC Market

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

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

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

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

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

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

Retail & Business

FRAI Calls for Government Support to Empower Kirana Stores in India

BY - Indian Retailer Bureau
Sub Editor Dec 26, 2024 / 7 MIN READ

FRAI Calls for Government Support to Empower Kirana Stores in India

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

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

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

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

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

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

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

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

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

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

Retail & Business

Retail India News: Malabar Gold & Diamonds Launches First Showroom in Amritsar

BY - Indian Retailer Bureau
Sub Editor Dec 26, 2024 / 3 MIN READ

Retail India News: Malabar Gold & Diamonds Launches First Showroom in Amritsar

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

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

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

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

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

Retail & Business

New Balance Expands Made in USA and UK Collection in India

BY - Indian Retailer Bureau
Sub Editor Dec 24, 2024 / 3 MIN READ

New Balance Expands Made in USA and UK Collection in India

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

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

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

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

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

Retail & Business

Retail India News: Powerlook Expands Offline Retail Presence with Five New Stores

BY - Indian Retailer Bureau
Sub Editor Dec 24, 2024 / 3 MIN READ

Retail India News: Powerlook Expands Offline Retail Presence with Five New Stores

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

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

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

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

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

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

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

Retail & Business

Retail India News: Popees Baby Care Announces Major Expansion with New Stores in India and UAE

BY - Indian Retailer Bureau
Sub Editor Dec 24, 2024 / 3 MIN READ

Retail India News: Popees Baby Care Announces Major Expansion with New Stores in India and UAE

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

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

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

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

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

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

Retail & Business

Retail India News: Reliance Retail Partners with Consumer Affairs Ministry for Consumer Safety Pledge

BY - Indian Retailer Bureau
Sub Editor Dec 24, 2024 / 3 MIN READ

Retail India News: Reliance Retail Partners with Consumer Affairs Ministry for Consumer Safety Pledge

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

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

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

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

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

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

Retail & Business

Retail India News: PNG Jewelers Unveils Bridal Elegance with the Latest Rendition of Pratha Collection

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 3 MIN READ

Retail India News: PNG Jewelers Unveils Bridal Elegance with the Latest Rendition of Pratha Collection

As India enters its vibrant wedding season, PNG Jewellers, Maharashtra’s leading family jewelry brand, introduces an enchanting update to its celebrated Pratha collection. This exquisite bridal jewelry range is a tribute to the timeless traditions and grandeur of Indian weddings, promising to captivate hearts across the state with its dazzling new campaign.

Originally launched in January 2024 to rave reviews, Pratha—symbolizing “tradition”—returns with an extended selection of jewelry crafted to perfection. The collection features heavy bridal sets, necklaces, chokers, earrings, rings, maang tikas, kadas, and stunning diamond pieces. For diamond jewelry enthusiasts, Pratha now includes polki, kundan, and pearl designs. Incorporating intricate meenakari and jadau craftsmanship, the range seamlessly blends traditional artistry with contemporary design sensibilities to cater to every bride’s unique style and the diverse ceremonies of Indian weddings.

Dr. Saurabh Gadgil, Chairman and Managing Director, PNG Jewellers stated, “When Pratha was launched for the first time, it was an instant hit with our customers. Now, with the addition of pearls, jadau, kundan and meenakari works, we are adding another dimension of brilliance to this already majestic bridal jewelry range. Pratha enhances the desire for individuality in every young bride-to-be today, and complements the blend of tradition and trend with the scope for customization to produce a look every bride dreams of.”

The Pratha collection celebrates the sacred bond of marriage, combining grace, cultural richness, and timeless elegance. Designed for the modern bride, it features studded jewellery adorned with uncut and colored gemstones, exuding a regal charm. The campaign beautifully captures brides in candid, royal moments, honoring their inner queens.

Running from December 15, 2024, to January 31, 2025, the Pratha campaign will be available across all PNG Jewellers stores in Maharashtra, Goa, and online, inviting all lovers of tradition and matrimony to embrace its heritage.

Retail & Business

Retail India News: L’Oréal to Acquire South Korean Skincare Brand Dr.G from Swiss Retailer Migros

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 3 MIN READ

French cosmetics giant L’Oréal announced on Monday that it has agreed to acquire Gowoonsesang Cosmetics, the parent company of the South Korean skincare brand Dr.G., from Swiss retailer Migros. This move highlights L’Oréal's commitment to expanding its portfolio with innovative and globally appealing brands.

The South Korean beauty market, renowned for its cutting-edge innovations and influence in the global "K-Beauty" trend, continues to attract international interest. L’Oréal emphasized that Dr.G. is well-positioned to meet the rising demand for effective yet affordable skincare solutions, particularly within the K-Beauty segment. The company noted that Dr.G. has significant potential for pan-Asian expansion and global growth.

"We have been following the brand and its success for many years and we look forward to accelerating its growth in South Korea and the rest of the world," said Alexis Perakis-Valat, Global President of L'Oréal's Consumer Products Division.

Reuters reported last week that L’Oréal and Migros were in the final stages of negotiations for the deal. Earlier this year, Migros announced a strategic review of its Mibelle cosmetics group, seeking a new owner for Gowoonsesang Cosmetics and other brands.

Although L’Oréal did not disclose the valuation of the acquisition, the deal comes at a time when growth in the Chinese beauty market—a key driver of the industry—has slowed. Nevertheless, L’Oréal remains focused on tapping into South Korea’s dynamic beauty sector, which continues to lead global trends.

This is not L’Oréal's first foray into the South Korean market. In 2018, the company acquired the makeup brand 3CE, further cementing its commitment to the region. With Dr.G., L’Oréal aims to strengthen its position in the K-Beauty space and bring innovative skincare solutions to a broader global audience.

Retail & Business

Epigamia CEO Rohan Mirchandani Dies at 42 Leaving a Legacy in India's FMCG Industry

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 4 MIN READ

Epigamia CEO Rohan Mirchandani Dies at 42 Leaving a Legacy in India's FMCG Industry

Rohan Mirchandani, CEO and co-founder of Epigamia, a prominent Greek yogurt brand in India, passed away on December 21 due to cardiac arrest. The 42-year-old entrepreneur’s demise has brought attention to the challenges of work-life balance in India's retail and startup ecosystem. Epigamia's parent company, Drums Food International, confirmed his death in a joint statement and emphasized that the business would continue under the leadership of co-founders Ankur Goel and Uday Thakker.

“All of us at the Epigamia family will deeply mourn this loss...We remain steadfast in our determination to carry forward his dream with strength and vigor,” said a spokesperson from Drums Food. “The senior leadership of Epigamia, led by Ankur Goel (COO and Founding Member) and Uday Thakker (Co-founder and Director), continues to steer the company’s day-to-day operations with the full support of the board of directors, including Rohan’s family,” the statement added.

Mirchandani founded Drums Food International in 2013 to bring innovation to India's FMCG sector. Over a decade, the startup grew to become the third largest in its segment, with a valuation of Rs 160 million and a market share of nearly 6 percent, according to research firm Tracxn. The company's revenue was projected to rise to Rs 250 crore in FY25, as per a recent interview Mirchandani gave to Moneycontrol.

At the time of his passing, Mirchandani held a 4.68 percent stake in Epigamia. Over 17 rounds of funding, his share had slightly decreased from 4.8 percent in the pre-funding stage to the current level. He remained the largest shareholder among the founders, who hold 1 percent or less.

Mirchandani's sudden passing has reignited the discussion around work-life balance and the pressures faced by startup founders. A recent report by mental health startup YourDOST highlighted that entrepreneurs in the early stages of their journey often experience heightened imposter syndrome due to the pressures and uncertainties of startup life.

His death follows the earlier losses of two other Indian startup founders, Rohan Malhotra and Ambareesh Murthy, who also succumbed to cardiac arrests in 2024. These incidents underline the growing need for addressing the impact of stress and long working hours on health in India’s startup and retail sectors.

Retail & Business

Retail India News: Rohan Mirchandani, Founder of Drums Food International and Epigamia, Passes Away

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 3 MIN READ

Retail India News: Rohan Mirchandani, Founder of Drums Food International and Epigamia, Passes Away

Rohan Mirchandani, the founder of Drums Food International and the popular Greek yogurt brand Epigamia, has tragically passed away due to a cardiac arrest, as confirmed by a company statement. He was 42 years old.

Mirchandani, who co-founded Drums Food International in 2013, suffered a sudden cardiac arrest on Saturday. His untimely death has left a deep void within the company and the Epigamia family.

“All of us at the Epigamia family will deeply mourn this loss. Rohan was our mentor, friend, and leader. We remain steadfast in our determination to carry forward his dream with strength anvigouror. Rohan’s vision and values will continue to guide us as we work together to honor the foundation he built and ensure that his dream continues to flourish,” shared Ankur Goel and (Co-founder & Director) Uday Thakker COO & Founding Member, Epigamia.

The Epigamia board also paid tribute to Mirchandani, calling him not only a visionary leader but an inspiration to all who knew him. The board stated, “Rohan was not only a visionary leader but also an inspiration to everyone who had the privilege of knowing him. His unwavering commitment, boundless energy, and deep passion for Epigamia have left an indelible mark on all of us. We will work closely with the leadership of the company to take Rohan’s legacy to greater heights.”

Despite the loss, the senior leadership team, including Goel and Thakker, will continue to manage the company’s day-to-day operations, with the support of the board of directors and Rohan’s family, Raj Mirchandani, Verlinvest, and DSG Consumer Partners.

Epigamia offers a range of yogurt-based products, as well as plant-based items, beverages, and desserts. The company remains focused on honoring Mirchandani's legacy while moving forward with his vision.

Retail & Business

Retail India News: Hisense Partners with Reliance resQ to Elevate After-Sales Service Across India

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 3 MIN READ

Retail India News: Hisense Partners with Reliance resQ to Elevate After-Sales Service Across India

Hisense, a well-known leader in consumer electronics and home appliances, has announced a strategic partnership with Reliance resQ, the after-sales service arm of Reliance Retail, to improve service standards across India. This collaboration revealed on Monday, aims to elevate the after-sales experience for Hisense customers by leveraging Reliance resQ’s technological expertise and its vast reach across over 19,000 pin codes in India.

The partnership is designed to revolutionize after-sales service in India, focusing on faster installations, prompt repairs, operational efficiency, and nationwide coverage. Hisense aims to provide customers with a seamless, high-quality service experience that prioritizes speed and satisfaction.

“Our customers are at the core of everything we do. Partnering with Reliance resQ allows us to merge innovation with operational excellence, setting a new benchmark for after-sales service in India. Together, we are building a service ecosystem that prioritizes speed, transparency, and customer satisfaction, reinforcing trust in the Hisense brand,” said Pankaj Rana, CEO, Hisense India.

Looking ahead, Hisense plans to further enhance its after-sales services with the launch of the Hisense Care Hub in 2025. This premium service platform, developed in collaboration with Reliance resQ, will offer personalized support for customers, providing tailored solutions to their specific needs. The Hisense Care Hub will serve as a crucial part of Hisense’s strategy to blend innovation with customer-centric solutions, further elevating the after-sales experience.

Operating in over 160 countries, Hisense offers a diverse portfolio of products, including multimedia electronics, home appliances, and intelligent IT solutions. The partnership with Reliance resQ strengthens Hisense’s presence in India, where it continues to focus on delivering top-quality products backed by world-class after-sales service. The company aims to create a comprehensive service ecosystem that not only meets but exceeds the expectations of customers in the growing Indian market, reinforcing its commitment to customer satisfaction and operational excellence.

Retail & Business

Allied Blenders Expands ICONiQ White Whisky to Andhra Pradesh

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 3 MIN READ

Allied Blenders Expands ICONiQ White Whisky to Andhra Pradesh

Allied Blenders and Distillers Limited (ABD), India’s third-largest spirits company, has launched its internationally recognized ICONiQ White International Whisky in Andhra Pradesh. This launch brings ICONiQ White to 23 states and union territories across India, further expanding its reach in the Indian retail spirits market.

ICONiQ White is a blend of imported Scotch malts aged in bourbon oak casks and Indian grain spirits. The whisky is known for its fruity and nutty aromas, paired with a woody character. Recognized as one of the fastest-growing spirits brands globally, ICONiQ White caters to the growing demand for premium spirits in India.

The launch targets Andhra Pradesh’s Prestige and Above (P&A) segment, where whisky accounts for over 60 percent of the Indian Made Foreign Liquor (IMLF) market. The product is designed to meet the preferences of both connoisseurs and casual drinkers.

Bikram Basu, Chief Innovation and Strategy Officer at ABD stated, "We are thrilled to bring ICONiQ White International Whisky to Andhra Pradesh, a state with rich appreciation for quality brands. This launch is a step towards offering a sophisticated and premium experience to our growing base of whisky enthusiasts."

Alok Gupta, Managing Director of ABD added, "With the launch of ICONiQ White Whisky, we are further strengthening our footprint and portfolio in India. Our team is constantly striving to offer consumers an extraordinary product that speaks to their desire for superior quality, exceptional taste, and unforgettable moments."

Retail & Business

Titan Marks 40 Years with India’s First Tourbillon Watch

BY - Indian Retailer Bureau
Sub Editor Dec 23, 2024 / 6 MIN READ

Titan Marks 40 Years with India’s First Tourbillon Watch

Titan Company Ltd is celebrating 40 years of redefining the industry with innovative designs and craftsmanship. Established in 1984, Titan has built a legacy of blending elegance with modern sensibilities. As part of its anniversary celebration, the company has unveiled India’s first Tourbillon watch under its limited-edition ‘Commemorative Collection,’ which includes four exclusive timepieces reflecting its rich heritage and vision for the future.

Suparna Mitra, CEO, Watches & Wearables, Titan Company Ltd said, “For four decades, Titan has been a beacon of innovation, art, and craftsmanship. We are proud of our diverse range of timepieces that cater to every taste and occasion. As we celebrate ‘40 Years of Joy’ with this limited-edition series, we are delighted to present the Titan Tourbillon. This magnificent watch, made in India, is a testament to our horological prowess and our manufacturing and design capabilities.”

Flying Tourbillon Movement with 7TH1 Calibre
The centerpiece of the collection is India’s first Flying Tourbillon Movement, the 7TH1 Calibre, developed entirely in-house. This timepiece represents Titan’s legacy of precision and artistry. The flying tourbillon bridge, shaped like a “T” to symbolize Titan, doubles as the Petite Seconds hand. The Calibre is hand-decorated with four finishes: Perlage, Côte de Genève, Spiral Satin, and Circular Satin. Operating at a frequency of 4 Hz, it offers a 36-hour power reserve.

The dial features handcrafted guilloché patterns, with a flinqué pattern on the peacock blue sub-dial and a grain-of-rice pattern on the rest. Encased in an 18K rose gold case (44 mm), the watch includes a sapphire glass exhibition caseback and individually numbered rings that proudly state its Indian origin. The packaging includes a metal plaque, leather travel pouch, wiping cloth, loupe, and a story booklet with warranty details.

The Classique Case
Inspired by Titan’s original bestsellers, the Classique case features two models (40 mm and 34 mm) with rose-gold accents, sleek silver-white lacquered dials, and black leather straps. Made with surgical-grade stainless steel and sapphire crystal glass with anti-reflective coating, these watches incorporate the original ‘Tau’ Titan logo and an engraving commemorating “40 Years of Joy.” Limited to 1,000 pieces, the watches come with a P3H Quartz movement. The packaging includes a metal plaque with a QR code, a leather travel pouch, a microfiber cloth, and an e-warranty card.

Moonphase Multifunction Watch
The reimagined Moonphase Multifunction Watch is available in two sizes (40 mm and 34 mm) and features regal blue hour and minute hands, a moonphase display, and a black leather strap. The silver-white cambered dial complements surgical-grade stainless steel cases with sapphire crystal glass. The watch retains its classic appeal with calendar complications and the original ‘Tau’ Titan logo. Limited to 900 pieces, it comes with similar packaging, including a QR code plaque and travel pouch.

Titan Gold Mechanical Watch
The Titan Gold Mechanical Watch is a 38 mm, 18K gold timepiece featuring the Slim Edge Mechanical Movement. With a domed sapphire glass, genuine alligator leather strap, and a wafer-thin 2.2 mm hand-wound movement, the watch exemplifies precision engineering. The classic ‘Tau’ Titan logo, a silver-white lacquered dial, and golden dotted minute markers add to its exclusivity. This watch offers a 42-hour power reserve and is packaged with a QR code plaque, travel pouch, and warranty details.

Titan’s 40-year journey is marked by a consistent commitment to innovation and quality in retail, firmly establishing its position as a leader in India’s watchmaking industry.

Retail & Business

Retail India News: Consistent Infosystems Opens Its First Exclusive Showroom in Ghaziabad

BY - Indian Retailer Bureau
Sub Editor Dec 21, 2024 / 3 MIN READ

Retail India News: Consistent Infosystems Opens Its First Exclusive Showroom in Ghaziabad

Consistent Infosystems, one of India's fastest-growing IT and surveillance brands, has proudly announced the grand opening of its first exclusive showroom in Ghaziabad. Located at Oldy Goldy Computer Sher Singh Palace, Gandhi Nagar, the showroom was inaugurated by the company’s Co-Founders, Nitin Bansal and Yogesh Agrawal, who were the esteemed Chief Guests at the event.

This new showroom represents a significant milestone for Consistent Infosystems as it brings its innovative range of IT hardware, surveillance solutions, and consumer electronics closer to customers. Designed to provide a hands-on experience, the showroom showcases cutting-edge technology and offers customers the opportunity to explore high-quality, reliable products in person.

Yogesh Agrawal, Co-Founder and CEO, Consistent Infosystems said, “The opening of our first exclusive showroom reflects our commitment to delivering excellence and strengthening our presence in key markets. We are excited to provide our customers in Ghaziabad and surrounding areas with direct access to our premium products and solutions. This showroom will serve as a hub for innovation, trust, and growth.”

Nitin Bansal, Co-Founder and Managing Director of Consistent Infosystems added, “This is just the beginning of our journey towards expanding our direct customer outreach. By launching exclusive showrooms, we aim to enhance accessibility, provide superior service, and redefine customer experience in the IT and electronics industry.”

This expansion reflects Consistent Infosystems' dedication to growing its footprint in India’s fast-evolving IT and electronics sector. By fostering closer relationships with customers and partners, the company aims to provide tailored solutions and services that meet the dynamic needs of its clientele. As Consistent continues to innovate and expand, this showroom represents a significant milestone in its efforts to bring the best of technology directly to consumers, ultimately driving the future of the IT and surveillance industries.

Retail & Business

Retail India News: India’s Drone Delivery Sector Faces Challenges Amid Optimistic Industry Outlook

BY - Indian Retailer Bureau
Sub Editor Dec 21, 2024 / 4 MIN READ

Retail India News: India’s Drone Delivery Sector Faces Challenges Amid Optimistic Industry Outlook

A recent survey has shed light on consumer attitudes toward drone deliveries in India, revealing that only 6 percent of respondents are willing to pay for this futuristic service. The findings highlight the early stages of drone delivery adoption and the challenges ahead in achieving broader acceptance among consumers.

Despite these lukewarm results, industry leaders remain confident about the potential of drone logistics.

"The findings of the survey are interesting, but it’s important to recognize that drone delivery is still in its very early stages of adoption. Despite this, the response we’ve seen at Skye Air has been highly encouraging. For example, in Gurugram alone, we are already delivering thousands of orders per day via drones, and the feedback has been overwhelmingly positive. It’s a win-win situation—customers enjoy receiving their products almost instantly at the same cost, e-commerce platforms benefit from drastically reduced TAT (turnaround time), and brands are thrilled with the speed of shipments,” shared Ankit Kumar, CEO of Skye Air.

The benefits of drone delivery are already being realized by early adopters.

Urban hubs like Gurugram provide a fertile ground for drone delivery due to high population density and the demand for rapid commerce solutions. By reducing dependency on conventional vehicles, drones are addressing urban traffic challenges while aligning with sustainability goals through reduced carbon emissions.

However, scaling operations and achieving cost-effectiveness remain critical challenges for the industry. Kumar expressed optimism, stating, “As drone technology scales and we achieve economies of scale, delivery costs will only continue to decrease, making this innovative logistics solution even more viable for wider adoption.”

The survey marks a pivotal moment for drone logistics in India. While consumer readiness is currently low, the undeniable efficiency, speed, and environmental advantages of drone deliveries position the technology as a potential game-changer for the e-commerce and logistics sectors. As costs decline and awareness grows, drone delivery could soon become an integral part of India’s logistics ecosystem.

Retail & Business

Retail India News: Nitori Makes Grand Entry into India with First Store at R City Mall, Mumbai

BY - Indian Retailer Bureau
Sub Editor Dec 20, 2024 / 4 MIN READ

Retail India News: Nitori Makes Grand Entry into India with First Store at R City Mall, Mumbai

Nitori, Japan's renowned furniture and home furnishing retail chain, marked its entry into the Indian market with the opening of its first store at R City Mall, Ghatkopar, Mumbai. Spanning an impressive 32,000 sq. ft., the store offers customers a spacious and immersive shopping experience. With this launch, Nitori enters the USD 23.9 billion Indian home furnishing market, aiming to provide high-quality furniture and decor at affordable prices.

This launch is part of Nitori’s ambitious global expansion strategy to operate 3,000 stores worldwide by 2032. The inaugural event at R City Mall—a bustling 1.2 million sq. ft. retail space that attracts over 1 million monthly visitors—featured a ribbon-cutting ceremony, cultural performances, and a special showcase of the Nitori collection.

Masanori Takeda, Executive Vice President in Charge of Overseas Businesses, General Manager, Global Merchandising Division, and General Manager, Global Sales Promotion Office, Nitori Holdings Co., Ltd. attended the inaugural event.

“This store is special because with it we enter into the Indian furniture and home furnishing industry, which is an important market. Above all, it will allow us to advance our mission, 'To enrich the homes of people all over the world,’ as we cater to the unique needs of Indian homes. I take this opportunity to thank everyone for supporting us and promise to create a safe haven for customers seeking premium quality,” shared Masanori Takeda.

The Nitori store at R City Mall offers a diverse range of premium home furnishing products for the living room, kitchen, and bedroom. Shoppers can explore an extensive collection, including sofas, dining tables, kitchen cabinets, beds, curtains, carpets, bedding, dishes, and other interior goods.

As part of its global vision, Nitori Group plans to open 280 stores by 2032, with a significant focus on expanding its footprint across Asia. By the end of FY2024, the brand aims to establish around 100 stores outside Japan, including further developments in its Indian division. Specific plans for future Indian locations are yet to be disclosed.

With its debut in India, Nitori is poised to revolutionize the local home furnishing market by blending Japanese quality and affordability, creating a new benchmark for premium home decor solutions.

Retail & Business

Retail India News: Tata Consumer Dismisses Speculations About Starbucks Leaving India

BY - Indian Retailer Bureau
Sub Editor Dec 20, 2024 / 3 MIN READ

Retail India News: Tata Consumer Dismisses Speculations About Starbucks Leaving India

Tata Consumer Products has dismissed recent rumors suggesting that Starbucks is planning to exit the Indian market, labeling the reports as "baseless." This clarification comes in response to a media article that claimed the coffee giant might cease operations in India due to "high operating costs" and "low profitability." On Thursday, Tata Consumer Products issued a formal statement to the National Stock Exchange of India, BSE Limited, and The Calcutta Stock Exchange, firmly rejecting the claims.

For context, Starbucks entered India in October 2012 through a joint venture between Starbucks Coffee Company and Tata Consumer Products Limited.

The letter was titled, "Clarification on News Article Titled - Starbucks to Exit India Due to High Costs, Bad Taste, and Mounting Losses."

Tata Consumer Products' statement read, "This is with reference to the news article titled - 'Starbucks to Exit India Due to High Costs, Bad Taste, and Mounting Losses. The Company would like to state that the information in the said article is baseless."

The letter went on to add: "We request you to take the above on record and note the compliance under Regulation 30(11) of SEBI (Listing Obligations and Disclosure Requirements), 2015."

Earlier, on December 16, 2024, Reuters reported that Tata Consumer Products "will calibrate" its plans for opening new Starbucks stores in the short term due to a decline in customer footfall in India, the world’s most populous country.

"We will calibrate for the short term... In the near term, there will be pressure," said Tata Consumer CEO Sunil D'Souza in an interview emphasizing that the Tata Starbucks joint venture remains committed to achieving its 2028 goals.

While the speculation about Starbucks' exit is not true, the company is still facing challenges in the highly competitive Indian market, where the coffee chain is vying for market share against other global and local brands. Despite these hurdles, Tata Consumer Products remains confident that Starbucks will continue to be a vital part of its portfolio in India and beyond.