Travel and luggage brand Uppercase has introduced the Pro Series, a premium travel gear collection aimed at modern corporate professionals navigating hybrid work routines and frequent mobility.
The launch comes at a time when work patterns are increasingly fluid, with professionals splitting time between offices, airports, cafés and co-working spaces. The Pro Series has been designed to align with these evolving needs, combining structured aesthetics with functionality and durability.
The collection includes a range of professional laptop backpacks such as Vortex, Oak, Edge and Levl. These are equipped with padded laptop compartments, separate tablet sleeves, multiple organisers, quick-access pockets, bottle holders, adjustable shoulder straps and water-resistant materials. The design focus is on supporting both daily office commutes and short business travel requirements.
For frequent flyers, the range also features cabin hard trolleys including Aero and Zyric Cabin Pro. These are built with hard-side exteriors, multi-wheel mobility, anti-theft zippers and dedicated quick-access laptop compartments. Interiors are designed for organised packing, catering to short-duration work trips.
Completing the portfolio is the Alphatech Pro Messenger Bag, which includes padded laptop and iPad compartments, multiple gadget pockets, a detachable adjustable shoulder strap and a trolley sleeve. The product is positioned as a versatile option for structured workdays and extended engagements beyond office settings.
Commenting on the launch, Ramya Ramachandran, Head of Marketing, uppercase, said, “Today’s professionals expect more from what they carry. The Pro Series has been designed to support the way people work and travel now, without compromising on design, comfort, or responsibility. It reflects our commitment to creating products that are practical, durable, and consciously made.”
Sustainability remains central to the brand’s product development strategy. The Pro Series incorporates recycled materials and focuses on long-lasting construction to encourage responsible consumption.
As part of a broader lifestyle-led positioning, uppercase has also partnered with Virgio, with the Pro Series showcased within the collaboration. The association brings together travel essentials and sustainable fashion, targeting urban professionals seeking functionality aligned with conscious choices.
Separately, the company announced the appointment of Herjit S. Bhalla as Chief Executive Officer – India Business. His new role will come into force on April 15, 2026.
Malhotra is a graduate of Savitribai Phule Pune University and holds an Executive Master’s degree in International Business from Indian Institute of Foreign Trade, New Delhi. He joined Dabur in 1994 as a Management Trainee and has since progressed through a series of leadership roles across sales and marketing.
Throughout his career at the company, he has overseen several strategic business units, including serving as CEO of Dabur International, based in Dubai. He later took charge as CEO – India Business and was appointed CEO of the company in April 2019.
Under his leadership, Dabur expanded its global footprint substantially, strengthening its position as a transnational consumer goods enterprise with operations in over 100 countries. During his earlier stint managing the MENA and Egypt regions, Malhotra focused on accelerating revenue growth and profitability, steering brand investments, and conducting regular performance assessments with regional teams and distribution partners.
PVR INOX Limited has opened a seven-screen multiplex at Inorbit Mall in Hubballi, marking its entry into the city. The 1,386-seat property introduces Hubballi’s first PXL auditorium, the company’s proprietary large screen format designed for laser projection and high resolution viewing.
The launch reflects Hubballi’s growing position as a commercial and lifestyle centre in Northern Karnataka. Located on the Gokul Road and Airport Road corridor, the multiplex forms part of Inorbit Mall’s retail mix, which includes brands such as Apple, Tommy Hilfiger, Hamleys, and American Eagle.
The PXL auditorium is equipped with 4K laser projection technology aimed at delivering enhanced brightness and colour output. The screen also features Dolby Atmos sound for multi-dimensional audio and RealD 3D technology for three-dimensional viewing.
The multiplex interiors have been designed to focus on seating comfort and layout efficiency. The property offers Celebrity Recliner seats and Front Row Loungers, providing upgraded seating formats. The food and beverage section includes a curated menu that combines international options with the company’s existing cinema offerings.
Ajay Bijli, Managing Director, PVR INOX Limited said, “We are delighted to introduce Hubballi’s first PXL auditorium and our first multiplex in the city. As Hubballi grows into a vibrant regional centre, we wanted to bring a cinema experience that matches its momentum. PXL, powered by laser technology and designed for the biggest stories, allows us to offer that. We hope this new property becomes a place where people gather, celebrate films, and enjoy time together.”
Sanjeev Kumar Bijli, Executive Director, PVR INOX Limited added, “This seven-screen multiplex, anchored by Hubballi’s first PXL, reflects our aim to combine modern design with strong technology. Hubballi has a lively cultural spirit and an audience that appreciates quality entertainment. With this launch at Inorbit Mall, we look forward to shaping a movie-going experience that feels premium, welcoming, and suited to a city that is rapidly evolving.”
With this opening, PVR INOX has expanded its footprint in South India to 606 screens across 103 properties in 29 cities.
Surya Brasil, the Brazilian clean beauty brand known for its henna-based hair colour products, has announced the expansion of its product portfolio in India. The company plans to strengthen its flagship Henna Cream offering while introducing a broader range of hair care and treatment products tailored to the Indian market.
Present in over 40 countries, Surya Brasil is increasing its focus on key growth markets, including India. The expansion will be supported by higher investments in marketing and trade engagement to enhance brand visibility and distribution reach.
The move follows strong growth in the United States, where the brand recorded 30 percent growth last year and outperformed the overall hair colour category by 16 percentage points, according to NielsenIQ data. The performance reflects growing consumer demand for natural and clean beauty alternatives.
The expansion comes at a time when the global natural cosmetics industry is projected to reach $74 billion by 2028. In India, rising awareness around ingredient transparency and sustainability is influencing purchasing decisions, particularly in the hair care segment. Surya Brasil’s expanded portfolio is positioned to cater to both professional salons and consumers seeking plant-based solutions.
Clelia Angelon, Founder and CEO of Surya Brasil said, “At Surya Brasil, we have always believed that what you apply to your hair and skin matters. India has been an inspiration to us through Ayurveda, and expanding our portfolio here feels both strategic and meaningful.”
As part of the rollout, Surya Brasil is introducing complementary hair care and treatment lines aimed at creating a complete clean beauty routine. The additions include The Color Fixation line, The Hair Therapy range, The Balanced Cleansing Shampoo, The Nourishment and Protection conditioner, Brazilian Vegetable Keratin, The Force line, and The Bio Finishers range. Henna Clean and Henna Force will further extend the brand’s treatment-focused offerings, with an emphasis on scalp care and hair strengthening.
Henna Cream remains central to the company’s India strategy. Formulated with up to 98 percent natural ingredients, the product provides full grey coverage while nourishing hair. It is free from ammonia and related by-products such as ethanolamine and triethanolamine, as well as PPD. The company aims to increase its market penetration in India’s natural hair care segment through this product.
Headquartered in São Paulo with operations in Houston and Milan, Surya Brasil states that it will continue to follow international manufacturing standards while focusing on ethical formulations and responsible sourcing as it expands in India.
Eka Care has announced a collaboration with NVIDIA to develop a next-generation AI-powered medical scribe tailored for Indian doctors. The initiative aims to build a consolidated, end-to-end, multilingual model, including a version capable of operating fully offline, enabling AI-driven documentation even in remote clinics without reliable internet access.
The partnership will combine Eka Care’s clinical data capabilities with NVIDIA’s AI software and computing infrastructure. The objective is to address key healthcare challenges, including data privacy, dependence on cloud connectivity, and the need for real-time transcription with low latency.
As part of the development process, Eka Care will use NVIDIA NeMo Curator to refine and organise large datasets of Indian medical conversations. The tool will help ensure high standards of data hygiene and preparation. To mitigate “catastrophic forgetting,” where AI systems lose prior knowledge when trained on new tasks, the company is integrating the NVIDIA Nemotron CC dataset during the pre-training phase. This approach aims to maintain the model’s general knowledge base while enhancing its medical expertise.
Eka Care is also evaluating NVIDIA Nemotron Speech models, including Parakeet automated speech recognition, to power its end-to-end application. The company aims to integrate automated speech recognition and large language model capabilities into a single architecture. The goal is to improve computational efficiency while maintaining clinical accuracy. As part of its open innovation initiative, Eka Care is exploring the possibility of open-sourcing the consolidated model.
“Building a medical scribe for India requires navigating complex code-mixing and diverse accents. By collaborating with NVIDIA, we aren't just improving our accuracy; we are building a sovereignty-first model that can live on a doctor's mobile, independent of cloud connectivity. This is the future of secure, private patient documentation,” said Vikalp Sahni, Founder and CEO, Eka Care.
Tobias Halloran, Director of EMEAI Startups and Venture Capital at NVIDIA said, “India’s AI startup ecosystem is primed for acceleration, driven by exceptional technical talent and global ambition. NVIDIA is accelerating this momentum by giving founders direct access to accelerated computing, scalable AI infrastructure, and programs like NVIDIA Inception for startups and the NVIDIA VC Alliance helping startups scale faster and build for global markets.”
The announcement comes amid broader developments in India’s AI ecosystem, including the upcoming India AI Impact Summit 2026, hosted by the Government of India under the IndiaAI Mission in New Delhi.
With this collaboration, Eka Care is positioning its medical AI solutions to function in diverse healthcare environments, including regions with limited digital infrastructure, while focusing on data security and operational efficiency.
LuLu Group India has strengthened its presence in Karnataka with the inauguration of a new Lulu Daily outlet at Divinity Mall in Bengaluru.
The newly opened store follows the Lulu Daily neighbourhood retail model, curated to cater to everyday shopping needs. With a focus on fresh fruits and vegetables, daily groceries, packaged food items, and essential household products, the format is tailored to offer convenient and accessible shopping for local communities.
Nishad M A, Director and CEO at LuLu Group India, termed the launch a key milestone in the company’s growth journey.
The Divinity Mall store becomes the retailer’s 17th operational outlet in India, underscoring its steady expansion across prominent urban centres.
LuLu Group India functions as the domestic arm of the globally diversified LuLu Group, which manages a portfolio of hypermarkets, supermarkets, and shopping malls across international markets. In India, the group has been methodically expanding its retail network through a combination of large-scale hypermarkets and compact, convenience-focused formats. Its outlets typically offer an extensive range that includes fresh produce, meat and seafood, staples, imported food products, private labels, and general merchandise.
The Lulu Daily concept reflects the group’s strategy to strengthen its reach within residential neighbourhoods by blending global retail practices with local convenience. Unlike its expansive hypermarket format, Lulu Daily is structured to support faster and more frequent shopping visits, while continuing to prioritise quality, comprehensive assortment, and competitive pricing.
Marking the occasion, Nishad emphasised the company’s continued commitment to long-term growth in India. He highlighted that every new store represents a promise to deliver quality, convenience, and a seamless shopping experience, as LuLu Group India aligns its expansion plans with the rising demand for organised retail across the country.
ZEISS has announced the launch of the fifth ZEISS VISION CENTER in partnership with SpecsBunker, further expanding its presence in India’s premium eyewear segment. The new centre builds on the success of existing ZEISS VISION CENTER locations in Bengaluru and Hyderabad, reflecting growing consumer demand for technology-led and precision-driven eye care solutions.
Spread across 1,200 sq. ft., the facility has been designed to deliver a comprehensive eyewear retail and advanced eye-care experience. The centre houses a curated range of premium frames alongside advanced diagnostic technologies, including the ZEISS VISUFIT 1000 for precise 3D digital centration and the ZEISS VISUCORE 500 for quick and accurate eye testing.
Mohit Agarwal, Founder and CEO, SpecsBunker said, “When we launched our first ZEISS VISION CENTER in Indiranagar in 2022, we did not envision that our dedication to delivering globally trusted vision care solutions would propel us to become the largest chain of ZEISS VISION CENTERS in India, now spanning 5 locations. By leveraging cutting-edge ZEISS technology and AI-driven solutions, we aim to revolutionize eyecare by seamlessly blending fashion, comfort, and precision vision. Our centers are equipped with state-of-the-art diagnostics and personalized eyewear offerings, setting new benchmarks for optical services across the nation.”
Rohan Paul, Business Head – India and Neighboring Markets, Vision Care, ZEISS India shared, “Our partnership with Specsbunker has been a remarkable journey, rooted in trust and a shared vision for excellence. From the inauguration of the first store in the city to now celebrating the launch of the 5th ZEISS VISIONC CENTER with SpecsBunker, it has been an honor to witness their success. By leveraging SpecsBunker’s expansive reach and ZEISS India’s expertise in precision optical technology, we are creating impact and driving innovation in the Indian eyewear industry.”
The new centre will retail a broad portfolio of ZEISS lenses, including ZEISS DuraVision Gold UV lenses designed for durability and UV protection, ZEISS MyoCare lenses tailored for children with myopia, and ZEISS SmartLife Lenses developed to suit digitally connected lifestyles.
In addition, the ZEISS VISION CENTER by SpecsBunker will feature eyewear from globally renowned luxury and premium brands, offering a refined mix of craftsmanship, contemporary design, and timeless classics. The expansion underscores ZEISS and SpecsBunker’s shared objective of elevating optical retail standards and delivering globally benchmarked eye care services to Indian consumers.
Kenvue has strengthened its India leadership team with the appointment of Shivajyoti Dash as Vice President – Customer Development for its India operations. He will be part of the company’s India Leadership Team and will oversee strategies aimed at accelerating growth across the country’s diverse retail landscape.
Kenvue, known for brands such as Neutrogena, Johnson’s Baby, Aveeno, and Stayfree, has tasked Dash with scaling its portfolio across traditional and modern trade channels. In his new role, he will focus on building fit-for-purpose go-to-market (GTM) models to unlock growth opportunities in both established and emerging retail segments.
Dash joins Kenvue from Dr. Reddy’s Laboratories, where he served as Head of Commercial Excellence for India. In that capacity, he led large-scale GTM optimisation initiatives and strengthened sales force effectiveness across 40 business units supported by a 10,000-member field force.
With extensive experience in the consumer goods sector, Dash brings expertise spanning sales, customer marketing, e-commerce, and commercial transformation. Over the course of his career, he has held senior leadership roles at Dr. Reddy’s Laboratories, Marico, Mondelez India, and ITC Limited.
Throughout his professional journey, he has led flagship brand launches and scale-ups, driven business transformation initiatives, executed turnaround strategies, expanded market presence across traditional and emerging channels, and implemented GTM design and e-commerce 5Ps frameworks to enhance commercial performance.
Shivajyoti Dash holds a degree in Marketing and Business Administration from the Institute of Management Technology, Ghaziabad.
V2 Retail Ltd has appointed Aashish Kataria as National Head for Business Development, according to a social media announcement. The appointment comes as value fashion retailers continue expanding into Tier II and Tier III cities to tap rising consumption demand.
In his new role, Kataria will oversee the company’s business development strategy across India. His responsibilities include driving store expansion, identifying new locations, leading lease negotiations, and strengthening V2 Retail’s presence in key markets.
Before joining V2 Retail, Kataria served as Associate General Manager for Real Estate at Vishal Mega Mart Limited. In that role, he led real estate strategy and store rollout initiatives. His experience in retail expansion and property acquisition is expected to support V2 Retail’s ongoing growth plans.
Headquartered in Gurugram, V2 Retail operates in the value fashion segment, catering to price-conscious consumers across India. The company runs stores largely in emerging cities and offers apparel and lifestyle products for men, women, and children at affordable price points.
Control Z, a renewed smartphone brand in India, has expanded its offline presence to over 100 retail stores across Delhi NCR and Haryana. The company has outlined plans to scale its network to 1,000 stores by the end of the next fiscal year.
The expansion includes partnerships with organised smartphone retail chains and local neighbourhood stores, as the company seeks to bring greater structure to the refurbished smartphone segment. All active outlets are enabled with Bajaj EMI facilities, allowing customers to access financing options at the point of sale.
Customers can visit stores to physically inspect and test devices before making a purchase decision. The brand positions its renewed smartphones as alternatives to new devices, offering them at comparatively lower price points.
Each device is restored at Control Z’s centralised Renew Hub and comes with 100 percent battery health assurance, extended warranty coverage and GST-compliant billing. The company states that this approach is aimed at improving transparency and consistency within offline retail.
Yug Bhatia, Founder and CEO, Control Z said, “With 100+ stores already live and Bajaj EMI available across our network, we are making premium renewed devices accessible, aspirational, and tangible. Our goal of 1,000 stores by the end of the next fiscal year is about building scale with structure.”
With its offline expansion strategy, Control Z is looking to strengthen its position in the refurbished smartphone market by improving accessibility, financing options, and retail visibility.
Danish brewer Carlsberg has confirmed that it is exploring the possibility of listing its India business, as it evaluates options to enhance shareholder value in one of its fastest-growing markets. Group CEO Jacob Aarup-Andersen addressed the speculation during the company’s investor call, stating that while the company intends to explore an initial public offering in India, no final decision has been made.
"We are today confirming the intention to explore an IPO in India. And we have not made any final decisions yet on that," Andersen said while responding to a query.
He added that the company is assessing various options to increase shareholder value, which may potentially include an IPO of its India operations. However, he declined to share further details.
"It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that. But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing whether we can create shareholder value." According to Andersen, the evaluation is "purely driven" by shareholder value considerations.
"And the assessment we are doing right now is whether it will create adequate shareholder value. Beyond that, we cannot comment more around a potential IPO. If we do decide to go ahead, of course, we can be more specific," he added.
Carlsberg operates in India with brands including Tuborg and Carlsberg Elephant. During the earnings call for FY25, Andersen noted that the company recorded high single-digit volume growth in India following a strong performance toward the end of the year.
"If we look at the key markets in the region, we had another good year in India," he said, adding that the company strengthened its market share across most states.
The company reported strong growth for Carlsberg Elephant and continued solid performance for Tuborg Strong, its largest brand in the Indian market. Last year, Carlsberg also introduced Kronenbourg 1664 Blanc, a French wheat beer, in India as part of its strategy to expand its presence in the premium segment.
"The brand has come off to a good start," Andersen said. India remains a key growth market for Carlsberg as it continues to expand its portfolio and strengthen its position in the premium and strong beer categories.
PNGS Reva Diamond Jewellery has fixed a price band of Rs 367 to Rs 386 per share for its Rs 380 crore initial public offering. The IPO comprises entirely a fresh issue of equity shares, with no offer for sale component. The proceeds from the public issue will be used to set up 15 new stores by fiscal year 2028. Funds will also be allocated toward marketing and promotional expenses linked to the launch of these stores to enhance the visibility of the flagship brand, Reva, along with meeting general corporate requirements.
The company was formed after its promoter, P N Gadgil and Sons Ltd, transferred its diamond jewellery business to PNGS Reva through a slump sale. This move enabled PNGS Reva to operate as an independent entity while continuing in the diamond jewellery retail segment.
PNGS Reva Diamond Jewellery is a retail-focused brand engaged in the sale of a broad range of jewellery products. As of March 31, 2025, the company operated 33 stores across 25 cities in Maharashtra, Gujarat, and Karnataka.
On the financial front, revenue from operations increased 32 percent to Rs 258.18 crore in fiscal year 2025, compared with Rs 195.63 crore in the previous fiscal. Profit rose 40 percent to Rs 59.47 crore during the same period.
With the IPO proceeds earmarked for expansion, the company aims to strengthen its retail presence in key regional markets over the next few years.
Asian Paints reported a 5.2 percent decline in consolidated profit attributable to owners for the third quarter, even as revenue from operations registered growth during the period. The company posted a Profit After Tax of Rs 1,045.6 crore for the quarter, compared with Rs 1,103.5 crore in the corresponding quarter of the previous fiscal year.
Revenue from operations rose 3.85 percent to Rs 8,819.72 crore in the reporting quarter, up from Rs 8,521.51 crore in the year-ago period.
The decline in profit despite higher revenue was primarily due to exceptional expenses during the quarter. The implementation of the New Labour Codes resulted in a one-time expense of Rs 74.5 crore related to increased gratuity and compensation for paid leaves. In addition, the company recorded an impairment loss of Rs 93.87 crore under intangibles, linked to the acquisition recognised on the purchase of Obgenix Software Private Limited, known as White Teak.
Amit Syngle, Managing Director and CEO of Asian Paints Limited said, “We had a third consecutive quarter of good volume growth with our India decorative business delivering a robust 7.9 percent volume growth in the quarter. The overall coatings business registered a 4.4 percent revenue growth for the quarter with decorative business revenue growth of 2.8 percent.”
The company’s decorative segment continued to support volume growth, even as profit was impacted by one-time charges during the quarter.
Dabur India has announced the appointment of former Hershey executive Herjit S Bhalla as Chief Executive Officer for its India Business. The company also elevated its existing CEO, Mohit Malhotra, to the role of Global Chief Executive Officer, according to a regulatory filing.
Bhalla’s appointment will be effective from April 15, or such other date as may be agreed between the two parties. He will report to Malhotra, who has been redesignated as Whole Time Director and Global Chief Executive Officer with immediate effect.
Bhalla, 49, joined The Hershey Company in 2018 as Managing Director for India. Since then, he has held multiple leadership positions within the company. From 2021 onward, he took on global responsibilities, serving as Vice President India and AEMEA, Vice President Canada and AMEA, and most recently as Vice President Canada and Global Customers.
He brings over 25 years of commercial and general management experience across various geographies and business environments. The leadership changes mark a transition phase for Dabur as it strengthens its management structure for both domestic and global operations.
Marico has appointed Ankit Porwal as CEO of Beauty and Styling Digital Business, as part of its efforts to strengthen its digital-led beauty portfolio. The company announced the development through a LinkedIn post, signalling a renewed focus on expanding its digital-first beauty and styling operations.
In his new role, Porwal will lead the next phase of growth for Marico’s Beauty and Styling portfolio. He brings experience across beauty, e-commerce, innovation, and digital transformation, which will support the company’s plans to scale its digital business.
Announcing the appointment, the company said on LinkedIn: "We are pleased to welcome Ankit PORWAL to Marico as CEO - Beauty and Styling, Digital Business. His appointment marks another step forward in our Marico 3.0 journey as we continue building consumer-first, digitally led businesses."
Prior to joining Marico, Porwal spent over 13 years at L'Oréal, where he held multiple leadership positions. He most recently served as Regional Director and General Manager, E-Commerce and Marketing Transformation, SAPMENA Multidivision.
The appointment comes at a time when beauty brands are accelerating their online and omnichannel strategies, with companies investing in digital capabilities to improve consumer engagement and drive growth.
Garmin has entered into a strategic retail partnership with Giant Bicycles India, bringing advanced cycling technology closer to riders across key urban markets. The collaboration integrates Garmin’s GPS-enabled wearables and cycling devices into Giant’s retail network, enabling customers to explore performance technology alongside premium bicycles.
Under the initial rollout, Garmin products are now available at select Giant stores in Mumbai, Pune, and Jaipur. Customers visiting these outlets can access Garmin’s cycling ecosystem while evaluating Giant’s bicycle portfolio, allowing them to make informed decisions on both equipment and performance tools at the point of purchase.
Garmin’s product range available through the partnership includes cycling computers with bike-specific mapping and detailed performance tracking, TACX indoor trainers, power meters, and power pedals for advanced training analysis, smart lighting systems equipped with rearview radar alerts, 4K ride recording cameras, and GPS smartwatches. The portfolio also features performance trackers and bundled accessories, including heart rate monitors with speed and cadence sensors, designed to support riders before, during, and after each ride.
The TACX indoor trainer complements Giant bicycles by enabling cyclists to train indoors using the same bike setup while simulating outdoor terrains. This allows riders to replicate real-world riding conditions and maintain consistency in training.
By placing Garmin’s products within Giant’s retail stores, the partnership aims to meet the growing demand for data-driven cycling tools. Riders are increasingly seeking technology that supports performance measurement, safety awareness, navigation, and structured training.
Deepak Raina, Director, AMIT GPS and Navigation LLP said, "Data has become central to how cyclists understand and improve their performance. Access to accurate ride metrics, training insights, and navigation information helps riders make better decisions and measure real progress over time without compromising on the safety on roads by increasing situational awareness. Through our partnership with Giant Bicycles India, we are bringing reliable, data-driven technology closer to cyclists at the point where they invest in their riding journey."
Varun Bagadiya, Director, Giant Bicycles India added, "We are pleased to partner with Garmin, a brand synonymous with precision and performance. Offering Garmin’s full product portfolio at our stores allows us to deliver a more comprehensive experience to cyclists, supporting them not just with world-class bicycles but also with advanced performance technology."
Cycling in India has recorded steady growth, particularly in urban centres where community riding groups, endurance events, and structured training programmes are gaining traction. With this partnership, both companies are positioning their retail presence to cater to serious cyclists, fitness-focused riders, and enthusiasts seeking dependable performance technology within established store networks.
Tata Group retail company Trent plans to accelerate store expansion in tier III and tier IV cities, betting on stronger consumption trends in emerging markets over the next few years. Speaking on the sidelines of the Retail Leadership Summit 2026, Managing Director P Venkatesalu said the company is opening more stores in smaller towns compared to previous years.
"We are opening a lot more in tier-III, tier-IV cities now, as opposed to what we used to do in the past. What we are seeing is, very clearly, the young customer in those markets is super clued onto what trends are playing out," he said.
Venkatesalu noted that urban demand has been gradually recovering following GST-related changes. However, he said small ticket discretionary categories may not see immediate long-term gains purely due to the tax transition.
He added that while consumers in smaller cities may not yet show the same level of maturity as metro markets, this could evolve over the next two to three years. "We do bet in a very significant way that the customer will be more interesting," he said.
According to him, macroeconomic conditions are expected to become more favourable in the coming years. Trent is applying a similar strategy to what it followed in metros five years ago, focusing on densification and expanding presence across micro markets.
"A substantial portion now, maybe about two-thirds of our stores that we are increasingly opening is in new towns, new cities, new micro-markets within the periphery of cities. So, clearly, new micro-markets is a focus area for us," Venkatesalu said.
He also observed that following GST changes implemented after September 21, there was a temporary shift in consumer spending towards higher ticket categories such as electronics and automobiles.
"But that said, over the medium term, we do think small-ticket discretionary will also benefit from the changeover," he said.
He explained that the initial focus on high ticket categories, which saw significant GST rate reductions, led to some diversion of spending away from smaller discretionary purchases. However, he believes the broader direction of GST reforms is beneficial for consumers and could support gradual improvement in consumption over the coming months and quarters.
Britannia Industries plans to step up investment to tackle regional competition and grow its e-commerce business, the company said on an investor call. Management said the push will target categories such as biscuits, rusk, cake, croissants, and wafers, where small local players have gained traction in pockets of the market.
Rakshit Hargave, Managing Director and Chief Executive Officer, said the company will move with a “startup mentality” to respond faster to local competitors and act with greater agility. “We are going to be fighting regional competition, we are going to be investing in e-commerce, yes, that will require more funds. We are committed to invest that. We believe that the opportunity for us to drive topline better is definitely there,” he said.
Hargave said driving topline growth is central to expanding Britannia’s consumer base across its portfolio, and the company will balance ambition with the resources required. He added that the firm will treat regional players as small, enterprising businesses rather than as national rivals, and will respond selectively in the pockets where those players have an edge.
On margins and input costs, Hargave noted an improvement after a period of inflation and delayed price hikes. “Now, with the commodity prices stable, you see that expansion of margins,” he said. He flagged February and March as critical months for wheat and said the company will monitor prices closely. He also commented on other inputs, saying “Laminate price is also very stable, and milk price is also slightly stable. How milk behaves going ahead in the future is what we have to see.”
Britannia said it will adopt a pragmatic approach to resource allocation and keep the option of acquisitions open to build a broader portfolio. “Everything cannot be built from organic. So that door is also open for us,” Hargave said, indicating the company will consider inorganic growth where it accelerates strategy.
Vipin Kataria, Chief Commercial Officer, described regional players as having strong local insights and innovative formats. “To counter them, we are building and increasing our investment in the brand,” he said, noting that Britannia aims to quickly adapt to the flavours and formats that are working in local markets and respond in targeted pockets.
The company identified the eastern cluster as particularly competitive but said similar pressures exist in other regions as well. Addressing these pockets is a strategic priority, with a mix of targeted marketing, product development, and channel investment expected to be deployed.
The management update signals a sharper focus on defending and growing market share in the face of rising local competition while accelerating investment in digital channels and being open to acquisition-led growth.
Reliance Consumer Products Ltd, an arm of Reliance Industries, has acquired Southern Health Foods, a Tamil Nadu-based health foods company that owns the brand Manna. The financial details of the transaction were not disclosed.
Southern Health Foods has been operating for over two decades and focuses on packaged health food products. Its portfolio includes millets, oats, multigrain products, health mixes, breakfast cereals, and dry fruits. Manna, the company’s flagship brand, is known for products such as millet flour, baby food, and multigrain drink mixes. The acquisition strengthens Reliance Consumer Products’ position in the health and staples category.
In a company statement, RCPL said, “The addition of Manna adds further strength to RCPL’s foods and staples portfolio, which includes brands like Udhaiyam, Independence, and SiL, through building a strong business vertical in the growing millet-based foods segment.”
T Krishnakumar, Director, RCPL said, “Manna is one of the most trusted names in the market for health-focused foods in Tamil Nadu with a noticeable presence in the adjoining states. It is known for healthy offers like millet-based staples and mixes, drinks, and baby food. Apart from adding muscle to RCPL’s packaged foods portfolio, Manna’s addition will help us serve consumers the best nutritious foods. With our strong distribution, research and development, and supply-chain capabilities, Manna would be made available in other geographies, eventually making it a household name across the country.”
With this acquisition, Reliance Consumer Products expands its presence in the millet-based and health foods segment. The company is expected to leverage its distribution and supply chain network to scale the Manna brand beyond southern markets.
Brainbees Solutions, the parent company of FirstCry, reported a wider net loss in the third quarter of FY26 even as revenue and operating performance improved year on year. The company posted a net loss of Rs 38.4 crore in Q3FY26, compared to Rs 14.7 crore in the same quarter last year.
Revenue for the quarter rose 11.6 percent year on year to Rs 2,423.6 crore, up from Rs 2,172.3 crore in the corresponding period. The company noted a sequential improvement in the year on year growth rate of its topline during the quarter, despite muted consumer sentiment.
Adjusted earnings before interest, taxes, depreciation, and amortisation increased 11.1 percent year on year to Rs 153.8 crore, compared to Rs 138.5 crore in Q3FY25.
According to the company’s investor presentation, growth and margins in the December quarter were impacted by heightened competitive intensity in the diaper category. Brainbees Solutions also faced supply chain volatility in select categories, which affected overall growth by 200 basis points during Q3FY26.
Despite the higher quarterly loss, the company stated that it remains profit after tax positive and free cash flow positive for the nine months of the current financial year.
In its international business, Brainbees Solutions experienced elevated promotional activity after two horizontal e-commerce players entered those markets in 2024. The company said it is focusing on sustainable growth and reduced adjusted Ebitda losses in the overseas segment by 25 percent year on year in the third quarter.
Looking ahead, Brainbees Solutions said it expects structurally stronger growth across both online and offline channels in FY27, supported by ongoing business initiatives.
Lenovo India reported a 7 percent increase in revenue to Rs 8,145 crore for the third quarter of FY26, supported by continued digitisation in India, faster adoption of artificial intelligence, and growth across its mobile, PC, and infrastructure businesses.
Shailendra Katyal, Vice President and Managing Director of Lenovo India, said the performance reflected sustained demand across segments.
"We are very encouraged by the broader digitisation momentum in India. Lenovo benefits from having a broad portfolio spanning phones, PCs, tablets, and infrastructure solutions. With rapid technology adoption, especially AI, we are seeing strong momentum across businesses," Katyal said in an interview.
Motorola was a key contributor during the quarter, securing an 8.3 percent market share in India in Q3 2025, according to IDC. Lenovo’s core PC division and its server and infrastructure business also recorded double digit year on year growth.
India has become an important market for the company, contributing around 4 percent of Lenovo’s global revenues and 24 percent of its total revenue in the Asia Pacific region, Katyal noted.
"Our role (in India) goes beyond revenue. India is increasingly central to manufacturing, R&D, capability building, and AI talent development. Government initiatives like the Production Linked Incentive (PLI) scheme and AI skilling programmes have further strengthened the ecosystem. So, India is both a revenue market and a capability hub within Lenovo's global strategy," Katyal said.
Lenovo has been manufacturing in India since 2005 and currently produces a large majority of the products it sells locally, including Motorola smartphones, PCs, servers, and tablets. The company is also exporting phones and tablets from its Indian facilities.
Looking ahead, Katyal said Lenovo is moving towards deeper component manufacturing in India.
"(Manufacturing motherboards and PCBs) is the logical next step and aligned with our PLI commitments. As suppliers build local capacity under the component PLI scheme, we will increase local sourcing wherever commercially viable," he said.
On artificial intelligence, Katyal pointed to a shift in the Indian market from early experimentation to a focus on measurable returns. Lenovo is advancing a Hybrid AI strategy that covers public cloud, private infrastructure, and AI-enabled personal devices.
To support this shift, Lenovo has expanded its research and development presence in India. Engineers based in the country are working on global server and smartphone programmes, and the company has filed over 600 patents in recent years. Headcount in India has increased five to six times over the past six years, particularly in engineering and AI roles. Lenovo currently employs about 3,400 people in India.
At the global level, Lenovo Group reported revenue of 22.2 billion dollars, up 18 percent year on year. Net income declined 21 percent to 546 million dollars.
Revenue linked to artificial intelligence grew 72 percent year on year and accounted for nearly one third of the Group’s total revenue in the quarter.
Lenovo’s Intelligent Devices Group recorded revenue of 15.8 billion dollars, up 14 percent year on year. The Infrastructure Solutions Group reported a 31 percent rise in revenue to 5.2 billion dollars, while the Solutions and Services Group posted an 18 percent increase to 2.7 billion dollars.
Reliance Consumer Products Limited, the FMCG arm of Reliance Industries Limited, has signed a definitive agreement to form a majority-owned joint venture with Tropical General Investments Group, a Nigeria-based conglomerate. The transaction is subject to customary legal and regulatory approvals.
The partnership marks RCPL’s entry into Nigeria, one of Africa’s largest consumer markets, and aligns with its international expansion plans. Established in 2022, RCPL has built a portfolio of FMCG brands in India and expanded into markets across the Middle East, South Asia, and parts of Africa.
T. Krishnakumar, Director, Reliance Consumer Products Limited said, “The joint venture with TGI Group will be a pivotal milestone in RCPL’s journey towards becoming a global FMCG player. Our mission is to establish RCPL as a leading global FMCG company from India and offer global quality products at affordable prices, and this will be instrumental in expanding RCPL’s market presence globally as we enter the crucial market of Nigeria. TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusiness will be invaluable as we scale our operations in the region.”
Rahul Savara, Group Managing Director, Tropical General Investments Group stated, “TGI Group is proud to partner with RCPL to drive growth across Nigeria and West Africa. By bringing together complementary strengths and world-class expertise across product development, manufacturing, marketing and distribution, this partnership is well positioned to deliver consistent quality and long-term value to consumers. Nigeria represents one of the most compelling growth markets globally, and TGI Group looks forward to building a strong and enduring growth platform alongside RCPL.”
Founded in 1980 and headquartered in Lagos, TGI Group operates across food, consumer goods, agribusiness, chemicals, pharmaceuticals, and distribution. Its portfolio in Nigeria includes brands such as Big Bull Rice, Terra Seasoning Cubes, Golden Terra Soya Oil, Renew Starch, and Supramult Multivitamins.
The joint venture is expected to combine RCPL’s brand-building capabilities with TGI Group’s manufacturing and distribution network in West Africa, strengthening both companies’ presence in the region’s consumer goods market.
Mars, Inc. has appointed Manish Syag as Managing Director of its Pet Nutrition business in India, strengthening its leadership team in one of its key growth markets. Syag will lead the India operations of Mars Pet Nutrition, which manages brands such as Pedigree, Whiskas and Sheba. He succeeds Salil Murthy, who has been elevated to Global Vice President, Enterprise Transformation, Mars Pet Nutrition, and will be based in London.
Syag brings over two decades of experience in the FMCG sector, having previously held senior sales leadership roles at Hindustan Unilever Limited and GSK Consumer Healthcare. He joined Mars in 2024 as Chief Sales Officer for India and has been part of the leadership team overseeing growth in the pet nutrition category.
Syag said, “India is at a defining moment for the pet food market, which is expected to grow into a USD 2 billion category in a decade, evolving much as mainstream FMCG did in its early growth years, driven by access, awareness, and trust. I am excited to take on this role and lead the next phase of growth for our business in India, serving pets and pet parents across the country with trusted, high-quality packaged pet food by further strengthening our portfolio of deeply loved brands and expanding our market presence. At the heart of this journey will be our Mars Five Principles, and our Purpose: ‘A Better World For Pets.’”
Murthy will now focus on leading Mars Pet Nutrition’s global transformation initiatives.
Murthy said, “I am excited to take on this new global role and help shape the future of Mars Pet Nutrition. This role offers an opportunity to focus on driving accelerated growth for the global Pet Nutrition business through unleashing the power of our associates across the world, strengthening our strategic resource allocation process and our digital and AI capabilities, and accelerating transformation to win with pet parents and our customers in every market.”
Francisco Fernandez, Regional President, Mars Pet Nutrition – Rapid Growth Markets said, “India is one of the most important growth markets for Mars Pet Nutrition. Salil’s elevation reflects the strong, purpose-led business he and the team have built in India and the depth of leadership talent emerging from this market. Manish’s appointment demonstrates our confidence in his expertise, leadership capability, and deep understanding of pet parents and customers in India. Together, these appointments reinforce our commitment to developing leaders from within and further strengthening India’s role in our global strategy and future growth of the business.”
Mars Pet Nutrition has operated in India since 2002, when it introduced Pedigree to the market. In 2007, the company established its first pet food manufacturing facility in the country. Today, it serves dog and cat owners nationwide through its portfolio of brands.
Kwality Wall’s (India) Limited has listed its equity shares on BSE Limited and National Stock Exchange of India Limited, marking its transition into an independent publicly traded company.
The listing follows the demerger of the ice cream business of Hindustan Unilever Limited into Kwality Wall’s (India) Limited. The demerger was approved by the National Company Law Tribunal, Mumbai Bench, and became effective on December 1, 2025. Under the approved scheme, shareholders of Hindustan Unilever Limited as of December 5, 2025, the record date, received one equity share of Kwality Wall’s (India) Limited for every one equity share held.
With the completion of the demerger and listing, Kwality Wall’s (India) Limited now operates as a standalone entity in India’s ice cream and frozen dessert market. The company has a 70-year presence in the category and manages brands such as Cornetto, Magnum, and Twister. It has a national footprint across more than 400 cities, serving over 200,000 outlets and operating more than 15,000 push carts.
On the listing, a company spokesperson said, “This listing marks a defining moment for Kwality Wall’s (India) Limited. As a standalone, publicly listed company, we will be able to have a sharper focus, a bolder and faster innovation approach, and more focus on the front line. We build the Kwality Walls ice cream business by providing access to driving and building desirable social first brands, and creating value for our customers, partners, and shareholders. With access to a strong portfolio of brands that are well recognized and combined with deep local market understanding, the Company is well positioned to strengthen the business by scaling the category and drive sustainable, long-term growth.”
Earlier, Unilever announced that a share purchase agreement was signed in June 2025 between the Unilever Shareholders and The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. for the acquisition of all shares in Kwality Wall’s (India) Limited held by the Unilever Shareholders, representing a controlling stake. The completion of this acquisition is expected after the company’s listing, subject to the terms of the agreement and applicable regulations.
Kwality Wall’s (India) Limited stated that operating independently will allow greater strategic focus and agility as it seeks to expand its position in India’s growing ice cream and frozen dessert category.
Sri Lanka’s franchise sector attracted international participation at the Sri Lanka Franchise Expo 2026, where more than a dozen global brands explored expansion opportunities in the country.
Held on February 14 at Marino Beach Hotel in Colombo, the event brought together international franchise principals, local entrepreneurs, and investors seeking established business models. The expo highlighted Sri Lanka’s positioning within South Asia’s franchise landscape, particularly as investors look for structured expansion formats in evolving markets.
A key development during the event was the signing of an agreement between Franglobal and Fat Crab, part of Don Stanley Holdings. The agreement outlines plans to expand into India, initially focusing on southern markets, with a target of up to 25 outlets across the country by 2028, followed by expansion into Southeast Asia and the Middle East.
The event was inaugurated by Sunil Handunneththi, Sri Lanka’s Minister of Industry and Entrepreneurship Development, along with Devika Lal, Counsellor and Head of the Economic and Commercial Wing at India’s High Commission.
Minister Handunneththi said, "We appreciate Franglobal bringing together brands, investors and industry leaders from Sri Lanka and India, especially at a time when our nation is strengthening its entrepreneurship and industrial development. Franchising is not merely a business model; it's a powerful vehicle for economic growth, innovation, employment generation, and SME development, including knowledge exchange and technology transfer. This event represents an exemplary opportunity to deepen the economic and commercial ties between our two countries."
Devika Lal added, "India and Sri Lanka share exceptionally strong economic fundamentals. India is Sri Lanka's largest trading partner, second-largest export market, leading source of tourism, and last year, fifty percent of Sri Lanka's FDI came directly from India. The SME sector forms the backbone of both our economies, creating livelihoods, generating employment, and driving growth. This is an excellent time for bilateral investment, and events like the Franchise Expo are crucial in connecting our business communities and strengthening commercial cooperation between our two nations."
The initiative was supported by six chambers and industry bodies, including the Indo Lanka Chamber of Commerce, Ceylon National Chamber of Industries, International Chamber of Commerce Sri Lanka, Colombo Chamber of Commerce, Federation of Chambers of Commerce and Industry of Sri Lanka and the Indian Small Business and Franchise Association.
Participating international brands represented sectors such as coffee retail, fitness, professional services, and quick service restaurants. These included Stellarossa, EasyGym, Coffeeshop Company, ActionCOACH, Blenz Coffee, and Figaro's Pizza, among others.
Gaurav Marya, Chairman of Franchise India Group said, "What distinguishes Sri Lanka isn't just recovery metrics—it's the caliber of entrepreneurs approaching franchise opportunities. These are business operators with capital discipline, international exposure, and clear scaling roadmaps. That combination is relatively rare in emerging markets."
Industry observers noted that Sri Lanka’s urban purchasing power, geographic proximity to India and Southeast Asia, intellectual property frameworks and tourism recovery are contributing to renewed franchisor interest.
The expo follows the Global Franchise Forum held in April 2025, which initiated dialogue between international brands and Sri Lankan stakeholders. Organisers indicated that the progression from discussions to formal agreements within ten months reflects growing momentum in the market.
UFlex Limited reported consolidated net revenue of Rs 36,329 million for the quarter ended December 31, 2025, reflecting a sequential recovery in profitability despite continued pricing pressures in the packaging films segment.
Normalized EBITDA for Q3 FY26 stood at Rs 4,395 million with a margin of 12.1 percent, compared to Rs 3,895 million and a margin of 10.1 percent in Q2 FY26, marking a 12.8 percent quarter-on-quarter improvement in normalized EBITDA and a 200 basis points expansion in margin. Net profit for the quarter was Rs 486 million.
For the nine months ended December 31, 2025, revenue increased 0.8 percent year on year to Rs 114,157 million, while sales volume rose 0.1 percent to 482,910 MT. The company reported a net profit of Rs 1,211 million compared to a net loss of Rs 262 million in the same period last year.
Packaging and Films Segment Update
In Q3 FY26, total sales volume stood at 151,245 MT, down 3.7 percent year on year and 6.2 percent quarter on quarter. Packaging films sales volume was 114,965 MT in Q3 FY26 versus 123,330 MT in Q3 FY25.
The packaging business, comprising flexible packaging, aseptic liquid packaging and holography, reported 7.6 percent year on year growth in Q3 to 36,280 MT. Aseptic liquid packaging volumes increased 2.3 percent year on year to 1.8 billion packs during the quarter.
The company indicated that tariff-related uncertainties and supply rerouting led to pricing pressure in packaging films. Consolidated packaging films production was 118,147 MT in Q3 FY26 compared to 129,169 MT in Q3 FY25, with capacity utilisation at 74.3 percent.
Capital Expenditure and Expansion Plans
During Q3 FY26, UFlex incurred capital expenditure of Rs 4,342 million. Key projects include:
- A greenfield aseptic liquid packaging facility in Egypt with an annual capacity of 12 billion carton packs and an estimated project cost of approximately $126 million.
- A woven polypropylene bag unit in Mexico with an annual capacity of 80 million bags.
- Recycling units in Noida with a capacity to produce 36,000 MTPA of recycled PET chips and 3,600 MTPA of recycled granules, with a total estimated capital outlay of Rs 3,171 million.
- A new 54,000 MTPA BOPP packaging films line in Dharwad, Karnataka, with a total project cost of Rs 7,154 million.
Management Commentary
Ashok Chaturvedi, Chairman and Managing Director, UFlex Group said, “The packaging industry remains on a strong growth path, supported by rising consumption, GST rationalisation, and an expanding organised retail sector, alongside a growing shift toward value-added and sustainable packaging solutions. Extended producer responsibility (EPR) regulations continue to play a key role in accelerating the industry’s transition toward sustainability across food, pharmaceuticals, FMCG, and consumer sectors.”
Anantshree Chaturvedi, Vice Chairman and CEO, Flex Films International said, “The outlook for the packaging industry remains strong. Recent trade frameworks are enhancing global supply chain efficiencies as tariff rationalization improves sourcing flexibility and competitiveness through 2026.”
Sumeet Kumar, Executive Vice President, Finance, UFlex Group said, “UFlex delivered a resilient performance in Q3 FY26, marked by a sequential recovery in profitability. Normalized EBITDA for the quarter stood at Rs 4,395 million with a margin of 12.1 percent, compared to Rs 3,895 million and a margin of 10.1 percent in Q2 FY26, reflecting a strong 12.8 percent QoQ growth in normalized EBITDA and a 200-basis points margin expansion.”
Debt Position and Sustainability
As of December 31, 2025, gross debt stood at Rs 94,546 million and net debt at Rs 81,810 million.
On the sustainability front, the company processed 493 million PCR PET bottles and 7,485 metric tons of MLP waste during 9M FY26, aligning with regulatory requirements around recycled content in packaging.
Summercool Home Appliances has entered the refrigerator segment, expanding its portfolio in the cooling appliances category. The move marks a diversification for the company, which has operated in the Indian home and kitchen appliances market for over three decades.
The new refrigerator range is available in 190 L, 210 L and 230 L capacities across multiple star rating models designed for energy efficiency. The company is offering up to 10 years warranty on the compressor, highlighting its focus on long-term performance and reliability.
The refrigerators are being manufactured at Summercool’s facilities in Uttar Pradesh as part of its domestic production strategy. The company stated that the products are designed for Indian households with an emphasis on affordability and durability.
The entire refrigerator range is currently available through offline retail stores. The company plans to make the products available online through its website and major e-commerce platforms including Amazon and Flipkart.
Ashutosh Gupta, Director of Sales and Marketing, Summercool Home Appliances said, "We are thrilled to expand our product portfolio with the launch of our refrigerator range in India. With this expansion, we’re aiming to become a reliable name in the refrigerator market, offering trusted and affordable cooling solutions. This expansion has been inspired by the continuous feedback and trust from our customers that encouraged us to expand our product line. Building on the faith, we will soon be introducing more models across different capacities and price points in the upcoming years to cater to the diverse needs of every Indian household."
Sanjeev Kumar Gupta, Managing Director, Summercool Home Appliances Ltd stated, "We are really excited to launch our new range of refrigerators officially. This is a major milestone for Summercool as we continue to diversify our product offerings to Indian households. Our team has worked hard to ensure these refrigerators reflect what today’s consumers need, i.e., reliability, comfort, and value. As an Indian company, we think it is our duty to provide solutions as per the present market needs. Our products are designed not just for today, but for a future that’s both consumer- and policy-conscious."
Summercool currently operates through a network of more than 500 direct distributors and has a presence across 10,000 to 12,000 retail outlets in Uttar Pradesh, Bihar, Bengal, Jharkhand, Nepal and select markets in Maharashtra and Hyderabad. The company plans to expand its refrigerator distribution to metro cities and Tier ll and Tier lll towns, supported by its after-sales service network.
Forever New has appointed Shifali Singh as Country Director for India, strengthening its leadership team as the brand expands its presence in one of its key global markets.
Singh brings more than two decades of experience across fashion, lifestyle and omnichannel retail. She has led large-scale retail expansion, brand repositioning initiatives, and digital integration projects throughout her career. An alumna of Harvard Business School’s Strategic Leadership Program, she is known for building high-performance teams and managing profit and loss responsibilities across complex retail environments.
Her experience includes market entry and scale-up strategies, localisation for Indian consumers and managing cross-functional teams during growth phases.
Before joining Forever New, Singh led the repositioning of Ritu Kumar under Reliance Brands, strengthening its presence in the luxury designer segment. At BIBA, she focused on omnichannel expansion with emphasis on e-commerce growth. She also co-founded and built more than 70 international brand partnerships at Myntra and Jabong, expanding their global brand portfolio. Earlier, she worked with Marks & Spencer and United Colors of Benetton India, contributing to retail operations across large-format store networks.
In her new role, Singh will focus on strengthening Forever New India’s omni-channel operations, deepening customer engagement, accelerating digital integration and maintaining the brand’s premium positioning in the Indian market.
As part of the leadership transition, Dhruv Bogra, who has served as Country Director since 2019, will continue as Advisor to the Board. The company stated that his experience and understanding of the business will support the next phase of growth.
Dhruv Bogra, Advisor to the Board, Forever New India said, “I am delighted to pass the baton of Forever New India to the experienced and proven hands of Shifali Singh. She has had an illustrious and outstanding track record of great leadership in the fashion space and is well poised to take Forever New to newer heights. I will miss my incredible and highly gifted colleagues who have charted the admirable course of the brand over the last seven years”.
Shifali Singh, Country Director – India, Forever New said, "My association with Forever New began as a customer, where I developed a deep appreciation for its refined aesthetic and elevated design philosophy. As I step into this leadership role, that connection deepens my commitment to the brand. Forever New holds a distinctive premium positioning in India, and my focus will be on building a future-ready, consumer-centric omni-channel business that seamlessly bridges retail and digital, while driving strategic, long-term growth."
The company said India remains a priority growth market as it continues to expand its omni-channel presence and strengthen its brand positioning across key cities.
Royaloak Furniture has expanded its business model with the launch of House of Interiors, a new vertical focused on providing integrated, end-to-end interior solutions. The first experience centre has opened at the company’s Banaswadi store in Bengaluru, with a phased rollout planned across select locations within its nationwide retail network.
The move marks a strategic shift for Royaloak, traditionally known for standalone furniture retail, as it positions itself within the broader home interiors market. The company aims to respond to rising consumer demand for cohesive design solutions, single-point accountability and streamlined execution in residential interiors.
The newly launched experience centre showcases complete, ready-to-live interior environments, allowing customers to visualise how kitchens, wardrobes, storage, furniture, finishes and appliances integrate into a unified design system. The format is intended to move consumers beyond product-based purchasing towards comprehensive design planning and execution.
House of Interiors caters to 2 and 3 BHK apartments, villas and hospitality projects, offering customised solutions across kitchens, bedrooms, living areas, wardrobes and built-in appliances. The vertical integrates modular solutions, design expertise, technology-enabled planning tools and execution oversight under a single platform.
“Furniture is only one part of how people experience their homes,” said Mr. Mathan Subramaniam, Managing Director, Royaloak Furniture. “House of Interiors is a natural extension of that belief. This vertical allows us to move from selling individual products to creating thoughtfully designed living environments. With our scale, sourcing strength, and retail footprint, we are well-positioned to offer integrated interior solutions that combine global design with the realities of Indian homes.”
The brand has introduced room-set formats to enhance the experiential aspect of the new offering, enabling customers to explore fully designed spaces rather than browsing individual pieces.
“Indian homeowners today are looking for clarity, coordination, and confidence when it comes to interiors,” added Mr. Vijai Subramaniam, Chairman, Royaloak Furniture. “House of Interiors is designed to simplify that journey, bringing together design, planning, and execution within a trusted ecosystem. It reinforces our commitment to making global design accessible, not just affordable.”
Drawing on its global sourcing network, Royaloak says the new vertical integrates European, American and Asian design influences while adapting them to Indian living conditions. The portfolio includes modular kitchen layouts such as L-shaped, U-shaped, island, peninsula and parallel formats, along with wardrobes, walk-in closets, TV units, bookshelves, crockery units, puja units and integrated appliances including ovens, hobs, dishwashers, coffee machines and refrigerators. Granite and quartz countertops are also part of the offering.
With more than 200 stores across India and a strong franchise-led expansion model, Royaloak’s entry into the interior solutions segment reflects a broader industry trend where organised furniture retailers are moving up the value chain to offer complete home transformation services.
The Banaswadi outlet will serve as the first experiential hub for House of Interiors, with additional rollouts planned in phases across the company’s retail network.
Independence Brewing Company (IBC) has introduced a limited-edition Strawberry Milkshake IPA titled Kiss & Tell as part of its Valentine’s week offerings. The seasonal brew will be available across all IBC outlets from February 7 to February 14, 2026.
The launch aligns with the growing trend of flavour-led craft beers in India, as breweries experiment with fruit-forward and dessert-inspired styles to attract evolving urban consumers. With Kiss & Tell, IBC aims to tap into occasion-based consumption, positioning the beer as a social and experiential offering during Valentine’s celebrations.
Described as a Strawberry Milkshake IPA — a sub-style that evolved from the New England IPA — the beer draws inspiration from modern US craft brewing techniques, where fruit, lactose and texture are used to create fuller-bodied, expressive variants. The style blends the hazy, hop-forward character of a New England IPA with creamy textures and fruit notes.
Light straw to amber in colour, the brew opens with strawberry aromas layered with tropical hop notes. On the palate, it offers a smooth, creamy body with juicy fruit flavours, low bitterness and a rounded finish. With an alcohol content ranging between 6.0% and 7.5%, the beer aims to balance indulgence with drinkability.
“Kiss & Tell is a beer we had a lot of fun creating,” says Anirudh Khanna, Managing Director, Independence Brewing Company. “It’s indulgent without being heavy, playful without trying too hard, and designed for moments when you want to slow down and enjoy what’s in your glass. With drinkers becoming more open to flavour-led styles, this felt like the right time to bring something a little bolder and more expressive to the table.”
The beer will be served in 330 ml Cervoise glasses and 500 ml Nonic pints across IBC taprooms. The brewery, which operates outlets in Mumbai and Pune, has built its brand around small-batch, flavour-forward craft beers and a strong taproom culture.
With this limited-edition launch, Independence Brewing Company continues to expand its portfolio of seasonal and experimental brews, reflecting the broader shift in India’s craft beer segment towards innovation, occasion-led offerings and premium in-tap experiences.
PMJ Jewels has introduced a curated Valentine’s gifting guide as part of its latest Valentine’s Collection, positioning the range as a blend of timeless craftsmanship and contemporary sentiment. The launch comes as the brand looks to tap into occasion-led buying while encouraging customers to invest in jewellery designed for long-term wear.
The collection features close to 50 designs across pendants, rings, earrings and bracelets. Crafted in 18KT rose and yellow gold, the pieces are set with diamonds and accented with pink and red colour stones, including ruby heart motifs. The design language leans towards refined silhouettes that balance romantic symbolism with everyday versatility.
Among the highlights is the Eternal Heart Earring, created in 18KT rose gold and set with 52 diamonds weighing a total of 0.29 carats. Designed in a drop silhouette, the piece features diamond detailing and pink/red colour stones at its centre, offering a subtle yet expressive statement.
Another key piece is the Infinity Heart Chain, also crafted in 18KT rose gold. The design incorporates an infinity motif accented with full diamonds, complemented by a suspended heart-shaped pink/red stone, reflecting the theme of enduring connection.
The Soul Band Ring, made in 18KT yellow gold, features diamond accents and pink colour stones. Positioned as a softer interpretation of romantic jewellery, the band-style design is intended to symbolise constancy and everyday commitment.
Commenting on the collection, Mr. Dinesh Kankaria, Managing Director, PMJ Jewels, said, “‘Love Shines Through’ reflects our belief that jewellery should carry emotion in its design. Crafted in 18KT gold with diamonds and coloured stones, each piece in this Valentine’s Collection is created to celebrate meaningful moments.”
He further added, “We’ve focused on designs that feel personal, pieces that quietly express affection, commitment and warmth. The intention was to create jewellery that feels intimate and considered, something that becomes part of everyday life while still holding the significance of the moment it was gifted.”
Each design in the Valentine’s Collection is priced under Rs 70,000, positioning the range within the accessible luxury segment. With a focus on everyday wearability, PMJ Jewels aims to move beyond occasion-only gifting and encourage consumers to view fine jewellery as both an emotional and long-term investment.
Brandman Retail Limited, an India-focused distributor and retailer of international sports and lifestyle brands, has marked a significant milestone in its corporate journey with its recent listing. The development signals the company’s transition into a more structured and scaled retail platform, strengthening its position within India’s expanding sports and sneaker market.
The company has steadily built its presence in the footwear and sportswear segment through a combination of Exclusive Brand Outlets (EBOs) and Multi-Brand Outlets (MBOs). At present, Brandman Retail operates 21 stores across the country. This includes the recent launch of Sneakrz outlets in Mohali and Greater Noida, moves that further consolidate its footprint in key urban centres.
Commenting on the development, Mr. Arun Malhotra, Founder and Director, Brandman Retail, said, “Our listing is a defining milestone in Brandman Retail’s journey. It represents the trust of our partners, brands, and consumers, and strengthens our foundation for long-term growth. We have focused on building strong retail formats and brand partnerships, and this milestone positions us well for the next phase of expansion. We remain committed to delivering immersive retail experiences that connect Indian consumers with the world’s leading sports and lifestyle brands.”
As part of its next phase of growth, the company plans to open more than 50 additional stores during the current financial year. The expansion is expected to focus on high-potential markets across East, West and South India, aligning with its long-term objective of creating a future-ready retail network for global brands seeking to scale operations in India.
Sneakrz, the company’s multi-brand retail format, showcases a curated portfolio of international performance and lifestyle brands, including New Balance, Saucony, Anta, Wilson, Salomon and Rockport, among others. The format is designed to deliver experience-led retail environments that bring globally recognised sports and lifestyle labels closer to Indian consumers.
With its listing, Brandman Retail is positioning itself not only as a retailer but also as a strategic growth partner for international brands aiming to tap into India’s evolving sports and sneaker culture.
Pacific Mall in Tagore Garden has reintroduced its refurbished six-screen PVR Cinemas as part of a joint upgrade initiative aimed at strengthening its entertainment-led retail positioning in West Delhi. Spread over 49,284 sq ft, the revamped multiplex houses a total of 1,014 seats.
The redevelopment reflects a broader push by mall developers to enhance experiential formats in response to changing consumer expectations. The upgraded cinema features advanced projection systems, immersive sound technologies, improved seating comfort and reworked layouts. Refurbished foyer areas have also been introduced to streamline visitor movement and increase dwell time within the property.
Ticket prices at the relaunched multiplex range between Rs 149 and Rs 1,500, depending on screen format, seating category, show timings and movie releases. The pricing structure is designed to cater to a wide spectrum of audiences, combining accessible entry-level tickets with premium viewing experiences.
Beyond screen and seating upgrades, the multiplex now offers an expanded food and beverage portfolio. The move is expected to drive higher per-visitor spends and align with evolving consumer preferences for premium cinema experiences.
Commenting on the development, Mr. Abhishek Bansal, Managing Director, Pacific Group, said, “Entertainment anchors play a critical role in shaping mall performance and consumer engagement. The re-launch of PVR Cinemas at our Pacific Mall, Tagore Garden is part of our ongoing effort to strengthen the mall’s experiential offerings, drive footfalls, and create long-term value for both consumers and retail partners.”
Located in one of West Delhi’s established retail hubs, Pacific Mall draws significant footfall from nearby residential and commercial catchments. The upgraded multiplex is expected to further reinforce the mall’s positioning as a lifestyle and entertainment destination while supporting tenant performance through increased repeat visits and longer consumer engagement.
The initiative underscores the collaborative approach between Pacific Mall and PVR in continuously upgrading entertainment infrastructure as part of the evolving urban retail landscape.
Abhi Eggs, the nutri-enriched egg brand from Abhi Foods, has set a revenue target of Rs 100 crore for FY26, nearly doubling its year-on-year turnover. The growth ambition follows the company’s FY25 performance, where it closed the year at Rs 47.47 crore.
The company attributes its expansion plans to increased production capacity, supply chain strengthening and portfolio diversification. Founded on the idea of offering nutrition-focused eggs, the concept was initiated in 2018 by Mr. G. Satyanarayana Reddy, Founder of Abhi Eggs, with the aim of providing healthier eggs for his grandson. The brand was formally launched in November 2020 and has since benefited from rising consumer interest in clean-label and functional food products.
Abhi Eggs operates a fully controlled, antibiotic-free farming model, producing eggs in-house at its poultry farms in Ravulapalem, Andhra Pradesh. The company emphasises preventive bird health management, vegetarian feed and nutrient fortification to maintain quality and consistency. It also undertakes regular testing through NABL-accredited laboratories as part of its quality assurance framework.
Commenting on the growth plans, Mr. S. V. V. Dora Reddy, Co-founder, Abhi Eggs, said, “What started as a small family effort to provide better nutrition to the next generation has grown into a purpose-driven brand focused on everyday health. Having closed FY25 at Rs 47.47 crore, we are confident of crossing Rs 100 crore in FY26, driven by scale, portfolio expansion, and wider market reach. Looking ahead, we are actively exploring export opportunities in the Middle East and Southeast Asia, where there is growing demand for clean, nutritionally enriched food products. Our focus remains on scaling responsibly while maintaining complete control over quality, farming practices, and nutrition.”
The company currently operates at a daily production capacity of 18–20 lakh eggs. Its portfolio includes what it describes as India’s first D.O.S.E egg, along with Vitamin D3, Nutri+ and Gold+ variants. Abhi Eggs has built a pan-India presence across 50 cities in 17 states and three union territories, distributing through modern trade, quick-commerce platforms, e-commerce channels and regional retail chains.
With rising demand for functional and fortified food products, the brand’s next phase of growth is expected to focus on geographic expansion, export markets and strengthening its distribution network while retaining control over farming and production standards.
LOOKS Salon has expanded its Mumbai footprint with the launch of a new outlet in Oshiwara, as part of its ongoing pan-India growth strategy. The opening comes at a significant moment for the brand, with 2026 marking a milestone year as it reaches 250 salons across 55 cities in the country.
Located in Oshiwara, the new salon strengthens LOOKS Salon’s presence in Mumbai, a market the company continues to prioritise. The launch is not about entering a new geography but reinforcing its long-term commitment to the city’s evolving and premium-focused consumer base. Over the past three years, the brand has steadily scaled its network in Mumbai, positioning itself as a key player in the organised salon segment.
The newly opened outlet spans around 1,500 sq. ft. and houses eight styling stations, two dedicated barbering stations and four wash stations. Designed around a modern luxury concept, the salon features warm interiors, soft lighting and a wellness-oriented layout aimed at delivering a more immersive and personalised guest experience.
Among the key highlights are dedicated Kérastase ritual private zones, specialised barbering areas, curated nail and grooming spaces, and integrated device-led skin treatment zones. The Oshiwara outlet also introduces advanced device-led skincare rituals, making it one of the select LOOKS Salon locations to offer these specialised treatments.
The salon’s service model places strong emphasis on personalised consultations, senior-level expertise and advanced treatment offerings. Staffed by senior stylists trained by LOOKS Salon in collaboration with global professional brands such as L’Oréal and Dermalogica, the outlet aims to maintain consistent service standards across its expanding network. The brand also partners with leading names including L’Oréal Professionnel, Kérastase, Redken and Dermalogica.
To commemorate the launch, the Oshiwara salon will roll out curated opening privileges and introductory experiences for guests.
Speaking on the launch, Samir Srivastav, CEO, LOOKS Salon, said, “Oshiwara reflects how LOOKS Salon is evolving more experience-led, more personalised, and deeply focused on expertise. Mumbai continues to be a key market for us, and this new opening — our ninth in the city in the last three years represents our commitment to steadily building the LOOKS Salon legacy of excellence in Mumbai.”
With the addition of the Oshiwara outlet, LOOKS Salon continues to deepen its presence in high-growth urban markets while focusing on experiential formats and premium service offerings as part of its long-term expansion roadmap.
DAIMANTÉ, a new-age jewellery brand from Caratix Jovella Pvt Ltd, has entered the Indian luxury jewellery market with a clear point of view: the future of diamonds lies at the intersection of technology, ethics, and design. Positioned as an AI-led, green luxury brand, DAIMANTÉ combines artificial intelligence–assisted design with traditional craftsmanship to create jewellery that reflects modern values without losing emotional depth.
At DAIMANTÉ, every design begins with AI-generated forms inspired by nature, geometry, and energy. These concepts are then interpreted, refined, and handcrafted by skilled Indian artisans, ensuring that technology enhances creativity rather than replacing the human touch. The result is jewellery that is contemporary in form, meaningful in intent, and rooted in craftsmanship.
Conceptualised and manufactured entirely in India, DAIMANTÉ aligns with the Make in India vision while addressing the growing global demand for ethical, sustainable luxury. From design and diamond cultivation to gold sourcing and finishing, the brand’s operations remain fully domestic, reinforcing India’s position as a global jewellery manufacturing and innovation hub.
The brand debuts with Talisman, a pendant-led collection that draws inspiration from ancient symbols associated with protection, strength, and transformation. Reimagined for modern wearers, each piece is designed to carry personal meaning rather than serve as an ornament alone. The collection is crafted in 14–18K gold and set with IGI-certified laboratory-grown diamonds reflecting DAIMANTÉ's commitment to responsible luxury. The Talisman collection is priced starting from Rs 30,000, making conscious, design-led diamond jewellery accessible to a new generation of luxury consumers.
At the heart of the brand is the use of laboratory-grown Type II-A diamonds produced through the CVD process. These diamonds possess the same atomic structure, brilliance, and durability as mined diamonds, without the environmental and ethical costs associated with traditional mining. By eliminating extraction, DAIMANTÉ significantly reduces land disruption and environmental degradation, while ensuring full transparency and traceability.
Sunny Kumar Singh, Founder and CEO, DAIMANTÉ said, “Technology should expand imagination, not erase human skill. AI allows us to explore forms and ideas that would be difficult to visualise otherwise, but the soul of each piece still comes from the artisan’s hand. For us, the future of diamonds is not about mining deeper, but about shaping a smarter, cleaner, and more conscious era of luxury.”
At DAIMANTÉ, all diamonds are laboratory-grown, paired with gold and eco-conscious packaging. Each piece is certified by IGI/SGL, carries BIS Hallmarking, and is backed by easy exchange and buyback assurances.
Currently operating as a digital-first brand. DAIMANTÉ retails through its online platform and is very soon preparing to open its first physical store in Pune. This will be followed by a phased retail expansion across key Indian markets. The brand also maintains a presence in the United States, reflecting its ambition to position Indian-designed, responsibly crafted jewellery on the global stage.
More than a jewellery label, DAIMANTÉ is building a new language of luxury-one that values intelligence over excess, ethics over extraction, and meaning over mere sparkle.
Austrian furniture fittings brand Blum has expanded its presence in India by opening a new Experience Centre in Ulhasnagar, one of Maharashtra’s biggest furniture markets.The move signals the brand’s focus on bridging the quality gap in hardware solutions, especially in a market where homeowners often struggle with drawers that jam and cabinet shutters that lose alignment within months of installation.
Known globally for its premium furniture fittings, Blum India has partnered with Mahalaxmi Kitchen World to introduce a hands-on retail and professional engagement space in the city. Unlike conventional showrooms that restrict interaction to product displays, the new centre encourages visitors to test and experience the hardware systems before making purchase decisions. The initiative is aimed at architects, modular kitchen designers, and homeowners seeking durable and performance-driven fittings for their projects.
The Experience Centre showcases Blum’s key product systems, including LEGRABOX, TANDEMBOX antaro, and AVENTOS HK top. LEGRABOX features a slim, straight-lined drawer design that blends aesthetics with structural strength, making it a preferred choice for premium modular kitchens. TANDEMBOX antaro is engineered for wooden drawers and is designed to manage heavy storage loads while ensuring smooth operation. Meanwhile, AVENTOS HK top offers a lift system for wall cabinets that enables effortless opening and closing, even for heavier shutters.
Commenting on the launch, Mr. Sameer Waingankar, Sales Director, Blum India, said: "The conversation in the furniture industry is changing. Homeowners and professionals are no longer just looking at a price tag; they are looking for a lifetime of performance. Our goal with this centre is to support every modular kitchen designer to ensure their projects meet global standards, and we want to thank our partners at Mahalaxmi Kitchen World for joining us in this journey."
Mr. Jai R Tuniya, Owner of Mahalaxmi Kitchen World, Blum Experience Centre, added: "Working with Blum India is really about bringing that hands-on experience to our own neighborhood. You can finally stop relying on just catalogs to find a high-quality modular kitchen near me. We want architects and homeowners to actually feel how these hinges and drawers work before they decide. If you’re a modular kitchen maker near me or just someone looking for a Blum store near me, it’s all right here in Ulhasnagar to test firsthand."
With Ulhasnagar serving as a key furniture sourcing hub for buyers across Mumbai and nearby regions, the launch positions Blum closer to both trade partners and end consumers. By focusing on experiential retail and performance-led fittings, the company aims to raise expectations around hardware quality in modular kitchens and home interiors.
Hindustan Unilever Limited (HUL) has acquired the remaining 49 percent stake in plant-based nutrition brand OZiva through Zywie Ventures Private Limited for a total consideration of Rs 824 crore. With this transaction, OZiva becomes a wholly owned subsidiary of HUL.
The acquisition significantly uplifts OZiva’s valuation. In December 2022, HUL had purchased a 51 percent stake in the company for Rs 264.28 crore in cash, valuing the business at approximately Rs 518 crore at the time. The latest deal pegs OZiva’s valuation at nearly Rs 1,682 crore, marking more than a threefold increase in just over three years.
Founded in 2019, the direct-to-consumer brand focuses on plant-based nutrition products spanning health, skincare, haircare, and overall wellness categories. Before HUL’s initial investment, OZiva had secured close to $17 million in funding from investors including Matrix Partners, Eight Roads Ventures, and Stride Ventures.
The company has also demonstrated strong operational momentum. Revenue from operations surged 148 percent year-on-year to Rs 258 crore in FY25, compared to Rs 104 crore in FY24. At the same time, losses narrowed sharply by 90 percent to Rs 4.5 crore in FY25 from Rs 43.5 crore in the previous fiscal year.
The transaction comes amid heightened consolidation in India’s direct-to-consumer (D2C) segment. Recently, USV acquired a 79 percent stake in Wellbeing Nutrition. Earlier this month, Marico purchased a 60 percent stake in plant-based protein startup Cosmix at an equity valuation of Rs 375 crore. The broader consolidation trend follows last year’s acquisition of skincare brand Minimalist by HUL at a pre-money valuation of Rs 2,955 crore.
LG Electronics India Ltd reported a 61.58 percent year-on-year decline in net profit to Rs 89.67 crore for the December quarter of FY26, according to its regulatory filing. Revenue from operations remained largely stable at Rs 4,114.4 crore during the quarter, compared with Rs 4,395.53 crore in the corresponding period last year. Total expenses stood at Rs 4,038.36 crore in Q3 FY26, down 2.77 percent year-on-year.
This marks the company’s second quarterly result since its listing in October last year. LG Electronics India is part of South Korean parent LG Electronics Inc.
Revenue from the home appliance and air solutions segment declined 9.8 percent to Rs 2,788.09 crore during the quarter, compared with Rs 3,090.90 crore a year earlier. The company said the fall was due to softening demand after the Diwali season. The segment includes products such as air conditioners, refrigerators, microwave ovens, washing machines, dishwashers, HVAC systems, water purifiers and air purifiers.
The home entertainment segment recorded marginal growth of 1.6 percent year-on-year in Q3 FY26. This business includes televisions, projectors, monitors, audiovisual products and personal computers. The company said that a reduction in GST rates provided an initial uplift, helping maintain revenue levels broadly in line with the previous year.
Total consolidated income, which includes other income, declined 6.35 percent to Rs 4,190.04 crore in the December quarter.
Looking ahead to Q4 FY26, LG Electronics India said it will follow a two-track strategy focused on expanding its premium product portfolio while strengthening its overall lineup through new product launches across categories.
The Coca-Cola Company reported a decline in revenue and profit in the Asia Pacific region, which includes India, during the fourth quarter of 2025. Despite the weaker performance, company leadership said India remains a key long-term growth market and that investments will continue alongside its bottling partners.
Net operating revenue in the Asia Pacific market fell 7 percent to $1.13 billion during the quarter. Speaking during the investors’ call, CEO-Elect Henrique Braun said the company gained market share and maintained flat volumes, even as revenue and profit declined.
Braun said India remains an important contributor to future volume growth and added that the company expects business momentum to improve over time. The company noted that seasonality factors such as weather conditions, including rainfall, impacted beverage demand in India during the period. India currently stands as Coca-Cola’s fifth-largest market globally.
James Quincey, Chairman and CEO said, "India is a long-term contributor of volume growth, but that needs to be built back, and we would expect that to ramp up during the year. Similarly, China was a little weaker in the fourth quarter than it had been during the year, and we are looking to see that build back up through the year."
Braun, who will take over as CEO on March 31, 2026, said the company will continue to invest in India despite short-term challenges. He said, "With India, we had last year different impacts from industry dynamics, weather. It was a market that we continue to invest also ahead of the curve, and we believe that we can get back on track in 2026."
He added that India remains a long-term growth market and highlighted the scale of investments made in expanding production and infrastructure. According to Braun, Coca-Cola will continue investing as it builds the market over time.
The company is also strengthening digital engagement with retailers through technology and data-led tools. Braun said Coca-Cola has developed a self-ordering platform called Coke Buddy to support retailers, while also using digital ordering systems and AI to improve product selection and distribution efficiency.
He noted that the company currently reaches only about one fourth of its potential outlet base in India and sees significant room for expansion through digital platforms that connect consumers, retailers and transactions.
In its fourth-quarter earnings release, Coca-Cola said unit case volume for company-owned bottling investments declined 6 percent, largely due to lower performance in India and the impact of refranchising bottling operations.
While Asia Pacific results were weaker during the quarter, the company indicated that India remains central to its long-term expansion plans, with continued investment expected in market development and digital capabilities.
Hindustan Unilever Ltd reported a two-fold increase in consolidated net profit to Rs 6,603 crore in the December quarter of FY26 on a year-on-year basis. The rise was largely driven by a one-time positive impact from the demerger of its ice cream business. During the quarter, the company demerged its ice cream business into Kwality Wall's (India) Ltd. HUL also reported an exceptional loss of Rs 576 crore linked to the implementation of new Labour Codes, according to its regulatory filing.
The company said, "Reported Profit After Tax at Rs 6,603 crore grew by 121 percent year-on-year, primarily driven by one-off positive impact arising from the Ice Cream demerger, accounted for in accordance with the approved scheme of demerger and applicable accounting standards. Excluding exceptional items, Profit After Tax at Rs 2,562 crore grew by 1 percent."
Profit before exceptional items and tax stood at Rs 3,495 crore during the quarter. Revenue from the sale of products increased 5.71 percent to Rs 16,197 crore, compared with Rs 15,322 crore in the same period last year. The company reported 4 percent Underlying Volume Growth during the quarter.
Total expenses rose 6.37 percent to Rs 13,078 crore, while total income, including other revenue, grew 5.01 percent to Rs 16,580 crore.
Priya Nair, Chief Executive Officer and Managing Director said, "During the quarter, demand trends reflected early signs of recovery, underpinned by supportive policy measures. Against this backdrop, we delivered a competitive performance, with 6 percent revenue growth and 4 percent Underlying Volume Growth."
In the Home Care segment, revenue rose 2.57 percent to Rs 5,887 crore, supported by mid-single digit volume growth. The company said Fabric Wash delivered mid-single digit growth, while the liquids portfolio grew in double digits. Household Care also continued to see double-digit volume growth, led by Vim liquid.
The Beauty and Wellbeing segment recorded revenue growth of 10.5 percent to Rs 3,930 crore. Hair Care posted double-digit volume-led growth, supported by premium brands including Dove and TRESemmé. Skin Care and Colour Cosmetics saw strong performance in seasonal categories, while growth in Channels of the Future remained strong.
Revenue from the Personal Care segment rose 5.66 percent to Rs 2,370 crore. The company said its bodywash portfolio continued to outperform and oral care delivered double-digit growth led by Closeup.
In the Foods segment, revenue increased 5.91 percent to Rs 3,689 crore. Tea reported mid-single digit volume growth, while coffee maintained double-digit growth supported by both pricing and volumes. Lifestyle Nutrition also grew in high-single digits, supported by Boost and Horlicks. Packaged Foods posted high-single digit growth led by volumes across categories including ketchup, mayonnaise and soups.
Revenue from the company’s other segment, which includes exports, rose 5.6 percent to Rs 565 crore during the quarter. The board also approved the sale and divestment of its stake in Nutritionalab, subject to customary closing conditions.
Patanjali Foods Limited reported a 60.0 percent rise in consolidated net profit to Rs 593.44 crore in the third quarter of FY26, compared with the same period last year. Net sales increased 16.5 percent year-on-year to Rs 10,483.71 crore. The company’s FMCG segment, which includes food, home and personal care products, recorded combined sales of Rs 3,248.35 crore in Q3 FY26, marking a 38.93 percent year-on-year increase.
Revenue from operations in the edible oil segment stood at Rs 7,335.71 crore, reflecting a growth of 8.98 percent year-on-year. The wind turbine power generation segment generated revenue of Rs 4.27 crore during the quarter, representing a 30.5 percent decrease compared to the same period last year.
Profit before tax for Q3 FY26 was Rs 364.23 crore, down 25.8 percent from Rs 491.20 crore in Q3 FY25. During the quarter, the company wrote back taxes worth Rs 183.17 crore. Tax outgo for the corresponding period last year was Rs 133.01 crore.
The company stated that rural demand continued to grow faster than urban demand for the seventh consecutive quarter in the December period. In November, urban FMCG value growth stood at 2.5 percent, while rural growth was 5.7 percent. In October, urban growth rebounded to 6.3 percent compared with rural growth of 7.1 percent.
Sanjeev Asthana, Chief Executive Officer said, "Driven by disciplined execution of our business strategies over recent quarters, the company achieved its strongest financial performance to date across multiple metrics, even amid a dynamic operating environment. Revenues for both the quarter and the nine-month period reached record highs. The December quarter proved to be a milestone for our FMCG segment, and we are committed to enhancing operational efficiency and fostering long-term consumption growth. In the edible oil side, the prices in mark to market dropped which have now in turn stabilized."
Patanjali Foods operates across edible oils, FMCG products and wind power generation, with brands including Patanjali, Ruchi Gold, Nutrela, Dant Kanti, Mahakosh and Sunrich.
Honasa Consumer Ltd, the parent company of brands such as Mamaearth and The Derma Co, reported a 92.9 percent increase in consolidated net profit at Rs 50.2 crore for the December quarter of FY26.
Revenue from operations rose 16.23 percent year-on-year to Rs 601.54 crore in the third quarter, compared with Rs 517.51 crore in the corresponding period last year. The company stated that this was its highest-ever quarterly revenue.
Total expenses during the quarter stood at Rs 550.31 crore, up 8.47 percent year-on-year. The company said its focus categories recorded growth of over 25 percent, supported by steady consumer demand.
In its earnings statement, the company said, "Mamaearth returned to double-digit growth during the quarter, supported by product superiority and sharpened investment, resulting in market share gains and traction in focus categories."
Total income, which includes other income, increased 15.9 percent year-on-year to Rs 622.21 crore in the December quarter.
Varun Alagh, Chairman, CEO and Co-Founder said, "We remain committed to building scale through disciplined execution and long-term value creation. Our flagship and largest brand, Mamaearth, is back to double-digit growth, driven by product superiority and sharper investments."
The company added that The Derma Co continued to expand with a healthy double-digit EBITDA profile and rising consumer demand, while its younger brands recorded growth of over 25 percent, driven by adoption in focus segments.
It further said, "As we move ahead, we remain focused on strengthening our margin profile, improving capital efficiency, and building a structurally stronger business that can compound growth sustainably over the long term."
Lenskart Solutions Ltd reported a significant rise in earnings for the third quarter of FY26, with consolidated net profit increasing over 70 times year-on-year to Rs 131 crore, compared with Rs 1.85 crore in the same period last year. Revenue from operations grew 38.3 percent year-on-year to Rs 2,307.7 crore in Q3 FY26, up from Rs 1,668.8 crore a year earlier. The growth was driven by continued expansion across its eyewear retail network and online platforms.
During the quarter, the company reported an exceptional loss of Rs 5.3 crore. This was entirely due to expenses related to the fresh issue of shares through its IPO, amounting to Rs 5.3 crore. Total expenses for the Gurugram-based company increased 28 percent to Rs 2,162.6 crore in the quarter ended December, compared with Rs 1,690.4 crore in the year-ago period and Rs 1,980.3 crore in the previous quarter.
Earnings before interest, taxes, depreciation and amortisation grew 1.9 times, with margins expanding from 14.5 percent to 20.0 percent year-on-year in Q3. The company attributed this to operating leverage and improving unit economics as scale increased.
Lenskart conducted 6.3 million eye tests during the quarter, marking a 54 percent year-on-year increase. Eye tests in India rose over 60 percent year-on-year to 5.5 million, with 49 percent of these being first eye exams. The company added 195 net new stores in Q3 FY26, compared to 81 in the year-ago period. This included 169 stores in India and 26 in international markets.
In a letter to shareholders, CEO Peeyush Bansal said, "Every incremental rupee and dollar we earn, a larger share flows to EBITDA. In Q2, we said we are entering a compounding phase. Q3 validates that decisively. Revenue grew 37.4 percent YoY. EBITDA grew 90.6 percent, more than twice the rate of revenue, with margins expanding from 14.5 percent to 20.0 percent. PAT tripled YoY. This is not cost-cutting. This is structural operating leverage."
Bombay Dyeing & Manufacturing Co Ltd on Wednesday reported a consolidated net loss of Rs 9.85 crore for the December quarter of FY26, as revenue declined sharply amid continued headwinds across its business segments.
The company’s revenue from operations fell 21.88 per cent year-on-year to Rs 324.02 crore in the December quarter, compared to Rs 414.81 crore in the corresponding quarter of the previous fiscal. The decline reflects lower performance across key segments, particularly polyester, which remains the company’s primary revenue contributor.
Total income, including other income, dropped 22.7 per cent to Rs 350.62 crore during the quarter under review, indicating overall pressure on the company’s earnings profile.
On the expenditure front, total expenses stood at Rs 362.43 crore in the December quarter, marking a decline of 11.7 percent compared to the year-ago period. Despite the reduction in expenses, the sharper fall in revenue impacted the company’s bottom line, resulting in the reported quarterly loss.
Breaking down segment performance, revenue from the polyester division came in at Rs 305.93 crore, significantly lower than the Rs 395.99 crore recorded in the same quarter last year. The retail and textile business contributed Rs 14.83 crore during the quarter, forming a smaller portion of the company’s consolidated revenue mix.
The results highlight the ongoing challenges faced by textile and polyester manufacturers amid fluctuating demand conditions and pricing pressures. Market participants will closely watch the company’s performance in the coming quarters for signs of recovery in core segments.
Following the announcement of its quarterly earnings, shares of Bombay Dyeing & Manufacturing Company Ltd settled at Rs 123.10 apiece on the BSE on Wednesday, down 1.24 percent from the previous close.
Vishal Fabrics, part of the Chiripal Group, reported consolidated total income of Rs 424.16 crore for the quarter ended December 31, 2025 (Q3 FY26), reflecting a 5 percent year-on-year increase from ₹404.15 crore in the same quarter last year. The company’s Profit After Tax (PAT) stood at Rs 7.78 crore, marking a marginal rise of 1.3 percent compared to Rs 7.68 crore in Q3 FY25.
The performance indicates steady revenue growth during the quarter, supported by continued demand and operational execution. While profit growth remained modest, the company maintained stability amid ongoing cost and market pressures in the textile sector.
Commenting on the results, Mr. Dharmesh Dattani, CFO of Vishal Fabrics Limited, said, “Our Q3 FY26 performance reflects our continued focus on operational efficiency, cost management and disciplined execution. During the quarter, we strengthened our integrated capabilities and expanded our value-added offerings in the existing and newer markets. As we enter the final quarter of the financial year, we remain focused on maintaining operational stability while advancing our long-term growth priorities.”
Vishal Fabrics is one of India’s major denim fabric manufacturers, with a production capacity exceeding 100 million metres per annum. The company operates through an integrated value chain that includes printing, dyeing, processing, and large-scale denim manufacturing. It has also strengthened its position in wider-width fabrics while continuing to invest in denim capacity expansion.
In recent years, the company has placed greater emphasis on sustainability and innovation, integrating water recycling systems and zero-discharge processes across its facilities. As it moves into the final quarter of FY26, Vishal Fabrics is expected to focus on maintaining operational discipline and expanding its value-added product portfolio to support long-term growth.
General Mills India has inaugurated a new manufacturing facility in Nashik, Maharashtra, marking a significant expansion of its production capacity in the country and reinforcing its long-term commitment to India’s fast-growing food and bakery market. The company, part of U.S.-based Fortune 500 major General Mills Inc., has invested approximately Rs 100 crore in the new plant. This becomes its second manufacturing facility in Nashik, further strengthening its operational presence in the region.
Built with advanced manufacturing technologies and aligned with global quality standards, the facility is designed with a strong emphasis on food safety, product quality, and responsible resource utilisation. The expansion is expected to enhance supply chain efficiency, reduce lead times, and improve nationwide availability of Pillsbury products.
The company said the improved distribution capabilities will support thousands of bakeries across India by ensuring consistent access to Pillsbury’s baking mixes and related offerings. The move is aimed at consolidating Pillsbury’s leadership position in the bakery segment while enabling bakery partners to scale their operations more effectively.
"We're extremely proud to increase the availability of Pillsbury products across the country with the opening of our new plant in Nashik," said Balki Radhakrishnan, Vice President and Managing Director of Global Emerging Markets at General Mills. "Since 1999, our Pillsbury brand has been offering delicious, quality and convenient baking mixes in India. This expansion allows us to serve our consumers and bakery partners better, faster, and at greater scale."
Beyond operational expansion, the new plant is expected to generate economic benefits for the region. The facility has already created direct and indirect employment opportunities across manufacturing, logistics, and allied services. Increased demand for raw materials and support services is also likely to provide a boost to local suppliers and ancillary businesses in and around Nashik.
The inauguration ceremony was attended by senior company executives, officials from the U.S. Consulate in Mumbai, and representatives from the Government of Maharashtra, highlighting the strategic importance of the investment. The expansion reflects broader collaboration between multinational corporations and India’s manufacturing ecosystem, particularly in the food processing sector.
With rising demand for packaged foods and organised bakery products in India, General Mills’ latest investment signals a deeper push into capacity building and supply chain strengthening, positioning Pillsbury to capture a larger share of the country’s evolving culinary and bakery landscape.
Apparel Group has entered into a strategic partnership with Australian fashion and lifestyle label Cotton On to launch the brand in the Indian market.
Under the agreement, Apparel Group India will leverage its established retail and distribution network to introduce and scale Cotton On across the country. The company will oversee distribution through its existing logistics infrastructure, supporting the brand’s expansion and operational rollout. The collaboration brings together Apparel Group’s retail execution capabilities and Cotton On’s youth-centric, lifestyle-driven fashion positioning.
Abhishek Bajpai, CEO, Apparel Group India said, "We are proud to bring Cotton On to India as we continue to expand our portfolio of globally relevant lifestyle brands for the new Indian consumer. India has one of the world’s largest and fastest-growing young premium-buying populations, with a clear shift toward global style, value, and lifestyle-led fashion — and Cotton On fits this opportunity strongly. At Apparel Group India, we focus on building brands for long-term scale through disciplined retail execution and deep consumer insight. This partnership reflects our growth ambition and our commitment to creating differentiated, high-energy retail experiences in the market."
Bianca Ginns, Managing Director, Cotton On Brands stated, “India marks a significant new chapter for Cotton On as we bring our relaxed, optimistic Australian brand to millions of new customers. We're inspired by the energy and creativity of India's youthful population, and we’re looking forward to sharing our effortless, on-trend fashion that reflects Cotton On’s Aussie lifestyle."
“The arrival of Cotton On in India marks a strategic milestone in Apparel Group’s journey to redefine the country's retail landscape. By bringing Cotton On’s iconic Australian DNA to our shores, we are not just adding a brand to our portfolio but strengthening our position as the premier gateway for global giants. This partnership is a testament to our commitment to driving large-scale retail expansion and delivering aspirational global fashion to the doorstep of the Indian consumer," said Tushar Ved, President, Apparel Group India.
Apparel Group currently operates more than 2,500 stores globally across 85 brands. In India, it manages over 300 stores spanning 50 cities and represents more than 20 brands.
Cotton On has a presence in over 20 countries, operating around 1,300 stores with a workforce of 20,000 employees. The brand also runs the Cotton On Foundation, established in 2007, which has raised more than Rs 1,100 crore globally to support initiatives in education, mental health, and environmental sustainability. The foundation’s initiatives will also be introduced in India in collaboration with Apparel Group.
Panasonic Life Solutions India (PLSIND) has introduced its 2026 residential air conditioner (RAC) portfolio, betting on smart features, energy efficiency, and climate-resilient technology to drive growth in India’s rapidly evolving cooling market. The company has also set an ambitious target to scale its air conditioner volumes to approximately 2 million units by FY28.
The new range has been engineered to address India’s extreme weather conditions, with a focus on durability and consistent performance. At the core of the 2026 lineup is Panasonic’s proprietary DustBuster Technology — an “auto reverse-flow” fan mechanism designed to automatically expel dust from the outdoor unit. The innovation aims to maintain stable cooling performance, improve efficiency, and enhance long-term durability, especially in dusty and heat-intensive environments common across the country.
The portfolio comprises 57 new models across segments and price points, offering a mix of inverter, fixed-speed, smart, hot & cold, and high-capacity air conditioners. The expanded range reflects Panasonic’s strategy to cater to diverse consumer needs spanning metro cities and emerging tier 2 and tier 3 markets.
Commenting on the launch, Mr. Hirokazu Kamoda, Managing Director, Panasonic HVAC & CC India, said,
“India’s air conditioning market is at a pivotal inflection point, shaped by rapid urbanisation, rising aspirations, and increasingly extreme weather conditions. With our 2026 RAC line-up, we are introducing smarter, more resilient, and energy-efficient air conditioners that go beyond cooling to create healthier and more comfortable living spaces for Indian households. Building on this launch, we aim to scale our air conditioner volumes to approximately 2 million units by FY28, backed by an expanded portfolio, continued investments in technology and manufacturing, and a stronger presence across emerging markets.”
Panasonic is positioning the new lineup as a response to persistent operational challenges faced by consumers, particularly dust accumulation that impacts cooling efficiency and product lifespan. The company claims the DustBuster feature will help mitigate these issues and reduce maintenance concerns.
Mr. Abhishek Verma, Head, Product Marketing & Planning, Panasonic HVAC & CC India, said,
“With this launch, we are redefining the standards of strong cooling by directly addressing the challenges of heat, dust and tough weather conditions that impact AC performance across India. With 57 new RAC models in CY26, we offer one of the widest portfolios in the industry, spanning over inverter, fixed-speed, smart, hot & cold, and high-capacity solutions. This range further strengthens our commitment to Make in India, focused R&D, and deeper penetration across metro, tier 2, and tier 3 markets.”
The 2026 lineup includes 5-star, 4-star, and 3-star inverter air conditioners. The 5-star series introduces a premium “Amaze Facia” design in dark grey with chrome detailing, targeting consumers seeking both performance and aesthetics. The models are priced starting at ₹32,490 and will be available across major retail outlets, e-commerce platforms, and Panasonic brand stores.
The launch will be supported by an ongoing television campaign featuring brand ambassador MS Dhoni, reinforcing Panasonic’s positioning around dependable and resilient cooling solutions.
With rising urbanisation, climate volatility, and growing disposable incomes driving AC adoption, Panasonic’s expanded portfolio and FY28 volume target signal a renewed push to strengthen its foothold in India’s competitive air conditioning market.
Aditya Birla Group on Wednesday announced the entry of Danish café chain JOE & THE JUICE into the Indian market, marking a significant expansion in its hospitality portfolio.
The launch will be spearheaded by Aditya Birla New Age Hospitality (ABNAH), the Group’s hospitality arm that currently operates premium dining brands such as Yauatcha, Hakkasan, and Nara Thai. With this move, ABNAH steps into the scalable food services segment, broadening its footprint beyond fine dining. According to the company statement, the first JOE & THE JUICE outlet in India is expected to open in the second half of 2026.
"Anchored in deep insights, category understanding, and operational efficiencies, the group is well placed to build and scale differentiated brands for India's aspiring consumers," ABNAH Founder Aryaman Vikram Birla said.
Founded in Copenhagen in 2002, JOE & THE JUICE has expanded significantly over the past two decades and currently operates more than 480 outlets across Europe, the United States, the Middle East, Africa, and Asia. The brand has built a strong identity around its contemporary café culture, upbeat in-store experience, and health-forward offerings.
Industry observers note that the entry of global café chains into India highlights the growing maturity of the country’s organised food services market. With rising disposable incomes, an expanding young workforce, and increasing exposure to international dining formats, India continues to attract global hospitality brands looking for long-term growth opportunities. The arrival of JOE & THE JUICE under the Aditya Birla umbrella is expected to further intensify competition in the premium café and quick-service segment.
USV has signed a definitive agreement to acquire a 79 percent equity stake in Nutritionalab Private Limited, the parent company of Wellbeing Nutrition, marking its strategic entry into India’s rapidly expanding nutraceutical and consumer wellness market. The move represents a significant step in USV’s evolution from a prescription-focused pharmaceutical leader to a broader healthcare player spanning therapeutic and preventive care.
With a six-decade legacy in the Indian pharmaceutical industry, USV is widely recognized for its leadership in the Oral Anti-Diabetic and Cardiovascular segments. The company is known for established brands such as Glycomet GP, Ecosprin, and Roseday, and serves as the exclusive partner in India for the globally acclaimed Sebamed range. By bringing Wellbeing Nutrition into its portfolio, USV is extending its healthcare footprint beyond prescription-led therapies into lifestyle-driven and preventive wellness solutions.
The acquisition aligns with USV’s broader innovation roadmap across the healthcare continuum. As a longstanding player in diabetes and cardiac care, the company is preparing to enter the innovative GLP-1 therapy segment following the loss of exclusivity, under its upcoming brand ‘usema’. Combined with the addition of Wellbeing Nutrition, this expansion reinforces USV’s ambition to deliver integrated solutions across advanced therapeutic interventions and everyday preventive health, particularly within the metabolic health space.
Prashant Tewari, Managing Director, USV said, “This acquisition dovetails strongly with our strategy to build a future-facing healthcare portfolio that responds to the changing aspirations of Indian consumers. Their success across channels, particularly through their own platform, and their premium, clinically backed portfolio positions us well to accelerate growth while maintaining high standards of quality, compliance, and ethics that USV has been known for. We look forward to unlocking the next phase of growth by leveraging USV’s global capabilities while preserving Wellbeing Nutrition’s core mission of transparent, sustainable, and high-quality nutrition.”
Avnish Chhabria, Founder & CEO, Wellbeing Nutrition added, “This partnership with USV is a natural alignment of values, philosophy, and long-term intent. Wellbeing Nutrition was built on the belief that preventive health must be grounded in pharmaceutical-grade science, uncompromising quality, and deep consumer trust — principles that USV has stood for over decades. In USV, we have found a new home that understands the importance of scientific rigor, patient capital, and building enduring institutions. Together, we are committed to shaping a new benchmark for health and wellness, while preserving the integrity, culture, and purpose with which Wellbeing Nutrition was founded.”
Through this majority acquisition, USV strengthens its position across the healthcare spectrum, combining its established pharmaceutical leadership with a fast-scaling, digitally driven nutraceutical brand aimed at meeting the evolving wellness aspirations of Indian consumers.
Nandani Creation Limited (NCL), one of India’s leading women’s wear companies operating under its flagship brand “Jaipur Kurti”, announced its financial results for the third quarter and nine months ended December 31, 2024, on February 9, 2026. The company reported strong revenue growth and steady operating performance despite continued challenges in the Indian fashion retail sector.
During 9MFY26, net sales grew 65 percent year-on-year, while Q3FY26 recorded a 100 percent YoY surge in net sales, marking the third consecutive quarter of robust top-line expansion. This growth was achieved even as the industry grappled with subdued consumer demand and inflationary pressures impacting discretionary spending.
EBITDA margins remained stable at approximately 7 percent during the nine-month period. The marginal moderation compared to the previous year was attributed to a conscious strategic shift from in-house manufacturing to a more flexible, demand-based sourcing model.
A key milestone during the period was Jaipur Kurti crossing Rs 100 crore in sales in Calendar Year 2025, reflecting approximately 46 percent YoY growth. With this achievement, the brand enters a select group of Indian women’s ethnic wear labels that have scaled beyond the Rs 100 crore mark while maintaining profitable operations. The company’s premiumization strategy has played a significant role in enhancing realizations, driven by a sharper aspirational positioning and expansion of its offline retail footprint. Increased focus on premium offerings such as Jaipur Kurti Luxe and Amaiva – by Jaipur Kurti has contributed to an improvement in Average Selling Price (ASP) across channels.
The company also continued to diversify and optimize its channel mix. During the nine-month period, 35 percent of revenue came from third-party online marketplaces such as Myntra, Nykaa, Flipkart, Ajio, and InstaMart, 29 percent from third-party retail presence including Trends, Centro, Shoppers Stop, SIS, and LFRS, and 36 percent from its own channels comprising Exclusive Brand Outlets (EBOs), website, and wholesale.
Anuj Mundhra, Chairman & Managing Director of Nandani Creation Limited commented, “The Indian fashion retail industry has faced several challenges over the past few quarters, including subdued consumer demand and persistent inflationary pressures, which impacted discretionary spending across the sector. Despite these headwinds, Nandani Creation Limited delivered a strong performance during the nine-month period. I am pleased to share that we achieved Rs 100+ crore in sales during calendar year 2025, reflecting the strength of our brand, diversified channel presence, and disciplined execution. Going forward, based on improving customer traction and expanding distribution reach, we believe we are well-positioned to increase our market share and evolve into a leading brand in women’s Indian wear.”
Despite these headwinds, Nandani Creation Limited delivered a strong performance during the nine-month period. I am pleased to share that we achieved ₹Rs 100+ crore in sales during the calendar year 2025, reflecting the strength of our brand, diversified channel presence, and disciplined execution.
Premium menswear label Reid & Taylor has strengthened its retail presence with the opening of a new store at Spectrum@Metro, Noida. Located on the Ground Floor of Tower B, the launch forms part of the brand’s ongoing strategy to deepen its footprint in prominent urban markets while delivering a refined and contemporary shopping environment to customers.
The new outlet showcases a curated range of formalwear, business suits, and smart casuals, reflecting Reid & Taylor’s longstanding reputation for fine fabrics, precise tailoring, and classic menswear aesthetics. The collection is designed to cater to modern professionals who prioritise craftsmanship, quality, and timeless style in their wardrobes.
Ajendra Singh, Vice-President – Sales and Marketing, Spectrum@Metro, said, “We are delighted to welcome Reid & Taylor to Spectrum@Metro. The brand’s rich legacy and commitment to premium menswear align seamlessly with our vision of offering a sophisticated and elevated retail environment. This launch further strengthens our premium fashion portfolio and enhances the overall lifestyle appeal of the destination.”
The addition of Reid & Taylor further reinforces Spectrum@Metro’s positioning as a dynamic mixed-use lifestyle hub. The destination integrates retail, dining, entertainment, and leisure offerings, catering to the evolving preferences of urban consumers.
With the inclusion of established national and international brands such as Reid & Taylor, Spectrum@Metro continues to expand its premium fashion mix, aiming to provide an enhanced and comprehensive lifestyle experience for discerning shoppers in Noida and the wider NCR region.
EssilorLuxottica has appointed Venu Ambati as President for Greater India following the retirement of Narasimhan (Nara) Narayanan, who led the organisation for 12 years.
Venu Ambati said, “I am truly excited about my new journey with EssilorLuxottica, a company guided by the ambition to Empowering Humans. With half the global population estimated to suffer from myopia by 2050 and childhood myopia progressing at a fast pace, EssilorLuxottica has a key role to play in myopia management, and I look forward to adding my contribution to make its vision a reality.”
He added, “From a business perspective, Greater India is a very important region for the Group. I believe that leveraging opportunities across frames, lenses, wearables and vision care, while maximizing EssilorLuxottica’s decades-long commitment to technology and innovation, will be key to ensure we capitalize on the unprecedented growth potential of this market.”
Ambati brings more than 30 years of experience across the healthcare and consumer goods sectors. He has led teams in over 30 countries across the Indian subcontinent, the Middle East, North Africa, and Asia Pacific. Most recently, he served as Vice President at Abbott Pharmaceuticals India. Prior to this, he held senior leadership roles at GlaxoSmithKline Consumer Healthcare, including Regional Vice President and General Manager for Asia Pacific.
Ambati holds an MBA from the Indian Institute of Management Ahmedabad and a Bachelor of Engineering degree from NIT Bhopal.
Sarvagun, a modern Ayurveda and holistic healthcare brand backed by RASA Group, is seeing rapid growth amid rising demand for personalised and preventive healthcare in India. The brand has served more than 2,000 patients across its centres and is recording month-on-month growth of 35 percent. Based on current trends, Sarvagun is targeting an annual recurring revenue of Rs 10 to 12 crore over the next 12 months.
The company said it is working to scale Ayurveda by introducing outcome tracking, standardised care pathways, and data-led personalisation. This approach aims to bridge traditional Ayurvedic practices with contemporary healthcare delivery as consumers increasingly seek preventive and long-term care solutions.
Rahul Agarwal, Founder, RASA Group said, “Sarvagun was created to make Ayurveda more relevant and accountable for today’s consumers. By focusing on outcomes, personalization, and root-cause treatment, the brand is building a scalable healthcare model that goes beyond symptomatic relief. The strong patient traction and steady growth reinforce our belief in this approach.”
Sarvagun’s care model combines classical Ayurvedic science with structured treatment protocols. Its offerings include personalised treatment plans, Panchakarma therapies, nutritional guidance, and wellness practices such as yoga and meditation. The focus is on managing lifestyle-related and chronic conditions through long-term care.
Looking ahead, RASA Group plans to expand Sarvagun across India over the next three to five years. The group is also evaluating a potential public listing of RASA Group or one of its sub-brands within the next two to three years as it builds its presence in the healthcare and wellness segment.
RollsKing is set to close FY25–26 with a projected gross merchandise value of over Rs 100 crore, reflecting year-on-year growth of 18 percent. The cloud kitchen and quick service restaurant chain currently operates more than 130 outlets across 15 cities in India. Founded in 2011, the brand focuses on Kathi rolls and wraps and operates with a delivery-led QSR model. The company said it is aiming for year-on-year growth of 28 to 30 percent in FY26–27, followed by a 40 percent increase in FY27–28.
As part of its expansion plans, RollsKing is looking to strengthen its presence in southern and western India. The company plans deeper supply chain integration in key cities including Hyderabad, Bengaluru, Chennai, Mumbai, and Pune.
Arjun Toor, Co-Founder said, “We are very happy to have had a very successful financial year 25-26. It sets us up for an encouraging financial journey ahead where we continue to grow as a brand and serve our customers better with each passing year. We already have a robust expansion plan for the coming year and look forward to making RollsKing the default choice of many more Indians across different geographies.”
The brand currently serves more than 500,000 rolls every month. Its customer base includes working professionals, students, night-shift employees, and young families. RollsKing’s menu focuses on protein-forward options across vegetarian and non-vegetarian variants such as egg, paneer, chicken, and soya.
RollsKing is set to close FY25–26 with a projected gross merchandise value of over Rs 100 crore, reflecting year-on-year growth of 18 percent. The cloud kitchen and quick service restaurant chain currently operates more than 130 outlets across 15 cities in India. Founded in 2011, the brand focuses on Kathi rolls and wraps and operates with a delivery-led QSR model. The company said it is aiming for year-on-year growth of 28 to 30 percent in FY26–27, followed by a 40 percent increase in FY27–28.
As part of its expansion plans, RollsKing is looking to strengthen its presence in southern and western India. The company plans deeper supply chain integration in key cities including Hyderabad, Bengaluru, Chennai, Mumbai, and Pune.
Arjun Toor, Co-Founder said, “We are very happy to have had a very successful financial year 25-26. It sets us up for an encouraging financial journey ahead where we continue to grow as a brand and serve our customers better with each passing year. We already have a robust expansion plan for the coming year and look forward to making RollsKing the default choice of many more Indians across different geographies.”
The brand currently serves more than 500,000 rolls every month. Its customer base includes working professionals, students, night-shift employees, and young families. RollsKing’s menu focuses on protein-forward options across vegetarian and non-vegetarian variants such as egg, paneer, chicken, and soya.
Britannia Industries Ltd reported a 17.14 percent year-on-year increase in consolidated net profit to Rs 682.14 crore for the December quarter of FY26, supported by steady performance across its biscuits business and adjacent categories.
Revenue from operations for the quarter rose 8.21 percent to Rs 4,969.82 crore, compared with Rs 4,592.62 crore in the corresponding quarter last year, according to a regulatory filing. Total income, including other income, increased 8 percent to Rs 5,029.28 crore. During the quarter, total expenses stood at Rs 4,107.59 crore, marking a 6 percent increase year on year.
Rakshit Hargave, Managing Director and Chief Executive Officer said, “The consolidated revenue growing by 9.5 percent during the quarter with profits growing faster at 17 percent underscores a return to healthy growth, driven by strong momentum across both the biscuits and adjacent categories, alongside a relatively stable commodity environment.”
The company said the biscuit segment continued to see stabilisation in price points following the GST rate reduction, while the business recorded 12 percent growth during November and December. This growth was supported by continued media investments and additions to the product portfolio through new launches.
On the outlook, Hargave said, “We remain focused on building a stronger ‘Britannia’ through elevated brand experiences and sustained investments, alongside distinctive and localised product innovations designed to address the diverse demographic and cultural preferences across the country.”
Namaste India, part of the RSPL Group, has launched its fresh milk range in Bihar, marking its entry into eastern India. The expansion is supported by a planned investment of Rs. 350 crore and focuses on building a locally anchored dairy network across the state.
As part of the launch, the company is offering multiple fresh milk variants in Bihar, including full cream milk, standard milk, and cow milk. These products are available in pack sizes such as 500 ml, 1 litre, and 6 litres. Distribution covers retail stores, kirana outlets, modern trade, institutional channels, and direct distributors across 12 districts and cities, including Patna, Gaya, Aurangabad, and Nawada.
The Bihar operations follow quality control measures such as multi-stage testing, cold chain management, and hygiene standards to maintain freshness and nutrition from sourcing to delivery. The company said the initiative is expected to benefit 2 to 3 lakh dairy farmers and around 1 lakh families through direct procurement and fair pricing systems, supporting the local dairy economy.
Manoj Arora, COO, Namaste India said, “Bihar is one of India's most promising dairy markets with immense consumption potential. We've observed a significant shift in consumer preference toward branded, hygienic, and quality-assured milk. Namaste India addresses this gap by bringing our signature freshness, taste, and quality standards to Bihar. This is just the beginning – we plan to deepen our presence across the state with Jharkhand, West Bengal, and 7 sisters in Northeast.”
With the Bihar rollout, Namaste India now operates across 17 to 18 states in India. The company said Bihar plays an important role in its national growth plans due to rising demand for organised dairy products and increasing consumption. Alongside milk, Namaste India also offers products such as ghee, butter, flavoured milk, lassi, curd, paneer, milk powder, fresh cream, and cookies across its markets.
Kewal Kiran Clothing Limited (KKCL) announced its audited financial results for the quarter ended 31 December 2025, reporting higher revenue and profit on the back of steady demand and network expansion.
For Q3 FY26, revenue from operations rose 18 percent year on year to Rs 301.1 crore, compared with Rs 255.2 crore in the same quarter last year. Gross profit increased 24.1 percent to Rs 131.1 crore from Rs 105.6 crore, with the gross margin improving to 43.5 percent.
Earnings before interest, tax, depreciation and amortisation for the quarter grew 34.2 percent to Rs 63.0 crore, up from Rs 46.9 crore a year earlier. EBITDA margin stood at 20.9 percent. Profit after tax rose 45.3 percent to Rs 37.9 crore from Rs 26.1 crore, with a PAT margin of 12.5 percent.
For the nine months ended 31 December 2025, consolidated revenue increased 24.4 percent year on year to Rs 889.0 crore, compared with Rs 714.6 crore in the corresponding period last year. Gross profit for the period rose 25 percent to Rs 378.8 crore, while EBITDA grew 26.8 percent to Rs 175.5 crore. Profit after tax for the nine months stood at Rs 117.2 crore, a decline of 1.5 percent from Rs 119.0 crore in 9M FY25, mainly due to higher other income of Rs 22.5 crore in the previous year from a one-time gain on the sale of shares through an IPO-OFS and fair value gains on shares of Baazar Style Retail Limited.
During the quarter, the company added a net 14 Exclusive Brand Outlets, taking its total EBO count to 666. KKCL also continues to operate through more than 3,000 multi-brand outlets and major national retail chains. The board declared an interim dividend of Rs 2 per equity share of face value Rs 10 for the quarter and nine months ended 31 December 2025.
The company said the impact of the new labour codes, effective from 21 November 2025, is not material and has been accounted for in the consolidated financial results.
Hemant Jain, Joint Managing Director, Kewal Kiran Clothing Limited said, “We are pleased to report a robust performance in Q3, with sustained double-digit sales growth of 18.0 percent, driven by a combination of volume and value growth. Our focus on operational efficiency and meticulous execution of growth strategies has yielded impressive results, with EBITDA margin expansion driving a 34 percent increase in EBITDA. Disciplined operational management remains at the core of our success, enabling us to scale our business while maintaining profitability.”
He added that continued investment in brand building and distribution expansion is supporting growth and that the company remains confident of closing the year at the higher end of its guided range.
V2 Retail Limited reported a sharp rise in profit and revenue for the third quarter of the 2025-26 financial year, supported by higher store additions and steady consumer demand, as per regulatory filings.
For the quarter ended 31 December 2025, consolidated revenue rose about 57 percent year on year to around Rs 929.2 crore ($102 million), compared with about Rs 590.9 crore ($65.44 million) in the same period last year. Profit after tax increased by nearly 99 percent to Rs 102.1 crore ($11.31 million), exceeding the company’s full-year profit for 2024-25.
Earnings before interest, tax, depreciation and amortisation grew by over 55 percent to approximately Rs 173.7 crore ($19.23 million). The EBITDA margin for the quarter stood at around 18.7 percent.
During the quarter, the company added 35 new stores, taking its total store count to 294 across India. Its overall retail area reached nearly 31.93 lakh square feet. Management commentary pointed to continued focus on Tier-ll and Tier-lll markets to address demand from value-focused consumers.
For the nine months ended 31 December 2025, consolidated revenue stood at around Rs 2,270 crore ($251 million), marking a year-on-year increase of about 64 percent. Net profit for the period rose around 119 percent to Rs 144 crore ($15.95 million). The company said its strategy remains centred on measured expansion, careful inventory deployment and operational efficiency.
Analysts said the results indicate sustained demand in the value retail segment and effective execution of expansion plans. Market participants will track how V2 Retail uses its wider store network and consumer demand to support growth in the coming quarters.
Lifestyle apparel company, Kewal Kiran Clothing Limited (KKCL), has announced its audited financial results for the quarter ended December 31, 2025, delivering strong growth across revenue and profitability metrics.
On a consolidated basis, Revenue from Operations for Q3 FY26 stood at Rs 301.1 crore, reflecting an 18.0 percent year-on-year increase compared to Rs 255.2 crore in Q3 FY25. Gross Profit rose by 24.1 percent to Rs 131.1 crore from Rs 105.6 crore in the corresponding quarter last year, with the gross margin improving to 43.5 percent from 41.4 percent. The company reported EBIDTA of Rs 63.0 crore for the quarter, up 34.2 percent from Rs 46.9 crore in Q3 FY25, while the EBIDTA margin expanded to 20.9 percent from 18.4 percent. Profit After Tax (PAT) grew significantly by 45.3 percent to Rs 37.9 crore as against Rs 26.1 crore in the same period last year, taking the PAT margin to 12.5 percent compared to 10.2 percent in Q3 FY25.
For the nine months ended December 31, 2025, Revenue from Operations increased 24.4 percent to Rs 889.0 crore from Rs 714.6 crore in 9M FY25. Gross Profit for the period rose 25.0 percent to Rs 378.8 crore compared to Rs 303.1 crore in the previous year, with the gross margin at 42.6 percent. EBIDTA for 9M FY26 stood at Rs 175.5 crore, marking a 26.8 percent rise over Rs 138.5 crore reported in 9M FY25, and the EBIDTA margin improved to 19.7 percent from 19.4 percent. However, PAT for the nine-month period moderated marginally by 1.5 percent to Rs 117.2 crore compared to Rs 119.0 crore in 9M FY25.
During the quarter, KKCL expanded its retail footprint with a net addition of 14 Exclusive Brand Outlets (EBOs), taking the total count to 666 EBOs. The company also maintains a presence across more than 3,000 Multi-Brand Outlets (MBOs) and leading national retail chains. Reflecting confidence in its performance and outlook, the Board of Directors declared an interim dividend of Rs 2 per equity share of face value Rs 10 each for the quarter and nine months ended December 31, 2025.
Hemant Jain, Joint Managing Director, KKCL said, “We are pleased to report a robust performance in Q3, with sustained double-digit sales growth of 18.0 percent, driven by a combination of volume and value growth. Our focus on operational efficiency and meticulous execution of growth strategies has yielded impressive results, with EBITDA margin expansion driving a 34 percent increase in EBITDA. Disciplined operational management remains at the core of our success, enabling us to scale our business while maintaining profitability. We continue to invest in our brand and distribution network, expanding our Exclusive Brand Outlets (EBOs) and strengthening our presence in LFS stores. These initiatives are delivering results, enhancing brand visibility, and driving sales growth. With our growth levers in place and delivering as planned, we are confident of closing the year at the higher end of our guided range, backed by an impressive margin profile.”
KKCL stated that the incremental impact arising from the new labour codes is not material and has already been recognised in the consolidated financial results for the quarter and nine months ended December 31, 2025.
Sky Gold and Diamonds reported a strong financial performance for the third quarter of FY26, with sharp growth in revenue and profitability, supported by steady demand across domestic and export markets.
The Mumbai-based B2B gold jewellery manufacturer posted a 77 percent year-on-year increase in revenue to Rs 1,768 crore for the quarter ended December 31, 2025. Profit after tax more than doubled to Rs 80.53 crore, marking a 120 percent rise compared to the same period last year. EBITDA margins for the quarter improved to 7.34 percent, reflecting better operational efficiency.
For the nine-month period of FY26, the company reported similar momentum. Revenue rose 76 percent year on year to Rs 4,383 crore, while profit after tax increased 102 percent to Rs 191 crore. The growth was driven by consistent demand across both Indian and international markets, even amid elevated gold prices and periods of volatility.
Managing Director Mangesh Chauhan said the company’s performance reflects sustained demand and disciplined execution across markets. He noted that Sky Gold has been able to navigate price fluctuations while continuing to scale operations.
During the quarter, the company also advanced its strategic initiatives. Sky Gold expanded its international footprint by inaugurating a new office in Dubai to strengthen its Middle East operations. In addition, it acquired a 51 percent stake in Shri Rishab Gold through its subsidiary, supporting its growth plans in manufacturing and distribution.
The company also announced a change in promoter compensation, stating that promoters will draw remuneration solely through dividends starting FY27. This move is intended to align promoter interests with long-term cash flow generation.
With a market capitalisation of Rs 5,131 crore and a price-to-earnings ratio of 23.62, Sky Gold continues to focus on scaling its operations while maintaining profitability. The latest quarterly results underline the company’s growth trajectory as it expands capacity and deepens its presence across key jewellery markets.
Acer has upgraded its logistics operations by adopting AI-powered automation to improve delivery verification across its institutional shipments. The technology initiative is designed to enhance supply chain efficiency, minimize manual intervention, and expedite the confirmation of deliveries, particularly for high-value orders.
The transformation has been implemented in collaboration with ClickPost, which has deployed an AI-driven Proof of Delivery verification system for Acer. The solution replaces manual paperwork and follow-ups with automated, real-time verification, supporting large-scale deliveries for enterprises, governments, BFSI, and e-commerce. Faster validation of deliveries is expected to improve billing cycles and financial reconciliation, areas that are closely linked to delivery confirmation in institutional logistics.
Before the adoption of AI-led verification, Acer handled nearly 12,000 orders each month across multiple channels. Delivery verification relied heavily on manual checks, resulting in delays, increased workload for customer service teams, and limited visibility into delivery performance. With the new system in place, Acer has reduced manual processes and shortened verification timelines to within 24 hours, improving predictability across its logistics network.
The shift forms part of a broader effort by Acer India’s logistics leadership to modernise enterprise supply chain operations. Delivery verification was identified as a key bottleneck, prompting the company to work closely with ClickPost to develop a solution tailored for institutional logistics. The system combines AI, workflow automation, and API-based integrations to move away from fragmented processes toward a unified digital framework.
Anish Nair, Head of Logistics Operations at Acer said, “Adopting AI-driven delivery verification has been a critical step in modernising our enterprise logistics operations. The collaboration with ClickPost has enabled us to move from reactive, manual processes to a technology-led system that improves accuracy, reduces operational effort, and supports faster decision-making as our enterprise and e-store businesses continue to scale.”
In addition to proof of delivery verification, Acer has integrated API-based shipment booking and real-time tracking capabilities into its logistics operations. These additions have automated docket generation and enhanced end-to-end visibility across dispatches, contributing to reduced cycle times and improved service reliability for institutional customers.
Naman Vijay, Co-Founder of ClickPost, said delivery confirmation plays a critical role in enterprise logistics, particularly where it is linked to financial reconciliation. He noted that embedding AI into verification and tracking workflows enables greater precision and speed in operations.
Acer plans to further expand its use of AI-led logistics tools, with a focus on achieving end-to-end automation and strengthening delivery intelligence across its nationwide network.
Being Human Clothing has partnered with retail technology firm Fynd, backed by Reliance Retail Ventures Limited, to strengthen its end-to-end digital commerce and operations ecosystem. The collaboration aims to streamline order management, customer engagement, and catalog operations through a unified, AI-driven platform.
As part of the partnership, Being Human Clothing has integrated an end-to-end commerce operating layer to manage both front-end and back-end workflows. This includes a centralized Order Management System that oversees the complete order lifecycle across the brand’s direct-to-consumer website and multiple online marketplaces. The system supports order processing, fulfillment coordination, cancellations, and returns at scale.
To improve customer experience, the brand is using an AI-powered customer communication platform to handle e-commerce support across WhatsApp, email, and chatbots. This enables consistent and automated customer interactions, including during periods of high order volumes.
The partnership also focuses on strengthening catalog operations. Being Human Clothing has adopted AI-led tools to create and optimize product images and videos through AI-powered photoshoots tailored for its website and marketplace requirements. In addition, an AI-enabled Product Information Management system supports faster catalog enrichment, standardized product data, and regular updates. This has reduced manual effort while improving accuracy and turnaround time.
According to Ragini Varma, Chief Business Officer, Fynd, brands increasingly require unified systems that can scale with demand rather than relying on fragmented tools. She said the partnership with Being Human Clothing has focused on embedding AI and automation across commerce operations, customer experience, and catalog management, adding that the platform has demonstrated the ability to manage a six times spike in orders without operational strain.
Vivek Sandhwar, Chief Operating Officer, Being Human Clothing, said the brand needed a partner that could bring scale, stability, and intelligence as its digital commerce footprint expanded. He noted that the platform has helped streamline order management, improve customer engagement across channels, and enhance the speed and quality of catalog operations, supporting long-term commerce growth.
During peak seasonal sales, the integrated platform enabled the brand to manage higher order volumes smoothly, ensuring stable operations, efficient fulfillment, and uninterrupted customer communication. The partnership positions Being Human Clothing to scale its digital commerce operations while maintaining consistency across all online touchpoints.
Bata India Ltd reported steady growth in its financial performance for the December quarter of FY26, with higher profitability supported by a marginal increase in revenue and controlled costs. The footwear retailer recorded a 12.61 percent rise in consolidated net profit at Rs 66.1 crore during the quarter, compared to the same period last year. The improvement in profit came despite modest growth in topline numbers, reflecting tighter expense management during the quarter.
Revenue from operations for the quarter stood at Rs 944.68 crore, marking a year-on-year increase of 2.81 percent. In the corresponding quarter of the previous financial year, the company had reported revenue of Rs 918.79 crore. The growth indicates stable demand across Bata India’s retail network amid a competitive footwear market.
Total expenses for the December quarter were reported at Rs 868.92 crore, up 3.3 percent on a year-on-year basis. The rise in costs remained largely in line with revenue growth, helping the company protect margins during the period. Operating efficiency and cost discipline played a role in supporting the bottom line, even as expenses increased slightly faster than revenue.
Bata India’s total income, which includes other income, rose 3.93 percent year on year to Rs 965.72 crore for the quarter under review. This compares with the total income reported in the same quarter last year, reflecting incremental gains beyond core operations.
The company continues to operate in a challenging retail environment, with input costs, consumer spending patterns, and competition influencing overall performance. Despite these factors, Bata India was able to deliver improved profitability during the quarter, suggesting a balanced approach between pricing, costs, and operational execution.
As one of the established footwear players in the Indian retail market, Bata India Ltd has been focusing on strengthening its product mix, store performance, and supply chain efficiencies. The December quarter results highlight the company’s ability to maintain financial stability while navigating evolving market conditions.
The latest quarterly numbers provide insight into Bata India’s near-term performance as it continues to align its retail operations with changing consumer demand and cost structures.
Aditya Birla Fashion and Retail Ltd reported a wider consolidated net loss of Rs 137.3 crore for the December quarter of FY26, primarily due to the impact of new Labour Codes. The company had posted a consolidated net loss after tax from continuing operations of Rs 102.68 crore in the corresponding quarter of the previous financial year, according to a regulatory filing.
Revenue from operations during the third quarter increased to Rs 2,373.66 crore, compared with Rs 2,200.52 crore in the year-ago period. Total expenses for the quarter rose to Rs 2,546.91 crore from Rs 2,345.93 crore last year. The company said it has provided an exceptional outgo of Rs 28.48 crore linked to the implementation of new Labour Codes.
Overall growth was impacted by a slowdown in the masstige and value segments, the company added.
The company said, “In a quarter marked by shift of festive, the portfolio delivered a healthy performance, with newer businesses maintaining strong momentum in line with trends seen over the past few quarters.”
Pearl Global Industries Limited shares traded lower in early Monday trade, despite the company reporting strong financial performance for the third quarter ended December 31, 2025. The stock was trading at Rs 1,809.70, down 1.37 percent from the previous close of Rs 1,834.80.
The stock opened at Rs 1,827.70 and moved between a high of Rs 1,844.20 and a low of Rs 1,752.10 during morning trade. As of 10.30 am, trading volume stood at 0.78 lakh shares, with a turnover of Rs 14.09 crore. Delivery-based trades accounted for 50.09 percent of the total volume, while sellers slightly outnumbered buyers at 53.30 percent against 46.70 percent.
The company, India’s largest listed garment exporter, reported consolidated revenue of Rs 3,711 crore for the nine-month period, registering a year-on-year growth of 13.2 percent. Revenue for the third quarter rose 14.4 percent year on year to Rs 1,170 crore. Adjusted EBITDA for 9M FY26 stood at Rs 333 crore, with a margin of 9 percent. The management said margins would improve to 10.1 percent after excluding the impact of reciprocal tariffs amounting to Rs 31 crore and costs related to new operations.
Vice Chairman Pulkit Seth said recent reductions in US tariffs to 18 percent and India’s free trade agreements with the European Union and the United Kingdom are expected to support growth. He added that the company’s India operations, which were earlier impacted by an additional 25 percent US duty, are now better placed to scale.
Managing Director Pallab Banerjee said discounts extended to US customers during the tariff period would be withdrawn, which is expected to improve profitability from February.
Separately, credit rating agency ICRA upgraded Pearl Global’s long-term debt rating to A+ with a Stable outlook and its short-term borrowing rating to A1+, citing improved financial strength. The company continues to operate manufacturing facilities across India, Bangladesh, Vietnam, Indonesia, and Guatemala, providing geographic diversification.
P N Gadgil Jewellers reported a 35.60 percent year-on-year increase in total revenue to Rs 3,302 crore for the third quarter of FY26, compared to Rs 2,435 crore in the same period last year. Revenue excluding the refinery segment grew 46.63 percent year on year during the quarter. The retail segment recorded a 46 percent increase in revenue and accounted for 83.2 percent of total revenue, supported by demand during the festive and wedding seasons.
Among non-retail segments, the company’s e-commerce business posted a 138 percent year-on-year growth in Q3 FY26 and contributed 5.1 percent to overall revenue. Franchisee operations grew 12 percent year on year and accounted for 7.7 percent of total revenue. The Other segment contributed 4 percent of revenue, largely driven by B2B bullion sales from the head office and corporate segment.
Festive sales remained strong during the quarter. Dussehra revenue stood at Rs 190 crore, reflecting a 64 percent year-on-year increase. Dhanteras sales rose to Rs 277 crore, marking the company’s highest-ever single-day festive revenue. Total Diwali sales reached Rs 606 crore, registering a 74 percent year-on-year growth. October 2025 also emerged as the company’s highest revenue month at Rs 1,807 crore, up 72 percent year on year.
In terms of product mix, the contribution from studded jewellery during the first nine months of FY26 increased 52 percent year on year, taking the stud ratio to 8.4 percent. Same-store sales growth stood at 32 percent for the quarter. On the expansion front, the company opened three new exclusive company-owned outlets during Q3 FY26, taking the total store count to 66 as of December 31, 2025.
Looking ahead, P N Gadgil Jewellers plans to accelerate store expansion in Q4 FY26, with 12 to 14 new outlets planned across company-owned and franchise-operated formats. The company is targeting a total network of 78 to 80 stores by the end of FY26.
In a separate update, the company said its consolidated net profit rose 127.1 percent to Rs 79.31 crore in Q2 FY26, while revenue from operations increased 8.8 percent to Rs 2,177.62 crore over Q2 FY25.
Whirlpool of India Ltd reported a 39.55 percent year-on-year decline in consolidated net profit to Rs 26.92 crore for the third quarter ended December 31, 2025. The decline was attributed to the impact of new labour codes and an increase in overall expenses.
Consolidated revenue from operations during the quarter rose to Rs 1,773.84 crore, compared with Rs 1,704.85 crore in the same period last year, indicating modest top-line growth despite cost pressures.
Total expenses for the quarter increased to Rs 1,744.36 crore, up from Rs 1,696.17 crore in the year-ago period. The company said it has assessed and provided for an incremental impact of Rs 38.84 crore arising from the implementation of the new labour codes announced by the government.
Whirlpool of India said the higher cost base during the quarter weighed on profitability, even as revenue remained stable.
Kalyan Jewellers India reported a 90.36 percent year-on-year rise in consolidated net profit to Rs 416.29 crore for the quarter under review. Revenue from operations increased 42.11 percent to Rs 10,343.41 crore, compared with Rs 7,278.09 crore in the corresponding quarter last year, reflecting strong demand across domestic and international markets.
The company’s international business also posted steady growth during the third quarter of FY26. Revenue from overseas operations rose 38 percent year on year to Rs 1,164 crore, up from Rs 842 crore in the same period last year. Profit after tax from international operations stood at Rs 12 crore, compared with Rs 8 crore a year earlier, marking a growth of 64 percent.
Ramesh Kalyanaraman, Executive Director, Kalyan Jewellers India said, “We are extremely excited with the way the current year has progressed so far. The current quarter has started off very well despite the volatility in gold prices. We are upbeat about the ongoing wedding season and expect to end the financial year on a strong note.”
The company said demand momentum has remained stable despite fluctuations in gold prices, supported by seasonal buying trends and continued expansion across markets.
Sapphire Foods India, a franchisee of Yum! Brands for its quick service restaurant chains KFC and Pizza Hut, reported a consolidated loss of Rs 4.80 crore for the December quarter of FY26. The loss was attributed to exceptional items related to the implementation of new labour laws and merger-related expenses.
The company had reported a consolidated net profit of Rs 12.7 crore in the same quarter last year, according to a regulatory filing. Sapphire Foods India had last month announced plans to merge with rival operator Devyani International.
During the quarter, Sapphire Foods recorded exceptional items amounting to a net loss of Rs 11.1 crore. This included Rs 8 crore linked to changes under the new Labour Codes and Rs 3.1 crore towards merger-related costs. Profit before exceptional items and tax stood at Rs 7.81 crore, a decline of 53.5 percent year on year.
Despite the impact on profitability, consolidated revenue from operations rose 7.57 percent to Rs 813.82 crore in the December quarter, compared to Rs 756.53 crore in the year-ago period. In an earnings statement, the company said, “Q3 FY26 performance saw much improvement on profitability compared to earlier quarters led by KFC. Revenue for KFC grew by 11 percent and Pizza Hut India revenue declined by 11 percent.”
The company’s Sri Lanka operations continued to report growth, with revenue increasing 15 percent during the quarter. Total expenses for Sapphire Foods India, which operates in India and Sri Lanka, rose 8.37 percent to Rs 813.08 crore. Total consolidated income, including other income, increased 7.02 percent to Rs 820.89 crore.
During Q3 FY26, Sapphire Foods added 27 KFC outlets and one Pizza Hut outlet in India, along with three Pizza Hut outlets in Sri Lanka. As of December 31, 2025, the company’s total restaurant count stood at 1,028.
In January, Sapphire Foods India and Devyani International announced a merger through a share swap. The combined entity is expected to operate over 3,000 stores, creating one of the largest quick service restaurant chains in India.
LaundryMate, a Bengaluru-based app-led laundry and dry-cleaning company, has expanded into Gurugram with the launch of LaundryMate Sprint, a four-hour laundry and dry-clean delivery service. The company said the offering is aimed at meeting the time-sensitive needs of urban consumers in the city.
LaundryMate Sprint provides doorstep pick-up within 45 minutes and a four-hour turnaround from pick-up to delivery across services such as dry cleaning, wash and iron, and steam ironing. The Gurugram outlet also accepts walk-in customers. The launch is supported by LaundryMate’s 24-hour full-service delivery model, which the company already operates in Bengaluru and has now introduced in Gurugram.
Abhinay Choudhari, Co-Founder and CEO of LaundryMate.in, and former Co-founder of BigBasket said, “After the successful launch and scaling of our services in Bengaluru, expanding to Gurugram was a logical next step. The city’s fast-paced lifestyle and high concentration of working professionals require reliable and timely solutions. While LaundryMate Sprint, with its 4-hour TAT, addresses urgent laundry needs, our 24-hour service continues to meet common daily-use case requirements. Together, these offerings demonstrate our commitment to combining convenience, speed, and consistent garment care.”
In Bengaluru, LaundryMate operates a 50,000 sq ft processing facility equipped with imported machinery worth over Rs 35 crore and a daily capacity of 24,000 garments across three shifts. For Gurugram, the company has partnered with Central Linen Park (CLPPL), which operates a facility in Bhiwadi, Rajasthan. The facility has infrastructure investments of over Rs 75 crore and caters primarily to B2B clients, including hotel chains across Delhi NCR. CLPPL is backed by Arun Saraf, Chairman of Juniper Hotels, which owns Grand Hyatt properties in India and Nepal.
Surendra Ruia, Chairman, Central Linen Park and LaundryMate’s Gurugram partner said, “North India has specific garment care needs, especially during winter when woollens and premium fabrics require specialised handling. LaundryMate’s technology-led processes and attention to garment integrity make it a strong fit for Gurugram’s consumers. This partnership is about bringing a reliable laundry solution to a market that values quality.”
Founded in Bengaluru in 2022 by Abhinay Choudhari, Pushpendra Yadav, Raghavendra Joshi, Tripat Singh, and Uday Vijayan, LaundryMate operates in the organised laundry services segment. Over the last three years, the company has recorded over 5.5 lakh app downloads, processed more than 45 lakh garments, and fulfilled over 3.5 lakh orders in Bengaluru. It currently serves around 10,000 monthly transacting customers.
LaundryMate raised $6 million in a pre-Series A funding round in June 2023 and is in discussions to raise Series A capital to support expansion into five cities. With the Gurugram launch, the company aims to address demand for time-bound, technology-enabled laundry services among urban households.
Page Industries Limited has reported its financial results for the third quarter and nine months ended December 31, 2025, posting steady revenue growth during the quarter while profit after tax declined due to one-time provisions linked to regulatory changes.
During the third quarter, Page Industries recorded a 1.4 percent year-on-year increase in sales volume to 58.6 million pieces. Revenue rose 5.6 percent year on year to Rs 13,868 million. EBITDA stood at Rs 3,181 million, reflecting a growth of 5.2 percent year on year. Profit after tax for the quarter declined 7.4 percent year on year to Rs 1,895 million.
For the nine months ended December 31, 2025, the company reported revenue of Rs 39,942 million, up 4.1 percent year on year. EBITDA increased 7.9 percent year on year to Rs 8,923 million, while profit after tax grew 3.5 percent year on year to Rs 5,851 million.
V. S. Ganesh, Managing Director, Page Industries Limited, said, “I am pleased to share that we sustained strong operating margins while delivering improved revenue growth during the quarter. Profit after tax for the quarter reflects a decline due to one-time, exceptional provisions arising from the notification of the new Labour Codes. The encouraging consumer response to our innovative product launches, combined with our sharp focus on operating efficiencies and continued investments in digital and brand-building initiatives, positions us well to accelerate growth and further strengthen our leadership position in the periods ahead.”
The company said shifting consumer preferences toward improved retail experiences and wider access are expected to support continued growth in modern retail formats, including e-commerce and exclusive branded stores. Page Industries plans to strengthen and diversify its product portfolio while expanding and optimising its distribution network across digital, exclusive, and traditional retail channels.
Baby & Mom Retail Pvt. Ltd., which began over a decade ago as a specialised baby-care venture, has officially rebranded as Kharesiya Brands Pvt. Ltd., marking its transition into a diversified, multi-category House of Brands. The new identity reflects the company’s evolution into a broader consumer brand platform spanning baby and beauty care, pet care, consumer electronics, and home appliances.
The rebranding signifies more than a change in name. It underscores the company’s shift toward building a structured brand ecosystem focused on creating, scaling, and nurturing distinct consumer brands across categories. As the organisation expanded its portfolio and addressed multiple consumer segments, the need for a unified parent identity became increasingly evident. Kharesiya Brands now serves as the umbrella platform designed to support long-term scalability, operational efficiency, and sustained brand leadership.
The announcement comes amid strong business momentum. The company is on track to cross Rs 120 crore in GMV (Gross Merchandise Value) ARR in FY26, driven by portfolio diversification, omnichannel expansion, and deeper consumer engagement across its brands.
Despite the change in corporate identity, the company emphasised that its leadership, operational foundation, and focus on quality, value, and trust remain unchanged.
Shish Kharesiya, Founder & CEO, Kharesiya Brands Pvt. Ltd shared, "This rebrand is not a departure from who we are, it’s a reflection of who we have become. “Over the years, we’ve grown beyond a single category into multiple consumer spaces, each with its own identity and loyal customer base. Kharesiya Brands represents our ambition to build a true House of Brands, one that balances innovation with trust, and scale with customer connection. With our portfolio momentum and strong growth trajectory, we are excited to enter this next phase under a unified identity.”
Currently, Kharesiya Brands manages a growing portfolio of consumer-led brands and continues to strengthen its footprint across D2C and omnichannel retail formats. The company is also stepping up investments in product innovation, supply chain capabilities, and leadership depth to support its next phase of growth.
With this rebranding, Kharesiya Brands aims to accelerate its long-term vision of building a scalable and future-ready consumer brand platform across everyday lifestyle categories.
Devyani International has completed the acquisition of Sky Gate Hospitality, taking full ownership of the food services company and further strengthening its position in India’s rapidly expanding restaurant and delivery-led dining segment.
As disclosed in a regulatory filing, Devyani has purchased the remaining 11.4% stake in Sky Gate from its promoters and founders for a total consideration of Rs 57.5 crore. The transaction comprises Rs 27.5 crore in cash, along with Rs 30 crore issued through non-convertible redeemable preference shares. With this deal, Devyani’s stake in Sky Gate has increased from 80.72 percent to 100 percent.
This marks the culmination of an acquisition process initiated last year, when Devyani invested Rs 419.6 crore to secure a majority holding in Sky Gate Hospitality. The completion of the buyout brings Indian delivery-first brands such as Biriyani By Kilo and Goila Butter Chicken fully under Devyani International’s fold, alongside its existing global QSR portfolio that includes KFC, Pizza Hut, and Costa Coffee.
Established in 2015, Sky Gate Hospitality reported a consolidated turnover of Rs 277 crore in FY25, excluding select brands. Following the acquisition, the company will function as a wholly owned subsidiary of Devyani International, allowing for closer operational integration and accelerated expansion.
The move highlights Devyani International’s strategy to scale Indian cuisine-led brands in parallel with its international quick-service restaurant partnerships, as the company continues to tap growth opportunities within India’s food services market.
FSN E-Commerce Ventures, the parent company of fashion and beauty platform Nykaa, on Thursday reported a sharp rise in consolidated net profit for the quarter ended December 2025, posting earnings of Rs 63.31 crore. This marks a multifold jump from the Rs 26.12 crore profit recorded in the corresponding quarter of the previous financial year, attributable to equity shareholders of the parent entity.
The company’s revenue from operations grew 26.73 percent year-on-year to Rs 2,873.26 crore in Q3 FY26, compared with Rs 2,267.21 crore in Q3 FY25. On a sequential basis, profitability surged 83.88 percent, while revenue increased 22.47 percent quarter-on-quarter.
During the quarter, the group accounted for an exceptional expense of Rs 16.36 crore, classified as the "Statutory impact of new Labour Codes".
Consolidated Gross Merchandise Value (GMV) reached Rs 5,795 crore, reflecting a 28 percent year-on-year increase and marking a strong operating performance for the company.
"Q3 FY2026 marked a record quarter for Nykaa, with our highest-ever GMV and EBITDA margin, while sustaining our long-term growth trajectory. Over a 13-year journey, Nykaa has evolved into a multi-platform lifestyle business addressing a USD 100 billion+ beauty and fashion opportunity and serving over 52 million customers across One Nykaa. This performance reflects steady execution against our strategic priorities, as we continue to invest in assortment expansion, offline growth, and technology-led discovery, alongside a disciplined focus on efficiency. These foundations position us well for sustained, long-term growth," Falguni Nayar, Executive Chairperson, Founder and CEO of Nykaa, said.
Nykaa’s Beauty vertical delivered its "largest quarter to date", with GMV rising 27 percent year-on-year to Rs 4,302 crore, driven by strong momentum across online channels, physical stores, and its portfolio of owned brands under the House of Nykaa, according to the company.
The cumulative customer base for the Beauty segment crossed 42 million by the third quarter of FY26, representing a 30 percent increase compared to the previous year.
Nykaa Fashion also reported solid growth, with GMV climbing 31 percent year-on-year to Rs 1,476 crore. The vertical’s customer base expanded to over 10 million, up 34 per cent year-on-year.
Overall, One Nykaa’s combined customer base surpassed 52 million, marking a 31 percent annual increase.
Following the earnings announcement, shares of FSN E-Commerce Ventures ended the trading session 2.95 percent higher at Rs 258.25 per share on the BSE.
Food delivery major Swiggy has named Ravi Pratap Singh as its Head of Business Development – Real Estate and Facilities, shortly after his departure from Eternal Limited, the parent company of Zomato and Blinkit, on January 31.
In his new role, Singh will be responsible for building and scaling Swiggy’s physical infrastructure to support its expanding food delivery, quick commerce, and upcoming service verticals. His scope of work includes site identification, lease negotiations, facilities planning, and long-term optimisation of assets across strategic locations.
Singh brings significant experience in building and managing large-format real estate networks for consumer-facing digital platforms. During his tenure at Eternal Limited, he was closely involved in developing and strengthening the physical infrastructure required to support the rapid expansion of Zomato and Blinkit. His work was particularly focused on high-density urban locations, where efficient site planning and scalability are crucial for delivery-led businesses.
At Swiggy, the appointment aligns with the company’s ongoing investments in offline infrastructure to enable faster deliveries, improve operational efficiency, and deepen market penetration. As quick commerce and hyperlocal delivery models gain traction, access to well-located, scalable, and cost-efficient facilities has become increasingly strategic for platform-led companies.
Singh’s ability to align real estate strategy with business growth objectives is expected to support Swiggy’s next phase of expansion, as the company continues to evolve its network across multiple formats and service offerings.
Cantabil Retail India Limited (CRIL), one of India’s leading integrated apparel retailers with a pan-India footprint, has announced its financial results for the quarter and nine-month period ended December 31, 2025. With over three decades of operations, the company designs, manufactures, brands, and retails apparel under the Cantabil brand.
For the nine months ended FY26, Cantabil reported revenue from operations of Rs 599.1 crore, marking a 20 percent increase from Rs 501.3 crore in the corresponding period last year. EBITDA for the same period rose 27 percent to Rs 186.2 crore, compared to Rs 146.4 crore in 9M FY25, with margins expanding to 31.1 percent from 29.2 percent. Profit after tax (PAT) stood at Rs 66.5 crore, up 27 percent year-on-year, while PAT margins improved to 11.1 percent from 10.4 percent.
In the third quarter of FY26, revenue from operations grew 19 percent year-on-year to Rs 264.4 crore, compared to Rs 222.6 crore in Q3 FY25. EBITDA rose 31 percent to Rs 95.2 crore from Rs 72.5 crore, with margins strengthening to 36.0 percent. PAT for the quarter increased 31 percent to Rs 45.1 crore, with margins improving to 17.1 percent.
Vijay Bansal, (Chairman & Managing Director) of Cantabil Retail India Limited said, "We are proud to report another landmark quarter, with profits of Rs 45.1 crores, reflecting the strength of our strategy and the enduring trust of our customers. Our robust 9M FY26 performance—including 20 percent revenue growth, 27 percent PAT growth, and a strong 6.3 percent same-store growth (SSG)—demonstrates the resilience of our business model and the power of our brand. The recent GST rate rationalisation has provided a meaningful boost to consumer sentiment and affordability, further supporting demand across our portfolio. With 646 stores covering 8.82 lakh sq. ft. of retail space, we continue to expand our footprint while deepening customer engagement through differentiated offerings and strong brand equity."
With strong revenue growth, margin expansion, and continued retail footprint expansion, Cantabil Retail India remains well-positioned to sustain its growth momentum and strengthen its leadership in India’s value fashion segment.
Myntra has announced the expansion of its hyper-speed fashion delivery service, M-Now, to four Tier-2 cities—Patna, Jaipur, Lucknow, and Ahmedabad—taking the service’s total footprint to 10 cities across India. With this rollout, Myntra is introducing starting 30-minute deliveries in these markets, tapping into the growing demand for speed-led convenience and premium, trend-first fashion beyond metro cities.
Powered by 87+ dark stores, Myntra is strengthening its delivery infrastructure and assortment depth to bring customers closer to a wide range of international and homegrown brands. Shoppers in the newly added cities now have access to over 500 brands and 10,000+ styles, significantly expanding choice at hyper-speed.
Early traction during pilot launches in select pincodes has been encouraging, with strong demand across categories such as Women’s Western Wear, Women’s Indian Wear, Men’s Casual Wear, innerwear and loungewear for men and women, and Beauty and Personal Care. The momentum peaked during the Diwali period last year, when these cities recorded a 2X surge in orders, highlighting rising appetite for premium lifestyle products delivered at speed.
M-Now’s expansion beyond metros builds on its growing adoption for last-minute, trend-first fashion, beauty, and lifestyle purchases. Myntra currently services 98 percent of India’s serviceable pincodes, with over 70 percent of new customers onboarded in 2025 coming from non-metro markets.
Maneesh Kumar Dubey, Vice President, Category Management, Myntra said, “As fashion-forward shoppers, especially Gen Z, prioritize instant gratification, the demand for immediate fulfillment, from festive wear to everyday essentials, is rising. By delivering trends in minutes, we’re helping brands meet the 'instant' expectations of Gen Z. The expansion into Bharat reflects Myntra’s category-defining approach to hyper-speed fashion delivery, enhancing M-Now’s capability to keep pace with rapidly evolving consumer expectations around speed and convenience. The enthusiastic adoption during our pilot reinforces the significant headroom for growth as we scale M-Now across the country and shape the future of convenience-led fashion shopping in India.”
The expansion further reinforces Myntra’s commitment to democratising access to premium brands and speed-led convenience in India’s emerging markets. As hyper-speed delivery becomes a defining expectation for digital-first shoppers, M-Now is positioned to play a central role in Myntra’s vision of building a nationwide, fashion-first, convenience-led ecosystem, strengthening its presence in India’s evolving e-lifestyle landscape.
The Sleep Company has announced the appointment of Udhaya Shankar M as its new Chief Human Resources Officer (CHRO), as the brand continues to scale its operations and strengthen its leadership team across India.
With extensive experience across human resources leadership, Udhaya brings a strong track record of building and scaling high-performing teams, leading large-scale HR transformations, and crafting people strategies aligned closely with business growth. His expertise spans talent acquisition, employee engagement, capability building, rewards, and HR analytics, with a consistent focus on creating sustainable and people-centric organisations.
Throughout his career, Udhaya has worked closely with business and promoter leadership to redesign organisational structures, optimise costs, and foster inclusive, performance-driven cultures. His approach has emphasised aligning HR strategy with long-term business objectives while enhancing overall employee experience.
Prior to joining The Sleep Company, Udhaya served as Head – HR Operations at Metro Brands Ltd, where he played a pivotal role in strengthening HR practices and standardising people processes across the organisation.
Priyanka Salot, Co-founder, The Sleep Company said, “We are excited to welcome Udhaya into The Sleep Company family. Udhaya is a seasoned HR leader who has successfully spearheaded people practices at a large-scale organisation like Metro Brands Ltd. He has led the HR function through a strong foundation of technology-enabled solutions and well-defined processes. Highly execution-focused, Udhaya brings a deep understanding of the HR ecosystem, which will enable him to transition seamlessly.”
In his new role, Udhaya will lead The Sleep Company’s people and culture agenda, with a focus on strengthening the employer brand, building future-ready talent, and enhancing employee experience across stores, warehouses, and corporate functions.
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Separately, the company announced the appointment of Herjit S. Bhalla as Chief Executive Officer – India Business. His new role will come into force on April 15, 2026.
India for centuries has been the land of the faithful and the religious. And for generations, countless Indians and Westerns turned to faith through neighbourhood temples, priests, and small kiosks tucked into busy streets. But the times have changed.
Tier I cities in India offer just 4–6 sq ft of retail space per person, while Tier II and III markets trail even further at 2–3 sq ft. Grade-A mall space averages barely 0.6 sq ft per capita.-
PVR INOX has entered Hubballi with a seven screen multiplex at Inorbit Mall. The property features the city’s first PXL auditorium and adds 1,386 seats to its network.
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