Britannia Industries' Q4 profit rises

With the launch of its first store in Mumbai, Passion Cuisine, a top F&B business, proudly presents Zaatar W Zeit, a worldwide famous Lebanese urban casual restaurant, to the Indian market. This launch promises to bring authentic and delicious Lebanese flavors to the city. Zaatar W Zeit, founded in Lebanon in 1999, has established itself as a global favorite, renowned for its fresh, flavorful, and accessible Lebanese offerings. 

The brand, whose name translates to "Za'atar and Olive Oil" in Arabic, is celebrated for its iconic za'atar manakeesh, a flatbread topped with a fragrant spice blend, and a diverse menu featuring fresh salads, wraps, and beverages, including vegetarian and vegan options.

Sharing their vision about the brand, Bhupender Nath, Director, Passion Cuisine and Mr. Sushaan Nath, CEO, Passion Cuisine said, "Our search for wholesome, healthy alternatives led us to Zaatar W Zeit in Dubai, where the authenticity and vibrant flavors instantly won us over. For us, it was more than just great food—it was an experience worth sharing. With Zaatar W Zeit, we’re introducing Mumbai to the true taste of Lebanon, showcasing its rich and diverse offerings that go beyond the familiar & it is our way of bringing the flavors we love to this city." The Mumbai outlet will offer diners a taste of Zaatar W Zeit's authentic Lebanese preparations, showcasing the variety of Lebanese cuisine beyond the familiar hummus and falafel. 

Chef Sarfaraz Ahmed, Corporate Chef, Passion F&B India, adds, “In India, Lebanese cuisine is often limited to familiar dishes like shawarma, pita, and hummus. However, Zaatar W Zeit aims to showcase the true depth of authentic Lebanese flavors. To achieve this, spices are sourced directly from Lebanon, and while often perceived as mild compared to Indian cuisine, Lebanese food is rich in fresh vegetables, handmade bread, and wholesome ingredients."

One can expect to enjoy traditional manakeesh varieties like Zaatar, Jebneh, and Lahmeh bi Ajjine, global favorites like Famous Chicken, Spizy Chicken, and Classic Chicken Shawarma, and vegetarian options like Brown Baked Falafel and Light Halloumi wraps. The menu also features hearty skillets, fresh salads, and indulgent desserts including Z Knefeh, Chocolate Lava cake, Nutella & Banana manakeesh and more.   

“Shawarma may be everywhere, but Lebanese cuisine is more than that & Zaatar W Zeit is here to offer an experience that redefines how Mumbai enjoys Lebanese food,” added Chef Sarfaraz Ahmed.

Passion Cuisine has helped Zaatar W Zeit into the Indian market given its vast experience and thorough knowledge of the Indian culinary landscape. The group owns several successful restaurants in the UAE and India, including Avatara, Trèsind, Carnival by Trèsind, Tresind Studio, and Maison De Curry. This expansion into India is part of Zaatar W Zeit's broader global growth strategy, which has seen the brand establish a strong presence in locations as far as Vancouver, Canada. Currently, Zaatar W Zeit operates 26 branches in Lebanon and approximately 70 across the rest of the region, solidifying its position as a leading international food chain.

 Indian multinational snacks and sweets company Haldiram Snacks Food (Haldirams) has reached a deal with Singapore-based worldwide investment firm Temasek to sell an equity position owned by current shareholders, as reported by PWC. While the release did not state the exact stake sold, that Haldirams has signed an agreement to sell a little fewer than 10 per cent valuing the company at $10 billion.

“This transaction Haldirams to continue its ambitious expansion plans both in India and internationally, solidifying its presence in an increasingly competitive market,” the release stated. Sources say the business will spend the money on growth; the promoters might not keep any of the profits. Haldirams is also in advanced-stage talks to sell another 5–6 per cent stake for around $500 million.

PwC’s investment banking team acted as the exclusive financial advisor to the transaction, while Khaitan & Co served as the legal advisor. The deal is expected to close shortly after receiving the required regulatory approvals.

On behalf of the Haldirams group, a spokesperson said in the release: “We are thrilled to welcome Temasek as an investor and partner in Haldirams. We look forward to working with them to harness the value they bring from their experience in the consumer space to accelerate our growth and strengthen our ability to meet evolving consumer demands. We also extend our gratitude to PwC and Khaitan & Co for their dedicated support during this transaction.”

Sanjeev Krishan, chairperson, PwC in India, said, “At PwC, we take pride in being catalysts of entrepreneurial success—helping businesses transform into global giants. Our decade-long collaboration with Haldirams exemplifies this commitment.”

Krishan added, “Over the years, we have advised them on various aspects of strategic planning and decision making. This transaction is not only the largest private equity consumer deal in India, but also a reflection of domestic businesses that continue to elevate India’s positioning on the global stage. We thank the Haldirams family for trusting us and giving us this opportunity.”

Gonzo is extending its explosive energy to The Boulevard at Magnum Global Park, Gurgaon, after conquering hearts at Priya High Street, Vasant Vihar. This time, the venue is ten times larger, drawing inspiration from the legendary Dr. Gonzo from Fear and Loathing in Las Vegas, this Asian Tapas Bar pays homage to the character's unbridled mayhem. 

Complete with colorful LED signage, a rough industrial look, and an irresistible vintage poster mural, the area exudes the raw, high-energy charm of Thai Walking Street Bars. The area is brought to life after dark by the striking red neons, while the mood is formed by the moody greys.

With a tall warehouse-style painting covered in old Japanese posters, the first zone pays homage to pop culture while reflecting Gonzo Vasant Vihar's gritty, neon-lit spirit. A floating LED strip that lights up the entire area and sparkling red tiles create a subtle, modern glow in the second zone, which is a sleek, elevated sanctuary. Both a live cocktail bar and an Omakese bar are available.

Incorporating an irresistible cocktail culture, Gonzo is serving alcohol for the first time ever. Every bite is a new discovery thanks to Chef Anubhav Nayar's menu, which is inspired by Asian street food and reimagines classics with unexpected components. Hamachi & Grapefruit Ceviche, Moo Ping Pork Skewers, Korean Lamb Chops, Miso Butter Garlic Prawns, Sweet Potato and Cheese Gyoza, and the fieryA floating LED strip that lights up the entire area and sparkling red tiles create a subtle, modern glow in the second zone, which is a sleek, elevated sanctuary. Live cocktail bar and an Omakese bar are available.

Gonzo has partnered with Project Sweet Dish's Chef Devika Kumari to offer mouthwatering gourmet dishes with an Asian flair. For example, try the Shibuya Honey Butter Toast topped with Soju Sakura Ice Cream and Black Sesame Tuile and the Chilli Chocolate Tart with Vanilla Ganache.

The "Liquid Narrative" cocktail menu at Gonzo Gurgaon's recently opened bar, which captures the spirit of Asia's most vibrant cities in a glass, is what really makes the restaurant stand out. Every drink tells a tale, from the fiery Oriental Picante, a tequila cocktail with gochujang, rice vinegar, and soy sauce, to the umami-packed Miso Mushroom, a rum-based blend of mushroom, white miso, and citrus honey.

Speaking on the expansion, Sushobhit Sehgal, Founder of Gonzo, said, “Our aim with Gonzo Gurgaon since the start has been to level up the experience and environment we’ve created at Gonzo Vasant Vihar. We hit the jackpot with our crowd-favourite selections at Gonzo VV; with Gurgaon, we are putting our authentic culinary creativity forward to curate a unique dine-in experience like never before.”

Burger King India, one of the fastest-growing Quick Service Restaurant (QSR) chains in the nation, has reached 500+ locations nationwide. This accomplishment highlights the brand's quick growth, dedication to innovation, and unwavering focus on customer happiness. With big ambitions for the future, Burger King India is poised to grow and reach millions more people nationwide with its distinctive flavors, reasonable prices, and technologically advanced dining experiences.

Since its November 2014 launch, Burger King India has expanded to 119 cities, redefining the QSR scene by skillfully fusing local flavors with international standards. Modern technology innovations are used in the restaurants, where table ordering and self-ordering kiosks (SOK) help cut down on ordering times. 

By launching regionally inspired flavors like the Chicken Tandoori, Chicken Makhani, and Paneer Royale Burgers, Burger King India has continuously catered to Indian palates. Burger King has long espoused Value Leadership and a commitment to providing Indians with a delicious menu that suits their palates and budgets. The company has introduced some of the most affordable menu items in the market, with special offers on its app that further solidify its dedication to providing high-quality food at outstanding value. Deals start at ₹79 for two Crispy Veg Burgers and ₹99 for a 3-in-1 Crispy Veg meal that includes Burger, Fries, and Coke.

Burger King is dedicated to providing exceptional coffee experiences, as seen by the launch of BK Café in November 2021 and the company's present 450+ outlets nationwide. With its special in-house mix of 100% Arabica beans, which adds notes of citrus, caramel, and peanuts, the coffee has a well-balanced flavor that customers adore. Every cup of coffee at BK Café is a "Sip To Remember" thanks to the food pairings that go with it.

Rajeev Varman, Group CEO and Whole Time Director - Restaurant Brands Asia Limited, shared his thoughts on the milestone, "Crossing 500 restaurants are a defining moment in Burger King India’s journey. This achievement is a reflection of our commitment to accessibility, innovation, and guest satisfaction. As we continue our expansion, especially in Tier-II and Tier-III cities, our focus remains on delivering great value, India relevant innovations and tastes, and an elevated guest dining experience in our restaurants. Our growth is driven by deep consumer insights, cutting-edge technology, and an unwavering passion for quality service."

Burger King India continues to lead the way in tech-enabled dining, ensuring a seamless and engaging guest experience:
•    450+ restaurants now feature digital kiosks, reducing wait times by 50%.

•    Creative marketing initiatives, such as documenting live IPL events. Campaigns powered by AI, such as the Dhamakedaar Diwali campaign "BurgerKingSwaadKaPatakha," which produced highly customized interactions, and Ringing in the New Year's "Coffee Fortunes" campaign, which uses AI to let guests discover their fortune for 2025 through coffee foam patterns, combine traditional customs with contemporary technology to create an entertaining and captivating experience.

•    The Burger King app, with 1 million+ active users, offers exclusive offers and seamless ordering.

Burger King India’s strong franchise network and a guest-first approach have powered its rapid expansion, adding 60+ new restaurants in the past year alone. With recent openings in Raipur, Thrissur, and other emerging cities, the brand is accelerating its footprint beyond metropolitan areas, making world-class burgers more accessible than ever.

IndoBevs, India’s emerging powerhouse in the beverage industry has announced Wingman Blended Malt whisky, a bold, smooth, and dependable whisky crafted from finest Scottish malts and featuring a‘Pop & Pour’ closure. 

Customers can easily pour from Wingman's bottle by twisting it open, pouring, and then twisting it back to close it—no caps, no bother. Party spills and misplaced caps are history thanks to this ground-breaking invention, which is priced at ₹1000.

Wingman Whisky has a smooth yet robust taste and is made from a blend of quality grain spirits and a few Speyside Scottish single malts. Wingman is the perfect companion—strong, dependable, and always prepared—whether they are shared over in-depth discussions or relaxed get-togethers.
Following its March 2025 premiere in Uttar Pradesh, Wingman will soon expand throughout Goa, Maharashtra, Meghalaya, Madhya Pradesh, and Tripura before becoming available nationwide.

Geetika Mahandru, President, IndoBevs, said, “Wingman Whisky redefines what a homegrown whisky can achieve. It is for young whisky drinkers who are curious to explore. If you are looking for a whisky that doesn’t feel intimidating — something that’s bold yet easy-going, perfect for casual get-togethers or meaningful conversations, then you’ve found your perfect companion. With our innovative ‘Pop & Pour’ closure, we’re making whisky more convenient than ever—no need to fumble with caps.”

Anupam Gurani, Chief Marketing Officer, IndoBevs added, “Embodying the tagline, “When the going gets tough, Wingman gets you going,” this whisky is designed to be your steadfast companion in any situation. With every pour, it lifts you up – like a true wingman. We are truly excited to introduce this whisky to our consumers as it will definitely become their go-to drink.”

With Wingman, IndoBevs continues to pioneer innovations that elevate drinking experiences, setting new benchmarks in the whisky segment.

In a world where history influences experience and flavors tell tales, Silk & Spice is a celebration of the daring spirit of travel and learning. This remarkable wine, which was inspired by the fabled Silk & Spice Route, which was established by Portuguese explorers such as Vasco Da Gama in 1498, represents the bravery, curiosity, and aspiration that United Nations and cultures. A voyage through time, it is more than just a wine; it offers a sensory experience that embodies the depth of Portuguese native grapes, where warm, spicy scents blend with silky textures. 

Silk & Spice Red Blend 2022 and Silk & Spice Spice Road Red 2021, two outstanding new additions inspired by the storied Silk & Spice Route have been unveiled. Each of them is designed to embody the rich legacy, robust flavors, and spirit of adventure.

Silk & Spice – Red Blend 
With its silky-smooth, well-balanced, and hospitable profile, the Silk & Spice Red Blend is a superbly made wine that perfectly captures Portugal's rich terroir. Soft, round, and full-bodied, this collection's first wine captures the coziness of Portuguese winemaking.

Silk & Spice – Spice Road 
With its silky-smooth, well-balanced, and hospitable profile, the Silk & Spice Red Blend is a superbly made wine that perfectly captures Portugal's rich terroir. Soft, round, and full-bodied, this collection's first wine captures the coziness of Portuguese winemaking.

 “At Aspri Spirits, we have always believed in curating exceptional experiences for the Indian consumer by introducing world-class beverages with rich heritage and craftsmanship. Silk & Spice wines beautifully showcase Portugal’s remarkable winemaking tradition, inviting consumers to embark on a sensory adventure inspired by the legendary Silk & Spice Route. Sogrape’s approach to crafting consumer-friendly wines has already seen great success with Indian palates, and we hope Silk & Spice, with its unique profiles of the Red Blend and Spice Road, will win Indian hearts in the same way, offering a perfect balance of tradition, flavor, and discovery,” shares João Gomes da Silva – Chief Commercial Officer at Sogrape Group.

Silk & Spice was first introduced in 2016 and rapidly became a tremendous success and #1 Portuguese Red Blend in the US market. Over the past decade, Silk & Spice has gained a cult following, consistently growing ahead of category trends. With a global presence in key markets like the USA, Canada, Africa, Benelux, and Brazil, the brand recently secured a listing at Waitrose in the UK, marking a significant milestone in its expansion. Now, with its highly anticipated launch in India, Aspri Spirits is set to introduce this richly historic and flavorful wine to the country’s discerning consumers. 

With a strategic focus on distribution expansion, brand awareness, and consumer engagement, Aspri Spirits aims to position Silk & Spice as a household name in India. The wines will be available at premium wine retailers, fine-dining establishments, and luxury hotels across major cities, offering consumers a taste of history, craftsmanship, and adventure in every sip. 

As a milestone for the company's growth story, Scuzo Ice 'O' Magic, India's rapidly growing gelato and live-popsicle business has opened its three new outlets in Lucknow. The opening in these new locations allows Scuzo to further share its vision of the ideal fusion of enjoyment and wellness, revolutionizing the frozen dessert industry with its ground-breaking live popsicles and hand-scooped delicacies.

These outlets are positioned at Ashiyana (Sector K), Gol Market in Mahanagar and Lulu Mall Food Court, making the brand accessible to dessert enthusiasts all over the city. My Scuzo International Pvt. Ltd. opened these outlets in partnership with Mohsin Raza Khan, Franchise Unit Partner.

With the ability to create their own popsicle in only a few minutes using fresh fruits of their choosing, guests at Scuzo Ice 'O' Magic have a unique experience. The menu offers a variety of delicious delicacies in addition to popsicles, including homemade gelatos, light and crisp waffles, fluffy pancakes, rich dessert cakes, creamy milkshakes, and delicious sundaes. Its promise of healthy enjoyment is upheld by the fact that all of its products are created entirely of real fruits and premium ingredients devoid of preservatives and chemicals.

"Lucknow has given us a warm welcome, and we are looking forward to introducing our signature products to these three new outlets. Our commitment to quality and innovation continues unabated as we continue to serve the city's dessert enthusiasts," said Gagan Anand, Founder, Scuzo Ice 'O' Magic.

Scuzo Ice 'O' Magic maintains its commitment to the environment by including eco-friendly elements into its product line, which includes inventive rice straw candies with flavors. Scuzo is committed to creating goods that are both aesthetically pleasing and contribute to a better world.

"We look forward to opening new stores in Lucknow and eagerly await bringing a unique dessert experience to more people. Our endeavor is to bring innovative flavors, creativity, and happiness to all our customers walking into our stores," said Mohsin Raza Khan, Franchise Unit Partner, Scuzo Ice 'O' Magic. 

Despite the weakening local equities market, shares of Coffee Day Enterprises Ltd. (CDEL), the parent company of Coffee Day restaurants, rose 20% on the BSE and NSE on Tuesday for the second consecutive day.  On the BSE and NSE, its prices have gone up to Rs 30.78 and Rs 30.63 each, which is also its upper circuit limit.  The price increase follows the National Company Law Appellate Tribunal's decision to revoke the company's insolvency procedures.

The NCLAT had halted CDEL's insolvency proceedings on February 27.  An earlier ruling of the National Company Law Tribunal's (NCLT) Bengaluru bench was overturned by the Chennai NCLAT bench.  Since the appeal body NCLAT was unable to provide the order by the February 21 date set by the Supreme Court, insolvency proceedings against CDEL were reopened in February. 

IDBI Trusteeship Services Ltd. (IDBITSL) filed a plea alleging a default of Rs 228.45 crore, which the NCLT accepted earlier in August of last year. An interim resolution expert was then appointed to oversee the operations of the indebted business. The suspended board quickly appealed the decision to the NCLAT, an appellate panel that halted CDEL's insolvency procedures on August 14, 2024.

 The Supreme Court heard an appeal of this NCLAT ruling from IDBITSL, and on January 31, 2025, ordered the NCLAT Chennai court to decide the case by February 21, 2025.  Additionally, the supreme court ordered that the appellate tribunal's judgment stay the corporate insolvency if the appeal filed by CDEL is not resolved by NCLAT.

Though, NCLAT completed the hearing and reserved its order over the appeal filed by the director of its suspended board, it could not pass the order within the specified time fixed by the Supreme Court.

Mad Over Donuts has launched 'The Dubai Viral Chocolate Donut', a rich and luscious confection prepared only in-store and upon request. A delicious pistachio kunafa paste inside, a smooth chocolate glaze, and pistachio flakes on top give this delicious donut an addictive crunch with each bite.

Mad Over Donuts was established in 2008 and has since expanded from a single location in New Delhi to more than 150 locations around India. The brand has established a space for itself in the cutthroat donut market by emphasizing premium ingredients and creative flavors. It now serves over 10 million customers and is well-known for its high-quality, vegetarian donuts. The Dubai Viral Chocolate Donut is available for a limited time only. 

Tarak Bhattacharya, Executive Director & CEO of Mad Over Donuts, shares his enthusiasm: “At Mad Over Donuts, we’re all about exploring new flavors and creating experiences that bring people together. We wanted to bring the excitement of Dubai’s viral chocolate experience to our customers in a way only MOD can. This donut is a celebration of rich flavors and textures—crafted fresh, made to order, and available exclusively in our stores.”

With the opening of its first international restaurant in Dubai, Haldiram's, the leading snacking brand in India, is all set to satisfy the cravings in United Arab Emirates. As demand for the brand grows internationally, it is extending its reach and bringing its rich Indian heritage to the global arena. The contemporary dine-in and quick-service restaurant (QSR) experience, which launched for Dubai customers on February 24, 2025, at Manazil Al Raffa, Bur Dubai, is renowned for its genuine Indian flavors and unmatched quality.

Haldirams is dedicated to providing the best culinary experiences and is aware of its consumers' needs. A specially curated menu with hand-picked Indian recipes, the new restaurant can accommodate 110 people. Its menu includes North and South Indian cuisine, chaat favorites like Raj Kachori, Indian snacks like Choley Bhature, and a variety of sweets like Motichoor Ladoo, Kesar Rasmalai, and Kaju Katli. For a more comfortable dining experience, the shop now offers Table Service to improve customer convenience.

Speaking on the launch of the all-new restaurant, Pankaj Agarwal, Director and Owner of Haldiram’s, said, “Dubai is a booming hub of culinary diversity, and we are elated to launch our first international outlet in this iconic destination. With a rich legacy of bringing authentic Indian flavours to people, we aim to be in a space where customers can expect Indian cuisine just the way they like it with unmatched hospitality. This is just the beginning of our expansion journey, and we look forward to bringing Haldiram’s to more international locations shortly.”

Kailash Agarwal, President - Retail & QSR, Haldiram’s, added, “We are excited to enter the Dubai market with our unique Restaurant that has a strategic blend of dine-in and quick-service restaurant formats to reach our audience in Dubai. Dubai is a melting pot of global cultures which is deeply seen through the diversity in food and is the perfect stage for us to showcase the richness of Indian cuisine to the global audience.”

Haldiram's status as a global ambassador of Indian cuisine has been cemented with the opening of this flagship overseas location, marking an important milestone. The brand is staying true to its core—FOOD—and delivering the flavors that customers love on a global scale with its UAE expansion, further redefining how Indian food is enjoyed around the world.

Si Nonna's, India's first sourdough pizza chain, has grown to over 22 outlets in seven cities in just two years, cementing its position as a leader in the Neapolitan Sourdough Pizza Segment. In 2022, the brand began as a single location in Lower Parel, Mumbai, but it has since expanded quickly, changing the way Indian customers eat sourdough pizza. Due to the growing demand for authentic Neapolitan sourdough pizzas, Si Nonna's, which has a significant presence in Mumbai, Pune, Bangalore, Surat, Delhi, Indore, and now Ahmedabad, is expanding at an unprecedented rate.

With six locations in Mumbai (Kamala Mills, Jio World Plaza, Phoenix Marketcity Kurla, Fun Republic, Inorbit Mall Vashi, R City Mall Ghatkopar), seven in Pune (FC Road, Phoenix Mall of the Millennium Wakad, Tribeca Highstreet NIBM, Mariplex Mall Kalyani Nagar, Solitaire Business Park Baner, Westend Centre Aundh, Nyati Plaza), four in Bangalore (JP Nagar, St. Marks Road, Evantha Praha, Koramangala, Brigade Cornerstone Utopia), two in Surat (IBC Piplod, VIP Road), and new locations in Delhi's DLF Avenue, Indore's Phoenix Citadel Mall, and close to Iskon Temple in Ahmedabad.

“Our vision has always been to bring an authentic Neapolitan sourdough pizza experience to India,” said Ayush Jatia, Founder of Si Nonna’s. “The response has been phenomenal, and our expansion is a reflection of the love and trust our customers have shown us. We are committed to maintaining the highest standards of quality while continuing to grow in key markets across the country.”

Ayush adds, “As we scale, our priority remains unchanged delivering an authentic, high-quality experience. We are excited about the road ahead and look forward to bringing Si Nonna’s to even more cities, creating a national footprint in the premium pizza space.”

Si Nonna's is preparing for its next stage of growth with intentions to enter more emerging markets and major cities. With an emphasis on preserving product quality, improving customer experience, and entering new regional markets, the company hopes to increase the number of its stores in the next years. A well-rounded dining experience is offered by the brand's wide menu, which includes salads, appetizers, panuozzos, drinks, and desserts in addition to pizzas. In keeping with its longstanding love of Neapolitan pizza culture, the company also offers participatory pizza workshops, which further solidifies its status as a community-driven destination.

Tilaknagar Industries Limited (TI), a leading manufacturer of Indian-Made Foreign Liquor has reported a 23.2% year-over-year increase in profit after tax (PAT) at 54 crores (excluding extraordinary items) for the quarter that ended on December 31, 2024. A year ago, the company's net profit for the same period was 44 crores.

At 60 crore, Tilaknagar Industries' profits before interest, tax, depreciation, and amortization (EBITDA) has represented a 17.4% increase over the same quarter of the prior fiscal year. The company, which produces Mansion House, the biggest and second best-selling brandy in India and the world, increased its EBITDA margin by 408 basis points, from 13.6 percent to 17.7 percent.

The company's net revenue from operations for the quarter that ended on December 31, 2024, was 340 crores, compared to 377 crores during the same time last year. The state of Andhra Pradesh, a significant market for IMFL brands, saw changes in pricing and distribution policies, which led to a minor decline in net revenue from operations. 

Tilaknagar Industries' PAT (excluding extraordinary items) climbed by 50.1% to 152 crores for the nine-month period ending December 31, 2024, from 101 crore for the same period the year before.

Amit Dahanukar, Chairman & Managing Director mentions, “Despite the policy transition in Andhra Pradesh, which is one of our key markets, the company achieved a year-on-year PAT growth of 23 per cent. The transition is more or less behind us, and we expect to continue our growth trajectory in the state and other major markets. In Q3 FY25, we achieved the highest-ever sales volumes in Karnataka and continued to grow market share in Telangana, Kerala and Puducherry.”

“We will now look to further penetrate within these segments with Samsara Gin being the next play through our royalty arrangement with Spaceman Spirits Lab Pvt Ltd," Dahanukar added. 

With the launch of Monarch Legacy Edition Brandy, the company has ventured into the luxury, artisan, and premium spirits markets. Trade and consumers alike are responding well to Monarch, which is made from a careful blending of French and Indian grape spirits that have been aged for up to eight years. 

Compared to the same period last year, the company's primary volumes increased by 2.3% to 30.1 lakh cases in the quarter that ended on December 31, 2024, while secondary volumes increased by 9.2%.

Chief Financial Officer Rahul Bothra has revealed that Swiggy, online food delivery platform has processed around 1 billion orders annually across all of its customer services.

In the three months that ended in September 2024, the Bengaluru-based firm recorded 230 million orders. Of them, 68 million came from Instamart, Swiggy's rapid commerce division. In Delhi, Bothra was giving a speech at the yearly edtech summit hosted by Arizona State University, GSV Ventures, and Emeritus.

“For us, it (going public) was an eventually the decision was taken on the basis of timing, for which various (things) that had to align. The foremost one was the maturity of the business model,” he said in a conversation with Emeritus founder and CEO Ashwin Damera about the company’s initial public offering (IPO) journey.

“In terms of scale, we’re run rating close to a billion orders on a yearly basis and we have around 500,000 delivery partners who are with us on a direct basis,” he added.

Additionally, he noted that the annualized gross order value (GOV) of the rapid commerce sector had risen to $8 billion. According to its October-December figures, Zomato-owned Blinkit, the biggest player in quick commerce, reported an annualized GOV of about $3.5 billion. Meanwhile, Aadit Palicha, the CEO and cofounder of Zepto, which is backed by General Catalyst, stated last month that the company recorded an annualized GOV of $3 billion in January.

According to Instamart, Swiggy's most recent figures, which are based on its September-quarter revenues, showed an annualized GOV of about $1.6 billion.

During the period, the company reported operating revenue of Rs 3,601 crore, a 30% YoY gain mainly due to Instamart's expansion. In the second quarter of this fiscal year, the company's net loss only slightly decreased to Rs 625 crore, but it stated that it anticipates becoming operationally profitable at the group level by October to December 2025, mostly due to increased profitability in its meal delivery business.

Allied Blenders and Distillers Limited (ABD), the third-largest spirits company in India has released its third-quarter fiscal year 2025 financial results. The company has generated a total revenue of ₹2,346 crore.  The EBITDA increased by 94.7% from ₹62 crore in Q3FY24 and by 14% to ₹120 crore from ₹105 crore in Q2FY25. 

The profitable state brand mix and cost optimization efforts were the main drivers of the good EBITDA performance.

Overall, the company delivered 8.9 mn cases in Q3FY25, a growth of 7.1% vs 8.3 mn cases in Q2FY25 and a growth of 11.3% vs 8 mn cases in Q3FY24.The growth was led by the premiumization of the portfolio with a continued increase in Prestige & Above (P&A) volume salience to 42.0% in Q3FY25 as compared to 39.7% in Q2FY25 and 40.9% in Q3FY24.The P&A value salience also increased to 52.1% in Q3FY25 as compared to 49.0% in Q2FY25 and broadly in line with 52.3% in Q3FY24.
 
The company has earned Income from Operations at ₹977crore in Q3FY25 which was higher by 12.4% vs ₹870crore in Q2FY25 and higher by 8.9% vs ₹897 crore in Q3FY24. While the Profit After Tax (PAT) at ₹57 crore grew by 20.8% as compared to ₹48 crore in Q2FY25.The robust performance in PAT was led by strong EBITDA growth.

Commenting on the results, Alok Gupta, Managing Director of Allied Blenders and Distillers Limited, stated, "We are delighted to report the second consecutive quarter of strong performance post-IPO. The performance was driven by strong volume growth in the Prestige & Above category, continuous sharp focus on high-yielding markets and managing input costs effectively. Our strategic initiatives for luxury portfolio expansion, supply chain security, and margin expansion are on track. This overall performance validates both our adopted strategy and its execution. On this foundation, we remain optimistic and committed to enhancing our offerings and meeting the evolving needs of our consumers with innovative and distinctive products in the coming quarters."

With the official launch of Arthaus Blended Malt Scotch Whisky on November 24, ABD made its debut in the premium spirits industry. It was first introduced in Maharashtra and is now available in West Bengal, Goa, and Haryana, three important markets. Following a successful introduction in Goa, Rajasthan, Maharashtra, and Haryana, ABD has extended Zoya's reach to Chandigarh and West Bengal. Additionally, two new varieties of gin, i.e. watermelon and espresso coffee were introduced in Maharashtra in January 2025.

ICONiQ White, the fastest-growing spirits brand in the world for 2023, was introduced in Q3FY25 in the important markets of Karnataka and Andhra Pradesh, bringing its total market share to 23 states and union territories. Presently, the brand's yearly run-rate is 4.5–5 million cases, or twice FY24's volumes.

ABD's export markets have grown from 14 countries in FY24 to 22 nations this year, with a growing presence in Africa's high-growth markets. In Q3FY25, our first premium product, Zoya gin, will be introduced in the United Arab Emirates. Our newest millionaire brand, ICONiQ White, has already been introduced in three countries. Additionally, ABD has obtained authorization to export its goods to the United States.

India's restaurant industry is showing consistent recovery and growth, with December witnessing a significant increase in activity, according to a report by Macquarie Equity Research. The sector's progress is supported by rising discretionary spending, changing demographics, and greater female workforce participation. Higher per capita incomes, smaller household sizes, and a declining dependency ratio have created a favorable environment for sustained growth in the hospitality and retail sectors.  

The report highlights that value-driven offerings and cost management have contributed to stabilizing same-store sales growth (SSSg) and improving profitability across the restaurant industry.  

International brands are outperforming regional players due to their broader market appeal and strategic operations in lower-rent areas, which enhance their unit economics. This advantage is particularly evident in high-rent retail zones such as high streets. Macquarie anticipates further industry support through the upcoming Union Budget, with possible personal income tax cuts for lower- and middle-income groups. Such measures could increase discretionary spending and accelerate SSSg recovery for restaurant brands.  

The report emphasizes the need for brands to balance expansion with operational efficiency while limiting the impact of new store openings on profit margins. International brands are well-positioned for sustainable growth, with the ability to expand into underpenetrated markets, adjust pricing to offset input costs, and maintain customer loyalty.  

Overall, India’s restaurant industry is poised for continued growth, driven by favorable economic conditions and evolving consumer behavior in both hospitality and retail sectors.

Blue Tokai Coffee Roasters has achieved Rs 400 crore in Annual Recurring Revenue (ARR), marking a significant milestone in India’s specialty coffee and retail industry. This growth reflects the company’s expanding footprint and operational efficiency in a rapidly evolving market.  

Over the past three years, Blue Tokai has steadily grown its revenue, focusing on quality and customer satisfaction. In the last 18 months, the brand expanded its retail operations by opening 70 new stores across eight cities. This strategic expansion has increased its nationwide visibility and accessibility to premium coffee products.  

Despite industry challenges in attracting customers to physical stores, Blue Tokai recorded steady double-digit growth in same-store sales, driven by improved customer engagement and in-store experiences. The company’s focus on operational efficiency has led to positive monthly EBITDA, demonstrating effective cost management alongside scalable growth.  

Diversifying beyond its cafes, Blue Tokai has grown its product portfolio to include artisanal coffee blends, ready-to-drink beverages, and products from Suchali’s Artisan Bakery. Its packaged goods segment continues to show consistent month-on-month growth, strengthening its position in India’s retail market.  

In support of its growth, Blue Tokai has hired 800 new employees over the past 12–14 months to ensure efficient operations and improved customer service. Since its founding in 2013, the company has maintained a direct sourcing model from Indian coffee farmers, promoting a transparent supply chain and sustainable practices.  

Looking ahead, Blue Tokai plans to launch Experience Centers to offer customers an immersive view into Indian coffee production—from farm to cup—highlighting the craft and heritage behind the brand.  

Matt Chitharanjan, CEO of Blue Tokai said, “We are deeply grateful to our customers for their unwavering trust and to our team for their incredible dedication. Achieving Rs 400 crore ARR is not just a milestone but a testament to our shared journey. This will spur us on to keep innovating and usher more people into the vibrant world of specialty Indian coffee—its stories, heritage, and flavours.”  

The company aims to open 80–90 outlets annually over the next three years, with a target of reaching Rs 1,000 crore in revenue and achieving a double-digit EBITDA contribution within that period.  

Blue Tokai’s growth reflects the increasing demand for specialty coffee in India and the brand’s commitment to making high-quality Indian coffee a significant player in the global market.

SGF India, a leading vegetarian restaurant chain opens new outlets in six strategic areas, continuing its impressive development trajectory. 

The new locations will further solidify SGF's position throughout India by opening in Shakti Nagar, Amritsar, Bhopal, Muzaffarnagar, and Conscient One in Gurgaon.

SGF's Sainik Vihar location, which has already established itself as a favorite among foodies, opened successfully. With its inventive soy-based chaaps, tandoori treats, and authentic North Indian cuisine, SGF, which was founded in 2012 by visionary businessman Kewal Ashwani Ahuja, has completely changed vegetarian dining.

Commenting on the same, Kewal Ashwani Ahuja, Founder & CEO of SGF India said, “As we expand to these vibrant locations, our mission remains the same delivering a unique, nutritious, and flavor-packed dining experience. This milestone brings us closer to our vision of making vegetarian dining a celebrated lifestyle across India.”

The brand is targeting to have 200 outlets by 2025. Every new location will have SGF's famous live tandoor counters, freshly made food and a lively atmosphere with informative graffiti highlighting the advantages of eating soy-based food.

Fast-food chain Wow! Momo has secured Rs 70 crore (around $9 million) in an expanded Series D funding round from Z3 Partners.

With this latest infusion, the company has amassed Rs 480 crore ($51 million) in its Series D funding, comprising Rs 270 crore in primary funding and Rs 210 crore in secondary funding.

According to a report from the media, Indian Angel Network and Lighthouse Funds took part in the secondary acquisition.

In January this year, Wow! Momo secured Rs 350 crore (roughly $42 million) in the initial installment of its Series D funding, spearheaded by Khazanah Nasional Berhad.

 According to startup data intelligence platform TheKredible, the company was valued at more than $300 million.

According to the company, the fresh funds will be allocated towards advancing and expanding the quick-service restaurant brand, enhancing distribution channels, and investing in research and development for its FMCG division.

Wow! Momo ventured into the FMCG sector in July 2021.

Founded by Sagar Daryani and Binod Homagai, the 16-year-old Wow! Momo Foods manages three quick-service restaurant (QSR) brands—Wow Momo, Wow China, and Wow Chicken.

The company asserts a presence of 630 outlets spanning across 38 cities and maintains a direct workforce of 6,000 individuals.

During the current fiscal year (FY25), the company plans to broaden its reach by adding another 200 outlets.

Wow! Momo targets achieving a revenue range of Rs 650-700 crore in the current fiscal year (FY24), compared to Rs 435 crore in FY23.

Although the company has not yet submitted its financial statements for FY23, its operational revenue surged twofold to Rs 220 crore in FY22 from Rs 106 crore in FY21.

Blr Brewing Co. has joined hands with the pet care brand, Heads Up For Tails, to introduce 'Barks & Brews' in celebration of National Pet Day.

This event combines bites for humans, special treats for pets, and interactive activities.

This fusion of culinary delights and pet-friendly entertainment ensures a day filled with flavor and vibrant experiences.

Crafted by culinary experts, dishes like the Butter Garlic Prawns and the creamy Thai Green Curry, complemented by the Pull Me Up Tiramisu dessert paired with flavorful cocktails inspired by various states of India, such as sweet Gin-based Ooty, the coffee-infused Chikmagalur paying homage to the birthplace of Indian Coffee, and the Kollam that transports you to the Malabar Coast.

BLR Brewing Co. serves as proof of the ever-changing craft beer scene, demonstrating that innovation has limitless possibilities.

SGF India (Spice Grill Flame) has recently declared its acquisition of Mom's Kitchen, a renowned Chandigarh-based food chain recognized for its genuine home-cooked tastes and welcoming atmosphere in Indian cuisine.

This strategic takeover marks a fresh phase in the trajectories of both establishments, merging their skills to offer unparalleled culinary journeys.

The brand has achieve the mark of setting up more than 100 outlets nationwide stands as proof of the dedication demonstrated by SGF India and Mom’s Kitchen.

SGF acquired Mom's Kitchen for its dedication to offering nutritious, tasty home-cooked meals tailored to individuals residing away from their homes, such as students and working professionals.

This acquisition has broadened the accessibility of Mom's Kitchen's flavors by leveraging SGF India's network for strategic outlet expansion.

Additionally, it has facilitated the introduction of new marketing strategies, leading to a rise in foot traffic, customer interaction, and revenue generation, showcasing their mutual commitment to delivering outstanding culinary experiences.

"We are thrilled to embark on this exciting journey with Mom's Kitchen, as we share a mutual dedication to providing unparalleled culinary experiences. Our partnership underscores the transformative power of collaboration in the culinary realm. Surpassing the milestone of 100+ outlets is a testament to our unwavering commitment to excellence. Together, we are poised for continued success, driven by innovation and a shared passion for gastronomy". said Kewal Ashwini Ahuja, Founder of SGF India (Spice Grill Flame).

 Moving forward, Mom's Kitchen and SGF India have mapped out extensive plans for growth, encompassing intelligent location choices, the evolution of franchise models, menu enhancements, digital presence, and strategic partnerships.

Established in 2017 by Mr. Mahesh Chopra, Mom's Kitchen specializes in offering wholesome meals, addressing a significant gap in the market.

With more than 20 outlets across the country, Mom's Kitchen's focus on delivering nutritious homemade dishes has resonated with diverse customer segments, rendering it a valuable asset within SGF's collection.

Krispy Kreme said its donuts would be available across McDonald's U.S. restaurants by the end of 2026 as the companies expand a pilot project, sending its shares surging 23% on Tuesday.

The companies were testing the program in 160 McDonald's restaurants in the Lexington and Louisville, Kentucky areas as part of the partnership that began in October 2022.

The phased roll-out of the program will begin in the second half of 2024, the companies said.

Krispy Kreme said it would not supply its donuts to any other quick service restaurant in the U.S. through Dec. 31, 2026, as part of the agreement.

The company has been aiming to open its outlets in at least 75,000 points of access such as quick-service restaurants and grocery stores around the world through a hub-and-spoke model.

Krispy Kreme said in February that it ended 2023 with 2,300 more points of access than 2022.

The company's shares were at an eight-month high, and were headed for their highest percentage rise ever, at current levels.

McDonald's has about 14,000 stores in the U.S., and said in December that it planned to open about 10,000 restaurants globally by 2027.

The company has struggled with weak overseas demand at its restaurants as a result of boycott campaigns against the burger giant in some international markets related to the Israel-Hamas conflict, as well as tough macro economic conditions in China.
 

Subko is an innovative brand specializing in artisanal coffee, handcrafted baked goods, and artisanal chocolate from bean to bar, celebrates a major achievement: the completion of a $10 million fundraising round, spearheaded by Nikhil Kamath.

The company now has a post-funding valuation of around $34 million.

“I am deeply impressed by Subko's commitment to showcasing the finest Indian craftsmanship on a global platform. It is paramount that a distinctive Indian brand like Subko leads the way in delivering our unique, curated experiences to the world. My journey with Subko, transitioning from a customer to an investor, has given me unique insights into the brand's evolution and potential. I am eagerly looking forward to witnessing the brand's narrative unfold and flourish in the coming years.” said Nikhil Kamath, Entrepreneur and Investor.

Gourmet popcorn brand Popcorn & Company secures Rs 75 lakh investment in latest episode of Shark Tank India.

The investment comes from Ms. Namita Thapar, Executive Director of Emcure Pharmaceuticals.

Established in 2020 by Vikas Suri, a seasoned professional in the hospitality industry, Popcorn & Company strives to emerge as India's premier gourmet popcorn brand.

With a commitment to sourcing top-quality ingredients and ensuring uniformity, the brand aims to provide customers with an exceptional popcorn experience.

The brand offers a diverse selection of over 12 types of Butterfly and Mushroom popcorns, alongside a varied array of both international and local flavors, Popcorn & Company caters to a wide range of tastes.

The recent injection of funds into Popcorn & Company will be strategically utilized to bolster stock inventory and strengthen marketing initiatives, paving the way for accelerated expansion and a more robust foothold in the market.

 "Our vision is to revolutionize snacking by crafting flavors inspired by India's diverse culinary traditions. Securing this investment is a monumental milestone for us. It's a vote of confidence in our vision, and our team's relentless effort. With the Sharks now part of our journey, we're geared up to take Popcorn & Company to new heights” said Vikas Suri, CEO and Founder, Popcorn & Company.

Their Movie Night Kit represents a novel approach to enjoying popcorn at home, conveniently prepared either in a microwave or pressure cooker.

Premium craft-rum brand Rock Paper Rum secures investment from Shark Tank judge, Vineeta Singh, Co-founder and CEO of Sugar Cosmetics.

Following the successful acquisition of Seed Funding totaling INR 4.5 crore, spearheaded by Mumbai Angels along with notable investors like GSF, Anay Ventures, Ekcle Ventures, and Faad Network, Good Barrel Distillery, the parent company of Rock Paper Rum, has embarked on an exciting venture to secure strategic funding of INR 50 lakhs on Shark Tank India.

This significant milestone marks an exciting new phase for the premium rum brand, positioning itself for both national and international growth opportunities.

The vision of Lalit and the innovative approach of Rock Paper Rum captured the interest of the Sharks on Shark Tank India, resulting in not only securing funding but also gaining a valuable mentor in Vineeta Singh.

With her expertise in establishing a thriving offline business, she will play a crucial role in guiding the brand through the complexities of the alcohol industry.

"We are thrilled to partner with the marquee investors who have placed their trust in us, our aim is definitely to become one of the leading rum brands for the new age Indian consumer. Our selection of rum caters to the modern drinker who is just beginning their journey into the world of craft liquors, as well as those seasoned drinkers in search of unique and refreshing choices. Shark Tank India was an incredible platform to gain national exposure and showcase our commitment to sustainable growth." said Lalit Kalani, the founder of Rock Paper Rum.

With this strategic investment, Rock Paper Rum is poised for rapid expansion. Lalit disclosed, "Our goal is to establish a strong national presence within the upcoming year, extending into pivotal markets such as Goa, Haryana, and Karnataka. Additionally, we have our sights set on international growth, with the ambition of elevating Indian rum onto the global stage."

"Lalit's passion for Rock Paper Rum is contagious! Combined with their delicious flavours and strategic growth plans, I believe this brand is on the right track to reach newer heights in the coming days. " said Shark Tank Judge Vineeta Singh, CEO and Co-Founder of Sugar Cosmetics.

Presently, the brand is committed to utilizing top-quality ingredients and skillfully developing enticing flavor profiles such as Indian Spiced, Coastal White, Zesty Lemon, Roast Coffee, and Tropical Coconut.

This investment will support the doubling of production capacity to meet the increasing demand and bolster the team, while also enabling the implementation of strategic marketing initiatives.

Rock Paper Rum's dedication to innovation extends to venturing into new flavor territories, offering a fresh realm of experiences for rum aficionados.

Third Wave Coffee has announced a significant leadership change. Sushant Goel, the current Chief Executive Officer, will be transitioning to a role on the Board. Meanwhile, Rajat Luthra, previously the CEO of Kentucky Fried Chicken (KFC) India & Nepal under Devyani International Limited, will take over as the new CEO effective from the first quarter of the fiscal year 2024-2025.

Sushant Goel will continue to contribute to the growth and advancement of the rapidly expanding Indian coffee brand, while Rajat Luthra will bring his extensive experience to steer Third Wave Coffee towards its next phase of success.

“As CEO and Co-founder, I have had the privilege of leading the company through its formative years and I am incredibly proud of the journey that we have embarked on. The brand is ready to embark on its next leg of growth. Now, as I transition to the Board, I am excited to continue contributing towards our vision and growth from a different vantage point. Rajat is a veteran in the QSR industry, and I am filled with optimism on what the future holds for Third Wave Coffee under his stewardship.” said Sushant Goel, Co-founder & CEO, Third Wave Coffee.

Since its establishment in 2016, Sushant, alongside co-founders Ayush Bathwal and Anirudh Sharma, has effectively expanded the company to over 100 outlets across India.

Serving as CEO, Sushant played a pivotal role in shaping the company's business strategy and establishing strong connections with investors.

Now, transitioning to a board member role, Goel will persist in directing the company's strategic trajectory and innovating new ventures for Third Wave Coffee.

Rajat Luthra, the recently appointed CEO, brings almost thirty years of substantial experience in the Fast-Moving Consumer Goods (FMCG) and Quick Service Restaurant (QSR) industries.

Over the past decade, he has held the position of CEO at Kentucky Fried Chicken (KFC) India & Nepal, operating under Devyani International Limited.

Since its inception in 2016, Third Wave Coffee has experienced rapid growth, evolving from a single-store roastery in Koramangala to a network of over 100 stores spanning 8 cities throughout India.

Within a brief timeframe, the company has ascended to become one of the foremost coffee brands in India, actively competing with international giants in the market. Notably, Third Wave Coffee recently secured US$ 35 million in Series C funding, with Creaegis and existing investor WestBridge Capital participating in the investment round.

abCoffee has finalized its Series A funding round, amassing $3.4 million USD. Nexus Venture Partners spearheaded the investment, accompanied by ongoing supporter Tanglin Venture Partners.

The capital raised will empower abCoffee to expedite enhancements in its supply chain and technological infrastructure, facilitating the delivery of on-demand coffee beverages at reduced costs and faster turnaround times.

Founded in 2022 by Abhijeet Anand, a graduate of IIT Dhanbad with more than eight years of experience at Schlumberger, a prominent multinational in the oil and gas sector, abCoffee reflects his robust entrepreneurial drive and comprehensive grasp of various business facets. The inception of abCoffee stems from Anand's vision to democratize specialty coffee consumption.

"We are thrilled to partner with Nexus Venture Partners and receive continued support from Tanglin Ventures in our mission to make specialty coffee accessible and enjoyable for everyone in India. We continue to remain extremely capital efficient, leverage supply chain optimization and continue to innovate new products for the masses,” said Abhijeet Anand, Founder & CEO of abCoffee.

“abCoffee's commitment to making specialty coffee accessible to the masses resonated strongly with us. Their innovative tech model, coupled with their focus on high-quality, ethically sourced beans and efficient brewing methods, allows them to offer premium coffee experiences at surprisingly affordable prices. We believe this unique approach has the potential to disrupt the Indian coffee market and make premium coffee beverages a mainstream beverage enjoyed by everyone." said Suvir Sujan, Managing Director at Nexus Venture Partners.

Coffee retains its stature as a global beverage, with the Indian coffee market projected to attain a value of $2.30 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 12.5%.

abCoffee stands out in its ability to leverage this growing demand, presenting premium specialty coffee via its convenient, effective, and pioneering grab-and-go outlets.

Biggies Burger, the leading and rapidly expanding Indian burger chain, has secured Pre-Series A funding at an impressive valuation of Rs 210 Cr.

The majority of the funds will be directed towards strengthening Biggies Burger's team and enhancing its marketing initiatives.

"We are incredibly excited to leverage these resources to further strengthen our brand, build an even more compelling customer experience and accelerate our expansion plans. Our vision is to be the go-to burger destination for every Indian and this pre-series A round brings us one step closer to achieving that dream" said Biraja Rout, Founder of Biggies Burger.

With 130 stores currently in operation and an additional 160 stores in the pipeline, the brand is experiencing rapid growth.

In just 26 months, Biggies Burger has expanded its store count fourfold, from 37 in October 2021 to 130 by December 2023, achieving a noteworthy annual revenue run rate of Rs 103 crore.

United Spirits Ltd, a liquor manufacturer controlled by Diageo, announced a significant 63.5% increase in its consolidated net profit, reaching Rs 350.2 crore for the third quarter concluding in December 2023.

This marks a substantial rise from the Rs 214.2 crore net profit recorded in the corresponding October-December quarter of the previous year, as per the regulatory filing by United Spirits Ltd (USL).

The company's revenue from operations witnessed a 5.32% increase, reaching Rs 6,962.0 crore in the reviewed quarter. In comparison, it stood at Rs 6,609.8 crore during the same period in the preceding fiscal year.

The increase in sales was attributed to the ongoing emphasis on premiumization and the sustained demand from resilient consumers, as stated in the earnings report by USL.

During the December quarter, United Spirits Ltd (USL) saw a marginal 3.6% increase in total expenses, reaching Rs 6,554.7 crore.

USL's overall revenue, encompassing brands such as McDowell's, Royal Challenge, Signature, Johnnie Walker, and Black Dog, saw a growth of 5.77%, reaching Rs 7,014.1 crore.

Hina Nagarajan, the CEO and MD of USL, stated "Despite a challenging macro environment, we have achieved a resilient quarter. Although the demand momentum in the sequential period was somewhat subdued, it is noteworthy that the premiumization trend persists."

The company maintained strong consumer engagement during a series of festivals, the cricket World Cup, and the peak wedding season. The emphasis on ongoing enhancement and efficiency in the value chain is evident in the company's performance, she stated.

Regarding the future prospects, Nagarajan expressed, "As we look forward, we maintain a prudent optimism about growth, supported by consistent investments in our brands, confidence in our innovation and renovation initiatives, and the enduring potential of the Indian consumer over the long term."

United Spirits Ltd shares concluded at Rs 1,107.85 each on the BSE, marking a marginal 0.07% decrease from the previous closing value.

Starbucks India joins forces with Manish Malhotra to unveil an exclusive line of limited-edition lifestyle drinkware, available only in India.

This collection aims to honor Starbucks' commitment to enhancing the everyday coffee-drinking experience, personalized for consumers and infused with the distinctive craftsmanship of the renowned fashion designer.

“My aim was to design something deeply rooted in India while complementing the iconic tradition that Starbucks is renowned for. Kashmir holds a special place in my heart, serving as both a personal connection and a cornerstone of my brands’ identity. In crafting a signature collection for my collaboration with Starbucks, my aim was to seamlessly integrate the beauty and craftsmanship of Kashmir into everyday moments. The decision to use gold as a prominent colour in my designs’ stems from its powerful statement and resonance with my brand’s aesthetic. Gold, much like the intricate art and craft of Kashmir, embodies a sense of opulence and timelessness,” said Manish Malhotra.

Over time, Starbucks has engaged in global collaborations with renowned brands, presenting a range of collectibles that provide consumers with access to international style, glamour, and fashion.

The partnership with Manish Malhotra is set to deliver an unparalleled experience for enthusiasts of coffee, art, design, and fashion alike.

The collection comprises stoneware ceramic mugs, stainless steel tumblers, and reusable cups. Inspired by Kashmiri motifs, the design features traditional floral techniques rooted in the cultural heritage of the region.

Incorporating the signature Kashmiri embroidery from the Manish Malhotra brand, the cups and tumblers showcase intricate patterns with cultural significance.

The color scheme incorporates black, gold, white, and carmine, seamlessly blending traditional craftsmanship with contemporary style.

“At TATA Starbucks, we have always believed in the power of design, art and community in sharing elevated experiences for coffee-lovers across India. From our stores to our packaging – each touchpoint at Starbucks is testament to this thought. As we continue to lead growth in India, we are thrilled to partner with Manish Malhotra. Mr. Malhotra is one of India’s most prominent voices in fashion and has played a pivotal role in the country’s approach to style. We hope this collaboration elevates our consumer’s daily cup of coffee with Manish Malhotra’s inimitable design language,” said Sushant Dash, CEO, TATA Starbucks.

This collaboration emphasizes the artistry and natural influences from Kashmir, enhancing the coffee experience by seamlessly merging global aesthetics with local heritage.

Third Wave Coffee and Ironhill India have teamed up to create a unique and inventive experience for coffee and beer lovers.

With this partnership, the companies will offer customers a blend of high-quality coffee and craft beer.

"Our collaboration with Ironhill represents a convergence of passion and craftsmanship. We set out to create a beverage that transcends boundaries, offering patrons an unparalleled sensory journey. The result is a stout that marries the boldness of quality coffee with the artistry of craft beer, delivering a truly exceptional drinking experience." said Anirudh Sharma, Co-founder, Third Wave Coffee.

Initially accessible in Ironhill Bangalore and subsequently in Hyderabad, this partnership arises from a mutual acknowledgment that the varied tastes of beer enthusiasts warrant a distinctive fusion, uniting the luxurious notes of premium coffee with the artistry of handcrafted beer.

"At Ironhill, we have always strived to push boundaries and create unique offerings for our customers. Teaming up with Third Wave allows us to delve into uncharted territories, introducing a blend of flavors that hasn't been explored before. We are confident that this collaboration will resonate with our patrons who appreciate quality and innovation." said Teja Chekuri, Co-Founder and Managing Partner, Ironhill India.  

The outcome is a menu featuring a carefully chosen array of beers infused with coffee, each meticulously crafted to provide a unique flavor.

This collaboration marks a new chapter in the brewing landscape, where coffee and beer aficionados can come together to savor the best of both worlds.

Wow! Momo Foods achieves a record-breaking Rs 350 crore investment from Khazanah Nasional Berhad, Malaysia's sovereign wealth fund.

The funding will involve a combination of primary capital injection and the acquisition of shares from initial backers, namely Indian Angel Network and Lighthouse Funds.

As part of this funding round, Oaks Asset Management, an existing investor, has further contributed Rs 60 crore to support the company's growth.

The funding round will facilitate the exit of angel investors associated with The Indian Angel Network (IAN) and partially exit the series A investor, Lighthouse Funds.

The company aims to bring about significant changes in the food sector as it moves forward.

Established in August 2008, Wow! Momo manages a network of 630 stores spread across over 35 cities. Approximately one-third of these stores are compact formats or kiosks situated in malls, tech parks, and hypermarkets.

The brand has successfully distinguished itself in a market with limited competition on a national scale, capitalizing on the widespread appeal of its cuisine in India. The company oversees three sub-brands: Wow! Momo, Wow! China, and Wow! Chicken.

The main funding will drive the brand's growth and expansion, enhance distribution channels, and support research and development for the FMCG arm.

This division focuses on selling packaged frozen ready-to-eat momos through retail stores and e-commerce platforms.

Daryani expressed confidence that the chain is on schedule to extend its presence to an additional 100 cities, aiming for a network of more than 1,500 stores within the next three years.

Company executives highlighted that the recent funding round underscores a resurgence in investor interest in the food services sector, despite increased competition and the entry of global brands into the Indian market.

According to Icra, fast-food and quick-service restaurant companies in India are projected to incorporate approximately 2,300 new stores from fiscal year 2023 to fiscal year 2025.

They are expected to allocate an estimated capital expenditure of Rs 5,800 crore, leveraging the growing affordability and heightened consumer demand for fast foods.

Having achieved a post-money valuation exceeding Rs 2,400 crore, the chain has garnered Rs 500 crore in total funding, excluding the ongoing round.

The founders, promoters, and employees collectively own 45% of the ownership stake in the company.

Gurgaon based startup, Radiohead Brands is renowned for its flagship brand Jimmy’s®, has declared the conclusion of its Pre-Series A round, totaling 35 crore.

The funding was spearheaded by Prath Ventures, Capital Ventures, and Illeyrium Ventures, attracting notable participation from angel investors such as Neel Bahl and Sandeep Aggarwal from Droop (formerly associated with ShopClues).

This round also welcomed contributions from existing investors.

“The company’s products under Jimmy's brand have huge customer love and are well accepted by the trade. They have now entered the rapidly expanding market of Energy drinks through the introduction of Hustle Energy drink. We believe the company is set to emerge as a leading premium beverage player in a few years with a diversified portfolio of brands and products.” said Piyush Goenka, Founder, Prath Ventures.

The company recently revealed its evolution into a diversified beverage brand, extending its product range beyond Jimmy’s® Cocktails and Sparkling Mixers.

As a part of this initiative, the company introduced 'Hustle' Energy drink, aiming to revolutionize the rapidly growing Energy Drinks sector.

This strategic expansion of their portfolio mirrors the brand's aspiration to cultivate the premium beverage market in India.

Established in 2019 by Ankur Bhatia & Nitin Bhardwaj, the initial brand, Jimmy’s®, asserts its leadership among startups in its sector, having served more than 12 million drinks in FY’23.

“I want to welcome our new investors and thank our existing investors for their continued faith in us. For this round we had very high interest from prominent VCs ranging from $8M - $10M however we weren’t able to accept that as we do not believe in a high burn high growth business model. We have an eclectic mix of people on our cap table who like us, believe in a sustainable and profitable approach to building our brands.” said Ankur Bhatia, Founder and CEO Radiohead Brands.

In March 2022, Radiohead Brands secured 14 crore in a funding round led by Roots Ventures as an extension of their Pre-Series A funding.

To facilitate the launch of their new Energy Drink, the company expanded their Pre-Series A by an additional 20 crore, conducting this extension in two phases: the initial one occurring in June 2023, followed by the most recent one.

The company aims to venture into various untapped market segments within the beverage industry over the coming years.

The company's goal is to achieve a revenue run-rate of 100 crore by the next year, with a broader ambition of becoming a 1000 crore revenue enterprise within the decade.

Lite Bite Foods has introduced 10 new openings nationwide in December.

This signifies a notable expansion, particularly targeting tier 2 cities like Kochi, Mohali, and Faridabad.

“Our relentless pursuit isn't just about growth; it's a commitment to redefining culinary experiences. Each launch signifies our dedication to pushing boundaries and creating exceptional moments.” said Rohit Aggarwal, Director of Lite Bite Foods Pvt Ltd.

The company has firmly established its presence in major cities such as Delhi NCR, Chennai, Mumbai, Pune, Bengaluru, Kochi, Ahmedabad, Indore, Lucknow, Kanpur, Mohali, and internationally in Singapore, Washington DC, Abu Dhabi, Dubai, and Bangkok.

Currently, they manage 44 Punjab Grill outlets, 17 YouMee outlets, 32 Street Food by Punjab Grill branches, and 27 Asia 7 establishments.

Brand is expanding into crucial markets such as Bangalore, Kochi, and Gurgaon, along with their effective establishment in tier 2 cities, highlights LBF's adaptability and strategic acumen.

YouMee's penetration into tier 2 cities extends the pleasure of Sushi, Dim sums, and Ramen, bringing delight to every nook of those urban regions.

These launches emphasize the company's vision for extensive expansion and meeting customer needs.

Kitchens@ is a cloud kitchen startup, secured $65 million from Finnest, a London-based private equity firm, in its Series C funding round.

Kitchens@ announced in a press release that the raised funds will support the expansion of their hybrid model, Dinerium, which combines offline and online components.

Prior to this funding round, Kitchens@ had secured $17.5 million from investors such as Trifecta, Beenext, DG Ventures, and other contributors.

Kitchens@ is headquartered in Bengaluru, offers comprehensive solutions to F&B brands seeking expansion, providing a range of services from infrastructure and technology to operational support.

Collaborating with various food brands like Domino’s, Subway, Taco Bell, Nando’s, ChicKing, and national chains such as ITC, Mainland China, and Barbeque Nation, it facilitates their growth.

In May 2022, Kitchens@ revealed its integration with Kitchens Centre, a company based in Delhi.

Earlier this year, it completed an acquisition of Swiggy’s Access Kitchens business through a share swap agreement.

According to Kitchens@ CEO Junaiz Kizhakkayil, this acquisition will aid in the company's expansion across four cities, encompassing 52 locations and over 700 kitchens.

The company mentioned that the acquisition would result in a combined yearly Gross Merchandise Value (GMV) of $65 million (approximately Rs 520 crore) for Kitchens@.

Additionally, Kitchens@ is striving to achieve a revenue target of $100 million (around Rs 800 crore) within the upcoming six months.

Although Kitchens@ hasn't submitted its annual financial report for the fiscal year 2022-2023, it documented a revenue of Rs 37.37 crore in the preceding fiscal year. However, it incurred a loss of Rs 43.15 crore during the same period.

This funding round marks a significant milestone for a cloud kitchen brand in 2023. In April, Curefoods secured $36.5 million, with primary backing from Three State Ventures, spearheaded by Binny Bansal. Notably, Rebel Foods emerged as the dominant contender in this sector, achieving unicorn status following a $175 million funding round in October 2021.

Finnest, the primary investor, is a growth investment firm led by Biswanath Patnaik, known for supporting early-stage investments.

The firm directs its investments towards startups concentrated in banking, healthcare, consumer products, fintech, and renewable sectors.

CLEAR Premium Water declares its acquisition of a majority share in KELZAI Volcanic Water, renowned for its unique natural mineral water derived from volcanic springs.

This acquisition signifies a significant achievement for CLEAR Premium Water as it sets its direction to broaden its range of products and lead innovation within the bottled water sector.

“Our association with KELZAI Volcanic Water underscores our dedication to meeting the increasing demand for natural mineral water. With the strategic plant location, we aim to reach a broader audience, leveraging Clear's expertise, extensive network, and KELZAI’s established brand identity. This alliance is set to transform KELZAI’s market presence, ensuring remarkable growth and establishing dominance in the luxury water segment. This partnership enhances our natural mineral water offerings, positioning us to deliver exceptional value and impeccable service to our customers.” said Nayan Shah, the visionary Founder & CEO of CLEAR Premium Water.

The rise of upscale dining and the emergence of unique culinary adventures have increased the desire for natural mineral water.

KELZAI is ready to enhance the dining experience in these exclusive venues while catering to a wider luxury clientele across cafes, restaurants, institutions, multiplexes, hotels, and similar settings.

As per the acquisition agreement, CLEAR Premium Water's parent company, Energy Beverages Private Limited, will exclusively handle the distribution and marketing of KELZAI Volcanic Water.

Leveraging its strong network and nationwide reach across India, this partnership emphasizes a joint commitment to providing top-tier natural mineral water.

It pledges outstanding service and aims to boost market presence for both CLEAR Premium Water and KELZAI Volcanic Water.

The collaboration between CLEAR Premium Water and KELZAI Volcanic Water marks a significant shift in the industry, offering a powerful blend of skill, creativity, and steadfast dedication to sustainability and excellence.

This partnership aims to enthrall the market and strengthen CLEAR Premium Water's standing as a leading force in the bottled water sector.

KELZAI Volcanic Water can be found in environmentally friendly PET bottles of 200ml, 500ml, and 1 liter sizes, as well as in glass bottles of 300ml, 500ml, and 750ml (available in Still & Sparkling varieties).

Hogr, an innovative social platform facilitating restaurant and food exploration, secured Rs. 10 Crores in seed funding, spearheaded by Curefoods, a major player in India's food industry housing renowned brands like EatFit and Cakezone.

This investment will drive Hogr's growth, supporting its app expansion, feature enhancements, and the introduction of updates for an elevated user journey.

"We've noticed that HOGR addresses and streamlines the challenge of discovering new dishes and restaurants, as well as forms a food community via peer-to-peer recommendations. This aspect intrigued us and motivated our decision to invest in this app." said Ankit Nagori, Founder of Curefoods India.

Hogr allows users to explore fresh dining experiences by receiving personalized suggestions from their network comprising contacts, family, friends, and fellow food enthusiasts who share similar taste preferences.

The platform provides customized recommendations, empowering users to make informed dining decisions and expand their food network effortlessly through a user-friendly recommendation system.

"We see HOGR as more than just an app. We strive to create a community where food enthusiasts come together to share the joy of discovering new dishes and places to eat, fostering social connections through this platform.  We are elated to have found synergies with Curefood to partner with in our growth journey.” said Jugul Thachery, Founder and CEO, HOGR.

Bangalore based brand, HOGR seeks to revolutionize the conventional method of finding new restaurants and dishes.

The app streamlines the exploration of novel culinary experiences, making it easier for individuals to discover and share recommendations within a social circle of food enthusiasts.

Coca-Cola India is expanding into the alcohol beverage sector.

The company has initiated trial runs of Lemon-Dou, a global alcoholic ready-to-drink beverage, in regions including Goa and parts of Maharashtra.

Coca-Cola India, the division of The Coca-Cola Company operating within India, is exploring the alcohol beverage market.

They've initiated trial runs of Lemon-Dou, the multinational company's worldwide alcoholic ready-to-drink beverage, in select areas of Goa and Maharashtra.

Lemon-Dou, known as 'Chuhai,' is an alcoholic cocktail with roots originating from Japan. During its initial test launch, it's being sold at Rs 230 for a 250 ml can.

According to a media report, Lemon-Dou, introduced in Japan in 2018, served as Coca-Cola's inaugural ready-to-drink alcoholic beverage, aligning with its focus as a beverage company.

Besides Japan and India, Lemon-Duo is set to be accessible in China and the Philippines.

In October this year, Coca-Cola teamed up with Pernod Ricard, a global spirits producer, in a worldwide partnership to introduce Absolut vodka and Sprite as a ready-to-drink pre-mixed cocktail by 2024.

The rollout will commence in the UK, Netherlands, Spain, and Germany initially. Referred to as Absolut & Sprite, the product will consist of Pernod's Absolut high-quality vodka combined with Coca-Cola's lemon-lime soft drinks, Sprite and Sprite Zero Sugar, as emphasized in a report.

Flower Aura has introduced its cake collection on Swiggy and Zomato.

The partnership between Flower Aura and these platforms is geared towards making their diverse range of cakes more accessible to customers, aiming to improve convenience and reach.

Through this collaboration, Flower Aura aims to simplify the ordering process for a variety of treats like Red Velvet Jar Cake, Vanilla Blueberry Cake, and Black Forest Mini Cake, among others.

“Through this alliance, we've exponentially expanded our reach, connecting with a broader customer base to cater to every celebration. Our latest collaboration with Zomato and Swiggy perfectly aligns with our dedication to making our sweet indulgences more accessible. Now, anyone can conveniently order their favourite desserts from the comfort of home, at any time they desire. This strategic partnership promises not just to broaden our clientele but also to revolutionize our business operations, marking a remarkable milestone in our journey.” said Shrey Sehgal, Founder & CEO, Flower Aura.

Flower Aura recently inaugurated a 26,000-square-foot central kitchen in Delhi NCR, a significant step to meet the rising demand from Swiggy/Zomato users.

Flower Aura excels in creating luxurious cakes and desserts. Their alliance with two prominent food delivery platforms is poised to enhance convenience by ensuring prompt doorstep delivery of their exquisite range within a swift 30-minute timeframe.

This partnership seamlessly aligns with their recent efforts to make their diverse product range more accessible.

Rajasthan Royals, a franchise under Royals Sports Group, has unveiled a comprehensive digital-focused alliance with Curefoods, a prominent F&B brand collective in India specializing in healthy food.

This partnership designates Curefoods as the official partner of the Royals, heralding the start of a strategic venture aimed at transforming fan and consumer involvement throughout the 2024 season.

"We are excited to announce this unique partnership with Curefoods which will unlock the power of digital platforms and help us connect with our fans and their consumers at a deeper level. This digital-first partnership will create customer delight at scale through unique experiences for our fans by leveraging our shared values of innovation and technology." said Jake Lush McCrum, Chief Executive Officer, Rajasthan Royals.

Curefoods is renowned for its dedication to advocating healthy lifestyles, perfectly matches Rajasthan Royals' holistic approach to well-being.

The collaboration intends to motivate supporters to embrace healthier living practices and make educated decisions, encompassing both dietary preferences and physical activities.

“We are thrilled to be associating with Rajasthan Royals for the 2024 season. With this association, we want to promote the importance on healthy eating using the brilliant platform which Rajasthan Royals provides. This partnership will help us reach out to millions of potential consumers who are looking to start their health journey.” said Ankit Nagori, Founder, Curefoods.

During the 2024 season, Rajasthan Royals and Curefoods will team up for various ventures, encompassing unique digital content, engaging fan interactions, and health-focused campaigns.

Through the utilization of technology and digital mediums, both entities aim to creatively connect with fans, elevating overall fan involvement and interaction.

QSR Chain KFC has achieved a significant milestone by reaching its 1,000th restaurant in India.

The brand made its debut in the country back in 1995. KFC operates in India through franchise partnerships with Devyani International Ltd and Sapphire Foods India Ltd.

In the upcoming phase of its operations in India, KFC is positive about contributing to the country's economy by creating more than 100,000 jobs, bolstering the nation's growth prospects," stated the company on Tuesday.

Moksh Chopra, General Manager of KFC India & Partner Countries, expressed pride in KFC's role in India's progress alongside franchise partners. He highlighted KFC's global identity with a strong local connection, emphasizing the commitment to growing hand in hand with the nation. Chopra commended the restaurant teams, particularly those comprising specially abled individuals, for their crucial role in KFC's journey.