Retail India News: Heineken Expands in Karnataka with Silver and Original Variants

ECCO, one of the globally recognized premium footwear brands known for its innovation, comfort, and Scandinavian craftsmanship, is expanding its presence in India with the launch of three new stores. The brand has unveiled its latest outlets at Palladium Mall in Mumbai, and DLF Promenade and Pacific Mall in New Delhi, further reinforcing its commitment to providing world-class footwear to Indian consumers.

Continuing its mission to offer exceptional leather craftsmanship, advanced technology, and ergonomic designs, ECCO’s new stores present a diverse collection of footwear. From classic formal shoes and contemporary casual styles to high-performance outdoor and golf shoes, the brand caters to a wide audience that values both style and functionality.

Sumeet Lohia, Country Manager of ECCO Shoes India, said, “India is a key market for ECCO, and we are excited to further strengthen our presence in Mumbai and Delhi. These new store openings represent a significant milestone in our journey, allowing us to bring our premium footwear collections closer to our customers. We are witnessing high consumer interest, with repeat customers accounting for 50 percent of our sales. Our expansion plan focuses on key retail hubs in India’s top six cities. By the end of 2026, we plan to have a robust presence in all key malls.”

Designed to reflect ECCO’s Scandinavian heritage, the new stores offer a modern and inviting shopping environment, where customers can explore the brand’s signature collections, crafted using premium materials and innovative shoemaking techniques.

With this expansion, ECCO India is steadily growing its presence in key metropolitan areas, ensuring greater accessibility for consumers looking for high-quality, stylish, and durable footwear. By blending fashion with functionality, the brand continues to cement its reputation as a leader in premium footwear.

Pee Safe, one of the leading personal hygiene brands, is on an ambitious growth trajectory, setting its sights on reaching more than 30,000 retail touchpoints across India by the end of the current fiscal year (FY 2025). This expansion aligns with the brand’s commitment to making feminine hygiene and wellness products more accessible to consumers nationwide.

As a direct-to-consumer brand, Pee Safe offers an extensive range of hygiene and personal care solutions, including sanitizers, menstrual cups, sanitary pads, tampons, and intimate wellness products. Since its inception in 2017 by entrepreneur Vikas Bagaria, the brand has gained significant market traction, with its toilet seat sanitizers and panty liners emerging as its most popular and highest-selling products. These innovations have played a crucial role in raising awareness about hygiene and convenience, particularly for women on the go.

Expanding its portfolio, Pee Safe has also introduced two sub-brands—Domina and FURR—each catering to distinct consumer needs. While Domina focuses on intimate wellness, empowering women with premium products, FURR offers a range of sustainable and skin-friendly personal care solutions. These additions reflect the company’s commitment to holistic well-being and innovation in the personal hygiene sector.

The brand has attracted investments from prominent players, including Alkemi Growth Capital, NATCO Pharma Ltd., and Zerodha, further strengthening its market position. This financial backing has enabled Pee Safe to scale operations and enhance its research and development efforts.

To ensure seamless operations and maximize efficiency, Pee Safe collaborates with industry leaders across various sectors. Microsoft serves as its technology partner, enabling advanced digital solutions, while Amazon supports its e-commerce distribution network. Additionally, Bizom provides data-driven insights for strategic decision-making, and Unicommerce facilitates a smooth and efficient supply chain. To strengthen its direct-to-consumer reach, the brand’s website and online presence are powered by Shopify, ensuring a user-friendly shopping experience for customers.

Jewelbox has officially arrived in Bengaluru, marking an exciting new chapter for the brand. As it opens its doors in one of India’s most dynamic cities, the brand expresses gratitude and enthusiasm for the warm welcome. The opening of the newest store in the city reflects the brand’s commitment to bringing its unique jewelry collections to a place known for its deep-rooted heritage, thriving innovation, and an appreciation for artistry.

“Bengaluru holds a special place in our hearts. A city that beautifully blends tradition with innovation, it reflects the very essence of Jewelbox. Just as Bengaluru has embraced change while staying true to its roots, we strive to do the same by crafting jewelry that is both timeless and contemporary. For us, innovation isn’t just about design, it shapes everything we do – from craftsmanship to customer experience,” stated Nipun Kochar, Founder & CEO, Jewelbox.

Known for its pioneering spirit, Bengaluru is not only a hub of culture and heritage but also a center for technology and innovation. This synergy aligns seamlessly with Jewelbox’s approach to jewellery-making. 

With every collection, Jewelbox aims to capture personal stories, celebrate milestones, and complement the vibrant lifestyles of its customers. From traditional gold and diamond jewelry to contemporary statement pieces, the brand’s creations are a testament to its passion for beauty and attention to detail. Bengaluru, with its cosmopolitan culture and discerning consumers, felt like a natural choice for Jewelbox’s next venture. The brand acknowledges the overwhelming love and trust of its patrons, which has been instrumental in this expansion.

As Jewelbox continues to expand its footprint across India, its arrival in Bengaluru signifies more than just a new store—it represents a fusion of tradition, craftsmanship, and innovation, creating jewellery that is both meaningful and memorable.

The Charcoal Project (TCP), the interior design brand founded by Sussanne Khan, is expanding its retail presence in India with a new gallery in Hyderabad. The launch marks a significant milestone for the brand, which has been a part of the Indian design industry since 2011. As TCP celebrates 14 years, the Hyderabad store becomes its second retail gallery, reinforcing its approach to luxury home furnishings and curated design.

The Hyderabad launch also features a collaboration with Gauri Khan Designs, bringing together the design aesthetics of Sussanne Khan and Gauri Khan. A dedicated floor within the six-storey gallery will showcase Gauri Khan’s signature design style, combining both creative perspectives in a single space.

Sussanne Khan shared, "Just a little sneak peek into our ‘World of Charcoal’... We are so looking forward to opening our doors to all of you on the 27th of February 2025."

TCP Hyderabad aims to provide a unique retail experience, offering a curated selection of home interiors and design elements. The project is being developed in partnership with Electronics Mart India Ltd (EMIL). With this expansion, The Charcoal Project continues to grow its presence in the Indian retail and design industry.

The Association of Direct Selling Entities of India (ADSEI) participated in a key event organized by the Department of Civil Supplies and Consumer Affairs, Government of Kerala, marking a significant step for India’s retail and direct selling industry. The event, held at Central Stadium, Thiruvananthapuram, on February 19, introduced new guidelines and a monitoring mechanism to promote ethical business practices and enhance consumer protection. Additionally, a dedicated website and awareness videos were launched to improve transparency and accountability within the sector.

Shri Pinarayi Vijayan, Chief Minister of Kerala, inaugurated the event, while Shri G.R. Anil, Minister of Food Civil Supplies and Consumer Affairs, delivered the presidential address, highlighting the government’s commitment to strengthening the direct selling ecosystem. Other attendees included Shri K.N. Balagopal, Minister for Finance, and Shri V. Sivankutty, Minister for Labour and General Education.

Ajay Suri, Treasurer of ADSEI said, "This event is another significant step in strengthening the Direct Selling industry and is a demonstration to the state's proactive approach. The release of these guidelines and the establishment of a monitoring mechanism are commendable steps taken by the Government of Kerala. These initiatives will ensure transparency, accountability, and consumer protection in the Direct Selling industry. ADSEI has always been at the vanguard of promoting ethical practices and self-regulation within the sector, and we are delighted to support the government's efforts in creating a fair and sustainable business environment. This will not only protect consumers but also empower legitimate direct selling businesses to grow and contribute to the economy."

With this initiative, Kerala has taken a lead in setting regulatory benchmarks for the direct selling industry in India, reinforcing the need for structured policies to ensure fairness and compliance. ADSEI continues to collaborate with state and central authorities to drive similar reforms nationwide, aiming to create a transparent and well-regulated retail landscape that benefits both businesses and consumers.

Infiniti Mall, a key player in retail and entertainment in India, has hosted BOUNCE Inc, India’s largest trampoline park, for the past five years at its Malad location in Mumbai. The facility, which features over 100 interconnected trampolines and more than 20 activities, caters to families, young adults, and fitness enthusiasts looking for an engaging and active experience. With locations in Mumbai and Bengaluru, BOUNCE has become a significant addition to India's retail and entertainment sector.

While trampoline parks combine gymnastics, fitness, and recreation, they also require strict safety protocols. Infiniti Mall emphasizes visitor safety alongside its shopping and entertainment offerings. Since its launch, BOUNCE Inc has implemented safety measures exceeding international standards, ensuring a secure environment for visitors.

"Our mission is to make BOUNCE the safest freestyle playground in India. We believe safety is not a restriction but an enabler of boundless energy and enjoyment. When our customers feel secure, they can truly unleash their potential," said Keyur Nagori, Director of BOUNCE Inc India.

Gaurav Balani, DGM-Marketing at Infiniti Mall added, "BOUNCE has truly become a go-to spot for families, young adults, and even corporate teams looking for something fun and exciting at Infiniti Mall, Malad. With a focus on safety and a lot of energy, it’s the perfect place to jump, laugh, and create unforgettable memories. We’re thrilled to have BOUNCE as a part of the mall and can't wait for more people to experience the fun."

Located within Infiniti Mall, Malad, BOUNCE Inc has introduced advanced safety features such as padded surfaces, non-slip materials, and trained safety hosts who enforce safety rules tailored to each participant’s skill level. The facility undergoes regular inspections, maintenance, and adheres to global safety benchmarks to provide a controlled environment for visitors.

Beyond a trampoline park, BOUNCE Inc serves as an active recreational space where families connect, friendships develop, and individuals challenge themselves physically. Whether for beginners or experienced athletes, the venue ensures a safe and structured environment for guests to enjoy trampoline-based activities at Infiniti Mall, Malad.

Tuco Kids, a retail brand in India's personal care market for children, has appointed Chanakya Gupta as co-founder.

Gupta previously served as Business Head at Cult Play (formerly Fitso) and was Group Chief Human Resource Officer at Curefit. Before that, he spent nearly nine years at Flipkart in leadership roles, including Vice President for Strategic Partnerships, D2C Brand Accelerator, and Private Brands.

Founded by Aishwarya Murali in 2023, Tuco Kids offers a range of sustainable and natural personal care products designed for children aged 3 to 13 years. The product portfolio includes soaps, lotions, sunscreen, shampoo, and oil.

This leadership appointment follows the company's recent $2 million seed funding round led by Fireside Ventures and Whiteboard Capital, aimed at expanding its market presence.

Tuco Kids' products are available through its official website and major e-commerce platforms, including Amazon, Flipkart, Myntra, Nykaa, and FirstCry, along with quick commerce platforms. The company continues to strengthen its position in India’s retail sector with the support of its investors.

Retail and direct-to-consumer (D2C) brand The Souled Store recorded a 54.5 percent year-on-year increase in revenue for the fiscal year ending March 2024, reaching Rs 360 crore, up from Rs 233 crore in FY23. The Xponentia Capital-backed company also reported profitability during this period, according to its filings with the Registrar of Companies (RoC).  

Founded in 2014, The Souled Store designs and sells pop culture-themed apparel and accessories, including footwear, books, mobile covers, and mugs. The company operates 18 stores across India, with 98.6 percent of its revenue generated from retail and online product sales, which grew 55 percent to Rs 355 crore in FY24. The remaining income came from membership fees. Additionally, the company earned Rs 5 crore from interest on deposits and gains on current investments, bringing its total revenue to Rs 365 crore in FY24, compared to Rs 236 crore in FY23.  

The brand's procurement costs accounted for 42.2 percent of total expenses, increasing 68.5 percent to Rs 150 crore in FY24. Employee benefits and rent expenses rose by 34.5 percent and 77.8 percent, respectively. The company also spent Rs 68 crore on advertising, while legal, freight, and other operational costs contributed to a 40.3 percent rise in total expenditure, reaching Rs 355 crore in FY24 from Rs 253 crore in FY23.  

Despite rising costs, The Souled Store achieved a net profit of Rs 18 crore in FY24, a turnaround from a Rs 16.5 crore loss in FY23. The company’s return on capital employed (ROCE) and EBITDA margins improved to 6.38 percent and 5.21 percent, respectively. It spent Rs 0.99 to earn a rupee of operating revenue. At the end of FY24, total current assets stood at Rs 225 crore, including Rs 44 crore in cash and bank balances.  

To date, The Souled Store has raised nearly $30 million, including a $16 million investment led by Xponentia Capital in 2023 and a $10 million round led by Elevation Capital in 2021. Data from TheKredible indicates that Elevation is the largest external stakeholder, followed by Xponentia Capital.  

The company competes with brands such as Rare Rabbit, which generated Rs 636 crore in revenue and Rs 76 crore in profit in FY24; Bewakoof, with a revenue scale of Rs 162 crore; and Virat Kohli-backed WROGN, whose revenue declined by 29 percent to Rs 244 crore in FY24.  

As interest in the fashion and lifestyle segment grows, brands like The Souled Store face the challenge of maintaining their identity while expanding. Managing advertising costs, maintaining brand exclusivity, and catering to a niche audience will be key to sustaining growth in India’s competitive retail landscape.

Goyal Salt Limited has reported sales of Rs 105.26 crore for the nine-month period ending December 2024. This reflects a “34 percent growth” compared to Rs 78.55 crore in the same period last year.  

The company's new manufacturing facility in “Gandhidham”, with a production capacity of “4,50,000 MT”, is currently in the trial stage. Built with a “capital expenditure of Rs 80 crore” and spread over “12 acres”, the plant is expected to be fully operational by the end of March 2025.  

Pramesh Goyal, Managing Director of Goyal Salt Limited stated, “We are delighted to announce a good set of numbers for 9M FY25. This represents a strong execution of our strategic initiatives and the positive market dynamics. We are expanding our market presence and keep bringing new high-quality products to the market. Our new manufacturing facility in Gandhidham is shaping up well and should be operational by the end of the current financial year. The establishment of Gandhidham facility allows us to get closer to western and eastern markets in the country by reducing logistics cost and hastening the delivery of finished products to our customers.”

Goyal Salt currently operates with “over 60 distributors” in “northern markets” and has expanded its distribution network to “Maharashtra, Gujarat, Assam, and Odisha”. The company’s retail presence includes “5,000 outlets”, with a long-term plan to reach households across the country within the next five years.

Havells India Ltd., a leading Fast-Moving Electrical Goods (FMEG) company, has further strengthened its commitment to innovation and technology with the appointment of Dipesh Shah as Chief Technology Officer (CTO) & President of the Havells Center for Research & Innovation (CRI). This strategic move is set to accelerate Havells' R&D investments and reinforce its position as a consumer-centric, technology-driven brand that develops indigenous technology from India for the world.

With an impressive 32 years of experience in embedded system software, wireless communications, and on-device AI, Dipesh Shah brings a wealth of expertise in developing smart home solutions and AI-driven consumer products. Before joining Havells, he led Samsung’s largest Software R&D Center outside Korea, driving advancements in AI and consumer experience solutions. His leadership in software engineering and product innovation has played a key role in shaping the Make for India initiative.

Havells' CRI centers in Bengaluru and Noida are at the forefront of cutting-edge product development, combining expertise in hardware, software, AI, power electronics, industrial engineering, and design. The company is focused on creating high-performance, smart, and sustainable solutions that enhance the well-being of consumers in India and beyond.

As part of this vision, Shah will lead efforts to attract India’s best engineering talent, fostering a culture of innovation, experimentation, and end-to-end technology realization. The R&D teams will work with the ethos of "Global Quality with Local Insights", ensuring that Havells' products are globally competitive yet deeply relevant to Indian consumers.

Havells is committed to delivering next-generation consumer experiences by integrating AI, IoT, and intelligent automation into its product ecosystem. With its strong in-house R&D capabilities, the company aims to develop connected, efficient, and high-performance appliances that seamlessly blend into modern smart homes.

“Innovation is at the heart of everything we do at Havells. Our core value of customer centricity powered by state-of-the-art research capabilities will enable us to develop products and solutions that will meet global standards and cater to the evolving needs of Indian consumers. We aim to accelerate our journey in building intelligent, consumer-focused solutions that enhance daily life and well-being,” said Dipesh Shah, Chief Technology Officer (CTO) & President, Havells Center for Research & Innovation (CRI), Havells India.

With this appointment, Havells is set to push the boundaries of innovation, further cementing its leadership in the smart home and intelligent appliances segment, both in India and global markets.

VIP Clothing Ltd., one of the well-recognized innerwear brands, has announced the promotion of Kapil Pathare as its Deputy Managing Director. The decision was formally approved during the Board of Directors meeting on February 12, 2025, recognizing his exceptional contributions and long-term vision for the organization.

With over two decades of experience in the company, Pathare has played a pivotal role in manufacturing, quality control, and customer-centric strategies. A B.Com graduate with an MBA, he is known for making game-changing business decisions while also being an acclaimed author. His strategic insights have significantly influenced VIP Clothing Ltd.’s market positioning and innovation-driven approach. Beyond the corporate realm, he is a sports enthusiast and cricket aficionado, frequently sharing his perspectives on social media. Additionally, he has penned three books—"Cricket to Corporate," "A Tall Order," and "Maiden Innings: An Inspiring Account of How Indian Women Scripted Cricketing History"—which reflect his deep passion for both sports and leadership.

Kapil Pathare shared his elation and stated, “It’s always great to see efforts pay off. My vision has always been to amplify the legacy of VIP Clothing Ltd. through strategic brand positioning and marketing suitably. Our consumers have grown over the last few decades, and so has the brand. Our trajectory has been one of adaptability and reinvention. Now, I look forward to propelling this further."

Sunil Pathare, CMD, VIP Clothing said, “We are pleased to announce the promotion of Mr. Kapil Pathare from Whole-Time Director to Deputy Managing Director for a period of three years, effective April 1, 2025. We are confident that in his new role, Mr. Pathare will continue to lead with the same passion and determination, further strengthening our position in the industry. He has been an integral part of our organization, bringing years of extensive experience, strategic vision, and leadership, which have significantly contributed to VIP Clothing Ltd.’s growth and success.”

As Deputy Managing Director,  Pathare is set to drive innovation, operational efficiency, and market expansion, ensuring that VIP Clothing Ltd. continues its legacy of excellence in the innerwear industry. His leadership will play a crucial role in shaping the brand’s future, reinforcing its adaptability and commitment to quality.

Lenskart, one of India’s leading innovators in eyewear, is transforming the way people see, hear, and stay connected with the launch of Phonic, a revolutionary audio eyewear designed for today’s multitasking generation. Merging premium audio technology with stylish eyewear, Phonic is a testament to Lenskart’s commitment to delivering cutting-edge innovation at an accessible price. This next-generation wearable seamlessly integrates Bluetooth audio into everyday eyewear, allowing users to take calls, listen to music, and interact with digital assistants while maintaining a sleek and sophisticated look. Whether on a Zoom call, driving, or using voice commands to check schedules, Phonic enhances multitasking with intuitive technology and modern designs like Hustlr.

In an industry-first move, Lenskart has partnered with Zepto to ensure that customers receive Phonic smart glasses with built-in speakers in just 10 minutes. This collaboration merges Lenskart’s state-of-the-art innovation with Zepto’s ultra-fast delivery network, making it easier than ever for users to experience the latest in eyewear technology with unparalleled speed and convenience. 

"At Lenskart, we are committed to making innovation more accessible than ever. With Zepto’s quick delivery services, Phonic is now just minutes away from reaching our customers. This partnership redefines convenience in e-commerce, ensuring that cutting-edge technology and stylish functionality are available on demand—seamlessly, quickly, and effortlessly," shared Madhur Acharya, Vice President E-commerce.

Chandan Mendiratta, Chief Brand and Culture Officer, Zepto shared, "At Zepto, speed isn’t just a promise—it’s our DNA. Partnering with Lenskart to deliver Phonic in just 10 minutes is a game-changer for the way users experience innovation and I thank our Sellers for enabling this. This collaboration merges cutting-edge eyewear technology with our seller’s delivery network, ensuring that convenience and smart living go hand in hand."

Phonic stands out with its innovative, user-friendly features that enhance everyday experiences. Its sleek design discreetly houses Bluetooth audio, providing a hands-free experience without compromising on style. With up to 7 hours of battery life, users can remain connected throughout the day, whether for calls, music, or voice assistant interactions. Phonic is compatible with both Android and iOS voice assistants, allowing users to send messages, set reminders, and control music effortlessly using simple voice commands. Additionally, its smart button navigation ensures that switching between functions is seamless, letting users stay focused on what matters most.

As part of Lenskart’s vision to make high-tech eyewear accessible, Phonic is available at an affordable price point, with sunglasses retailing at Rs. 4,999 and zero-powered glasses at Rs. 3,999. The collection is available in two stylish Hustlr colors, featuring Shiny Blue and Matte Black, catering to different fashion preferences. Each Phonic package comes with a Phonic Case, Charging Cable, Selvette, and Phonic Card, ensuring users receive a complete and premium experience.

one of the renowned premium bicycle brands, Firefox Bikes, has announced the appointment of Ashwani Gautam as its new Chief Executive Officer (CEO). Bringing extensive expertise in business transformation, P&L management, and go-to-market strategies, Ashwani will spearhead Firefox’s expansion and innovation in the premium cycling segment.

An alumnus of IIT BHU and IIM Ahmedabad, Ashwani has held key leadership roles across Consumer Durables, Healthcare, Power, and Automation industries. Prior to joining Firefox, he played a significant role at Hero Cycles as Chief of Staff and Business Head for International Business, Exports, and E-commerce. His vast experience in sales and marketing has been instrumental in driving business growth across multiple global markets.

In his new role, Ashwani will focus on strengthening Firefox’s market leadership, expanding its retail and digital presence, and enhancing product innovation to meet the evolving needs of India’s cycling enthusiasts.

Pankaj Munjal, Chairman and Managing Director, Hero Motors Company said, "We are delighted to have Ashwani lead Firefox at this exciting juncture. His extensive experience in business strategy, market expansion, and consumer engagement aligns perfectly with our vision for the future of premium cycling. Under his leadership, Firefox is set to further reinforce its position as the go-to brand for high-performance bicycles in India. We also expect Hero Lectro to continue driving the e-cycle revolution in India, under his rich experience."

Since its inception in 2005, Firefox has continually pushed the boundaries of creativity and engineering to redefine the cycling experience in India. Under Ashwani’s leadership, the brand aims to accelerate its efforts to make premium cycling more accessible while championing sustainability and fitness through innovative offerings.

Ashwani Gautam said, "Cycling is at the intersection of sustainability, fitness, and urban mobility. Firefox has been a pioneer in transforming premium cycling in India, and I am excited to lead the brand into its next phase of growth. My focus will be on strengthening Firefox’s presence in the premium segment and enhancing the overall cycling experience for enthusiasts across the country."

Firefox Bikes operates under Hero Motors Company (HMC), a global leader in mobility solutions. HMC has a strong legacy in the two-wheeler industry, dating back to its establishment in 1956. Over the decades, it has expanded its footprint across 18 locations worldwide, generating an annual revenue of USD 710 million.

The Souled Store, one of India’s leading merchandise and lifestyle brands known for its quirky designs and pop culture-inspired fashion, is making waves in the retail space with the launch of its first-ever outlet in Jodhpur. Nestled in the heart of the Blue City, this flagship store is more than just a shopping destination—it’s a vibrant celebration of urban creativity, bold design, and immersive artistic expression.

Designed to stand out, the Jodhpur outlet is housed in a standalone structure, setting it apart in the city’s lively landscape. The store’s outer wall features striking graffiti art, lending it an edgy and artistic appeal that’s sure to grab the attention of both locals and tourists. Inside, the store continues the creative theme with a contemporary yet laid-back atmosphere, making it an inviting space for shoppers to explore the latest in fashion and accessories.

Vedang Patel, Co-Founder, The Souled Store shared, “We’ve always strived to create something different, and our new Jodhpur store is a testament to that. The city’s rich heritage and creative spirit inspired us to design a space that’s as unique as the people who live here. We can’t wait for the people of Jodhpur to experience our products in this vibrant new setting. It’s a milestone we’ve been eagerly looking forward to, and we’re thrilled to bring The Souled Store’s spirit of fun and creativity to the heart of Rajasthan.”

The new store features The Souled Store’s signature collection of clothing and accessories, all inspired by pop culture, with a strong focus on quality and self-expression. Whether customers are fans of retro designs, comic book heroes, or unique fashion statements, the store offers something for everyone.

With a visually striking exterior, immersive design, and an eclectic product range, The Souled Store’s Jodhpur outlet is now open to customers, promising to be a must-visit destination for fashion enthusiasts in the region.

Gargi by P N Gadgil and Sons (PNGS) has introduced ‘Utsaav’, a new sub-brand focused on wedding, party, and festive jewellery, further expanding its retail footprint in India. The collection merges traditional craftsmanship with modern designs, catering to customers looking for statement jewellery pieces.

Utsaav’s collection includes earrings, necklaces, pendants, rings, bracelets, bangles, and kadas, available in oxidized, cocktail, and wedding styles. The brand is offering a flat 30 percent discount on jewellery to mark the launch.

Aditya Modak, Co-Founder of Gargi by PNGS stated, "Jewellery should never be an afterthought; it should be the showstopper. With Utsaav, we are not just launching a collection but redefining how today’s generation embraces tradition. This is jewellery that speaks, celebrates, and demands attention. Whether it’s a grand wedding or just another day, Utsaav is here to make every moment unforgettable."

Gargi has been expanding across Maharashtra and Delhi, surpassing its Rs 100-crore revenue target in December 2024, ahead of the projected March 2025 timeline. The brand recently opened a new store at Seasons Mall, Pune, on January 31, 2025, and another in Gurgaon on February 8, 2025.

The Utsaav collection is available online at www.utsaav.shop and in Gargi stores, with services including free shipping, COD, and secure payments, ensuring accessibility for customers.

Cut&Style, one of India’s fastest-growing salon chains, has officially launched its newest store in Sector 119, Noida, further solidifying its presence in the Delhi-NCR region. This new opening marks a significant milestone in the brand’s journey, as it becomes the first and only premium salon destination in this thriving locality.

Celebrating 25 years of excellence, Cut&Style’s expansion into Noida is part of its broader strategy to bring luxury salon services closer to India’s rapidly evolving urban landscape. To celebrate this grand occasion, the brand is offering an exciting 100 percent Cashback on all services throughout the month of February, inviting customers to experience its premium offerings at an unbeatable value.

The new salon in Sector 119 promises a unique experience, providing a tranquil escape from the stresses of daily life. Known for its high-quality services and luxury treatments, Cut&Style currently operates 130 stores across India and plans to expand its footprint to 200 outlets by the end of 2025, positioning itself as a leader in India’s growing beauty and wellness sector. This growth strategy aligns with the brand’s commitment to enhancing its market position while catering to an increasingly diverse and affluent customer base.

Aditya Sharma, Chief Executive Officer, Cut&Style said, “The launch of our new Cut & Style store in Noida Sector 119 marks a significant milestone in our 25-year journey. While Noida itself is a rapidly expanding market, it can be the next Gurgaon for us in terms of expansion. This locality stands out, particularly with a dynamic population looking for high-quality salon services. We're proud to be the only salon here. We believe in empowering individuals to look and feel their best. For today's consumers, personal care is no longer a luxury; it's a priority. We've noticed a significant shift in consumer behavior, highlighting strong demand for the premium yet affordable offerings we provide. At Cut & Style, the positive feedback from our growing customer base is our greatest motivator which drives us to expand our footprint across the country.”

With aggressive expansion plans in place, Cut&Style aims to open at least 25 new outlets across India by the end of 2025. The brand’s continued growth is expected to inspire confidence among investors, strengthening its reputation as a leader in the beauty and wellness industry. By tapping into the untapped market of Noida Sector 119, Cut&Style is poised to become India’s go-to salon brand for discerning customers who seek top-notch services and premium experiences.

Marks & Spencer (M&S) has strengthened its international leadership team with three key appointments, reinforcing its commitment to strategic growth in global markets.

Manish Kapoor is set to assume the role of managing director at M&S India in April, transitioning from his position at Pepe Jeans, where he played a pivotal role in driving business expansion. Victoria Jones, who previously held leadership roles at Clarks, has already stepped into the position of commercial director, international. Richard Davies has been promoted to international partnerships director, building on his experience as head of category for brands at M&S.

These leadership changes come as part of M&S’s broader international business reset, an initiative aimed at fostering sustainable expansion through capital-light partnerships and an enhanced multi-platform online strategy. The company is focused on streamlining operations and leveraging new market opportunities while ensuring a seamless shopping experience for customers worldwide.

All three executives will report to Mark Lemming, Managing Director, International, who was appointed last year to lead M&S’s efforts in reshaping its global presence. His leadership is expected to drive innovation and strengthen the company’s foothold in key international markets.

The company’s international business reset is designed to streamline operations, enhance efficiency, and strengthen relationships with key stakeholders. By investing in leadership talent and refining its global approach, M&S is positioning itself for sustained success in competitive markets. The retailer is also placing greater emphasis on localizing its offerings to meet the evolving needs of diverse consumer bases while maintaining its signature brand identity.

"Our international business reset prioritizes careful, strategic action to build a strong base for long-term growth. These appointments are crucial to this plan. Manish, Victoria, and Richard each bring valuable experience and fresh perspectives to our international reset and future growth strategy,” shared Mark Lemming.

With these strategic appointments, M&S aims to enhance its global operations, foster strong partnerships, and build a resilient foundation for sustained international success.

Bajaj Consumer Care Limited has announced the acquisition of Vishal Personal Care Pvt. Ltd the parent company of Banjara’s, a well-known hair and skincare brand. This move aligns with Bajaj Consumer Care’s strategy to strengthen its retail presence in India and expand its portfolio in the growing natural and Ayurvedic personal care segment. The announcement was made on February 14, 2025, following a board meeting of Bajaj Consumer Care, which owns Bajaj Almond Drops.

Under the agreement, Bajaj Consumer Care will acquire 100 percent of Vishal Personal Care in a two-phase transaction, starting with an initial 49 percent stake, followed by the remaining 51 percent in the second tranche. The deal is valued at approximately Rs 120 crore, with an enterprise value of Rs 108.3 crore.

Founded in 1991 in Hyderabad, Vishal Personal Care has built a strong reputation with Banjara’s, offering a range of natural hair and skincare products, including facial kits, herbal powders, aloe vera gels, shampoos, and hair care powders. The brand has a significant retail presence, with distribution across 70,000 outlets in South India, including cosmetics stores, supermarkets, pharmacies, and grocery chains.

Banjara’s has maintained a four-year CAGR of 14 percent and an annual revenue exceeding Rs 50 crore. The company operates with high single-digit EBITDA margins and remains debt-free with positive cash flow. Bajaj Consumer Care aims to expand its presence in organized retail and global markets by capitalizing on the demand for natural personal care products.

Jaideep Nandi, Managing Director of Bajaj Consumer Care said, “Acquisition of Vishal Personal Care Pvt. Ltd. is a strategic step in strengthening Bajaj Consumer Care's footprint in the five southern markets. The addition of Banjara’s to our portfolio enhances our ability to serve the evolving consumers across India, while also complementing our product range for further expansion."

With this acquisition, Bajaj Consumer Care continues to focus on growth, product diversification, and strengthening its market position in India’s retail and personal care sector.

Lotte India has announced the relaunch of its Eclairs Choco, featuring an upgraded formula with 30% more chocolate. This move aligns with the company’s strategy to strengthen its position in India’s retail confectionery market by offering enhanced product experiences. The new version promises a creamier texture and richer chocolate flavor, targeting a broad consumer base across the country.  

The enhanced Eclairs Choco aims to meet the growing demand for high-quality confectionery products in India. With a smoother consistency and deeper chocolate taste, the product is positioned as both a quick snack and a treat for special occasions. This relaunch reflects Lotte India’s broader efforts to expand its footprint in the confectionery sector and cater to evolving consumer preferences.  

The new Eclairs Choco is now available in retail outlets across India. It comes in various pack sizes, including Rs 50 and Rs 100 options, alongside individual pieces priced at Re 1 and Rs 2. By offering a richer taste and wider availability, Lotte India aims to increase its market presence and appeal to a diverse range of consumers.

Livpure has recorded a 34 percent increase in total revenue in Q3 FY25 compared to the previous year. The company has secured the top position in the offline embedded service market for water purifiers, reinforcing its leadership within the industry.  

The company’s growth reflects its focus on innovation, customer-centric strategies, and operational efficiency. This approach led to a 149 percent year-over-year increase in Q3 EBITDA. Livpure also achieved an industry-leading Net Promoter Score (NPS) of 81, according to Litmus, indicating strong customer loyalty in both the water purification and broader home solutions segments.  

Growth was recorded across multiple sales channels. General Trade saw a 108 percent increase, while Modern Trade grew by 32 percent. The CSD CPC channels also reported a 36 percent rise. This performance highlights Livpure's ability to serve diverse consumer segments through a multi-channel retail strategy in India.  

In terms of product categories, Livpure’s water purifier segment grew by 26 percent, maintaining its leadership in the category. Kitchen appliances saw a 145 percent increase, while air coolers registered 154 percent growth. The company’s Water-as-a-Service (WAAS) segment delivered a 46 percent rise, reflecting a growing consumer interest in subscription-based water solutions.  

Rakesh Kaul, MD of Livpure stated, “Our Q3 results reflect Livpure’s dedication to delivering high-quality solutions that enrich the lives of our customers. The exceptional growth in Q3 revenue by 34 percent and EBITDA growing at as high as 149 percent reflects the trust consumers place in our brand. Our focus remains on continuous innovation, operational efficiency, and market expansion.”  

In addition to financial growth, Livpure launched the ReLiv program, aimed at supporting women re-entering the workforce after a career break. The initiative is part of Livpure’s broader efforts to promote diversity and inclusion within its workforce.  

With a foundation built on innovation, customer trust, and strategic market expansion, Livpure anticipates sustained growth in the coming quarters. The company’s investments in technology and continued focus on expanding its market presence are expected to further strengthen its leadership in India’s home solutions and water purification sectors.

Samsung, India’s leading consumer electronics brand, has introduced *Galaxy Empowered*, a community-led programme aimed at integrating technology into the education sector. This initiative focuses on equipping teachers, principals, and administrators with tools to enhance classroom learning, reflecting Samsung's growing involvement in the retail and education sectors across India.  

Launched in the presence of Abhinav Bindra, Olympic Gold Medallist, the programme seeks to foster innovation in teaching through a combination of on-ground and online learning events. “*Galaxy Empowered*” is designed to prepare educators for technology-driven classrooms, providing them with resources to incorporate modern pedagogies.  

“With *Galaxy Empowered*, we provide teachers the tools to enhance student engagement and create lasting educational impact. By investing in teacher development, Samsung empowers educators to maximize their classroom impact, supporting the backbone of the education system,” said Raju Pullan, Senior Vice President, MX Business, Samsung India.  

Since December 2024, over 2,700 teachers across India have received certifications through live training sessions under the programme. Samsung aims to reach 20,000 educators by 2025, with the Delhi phase covering 250 schools. The company has partnered with Mahattattva Educational Advisory and STTAR, appointing specialized trainers and academicians to support the initiative.  

Abhinav Bindra said, “Education lies at the heart of societal progress, and Samsung has recognized the importance of enabling teachers with the right tools and support to harness technology in the classroom. By empowering teachers and education administrators, Samsung is fostering an ecosystem where technology enhances learning, bridges gaps, and shapes the future of education.”  

Aditya Babbar, Vice President, MX Business, Samsung India added, “Samsung’s *Galaxy Empowered* initiative bridges gaps by providing educators with access to advanced technology, blended learning tools, and a supportive community. Through online and in-person professional development, teachers can effectively integrate technology into their classrooms.”  

The *Galaxy Empowered* programme focuses on three main pillars:  

1. Technology Upskilling: Flexible online training, physical bootcamps, and a library of resources to help teachers use digital tools, including gamification strategies and virtual classrooms.  
2. Hands-On Training and Certification: Workshops, mentorship opportunities, and certification to enhance educators' skills and recognize achievements. Specialized resources for curriculum design and educator well-being are also included.  
3. Collaboration and Networking: A community platform for peer-to-peer networking, access to industry experts, and participation in educational panels and keynote sessions.  

Samsung is also offering exclusive perks to participants, such as discounts on smartphones, tablets, laptops, and other consumer electronics. Additional benefits include extended warranties, free insurance, and time-limited deals for educators and school leaders involved in the programme.  

*Galaxy Empowered* is available at no cost to educators and schools, with the goal of advancing professional development and improving educational outcomes across India.

Raymond Lifestyle has announced that its board has accepted the resignation of Managing Director and board member Sunil Kataria. Kataria is stepping down to pursue personal aspirations outside the company. This leadership change comes as Raymond Lifestyle continues to strengthen its retail operations in India.

To maintain operational continuity, the company’s senior management team, led by Executive Chairman Gautam Hari Singhania, will oversee day-to-day business activities during the transition period. The board will also begin the process of identifying and appointing a new Chief Executive Officer.

“Sunil (Kataria) has been instrumental in strengthening Raymond Lifestyle’s market presence and leading the company through phase one of our transformation,” Singhania said in a statement. He emphasized that the company remains on a solid foundation with an experienced leadership team in place.

Singhania further noted, “As we navigate evolving market opportunities, we are confident of attracting top talent to accelerate our growth trajectory.”

Kataria stated, “I am thankful to Singhania and the entire Raymond Lifestyle team for this unique opportunity to lead a brand with such a rich legacy. It has been an enriching journey, and I am proud of the progress we have made together. I leave with great confidence in the company’s future and its ability to achieve new milestones.”

As Raymond Lifestyle moves forward, the focus will be on ensuring a smooth leadership transition while continuing to build on its retail growth strategy in India.

Aequs Private Ltd. and Brazilian homeware company Tramontina have entered a joint venture to produce cookware and consumer products for the retail market in India and international markets. The new entity, Aequs Cookware Pvt. Ltd. (ACPL), is a 50:50 partnership and will operate from Aequs’ manufacturing facilities at the Hubballi Durable Goods Cluster (HDC) in Karnataka. This will be Tramontina’s first manufacturing unit outside the Americas, marking a significant step in its global expansion strategy.  

The joint venture aims to leverage India’s competitive manufacturing environment under the Make in India initiative. Tramontina brings over a century of experience in cookware manufacturing and product development, while Aequs contributes its precision manufacturing expertise. The partnership will also benefit from HDC's 400-acre consumer ecosystem, offering integrated manufacturing infrastructure.  

Aravind Melligeri, Chairman and CEO of Aequs said, “We are thrilled to partner with Tramontina and bring their 100+ years expertise of cookware manufacturing to India. This collaboration is a testament to our capabilities, and together, we aim to establish this joint venture as a leader in cookware manufacturing from India. The growing global demand for premium cookware presents a tremendous opportunity, and this partnership positions us to serve both domestic and global markets. By combining Aequs’ integrated manufacturing ecosystem with Tramontina’s global strength, we will drive innovation, efficiency, and scale to deliver world-class products.”  

Eduardo Scomazzon, Chairman of the Board of Directors at Tramontina added, “We are happy and excited about this joint venture with Aequs. In addition to enabling a more effective presence in the Indian market, the Hubballi unit will allow us to serve the global market with high-quality products under highly competitive conditions.”  

The joint venture includes an investment of up to Rs 800 million. Tramontina, which has been in the manufacturing industry for over 113 years, offers a portfolio of more than 22,000 kitchenware and household products, sold across 120 countries.  

Tramontina entered the Indian retail market last year with an omnichannel strategy targeting general commerce, modern retail, and e-commerce platforms. The company launched several lines of knives, accessories, and kitchen utensils, introducing over 130 products tailored for Indian consumers. This joint venture is expected to strengthen Tramontina’s market presence in India and expand its reach across Asia.

Indo National Limited, the manufacturer of the Nippo brand, has entered India’s aerosol market with the introduction of ‘Swooper Aerosol,’ a smokeless, fast-action mosquito repellent. This product adds a new category to Nippo’s home care portfolio, focusing on a power-free, quick-acting solution for mosquito control. The company’s move aligns with its broader retail strategy to capture a significant share of India’s aerosol market, valued at approximately Rs 1,000 crore annually and projected to grow at a 7.2 percent CAGR.  

Swooper Aerosol addresses common consumer concerns with mosquito repellents, such as slow results, strong odors, and frequent reapplication needs. Designed for convenience, the product claims to create a mosquito-free environment with just four sprays, offering up to eight hours of protection. It also features a sandalwood fragrance to enhance the user experience.  

Pavan Kumar BVS, CEO of Nippo stated, “With the launch of Swooper, we are excited to expand our portfolio in the home care segment and bring a fresh perspective to the market. Our innovative approach to mosquito protection is designed to meet the modern consumer’s desire for both efficiency and a pleasant experience at home. We’re targeting a market share of 10% in the aerosol segment and aim to clock a target revenue of Rs 100 crore in three years’ time through this segment and anticipate strong consumer adoption with our innovative approach.”  

The product is priced at Rs 245 for 50ml and is currently available through e-commerce and quick commerce platforms like Amazon and Zepto. The company plans to expand its distribution to general trade (GT) and modern trade (MT) channels by March 2025.  

With this launch, Indo National continues its focus on providing practical solutions to meet household needs while positioning itself for growth in India’s retail market.

Bata India Ltd, one of the country’s leading footwear brands, posted a marginal 1.2 percent increase in its consolidated net profit for the third quarter ended December 2024, reaching Rs. 58.7 crore. The company reported a net profit of Rs. 57.97 crore during the same period last year, according to its regulatory filing.

Revenue from operations grew by 1.69 percent, amounting to Rs. 918.79 crore for the quarter under review. Bata India attributed this growth to a "volume-led revenue increase" and an expansion in EBIDTA margin by 141 basis points, leading to a profit after tax (PAT) of Rs. 58 crores, as stated in its earnings report.

The company also accounted for a one-time exceptional expenditure of Rs. 10.8 crore towards a voluntary retirement scheme (VRS) at one of its factories. This, it stated, aligns with its long-term strategy to enhance capability, agility, and efficiency in its supply chain.

Total expenses for the quarter stood at Rs. 840.57 crore, reflecting a slight year-on-year increase, while total income, including other income, rose by 1.54 percent to Rs. 928.65 crore.

Despite subdued demand, Bata India was able to achieve volume growth, said Managing Director and CEO Gunjan Shah. "We saw double-digit growth in Hush Puppies, through our premium offerings. These strategies helped us sustain margins," he noted. He further highlighted the strong performance of the company’s e-commerce segment, stating, "We saw robust growth in our e-commerce channel with a new and revamped website."

Bata India’s market expansion has been driven by its omni-channel initiatives, including entry into quick-commerce and continued expansion into newer towns, Shah added.

Looking ahead, he expressed optimism about demand recovery. "We remain optimistic about demand recovery basis concerted efforts on driving volume-based revenue growth, by offering affordability and freshness. We will continue to move ahead with cautious control on costs and focus on efficiency and productivity," he stated.

On Monday, shares of Bata India Ltd closed at Rs. 1,339.55 on the BSE, reflecting a 0.39% increase.

KISNA Diamond and Gold Jewellery, one of India’s leading jewelry brands, has officially inaugurated its 63rd exclusive showroom at Nemani Chawl, 1st Gaothan Lane, Santacruz West. This milestone underscores KISNA’s commitment to making luxury diamond and gold jewelry more accessible, aligning with its vision of ‘Har Ghar KISNA.’

The grand launch was attended by Ghanshyam Dholakia, Founder & Managing Director of Hari Krishna Group, franchise owner Pareen Gogari, and other esteemed dignitaries. To mark the occasion, KISNA is offering up to 100 percent off on diamond jewelry-making charges and up to 25 percent off on gold jewelry-making charges, giving Santacruz residents an exclusive opportunity to experience fine craftsmanship.

As KISNA’s second exclusive showroom in Mumbai, this expansion represents a key step in the brand’s strategic growth. Recognizing Mumbai’s rich legacy in fine jewelry and artisanal craftsmanship, the showroom serves as a testament to KISNA’s mission of bringing premium diamond and gold jewelry closer to customers in the region.

Ghanshyam Dholakia, Founder & Managing Director, Hari Krishna Group said, “The opening of our 63rd exclusive showroom is more than just an expansion—it is a testament to our unwavering commitment to craftsmanship, trust, and excellence. At KISNA, we aspire to bring world-class diamond jewelry into every home, making luxury an accessible experience for all. This showroom reflects our vision of redefining elegance and making timeless designs part of everyday life.”

Parag Shah, Director, KISNA Diamond & Gold Jewellery added, “Santacruz, with its cosmopolitan charm and refined taste, is an ideal location for our newest showroom. We have meticulously curated an experience that blends KISNA’s heritage of trust with modern sensibilities, ensuring that every piece resonates with contemporary jewelry enthusiasts. We invite everyone to immerse themselves in the sophistication, artistry, and impeccable craftsmanship that define KISNA.”

Pareen Gogari, Franchise owner stated, “Partnering with KISNA is an honor, and bringing its exquisite collection to Santacruz is a privilege. This showroom is designed to offer a luxurious and seamless shopping experience, catering to the evolving preferences of our customers. We are excited to create an environment where jewelry lovers can explore, admire, and find pieces that truly complement their individuality and style.”

Designed to provide a spacious and opulent shopping experience, the new showroom offers an extensive collection of 100 percent IGI-certified diamond jewelry and BIS Hallmarked gold pieces. Customers can browse a diverse range of jewelry, including daily wear, bridal collections, and exclusive Valentine’s Day designs featuring heart-shaped diamonds and love-inspired motifs. The showroom reflects Santacruz’s local aesthetic while maintaining KISNA’s signature elegance, ensuring a curated selection for every occasion.

KISNA continues its rapid expansion, with plans to open new showrooms across metropolitan, Tier I, Tier II, and Tier III cities, reinforcing its goal of becoming India’s most accessible and trusted jewelry retailer. The Santacruz showroom stands as a testament to KISNA’s dedication to quality, sophistication, and community engagement.

After the remarkable success of its flagship store in Gurugram, Essentia Home has made an impressive entry into the capital with its second store on MG Road in the Delhi Design District. Founded by Hardesh and Monica Chawla, the creative minds behind Essentia Environments, the new store signifies a significant milestone in their 25-year journey of revolutionizing luxury interiors. Leading this initiative is Hridik Chawla, who heads the Essentia Home Experience Center, ensuring a seamless experience for designers, architects, and luxury lifestyle enthusiasts.

Spanning 20,000 sqft across five levels, the flagship store offers a thoughtfully curated experience, blending global sophistication with indigenous craftsmanship. It features an extensive range of bespoke furniture and sculptural statement pieces, state-of-the-art kitchens that combine elegance with functionality, handcrafted soft furnishings, rugs, curated artworks, luxury vanities, lighting, and decorative accents. The store reflects Essentia Home’s design philosophy, The Fifth Dimension, which harmonizes form, function, and emotion to create visually stunning and balanced interiors.

Strengthening its luxury offerings, Essentia Home has become the exclusive North India partner for Rimadesio, an internationally acclaimed Italian brand specializing in high-end wardrobes, sliding doors, architectural systems, and furniture. The store’s ground floor is dedicated entirely to Rimadesio, making it the largest display of the brand’s products in India.

“Rimadesio’s clean lines, muted tones, and unparalleled craftsmanship align seamlessly with our design philosophy. As a global leader in high-end wardrobes and sliders, their bespoke offerings are essential for luxury interiors. We are thrilled to bring Rimadesio into the Essentia Home experience,” shared Hardesh Chawla, Founder, Essentia Home.

Essentia Home was established with a vision to seamlessly merge design and execution. To achieve this, the company set up a 1,50,000 sqft state-of-the-art manufacturing facility, combining advanced technology with masterful craftsmanship. “Our goal was to significantly reduce, if not eliminate, the challenges of working with multiple agencies while ensuring that design concepts are executed flawlessly. Training and incentivizing our in-house teams to deliver perfection has proven to be far more effective than outsourcing,” added Hardesh Chawla.

The store features over 1,000 meticulously crafted products, including bespoke furniture, wall panels, kitchens, vanities, soft furnishings, fragrances, artworks, and sculptures. Strategic collaborations with Melogranoblu (lighting) and Ichendorf (glassware) enhance the overall collection. The highlight of their stone collection includes exclusive in-house Rajasthan marble finishes, while carpets are produced in Bhadohi.

Designed to be fully immersive, the store offers real-time visualization of curated interiors, featuring sculptural living and dining spaces, luxurious bedrooms with automated beds and plush linens, designer kitchens that balance innovation and aesthetics, and outdoor spaces designed as private retreats. The experience is completed with Essentia’s signature fragrances and candles, adding an element of sensory luxury.

“Essentia Home is about bringing high design, impeccable craftsmanship, and superlative service closer to our customers. Our collections offer an unmatchable range and value—from furniture to soft furnishings, fragrances, and décor – all crafted in India,” stated Hridik Chawla, Director, Essentia Home.

With its second store now open, Essentia Home further strengthens its reputation as a leader in contemporary luxury interiors. Whether you’re an architect, designer, or a design enthusiast, the store invites you to explore and experience world-class craftsmanship and innovation. Visit Essentia Home on MG Road and step into a new era of luxury living.

Mia by Tanishq, one of India’s trendiest precious fine jewellery brands, has announced its collaboration with Swiggy Instamart, marking a significant entry into the fast-growing quick commerce sector. This partnership will allow customers to purchase Mia’s exquisite silver jewellery collection on Swiggy Instamart across more than 35 cities, including Gurgaon, Delhi, Kolkata, Pune, Bengaluru, Chennai, Mumbai, and Hyderabad.

Starting this week, customers can enjoy the convenience of doorstep delivery of Mia’s stunning silver jewellery in under 10 minutes. This move aligns with Mia by Tanishq’s strategy to expand its omnichannel presence, making its jewellery more accessible through diverse sales channels.

By leveraging Swiggy Instamart’s expertise in quick commerce—renowned for its seamless operations and communication excellence—Mia aims to enhance the e-commerce experience for consumers. The collaboration taps into the growing demand for precious jewellery in the quick commerce market, offering stylish and elegant pieces for various occasions. Whether for a special event or a last-minute thoughtful gift, Mia’s silver jewellery will now be just a few clicks away.

Sampurna Rakshit, Marketing & E-commerce Head, Mia by Tanishq shared, “This is an effort at our end to prioritise our consumers convenience and be present wherever the users are. Owing to Mia’s exquisite design language coupled with our affordable pricing, we have always been India’s favourite gift of choice. As quick commerce transforms the way India shops, consumers are also looking for stylish jewellery gifting options from trusted brands. So we are thrilled to partner with Swiggy Instamart, who can get many more consumers to access and experience our brand at their fingertips.”

This strategic partnership underscores a growing trend in the Indian retail landscape, where quick commerce platforms are becoming key touchpoints for consumers who prioritize convenience. By making Mia’s silver jewellery easily accessible through Swiggy Instamart, the collaboration ensures that customers can shop for elegant, high-quality jewellery effortlessly and instantly.

Laneige, the globally celebrated skincare brand known for its cutting-edge hydrating formulas, has announced its official launch on Zepto, a leading quick-commerce platform. Laneige products have already made their appearance on Zepto in most metro cities, making its iconic skincare solutions more accessible than ever.

With the rise of quick-commerce, beauty enthusiasts increasingly seek faster and more convenient ways to shop for their favorite products. Recognizing this shift, Laneige’s partnership with Zepto ensures that consumers can now receive their must-have skincare essentials in record time. The brand’s bestselling products, including the Lip Sleeping Mask, Lip Glowy Balms, and the revolutionary Water Sleeping Mask, will be just a few taps away for customers looking to elevate their skincare routines effortlessly.

Paul Lee, Country Head of Amorepacific India, added, "At Laneige, we are always seeking new and creative ways to make our premium skincare products more accessible. Our collaboration with Zepto represents a thrilling advancement in this effort, allowing us to deliver the distinctive Laneige experience directly to our customers’ doorsteps faster than ever. As we continue to grow in India, this partnership highlights our dedication to offering both convenience and top-tier skincare solutions for today’s busy, on-the-move consumers. We are excited to be part of this journey and eager to serve both our existing and new customers."

The partnership also reflects Zepto’s commitment to diversifying its product offerings beyond groceries and everyday essentials, catering to the evolving needs of modern consumers who prioritize both convenience and quality. As quick-commerce continues to reshape the retail landscape, Laneige’s presence on Zepto further cements its position as a forward-thinking beauty brand that understands and adapts to contemporary shopping habits.

With this latest expansion, Laneige continues to redefine the future of beauty retail in India, ensuring that premium skincare is now just a tap away.

Amazon India has launched a unique ‘Suvidha Kiosk’ at the 2025 Maha Kumbh Mela in Prayagraj, Uttar Pradesh, offering seamless shopping and essential services to millions of attendees. Designed to cater to the diverse needs of visitors, the kiosk enables pilgrims to order from Amazon’s vast selection of crores of products—including mobile phone chargers, garments, shoes, pooja samagri, and blankets—and pick them up directly from the kiosk or have them delivered to a local address within a 3km radius.

Set up at Kumbh Kutir, Sector 24, Arail, Prayagraj, the facility serves as a dual-purpose hub, handling both order pickups and returns. Attendees looking to return an Amazon order can initiate the process through the Amazon app and conveniently drop off their products at the kiosk.

Beyond shopping and logistics, the Suvidha Kiosk also offers essential amenities, including a resting area with chairs, drinking water, mobile phone charging stations, and first aid kits. The facility operates daily from 7:00 AM to 10:00 PM until 26th February, ensuring accessibility for attendees throughout the festival.

"The Maha Kumbh Mela brings millions of attendees to Prayagraj who spend most of their day at the festival grounds, away from their local accommodations. Our Suvidha Kiosk addresses this unique situation by providing a convenient option for them to pick up or return their Amazon orders right within the Maha Kumbh Mela grounds. This initiative reflects Amazon's commitment to innovation and customer-centric solutions, even in unique circumstances," said Karuna Shankar Pande, Vice President, Amazon Logistics, India.

In another thoughtful initiative, Amazon India has introduced an upcycling project, repurposing its signature cardboard packaging boxes into portable beds to provide comfort to pilgrims. These upcycled beds, available at no cost, aim to offer attendees a chance to rest comfortably during the festival.

Amazon has worked closely with Maha Kumbh authorities to strategically place these beds in key areas within the festival grounds. A significant portion has been allocated to the Lost and Found Center, offering support to those in distress, while others are made available to the general public. Additionally, some of these beds have been provided to Kumbh Police Karmacharis and Kumbh Hospital staff, ensuring they serve a diverse range of needs.

FSN E-Commerce Ventures Limited, widely known as Nykaa, has announced its financial results for the third quarter of FY25, reflecting robust growth across its beauty, fashion, and retail segments. The company’s consolidated Gross Merchandise Value (GMV) grew by 25 percent year-over-year (YoY), reaching Rs. 45,279 million, while revenue from operations saw an even stronger growth of 27 percent YoY, totaling Rs. 22,672 million. Nykaa’s EBITDA rose significantly by 42 percent YoY to Rs. 1,408 million, leading to an expansion in EBITDA margins to 6.2 percent from 5.5 percent in the previous year. Additionally, profit before tax surged 68 percent YoY to Rs. 446 million, while net profit for the period increased by 51 percent YoY, reaching Rs. 264 million.

Nykaa’s beauty vertical demonstrated accelerated momentum, recording a 32 percent YoY growth in GMV, amounting to Rs. 33,899 million. This was driven by a surge in its customer base, with Nykaa’s cumulative beauty customers reaching 32 million and its One Nykaa platform expanding to 40 million users. Order volumes witnessed the highest growth in the past nine quarters, up by 30 percent YoY. Nykaa’s offline presence continues to scale up, reinforcing its position as India’s largest beauty retail network. With 221 stores across 73 cities, the company added 47 new outlets over the past year, increasing its retail footprint by 31 percent YoY. Its retail space now spans 2.1 lakh square feet, including flagship stores that offer premium shop-in-shop experiences and differentiated beauty services, driving higher average order values (AOVs) and profitability.

Nykaa has also made significant strides in bringing global beauty brands to India, launching over 200 new names in Q3 FY25, including renowned international brands like Kérastase, NARS, Tirtir, Axis-Y, and Eucerin. Many of these have already secured spots among the top 100 brands on the platform. Meanwhile, the company's in-house brands, under the "House of Nykaa" umbrella, continue to scale at an impressive pace. Since its IPO, this portfolio has grown threefold, with an annualized GMV run rate of Rs. 24,000 million, of which beauty contributes Rs.19,000 million.

The company’s flagship beauty brands—Nykaa Cosmetics, Kay Beauty, and Dot & Key—continue to perform exceptionally well, reflecting strong customer demand. Dot & Key, acquired by Nykaa, has emerged as one of the most successful acquisition stories in Indian beauty, scaling 15x in the last three years and now achieving an annualized GMV run rate of Rs. 9,000 million and NSV run rate of Rs. 5,100 million, with strong profitability. Strengthening its brand presence, Nykaa Cosmetics has introduced Bollywood’s rising star Rasha Thadani as its new face. The brand aims to inspire self-expression and elevate beauty standards through innovative, high-performance products. Kay Beauty, co-founded by Bollywood actress Katrina Kaif, marked its fifth anniversary this quarter and has witnessed a fourfold increase in GMV over the past three years, reaching an annualized GMV of Rs. 3,300 million. The brand’s offline presence spans over 150 cities, 221 Nykaa stores, and more than 520 other retail locations.

Nykaa’s B2B beauty distribution arm, Superstore by Nykaa, recorded remarkable growth with a 53 percent YoY increase in GMV. Within just three years of operations, the platform has scaled 12x, crossing Rs. 10,000 million in annualized GMV and serving over 256,000 retailers in 1,100+ cities and towns. Improved contribution margins, higher featured brand shares, and increased ad revenues have helped enhance profitability, with contribution margins improving to -12.1 percent from -17.2 percent a year ago.

Nykaa Fashion also saw a steady 21 percent YoY revenue growth despite a challenging demand environment, with GMV increasing by 8 percent YoY. The platform’s content-driven approach, backed by its acquisition of Little Black Book (LBB), contributed to its expansion, with successful marketing campaigns such as Nykaaland and 'Nykaa Wali Shaadi' boosting brand visibility and engagement. Gross margins improved significantly to 51.3 percent in Q3 FY25 from 43.9 percent a year ago, aided by a rise in content income and revenue from services. The company's efforts to enhance cost efficiencies across fulfillment and distribution also contributed to improving EBITDA margins, which now stand at -5.4 percent compared to -7.3 percent in Q3 FY24.

Nykaaland 2024, India's premier beauty and lifestyle festival, saw a remarkable 1.7x increase in footfall, attracting over 25,000 attendees. The event featured masterclasses by global beauty experts such as Sofia Tilbury and Patrick Ta, along with major brand launches from Clinique, Sol de Janeiro, and GHD. Additionally, the debut of Foot Locker in India and exclusive fashion showcases from brands like Revolve and Cover Story reinforced Nykaa’s expanding influence in both beauty and fashion.

Nykaa’s consolidated results include the performance of its wholly owned subsidiaries, along with its key brands—Dot & Key, Kay Beauty, and Earth Rhythm—highlighting the company’s continued commitment to innovation, expansion, and customer engagement.

Cantabil Retail India Ltd., one of the country’s leading apparel manufacturers and retailers, has unveiled its ambitious goal of achieving Rs. 1000 crore in revenue as it strengthens its presence across India. The company’s strategic expansion aligns with its vision of making quality and affordable fashion more accessible to customers nationwide.

In FY24, Cantabil recorded a recurring revenue of Rs. 616 crore, demonstrating strong annual growth and reinforcing its operational excellence. As part of its growth strategy, the brand is focusing on expanding into Tier II and Tier III cities, aiming to bridge the fashion gap and reach a wider consumer base in India’s growing retail sector.

“Our vision is to make Cantabil a household name in fashion retail across India. The target of achieving Rs. 1000 crores in revenue by 2027 reflects our commitment to delivering value to our customers and stakeholders. With a focus on Tier II and Tier III cities, we aim to bridge the fashion gap and create new benchmarks for growth,” shared Deepak Bansal, Director, Cantabil Retail India Ltd.

Founded in 2000, Cantabil Retail India Ltd. has established itself as a prominent brand in the design, manufacturing, branding, and retailing of apparel under the Cantabil name. The brand is unique in catering to men, women, and children under a single label, offering a comprehensive collection of formal and casual wear, trousers, denim, suits, blazers, jackets, woolens, accessories, and more. Over the years, Cantabil has expanded its portfolio, launching women’s wear in 2007 and a kids’ line in 2018, further cementing its reputation as a trusted family-wear brand.

In addition to apparel, Cantabil has diversified into the accessories market, introducing products such as perfumes, deodorants, towels, innerwear, wallets, and trolleys. The brand also offers a robust online shopping experience through its official website, Cantabilshop.com, and is available on leading e-commerce platforms like Myntra, Ajio, Flipkart, and Amazon.

With its customer-centric approach and aggressive expansion strategy, Cantabil Retail India Ltd. is poised to redefine the Indian fashion retail landscape, bringing stylish and high-quality apparel to a broader audience.

Indriya, the jewelry brand from the Aditya Birla Group, has launched its fifth store in Delhi, marking another milestone in its expansion. Located in Pitampura, a prominent residential and commercial hub, the new store seamlessly blends heritage craftsmanship with contemporary aesthetics, offering customers a personalized and immersive jewelry shopping experience.

Designed to enhance customer engagement, the store features a dedicated kaarigari room and an exclusive bridal lounge, allowing patrons to witness the artistry behind each piece and explore customization options.

Adding to the store’s exclusivity, Indriya introduces its first-ever bridal collection, showcasing an exquisite range of jewelry, including bangles, naths, mathapattis, haathphool, and rings. With designs catering to both minimalist and traditional tastes, the collection reflects the evolving style preferences of modern brides. The new store also offers personalized consultations, where brides-to-be can receive stylist advice and select the perfect pieces for their wedding.

Sandeep Kohli, CEO, Indriya said, "Jewellery today is more than an investment—it is an expression of identity. At Indriya, we focus on distinctive designs, personalized services, and authentic regional influences. With the launch of our new store in Pitampura, Delhi, we continue to bring our craftsmanship to a wider audience in a locality known for its vibrant culture and discerning shoppers. Through our debut bridal collection, we continue to offer jewelry that resonates with women on special occasions, especially weddings.”

Launched in July 2024, Indriya derives its name from the Sanskrit word for ‘five senses,’ symbolizing its dedication to timeless elegance, intricate craftsmanship, and a captivating sensorial experience. Offering an exquisite selection of diamonds, precious gemstones, and artisanal gold, the brand seamlessly merges traditional artistry with modern aesthetics.

Indriya stores serve as more than just jewelry destinations; they celebrate life's most cherished moments. With a special focus on bridal collections, each meticulously designed piece is a timeless heirloom, blending heritage with contemporary styles to ensure every bride feels radiant on her special day. Beyond weddings, Indriya redefines jewelry as a symbol of personal identity and artistic expression, solidifying its position as the go-to destination for every occasion.

Ikea India, the Swedish furniture and home furnishing giant, anticipates achieving operational profitability within the next few years, according to Susanne Pulverer, CEO and Chief Sustainability Officer of Ikea India.

Speaking at a media interaction on Friday, Pulverer noted that the company has navigated challenges such as the COVID-19 pandemic, inflation hikes, and disruptions in supply chains and raw materials. Now, Ikea India is shifting focus towards stabilization and affordability as it enters its next growth phase.

“It (operational profitability) will take a couple of years, but we have a very clear plan to achieve it,” she stated.

According to a RoC filing, Ikea India reported a widened net loss of Rs 1,299.4 crore for FY24. However, its operational revenue rose by 4.5 percent to Rs 1,809.8 crore for the financial year ending March 31, 2024, as per business intelligence platform Tofler.

The company attributed the increase in losses to continued investments in expansion and omnichannel growth.

“We are moving according to plan and progressing towards profitability. There is a structured approach to achieving this, based on several initiatives. One key aspect is maintaining low costs in everything we do, which is part of our core value. We aim to enhance efficiency in our operations, develop more cost-effective touchpoints, and explore ways to reduce expenses,” Susanne Pulverer added.

She also highlighted the rapid growth of online sales, which now account for 30 percent of total sales and are expanding at a faster pace than offline sales.

Ikea initially committed an investment of Rs 10,500 crore upon entering India, which was allocated to opening stores in Hyderabad, Navi Mumbai, and Bangalore, as well as a city store in Worli (Mumbai) and another in a Mumbai mall, which was later closed. Additionally, two Ikea-anchored Ingka Centres projects are underway in Gurugram and Noida and are set to launch in the coming years.

The Gurugram project has made substantial progress, with the shopping center’s structure nearing completion. Pulverer confirmed that it is expected to be operational by 2026. Meanwhile, the Noida project remains in its early stages.

The Noida project, which will feature offices, a hotel, a shopping center, and an integrated Ikea store, is planned on a larger scale than the Gurugram development.

Currently, Ikea India employs nearly 3,000 people and sources 30 percent of its materials locally. The company has recorded over 180 million visitors across its online and offline platforms and boasts more than 2.5 million members in its ‘Ikea Family’ community.

Brainbees Solutions, the parent company of leading mother and baby care retailer FirstCry, significantly reduced its net loss by 69.6 percent year-on-year to Rs 14.7 crore in the October-December 2024 quarter, driven by strong revenue growth.

The company's consolidated operating revenue saw a 14.3 percent increase, reaching Rs 2,172.3 crore, compared to Rs 1,900.1 crore in the same period last year.

“Q3 FY25 has been our best quarter in terms of profitability in the last four years. We have achieved the highest adjusted Ebitda for our consolidated business as well as India multi-channel business in the last four years,” the company stated in its investor presentation.

Revenue from its India multi-channel business grew by 15 percent to Rs 1,510 crore, while its international segment saw a modest rise to Rs 261 crore, up from Rs 230 crore a year ago. Additionally, its subsidiary, GlobalBees, contributed Rs 422 crore to the total revenue.

The company noted that Q3 FY25’s international business growth was affected by heightened promotional activity from new horizontal e-commerce players.

Despite solid growth across segments, FirstCry’s consolidated expenses increased to Rs 2,064 crore in the quarter, compared to Rs 1,841 crore in the preceding quarter. The cost of materials surged by 23.5 percent to Rs 192.8 crore, while employee benefit expenses rose 12.8 percent to Rs 148.9 crore.

FirstCry, which debuted on Indian stock exchanges on August 13, listed at a 40 percent premium over its issue price of Rs 549. The company now boasts an annual transacting consumer base of 9.8 million and offers 1.8 million SKUs from 8,023 brands across its platforms.

As outlined in its red herring prospectus (RHP), the SoftBank and Premji Invest-backed firm plans to utilize its IPO proceeds to establish modern stores under the ‘BabyHug’ brand, develop warehouses, invest in subsidiary Digital Age, expand GlobalBees brands, support international expansion, and enhance sales and marketing initiatives.

Amrut Distilleries, in partnership with Monika Alcobev Limited, has introduced Amrut Kadhambam Whisky at GMR Hyderabad Duty Free. This launch represents a significant milestone in the premium Indian whisky category, offering travelers a chance to experience one of Amrut’s finest creations.

Exclusively available at GMR Hyderabad International Airport Duty Free stores, Amrut Kadhambam provides whisky enthusiasts with an extraordinary opportunity to own this meticulously crafted Indian whisky.

Rakshit N. Jagdale, Managing Director, Amrut Distilleries commented, “Amrut Kadhambam’s exclusive launch at GMR  Hyderabad Duty Free is a testament to our commitment to delivering unique offerings in the travel retail sector. Kadhambam exemplifies the craft and innovation that define Amrut, and we are thrilled to introduce it as part of a memorable experience for global travelers. The intricate combination of cask influences and traditional techniques demonstrates our dedication to excellence and innovation. This launch reflects our ambition to expand Amrut’s presence in travel retail, bringing a truly distinctive taste of India to whisky enthusiasts worldwide. We sincerely appreciate GMR Hyderabad Duty Free for this wonderful collaboration.”

Kunal Patel, MD & CEO, Monika Alcobev Limited stated, “Being the exclusive distribution partner for the launch of Amrut Kadhambam at GMR  Hyderabad Duty Free is an exciting moment for us. The global recognition of Amrut’s whiskies continues to grow, and we are proud to be part of this prestigious event. Amrut Kadhambam’s distinct blend is the perfect addition to GMR Hyderabad Duty Free’s exclusive offerings, and we look forward to sharing it with travelers from around the world.”

Amrut Kadhambam stands apart as the world’s only whisky aged in four distinct casks, reinforcing India’s pioneering role in whisky production. Now available at Rajiv Gandhi International Airport, this exclusive edition is bottled at 50 percent ABV, an uncommon feature for Indian consumers.

True to its name, Kadhambam—meaning “mixture”—is an exquisite fusion of tradition and innovation. The whisky matures in ex-bourbon, rum, ex-Oloroso sherry, and brandy casks, resulting in a complex and multi-layered profile. This limited-edition offering further cements Amrut’s commitment to redefining Indian whisky on a global scale, providing connoisseurs with an unmatched tasting experience.

Girish Nair has been appointed to lead Orkla India’s Eastern Business Unit, with a focus on strengthening the company's presence in Kerala and driving growth for the Eastern brand. Based in Kochi, he brings over 30 years of experience in the food and consumer goods industry to his new role.

Sanjay Sharma, Chief Executive Officer, Orkla India, said, “We are excited to welcome Girish Nair to the Orkla India family as the new CEO of Eastern Business Unit. His extensive industry expertise makes him uniquely positioned to guide the Eastern to its next phase of growth and success.”

Girish Nair said, “Taking the helm at Orkla India for its Eastern Business Unit is both an honor and a responsibility I deeply value. I am eager to work alongside the team to explore new markets and bring innovative products that resonate with our consumers.”

Before joining Orkla India, Girish was part of the leadership team at Olam Group, where he played a key role in establishing the packaged foods business in West Africa. An alumnus of IIT Madras and IIM Bangalore, he has also held leadership positions at Wipro Consumer Products, Bacardi, Britannia, and Dabur. He strongly believes in purpose-driven brands, collaboration, and the power of passion in driving business success. His strategic vision and deep market understanding will be instrumental in shaping the future of Eastern.

PVR INOX reported a nearly three-fold rise in consolidated net profit, reaching Rs 35.9 crore in the third quarter ended December, driven by record-breaking average ticket prices and food and beverage (F&B) spending. The multiplex firm, formerly known as PVR Ltd, had posted a net profit of Rs 12.8 crore in the same period last year, as per a regulatory filing.

Revenue from operations grew 11 percent to Rs 1,717.3 crore in the December quarter, compared to Rs 1,545.9 crore in the year-ago period. “Blockbuster movies propelled Q3 to the highest box office earnings of the year,” the company stated. The success of Pushpa 2 significantly contributed to these earnings, accounting for 36 percent of its Q3 India box office collections and 12 percent of its 2024 India box office collections.

The quarter recorded 3.73 crore admissions, with an average ticket price (ATP) of Rs 281, the highest quarterly average. Additionally, the company reported the highest-ever quarterly F&B spend per head at Rs 140 and advertisement income at Rs 148.6 crore since the pandemic. “This success led to record-breaking average ticket prices and spending per head, reaching Rs 281 and Rs 140, respectively. Advertising revenue also soared to Rs 1,486 million, the highest since the pandemic,” it said.

The October-December period saw strong performances from Tamil and Telugu films, including Junior NTR’s Devara Part-1 and Rajnikanth’s Vettaiyan in October. In November, Hindi cinema saw major hits with Singham Again and Bhool Bhulaiyaa 3, both grossing around Rs 300 crore. Regional films continued their strong performance, with Amaran surpassing Rs 250 crore, becoming the second-highest-grossing Tamil film of the year. “December emerged as the biggest month of the year, driven by the record-breaking release of Pushpa 2. The film grossed over Rs 1,450 crore in India, with its Hindi dubbed version achieving over Rs 900 crore, a new record for the highest-grossing Hindi film ever,” it added.

Total expenses in the December quarter rose 7.9 percent to Rs 1,712.8 crore. Revenue from the movie exhibition business increased 5 percent to Rs 1,638.8 crore, while revenue from movie production and distribution more than tripled to Rs 146.4 crore from Rs 41.2 crore in the corresponding period last year. Total income, including other income, grew 9.6 percent to Rs 1,759.1 crore.

During the quarter, PVR INOX opened 11 new screens, taking its total count to 1,728 screens across 350 cinemas in 111 cities in India and Sri Lanka. As part of its strategy to focus on profitable growth post-merger, the company has added 77 new screens while exiting 67 underperforming ones in the current fiscal. “For the whole year, the company expects to open about 100–110 new screens,” it stated.

Managing Director Ajay Kumar Bijli emphasized the company’s focus on a capital-light model, enhancing free cash generation, reducing net debt, and maintaining cost control. “With a robust content pipeline, a slew of strategic growth initiatives, and continued financial discipline, we are confident in sustaining our leadership and driving long-term value for all stakeholders,” he said.

Shares of PVR INOX Ltd closed at Rs 1,122 on Thursday on the BSE, down 0.91% from the previous close.

Despite a broader consumption slowdown, key Fast Moving Consumer Goods (FMCG) players ramped up their advertising and promotional expenditures in the third quarter of the fiscal year 2025. While companies like Marico, Godrej Consumer Products Ltd (GCPL), and Emami increased their spending, industry giants Hindustan Unilever Ltd (HUL) and Dabur adopted a more cautious stance.

Marico’s Aggressive Strategy Pays Off Parachute oil-maker Marico significantly raised its ad spend by 19 percent year-on-year (YoY) in Q3 FY25, allocating Rs 293 crore compared to Rs 246 crore in the same period last year. The company’s profit rose by 4 percent to Rs 399 crore, with strong growth driven by both price hikes and increased volumes. On a quarterly basis, Marico's ad expenditure saw a marginal rise of 1.03 percent from Rs 290 crore in Q2 FY25.

GCPL Maintains Ad Spend Despite Challenges Despite a decline in net profit, GCPL also increased its advertising outlay. The company's consolidated ad and publicity expenditure rose by 6 percent to Rs 364.37 crore YoY in Q3 FY25. CEO Sudhir Sitapati acknowledged the challenges, citing a slowdown in urban consumption, high palm oil prices, and weak performance in the Household Insecticides segment as key factors affecting topline growth. However, he defended the company’s ad strategy, emphasizing that such issues are temporary.

“We have chosen not to cut our advertising spends and other investments to increase reach like the rural van program, etcetera,” said Sitapati.

GCPL’s consolidated net profit declined by 14 percent YoY in Q3.

Emami’s Measured Approach Boroline-maker Emami reported an 8 percent jump in Q3 profit while increasing its ad expenses by 6 percent to Rs 175.73 crore. The company maintained a balanced approach, aligning advertising spend with overall business performance.

Dabur and HUL Scale Back Advertising Budgets In contrast, Dabur reduced its advertising and publicity expenditure by 7.28 percent to Rs 226.72 crore YoY. CEO Mohit Malhotra justified the move, stating, “I think as the consumption story is not great at the time, there is pressure on the category growth rate. At this time, if the pie is not expanding, I think it's a futile effort to spend so much money on advertising.”

Similarly, Hindustan Unilever (HUL) cut its Q3 FY25 advertising spend by 8 percent to Rs 1,466 crore, compared to Rs 1,593 crore in the same quarter last year. Over the nine-month period (April-December), HUL’s total ad expenditure stood at Rs 4,574 crore, reflecting a 4.5 percent YoY decline. However, the company recorded a 19 percent increase in net profit, reaching Rs 3,001 crore.

As FMCG giants navigate macroeconomic challenges, their varied advertising strategies highlight differing perspectives on balancing growth, profitability, and market expansion.

French cosmetics giant L'Oreal reported its slowest quarterly growth since the pandemic, missing expectations as demand in China remained weak and growth in North America slowed. The company saw a 2.5 percent increase in fourth-quarter sales, down from 3.4 percent in the previous quarter, marking its slowest growth since 2020. Sales for the quarter ending December reached 11.08 billion euros ($11.49 billion), up 2.5 percent on a like-for-like basis, falling short of the expected 4.4 percent rise, according to a consensus compiled by LSEG.

"We expect the shares to react negatively tomorrow, and call commentary to remain cautious on both visibility and the pace of growth recovery," analysts at Jefferies noted.

L'Oreal faced challenges in China, where it lost market share in the mass market to domestic brands such as Proya. The company's dermatology-recommended products, including CeraVe, also encountered increasing competition in developed markets. Sales in North America grew by just 1.4 percent in the fourth quarter, significantly lower than the 5.2 percent growth in the previous quarter and below analyst expectations. In North Asia, revenue declined by 3.6 percent, following a 6.5 percent drop in the prior quarter.

The Luxe division, which includes brands like Valentino and Yves Saint Laurent perfumes, recorded just 1 percent growth, well below the consensus forecast of 5 percent, primarily due to weakness in North Asia. China, which plays a significant role in North Asian sales, was impacted by a muted Singles Day online shopping festival. Analysts suggested that heavy discounts could have led to overpurchasing and subsequent returns, though L'Oreal has not commented on returns. The downturn in China has affected several global companies reliant on discretionary spending. LVMH recently reported weaker-than-expected perfume sales, while spirits maker Pernod Ricard signaled little improvement in Chinese consumer demand, contributing to a cautious outlook for 2025.

L'Oreal stated that mainland China sales declined by low-single digits for the full year of 2024, reflecting a similar drop in the fourth quarter. "The Chinese ecosystem remained challenging," the company said, but added that it outperformed the global market with a 5.1 percent growth for the full year.

"We remain optimistic about the outlook for the global beauty market, and confident in our ability to keep outperforming it and to achieve another year of growth in sales and profit," L'Oreal stated.

In a significant development at the Bengal Global Business Summit (BGBS), Amul, managed by the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), announced the establishment of the world’s largest curd manufacturing facility near Kolkata. With an investment of Rs 600 crore, the integrated dairy plant will be constructed at the Sankrail Food Park in Hooghly.

Jayen Mehta, Managing Director of GCMMF, emphasized the scale of the upcoming facility, stating, “This will be an integrated dairy plant based in Kolkata, West Bengal and will have the largest unit in the world for the manufacture of curd with a daily production of 1000 metric tonnes.”

The plant will process 15 lakh litres of milk per day, catering to the high demand for curd in Bengal, particularly the popular varieties of ‘tok doi’ and ‘mishti doi.’ The project will be executed in two phases by the Kaira District Cooperative Milk Producers Union Ltd, based in Anand.

Mehta highlighted the significance of this expansion, noting the increasing consumption of curd in Kolkata and surrounding regions. “The high requirement of katori curd in Kolkata and the regions around it” necessitated this investment, he remarked.

Amul currently leads the fresh milk market in Bengal, selling over 10 lakh litres of milk daily. The brand sources milk from over 1.2 lakh women dairy producers across 14 districts in the state. This new initiative is expected to further strengthen the dairy cooperative movement in Bengal, aligning with the Government of India’s ‘White Revolution II’ initiative under the Ministry of Cooperation.

In the previous fiscal year, GCMMF recorded an 8 percent increase in turnover, reaching Rs 59,445 crore. With sustained demand, the cooperative anticipates a double-digit revenue growth in the current fiscal year. GCMMF processed an average of 500 lakh litres of milk last year, with a daily milk processing capacity exceeding 310 lakh litres.

Owned by 36 lakh dairy farmers from Gujarat, GCMMF is India's largest dairy cooperative, comprising 18 member unions that collectively procure 300 lakh litres of milk daily from 18,600 villages. The federation ranks eighth among the top 20 global dairy companies by milk processing volume, as per IFCN reports.

Beyond domestic operations, GCMMF exports dairy products to approximately 50 international markets. The cooperative has also expanded into the United States, offering four varieties of fresh milk targeting Indian and Asian communities.

At BGBS 2025, West Bengal received investment proposals exceeding Rs 4.40 lakh crore, as announced by Chief Minister Mamata Banerjee on Thursday.

Britannia Industries reported a 4.5 percent rise in consolidated net profit to Rs 581.69 crore for Q3 FY25, driven by a 6.5 percent increase in revenue from operations, which stood at Rs 4,463.30 crore compared to Q3 FY24. The company’s profit before tax (PBT) rose 2.7 percent year-on-year to Rs 778.38 crore. Total expenses grew 9.32 percent to Rs 3,874.65 crore, with the cost of materials consumed rising 23.53 percent to Rs 2,629.90 crore. Employee benefit expenses saw a 46.66 percent increase to Rs 105.85 crore, while finance costs climbed 43.33 percent to Rs 44.56 crore.

Varun Berry, Vice Chairman and Managing Director, Britannia Industries, stated, “Despite the ongoing subdued demand across FMCG categories and increased competitive pressures, we achieved a strong performance, with both value and volume growing about 6 percent each on a year-on-year basis. The inflation on key input materials of Wheat, Palm Oil, Cocoa etc. remains on an upward trajectory, which we mitigated through judicious price increases, focused brand investments and fixed cost leverage, helping us sustain operating margins while maintaining competitiveness.”

He further highlighted saying, “We continued expanding our distribution network, reaching directly to about 29 Lakh outlets nationwide. Our focus states outperformed the other regions with a 2.6x growth during the quarter, driven by our partnership with about 31,000 rural distributors.”

Britannia’s innovation strategy has also played a role in driving growth, with new product launches such as Dual Flavoured Layer Cake and Triple Chocolate Croissants enhancing its portfolio. “Our adjacent businesses such as Dairy Drinks, Croissant and Wafers witnessed double-digit growths, pushing our agenda of being a Total Global Foods Company forward. We will closely monitor the commodity price inflation and implement targeted price increases for specific brands and categories, as needed. Our focus shall continue to be on driving market share while sustaining profitability,” Berry added.

Britannia Industries, one of India’s leading FMCG companies, specializes in manufacturing and selling biscuits, bread, rusk, cakes, and dairy products. The company’s stock declined 0.33 percent to Rs 4,942.50 on the BSE.

Tata Group’s retail arm, Trent, has decided to sell its 29 percent stake in Massimo Dutti India to its majority joint venture (JV) partner, Grupo Massimo Dutti, Spain, for a total consideration of Rs 20.75 crore.

Following the transaction, Trent’s shareholding in Massimo Dutti India will reduce to 20 percent, as stated in a regulatory filing.

During a board meeting held on Thursday, Trent “approved a proposal for sale of 1,75,450 equity shares of face value Rs 1,000 each held by the company in Massimo Dutti India, an associate company with 49 percent shareholding, pursuant to the offer received from Grupo Massimo Dutti, Spain.”

The Spanish fashion giant will acquire the equity shares from Trent at a price of Rs 1,182.6 per share, amounting to Rs 20.75 crore in total.

Massimo Dutti currently operates three stores and generated revenue of Rs 101 crore in FY24. The brand Massimo Dutti is owned by Spanish multinational clothing company Inditex Group. Trent also has another joint venture with Inditex Group for operating the Zara business in India.

“The company has two separate associations with the Inditex Group of Spain with a shareholding of 51 percent (Inditex): 49 percent (Trent) – one entity to operate Zara stores and the other for Massimo Dutti stores in India,” Trent mentioned in its latest annual report.

For FY24, the Zara entity reported revenue of Rs 2,769 crore.

These entities are required to source merchandise exclusively from the Inditex Group, with product selection and specifications determined by the latter.

On Friday afternoon, shares of Trent Ltd were trading at Rs 5,454.30 apiece on the BSE, marking a 3.40 percent increase from the previous close.

Quest Retail, one of the leading specialty beauty retailers, has announced key leadership changes with the elevation of Shriti Malhotra to Executive Chairperson and the appointment of Rahul Shanker as Group CEO.

In his new role, Shanker will oversee operations across Quest Retail’s extensive brand portfolio, which includes The Body Shop, Kiehl’s, Avon, Kylie Cosmetics, Anastasia Beverly Hills, Max Factor, Boddess, The Honest Tree, and several other globally renowned beauty brands.

After successfully leading Quest Retail as Group CEO, Shriti Malhotra transitions to the role of Executive Chairperson. Under her leadership, the company has solidified its position as a key player in India's beauty and personal care sector, expanding its brand portfolio and introducing innovative retail formats. In her new capacity, Malhotra will focus on shaping Quest Retail’s long-term strategic vision in collaboration with the Board of Directors.

“A company’s true strength lies in the passion of its people, and it has been my privilege to lead Quest Retail to where it stands today. Rahul’s depth of experience in consumer businesses and his transformational leadership make him the ideal person to drive the company’s next chapter. His appointment is crucial for enhancing our omnichannel capabilities and continuing to solidify our position in the market,” said Shriti Malhotra.

With nearly three decades of experience in the retail industry, Malhotra has played a crucial role in building and expanding major brands such as Benetton, Nike, and Puma in India. She was instrumental in launching The Body Shop in India 19 years ago, driving its growth through innovative retail strategies and customer engagement initiatives.

Shanker, a seasoned leader in the global consumer brand space, has held senior positions at PepsiCo, Wrigley-Mars, Philips, Avon, and Modicare. His expertise spans across FMCG, personal care, and health & wellness, positioning him well to lead Quest Retail’s next phase of expansion.

“I am thrilled to join Quest Retail at such an exciting time. The company has built a robust brand portfolio and a powerful omnichannel ecosystem that uniquely positions it for accelerated growth. My focus will be on scaling operations, innovating customer experiences, and identifying new opportunities to drive success. I look forward to working with our exceptional team and stakeholders to take Quest Retail to new heights,” shared Rahul Shanker.

Established in 2006, Quest Retail has emerged as one of India’s foremost beauty-focused specialty retailers, bringing globally recognized brands to the Indian market through its multi-channel expertise, compelling brand storytelling, and strong community engagement. With nearly two decades of experience, the company has successfully launched and scaled prestigious beauty and retail brands across the country.

Third Wave Coffee is celebrating the season of love with its “Heart-Crafted” Valentine’s menu, featuring indulgent brews and bakes designed to add a romantic touch to every sip and bite. Available until the end of February, the limited-edition collection includes Choco Caramel Frappe, Choco Caramel Latte, Iced Choco Caramel Latte, Red Velvet Cake, Strawberry Cheesecake, and Red Velvet Cookie.

“As a brand, we see coffee as more than just a beverage—it’s an experience, a ritual, and a way to connect with others. Our Valentine’s menu embodies this philosophy by blending tradition with innovation, offering flavors that evoke both comfort and excitement. With ‘Heart Crafted,’ we’ve curated a selection that not only delights the palate but also enhances moments of togetherness. Whether it’s a shared celebration or a personal indulgence, our goal is to make every cup and bite memorable,” said Anirudh Sharma, Co-founder, Third Wave Coffee.

The menu is built around two key themes—the Choco Caramel series and the Red Velvet delights. The Choco Caramel Frappe offers a smooth and sweet blend, while the Choco Caramel Latte delivers a rich, comforting mix of chocolate and caramel. For those who prefer a chilled option, the Iced Choco Caramel Latte provides a refreshing alternative.

The Red Velvet selection brings a decadent touch with the moist and rich Red Velvet Cake, the creamy Strawberry Cheesecake bursting with fruity sweetness, and the soft, indulgent Red Velvet Cookie. Starting at Rs 175, the Heart-Crafted Valentine’s range is available at all Third Wave Coffee outlets, offering coffee lovers a perfect way to celebrate the season.

Starbucks has introduced a limited-edition Valentine’s Day menu in India, featuring new beverages and desserts. The brand, known for its café experience, aims to offer customers a selection of themed items during the season.  

The highlight of the menu is the Pink Drink, a globally popular beverage now available in India. Priced at Rs 350, it has a strawberry base with coconut milk, caffeine, and freeze-dried strawberries for added texture. The drink, originally a secret menu item, gained widespread popularity and became an official Starbucks beverage in 2017.  

Other menu additions include:  

• Crème Brulée Latte and Frappuccino – A blend of espresso and steamed milk with Crème Brulée flavors, topped with vanilla caramel sugar and whipped cream.  
• Valentine’s Marble Loaf Cake – A mix of chocolate and vanilla with cream cheese frosting, crushed pistachios, and rose petals.  
• Valentine’s Blossom – A rose milk sponge cake layered with frosting and strawberry glaze.  

Alongside the menu, Starbucks has introduced Valentine’s-themed merchandise, including Pink Bling Cups, Made for Each Otter mugs, and the Bearista Pair plush toys. These products are priced from Rs 950. Starbucks continues to expand its seasonal offerings in India, aligning with consumer trends and festive celebrations.

Page Industries Limited, a leading apparel manufacturer in India, has announced its financial results for the third quarter and nine months ending December 31st, 2024, highlighting consistent growth within the Indian retail sector.

Key Financial Highlights for Q3 FY25:

• Sales volume increased 4.7 percent YoY, totaling 57.8 million pieces
• Revenue reached Rs 13,131 million, reflecting a 7.1 percent YoY increase
• EBITDA stood at Rs 3,025 million, a growth of 33.6 percent YoY
• Profit After Tax (PAT) was Rs 2,047 million, up 34.3 percent YoY

Key Financial Highlights for 9M FY25:

• Revenue amounted to Rs 38,368 million, growing 7.3 percent YoY
• EBITDA reached Rs 8,273 million, reflecting a 19 percent YoY increase
• PAT was Rs 5,651 million, marking a growth of 22.6 percent YoY

V.S. Ganesh, MD of Page Industries Limited said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines. Our focus on these areas not only strengthens our overall market position but also ensures we remain at the forefront of industry advancements.”

While the Indian apparel retail sector faces short-term challenges due to subdued consumer sentiment, long-term growth remains strong, fueled by economic growth, urbanization, and increasing disposable incomes. Key growth drivers include athleisure and innerwear, with the expansion of organized retail and e-commerce providing additional momentum.

Akzo Nobel India Limited, a leading paints and coatings company and maker of Dulux Paints, has announced its financial results for the quarter and nine months ending December 31, 2024. The company reported steady revenue growth in the retail sector despite challenging market conditions in India. 

Q3 FY25 Performance  
For the third quarter of FY25, revenue from operations rose by 2 percent to Rs 1,050.5 crore compared to the same period last year. However, EBIT from operations declined by 2 percent to Rs 143.5 crore, and profit after tax (PAT) fell by 5 percent to Rs 108.6 crore.

9M FY25 Results  
For the nine-month period ending December 2024, the company’s revenue from operations increased by 3 percent to Rs 3,069.1 crore. EBIT rose by 1 percent to Rs 414.8 crore, while PAT grew by 1 percent to Rs 321.1 crore.

Rajiv Rajgopal, Chairman and Managing Director of Akzo Nobel India stated, “In Q3 FY25, we achieved both volume and value growth despite subdued market conditions. Favourable demand in infrastructure, power, mining, marine, and real estate sectors fueled sustained B2B momentum in paints and coatings. Prudent cost management protected profitability, effectively mitigating the impact of raw material inflation on margins. Overall, our performance in 9M FY25 reflects continued growth and strong double-digit profitability trajectory with market share gains.”

Recent Developments in Product Portfolio  
The company introduced several new products in its Decorative Paints category:  

• Dulux Promise Freedom offers an upgrade from distemper to a more durable, entry-level emulsion with improved whiteness, coverage, and finish.  
• Dulux Aquatech DampProtect 2in1 strengthens the waterproofing portfolio with AquaProtect technology, offering up to 8 years of protection for both vertical and horizontal surfaces.  
• Dulux Professional M900 Premium Gloss Enamel is the company's first enamel product for the professional segment, providing high gloss retention, washability, and durability for high-traffic surfaces.

In addition, Akzo Nobel’s Resicoat Electric Insulation range of powder coatings received Underwriters Laboratories (UL) flame retardant certification. This certification is expected to open new opportunities in the electric vehicle market, where demand for sustainable and high-performance coatings is increasing.

Akzo Nobel India’s vocational skill-building initiative, Project Revive, which focuses on training drug-rehabilitated youth in decorative painting, received a Special Mention at the North-East CSR Awards 2024. Launched in 2021, the project has benefited over 800 youth across Assam, Manipur, and Arunachal Pradesh.

Agro Tech Foods Limited (ATFL) has completed the acquisition of Del Monte Foods Private Limited (DMFPL), marking a key development in its expansion strategy. The combined turnover of ATFL and DMFPL in FY24 was approximately Rs 1,300 crore, with DMFPL contributing around 40 percent to this total and 38 percent to the EBITDA of the merged entity.  

Following the acquisition, Bharti and Del Monte Pacific Limited (DMPL) have become shareholders in ATFL through a preferential allotment of equity shares. Bharti now holds a 21 percent stake, making it the second-largest shareholder, while DMPL has a 14 percent stake. Additionally, ATFL has appointed Harjeet Kohli, Joint Managing Director of Bharti Enterprises, as a director on its board.  

The acquisition brings Del Monte’s product portfolio, including Italian foods, condiments, packaged fruits, and beverages, under ATFL’s umbrella. ATFL now holds an exclusive and perpetual license for the Del Monte brand in India. The company will also leverage Del Monte’s manufacturing and R&D facility in Hosur, Tamil Nadu, to enhance product innovation, quality control, and market distribution. The partnership is expected to strengthen ATFL’s presence in both retail and business-to-business segments, including quick-service restaurants and institutional buyers.  

Nitish Bajaj, Group Managing Director of Agro Tech Foods Limited said, “We are excited to formally welcome Del Monte India into the ATFL family. This strategic partnership strengthens our ability to offer a broader range of high-quality food products to Indian consumers. With Del Monte’s strong brand recognition and our expertise in food innovation and distribution, we are well-positioned to accelerate growth and create significant value for our stakeholders.”  

Abhinav Kapoor, CEO and Whole Time Director of Del Monte Foods Private Limited added, “The combination of the soon-to-be-rebranded Sundrop Brands and Del Monte Foods Pvt Limited marks a strategic milestone, unlocking new avenues of growth for the business. We are confident that by capitalizing on the emerging demand, leveraging our distribution network, and enhancing our operational efficiency, we can drive significant growth across product categories. This will not only boost sales but also create exciting opportunities for Del Monte employees, while delivering greater value to our customers and stakeholders.”

Vishal Fabrics Limited (VFL), a prominent player in the textile sector, has announced the appointment of Suketu Shah as the new Chief Executive Officer (CEO). The company, known for its high-quality denim fabric, is looking to accelerate its growth in the competitive retail and textile industry in India. Suketu Shah’s appointment follows the elevation of the former CEO, Vinay Thadani, who now leads GREW Solar, the renewable energy arm of the Chiripal Group.

Suketu Shah brings more than 40 years of experience in the textile industry. His career spans key roles at several well-established organizations, including LNJ Denim, part of the RSWM Group, Mafatlal Industries Limited, Aarvee Denims and Exports Ltd APAC Inti Corpora in Indonesia, and Raymond UCO Denim Pvt. Ltd. His expertise also includes strategic contributions to Modern Denim Ltd. and Arvind Limited, where he played a key role in driving significant growth.

A gold medalist from MS University in Vadodara, Suketu Shah holds a Bachelor of Science (BSc) degree and a Diploma in Textile Chemistry (DTC), combining a strong academic background with practical industry experience. 

Suketu Shah said, “I am truly honored to be part of Vishal Fabrics Limited, a company renowned for top quality denim fabric. I am excited about embarking on our journey to chart out the next phase of growth in Vishal Fabrics. We are dedicated to enhancing stakeholder value through sustainable business practices.”

Brijmohan D. Chiripal, Managing Director of Vishal Fabrics Limited added, “We are delighted to welcome Suketu to the Chiripal family. VFL is at an inflection point, and Suketu’s strong business acumen, coupled with his vast knowledge of the sector, will help us navigate the growth journey. We look forward to greater success ahead.”

Trent Limited has reported its financial results for the quarter ending December 31, 2024, with both standalone and consolidated results showing strong growth. The company saw significant revenue and profit increases across its fashion and hypermarket businesses, driven by accelerated store expansions and strategic investments in technology and supply chain.

For Q3 FY25, Trent Limited's standalone revenues (including GST) were Rs 4,803 crore, marking a 36 percent year-on-year increase compared to Q3 FY24. Profit Before Tax (PBT) stood at Rs 618 crore, reflecting a 38 percent growth over the same period last year. The company continues to expand its retail footprint aggressively, with over 850 "large-box" fashion stores now operational across 201 cities.

During the quarter, Trent opened 14 Westside and 62 Zudio stores, including one in Dubai, across 46 cities. The company also consolidated two Westside and four Zudio stores. As of December 31, Trent's portfolio included 238 Westside stores, 635 Zudio stores, and 34 stores under other lifestyle concepts. Store optimization remains a priority, with plans to upgrade or consolidate smaller stores into newer ones located in more attractive micro-markets.

Despite the expansion, Trent maintains a strong focus on store quality, aesthetics, and customer experience, ensuring that these remain consistent across locations. The gross margin profile for both Westside and Zudio has remained steady, while the Operating EBIT margin for Q3 FY25 was 13.1 percent, slightly down from 13.3 percent in Q3 FY24.

The company's fashion concepts saw high single-digit like-for-like (LFL) growth in Q3 FY25, with a 33 percent increase in its retail footprint, now totaling over 11 million square feet. The Westside loyalty program, WestStyleClub, continues to gain traction, contributing to this growth. Emerging categories such as beauty, personal care, innerwear, and footwear are also gaining popularity and now account for over 20 percent of Trent's revenues. 

Online sales are another area of focus for Trent. Westside.com, along with its presence on the Tata Neu platform, reported a 45 percent increase in online revenues, now contributing more than 6 percent to the brand's overall sales.

On a consolidated basis, Trent reported revenues of Rs 4,937 crore for Q3 FY25, a 34 percent increase over the previous year. Profit Before Tax (PBT) for the same period was Rs 646 crore, showing a 36 percent growth year-on-year. The company's consolidated results exclude revenues from its Trent Hypermarket business but do include the profitability share from this venture, accounted for using the equity method.

The Star business, which includes 74 stores, showed notable improvement in operating performance, driven by an increase in own-brand sales, staples, fresh items, and general merchandise. This business registered an operating revenue growth of 25 percent and double-digit LFL growth in Q3 FY25.

Noel N Tata, Chairman of Trent Limited said “We remain on track to strongly expand our reach and improve the quality of our store portfolio. Our strong store opening program, along with other strategic initiatives, keeps our growth journey on track. The value proposition of our brands continues to resonate well with customers, as reflected in our results. Our fashion portfolio remains differentiated, and the market opportunity for building brands through a direct-to-customer approach is immense. We are also seeing strong traction in our Star business and are confident it will deliver substantial value over time for both customers and shareholders.”

This financial performance underscores Trent Limited’s ongoing efforts to strengthen its position in the retail sector, leveraging store expansion, product diversification, and digital growth to meet the evolving needs of Indian consumers.

LOTTE has inaugurated one of its largest ice cream manufacturing facilities in Pune, Maharashtra, marking a key step in its global expansion strategy. The facility, covering 60,000 sqm, highlights LOTTE's commitment to the Indian market and its long-term vision for sustainable growth and innovation. The event was attended by Maharashtra's Chief Minister, Shri Devendra Fadnavis, and other key figures, including Dong Bin Shin, Chairman of Lotte Group, and various government and community representatives.

The new plant, with an impressive annual production capacity of 50 million liters, is designed to meet the increasing demand for ice cream in India, particularly during the summer. The facility includes nine production lines, with plans to expand to 16, and features high-speed machines integrated with automated robotic systems for secondary packaging, ensuring both efficiency and product quality. The investment of Rs 500 crore is expected to create over 1,000 jobs over the next two years, contributing significantly to the local economy.

“We are very proud to inaugurate our new state-of-the-art facility, a significant milestone in LOTTE’s journey. India is an important market for us and an integral part of our global operations,” said Dong Bin Shin. He further emphasized that the Pune facility would help in making Havmor the most beloved ice cream brand in India.

Paul Chang Yi, CEO of LOTTE Wellfood Co Ltd added, “This step forward reflects our vision to make Havmor a trusted and most loved name in every corner of India.”

Komal Anand, Managing Director of Havmor Ice Cream, India added, “There is enough headroom to grow consumption, given that per capita consumption of ice creams in India is low compared to other Asian countries. Our aim is to delight consumers with international best-selling products made right here in India.”

Sterling Holiday Resorts Ltd. announced its Q3 FY25 results, marking the strongest quarterly performance in the company’s history. This achievement reflects Sterling’s strategy to balance its portfolio and expand its revenue base beyond the traditionally strong Q1 period. The company operates in India’s hospitality and resort retail sector, with a presence across 48 locations and 57 resorts, hotels, and retreats.

In Q3 FY25, Sterling reported a 12 percent year-on-year (YoY) growth in income, reaching Rs 1,389 million. EBITDA grew by 14 percent, with margins standing at 38.8 percent, while EBIT recorded a 13 percent YoY increase. This marks the 18th consecutive quarter of profitable growth for the company.

Vikram Lalvani, Managing Director and CEO of Sterling Holiday Resorts stated, “Sterling has seen the strongest ever quarter in its history. The results indicate the growing strength of Sterling, becoming the preferred brand for an increasing number of customers and comes on the back of a quarter with strong holiday demand, coupled with the increase of supply through our active expansion of resorts.”

Sterling’s expansion efforts contributed to this growth, with the company launching three new resorts during the quarter: Sterling Lontano Waterfront Wayanad (Kerala), Sterling Brookstone Coorg (Karnataka), and Sterling Bagh Ranthambore (Rajasthan). The company has opened an average of one resort per month over the last 18 months and maintains a pipeline of new destinations.

The food and beverage segment, a key revenue driver, reported a 20 percent YoY growth, supported by an increase in dining options and facilities across Sterling's resorts. On a year-to-date basis, the company’s income grew by 14 percent to Rs 3,842 million, while EBITDA increased by 35 percent.

Sterling has also introduced its ESG initiative, *Sterling Sankalp*, focusing on energy efficiency, waste management, and water conservation. Initiatives include the installation of heat pumps for energy conservation, organic waste converters for waste management, and water recycling and rainwater harvesting systems across several resorts.

Sterling Holiday Resorts’ Q3 performance reflects the company’s strategic expansion and operational growth in India’s hospitality and resort retail market.

Sula Vineyards, a key player in India’s premium wine retail sector, reported a 34.71 percent year-on-year (YoY) decline in consolidated net profit to Rs 28.06 crore for Q3 FY25, compared to Rs 42.98 crore in the same period last year. The company’s revenue from operations, excluding excise duty, decreased by 1.42 percent YoY to Rs 200.15 crore in the December 2024 quarter.

Profit before tax also saw a 34.78 percent drop, standing at Rs 37.21 crore compared to Rs 57.05 crore in Q3 FY24. Sula's EBITDA fell 26.3 percent to Rs 53.9 crore from Rs 73.2 crore, with EBITDA margins narrowing to 24.8 percent from 33.5 percent in the prior-year quarter. Despite these declines, own-brand sales registered a modest 1 percent YoY growth, reaching Rs 194.7 crore as of December 31, 2024.

The wine tourism segment, however, posted positive results, with revenue growing 11.6 percent YoY to Rs 16.4 crore, driven by increased spending per guest, higher occupancy rates (81 percent vs 76 percent last year), and stronger average room rates during the festive and wedding season. The Elite and Premium wine categories contributed to a 5.6 percent YoY growth, with their share reaching an all-time high of 80.5 percent in Q3, up from 77 percent in the previous year.

For the nine-month period of FY25, consolidated net profit declined 28.32 percent to Rs 57.17 crore, down from Rs 79.76 crore in 9M FY24. However, revenue from operations rose by 1.87 percent YoY to Rs 453.49 crore.

Rajeev Samant, CEO of Sula Vineyards said, “We are pleased to report our 11th successive quarter of growth in the Own Brands business. However, our pace of growth slowed in Q3 impacted by three major factors: a broad-based consumption slowdown in urban India, election-related disruptions in Maharashtra, and WIPS credit captured being lower by Rs 4.7 crore vs last year due to the capping of WIPS at Rs 20 crore per annum at our Domain Dindori facility. Having said that, we have kicked off production at our Nashik unit, and so from FY26 onwards, we are well placed to realize 100 percent of the potential WIPS.”

Samant highlighted that, despite the current challenges, long-term growth prospects remain positive. “Our Elite and Premium portfolio continued to see good momentum, even in a subdued environment. Revenue outside Maharashtra and Karnataka remained robust, with over 10 states achieving strong double-digit growth, now contributing 50 percent to our Own Brand sales,” he said.

The wine tourism division also reached its highest-ever Q3 revenue, reflecting Sula’s continued presence in India’s hospitality sector. The company expects this segment to end FY25 on a strong note, supported by the success of *SulaFest 2025* and the launch of its Dindori Tasting Room and Bottle Shop in Q4. Samant added, “Looking ahead, we are focused on driving profitable growth and target a significant expansion in earnings from FY26 as consumer demand recovers.”

Sula Vineyards continues to operate in the manufacturing, purchasing, and retailing of premium wines and alcoholic beverages in India.

Piccadily Agro Industries Limited (PAIL), a key player in India’s alco-bev retail sector, has announced its Q3 FY24-25 results, showing significant growth in sales and profitability. The company, known for its Indri Single Malt and Camikara pure cane juice rum, reported an 18.48 percent year-on-year (YoY) increase in its distillery division revenue, reaching Rs 183.91 crore.  

On a standalone basis, Piccadily Agro achieved a Profit After Tax (PAT) of Rs 25.04 crore in Q3 FY24-25, marking a 32.14 percent increase compared to the same period last year. The company’s EBITDA rose 46.07 percent YoY to Rs 50.86 crore. Total revenue for the quarter stood at Rs 208.32 crore, with the net profit margin increasing to 12.02 percent, reflecting a 21.78 percent YoY growth. Earnings Per Share (EPS) rose by 33 percent YoY to Rs 2.65.  

Performance of Premium Alco-Bev Brands (Q3 FY24-25):  

• Sales Volume Growth: Premium alco-bev brands recorded a 51.87 percent increase in sales volume compared to Q3 FY23-24.  
• Single Malt Sales: Indri Single Malt experienced a 43.54 percent YoY growth in sales volume.  
• Revenue Growth: Premium alco-bev brands posted a 39 percent increase in revenue YoY.  

Natwar Aggarwal, Chief Financial Officer of Piccadily Agro Industries Limited said, “Our strong Q3 performance reflects the growing global demand for Indri single malt and Camikara rum. An increase of 32.14 percent in PAT and a 46.07 percent surge in EBITDA YoY is a result of strong growth and performance of our distillery vertical. As we continue with our expansion plans, we endeavour to define the future of niche and premium alco-bev spirits in India by capitalizing on growth opportunities both organically and inorganically.”  

Piccadily Agro’s results highlight the company’s solid performance in the alco-bev retail market in India, supported by the rising demand for premium spirits both domestically and internationally.

Dabur has reduced its strategic vision cycle from four years to three, aiming to create a more agile organization in response to the slowdown in the FMCG sector and global uncertainties. The company has engaged consulting firm McKinsey & Co to refine and align its strategies for the next three years, ensuring they remain relevant to evolving market conditions, CEO Mohit Malhotra said during an earnings call.

"This exercise has already begun, and we plan to conclude the same by the end of the fiscal year. This will enable us to capture emerging opportunities and navigate the future with sharper and more focused vision," he stated.

Previously, Dabur followed a four-year vision plan and is currently in its seventh cycle. Malhotra explained that the shift to a three-year framework was necessary given the volatile macroeconomic environment and the underperformance of the FMCG sector. "Earlier we used to have a four-year vision cycle. We feel that in this volatile and heavy-headwind macroeconomic environment and FMCG not doing so well as a sector... we require validation of our strategies through an external consultant," he said.

By shortening the vision period, the company aims to make its strategies more adaptable and responsive to market changes. "Four years becomes a longish period, and therefore we have truncated it to three years, and it's also in line with the best practice in the industry, which is also around three years," Malhotra added.

McKinsey's role in this vision exercise includes conducting financial analyses, category reviews, and validating the company's overall strategy, including its key segments such as Chyawanprash and beverages. "So, they will focus on that along with defining the numbers in the milestones for the next three years, and this vision exercise will dovetail into the next year budgeting cycle also for us," Malhotra said. He also mentioned that while the exercise is not currently linked to specific target achievements, the company may consider doing so after its completion.

The external consultant will critically assess all of Dabur's businesses, both performing and non-performing, to determine their long-term viability. "Anything which does not have a right to win, they will be questioned and there will be a debate happening between the management and them to retain or to size down or to reduce investments. So, it will be a very strategic exercise that we are doing," Malhotra stated.

Dabur India reported a 1.85 percent increase in consolidated net profit to Rs 515.82 crore in the December quarter, with revenue from operations rising by 3 percent to Rs 3,355.25 crore for the October-December period. The company owns a portfolio of well-known brands, including Dabur Amla, Dabur Vatika, Dabur Chyawanprash, Dabur Honey, Honitus, Pudin Hara, Dabur Lal Tail, and the juice brand Real.

Retail and consumer durables company Whirlpool of India Ltd reported a 48.78 percent year-on-year increase in consolidated net profit for the third quarter of the fiscal year, reaching Rs 44.53 crore. The growth was attributed to calibrated price actions and improved execution in high-margin product categories. The company had posted a net profit of Rs 29.93 crore in the same quarter last year, according to a regulatory filing.

Revenue from operations rose 11 percent to Rs 1,704.85 crore in the October-December quarter, compared to Rs 1,535.65 crore in the corresponding period of the previous fiscal. The company noted that gross margin improvements were driven by pricing strategies and a focus on high-margin categories.

Despite a slow growth environment in the refrigerator and washing machine segments, Whirlpool of India maintained double-digit revenue growth for the third consecutive quarter. “Not only has overall refrigerator and washing machine volume share improved very significantly over last year, but growth is also broad-based with excellent share gains in direct cool, frost-free refrigerators, fully automatic top load and front-load washing machines, which signals robustness of the brand pull and execution excellence,” the company stated.

Total expenses for the quarter increased by 10.9 percent to Rs 1,696.17 crore, while total income, including other income, rose 11.72 percent to Rs 1,755.36 crore.

Shares of Whirlpool of India Ltd closed at Rs 1,149.75 on the BSE on Tuesday, reflecting a 2.73 percent decline from the previous close.

India’s first publicly listed retail Real Estate Investment Trust, Nexus Select Trust, reported a 6 percent year-on-year increase in net operating income, reaching Rs 441.6 crore in the third quarter of the current fiscal year. The company also announced a distribution of Rs 332.69 crore, or Rs 2.196 per unit, for Q3 FY25, reflecting a 10 percent rise. Retail portfolio trading occupancy stood at 96.8 percent, an increase of 70 basis points year-on-year.

Dalip Sehgal, Executive Director and CEO of Nexus Select Trust said “We witnessed strong net operating income growth of 6 percent year-on-year in a market environment showing early signs of consumption recovery. Nine of our malls recorded their highest-ever quarterly consumption in the quarter ended December 2024,”.

Categories such as fashion, jewellery, watches, beauty and personal care, and entertainment contributed to growth in the quarter, supporting an increase in footfalls. “We continue to focus on adding new experiences such as Dino Verse, Anamorphic screens, and live events to make our malls consumption and social hubs,” Sehgal added.

Nexus Select Trust’s portfolio includes 17 urban consumption centres with a gross leasable area of 99 lakh sq. ft. across 14 cities in India. It also comprises two hotel assets with 354 keys and three office assets with a gross leasable area of 13 lakh sq. ft.

Ananya Birla, daughter of billionaire Kumar Mangalam Birla, has announced her entry into India’s retail beauty and cosmetics sector with a new venture. The company plans to introduce a range of beauty and personal care brands across the country through 2025.

According to a statement, factors such as increasing disposable incomes, expanding e-commerce, and evolving consumer preferences are driving the growth of India’s beauty and personal care market, which is projected to expand at an annual rate of 10-11 percent and reach 34 billion USD by 2028.

“With greater exposure to global products and knowledge, Indian consumers now demand more from home-grown brands. This venture aims to meet those expectations with authenticity and innovation and bring world-class products to the Indian marketplace,” said Ananya Birla.

The company plans to launch products across various segments, including makeup and fragrances, with a phased rollout. Birla mentioned that the brands will challenge conventions and redefine consumer experience. The statement highlighted a focus on differentiated packaging, international standards, and promoting individuality. A global expansion for the venture is also under consideration. Further details, including the brand name and investment plans, have not been disclosed.

Ananya Birla, who launched the microlending firm Svatantra Microfin at 17, currently sits on the Aditya Birla Group’s apex strategic board. Svatantra Microfin is the second-largest NBFC-MFI in India and has secured significant private equity investments, impacting over 5 crore lives across 20 states. In addition to her business ventures, she recently introduced a beta version of a homegrown AI platform and has been an advocate for mental health initiatives.

Dabur has emerged as the second-largest player in the oral care segment within modern trade channels in India, driven by the performance of its Dabur Red Toothpaste and premium brand Meswak. The herbal toothpaste category, along with new products like Dabur Gel Toothpaste, has contributed to this growth. The company is working to address gaps in its portfolio to further strengthen its market position.

Operating in the segment with Dabur Red Toothpaste and Meswak, the company reported a 9.1 percent growth for the quarter and sees significant potential in the category. "The Gel toothpaste portfolio has received a good response, recording over 50% year-on-year growth this quarter. Dabur oral care is now the second brand in Modern Trade Pan-India," the company stated in a post-earnings call.

Mohit Malhotra CEO of Dabur quoted "Even in modern trade, where the competitor is very strong with premium variants, we have become the number two brand. This is very encouraging for us,". The oral care market is led by Colgate Palmolive, with FMCG major HUL holding the second position with brands such as Pepsodent, Closeup, and Ayush.

He also added"Dabur Red is performing well, benefiting from the overall growth in the herbal category. The herbal category has expanded by 7 percent compared to 5 percent growth in the non-herbal oral care category,".

Dabur operates in the oral care segment through its flagship brand Dabur Red, with Meswak positioned as a premium product and Babool at the entry level. The portfolio also includes Dabur Lal Dant Manjan and the Herbal Toothpaste range featuring Clove, Neem, and Tulsi.

"Dabur Herbal toothpaste, which we introduced last year, has shown strong double-digit growth. Ingredient-based toothpaste has also performed well for us,"  Mohit added. Despite these gains, the company acknowledged gaps in its oral care portfolio and is working to address them. Last year, it introduced a gel variant to fill one such gap, which has seen positive traction.

Limelight Lab Grown Diamonds, India's largest lab-grown diamond jewellery brand, has secured nearly Rs 90 crore in a funding round. The investment comes from leading fund houses, reputed broking firms, family offices, and the company’s promoters.

With this capital, Limelight aims to strengthen its retail expansion across India, enhance its design portfolio, and drive operational growth in the LGD sector.

Founded by Pooja Madhavan, the company has grown into one of the largest retail brands in the lab-grown diamond jewellery market. It currently operates over 30 standalone stores and 30 shop-in-shop outlets across 35+ cities in India. Limelight benefits from backing by two major industry players—the Bhathwari Group, the world’s largest producer of LGDs, and The Emerald Group, Asia’s largest jewellery manufacturer.

The funding comes amid growing consumer demand for lab-grown diamond jewellery, driven by increasing awareness and a shift toward design-centric and ethically sourced products. The LGD sector in India is experiencing an annual growth rate of 15-20 percent, supporting the company’s expansion plans.

Pooja Madhavan, MD of Limelight Lab Grown Diamonds stated, "The investment comes at a perfect time when the LGD sector is seeing a disruptive boom in India and will help us accelerate our growth to reach newer heights. We are on a mission to disrupt India's $80 billion jewellery market by offering consumers the widest choice of designer jewellery at the sweetest price points. We remain focused on making Limelight the largest sustainable luxury jewellery brand from India to the world."

Shein has made a comeback in India through a partnership with Reliance Retail, nearly five years after being banned. The newly launched Shein India app, which went live last Friday, is entirely owned and operated by Nextgen Fast Fashion, a fully owned subsidiary of Reliance Retail Ventures Ltd. The products on the platform are manufactured, marketed, and sold exclusively by Nextgen through a network of Indian manufacturers, with most being micro, small, and medium enterprises (MSMEs), according to an industry insider.

The platform has been developed and is hosted in India, with complete ownership and control retained by Reliance Retail. Shein has no equity ownership in the Indian company or the app, and the new platform has no connection to the previously banned Shein app or website (Shein.in), which was directly managed by Shein. The platform infrastructure and all data will remain in India, with no access or rights granted to Shein, as confirmed by industry sources.

Shein India’s fast fashion app from Reliance Retail has already gained over 10,000 downloads on the Google Play Store and is ranked among the top 10 in its category on Apple's App Store. Reliance Retail is now collaborating with Shein to develop a localized model that digitizes the supply chain of Indian MSMEs and factories, boosting job creation and strengthening India's textile sector on a global scale. Additionally, Nextgen is expanding its network of Indian manufacturers to position India as a key supplier for Shein’s global operations, opening up significant export opportunities for Indian MSME garment manufacturers.

Shein was among the apps banned by the Ministry of Electronics and Information Technology in June 2020 following tensions with China. In 2023, nearly three years after the ban, Shein entered into a partnership with Reliance Retail, led by Isha Ambani, daughter of billionaire Mukesh Ambani. Reliance Retail Ventures Ltd (RRVL), through its subsidiary Reliance Retail Ltd (RRL), signed a technology agreement with Roadget Business Pte Ltd, which owns Shein, to develop an indigenous e-commerce retail platform.

In December last year, the Indian government informed the Lok Sabha that while Shein's app remained blocked, the sale of its branded products was not prohibited. Commerce & Industry Minister Piyush Goyal stated in a written response that the platform was designed to establish a network of local manufacturers and suppliers producing Shein-branded products for both domestic and international markets.

The Ministry of Textiles, after consulting with the Ministry of Electronics and Information Technology (MeitY) and the Ministry of Home Affairs, conveyed no objection to Reliance Retail’s proposal.

"The licence agreement covered the protection that ownership and control of the platform will always remain with RRVL through its wholly owned subsidiary. As per the agreement, at all times, the platform will be hosted on infrastructure in India and all platform data will remain in India with Shein having no access to, or rights over, such data," Goyal stated.

The agreement also mandates compliance with Indian laws, including infrastructure localization and data security measures. Shein, founded in 2008, gained popularity for its affordable and trendy apparel, particularly among millennials. It was banned along with 59 other apps in 2020, citing concerns over national sovereignty and security. However, Shein products remained available through e-commerce platforms such as Amazon, and related legal matters were raised in the Delhi High Court.

VERO MODA, a leading western wear fashion brand in India, has revamped its store at Palladium Mall, Mumbai, redefining the shopping experience with a fresh, innovative design. Spanning 2,275 sq. ft., the store seamlessly blends aesthetics, functionality, and interactivity, elevating the retail journey for customers.

The redesigned space features a dynamic LED screen at the entrance, displaying brand stories and product highlights to engage shoppers from the moment they step in. Warm, textured corrugated walls, clay-finished display tables, and sleek stainless-steel matte finishes create a refined, contemporary look. Thoughtfully curated displays and distinctive design elements enhance the store’s premium appeal, encouraging exploration and interaction.

Sustainability is at the core of the new design, with the integration of eco-friendly materials such as clay finishes and energy-efficient LED lighting. A modular layout ensures future adaptability, while the use of low-maintenance materials supports long-term sustainability, making the store both innovative and environmentally conscious.

The revamped VERO MODA store reflects the brand’s commitment to innovation, sustainability, and an enhanced retail experience, setting a new benchmark for premium shopping destinations.

PepsiCo has reported strong double-digit organic revenue growth in India for 2024, gaining market share in both savory snacks and beverages, according to the company’s fourth-quarter earnings statement. For the full year ending December 28, 2024, PepsiCo's net revenue stood at USD 91.8 billion, reflecting a 0.41 per cent increase, while the fourth-quarter revenue was  $27.78 billion, up 0.2 percent.

Ramon Laguarta, Chairman and CEO, PepsiCo, highlighted, "Our businesses remained resilient in 2024, despite subdued category performance trends in North America, the continued impacts related to a recall in our Quaker Foods North America division and business disruptions due to geopolitical tensions in certain international markets."

In the Africa, Middle East, and South Asia (AMESA) division, which includes India, PepsiCo's net revenue grew by 1.27 percent to  $6.21 billion for the year, driven by effective pricing strategies and organic volume growth. The company reported a 2 percent increase in convenience food unit volume, supported by mid-single-digit growth in South Africa and double-digit growth in India. Beverage unit volume also rose by 1 percent, largely due to strong double-digit growth in the Indian market. For the fourth quarter, the AMESA division recorded USD 2.03 billion in net revenue, marking a 5 percent increase. 

PepsiCo management shared, stating, "We expect to deliver low-single-digit organic revenue growth." The company anticipates varied consumer preferences across channels, income segments, and regions. "Our business plans assume that consumer preferences and habits will continue to vary by channel, income cohort and geography. Our commercial plans and go-to-market systems will focus on more precise execution with an adaptive and agile mindset."

PepsiCo also acknowledged ongoing geopolitical uncertainties and foreign exchange volatility, noting that these factors are expected to persist in 2025.

Ardent Alcobev has launched Dram Bell, a luxury Blended Scotch Whisky, at an exclusive event at Imara – Turf Club in Mumbai. The launch was hosted by former England cricket captain and marquee investor Kevin Pietersen, alongside the company’s co-founders.
Dram Bell, bottled in Scotland, is available in two variants: the Premium variant priced at Rs. 1,750 and the Reserve variant at Rs. 2,450.

Kevin Pietersen emphasized his personal connection to the brand and its philosophy. “My investment in Ardent Alcobev is more than just a business decision; it's a reflection of my values. Throughout my career, whether on the cricket pitch or in other areas of life, I've always valued dedication, quality, and the pursuit of perfection. Ardent upholds this same commitment while making, which is visible in every part of Dram Bell. We also encourage drinking responsibly, for enjoyment, and not for excessive consumption, so that everyone can savour and enjoy the experience in moderation.”

The event featured an exclusive Whisky Masterclass conducted by Iain Forteath, Master Blender at Ardent Alcobev. Attendees had the opportunity to sample different expressions of Dram Bell and gain insights into the art of whisky blending and tasting.

Debashish Shyam, Co-Founder and Director of Ardent Alcobev said, “We are redefining India’s premium whisky market with a blend that showcases unmatched quality and craftsmanship. With Kevin Pietersen as a strategic partner, we raise the brand's profile by bridging the gap between international acclaim and preference of Indian market. This approach caters to the discerning tastes of IMFL drinkers who seek sophistication without compromising on their taste. We are confident that it will appeal to whisky connoisseurs as we merge global standards with local tastes to shape the future of Indian whisky, catering to the evolving preferences of IMFL drinkers.”

Dram Bell has been introduced in Maharashtra from November 2024 and will be available at select retail and on-trade stores. The company plans to expand its distribution to key markets in North and South India in the coming months.

Titan, the leading jewellery and watchmaker, reported a slight decline in its consolidated net profit for the December quarter, standing at Rs 1,047 crore, compared to Rs 1,053 crore in the same period last year, as per its regulatory filing. Despite the marginal dip in profit, the company’s sales surged by 25.68 percent to Rs 17,550 crore, up from Rs 13,963 crore in the corresponding quarter of the previous year. The total expenses rose by 27.47 percent to Rs 16,472 crore during the quarter, while total income, including other income, increased by 24.9 percent to Rs 17,868 crore.

Titan’s jewelry business saw a strong 26.62 percent growth, reaching Rs 16,134 crore, with its India segment witnessing a 25% rise. The company attributed this positive trend to the festive season, stating, "The festive quarter brought consumer cheer, with secondary sales recording an impressive 28 percent growth buoyed by higher gold prices, wedding-related purchases growing by 29 percent, and healthy same-store sales growth of 22 percent compared to Q3 FY24."

Gold jewelry and coins remained popular among consumers, recording a 27 percent growth over the third quarter of FY24. Titan expanded its jewelry presence by opening 11 new Tanishq stores and adding 13 Mia by Tanishq outlets in India.

In the watches and wearables segment, revenue increased by 15.31 percent to Rs 1,137 crore. The analog watch segment performed well, with a "robust 20 per cent growth over Q3 FY24 primarily led by Titan brand clocking 18 percent growth in the same period." International watch brands also saw a strong retail growth of 30 percent over the previous year. However, the wearables category witnessed a decline of 20 percent, with average selling prices and volumes falling by 8 percent and 7 percent, respectively, compared to Q3 FY24. The company added 23 new stores in Q3 FY25, including 12 Titan World stores, 10 Helios stores, and one Fastrack store.

Titan’s Eyecare segment revenue grew by 16.66 percent to Rs 196 crore, with international brand sales recording a 56 percent rise compared to Q3 FY24. The company highlighted that "within product categories, sunglasses sales outpaced others, growing 35 per cent while frames and lenses grew in mid-double digits over their respective Q3FY24 numbers." The company also opened three new Titan Eye+ stores during the quarter.

Revenue from Titan’s other segments, including accessories, fragrances, and Indian dresswear brand Taneira, stood at Rs 312 crore, slightly lower than Rs 313 crore a year ago. While "Taneira recorded flattish sales for the quarter," fragrances saw a 27 percent increase, driven by a 23 percent growth in the SKINN brand. In fashion accessories, excluding discontinued belts and wallets, women's bags under the IRTH and Fastrack brands recorded an impressive 25 percent growth over the previous year.

Titan, a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO), saw its shares settle 0.26 percent higher at Rs 3,589.50 per share on the BSE.

The Union Budget 2025 focuses on economic expansion through Global Capability Centres (GCCs) and Public-Private Partnerships (PPPs), two key strategies aimed at enhancing India's infrastructure and export potential. By supporting the growth of knowledge-driven industries and large-scale infrastructure projects, the budget aims to strengthen India's retail and business landscape.

India has long been a hub for outsourcing, but the expansion of GCCs is expected to elevate its position in high-value industries. The Union Budget 2025 introduces a national framework to promote GCCs, particularly in Tier-II cities, to encourage regional economic development and attract multinational companies.

“This budget demonstrates the government's proactive approach towards economic decentralization, with a special focus on promoting the development of GCCs in emerging Tier-II cities. This forward-thinking initiative not only nurtures regional growth but also opens doors for talent acquisition, industry partnerships, and innovation. The creation of a dedicated fund for urban development will reshape our cities, providing the infrastructure and workforce required to attract national and international companies,” said Harinder Singh Hora, Founder Chairman of Reach Group.

By prioritizing Tier-II cities, the initiative is expected to enhance local job opportunities and create industry-specific infrastructure, supporting long-term economic development.

The budget reinforces the role of PPPs in India's infrastructure sector, focusing on transportation, logistics, and urban development. The emphasis on these partnerships aims to bridge infrastructure gaps while attracting private sector investments.

Uddhav Poddar, CMD of Bhumika Group said, “The government's emphasis on infrastructure development and economic prudence sets the stage for sustained real estate growth. A key highlight is the focus on enhancing the role of Public-Private Partnerships (PPP) in India's infrastructure development, which will boost the country's commercial projects while ensuring long-term progress.”

Gaurav Gulati, Managing Director of CCPL added, “The Union Budget 2025 has empowered the country with a special urban development fund, asset monetization, and public-private partnerships. With each infrastructure ministry set to propose three PPP projects, alongside ₹1.5 lakh crore in interest-free loans for capital expenditure, we anticipate significant opportunities in retail developments, further strengthening the commercial real estate sector.”

Increased funding and incentives for PPP projects are expected to attract private investment and accelerate infrastructure development, particularly in commercial real estate and retail hubs.

The integration of GCCs and PPPs has the potential to drive economic growth by aligning infrastructure improvements with knowledge-driven industries. The expansion of smart cities, advanced logistics, and enhanced transportation will create an ecosystem that supports GCCs and boosts India's export potential.

Sanchit Bhutani, Managing Director of Group 108 said, “We welcome the government’s efforts to strengthen India’s economic growth and urban infrastructure sector. While the rebate of income tax up to Rs 12 lakh will provide greater relief to middle-class buyers, the fund for urban development will help elevate India's cities to new heights of growth, sustainability, and modernity. In addition, the national framework for promoting GCCs will guide states in building the right infrastructure. This will further help in creating better talent and implementing reforms that will enable cities to become attractive hubs for multinational companies.”

The synergy between infrastructure development and the expansion of GCCs is expected to enhance India's role in industries such as technology, manufacturing, and research, further solidifying its position in global trade.

With infrastructure and economic development at the forefront, the real estate sector is set to benefit from increased demand for commercial spaces. The push for regional growth and retail expansion aligns with the broader economic strategy outlined in the budget.

“Budget 2025 lays a comprehensive roadmap for economic expansion, with a clear focus on strengthening domestic manufacturing and enhancing India's integration into global supply chains. The government's support for the electronics industry and advancements in automation, AI, and digital technologies will create a demand for specialized commercial real estate in emerging sectors,” said Umesh Bhati, Director of Operations at Bayside Corporations.

As both GCCs and PPPs require well-developed infrastructure, the need for commercial real estate, logistics parks, and office spaces will rise, creating opportunities for investment and economic growth.

The Union Budget 2025 sets a framework for economic expansion through a combination of public-private collaborations and the growth of knowledge-based industries. By focusing on infrastructure development, talent acquisition, and international trade, India is positioning itself as a leader in sustainable economic growth and global business. The alignment of GCCs and PPPs will play a crucial role in shaping the country’s retail and commercial sectors, ensuring long-term development and competitiveness in the global economy.

Skoodle, the flagship brand of Stone Sapphire India Pvt. Ltd. (SSIPL), is strengthening its retail presence in India by increasing the production of eco-friendly recycled paper pencils. The initiative aligns with the brand’s focus on sustainability and aims to reduce the environmental impact of traditional pencil manufacturing.  

In India, producing 9,500 wooden pencils results in the loss of one tree. Skoodle manufactures 720 million wood-free pencils annually, saving an estimated 3,000 trees each year, a practice the company has maintained for six years. A complete shift to recycled paper rolled pencils could further triple this impact, contributing to larger environmental conservation efforts.  

Shobhit Singh, MD and CEO of Stone Sapphire India Pvt Ltd said, “Our commitment to sustainability goes beyond business—it’s a responsibility we embrace wholeheartedly. By introducing recycled paper pencils, we aim to create a lasting positive impact on the environment. This initiative symbolizes the power of small changes that inspire a larger movement. Our vision is for India to lead in sustainability, starting with actionable steps like Skoodle eco-conscious practices.”  

Since 2018, Skoodle’s efforts have contributed to saving 13 acres of forest land annually. The brand focuses on addressing deforestation, carbon emissions, and waste management, encouraging businesses, educational institutions, and individuals to adopt more sustainable practices.  

With an emphasis on innovation and environmental responsibility, Skoodle continues to expand its presence in India’s retail sector, offering sustainable alternatives in the stationery industry.  

Samsung’s flagship store at Bandra Kurla Complex (BKC) in India hosted a special event to mark the early delivery of the Galaxy S25 series, handing over more than 700 devices to pre-order customers. This milestone follows strong demand for the new smartphone series, reinforcing Samsung’s presence in India’s retail market.  

Soon Choi, Corporate EVP/Head of Division, MX Division, Samsung Electronics, was present at the event and personally handed over some of the Galaxy S25 devices to customers. The event also coincided with the one-year anniversary of the BKC store, which serves as a key retail location for Samsung’s premium product lineup.  

To accommodate the large number of customers, the store introduced dedicated data transfer zones and device exchange counters. Additional services, including smartphone case customization using Gen-AI, dedicated tech support, and a Celebration Programme, were also available for customers picking up their new devices.  

The Galaxy S25 series includes the Galaxy S25 Ultra, Galaxy S25+, and Galaxy S25 smartphones. The series features AI-driven enhancements, a customized Snapdragon® 8 Elite Mobile Platform for Galaxy, and the next-generation ProVisual Engine for improved camera functionality. It also runs on One UI 7, Samsung’s AI-first platform designed for personalized user experiences.  

Security features include Knox Vault for data protection and post-quantum cryptography to address evolving cybersecurity risks. With the Galaxy S25 series launch, Samsung continues to strengthen its retail presence in India while advancing AI integration in smartphones.

Ace Turtle, the exclusive licensee of denim brands Lee and Wrangler in India, has opened two new exclusive brand outlets (EBOs) in Jodhpur, Rajasthan. This strategic expansion aligns with Ace Turtle’s commitment to strengthening the presence of Lee and Wrangler in upcoming markets across India, catering to the growing demand for premium denim and casual wear.

The stores are spread across 2,500 sq ft and are located in the high street area of Residency Road in Jodhpur. With these store launches, Lee and Wrangler will continue their retail expansion in 2025, tapping into the fashion-forward yet underserved markets in emerging cities. Jodhpur, known for its rich heritage and evolving urban lifestyle, presents a promising opportunity for the brands to connect with a new wave of consumers seeking high-quality and stylish apparel.

The new stores in Jodhpur showcase Lee and Wrangler’s latest collections, featuring a wide range of denim, casual wear, and accessories designed for the modern Indian consumer. With a focus on innovation, comfort, and sustainability, the brands continue to redefine denim fashion in India.

Ace Turtle remains committed to its omnichannel approach, ensuring seamless integration of offline and online retail experiences. The company’s expansion into Tier II and III cities underscores its vision of making premium fashion more accessible across India, with further store openings planned in the coming months.

Commenting on the expansion, Nitin Chhabra, CEO of Ace Turtle said, “The launch of Lee and Wrangler stores in Jodhpur is a significant step in our journey to make these iconic global brands more accessible to consumers beyond metro cities. The demand for premium denim and lifestyle fashion in Jodhpur is witnessing remarkable growth, and our expansion strategy is focused on tapping into this potential. With these two new stores, we now have four Lee and Wrangler stores in the city. We are confident that our stores in Jodhpur will offer an enhanced shopping experience while bringing the global legacy of Lee and Wrangler closer to consumers.”

Brigade Hotel Ventures Limited, the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners, has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO).

The IPO will consist of a fresh issue of equity shares with a face value of Rs. 10 each, amounting to Rs. 900 crore.

Brigade Hotel Ventures Limited owns and develops hotels in key Indian cities, primarily across South India. As of June 30, 2024, the company is the second-largest private owner of chain-affiliated hotels and rooms in the region, covering Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories of Lakshadweep, Andaman and Nicobar Islands, and Pondicherry, among private hotel asset owners with at least 500 rooms across India.

A wholly-owned subsidiary of Brigade Enterprises Limited (BEL), one of India’s leading real estate developers, Brigade Hotel Ventures Limited entered the hospitality sector in 2004 with the development of Grand Mercure Bangalore, which began operations in 2009. Today, the company operates a portfolio of nine hotels across Bengaluru (Karnataka), Chennai (Tamil Nadu), Kochi (Kerala), Mysuru (Karnataka), and GIFT City (Gujarat), offering a total of 1,604 keys.

These hotels are managed by renowned global hospitality brands, including Marriott, Accor, and InterContinental Hotels Group. They cater to the upper upscale, upscale, upper-midscale, and midscale segments, offering a comprehensive guest experience with fine dining and specialty restaurants, meeting and conference venues (MICE), lounges, swimming pools, outdoor spaces, spas, and gymnasiums. Strategically positioned in high-density population areas, premium neighborhoods, commercial centers, and IT hubs, these properties are designed to maximize customer convenience and business potential.

JM Financial Limited and ICICI Securities Limited have been appointed as the Book Running Lead Managers for the IPO.

DOMS Industries Limited (DOMS), a company specializing in manufacturing and marketing a diverse range of products catering to kids, children, and young adults, has announced its financial results for Q3 and the first nine months of FY2025. The company reported a significant growth trajectory despite market challenges.

For Q3FY25, DOMS recorded a 34.9 percent year-on-year increase in revenue from operations, reaching Rs. 501.1 crore compared to Rs. 371.6 crore in Q3FY24. EBITDA for the quarter stood at Rs. 87.9 crore, reflecting a 26.7 percent rise from Rs. 69.3 crore in the same period last year, with an EBITDA margin of 17.5 percent. PAT saw an impressive growth of 39.8 percent, reaching Rs. 54.3 crore compared to Rs. 38.8 crore in Q3FY24, while PAT's margin improved to 10.8 percent.

The nine-month performance for FY25 demonstrated a 23.9 percent increase in revenue, totaling Rs. 1,403.9 crore compared to Rs. 1,133.4 crore in the corresponding period of FY24. EBITDA surged by 32.2 percent to Rs. 260.2 crore, with the EBITDA margin improving to 18.5 percent. PAT for the period rose by 43.9 percent to Rs. 162.3 crore, with PAT margin standing at 11.6 percent.

DOMS also highlighted key operational achievements during the quarter. The company was recognized with the Top Exporter Award for the third consecutive year by the Pen & Stationery Association of India, reinforcing its leadership in the Indian export market. To enhance employee engagement and retention, DOMS approved the grant of 117,045 stock options under the Employee Stock Option Plan 2023. Sustainability efforts saw progress with the successful installation of a 1 MW solar plant at the Umergaon manufacturing facility. Additionally, the company's 44+ acre greenfield expansion remains on track, with the first building for machinery installation expected in Q3FY26.

The acquisition of Uniclan Healthcare has further bolstered growth initiatives. The commercial launch of DOMS Wowper, a co-branded diaper range, along with the installation of a third diaper production line, has expanded production capacity to 65 crore diapers annually. The company has also secured most of the necessary pre-approvals for in-house manufacturing of wet wipes, expected to commence by the end of Q4FY25. In the fine arts sector, DOMS' premium brand AMARIZ partnered with the Plaza Artist Association at the Art Plaza Gallery, Kala Ghoda, Mumbai, to support emerging artists.

Santosh Raveshia, Managing Director, DOMS Industries Limited said, “Despite the tepid market conditions and festive season in India as well as globally, we continued on our consistent growth trajectory during Q3’FY 2025. Our strategic initiatives have played a pivotal role in fuelling this growth. The successful acquisition of Uniclan Healthcare, which led to our entry into Baby Hygiene products, coupled with our timely expansion of capacities across various product categories, have all contributed positively to our quarterly performance. The company's manufacturing cost structure broadly remained stable in Q3 FY'25, with input prices holding steady, resulting in consistent gross margins on a sequential basis. Consolidated EBITDA for the quarter grew 26.7 percent Y-o-Y and 2.2 percent sequentially. However, there was a slight margin compression of approximately 120 bps Q-o-Q which was primarily driven by increased employee expenses, stemming from additional hiring to support production capacity expansion and the impact of ESOP grants to reward employees. Furthermore, we witnessed an increase in selling and distribution expenses primarily on account of consolidation of Uniclan Healthcare. As a result of these factors, the Company's consolidated EBITDA margin stood at 17.5 percent, as on expected lines, but higher than our targeted range of 16-17 percent.” 

Santosh further added, “Going forward, we remain cautiously optimistic in the near term, on improvement in demand conditions with tailwinds from the upcoming back-to-school season, growing emphasis on education and increased Governments’ spending in this sector, contributing to the growth momentum. Our strategic priorities remain unchanged with a focus on delivering consistent and profitable volume growth through expanding our production capacities, investing in our brands, and strengthening our supply chain, positioning ourselves for sustainable long-term growth.”

DOMS Industries Limited ("DOMS" or "the Company") is a leading player in India's stationery and art supplies sector. The company specializes in designing, developing, manufacturing, and distributing a diverse range of high-quality stationery and art products. Its portfolio is categorized into various segments, including Scholastic Stationery, Scholastic Art Material, Paper Stationery, Kits and Combos, Office Supplies, Hobby and Craft, and Fine Art Products.

Tata Chemicals Limited has released its financial results for the third quarter and nine months ending December 31, 2024.

On a consolidated basis, the company reported revenue from operations of Rs. 3,590 crore for Q3FY25, compared to Rs. 3,730 crore in Q3FY24. EBITDA stood at Rs. 434 crore, down from Rs. 542 crore in the corresponding quarter of the previous year. Profit After Tax (PAT) before exceptional items and non-controlling interest (NCI) from continuing operations was Rs. 49 crore, a decline from Rs. 194 crore in Q3FY24.

On a standalone basis, the company recorded revenue from operations of Rs. 1,166 crore, up from Rs. 1,093 crore in Q3FY24. EBITDA stood at Rs. 209 crore, showing a slight increase from Rs. 206 crore in Q3FY24, while PAT was Rs. 72 crore, lower than Rs. 115 crore in the same period last year.

R. Mukundan, Managing Director & CEO, Tata Chemicals Limited said, “Overall Asia including India continues to experience growth, while other markets including the US and Western Europe are witnessing slight decline due to reduced demand for flat and container glass. The company’s overall performance was down as compared to the same quarter of the previous year, mainly due to lower Soda Ash pricing across geographies and higher fixed costs in the US due to plant production outage during the quarter. Our endeavor is to maximize sales through customer engagement while ensuring steady contribution margins with a focus on cost optimization. In the short term, the current demand-supply adverse situation is likely to persist but should improve and stabilize over the long term driven by growth sectors based on sustainability trends.”

Tata Chemicals' consolidated revenue stood at Rs. 3,590 crore, reflecting a 4 percent decline from Q3FY24 due to unfavorable Soda Ash price movements. EBITDA for the quarter was Rs. 434 crore, marking a 20 percent decrease from the previous year. PAT (before exceptional items and NCI) from continuing operations was Rs.49 crore, down from Rs. 194 crore. The company incurred an exceptional charge of Rs. 70 crore related to employee termination benefits, decommissioning of plant and machinery, and other closure-related expenses following the cessation of Soda Ash production at the Lostock plant in Northwich, UK. As of December 31, 2024, gross debt was Rs. 6,722 crore, an increase of Rs. 810 crore, while net debt stood at Rs. 5,329 crore, up by Rs. 952 crore compared to December 31, 2023, due to lower EBITDA and higher working capital requirements across the US, Kenya, and India. The company also commissioned a 70 KTPA Pharma Salt plant in the UK, with higher sales and production volumes of Soda Ash, Bicarb, and Salt compared to Q3FY24.

On a standalone basis, Tata Chemicals' revenue from operations reached Rs. 1,166 crore, marking a 7 percent increase from Q3FY24. EBITDA stood at Rs. 209 crore, reflecting a 1 percent rise, while PAT from continuing operations stood at Rs. 72 crore, showing a 37 percent decline from Q3FY24. The company also confirmed that FOS sales remain on track, leading to full capacity utilization.

Parisian fashion house Maje, known for its effortlessly chic and contemporary designs, has officially entered the Indian market with the launch of its first flagship store in Mumbai's Jio World Drive. This milestone marks the beginning of an exciting partnership between Maje and Reliance Brands Limited (RBL), bringing the brand’s signature blend of accessible luxury and bold creativity to India.

Founded in 1998 by Judith Milgrom, Maje has built a strong reputation for its versatile, sensual, and modern Parisian aesthetic, catering to women who seek style that seamlessly transitions between day and night. The brand's arrival in India offers fashion enthusiasts a curated opportunity to experience the finest of French fashion, blending elegance with contemporary trends.

Milgrom, deeply influenced by her Moroccan roots and Parisian upbringing, has always envisioned Maje as a brand that allows women to live multiple lives in a single day. Her personal touch is reflected even in the brand’s name, which symbolizes sibling unity—M for Moyal (her maiden name), A for Alain (her brother and co-founder), J for Judith (her first name), and E for Evelyne (her sister with whom she worked for over a decade).

“We are incredibly excited to introduce Maje to the vibrant and diverse Indian market. India’s rich cultural heritage, coupled with its dynamic blend of tradition and modernity, is truly inspiring. This store represents our opportunity to connect with the Indian audience, where fashion is not just a style statement but a way to express individuality. We look forward to celebrating the spirit of India and offering women here the Maje experience,” shared Judith Milgrom, Founder, Maje.

Maje’s flagship store in Mumbai reflects the brand’s signature store architecture, offering a personal and inviting space that feels almost like a second home. Designed to be more than just a retail outlet, it serves as a showcase for Maje’s ready-to-wear collections and accessories, embodying the brand’s bold and offbeat spirit.

To celebrate the grand opening, the Maje flagship store will feature an exclusive selection of the brand’s most iconic pieces, including highlights from the Spring-Summer 2025 collection, “Glam Office – From Paris to Milan." This collection redefines modern women’s wardrobes with a touch of Italian elegance, featuring structured tailoring, fluid dresses, and sophisticated silhouettes, perfect for transitioning seamlessly from office wear to evening ensembles.

With this debut, Maje is set to make a lasting impact in India’s dynamic fashion landscape, offering a unique blend of Parisian elegance and contemporary versatility to fashion-forward women across the country.

Quest Retail, a major player in India’s retail and beauty industry, has appointed Rahul Shanker as Group CEO while elevating Shriti Malhotra to Executive Chairperson. This leadership transition comes as the company focuses on expanding its market presence and strengthening its omnichannel strategy.  

Rahul Shanker will oversee the operations of Quest Retail’s portfolio, which includes The Body Shop, Kiehl’s, Avon, Kylie Cosmetics, Anastasia Beverly Hills, Max Factor, Boddess, The Honest Tree, and other brands under the group.  

Shriti Malhotra, after serving as Group CEO, moves into the role of Executive Chairperson. During her tenure, she played a key role in shaping Quest Retail’s position in India’s beauty market by expanding the brand portfolio and introducing new retail concepts. In her new role, she will focus on the company’s long-term strategy, working closely with the Board of Directors.  

With nearly three decades of experience in India’s retail sector, Shriti has been instrumental in the growth of brands such as Benetton, Nike, and Puma. She played a significant role in launching The Body Shop in India 19 years ago, leading its expansion and customer engagement strategies.  

Shriti Malhotra said, “A company’s true strength lies in the passion of its people, and it has been my privilege to lead Quest Retail to where it stands today. Rahul’s depth of experience in consumer businesses and his transformational leadership make him the ideal person to drive the company’s next chapter. His appointment is crucial for enhancing our omnichannel capabilities and continuing to solidify our position in the market.”  

Rahul Shanker brings 27 years of experience from global organizations, including PepsiCo, Wrigley-Mars, Philips, Avon, and Modicare. His expertise spans multiple consumer categories, including FMCG, personal care, and health & wellness. As Group CEO, he will focus on scaling operations, improving efficiency, and enhancing customer experience.  

Rahul Shanker stated, “I am thrilled to join Quest Retail at such an exciting time. The company has established a robust portfolio and a powerful omnichannel ecosystem that positions it uniquely for growth. My focus will be on scaling our operations, innovating the customer journey, and identifying new opportunities to further accelerate our success. I look forward to collaborating with our exceptional team and stakeholders to take Quest Retail to new heights.”  

The leadership changes reflect Quest Retail’s focus on strengthening its position in India’s beauty and retail industry while driving its next phase of growth.

Tata Consumer Products (TCP), a key player in India's retail and consumer goods sector, has appointed Rajesh Gopal as its Global Chief Digital Officer. This move aligns with the company’s strategy to enhance its digital transformation efforts.  

Rajesh Gopal brings over 22 years of experience in digital strategy and large-scale technology transformation. Before joining TCP, he served as Regional Chief Information Officer – APAC and GCC Head at Kimberly-Clark. His previous roles include leadership positions in digital functions at ITC Limited, L'Oréal, and Unilever.  

Sunil D’Souza, Managing Director and CEO of Tata Consumer Products said, “We are happy to welcome Rajesh to Tata Consumer Products. I am confident his leadership will further propel our digital agenda in line with our growth and transformation journey towards becoming a premier global FMCG company.”  

The company also acknowledged the contributions of Swaminathan TV, who played a key role in driving TCP’s digital transformation. “We would like to thank Swaminathan TV for his leadership in establishing and driving the Digital Transformation agenda for Tata Consumer Products. During his tenure, Tata Consumer Products achieved several milestones, unlocking the power of digital across the value chain. We are delighted that he has been identified for a move within the Tata Group to lead a new business within Tata Motors and wish him the very best,” D’Souza added.  

This leadership change reflects TCP’s continued focus on leveraging digital capabilities to strengthen its position in the retail and consumer goods industry in India and beyond.

Curefoods, a Bangalore-based food and beverage company, has announced the repositioning of its flagship brand EatFit under the new identity ‘Kitchens of EatFit.’ The revamped platform will now house eight distinct brands aimed at delivering high-quality, nutritious, and authentic food. These brands include EatFit (EF), HRX by EatFit, Great Indian Khichdi (GIK), Homeplate, Chaat Street, Rolls on Wheels, Millet Express, and Madras Curd Rice Company. This shift highlights Curefoods’ strategy to strengthen its retail presence in the growing food industry in India.

The move to ‘Kitchens of EatFit’ aligns with Curefoods’ commitment to providing nutritious, safe, and authentic meals. The company focuses on Zero Chemicals, Zero Trans Fat, and ISO-Certified Kitchens, setting a clear standard in the market for food safety and quality. The revamped platform aims to create a trusted brand identity synonymous with the highest food safety and nutritional standards.

Ankit Nagori, Founder of Curefoods said, “’Kitchens of EatFit’ represents our unwavering commitment to quality, safety, and authenticity in every meal we serve. This transition is a promise to our customers to uphold the highest standards in food safety and nutrition. With Hrithik Roshan as our brand ambassador and investor, we are set to redefine the future of food, inspiring trust and innovation across the industry.”

Hrithik Roshan’s association with the brand strengthens its position in the market. A well-known fitness icon and advocate of healthy living, Roshan’s involvement as both an investor and brand ambassador aligns with ‘Kitchens of EatFit’s mission. His credibility in the fitness sector and passion for healthy living complement the brand’s focus on clean and nutritious food.

Roshan added, “As someone passionate about fitness and mindful eating, ‘Kitchens of EatFit’ is a natural extension of my values. This partnership is a shared vision to make clean, nutritious, and delicious food accessible to everyone. I’m proud to be part of this journey, as both an ambassador and an investor, and I’m confident that Kitchens of EatFit will set new benchmarks in the food industry.”

With its new identity, ‘Kitchens of EatFit’ plans to scale operations in over 10 cities across India, ensuring that its core values of quality, safety, and authenticity are upheld at every touchpoint.

Chinese fast-fashion giant Shein has officially made its return to the Indian market after nearly five years, with the launch of a dedicated mobile app. The app, developed and managed by Reliance Retail, is now available for download on both the Google Play Store and Apple’s App Store.

The Shein app currently offers deliveries to cities such as Delhi NCR, Bengaluru, Mumbai, Navi Mumbai, and Thane, with nationwide shipping expected to be available soon, according to the app.

Shein, which is based in Singapore and manufactures in China, was forced to exit the Indian market following the 2020 border stand-off between India and China. During that time, the Ministry of Electronics and Information Technology (MeitY) banned Shein along with over 50 other apps, including TikTok, due to concerns over data security.

In 2023, almost three years after the ban, Shein formed a licensing agreement with Reliance Retail. Under this agreement, Reliance Retail Ventures Ltd, through its fully-owned subsidiary, now has full ownership and control over the platform in India.

Originally founded in Nanjing, China, in 2008 by entrepreneur Chris Xu under the name ZZKKO, Shein expanded its offerings in 2011 to include women’s clothing, cosmetics, and accessories. The company rebranded as SheInside before settling on its current name, Shein, in 2015. Now headquartered in Singapore, Shein operates in over 150 countries around the world.

The move by Reliance Retail to partner with Shein signifies a broader trend of global retail giants looking to tap into the rapidly growing Indian fashion market. With Shein now available on mobile devices, it gives consumers an easy and convenient way to shop for the latest trends, ensuring a seamless and engaging online shopping experience.

As the partnership unfolds, Shein’s return to India will be closely watched, not just for its potential to reshape the online fashion landscape, but also for the impact it could have on the future of international e-commerce in the country.

Timex Group India Ltd (TGIL), a key player in India's watch retail market and part of the global Timex Group, has reported significant financial growth for the third quarter of fiscal year 2025. The company achieved a total income of Rs 120 crore, reflecting a 27 percent quarter-on-quarter increase. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 4.6 crore, while Profit Before Tax (PBT) reached Rs 2.6 crore. New product launches, expansion of distribution channels, and strong demand in the luxury and fashion segments drove this growth.

Traditional trade emerged as the highest revenue contributor, recording a 30 percent increase. E-commerce continued its growth momentum, while the defense sector also showed notable progress, highlighting Timex Group India's diverse market reach.

Among its brands, the core Timex brand saw a 36 percent rise in sales, while Guess recorded 17 percent growth. In the luxury segment, Philipp Plein posted an 82 percent increase in Q3, reinforcing the company’s presence in high-end watch retail in India.

Financial Performance for YTD FY25

• Total income: Rs 403.7 crore, reflecting 23 percent growth
• PBT: Increased by 62 percent
• EBITDA: Grew by 44 percent

Channel and Brand Performance

• E-commerce: 31 percent growth
• Traditional trade: 22 percent growth
• Timex brand: 22 percent increase
• Versace: 37 percent growth
• Guess: 29 percent growth
• Philipp Plein: 337 percent growth

Deepak Chhabra, Managing Director of Timex Group India Ltd said, “We are excited to share yet another successful quarter performance, which is a result of our continuous focus on delivering exceptional craftsmanship and tapping into emerging market opportunities in the premium segment. The outstanding performances of our flagship Timex brand coupled with fashion and luxury segments, inspire us to keep innovating and expanding our reach to meet India’s growing appetite for premium timepieces.”

During the quarter, the company launched a 170th-anniversary limited-edition $1 watch, highlighting Timex’s heritage in watchmaking. Collaborations with global brands and designers such as Fortnite, James Brand, and Jacquie Aiche also contributed to brand visibility in India. Additionally, the festive season saw strong demand for premium collections, including the Timex Fria Peekaboo range.

Looking ahead, Timex Group India plans to expand further into airport retail, introduce premium brands, and diversify into new categories such as Guess Jewellery. The company also launched the Giorgio Galli S2Ti limited-edition watch, designed by Timex’s Milan-based Creative Director, Giorgio Galli. Limited to 500 pieces, the watch represents the latest evolution in the brand’s minimalist and durable design philosophy.

With an increased focus on digital enhancements, Timex Group India aims to strengthen its position in India’s evolving watch retail market.

Toni&Guy, the globally recognized British salon brand, is strengthening its foothold in India with the launch of multiple new salons across key cities. This expansion underscores the brand’s dedication to delivering world-class hair and beauty services while reaching a wider audience across the country.

In a significant milestone, Toni&Guy recently unveiled its latest outlet in Ahmedabad, marking a new chapter in its Indian growth story. The brand is set to open additional salons in prominent locations such as Haldwani, Srinagar, Mohali, Lucknow, Patna, Bareilly, and Noida by the end of the year. These new additions will increase the brand’s total salon count in India to 10.

Raghav Bhambri, Co-Owner, Toni&Guy North & West India expressed, “We are thrilled to expand Toni&Guy’s presence across India. Our focus has always been on bringing premium, cutting-edge hair and beauty services to our clients, and these new salons will allow us to do just that. Each location takes us one step closer to offering world-class salon experiences to people in more parts of the country.”

The newly launched salons will offer Toni&Guy’s signature services, including professional haircuts, advanced styling, innovative hair treatments, makeup, and beauty services. Designed to uphold the brand’s luxurious standards, each salon is staffed by highly skilled professionals who provide personalized consultations and top-tier results.

As part of this expansion, Toni&Guy will introduce its exclusive range of Label.M hair care products, designed to complement salon treatments and enable customers to achieve salon-quality results at home.

Renowned for its high-end services, Toni&Guy has established a strong reputation in India by offering tailored haircuts, expert coloring, and customized treatments that align with the latest trends while catering to individual client needs. The salons also provide a sophisticated, relaxing environment where clients can enjoy a comprehensive beauty experience.

With over 150 salons nationwide, Toni&Guy remains a leading choice for luxury hair and beauty services in India. The upcoming openings signal a new era of growth, bringing premium salon experiences to a broader clientele and further solidifying the brand’s position in the Indian market.