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A large section of customers across sectors reported that replacement purchases would be a significant driver for purchases in FY25 New Delhi : Certain sectors including beauty products, personal care, consumer electronics and consumer durables may face a tempering of growth, according to a report from consulting firm Deloitte. The decline is on account of the high volume of purchases post-pandemic that have created a high base for FY25, according to Deloitte’s “Future of Retail” report. The report also highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY2024–25, it added. “Yet the growth in premium products has outpaced entry-level products in several sectors, including electronics and personal care. Companies will benefit from understanding the pre

The IPO has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares New Delhi : The initial public offering (IPO) of luxury furniture brand Stanley Lifestyles got subscribed 96.98 times on the last day of subscription on Tuesday. The Rs 537-crore initial share sale received bids for 99,32,30,160 shares against 1,02,41,507 shares on offer, according to NSE data. The portion for qualified institutional buyers (QIBs) fetched 222.10 times subscription while the quota for non-institutional investors got subscribed 119.52 times. The quota for retail individual investors (RIIs) attracted 19.21-times subscription. The IPO has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share-sale has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it raised a little over Rs 161 crore f

Unit economics is directly linked to the profitability of a business. Here’s what to focus on to improve it It took ride-hailing company Uber 15 long years to turn profitable. When it finally turned green in February 2024, chief executive officer Dara Khosrowshahi attributed it to shifting the company’s focus to unit economics. “If I could go back in time, I would start focusing on unit economics earlier. That saves you from a lot of distractions,” he was quoted as saying in the media. Unit economics involves achieving profitability at the level of the smallest unit of a business. A common unit that most businesses consider for measuring unit economics is the customer acquisition cost or customer lifetime value. For profitable unit economics, businesses must ensure that their customer lifetime value is greater than their customer acquisition cost. Edtech company Physics Wallah, which offers offline courses as well as pen drive courses and study materials, focuses on increasing eve

The report provides an in-depth analysis of the current state of the FMCG sector in India and highlights future trends, focusing on the sector’s workforce dynamics ‘Empowering the Essentials: A Deep Dive into India’s FMCG Workforce’ report by recruitment and human resources services company TeamLease provides an in-depth analysis of the current state of the fast-moving consumer goods (FMCG) sector in India and highlights future trends, focusing on the sector’s workforce dynamics. The report gives an overview of the sector, highlighting its contribution to the Indian economy, market size, segmentation, and workforce composition. It also delves into various vectors influencing the segment, such as political, economic, social, technological, environmental, and legal factors. Moreover, the report covers the FMCG people supply chain and discusses gender distribution, associate distribution, hiring intent, and attrition rates. Key findings of the report are: Top five cities with strong

The Mumbai-based brand also intends launch over 30 retail locations, comprising exclusive stores and shop-in-shops by the end of FY26 Bengaluru:  Outdoor clothing and gear brand Gokyo is targeting to become a Rs 100 crore plus brand in the next five years, a top company official told IndiaRetailing. The Mumbai-based direct-to-consumer (D2C) brand also intends to achieve at least triple growth annually. The company plans to launch over 30 retail locations, comprising exclusive brand outlets (EBOs) and shop-in-shops by the end of the fiscal year (FY) 2026. Gokyo started online and later transitioned to offline with its first flagship store in April 2023 in Mumbai. Today, it operates over eight outlets across Mumbai, Bengaluru, West Bengal, and Srinagar. “We have been expanding our presence with shop-in-shops in sports adventure shops nationwide by partnering with dealers. We are soon opening our exclusive stores in Nasik, Hyderabad, Delhi NCR, Kolkata, Chennai, and more,” said Venkat

The ecosystem required for electronics in the next 6-7 years is going to be far more developed New Delhi : Signify’s India market is becoming more important by the day, and it is evaluating the manufacturing capacity in the country under the China Plus-One strategy, a company official said. Signify India has started playing an important role not only in the domestic business but also in helping our global business to grow from India, said Sumit Joshi, Vice-Chairman and Managing Director of Signify Innovations India. The Indian market of Signify — earlier known as Philips Lighting — is playing a big role in the design and R&D of Signify’s global lighting business and as an ecosystem for electronic products as semiconductors are developed here, the manufacturing opportunity will become bigger. “India is a very very important market and I am saying obviously because of the domestic potential which we have… but I also think the role that India could play for the world for Signify

The company has already sold 7 lakh units of residential air conditioner (RAC) in the first three months of the year New Delhi: Air conditioner maker Daikin expects to manufacture two million units in India this fiscal and has plans to scout for more export opportunities by making India a manufacturing hub. The company has already sold 7 lakh units of residential air conditioner (RAC) in the first three months of the year, helped by a blistering summer this season and expects over 50% growth, said Daikin Airconditioning India Chairman and Managing Director Kanwaljeet Jawa. Daikin, which has started its third manufacturing unit in India at Sri City in Andhra Pradesh, is investing in compressor manufacturing here and aiming to manufacture five million units by 2030. “The mandate is of 5 million units, which includes 4 million units for the domestic market and 1 million of exports by 2030 and we are very confident,” Jawa told PTI. The company is anticipating a “robust growth” in RAC

Consumerisation, banking, and hospitality are some of the other sectors that are utilising the power of AI New Delhi : AI will replace people with people, contrary to the common narrative, Deloitte’s AI Executive Rohit Tandon said, emphasising that the future belongs to AI-human collaboration, not replacement, as he envisions a revolutionary era where technology empowers, rather than replaces, the workforce. In an interview with PTI, Tandon, Managing Director, AI and Insights Practice Leader, Deloitte LLP, said AI will not snatch jobs, but will simply do away with some of the easier jobs, and create new roles. “AI will, with people, replace people… It’s not just AI replacing people. You still need humans in the loop,” he said. Tandon said the same kind of fear of job roles getting wiped out existed when IT, technology, and computers came into the scenario. “But just look at how many more jobs have been created across the globe because of IT. The same thing is going to happen wit

Gaurav Pande, Executive Vice President and Business Head of Popeyes (Jubilant FoodWorks Ltd.) engages in a discussion with Rasul Bailay, Group Managing Editor of IMAGES Group about the fried chicken restaurant chain’s two-year journey in India, retail expansion goals and and other related topics. The post Popeyes to enter over 40 Indian cities in the next 2-3 years: Gaurav Pande, Business Head appeared first on India Retailing . from India Retailing https://ift.tt/4FRnXbZ via IFTTT

Having over 250 SKUs  already, the company is aiming to introduce over 1,000 SKUs in the coming years The Indus Valley’s healthy kitchenware has been warmly received by customers across India, including chefs, home cooks, health-conscious individuals, fitness enthusiasts, and food bloggers and influencers. The brand, which has already reached the kitchens of over four lakh families, is surging towards its mission of transforming 100 million kitchens in India into healthy ones. Stirring it up The Indus Valley was founded by Jagadeesh Kumar and his wife Madhumitha in 2016. It all started due to a mishap with plastic cookware in the oven that made the couple look for safe and chemical-free cookware. “However, we were surprised to find that no popular brand was offering what we were looking for. The available cookware was either unhealthy or unreliable. We wondered why there was no reliable healthy cookware brand in India. This was one of the key gaps in the Indian market which led us t

Marking the seven-year journey of GST, Deloitte India conducted the survey to capture India Inc.’s views on this transformational tax reform New Delhi:  An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday. The Deloitte GST@7 survey, engaging C-suite and C-1 level executives across diverse industries through online platforms, highlights areas which have resulted in growing confidence in GST, specifically on the positive role of GST automation/ technology and consultative environment, in policy making. Reflecting growing confidence in GST, the survey found that about 84% of respondents reported a positive perception of GST in 2024, up from 72% in 2023 and 59% in 2022. Automation of tax compliance, including e-invoicing, continues to be voted as a top performance area. Also, enhance

Kaveri Nag is a passionate marketing professional with over 15 years of experience spanning the lifestyle retail, luxury auto, and advertising sectors. With a strong foundation in brand management, digital marketing, consumer research, and communication strategies, Kaveri has conceptualised and delivered numerous integrated marketing strategies driven by key market trends. Throughout her career, Kaveri has demonstrated a knack for leading diverse stakeholders to leverage technology for future-ready initiatives and driving digital transformation for business growth. She has spearheaded successful campaigns, product launches, and brand revitalization efforts in India, contributing significantly to the growth and success of the brands she has worked with. Currently serving in a pivotal role at Benetton, Kaveri focuses on strengthening the brand’s iconic positioning as a premium casual wear brand by pushing cultural and creative boundaries. Her responsibilities include managing budgets,

The company aims to grow 2 times year-on-year (YoY) across the categories of bags and rainwear in the next three years With the world returning to normal, the bags and luggage category is expected to grow at 25% YOY for the next five years. Even the market size for rainwear in India is around Rs. 2,000 crore. Operating in these two categories is The Clownfish, a brand that is winning customers’ hearts through its products that focus both on aesthetics and quality. The ideation Founded by Mahesh Subbiah and Kushal Bhansali in 2015, The Clownfish is one of the popular brands in the categories of rainwear as well as bags and luggage. The brand’s name is inspired by Nemo, a clownfish who was the titular character of the 2003 American computer-animated film, Finding Nemo. “At The Clownfish, we are inspired by Nemo’s spirit of adventure and persistence which are key to life’s many experiences, including travel. This is our brand spirit, and we have the persistence to grow the business and

Today, insights gleaned from market research and consumer behaviour are empowering Indian FMCG brands to comprehend their customers better and craft targeted strategies In the ever-evolving landscape of the Fast-Moving Consumer Goods (FMCG) sector in India, the transition from gut feeling to big data analytics marks a pivotal shift in how companies understand and respond to consumer behaviour. Traditionally, decision-making in FMCG relied heavily on intuitive insights drawn from years of industry experience and market observation. While effective in its own right, this approach often lacked the precision and scalability needed to keep pace with rapidly changing consumer preferences and competitive dynamics. According to NeilsenIQ, the Indian FMCG sector grew by 6.5% during January-March 2024, with rural consumption surpassing urban for the first time in five quarters. This shift underscores the necessity for FMCG brands to adapt swiftly, especially in rural India, where big data can

Sharma has been serving as the CIO and Head of Supply Chain at Bestseller India since August 2012, amassing over 27 years of extensive experience in the industry. His professional journey commenced in June 1996 at Futurecom, where he held the role of Product Manager for approximately five years. Subsequently, in July 2001, he transitioned to Vishal Retail Ltd. Initially serving as a store manager, he progressively advanced to positions such as Zonal Operation Head and Head of IT. Prior to his tenure at Bestseller, Ranjan held various roles at Future Group, including Head of SAP Practice, Head of Packaged Applications, and Head of IT. During his tenure, he spearheaded initiatives such as building the SAP Retail team. Ranjan is an alumnus of the American International University of Management & Technology and IIM Kozhikode, further enhancing his professional expertise and acumen. The post Digital Icon: Ranjan Sharma appeared first on India Retailing . from India Retailing http

Stanley Lifestyles has decided to allot 43.66 lakh equity shares to 16 funds at Rs 369 a piece New Delhi: Luxury furniture brand Stanley Lifestyles on Thursday said it has raised a little over Rs 161 crore from anchor investors, a day before its initial share-sale. Those who have been allotted shares are — SBI Mutual Fund (MF), Nippon India MF, ICICI Prudential MF, HDFC MF, Quant MF, Motilal Oswal MF, Bandhan MF, SBI Life Insurance Company and Max Life Insurance Company, according to a circular uploaded on BSE’s website. Stanley Lifestyles has decided to allot 43.66 lakh equity shares to 16 funds at Rs 369 a piece, taking the aggregate transaction size to Rs 161.1 crore. The Rs 537-crore initial public offering (IPO), with a price band of Rs 351 to Rs 369 per share, will open for public subscription on June 21 and conclude on June 25. The IPO comprises fresh issuance of equity shares worth Rs 200 crore and an offer-for-sale (OFS) component of 91.33 lakh equity shares by the compa

Apeksha Gupta, chief executive officer of John Jacobs, talks about the premium eyewear brand’s strategic priorities, omnichannel journey, marketing initiatives and more Bengaluru:  Designer eyewear brand John Jacobs, under the aegis of Lenskart, has carved a niche in the Indian eyewear market by transforming eyewear from a medical necessity to a fashion statement. Co-founded by Piyush Bansal and Sambuddha Bhattacharya in 2015, the New-Delhi-based brand is currently accessible in more than 2,000 Lenskart retail stores, over 20 John Jacobs exclusive brand outlets (EBOs), Lenskart and its own website as well as various e-commerce marketplaces, across India, Singapore and UAE. Lenskart is an investor as well as a parent marketplace, providing John Jacobs with an extensive supply chain, retail network, and global online presence. With nearly nine years in the market, John Jacobs has become a trendsetter, introducing around 800 new product options annually and being the first eyewear bran

In India, NetApp serves customers across some of the largest public and private sector banks, top telecom operators, IT service companies, cloud aggregators New Delhi: With India emerging as a global leader in AI adoption, it is poised to become the largest market in the Asia-Pacific region in the next five years for intelligent data infrastructure company NetApp, a top company official said on Wednesday. India has emerged as the global leader in AI implementation with 70% of companies having AI projects implemented or in planning, surpassing the global average of 49% , said Puneet Gupta, VP and MD, NetApp India/SAARC, citing the company’s recent report. The second annual NetApp Cloud Complexity Report, which examines how technology leaders worldwide are deploying AI at scale, surveyed 1,300 top-level IT executives from key markets across the world, including India, the US, the UK, France, Germany, Spain, Australia/New Zealand, Japan, and Singapore. The report revealed that a sign

Deepika Khare, National Head – Business Development at CaratLane and Shaya speaks to Anagha R Ratna, Business Reporter at IMAGES Group about the omni-channel jewellery brand’s partnership with Titan Company’s Tanishq, implementation of technology in the jewellery business, future retail expansion plans and more. The post CaratLane to focus on ‘middle India’ for expansion: Deepika Khare, National Head – Business Development appeared first on India Retailing . from India Retailing https://ift.tt/wKqu9z8 via IFTTT

Internet and Mobile Association of India (IAMAI) proposed recommendations for the Dual Legislation New Delhi : India Inc on Tuesday raised its concerns over the draft Digital Competition Bill 2024 in a meeting chaired by MeitY Secretary S Krishnan. The meeting, earlier scheduled for June 13 but postponed at the last moment, also saw participation from representatives of the Competition Commission of India and the Ministry of Corporate Affairs. Internet and Mobile Association of India (IAMAI) proposed recommendations for the Dual Legislation, saying the current Competition Act and the new bill for digital markets are unfair and untenable. It said the definition of significant digital players virtually includes all digital firms, large and small, making the scope of the draft poor. The Digital Competition Bill (DCB) has driven its inspiration from the European Union’s Digital Market Act 2022. IAMAI said the EU’s DMA has not been able to solve the revenue share issue, but whatever i

The project, initially planned with an investment of Rs 230 crore, has now been revised to a total of Rs 1,000 crore New Delhi: Sri Lanka cricket legend Muttiah Muralitharan will invest a total of Rs 1,400 crore in phases to establish a beverages (soft drinks) and confectionery unit in Badanaguppe in Chamarajanagara district, according to Karnataka Large and Medium Industries Minister MB Patil on Tuesday. The announcement came after Patil held discussions with Muralitharan, who met him to discuss the project. In a statement by the Minister’s office, Patil said the former Sri Lanka cricketer Muralitharan plans to manufacture beverages and confectioneries under the brand “Muttiah Beverages and Confectioneries.” The project, initially planned with an investment of Rs 230 crore, has now been revised to a total of Rs 1,000 crore. It will be further increased to Rs 1,400 crore in a few years, he said. The minister also noted that 46 acres of land have already been allocated for the proj

The bootstrapped ethnic apparel brand’s immediate focus is on establishing offline stores in India New Delhi : Mumbai-based D2C ethnic apparel and fashion brand Mirraw eyes a revenue of around Rs 125 crore in the ongoing financial year (FY) 2023-24, an increase of over 20% compared to the last year, its top executive told IndiaRetailing. In addition, the D2C brand has chalked out a robust growth plan. “We have several strategic initiatives in place, including the introduction of new product lines, enhancements to our marketplace platform and an increased focus on domestic markets,” said Shailesh Jain, co-founder of Mirraw. In the first quarter (Q1) of the calendar year 2024, Mirraw saw a 25% growth from February to March driven by marketing campaigns and the launch of newer collections. “Sales were steady as we continued to build on the strong performance from the holiday season, reflecting a growing interest in our new collections and seasonal promotions,” said Jain. The company

The store will offer Indian bridal fashion wear including luxurious bridal lehengas and occasion wear New Delhi: Fashion designer Richa Ahluwalia has opened a flagship store in the national capital’s Defence Colony area, the designer announced in a press release on Tuesday. The store will offer Indian bridal fashion wear including luxurious bridal lehengas and occasion wear, the release added. “I am thrilled to unveil our flagship store in Defence Colony, which will redefine the way bridal fashion is perceived in the city. This marks the beginning of an exciting new chapter for our brand, and I look forward to welcoming patrons to experience the epitome of luxury and elegance,” said Ahluwalia. Richa Ahluwalia is a bridal couture house offering wedding outfits like lehengas, sarees, anarkalis, kurta sets, jalabiyas, suits for brides and achkans, bandgalas, waistcoats for grooms along with other categories like party wear. The designer has a clientele that includes celebrities and w

The sales of innovation products have been more than 6% in 2023 for Nestle India New Delhi : India is one of the fastest growing markets for the Swiss global food & beverage major Nestle, where its local subsidiary has delivered a double-digit growth. The company, which owns popular brands such as Maggi, Kit Kat and Nescafe, is leveraging existing competencies and capabilities and investing in new areas of opportunity to deliver long-term value, according to Nestle India’s latest annual report. Now, India has become the largest Nestle market globally for Maggi and the second-largest for chocolate wafer brand Kit Kat. “Penetration, premiumisation and innovation, combined with disciplined resource allocation, have been key in driving business, making your company one of the fastest growing markets for Nestle globally,” said the latest annual report. The sales of innovation products have been more than 6 % in 2023 for Nestle India. It was at 3% in 2018. Besides the domestic mark

Daniel Levin, Managing Director of Travel Blue delves into a discussion with Rasul Bailay, Group Managing Editor of IMAGES Group about the travel accessory brand’s future strategies for the Indian market and other related topics. The post India is one of the top 5 countries for Travel Blue: Daniel Levin, MD appeared first on India Retailing . from India Retailing https://ift.tt/ELNOcZl via IFTTT

Key areas in which shopping centres are doing things differently than before to improve revenues, grow profitably New Delhi: Over the past two decades, shopping malls in India have undergone a significant transformation, evolving from simple retail spaces to comprehensive lifestyle destinations in response to changing customer aspirations. Malls today have expanded their offerings to include entertainment, dining, and recreational activities, creating a more holistic experience for visitors.  But creating the perfect shopping destination, is a never-ending assignment, expressed industry leaders at the Phygital Retail Convention 2024. And running a profitable one requires looking at some key changes that are underway. These include: Rationalisation of space given to cinemas Pre-pandemic, cinema used to be one of the main anchors, generating footfalls in the shopping malls. However, in recent times, many shopping malls have reduced the number of screens, giving space to other entert