Retail India News: Goyal Salt Limited Targets Rs 300 Cr Turnover with New Gandhidham Facility

Zeno Health, one of India’s leading omnichannel pharmacy networks, has introduced a 50-minute medicine delivery service in Mumbai. This initiative aims to provide quicker access to essential medications, particularly generics that are often difficult to find elsewhere. By strengthening its omnichannel presence, Zeno Health seeks to eliminate delays in urgent and chronic care medication delivery, reinforcing its mission to democratize healthcare access.

Leveraging its extensive retail network and technology-driven logistics, Zeno Health will utilize its 180+ stores as micro-fulfillment centers, ensuring real-time stock availability and rapid dispatch. Unlike traditional models that rely on centralized warehouses—leading to longer fulfillment times—Zeno Health’s decentralized approach enables faster deliveries. Additionally, the company’s direct sourcing from manufacturers eliminates intermediaries, allowing it to offer medicines at up to 60% cost savings without compromising on quality.

Girish Agarwal, Co-founder & Director, Zeno Health highlighted, “Seamless access to essential medicines is a fundamental pillar of quality healthcare. At Zeno Health, we are ensuring real-time stock availability and rapid dispatch to eliminate delays that impact patient care. Our 50-minute delivery service is not just about speed—it’s about building a patient-first healthcare ecosystem that enhances affordability, trust, and access at scale.”

Siddharth Gadia, Co-founder, Zeno Health shared, "Healthcare can’t wait—every delay in medicine availability affects lives. Our 50-minute delivery service ensures that no one is left waiting for essential medicines, whether for chronic conditions or immediate care. This initiative reinforces our commitment to breaking barriers in healthcare access and ensuring that high-quality, affordable medicines reach those who need them the most."

Customers can place orders via the Zeno Health app, in-store, or over the phone, with the added benefit of free delivery and no minimum order requirement—whether for a single strip of medicine or a full prescription. To further enhance convenience, Zeno Health also offers a no-questions-asked return policy, ensuring a seamless and hassle-free experience for patients.

Bradford License India is excited to announce its partnership with Jay Jagannath, the award-winning animated series that received the Best 2D Animated Series Award at the ANN Awards 2024. Inspired by the revered Lord Jagannath, this highly acclaimed mythological series is set to expand globally, marking its entry into the licensing market. This collaboration will open new opportunities to introduce the beloved series across various consumer product categories, including apparel, toys, home décor, and more.

Jay Jagannath has already completed 78 episodes, engaging and captivating audiences with compelling storytelling, garnering an 8.0 IMDb rating. Building on its growing popularity, several new episodes are currently in production, along with two feature films that will further expand the franchise and its reach. The show has gained significant viewership on POGO by Warner Bros. Discovery India and has further extended its reach through its dedicated YouTube channel. As the series continues to grow in popularity, the licensing potential for Jay Jagannath is immense. The series follows the inspiring journey of Lord Jagannath (in his human form as Jagan) and his devoted friend Balram Das, exploring themes of love, respect, friendship, and fearlessness. With its unique storytelling and compelling characters, the show has captured the attention of viewers, young and old alike, establishing a solid fan base and ensuring its place as a popular choice among Indian audiences. Toonz Media Group represents Jay Jagannath globally, managing its distribution and expanding its presence across international markets. 

Gaurav Marya, Chairman of Bradford License India shared, “We are thrilled to partner with Jay Jagannath to bring this iconic series into the licensing space. The series not only showcases the values of Indian culture but also has universal appeal, making it a perfect fit for the diverse Indian market. Our aim is to work with the best licensees to create an assortment of meaningful products that resonate with fans across India.”

Durga Prasad Dalai, Founder Director and Creative Head of Ele Animations Pvt Ltd, the creators of Jay Jagannath said, “We are delighted to partner with Bradford License India to take Jay Jagannath into the licensing realm. This collaboration will allow us to extend the reach of the series and share its powerful message with audiences across the country. We believe that this licensing partnership will bring about a new wave of excitement among fans and ensure the continued success of the series.”

P. Jayakumar, CEO of Toonz Media Group commented, “Jay Jagannath is a series that beautifully blends rich cultural heritage with engaging storytelling, making it a strong contender for global expansion. As the exclusive distributor, Toonz Media Group is excited to bring this beloved series to wider audiences and unlock its immense potential in the licensing space. Partnering with Bradford License India marks an important step in extending Jay Jagannath beyond screens, allowing fans to connect with the brand through a diverse range of products that celebrate its essence.”

This collaboration opens up exciting merchandise opportunities for Jay Jagannath, with Bradford License India facilitating the brand’s entry into India’s competitive licensing market. The series’ deep cultural influence, combined with its inspiring message, will form the basis for a diverse range of consumer products that will captivate audiences of all ages.

The Indian licensing market has witnessed impressive growth in recent years, driven by the rising demand for branded merchandise and the increasing influence of global and local entertainment properties. According to a report by Licensing International, the Indian licensing industry is expected to grow at a CAGR of 15% over the next few years, with key segments like apparel, toys, home décor, and stationery seeing significant growth. With a large and diverse youth demographic, the market presents a promising landscape for brands like Jay Jagannath to make a strong impact.

Jay Jagannath’s licensing opportunities will span various categories such as apparel, toys, stationery, home décor, and more, offering fans a diverse range of products to engage with, while also appealing to a broader demographic, including both children and adults, such as parents and grandparents. Bradford License India aims to drive the brand’s growth by creating innovative, high-quality products that align with the series’ values and storytelling.

For partnership inquiries, please reach out to info@bradfordlicenseindia.com
For more information,
Visit: www.bradfordlicenseindia.com
Follow us on: https://www.instagram.com/bradfordlicenseindia/

About Jay Jagannath
Jay Jagannath is an iconic Indian animated property, created by Ele Animations Pvt. Ltd., that brings to life the rich cultural legacy of Lord Jagannath in a modern, engaging format. Airing on POGO TV, the show has captivated audiences with its mythological storytelling, vibrant animation, and powerful messages. With its growing popularity, Jay Jagannath offers exciting licensing opportunities across various categories including apparel, toys, stationery, home décor, and more, appealing to a wide range of fans, from children to adults.
Visit: https://jay-jagannath.com/

About Bradford License India
Bradford License India, affiliated with Bradford Licensing LLC, is a leading global licensing agency specializing in brand licensing, retail merchandising, and market expansion strategies. Since its inception in 2010, Bradford has been at the forefront of the licensing industry in India, representing prestigious brands and creating successful licensing partnerships.
Visit: www.bradfordlicenseindia.com
#JayJagannath #IndianBrandLicensing #CulturalEntertainment #BradfordLicenseIndia #LicensingOpportunities #AnimatedSeries #GlobalBrands #IndiaExpansion

About ELE Animations Pvt Ltd
ELE Animations is emerging as a top exporter in the kids' animation segment, offering cutting-edge technology, top-notch quality, and original storytelling methodologies. With a strong international presence, having exported services to clients in over 36 countries, ELE Animations is now making significant strides with its own IP production and an international IP partnership with Toonz. Learn more at www.eleanimations.com.

About Toonz Media Group
Toonz Media Group is a 360-degree media powerhouse with over two and a half decades of unparalleled expertise in kids and family entertainment. As one of the world’s most active animation studios, Toonz produces over 10,000 minutes of 2D and CGI content annually. Its credits include acclaimed projects such as Wolverine and the X-Men (Marvel), Speed Racer: The Next Generation (Lionsgate), Mostly Ghostly (Universal), and Gummy Bear and Friends. Toonz also explores emerging technologies like AR, VR, and Gaming.
www.toonz.co

Mattlook Cosmetics has announced Sachin Chhabra's appointment as vice president of retail and offline growth. With over 26 years of experience in sales and managerial roles, he will focus on strengthening the brand’s retail presence and offline expansion in India.

Sachin has previously held key positions at brands such as Bella Vita, Modi Revlon, and Bergamot Beaute. His expertise in retail operations and sales is expected to enhance Mattlook Cosmetics’ offline market strategy and contribute to its growth in India and beyond.

Yashu Jain, Co-Founder and CMO, Mattlook Cosmetics said, "We are glad to welcome Sachin Chhabra into the Mattlook family. His wealth of experience and innovative outlook sits quite well with our vision of growing retail footprints and taking our quality beauty solutions to a wider audience."

Sachin Chhabra stated, "I am excited to be joining Mattlook Cosmetics in such a transformative season. The brand has immense potential to make a lasting mark in the beauty industry, and I look forward to leveraging my experience to fuel its retail growth journey and offline growth."

With his background in retail strategy and sales team development, Sachin Chhabra is expected to play a key role in expanding Mattlook Cosmetics’ offline distribution while ensuring the brand remains competitive in the beauty segment.

Saffron & Mishri, one of the recognized artisanal mithai brands, has made its grand debut in Mumbai with the launch of two stores and cafes in Mahalakshmi and Powai. Committed to reviving the legacy of Indian mithais and positioning them as a preferred dessert choice, the brand handcrafts its offerings using time-honored artisanal recipes and the finest ingredients. Founded by artist Gunjan Shrivastava, Saffron & Mishri is a passion project with a simple mission—to help people rediscover their connection to tradition through the rich flavors, textures, and stories of Indian sweets.

The brand’s fusion mithais offer a refreshing twist while maintaining the authenticity and craftsmanship that define India’s traditional sweets. Under Gunjan’s creative vision, Saffron & Mishri prioritizes purity, quality, and ethical sourcing, using premium ingredients such as saffron, nuts, and milk procured from various regions across India. 

Each store is designed to offer an immersive experience, with interiors inspired by Indian crafts like Banarasi and Kantha embroidery. The Powai outlet features a cozy cafe with Instagram-worthy interiors, making it an ideal space to enjoy mithai and flavorful chaat. The Mahalakshmi Experience Center, on the other hand, offers an interactive ‘Make Your Own Memories’ (MYOM) counter, allowing customers to participate in hands-on workshops.

Gunjan Shrivastava, Founder, Saffron & Mishri said, “During my travels across India, I discovered a treasure trove of mithai that carried the unique stories of our culture.  I have rediscovered recipes and perfected techniques behind each mithai, for our customers to indulge in its real flavors. Furthermore, we also observed that there is a significant void in today’s mithai industry—authenticity, hygiene, and transparency in sourcing are often overlooked. We therefore source the finest ingredients from different parts of the country and craft mithais in our state-of-the-art kitchen. At Saffron & Mishri, our aim is to help people rediscover their soul with Indian Mithais.”

With a vision to revive the tradition of sharing and gifting mithai during festivals, weddings, and milestones, Saffron & Mishri aims to become the go-to brand for artisanal sweets. The brand’s products are available at its Mahalakshmi and Powai stores, with pan-India delivery through its website, along with local deliveries via Zomato and Swiggy.

Krishival Nuts, one of the well-known brands in the premium flavored nuts segment, has achieved a significant milestone by surpassing US $100,000 in monthly sales in Singapore. The brand’s flavored cashews, pistachios, and almonds have gained immense popularity among consumers, driving strong sales growth in the region.

Currently, Krishival Nuts is available in 75 stores across Singapore, with plans to expand to 300 stores within the next year. This expansion strategy underscores the company’s commitment to strengthening its foothold in the competitive Singaporean market and catering to the increasing demand for high-quality, innovative flavored nuts.

Krishival Nuts attributes its success to its focus on quality, unique flavor profiles, and premium sourcing. By continuously innovating and maintaining high standards, the brand has been able to capture consumer interest and build a loyal customer base. The company aims to leverage this momentum to further expand its presence in international markets while reinforcing its brand identity.

With growing consumer awareness about healthy snacking, Krishival Nuts has positioned itself as a preferred choice for those seeking nutritious yet flavorful options. The brand’s emphasis on delivering authentic taste and freshness has been a key differentiator in a highly competitive industry.

Krishival Foods Limited, the parent company, is a rising FMCG player specializing in nuts, dried fruits, and ice cream. It markets its nuts and dried fruits under the ‘Krishival Nuts’ brand and ice cream under the ‘Melt n Melow’ brand through its subsidiary. As the company continues to expand its operations, it remains focused on delivering high-quality products that align with evolving consumer preferences.

The success of Krishival Nuts in Singapore marks a significant step toward global growth, reinforcing the brand’s ambition to become a major player in the premium snacking industry.

Retail giants Amazon and Walmart-owned Flipkart have been found in violation of Indian quality control regulations by stocking and selling products that lacked the required Bureau of Indian Standards (BIS) certification, India’s top product certification agency announced recently.

On Wednesday, the Bureau of Indian Standards (BIS) conducted raids at warehouses operated by both e-commerce firms in Tiruvallur district, Tamil Nadu. The raids revealed that both companies stored, sold, and exhibited products that did not carry the mandatory BIS standard mark, a government statement confirmed.

Responding to the findings, an Amazon India spokesperson stated that the company is “engaged closely with various stakeholders, including regulators.” Similarly, a Flipkart spokesperson reiterated the company’s commitment to compliance, stating, “The platform has several processes to review the listings sellers make on the marketplace and also conducts regular audits to ensure compliance.” Flipkart also emphasized its efforts to work with sellers to raise awareness and adhere to all applicable laws.

The BIS crackdown adds to the ongoing regulatory challenges faced by Amazon and Flipkart, both dominant players in India’s e-commerce industry. According to consultancy firm Bain & Company, India's e-commerce market was valued at $57 billion to $60 billion in 2023, with projections to exceed $160 billion by 2028.

During the raids, officials seized 3,376 uncertified products from Amazon’s warehouse, including flasks, insulated food containers, toys, and ceiling fans. From Flipkart’s warehouse, officials confiscated diapers, casseroles, and stainless steel water bottles.

This is not the first regulatory challenge for the two companies. In September 2023, an antitrust investigation found that Amazon and Flipkart had violated local competition laws by favoring select sellers on their platforms. Later in November, authorities raided several Amazon and Flipkart sellers, following a 2021 Reuters investigation that revealed Amazon had provided preferential treatment to select sellers to circumvent Indian regulations.

Amazon has denied any wrongdoing in response to these allegations.

Malabar Gold & Diamonds is set to expand its presence across India with the launch of 12 new showrooms by March 2025. This latest expansion drive will bring the total showroom count to 391 across 13 countries, strengthening the brand’s footprint in 19 Indian states.

The new showrooms will be located in Panvel (Mumbai), Sinhagad Road (Pune), Brahmapur and Soubhagya Nagar (Odisha), Dhanbad (Jharkhand), Hospet, Nagarbhavi, and Chitradurga (Karnataka), Nandyal, Amalapuram, Machilipatnam (Andhra Pradesh), and Varanasi (Uttar Pradesh). The Malabar Group has invested Rs. 600 crores in this expansion phase and has hired 406 employees in various roles this financial year.

Further strengthening its global presence, Malabar Gold & Diamonds plans to open 60 new showrooms in 2025, including five new locations in April across the Middle East, UK, and Canada.

As part of its branding efforts, Malabar Gold & Diamonds has launched a consumer awareness campaign featuring actor and brand ambassador NTR Jr. The campaign reinforces the brand’s commitment to sustainability, authentic hallmarked jewelry, and certified natural diamonds, positioning it as a responsible jeweler.

MP Ahammed, Chairman, Malabar Group said, "Our expansion plan is aligned with our broader vision of extending our global footprint and offering quality-focused, transparent retail practices coupled with a world-class shopping experience to more people across the world. We are deeply committed to ethical business practices and responsible sourcing, which are at the core of our values. As we continue to grow and enter new markets, each showroom opening represents a step closer to realizing our vision of becoming the world’s number one jewelry and luxury brand. This global market penetration not only broadens our reach but also strengthens our position as a trusted brand that offers excellence, integrity, and unparalleled luxury to our customers worldwide."

Each showroom will showcase a diverse range of traditional and contemporary jewelry collections, paired with a personalized shopping experience that reflects Malabar Gold & Diamonds’ dedication to customer service excellence.

Malabar Gold & Diamonds operates 11 state-of-the-art factories in India and five international units, ensuring world-class craftsmanship and quality in jewelry manufacturing. Key facilities in Hyderabad, Jaipur, and Bangalore serve as innovation hubs, leveraging cutting-edge technology to create exquisite designs while adhering to the highest standards of legal compliance, quality assurance, and sustainability. 

Beyond India, Malabar Group’s global footprint spans across the UAE, Qatar, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Malaysia, the USA, UK, Canada, and Australia. 

Corporate social responsibility remains central to Malabar Group’s mission. Its ‘Hunger Free World’ initiative provides nutritious meals to 60,000 individuals daily across 81 cities in 17 Indian states. 

Juicy Couture, a renowned Los Angeles-based lifestyle brand known for its signature blend of casual glamour, is set to make its much-anticipated debut in the Indian market. The brand is entering India in collaboration with Brand Concepts Ltd., a leader in introducing global fashion, travel gear, handbags, and lifestyle accessories to the country. This partnership aims to bring Juicy Couture’s signature collection of handbags and luggage to Indian consumers, infusing the fashion scene with its fresh and vibrant energy.

The debut collection features a striking range of handbags and luggage that seamlessly merges luxury with everyday fashion. Juicy Couture’s offerings bring together California’s cool, laid-back aesthetic with opulent charm, creating timeless pieces that exude both style and fun. Designed to cater to fashion-forward Indian shoppers, the collection encapsulates the brand’s commitment to casual luxury, ensuring a perfect balance between comfort and sophistication.

"We are excited to bring Juicy Couture’s iconic handbags, travel gear & lifestyle accessories collections to India. With our expertise in curating premium fashion pieces, this collaboration is a perfect match for Juicy Couture’s bold and trendy aesthetic. As Indian consumers continue to seek high-quality, distinctive brands, we’re thrilled to offer them a label that blends luxury with playful style. This partnership marks an exciting milestone, and we are confident that Juicy Couture will strike a chord with fashion-forward Indian shoppers who value both sophistication and unique flair. Brand Concepts Ltd. will oversee the design, manufacturing, and distribution of the handbags and travel accessories,” shared Abhinav Kumar, Cofounder & CEO of Brand Concepts Ltd. 

Whether consumers are drawn to Juicy Couture’s statement-making handbags or timeless luggage pieces, the brand ensures that every moment feels special. By embracing effortless California style, Juicy Couture allows fashion enthusiasts to enjoy a perfect fusion of trend and comfort, offering a stylish yet fun take on casual luxury.

With its distinctive blend of fashion-forward designs and playful elegance, Juicy Couture is all set to redefine casual luxury in India, offering consumers an exciting new way to express their style.

BESTSELLER India has announced the appointment of Sumit Dhingra as its new Country Director, effective June 1, 2025. With over two decades of experience in the fashion and lifestyle industry, Sumit brings extensive expertise in brand building, retail expansion, and strategic business management. His appointment marks a significant milestone in BESTSELLER’s continued growth and commitment to the Indian market.

Sumit’s career spans leadership roles at some of the most renowned fashion brands. He began with Aditya Birla Fashion and Lifestyle and United Colors of Benetton before spending a decade at Arvind Fashions, where he played a pivotal role in scaling multiple international brands. In 2019, he joined Crocs, successfully leading business operations across India, Southeast Asia, the Middle East, and Africa, strengthening the brand’s footprint in these regions. With a deep understanding of retail operations, strategic planning, and market expansion, he is well-positioned to lead BESTSELLER India into its next phase of growth.

Anders Holch Povlsen, CEO, BESTSELLER expressed, “Sumit has strong experience in the fashion industry and a leadership approach that aligns well with BESTSELLER and our goals in India. We remain focused on growing our business in this market, and I’m confident that, together with the team, Sumit will help drive that growth. India is an incredibly important market for BESTSELLER, and we deeply appreciate the trust and support of our customers here. We look forward to continuing to strengthen our presence and delivering great fashion experiences to our customers across the country."

“BESTSELLER has firmly established itself as a prominent player in the Indian fashion landscape, and I am excited about the opportunity to contribute to its next phase of growth. All BESTSELLER brands are currently at an interesting juncture, having achieved significant progress while presenting substantial opportunities for further expansion and growth. I look forward to collaborating with the team to deliver excellence in the Indian market,” shared Sumit Dhingra on his appointment.

Sumit Dhingra succeeds Vineet Gautam, who stepped down as Country Director last year. His appointment signals BESTSELLER India’s commitment to strengthening its presence and delivering exceptional fashion experiences in the Indian market.

AceVector Limited has appointed Anil Kumar as its Group Company Secretary, bringing over 15 years of expertise in corporate governance, legal and secretarial compliance. In this role, he will oversee corporate secretarial affairs and regulatory compliances across AceVector’s group companies, including Snapdeal, Unicommerce eSolutions, Shipway Technology, and Stellaro Brands.

Anil’s responsibilities will encompass statutory and regulatory compliance, SEBI law adherence, liaison with regulatory bodies, corporate governance advisory, and the coordination of board and general meetings.

Prior to joining AceVector Limited, Anil served as the Head of Legal, Company Secretary, and Compliance Officer at Ethos Limited, India’s premier luxury Swiss watch retail chain, from May 2011 to January 2025. Before that, he worked at Parabolic Drugs Limited, a manufacturer of bulk drugs and active pharmaceutical ingredients, as Company Secretary and Compliance Officer from December 2009 to May 2011.

“I am pleased to assume the role of Group Company Secretary at Acevector. My primary focus is to provide guidance and support to the board and management on all regulatory matters while promoting organizational transparency and governance. I look forward to collaborating with the team to achieve our shared strategic goals,” expressed Anil Kumar.

Anil holds a commerce degree from Nagpur University and is a fellow of the Institute of Company Secretaries of India. Additionally, he has played key leadership roles within the Institute of Company Secretaries of India, serving as Treasurer and Chairman of the Chandigarh Chapter of the North India Regional Council.

With Anil Kumar’s appointment, AceVector Limited is set to strengthen its compliance and governance structures, ensuring that the company remains aligned with industry best practices and regulatory expectations. His leadership is expected to bring valuable insights and expertise that will support the company’s growth and operational excellence in the years to come.

Arrow has unveiled its largest store in Punjab, further strengthening its foothold in the region’s menswear market. Located in Model Town, Jalandhar, the new store spans over 2,000 sq. ft. and is designed to offer an elevated shopping experience for men who appreciate timeless elegance and modern sophistication.

The expansive multi-level store reflects Arrow’s refreshed identity, seamlessly blending contemporary aesthetics with a premium retail experience. The design features sleek, modern elements that enhance the store’s refined ambiance, ensuring customers can engage with the brand’s latest collections in a seamless and immersive manner.

Arrow’s new Jalandhar store showcases a comprehensive range of menswear, including sophisticated formalwear, versatile smart casuals, and elegant ceremonial attire. The thoughtfully designed layout enhances convenience, making it easier for customers to explore and shop the latest styles suited for various occasions.

“We are glad to open our doors in Jalandhar, Punjab. This marks the beginning of our focused expansion in North India and reinforces our commitment to the region. The new store is built to be the biggest and is designed in keeping with Arrow’s new look and feel. The collection encapsulates modern workwear, seamlessly blending sophistication with refined style,” said Anand Aiyer, CEO at Arrow.

Situated in the heart of Model Town, Jalandhar, a prominent retail hub, the new Arrow store aims to redefine the shopping experience for fashion-conscious men.  The interiors, marked by a sophisticated yet contemporary ambiance, create an inviting atmosphere that aligns with Arrow’s signature aesthetic.

With this strategic expansion, Arrow strengthens its commitment to delivering world-class menswear while catering to the increasing demand for premium fashion in Punjab. The launch of this store marks an important step in the brand’s journey, setting the stage for further growth in North India. By offering an elevated retail experience and a comprehensive selection of menswear, Arrow continues to solidify its position as a leading force in the Indian fashion landscape.

MCKT Beverages Pvt. Ltd. has officially introduced Khukri Rum to the Indian market, marking a significant milestone for the internationally renowned brand. Produced by Nepal’s first distillery, Khukri Rum carries a 65-year-old Himalayan legacy, blending tradition and innovation to offer an authentic and premium spirits experience. Known as "the rum from the top of the world," Khukri Rum has earned global recognition and is already well-established in key international markets such as the USA, UK, Japan, Italy, Australia, and the UAE. With its Indian debut, starting in Uttar Pradesh, Goa, and Maharashtra, the brand aims to expand further across the country, reinforcing MCKT’s vision of elevating India’s premium spirits landscape with superior quality offerings.

As part of its Indian launch, Khukri Rum is introducing three distinctive expressions, each crafted to cater to diverse consumer preferences. Khukri XXX Rum offers a bold, dark profile with earthy undertones, featuring toffee, vanilla, prune, and Himalayan herbs, culminating in a smooth caramel finish. Khukri Spiced Rum presents a refined blend of cardamom, ginger, toffee, and woody cinnamon, enhanced with dry fruits for a subtly sweet, warm taste and a lingering finish. Khukri White Rum is designed for those who prefer a delicate tropical character, with a smooth, crisp texture, achieved through meticulous charcoal filtration, making it ideal for premium cocktails.

Khukri Rum has been globally recognized for its excellence, winning prestigious awards such as the Bronze Award at the 2024 International Wine and Spirit Competition, Silver at the 2004 World Selection of Spirits & Liqueurs, and Gold at the International Rum Festival, among others. This legacy of excellence is deeply tied to Nepal’s cultural heritage, where distilling has been an integral part of celebrations and traditions for centuries. Inspired by the legendary Gurkhas and the precision of the Khukuri knife, Khukri Rum symbolizes Nepal’s strength, tradition, and dedication to craftsmanship.

Harsh Sinha, Country Director - India, MCKT Beverages Pvt. Ltd. said, “We are thrilled to introduce Khukri Rum to Indian consumers, marking a pivotal moment in our journey. With a rich legacy dating back to 1959, Khukri Rum embodies the finest craftsmanship, heritage, and quality. India’s growing appreciation for premium spirits makes this an opportune time to bring our iconic blend to this dynamic market. This expansion is a strategic step in our commitment to sharing Nepal’s proud distilling tradition with a discerning audience, and we look forward to establishing Khukri as a preferred choice among connoisseurs.”

With its Indian debut, Khukri Rum promises to set a new benchmark for rum enthusiasts, offering a refined and premium experience. As the brand continues to build on its rich heritage, it remains committed to delivering exquisite craftsmanship, authenticity, and innovation, solidifying its status as one of the most distinguished rums in the world.

Cellecor Gadgets Limited, one of India’s fastest-growing consumer electronics brands, has announced a strategic partnership with two of South India’s leading retail chains—B New Mobiles and Celekt. This collaboration will strengthen Cellecor’s retail footprint in Andhra Pradesh, Telangana, and Maharashtra, making its range of smart gadgets, electronics, and appliances more accessible to consumers in these key markets.

B New Mobiles, a well-established retail chain with over 141 stores across Andhra Pradesh and Telangana, has been a trusted name in consumer electronics for over three decades. The brand is known for its seamless customer experience, extensive product portfolio, and expert guidance, helping customers make informed purchasing decisions.

Celekt, another rapidly expanding retail chain, has built a strong reputation as a go-to destination for top global and Indian brands. With 117 stores across Andhra Pradesh, Telangana, and Maharashtra, Celekt offers a wide selection of smartphones, smart TVs, laptops, electronics, and accessories, supported by expert service and an efficient distribution network.

By partnering with these two retail giants, Cellecor aims to deepen its market reach in South India, leveraging their strong presence and customer trust. This move is a part of Cellecor’s broader strategy to expand its retail presence across India and ensure its innovative, high-quality products are available through leading offline retail channels.

“This collaboration marks a significant step in our journey to becoming a household name in India. With B New Mobiles and Celekt, we are excited to offer South Indian consumers access to our cutting-edge technology and superior value,” said a Cellecor spokesperson.

The partnership is projected to generate an annual business of Rs. 500 million, further reinforcing Cellecor’s position as a key player in the Indian consumer electronics market.

Jotun Paints, one of the recognized leaders in the paint and coatings industry, has launched a new retail concept aimed at redefining the shopping experience and enhancing customer engagement. This initiative represents a significant step in Jotun’s commitment to innovation, offering a more intuitive, seamless, and premium shopping journey for customers across India.

The new showroom design features a modern and sophisticated aesthetic, carefully crafted to ensure a smooth and engaging retail experience. The thoughtfully designed layout allows customers to navigate effortlessly, explore a diverse range of products, and receive expert guidance from Jotun’s dedicated shop sales specialists.

A key highlight of the new retail format is the Jotun Colour Centre for Interiors (JCCI unit), which presents 128 carefully curated colors and 30 trending shades for 2025. This interactive display also includes sample panels showcasing different finishes, helping customers visualize the final look of their chosen colors and make well-informed decisions.

Ashish Nimbark, Sales Director – Decorative for Jotun India Private Limited shared, “Our redesigned shops with this state-of-the-art concept reflect our unwavering commitment to delivering a seamless and enjoyable experience. The new elements will inspire customers, simplify their decision-making process, and enable them to create beautiful spaces. Jotun’s differentiated approach in India emphasizes exclusive stores that empower customers, helping them confidently make choices. Through a curated selection of premium colors and products, we aim to elevate the retail paint experience by combining aesthetics with durability.”

With a spacious, well-lit layout and enhanced organizational elements, the redesigned retail spaces ensure an elevated and welcoming atmosphere. By focusing on customer convenience, innovation, and expert guidance, Jotun Paints continues to set new standards in the retail experience, making it easier for customers to explore, choose, and create their ideal spaces with confidence.

Myntra’s Home category has emerged as one of its fastest-growing segments, witnessing an impressive 60 percent year-on-year (YoY) increase in demand.

“Last year, we collaborated with Masaba, who became the curator for our selection, themes, and looks for the Home category. Her role as the brand ambassador helped Myntra strengthen the premium positioning of the category with curated collections,” the online fashion retailer stated.

To meet this rising demand, the Bengaluru-based company has expanded its Home storefront, now offering over 5 lakh products across 1,700+ brands—a 70 percent YoY increase in selection.

The Home category has also gained significant traction on M-Now, Myntra’s 30-minute delivery service, ranking among the top three most in-demand categories.

“Myntra’s expertise in fashion has provided a strong foundation for adapting our platform to home decor shopping by focusing on personalization, trend-driven curation, and seamless shopping experiences. While fashion shopping emphasizes individual style and fit, home decor shopping is more about visualizing complete aesthetics and thematic coherence. With the launch of GenAI powered ‘Dream Room Inspiration’ on the Myntra app, customers can seek home decor inspirations from curated themes and explore different products that match each theme,” the company added in the statement.

Enhancing the home shopping experience further, Myntra has launched GenAI-powered ‘Dream Room Inspiration’, a feature designed to help customers explore curated themes and discover products that seamlessly blend with their chosen aesthetic.

Sharon Pais, Chief Business Officer, Myntra said, “Trust built across premium customer cohorts, a huge base of 70 million monthly active users and deep market penetration have encouraged us to bolster our lifestyle positioning, in addition to fashion. Driven by the commitment to solve the evolving needs of our customers, Myntra Home, at 60% YoY, is growing faster than the market. Taking the Home shopping experience a notch higher, the launch of ‘Dream Home Inspiration’ will allow an inspiration-driven shopping journey, focussing on trend-first themes, that help customers visualize how products can come together to create a cohesive look, reflecting their aesthetic sensibilities, similar to that of a fashion shopping experience. With Home becoming an equally integral part of one's lifestyle, we are leveraging our tech prowess to simplify the process from discovery to purchase based on trends and themes while elevating the shopping experience for home products.”

Meanwhile, demand for home, living & decor, kitchen, and appliances continues to grow at an impressive pace, with each category recording approximately 100 percent YoY growth. Products like home decor, quirky paintings, handmade artistry, artificial flowers, and plants are seeing a notable surge in popularity among shoppers.

Slumberzone New Zealand, a well-recognised luxury mattress manufacturer, has announced its foray into India's booming $2.5 billion mattress industry. The company is set to establish its first manufacturing unit in Hyderabad, backed by an initial investment of Rs 100 crore.

This move highlights Slumberzone’s dedication to delivering premium sleep solutions while utilizing India's strong manufacturing ecosystem to cater to both local and global markets.

Founded in 2005 by Ranjay Sikka, Slumberzone is New Zealand’s third-largest player in the mattress and sleep accessories sector, with annual sales surpassing Rs 200 crore. By entering India, the company aims to meet the increasing demand for high-quality, functional sleep products amid modern, fast-paced lifestyles.

The Hyderabad facility is slated to commence operations by March 2026, with a planned production capacity of 1,000 units per day. Additionally, the company intends to generate employment for approximately 200-250 skilled and unskilled workers in the region.

The official announcement took place at a special event in New Delhi, reinforcing New Zealand’s expanding commercial ties with India. This initiative aligns with the Indian government’s "Make in India" campaign, which seeks to position the country as a leading global manufacturing hub.

Christopher Luxon, Prime Minister, New Zealand shared, “It is great to see ambitious New Zealand manufacturing companies, like Slumberzone, choosing India to scale up their operations. ‘Made for India, Made in India’ enhances collaboration, broadens our trade relationship, and contributes to the growth of both our economies.”

 “We are bringing an international product experience to Indian consumers, which will redefine the sleep market in India and create an international presence for the Slumberzone brand,” commented Ranjay Sikka, Founder and Director, Slumberzone India.

The Hyderabad unit will incorporate advanced technology and sustainable practices to manufacture high-quality mattresses, reinforcing Slumberzone’s goal of building a comprehensive sleep ecosystem under its global brand. 

Vidhul Sikka, Chief Business Officer and Director, Slumberzone India said, “With Slumberzone, our aim is to challenge China’s dominance in the mattress industry by offering superior quality products and strengthening India’s position as a global export hub. With a strong focus on technology-driven sleep solutions and sustainability in India, we target $100 million in annual revenue, reinforcing our position as an industry leader worldwide over the next 5 years.” 

Slumberzone aims to become a global leader in sleep solutions, with plans to implement an omnichannel distribution strategy. Over the next three years, the company intends to open 20 retail stores across India while also offering specialized products through its eCommerce platform.

Fast-fashion retailer Forever 21’s U.S. operating company has filed for Chapter 11 bankruptcy for the second time in six years, citing declining mall traffic and increasing competition from online retailers. The company’s financial struggles reflect broader shifts in the retail industry, while its international operations remain unaffected.

As part of the bankruptcy proceedings, Forever 21 announced it will hold liquidation sales at its stores while also exploring a court-supervised sale process for some or all of its assets. The company stated that if a sale is successful, it may reconsider a full shutdown and transition to a going-concern transaction.

Despite the filing, Forever 21 confirmed that its stores and website in the U.S. will continue operating. The brand listed its estimated assets between $100 million and $500 million, while liabilities were reported in the range of $1 billion to $5 billion, according to documents filed with the bankruptcy court in the District of Delaware. The filing also indicated the company has between 10,001 and 25,000 creditors.

Forever 21's financial difficulties highlight the challenges faced by brick-and-mortar retailers in a changing market, where digital platforms continue to reshape consumer shopping habits in India and globally.

LG Electronics India Ltd, the Indian subsidiary of South Korean conglomerate LG, has secured approval from the Securities and Exchange Board of India (Sebi) for its highly anticipated Rs. 15,000 crore initial public offering (IPO), according to sources familiar with the matter.

This development positions LG Electronics India as the second South Korean company to enter the Indian stock market, following Hyundai Motors India Ltd's listing in October last year.

The company had initially filed its draft papers with Sebi in December, proposing to offload over 10.18 crore shares, representing a 15 percent stake, through an offer for sale (OFS) by its parent company. With Sebi’s clearance now in place, LG Electronics India is set to move forward with the public listing.

While the company has not officially disclosed the total issue size, sources indicate the IPO is expected to be valued at Rs. 15,000 crore. Since the offering is entirely an OFS, LG Electronics India will not receive any proceeds from the listing, with all funds going to its South Korean parent entity.

To generate investor interest, LG Electronics commenced roadshows for the IPO last month.

A leading name in consumer electronics and home appliances, LG Electronics India caters to both B2C and B2B markets, offering products such as washing machines, refrigerators, LED TV panels, inverter air conditioners, and microwaves. The company also provides installation, repair, and maintenance services for its products. Its manufacturing facilities are located in Noida, Uttar Pradesh, and Pune, Maharashtra.

Financially, LG Electronics India reported Rs. 64,087.97 crore in revenue from operations for the financial year ending March 31, 2024.

The IPO is being managed by Morgan Stanley India, J.P. Morgan India, Axis Capital, BofA Securities India, and Citigroup Global Markets India, who are acting as the book-running lead managers for the issue.

Reliance Consumer Products (RCPL) has secured the India rights for premium juice brand Sun Crush from Muttiah Muralitharan’s company, Ceylon Beverage International. The company has begun local manufacturing of the brand at competitive prices, entering the retail juice segment in India alongside Dabur’s Real, ITC’s B Natural, Amul Tru, Paperboat, and PepsiCo’s Tropicana.

Reliance is implementing a pricing strategy similar to its approach in soft drinks and energy drinks, offering Sun Crush at Rs 20 for a 200 ml bottle. Industry executives noted that this move is expected to intensify competition in the packaged beverage sector, where brands such as Real and Tropicana already have juice drink variants at similar prices.

Sun Crush marks Reliance’s second juice brand after RasKik. "Apart from Dabur, ITC and Tata Consumer are among the companies that have sounded off trade channels on new variants of packaged juices at aggressive prices, promotions and tweaked margins," said a Delhi-based FMCG distributor.

Reliance entered the juice market two years ago with the acquisition of RasKik from entrepreneur Vikas Chawla, former managing director of Coca-Cola South East Europe. The company also has an existing partnership with Ceylon Beverages for contract packaging of Campa and co-creation of energy drink Spinn India, in addition to distribution rights for energy drinks and juices in India.

According to a report by think tank ICRIER, India’s beverage market is valued at Rs 67,000 crore and is projected to reach Rs 1.47 trillion by 2030. This includes carbonated soft drinks, juices, fruit-based beverages, and bottled water.

Smartwatch and connected lifestyle brand Noise has announced its international expansion, starting with the Gulf Cooperation Council (GCC) region. As part of its growth strategy, the company aims to bring its technology-driven offerings to the global market. With a young and tech-savvy consumer base, the GCC region presents an opportunity for Noise to strengthen its presence in international retail.

The GCC region has one of the world's youngest populations, with over 50 percent under the age of 25. The company highlighted that technology is an integral part of daily life in this market, making it an opportune time to introduce its smart wearables. "Smart wearables are no longer a luxury but a necessity; their role is no longer limited as a fitness tracker but encompasses fitness, health, lifestyle, enabling functionalities which allow users to do more with their wearables, while seamlessly integrating into their lives and enhancing their overall experience," Noise stated.

As part of its expansion, Noise has entered the Middle East market through partnerships with key retail distributors and online marketplaces. The company is working with Lime Concepts to make its products available at Virgin Mega Stores, a well-known lifestyle and electronics retailer in the region.

"This strategic move aligns with the brand's vision of democratising meaningful technology and making India's best-in-class innovation accessible to consumers worldwide," the company said. With this expansion, Noise aims to strengthen its presence in international markets while maintaining its focus on innovation and accessibility.

PepsiCo is expanding its retail footprint in India by strengthening its position in the packaged food segment. The company is focusing on product innovation and premiumisation to sustain its double-digit growth in the country, according to Jagrut Kotecha, CEO of PepsiCo India and South Asia.

With snack consumption in India still lower than in other markets, PepsiCo aims to capitalize on increasing urbanization and rising disposable incomes. Kotecha expects the demand for packaged foods to grow as consumer spending increases. To cater to regional taste preferences, PepsiCo has divided India into nine clusters, ensuring product development aligns with diverse consumer tastes.

"You need to design your portfolio, keeping those consumers of India like multiple Indias. So that's on being consumer-centric and starting to work and drilling down on that. And then understanding what the trends are in terms of taste, profile, health and wellness," Kotecha stated. The company is making significant investments to understand consumer behavior in a market with a diverse food heritage.

PepsiCo currently operates manufacturing plants in Mathura (Uttar Pradesh), Channo (Punjab), Ranjangaon (Pune), and Sankrail (West Bengal), with another plant set to open in Assam this year. Additionally, it is planning two more greenfield plants, including one in South India to meet growing demand.

The company’s food segment accounts for nearly 80 percent of its revenue, with brands like Lays, Kurkure, Doritos, and Quaker driving growth. While the oatmeal segment faces competition from domestic brands like Marico, PepsiCo remains a leader in the base oatmeal category. "Health and wellness is a good trend to grow. We have been growing on Quaker double-digits. On our base oatmeal, we still lead the category. Saffola leads the category more on the flavored variety," Kotecha said.

PepsiCo continues to customize products based on regional preferences. "The masala profile which we have on Lays in Northern India is slightly different from the Western India, which is slightly on the sweeter side. And when you go to the southern part of India, it's very spicy," Kotecha explained. Even the cooking oil used in Kurkure varies by region, with a mustard-based profile in the East and sesame oil in the South.

The company is also focusing on local sourcing, working with 27,000 potato farmers in India and procuring over 400,000 tons of chip-grade potatoes from states like Punjab, Gujarat, West Bengal, and Madhya Pradesh, with Assam now being added. PepsiCo’s agro R&D facility in Punjab plays a key role in potato breeding.

With these initiatives, PepsiCo aims to strengthen its position in India's retail market by aligning its products with local preferences while expanding its manufacturing and sourcing capabilities.

Rupa and Co is strengthening its retail presence in India by aligning with Gen Z preferences through trend-focused collections, sustainability initiatives, and digital engagement strategies. The company is integrating vibrant colors, unique prints, and modern styles into its offerings while ensuring affordability without compromising on sustainability.

To appeal to environmentally conscious consumers, Rupa and Co emphasizes eco-friendly products. The company is also leveraging technology, utilizing digital platforms and social media collaborations to engage with younger audiences effectively.

Recent product introductions designed for Gen Z include:

• Colors by Rupa – A collection featuring vibrant colors and contemporary prints.
• Bumchums Collection – Focused on comfort and modern style.
• Macroworld Collections – Emphasizing aesthetics and versatility.
• Softline – Combining comfort with stylish appeal.
• Femmora – Offering fashion-forward, budget-friendly options.

The company is also expanding its brand visibility through ambassador partnerships, targeting different audience segments to enhance customer engagement. Rupa and Co continues to rely on physical retail while growing its online presence. The company operates 29 Exclusive Brand Outlets (EBOs) across India, along with shop-in-shop formats and supermarket partnerships. Its distribution network spans the country, with a focus on strengthening omnichannel engagement through e-marketplaces, quick commerce platforms, and direct-to-consumer channels.

To enhance its omnichannel strategy, Rupa and Co is implementing:

• Integrated Systems – Synchronizing inventory and sales data between online and offline channels.
• Unified Customer Experience – Maintaining consistent branding and service across platforms.
• Click-and-Collect – Allowing online purchases with in-store pickup options.
• Cross-Promotion – Driving traffic between online and offline stores through promotional strategies.

The company remains confident that these initiatives align with evolving consumer preferences, particularly among Gen Z and millennials, and aims to expand its market share by strengthening both digital and physical retail operations in India.

NONSTOP, a multi-brand mobility and rehabilitation store chain, has expanded its retail footprint in India with the launch of its second store in Coimbatore. This follows the success of its flagship store in Mumbai and marks another step toward improving access to assistive technology for senior citizens, individuals with disabilities, and those requiring rehabilitation support.

The store’s inauguration was attended by Dr. Uma Maheswari Yuvaraja, Joint Managing Director of Ananya’s Nana Nani Homes, and Dr. Tamilarasu from PSG Hospitals’ Cardiology Department. Their discussions highlighted the importance of mobility solutions in enhancing independence and quality of life.

Iftekhar Ahmed, CEO of NONSTOP said, “Our vision is to build a future where mobility challenges no longer define limitations. NONSTOP is not just a store; it’s a movement towards empowering individuals with the best global brands and cutting-edge mobility solutions. With this expansion, we are one step closer to creating a nationwide network of accessibility-focused stores.”

The Coimbatore store offers a range of mobility and rehabilitation products, including wheelchairs, walking aids, electric mobility devices, orthopedic support systems, and post-surgical rehabilitation tools. Visitors at the launch event had the opportunity to interact with medical professionals and explore the curated selection of assistive solutions.

With expansion plans underway, NONSTOP aims to strengthen its retail presence across India, ensuring wider accessibility to mobility and rehabilitation products for individuals seeking greater independence.

The Appliances business of Godrej and Boyce, part of the Godrej Enterprises Group, has expanded its research capabilities with the launch of its Food and Microbiology Lab. This initiative reinforces the company’s focus on retail and consumer-driven innovation in India, enabling a scientific approach to food behavior, preservation techniques, and hygiene to improve appliance design for Indian households.

The lab is equipped to analyze multiple scientific parameters, including pH levels, ripening stages, humidity control, and microbial activity, alongside consumer-focused factors like taste, texture, and appearance. Managed by a team of food scientists and microbiologists, with oversight from the Head of Innovation for the Appliances Business, the facility is dedicated to developing solutions aligned with evolving dietary and health preferences.

The lab currently supports product categories such as refrigerators and microwave ovens, with plans to expand into microbiology-based research for air-conditioning, refrigeration, and cleaning appliances like washing machines.

Kamal Nandi, Business Head and Executive Vice President at Appliances Business, Godrej Enterprises Group said, “Our new Food and Microbiology Lab is a testament to our consumer-centric approach, driving innovations that solve real problems and unlock value for consumers. By prioritizing tangible benefits like food preservation, indoor air quality, and more, we design appliances that thoughtfully make a difference in our consumers’ daily lives.”

Burzin Wadia, Head of Research and Development at Appliances Business, Godrej Enterprises Group added, “We launched our Food and Microbiology Lab to analyze how food, air, and fabric interact with our appliances. From monitoring food freshness parameters to air and cloth quality, this facility will allow us to engineer appliances that deliver tangible benefits to our consumers. Our focus remains on creating solutions that seamlessly integrate into our consumers’ lives.”

Located within Godrej’s R&D center in Pirangut, Pune, the Food and Microbiology Lab is part of a Rs 100 crore facility that includes NABL-accredited in-house labs and advanced infrastructure. This setup enhances the company’s ability to accelerate product development and introduce innovative appliances tailored to consumer needs in India.

Swiggy Instamart, India’s quick commerce platform, has collaborated with Apparel Group to introduce global footwear brand Crocs for instant delivery. This marks the first time Crocs shoes will be available on a quick commerce platform in India, offering consumers in Mumbai, Bangalore, Delhi, and Gurgaon the option to receive their preferred styles, such as the Classic Clog and Classic Sandal, within 10 minutes.

Amitesh Jha, CEO of Swiggy Instamart said, “At Swiggy Instamart, we’re constantly seeking new ways to bring customers the products they love, faster than ever, across all categories. We’re excited to introduce a globally recognized brand like Crocs to quick commerce, further strengthening Swiggy Instamart’s focus on fashion and lifestyle offerings. With Holi and the summer break just around the corner, it’s the perfect time to provide customers with a seamless shopping experience for all their footwear needs.”

Adrian Holloway, Senior Vice President and General Manager, ROW, at Crocs added, “At Crocs, we are always exploring innovative ways to engage with our consumers and enhance accessibility to our iconic footwear. We’re thrilled that through Apparel Group’s partnership with Swiggy Instamart, shoppers in Mumbai, Bangalore, Delhi, and Gurgaon will be able to get Crocs’ most popular and iconic silhouettes like the Classic Clog and Classic Sandal within minutes.”

Abhishek Bajpai, CEO, Apparel Group India noted, "We are excited to partner with Swiggy Instamart to offer quick delivery to our customers, marking our brand’s first-ever foray into quick commerce. With the quick commerce industry booming in India, we are confident that this partnership will enable us to serve our customers faster and more efficiently.”

Starting March 2025, select Crocs shoes will be available for immediate delivery across Mumbai, Bangalore, Delhi, and Gurgaon, with plans to expand availability in the coming weeks. Swiggy Instamart continues to strengthen its presence in lifestyle and fashion retail, adapting to evolving consumer preferences in the quick commerce space.

KOMOS, a high-end tequila brand, has entered the Gurgaon market as part of its expansion strategy in India’s retail and hospitality sectors. The brand, recognized for blending Mexican tequila-making traditions with European winemaking techniques, aims to cater to the city’s growing demand for premium spirits. Following its success in Delhi and Goa, KOMOS plans to further extend its presence across India.

KOMOS offers four expressions—Añejo Cristalino, Reposado Rosa, Añejo Reserva, and Extra Añejo—each aged in French oak barrels and bottled in handcrafted ceramic decanters. KOMOS Extra Añejo holds the distinction of being the only tequila to receive a perfect 100-point score from The Tasting Panel Magazine.

The Gurgaon launch event took place at Lair, bringing together key figures from the city’s hospitality and retail industry. Guests experienced an exclusive tasting session featuring KOMOS Reposado Rosa, Añejo Cristalino, and Añejo Reserva.

Prasan Chawla, Founder of Chason Beverages said, “Bringing KOMOS to India has been an incredible journey. We wanted to introduce a tequila that truly embodies sophistication and luxury, and the response so far has been outstanding. With Gurgaon being a hub for fine spirits and discerning consumers, we are confident that KOMOS will establish itself as a benchmark for ultra-premium tequila in the Indian market.”

Ankur Chawla, Brand Manager of KOMOS added, “As India’s appetite for premium spirits continues to rise, we are thrilled to bring KOMOS to Gurgaon, a city that appreciates the art of fine drinking. With our success in Delhi and Goa, expanding to Gurgaon was a natural step. This is just the beginning of our journey to make KOMOS the most sought-after luxury tequila across India.”

Gurmeet from GD Alcobev, KOMOS’s distribution partner asserted, “We are extremely excited to partner with KOMOS. It is truly a one-of-a-kind tequila that represents luxury and craftsmanship like no other. The response in Delhi and Goa has been phenomenal, and we look forward to an even greater reception in Gurgaon.”

KOMOS aims to strengthen its position in India’s retail and hospitality market through curated experiences and private tasting events, catering to the country’s growing segment of premium spirit consumers.

Crossword Bookstores, one of India's largest bookstore chains, is expanding its presence across key cities, reinforcing its role in the country's retail and literary landscape. With 120 stores across 40 cities, the company has reported a revenue of Rs 275 crore, reflecting significant growth over the past year. As part of its expansion strategy, Crossword aims to reach Rs 400 crore in revenue in the next financial year, driven by a projected growth rate of over 30 percent. The company plans to expand its presence in both metropolitan and Tier II cities.

By the end of 2025, Crossword expects to increase its store count to over 150. Recent store openings in Jamshedpur mark the beginning of this expansion, with upcoming locations planned in Delhi, Chennai, Siliguri, and Hyderabad. The response from Tier II and Tier III cities has been strong, highlighting continued demand for physical bookstores in India.

Over the years, Crossword has hosted several well-known authors, including Yuval Noah Harari, Ruskin Bond, David Walliams, Amish Tripathi, Twinkle Khanna, Sudha Murty, Devdutt Pattanaik, and Durjoy Datta. The company has also revived the Crossword Book Awards, reaffirming its commitment to literature and storytelling.

"Crossword is steadily expanding across India, with a strong emphasis on strategic growth, innovation, and creating community-driven experiences that place books at the heart of India’s cultural fabric. Our vision is to open 300 stores over the next five years, making Crossword an accessible destination for everyone, anywhere in the country," said Aakash Gupta, CEO, Crossword Bookstores.

As Crossword strengthens its presence in India's retail sector, the company is also exploring opportunities beyond national borders. With a long-standing legacy and a focus on expansion, the bookstore chain is set to reach a wider audience while maintaining its role in the country’s reading culture.

DRRK Foods is set to conclude the fiscal year with 25 percent growth, surpassing the industry average CAGR of 15 percent. The company’s expansion and diversification strategies have strengthened its position in India's retail sector and international markets. With exports accounting for 80 percent of its business, DRRK Foods has expanded its global footprint to over 59 countries, including Europe, America, Africa, and Canada.

To support its growth, DRRK Foods has expanded its export team and is finalizing distributor agreements across multiple regions. Additionally, the company has invested Rs 20 crore in a new facility near Mundra Port to enhance production capacity and improve logistics efficiency.

“As we are on the verge of ending this milestone year, our strategic expansions, both globally and domestically, are ensuring sustained growth while enhancing brand presence. On the domestic front, we have made remarkable strides in both bulk and consumer pack segments, expanding into key states like Uttar Pradesh and Maharashtra while strengthening our distribution network. Our products are now available across leading quick commerce platforms, including Big Basket, Swiggy, Blinkit, and Zepto, with a full-scale launch on Amazon expected soon,” said Vikram Marwaha, Joint Managing Director, DRRK Foods.

The company’s revenue has grown from Rs 521.16 crore in 2020 to Rs 858.33 crore in 2023, reflecting its focus on operational efficiency and market expansion. With ongoing investments and strategic initiatives, DRRK Foods continues to strengthen its presence in India’s retail industry while expanding its global reach.

Wow! Momo, a leading quick-service restaurant (QSR) brand in India, has expanded its retail presence by entering the fast-moving consumer goods (FMCG) segment with Wow! Noodles. This new range of cup noodles features a mix of Indian and Asian flavors, catering to the growing demand for convenient meal options.

The product lineup includes flavors such as Thukpa, Khao Suey, Manchurian, Korean, and Chinese Bhel, designed to offer an instant restaurant-style experience in five minutes. Wow! Noodles is now available across various retail channels, including quick commerce platforms like Instamart, Zepto, Blinkit, BigBasket, Flipkart Minutes, and D Mart Ready. It is also present in modern trade stores such as Reliance, More Retail, Spencer’s, Spar, and Ratnadeep. Additionally, the brand has expanded its reach to over 10,000 general trade stores in more than 200 towns and cities.

The brand has also introduced Wow! Noodles in the inflight menus of Akasa Air, Air India Express, and SpiceJet. The product has received a positive response from travelers, further expanding its consumer base. To strengthen engagement, Wow! Noodles has focused on in-store activations, product sampling, and strategic placements in modern trade outlets. 

Sagar Daryani, Group CEO and Founder, Wow! Momo said, “At Wow! Momo Foods, innovation is in our DNA. With Wow! Noodles, we are disrupting the cup noodles category by bringing the perfect blend of desi and Asian flavors in a format that is both convenient and exciting. As we continue to expand our FMCG footprint, this launch marks a significant step towards making Wow! Momo a household name beyond QSR.”

Mithun Appaiah, CEO, Wow! FMCG added, “We are leveraging the strong brand equity of Wow! Momo to make Wow! Noodles a household favourite. With our focus on product innovation and strategic channel expansion, we are confident about an exciting year ahead—bringing new flavors, scaling our distribution reach, and disrupting the FMCG space.”

Wow! FMCG, launched about 24 months ago with packaged momos, has expanded to 16 SKUs in the momo category and now offers nine SKUs of cup noodles. The division has grown rapidly, reaching over 200 towns and cities with a presence in more than 10,000 stores. Wow! FMCG has achieved an annual recurring revenue (ARR) of Rs 60 crore within a short period. Recently, the brand expanded internationally by launching its product range in the Middle East in partnership with Lulu Group.

Marks and Spencer (M&S) India has expanded its retail presence with a new store in Faridabad, strengthening its footprint in the Indian market. The store opening marks the close of FY 2024-25 for the British retailer. According to a social media update, the store saw strong customer turnout on its opening day.

“Thrilled to end FY 24-25 on a high note! Our new store in Faridabad was flooded with customers eager to experience what we have to offer. All our efforts in communicating the store launch led to this moment of truth—seeing a sea of customers waiting outside, ready to step in as soon as we opened,” said Shikhar Srivastava, Brand Manager at M&S India, in a LinkedIn post.

M&S entered the Indian market in 2001 and later formed a joint venture with Reliance Retail in 2008 under Marks and Spencer Reliance India Private Limited.

With the latest store opening, M&S now operates more than 107 stores across 33 cities in India, as per the company’s official website. According to its LinkedIn page, the retailer has over 1,900 employees supporting its online and offline operations.

Headquartered in Paddington, London, M&S was established in 1884 by Michael Marks and Thomas Spencer in Leeds. As of 2023, the company operates more than 1,064 stores in the UK and over 452 stores globally, according to Statista. Across its worldwide operations, M&S employs over 66,000 people, with a majority being women.

Haier Appliances India is setting ambitious targets to achieve USD 2 billion in sales within the next three to four years, driven by strong double-digit growth. This growth will be fueled by product category expansion and increased market penetration.

To support this expansion, the home appliances manufacturer has allocated over Rs. 1,000 crore between 2024 and 2028 for setting up new air-conditioner production and injection molding units. This investment follows the Rs. 2,400 crore already infused into its Pune and Greater Noida plants.

With the establishment of the new plant, Haier India’s production capacity will rise from 1.5 million units to 4 million units annually, significantly enhancing domestic value addition.

“Currently we have a capacity of 1.5 million. However, the way the AC market is growing here, by 2027 we will have a shortage in capacity. … The new plant will be 2.5 million units,” stated NS Satish, President, Haier Appliances India. 

The company is also considering setting up a manufacturing facility in South India, with investment details to be announced soon. While specifics were not disclosed, Satish indicated that the investment would be comparable in scale and capacity to the Noida Industrial Park facility.

In 2024, Haier reported a 36 percent increase in revenue, reaching approximately Rs. 8,900 crore and surpassing the USD 1 billion sales milestone. For the current year, the company anticipates revenue exceeding Rs. 11,500 crore.

“And subsequent to that, every year, we are looking around Rs 2,000 to 2,500 crore plus. So we have big plans. And we see a big opportunity in India. When you see the economy GDP, which is doing very well, next is the penetration of the product, which is very low when we compare it to our global counterparts,” Satish further added.

When asked about the timeline for achieving USD 2 billion in sales, Satish responded, “In the next three to four years, definitely. We are already a USD 1 billion company. I think in the next three to four years, we will definitely surpass USD 2 billion.”

Haier sees significant potential in product categories such as air-conditioners, refrigerators, washing machines, TV panels, and commercial freezers, given the lower market penetration in India compared to other nations. India is currently the fourth-largest market for the China-based Haier Group Corporation. However, Satish envisions India securing a place among Haier’s top three markets globally within the next four to five years, contributing USD 2 billion in revenue. At present, China, North America, and a combined Russia-Europe market lead Haier Group’s global sales.

“India has two sides of the story. One is looking for more and more premium products, and the ones who are looking for a value for money product. That’s where we manufacture even a single-door refrigerator. And also, recently, we have introduced the four-door, the most premium refrigerators in India, even the air conditioner. So we see opportunity on both sides, in the entry as well as in the premium segment also,” explained Satish.

Despite this balanced approach, Haier’s primary growth in the past year has been driven by the premium category. Various affordability-enhancing schemes, such as easy EMI options, have contributed to this trend.

When asked if Haier plans to introduce its global brands in India’s growing premium market, Satish clarified, “We still have a huge scope for developing Haier products at this point. We will continue to invest in building the Haier brand and expanding our product portfolio. At this point, we have not thought about bringing in any global brands.”

Haier Group’s portfolio includes well-known brands such as Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, AQUA, and Candy.

Swiss premium coffee brand Nespresso has made its official entry into the Indian retail market with the launch of its first boutique at Nexus Select Citywalk in Saket, Delhi. This expansion marks a significant step in the brand’s strategy to tap into India’s growing premium coffee market, with further retail growth planned in the coming years, as shared in a social media announcement.

“Nespresso expands into India with Delhi flagship. Swiss coffee specialist targets growing premium market with first Indian boutique at Nexus Select Citywalk at Saket. A Vision, a Journey and a Partnership. Thankful to get this opportunity to work on India’s first Nespresso Boutique, I remember seeing the boutique on George Street, Sydney over a decade back and making a wish to bring and work on this brand for their India Entry and here we are,” said Sakshi Goel, Associate Executive Director, CBRE.

Nespresso has been sourcing high-quality green coffee from India since 2011, incorporating Indian coffee into nearly one in five of its global blends. The brand works directly with approximately 2,000 coffee farmers in Karnataka, ensuring that premium-quality beans are used in its signature capsules.

Currently, Nespresso imports its coffee capsules from Switzerland, with a pack of 10 capsules priced at Rs. 950 and a pack of 50 available for Rs. 4,750. The company is also closely assessing tariffs and pricing strategies, particularly in light of the recently signed free trade agreement between India and the European Free Trade Association (EFTA), of which Switzerland is a member.

With India's coffee culture evolving rapidly and premium coffee gaining popularity, Nespresso’s retail entry comes at a strategic time, appealing to an audience that seeks high-quality, barista-style coffee at home. The company’s expansion into India reflects its long-term vision to cater to a growing base of coffee aficionados, further strengthening its presence in the global market.

PepsiCo has set an ambitious target to double its revenue in India within the next five years, identifying the country as a crucial growth market. The company is making significant investments to expand its capacity and strengthen its presence in India, according to Jagrut Kotecha, CEO of PepsiCo India & South Asia.

India plays a key role in PepsiCo’s global revenue strategy, ranking among the company’s top three markets for food, snacks, and beverages. PepsiCo has already established greenfield plants in Uttar Pradesh and Assam to keep up with growing demand. The company plans to continue investing heavily and is set to open two more facilities, including one in southern India.

“We believe India will be the engine of growth for PepsiCo to drive the top line. Yes, it’s not as big as North America because it is a lot more evolved category. Our per capita consumption in India is still very low, not only for us on beverage and food, but we would expect one of PepsiCo’s fastest growing economies to do that,” stated Kotecha, CEO, PepsiCo India.

The company considers India to be one of its 13 to 15 key anchor markets for global expansion, citing the country’s economic stability and growth potential. Kotecha emphasized that PepsiCo aligns with India’s vision for economic development by 2030, describing it as one of the most stable economies with strong growth fundamentals. 

“It’s one of the most stable economies, growth engine, etc, and hence, PepsiCo also has been in this country for almost 30 years, good, strong, fundamentals. So, we need to double that, dial that up and start investing. We have been investing, but continue to aggressively invest to ensure that we also take that opportunity,” added Kotecha.

PepsiCo recently reported robust double-digit organic revenue growth in India, with increased market share in both the savory snacks and beverage segments. While Kotecha did not disclose a specific timeline for achieving the USD 2 billion revenue milestone, he reiterated the company’s aspiration to reach that figure.

In 2023, PepsiCo reported revenue of approximately Rs 5,950 crore for a nine-month period due to a financial year transition. When extrapolated to a full year, the revenue would be around Rs 8,200 crore. Its bottling partner, Varun Beverages, which accounts for 90 percent of PepsiCo India’s beverage sales volume, reported standalone revenue of Rs 12,778.96 crore in 2023.

Over the past three years, PepsiCo has invested close to Rs 3,500-4,000 crore in India, reinforcing its long-term commitment to the market. Its bottling partner, Varun Beverages Ltd (VBL), has also been making significant investments, operating 41 plants and expanding capacity by 25 percent this year.

Regarding market competition, Kotecha welcomed the entry of new players like Reliance’s Campa Cola, which has disrupted the market with aggressive pricing and distributor margins.

In 2023, approximately 80 percent of PepsiCo India’s revenue came from its food division, with the remaining 20 percent from beverages. The Indian beverage market, valued at around USD 12 billion, is currently growing at a compound annual growth rate (CAGR) of 10-11 percent.

With strong financial growth, ongoing market expansion, and continued investments, PepsiCo remains dedicated to strengthening its position in India and capitalizing on the country’s economic potential.

Davaindia, one of India’s leading generic medicine retail chains, has unveiled its strategic plans to widen its reach across Kerala, ensuring healthcare remains both accessible and affordable. The company currently operates over 50 stores in major metropolitan cities such as Cochin, Trivandrum, and Thrissur. With a strong commitment to serving both urban centers and underserved rural areas, Davaindia is poised for significant expansion.

Driven by its mission to provide high-quality generic medicines at a fraction of the cost of branded alternatives, Davaindia aims to reduce financial burdens on families while making healthcare a fundamental right for all.

“Our journey in Kerala has been inspiring, and the overwhelming trust placed in us by our customers motivates us to reach every corner of the state. Our vision is to build a healthier Kerala by making safe, effective, and affordable medicines accessible to all, while fostering greater awareness about the benefits of generic medicines,” shared Sujit Paul, Group CEO of Zota Healthcare.

To further its impact, Davaindia is integrating local healthcare providers, community health centers, and educational institutions into its initiatives. The company aims to expand its presence in Tier II cities and rural areas while spearheading awareness campaigns on preventive healthcare, the advantages of generic medicines, and responsible self-consumption practices.

Davaindia’s expansion efforts are not just about increasing the number of retail outlets but also about reinforcing the importance of affordable healthcare at a grassroots level. By working closely with healthcare professionals and leveraging digital tools, the company aims to reach a wider audience and create a lasting impact on the healthcare landscape in Kerala.

A part of the Zota Healthcare Group, Davaindia stands as one of India’s largest and most trusted generic medicine retail chain, serving millions with high-quality and affordable healthcare solutions. The brand remains dedicated to customer health, education, and sustainable development, reinforcing its role as a pioneer in the healthcare sector.

Mondelez India, through its decade-long CSR initiative Shubh Aarambh, has significantly enhanced primary healthcare services by supporting 200 Health & Wellness Centres (HWCs) across Solan (Himachal Pradesh), Bhind (Madhya Pradesh), Tirupati (Andhra Pradesh), and Pune (Maharashtra). Aligning with the Government of India’s Ayushman Arogya Mandir (AAM) initiative, Mondelez India has presented a landmark impact report to government authorities, highlighting the program’s success in strengthening healthcare accessibility and quality at the grassroots level.

The initiative has led to a 58 percent increase in patient footfall across the supported HWCs. It has also played a crucial role in identifying 11,618 high-risk pregnancies, ensuring they receive specialized medical attention, while over 7,800 children under the age of five have been referred for advanced treatment. In addition, 160 Jan Arogya Samitis have been equipped with the necessary tools to enhance community-driven healthcare monitoring, fostering greater participation in healthcare management at the local level.

As part of its commitment to strengthening healthcare services, the initiative has ensured that 96 percent of Sub-Health Centres (SHCs) provide antenatal care, while 84 percent of HWCs now offer postnatal care. Routine immunization services are now available at 97 percent of the centres, and 87 percent cater to adolescent health needs, further expanding access to essential medical care. The program has also contributed to a 12 percent increase in pregnancy registrations, reflecting its growing impact on maternal health. 

Ophira Bhatia, VP, CGA Lead (India & AMEA), Mondelez India said, “For over a decade, we have been focused on strengthening communities and improving livelihoods. As part of this commitment, we identified healthcare as a key area - ensuring quality medical services. We worked closely with local health authorities to improve accessibility, affordability, and service quality at the grassroots level by strengthening the government-led Health & Wellness Centre (HWCs) ecosystem. We have been able to cover over 800 villages effectively. The insights from this initiative will serve as a model for expanding primary healthcare services nationwide and highlighting the importance of preventive and community-led healthcare solutions.”

Over 800 healthcare workers have been trained to incorporate gender-sensitive and socially inclusive approaches into healthcare services. The initiative has also introduced Iron Sucrose Intravenous administration for anemia management, targeted interventions for high-risk pregnancies, and customized health communication materials to improve healthcare awareness and education in rural communities.

Libas, one of India’s leading fashion brands, is revolutionizing convenience in ethnic fashion by launching on Myntra’s M-Now, a rapid delivery service that enables customers to receive their orders in just 30 minutes. This initiative marks a significant step in Libas’ commitment to offering a seamless shopping experience, catering to the evolving needs of modern consumers.

As part of the initial rollout, 150 specially curated styles of Libas’ best-selling kurta sets are now available through Myntra M-Now, ensuring fashion enthusiasts can shop for elegant Indian wear on demand. The launch begins in Bengaluru, one of India’s fastest-growing fashion hubs, providing instant access to stylish and versatile ethnic outfits without long delivery wait times.

Sidhant Keshwani, Founder & CEO, Libas shared, “Libas has shared a strong and enduring partnership with Myntra for over a decade, growing together as a leading force in the ethnic wear segment. Expanding this association through Myntra’s M-Now reflects our commitment to evolving with consumer needs and enhancing accessibility. At Libas, innovation drives our approach, and this collaboration marks a significant step in redefining how customers experience fashion—seamless, and effortlessly integrated into their lifestyles. Strengthening our relationship with Myntra, this initiative reinforces our shared vision of delivering unparalleled convenience without compromising on style and quality.”

Sharon Pais, Chief Business Officer, Myntra said, “At Myntra, we are constantly innovating to redefine the fashion shopping experience by merging convenience, speed, and style. With Libas now being available on M-Now, we are further empowering our customers to access Indian wear starting 30 minutes. This renewed association reflects our shared vision with Libas to deliver an unparalleled experience to millions of customers, enabling them to eliminate trade-offs between fashion and speed.”

This collaboration is part of Libas’ broader strategy to enhance its omnichannel presence and adapt to evolving consumer shopping habits. By integrating faster delivery options through key retail partners, the brand is focused on delivering a more efficient and enjoyable shopping experience while solidifying its leadership in India’s fashion industry.

Myntra’s M-Now, a first-of-its-kind expedited delivery service, is currently operational in Bengaluru and offers a wide range of fashion, beauty, accessories, and home products from premium and luxury brands. The platform aims to bridge the gap between online shopping and instant fashion gratification, with plans to expand its product range to over one lakh styles in the near future.

Locks and Architectural Solutions, a business unit of the Godrej Enterprises Group, continues to solidify its reputation as one of India’s most trusted and preferred locks brands, driven by cutting-edge innovation and an expanding digital product portfolio.

With evolving safety requirements, digital locks have emerged as a key growth driver, now accounting for 10 percent of the company’s business. This segment has witnessed an impressive 45 percent year-on-year growth, fueled by increasing adoption among younger consumers who seek smart, connected, and design-led safety solutions. Additionally, the company’s e-commerce sales have doubled, underscoring its expanding presence in online and quick commerce channels.

"Today’s consumers prioritize accessibility and convenience, making e-commerce and quick commerce integral to our growth strategy. Our e-commerce business has doubled year-on-year, highlighting the demand for seamless and innovative security solutions. "To meet evolving consumer needs, we are expanding our portfolio, strengthening key touchpoints, and driving greater awareness around smart safety solutions,” shared Shyam Motwani, Business Head, Locks & Architectural Solutions, Godrej Enterprises Group.

The announcement comes alongside the much-anticipated fourth edition of the Godrej Value Co-Creators Club (GVCC) Awards, also known as The GeeVees. This prestigious platform has witnessed remarkable growth, attracting over 2,100 architects and receiving 4,000+ submissions. The 2025 GeeVees Awards, celebrating excellence in design, innovation, and sustainability, already took place in Goa on March 8, 2025, featuring an exclusive roundtable discussion with industry leaders.

Looking ahead, Godrej Enterprises Group is targeting Rs. 2,500 crore in revenue by 2028, driven by sustained investments in R&D, innovation, and advanced manufacturing. The company remains deeply committed to the Make in India initiative, leveraging favorable government policies, including the introduction of BIS standards in locks, to further reinforce its leadership in the home safety segment.

Pantaloons, one of the leading fashion retailers under Aditya Birla Fashion and Retail Ltd., has launched its newly transformed store at Vasundhara Mall, Patna. Spanning 27,000 sq. ft., the upgraded store boasts a contemporary layout, curated aisles, striking displays, and a refreshed design, offering an elevated shopping experience to fashion enthusiasts.

This transformation marks the first Pantaloons store in Patna to undergo such a revamp as part of the brand’s nationwide initiative to modernize select outlets. The redesigned space allows shoppers to explore the latest fashion trends effortlessly, with an extensive range of accessories, cosmetics, and fragrances, making it a one-stop destination for all styling needs.

Sangeeta Tanwani, Chief Executive Officer, Pantaloons and Style Up said, “We are excited to introduce an enhanced shopping experience for our customers in Patna. This grand re-opening reflects our commitment to delivering elevated and stylish fashion to our consumers that is inspiring and engaging. Our vision for Pantaloons is to be a styling destination for the city's fashion-forward audience.”

To generate buzz ahead of the launch, Pantaloons conducted an engaging citywide teaser campaign, featuring mannequin installations at key locations across Patna. This innovative initiative piqued curiosity among locals and heightened anticipation for the store’s grand reopening.

With over 27 years of experience in the fashion industry, Pantaloons continues to redefine retail experiences by seamlessly blending style and convenience.

The revamped Pantaloons store at Vasundhara Mall is now open, just in time for Holi celebrations, inviting shoppers to explore the latest fashion trends and enjoy an upgraded shopping experience.

Pantaloons, a part of Aditya Birla Fashion and Retail Ltd., is a dynamic and youthful fashion destination with 417 stores across 195+ cities and towns. Embracing fashion as a form of self-expression, Pantaloons offers a diverse range of styles catering to various occasions and preferences. Designed for the modern, confident, and expressive millennial, the brand delivers an engaging shopping experience both in-store and online. With a vibrant and playful approach to fashion, Pantaloons aims to inspire customers to embrace their personal style and look their fashionable best.

Omaxe Group has unveiled New Singapore, an expansive new phase at World Street by Omaxe in Faridabad. Developed by M/s Omaxe World Street Pvt. Ltd., a wholly owned subsidiary of Omaxe Ltd., this Rs. 600 crore project is set to revolutionize urban retail, hospitality, and entertainment, offering a high-street experience on a global scale.

Since its launch in 2010, World Street by Omaxe has grown into North India’s largest mixed-use development, covering 120 acres. Currently, 27 acres are operational, featuring 250+ leading brands and drawing a daily footfall of 15,000-20,000 visitors, which exceeds 1 lakh during festive periods.

New Singapore, a RERA-registered commercial colony, spans 11.59 acres and introduces 1.5 million sq. ft. of premium retail space. Designed with a contemporary urban aesthetic inspired by Singapore, it features expansive plazas, landscaped pathways, green spaces, and thoughtfully designed public areas to create an engaging shopping and lifestyle experience. To ensure seamless access, the development also includes a 1,000+ car parking facility for visitors.

An exciting addition to New Singapore is Clarkee, a 1.9125-acre nightlife district and a RERA-registered commercial colony. Designed as Faridabad’s premier nightlife hotspot, Clarkee will host 15+ nightclubs, bars, and restaurants, bringing a vibrant and dynamic social scene to the city. This nightlife hub is expected to turn New Singapore into a 24/7 entertainment and lifestyle destination.

Mohit Goel, Managing Director, Omaxe Group shared, “The New Singapore at World Street by Omaxe is a milestone in Faridabad’s commercial evolution. This expansion will bring a world-class retail and lifestyle experience that rivals top international destinations. Faridabad’s growing demand for premium commercial spaces makes this the perfect time to introduce a project of this scale and vision.”

With the launch of New Singapore, World Street by Omaxe continues to raise the bar in urban development, strengthening its reputation as North India’s most iconic shopping and entertainment hub. This new phase presents an unparalleled investment and lifestyle opportunity, shaping the future of Faridabad’s commercial landscape.

Parnika India, one of the leading names in the manufacturing and global export of exquisite women’s ethnic wear, has announced its expansion into the southern and eastern regions of India. Strengthening its presence beyond Maharashtra and Gujarat, the company is setting ambitious growth targets, aiming to achieve a revenue of Rs. 160 Crore by the end of FY 25-26.

Founded in 1984 in Surat, Parnika India was established with a deep-rooted passion for preserving and promoting India’s rich textile heritage. With a vision to create a seamless channel from manufacturing to retail, the company ensures quality and innovation at every stage, delivering premium ethnic wear to a growing market.

Currently operating on a B2B model, Parnika India is not only broadening its geographical reach but also enhancing its production capacity, which stands at over 5 lakh pieces per month. Committed to social initiatives, the company actively supports women’s empowerment by providing employment and entrepreneurial opportunities. As part of its long-term vision, Parnika India is working towards achieving a workforce comprising at least 50 percent female employees.

"Parnika India is expanding its network and production capacity. We are extending our operations to the eastern and southern parts of India and adding new product lines, including uniforms and men’s wear, alongside our women's ethnic wear. We are committed to maintaining high-quality standards and are strengthening our leadership team to support our aggressive growth plans," said Vishal Pacheriwal, Managing Director, Parnika India.

To facilitate its expansion, Parnika India has invested in a robust logistics and supply chain management system. Partnering with reliable logistics providers and leveraging advanced inventory and distribution technologies, the company ensures smooth operations across multiple locations. This strategic approach enables efficient order management, warehousing, and timely delivery, reinforcing its strong domestic and international presence.

Parnika India has consistently achieved an annual growth rate of 15-20 percent, driven by increasing demand for its high-quality fabrics and collections. The company remains dedicated to revolutionizing the textile shopping experience for the middle class by making fashion both affordable and enjoyable. Additionally, its commitment to women’s empowerment remains steadfast, with over 2,000 female resellers already benefiting from its initiatives. Looking ahead, Parnika India aims to expand this network to 10,000 women entrepreneurs, further solidifying its role as a catalyst for economic and social change in the textile industry.

Retail and jewellery company Augmont has entered the lab-grown diamond (LGD) market in India with the launch of Akoirah. Leveraging its established presence in the gold industry, the company aims to address the growing demand for ethical and sustainable diamonds.

Lab-grown diamonds are gaining traction as an alternative to mined diamonds, with the global market projected to reach $1.2 billion by 2033. In India, the industry lacks established players, creating an opportunity for Augmont to expand its offerings.

Ketan Kothari, Director, Augmont said, "Augmont's vision is very clear - we want to be the leading lab-grown diamond jewellery brand in India. LGD is the future for a nation like India where jewellery has many meanings - aspirations, emotions, and culture. The penetration of mined diamond jewelry in India is less than 5 percent whereas 95 percent of consumers want to own diamonds. Mined diamonds have given negative returns and hence they are not an investment for Indian consumers, who are the smartest when it comes to value investments. Large jewellery chains are in a dilemma to enter this space because of the fact that they have been selling mined diamond jewelry for years and it will be a hard sell for the consumers. Other brands that have entered the space are largely start-ups which have to build trust and credibility which takes years. Augmont's foray into jewellery could not be better timed. Customers trust us for the transparency, innovation, and the fact that we always offer buyback for all our gold products and now LGD jewelry too!"

Augmont plans to introduce Akoirah with a focus on pricing, design, and trust. "The math is simple - whatever money that you save in terms of the difference between mined diamonds and LGDs, invest the same in gold. The appreciation in gold prices will more than make up for the investments in LGD even if for argument's sake, LGD prices don't increase! Added to that, you get better designs and quality. We are bringing the same commitment to purity, value, and excellence that has defined Augmont’s gold legacy into the world of fine diamond jewellery," added Ketan Kothari.

Namita Kothari, Founder of Akoirah added, "Akoirah is all about making Love-Grown Diamonds attainable for all. We believe that fine jewellery should be both aspirational and accessible. Through innovative craftsmanship, and unbeatable gold rates, we are crafting jewellery that is not just beautiful, but meaningful."

Augmont aims to integrate its expertise in gold pricing, purity, and recycling into the LGD segment. Akoirah will feature 100 percent recycled gold and responsibly sourced lab-grown diamonds, ensuring sustainability without compromising on quality. The company also plans to use advanced technology to provide certified, high-quality diamonds at competitive prices. Additionally, customers will be offered a 100 percent exchange and buyback value.

The expansion strategy includes an omni-channel approach, leveraging Augmont’s existing digital gold consumer base. With prices starting at Rs 5,000, Akoirah aims to cater to a broad audience. The company plans to establish 100 stores across India, providing both online and offline retail access.

Through Akoirah, Augmont is positioning itself as a key player in the evolving jewellery market, aligning with the increasing demand for ethical and sustainable diamond options in India.

Vivienne Westwood is set to present its first-ever fashion show in India, showcasing a collection at Mumbai’s Gateway of India. The event highlights India’s textile heritage, featuring hand-woven silks and Khadi cottons, which hold historical and cultural significance in the country’s retail and fashion sectors.

The collection will display couture pieces crafted from natural Indian fabrics, including Khadi, a hand-spun textile associated with Mahatma Gandhi’s movement for self-sufficiency. The initiative is in collaboration with the Department of Textiles, Government of Maharashtra, and Vivz Fashion School Pvt. Ltd. The fabrics, sourced from various regions of India, are provided by Khadi India and Aaranya/Gwalior (Madhya Pradesh). Indian artisans have employed traditional and sustainable techniques to create these textiles.

Khadi, derived from the term "Khaddar," is known for its handmade, coarse texture and its adaptability to different climates. Spun using a charkha (Indian spinning wheel), it played a crucial role in India’s independence movement, symbolizing self-reliance and economic empowerment.

Vivienne Westwood has consistently emphasized craftsmanship and heritage, integrating artisanal fabrics into its designs. The brand’s engagement with heritage production supports skilled artisans and promotes environmentally sustainable fabric-making practices.

The fashion show will take place at Mumbai’s historic Gateway of India, a landmark associated with India’s independence. The venue, a cultural hub for locals and tourists, aligns with the event’s theme of celebrating traditional craftsmanship within India’s evolving retail and fashion landscape.

Quick commerce platform Kiranapro has announced that B S Nagesh, Chairman of Shoppers Stop, has joined the company as an investor and strategic advisor. His appointment comes as Kiranapro continues to expand its presence across India, strengthening its mission to digitize local Kirana stores and enhance their business potential.

"We are thrilled to have B S Nagesh joining Kiranapro as an investor and strategic advisor. Nagesh's proven track record in driving innovation and customer-centric solutions will be instrumental as we embark on this exciting journey together. With his guidance, we are not just aiming for progress, we are setting the stage for a future where customer satisfaction and business growth go hand in hand,” shared Deepak Ravindran, Co-founder and CEO, Kiranapro.

Currently, Kiranapro operates across Delhi NCR, Kerala, and Bengaluru and has recently expanded its services to Hyderabad. The company is focused on empowering Kirana store owners by helping them digitize operations, boost sales, and scale their businesses.

In a strategic move to strengthen its brand presence, Kiranapro also recently onboarded Olympian P V Sindhu as an investor and brand ambassador, the company announced on LinkedIn. Positioned as "India's neighborhood shopping app," Kiranapro specializes in ultra-fast deliveries, fulfilling orders within 10 to 20 minutes in select locations.

The quick commerce sector in India has been witnessing rapid growth, with increasing consumer demand for ultra-fast deliveries of groceries and daily essentials. Kiranapro positions itself as a game-changer for small retailers, helping them navigate this evolving landscape and compete with larger e-commerce players.

With its growing network and high-profile industry leaders backing its vision, Kiranapro is poised to play a transformative role in the quick commerce landscape across India. 

Abercrombie & Fitch (ANF.N) has joined a growing list of U.S. retailers cautioning about weaker annual sales growth, citing softening demand for its flagship brand as the transition into spring unfolds. The announcement led to a 14 percent drop in its shares.

The apparel retailer warned that profit margins would be under pressure due to higher freight costs and increased promotional activities early in the year to clear surplus inventory. Additionally, the company highlighted a $5 million impact from U.S. tariffs, adding another challenge to its financial outlook.

CEO Fran Horowitz addressed the shift in consumer spending patterns during a post-earnings call, stating that spring demand had returned to a "more normalized" pace this year. She noted a decline in sales for the A&F brand, mirroring Target’s (TGT.N) concerns over weak apparel sales in February.

William Blair, analyst, Dylan Carden weighed in on the earnings report, expressing concern over the company's performance, saying, "The initial print does not sow confidence." He further cautioned that while A&F brand sales had grown by 2 percent during the holiday quarter, they could be on a downward trajectory, potentially jeopardizing Abercrombie's full-year targets.

Abercrombie & Fitch has projected annual net sales growth between 3 percent and 5 percent, falling short of market expectations, which had anticipated a 6.77 percent increase, according to LSEG data.

Across the retail industry, major players like Walmart (WMT.N) and Home Depot (HD.N) have set their annual targets conservatively, as persistent inflation pressures American consumers to cut back on discretionary spending, including apparel, home furnishings, and electronics. Adding to the uncertainty is the potential economic fallout from tariffs on imported goods, a policy concern that continues to weigh on shoppers' confidence.

For fiscal 2025, Abercrombie expects an operating margin between 14 percent and 15 percent, factoring in the impact of tariffs on imports from China, Canada, and Mexico. This marks a slight dip from the 15 percent margin recorded in the previous fiscal year. The company sources 5 percent to 6 percent of its merchandise from China, while its exposure to Mexican imports remains "immaterial," according to executives.

Abercrombie's 2023 annual report reveals that the company imports 34 percent of its products from Vietnam, with Cambodia and India among its top sourcing regions.

Despite the cautious outlook, holiday quarter results surpassed expectations. The company reported $1.58 billion in net sales, driven by a 16 percent sales increase in its teen-focused Hollister brand. Adjusted earnings per share stood at $3.57, slightly exceeding analyst estimates of $3.54. For the full year, Abercrombie projects earnings between $10.40 and $11.40 per share, marginally above market forecasts.

Britannia Industries Ltd., one of India’s leading food companies, has announced the resignation of its Chief Executive Officer and Executive Director, Rajneet Singh Kohli. Kohli has decided to step down from his role to explore a new professional opportunity outside the company.

As per the company’s regulatory filing on March 5, 2025, Kohli submitted his resignation, and the Board of Directors has accepted it. He will be officially relieved from his responsibilities at the close of business hours on March 14, 2025.

"Mr. Rajneet Singh Kohli has decided to resign from the services of the company to pursue an external opportunity. We thank him for the contribution during his tenure as the CEO and member of the Britannia board, and wish him the best in his future endeavors," Varun Berry, Executive Vice-Chairman and Managing Director of Britannia Industries said.

Kohli joined Britannia in September 2022 and has been instrumental in driving strategic initiatives, strengthening the company’s position in the highly competitive food and bakery segment. Under his leadership, Britannia focused on expanding its product portfolio, enhancing distribution networks, and reinforcing its market presence across various categories. His tenure also saw efforts toward digital transformation and innovation in the brand’s offerings.

Before joining Britannia, Kohli held senior leadership roles at Jubilant Foodworks, where he played a crucial role in the growth of popular fast-food chains such as Domino’s, Popeyes, and Dunkin’. His extensive experience in the consumer goods and retail sector also includes stints at Asian Paints and Coca-Cola Co., where he contributed significantly to brand strategy and market expansion.

While Britannia has not yet announced Kohli’s successor, the company is expected to make further announcements regarding leadership transitions in the coming weeks. Kohli’s departure marks a significant change for the company as it continues to navigate a dynamic and evolving market landscape.

PNG Jewellers with a legacy spanning 193 years, has achieved another significant milestone with the grand inauguration of its newest store in Chinchwad, Maharashtra. The launch event was graced by Bollywood star Madhuri Dixit, alongside Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, Executive Director Parag Gadgil, and esteemed members of the PNG family. This expansion is a testament to the brand’s commitment to making its exquisite jewellery more accessible across Maharashtra.

The spacious 6,000 sq. ft. store features an extensive collection of gold, diamond, silver, and platinum jewellery, catering to both traditional and contemporary tastes. To commemorate the opening, PNG Jewellers is offering special launch promotions, including up to 20 percent off on gold jewellery making charges and up to 100 percent off on diamond jewellery making charges.

Saurabh Gadgil, Chairman & Managing Director, PNG Jewellers said, “We are delighted to bring PNG Jewellers closer to our customers in Chinchwad. This store is a reflection of our commitment to quality, trust, and innovation. We look forward to serving the people of this vibrant city with our heritage designs and exceptional craftsmanship.”

Madhuri Dixit expressed, “I am glad to be associated with PNG Jewellers, a brand that nurtures Indian culture and stays true to its roots while expanding its purview in India and globally. Jewellery is not just an ornament; it is a reflection of emotions, traditions, and celebrations. PNG Jewellers has always been synonymous with trust and excellent craftsmanship, and I am delighted to inaugurate this beautiful store in Chinchwad.”

Chinchwad, a culturally rich and rapidly developing locality, has long been a center for Maharashtrian heritage, industry, and tradition. PNG Jewellers has played a pivotal role in preserving and modernizing these traditional designs over generations. With this new store, the brand continues its expansion journey, further strengthening its presence in India and globally. The Chinchwad store offers an immersive shopping experience, showcasing hallmark-certified jewellery, expert craftsmanship, and exclusive bridal collections.

Reliance Retail, led by Mukesh Ambani, is reassessing its business strategy following a decline in valuation, as reported by Bloomberg. The company, a key player in India's retail sector, was recently valued at $50 billion by analysts, significantly lower than the $125 billion valuation it sought during fundraising two years ago. Ambani acknowledged to investors that the retail business expanded rapidly across various store formats and locations, leading to operational challenges.

To address these concerns, Mukesh Ambani and Isha Ambani are implementing cost-cutting measures, including slowing the expansion of new stores, reducing marketing budgets, and integrating Reliance Brands Ltd. into the broader retail business. The company is also reassessing global brand partnerships. Additionally, any hiring for high-salary positions now requires approval from the chairman’s office.

According to Bloomberg, Reliance Retail laid off 38,000 employees in 2024 and reduced marketing expenditures on its online platform, Ajio. Since October, hiring employees with annual salaries above $22,890 requires direct approval from Ambani’s office. Further, adding staff to stores beyond the approved plan now needs clearance from Managing Director V Subramaniam, a shift from earlier practices where lower-level managers made these decisions.

The company’s latest measures aim to assure investors that Reliance Retail is taking steps to improve financial efficiency. Several brokerage firms, including Kotak Institutional Equities and Sanford C. Bernstein, revised their valuations downward last year, prompting the company to focus on restructuring efforts.

Ambit Capital Pvt. analysts recently valued Reliance Retail at $50 billion, reflecting a sharp decline from its earlier valuation of $125 billion. The company remains focused on stabilizing operations as it moves toward a planned initial public offering.

Uber has introduced its Uber Pet service in Delhi and Mumbai, expanding the offering that was first launched in Bengaluru last year. With this expansion, Uber Pet is now available in three cities across India, providing more convenience for pet owners who want to travel with their pets. The service aligns with the growing demand for pet-friendly transportation in the country’s urban retail and mobility sector.

Uber Pet will be available both as an on-demand service and through the Reserve option, allowing users to book rides instantly or in advance. The on-demand feature aims to make pet-friendly travel more accessible for users who need flexible transportation options.

As part of this launch, Uber has partnered with pet care brand Heads Up for Tails (HUFT) to offer special discounts on Uber Pet rides for customers traveling to HUFT stores and spas in Delhi, Mumbai, and Bengaluru. Additionally, pet owners presenting their Uber Pet receipt at HUFT stores will receive exclusive deals on pet care products and services.

Shweta Mantri, Head of Rider Verticals, Uber India and South Asia stated, “We’re excited to bring Uber Pet to Delhi and Mumbai, offering even more flexibility for pet owners to travel with their furry friends. After listening to the feedback from pet parents, we’re now offering the option to book Uber Pet on-demand, making travel with your pets easier than ever. Our collaboration with Heads Up for Tails ensures that pet parents have an even more enjoyable experience, with great perks at HUFT stores. Together, we’re making travel with pets not just easier, but more fun too!”

Rashi Sanon Narang, Founder of Heads Up for Tails added, “At Heads Up For Tails, we’ve always believed that pets are family, and every pet parent deserves a seamless, joyful experience when stepping out with their furry family. We’re delighted to join forces with Uber Pet to bring pet-friendly travel to new heights in Delhi, Mumbai, and Bengaluru. Our partnership is all about enhancing the pet parent experience—from seamless rides with Uber Pet to exclusive in-store perks that make every journey more rewarding. Together, we're committed to making every adventure with your pets safe, fun, and effortless!”

Uber Pet allows pet owners to travel with their dogs, cats, and other pets, whether for a vet visit, a trip to a pet-friendly location, or a routine outing. Since the service launched, Uber has been expanding its pet-friendly mobility options, and with this collaboration, pet owners in India can now access more benefits while traveling with their pets.

Texvalley, a key business and shopping destination in the Kongu Region, is preparing for the launch of Value Mall, a large-scale retail and entertainment hub. The mall, which has reached the fit-out possession stage, is set to open in June 2025. Strategically located to cater to cities including Erode, Salem, Tiruppur, Namakkal, Karur, Dharmapuri, Krishnagiri, and the Nilgiris, the development aims to address the region’s demand for a modern shopping center.

Value Mall will feature a mix of national and international brands across retail, food, and entertainment. The facility includes a 15,000 sq. ft. triple-height family entertainment center, a 500+ seater food court, a 25,000 sq. ft. hypermarket, and a 25,000 sq. ft. multi-branded outlet. Additionally, it will house a 1,500+ seater multiplex featuring EPIQ technology, offering an advanced cinematic experience.

With retail spaces filling up, brands looking to expand in South India have an opportunity to establish a presence in the upcoming development. Beyond Squarefeet, a mall advisory and management firm, is handling the marketing and leasing for the project.

Ekart has partnered with IKEA to handle last-mile deliveries for the home furnishings retailer in India, facilitating order fulfillment for purchases made through IKEA’s website. This collaboration will enhance retail logistics across North India, ensuring efficient doorstep delivery of IKEA’s extensive catalogue of over 7,000 products, including furniture, home décor, and household essentials.

Ekart’s logistics network will enable IKEA to fulfill most customer orders within 24 hours, supporting operational efficiency. The company maintains a 99 percent+ success rate in pre-paid shipments, ensuring reliable order fulfillment at scale.

Deliveries will be executed through IKEA India’s newly launched fulfillment hub in Delhi-NCR, integrating real-time tracking for better visibility. Ekart will also deploy electric vehicles as part of the partnership, aligning with IKEA’s sustainability initiatives.

“This partnership is a testament to Ekart’s ability to offer enterprise-grade supply chain solutions to large retail brands. IKEA’s vision is to create a better everyday life for many people, and Ekart is proud to be an enabler in this mission. For us, it has been about shared values of transparency and sustainability in the supply chain with an uncompromising commitment to customer delight and reliability,” said Mani Bhushan, Chief Business Officer, Ekart.

Ekart supports logistics operations for over 400 retail brands, offering last-mile delivery, part-truckload (PTL), full-truckload (FTL), warehousing, and additional services like Open Box Delivery and product refurbishing.
 

In a major move to strengthen its position in the poultry and animal nutrition industry, Indian Poultry Alliance (IPA), a subsidiary of the Allana Group, has acquired Kwality Animal Feeds Pvt. Ltd. for Rs. 300 crore. Additionally, IPA has committed Rs. 200 crore towards expansion, reinforcing its vision for growth and consolidation within the Indian poultry sector.

Founded in 1983, Kwality Animal Feeds has established itself as a leading player in the industry, known for its high-quality animal feed, live chicken, and processed poultry products. With a fully integrated business model—including feed mills, soya processing, breeding farms, hatcheries, broiler integration, and value-added poultry solutions—the company holds a strong presence in West and South India. The acquisition will help IPA leverage Kwality’s partnerships with major food service providers and quick-service restaurants (QSRs), enhancing supply chain efficiencies and expanding its market footprint.

Moiz Chunawalla, Managing Director, Indian Poultry Alliance (Allana Group) stated, “This acquisition further strengthens our poultry value chain, enhancing efficiency, sustainability, and market reach. Leveraging our deep expertise and world-class infrastructure, we are investing in advanced technologies, automation, and precision breeding to drive productivity while minimizing environmental impact. Our commitment to responsible waste management and ethical sourcing will set new industry benchmarks, delivering lasting value to both partners and consumers. As part of its expansion strategy, IPA will invest Rs 2000 crores over the next three years to scale up to 7 manufacturing units, integrate advanced technology, and strengthen cold chain logistics and distribution networks. This investment will also fuel our expansion into key metropolitan markets and strengthen our export strategy, with three more acquisitions planned this year.”

Sanjeev Despande and Ajit Lokur, Director and Managing Director & Co-Founder, Kwality Animal Feeds Pvt. Ltd., commented, “When we founded Kwality Animal Feeds 42 years ago, our vision was to provide top-tier poultry nutrition and solutions. Joining IPA ensures that vision continues to flourish with enhanced resources and expertise. We are excited about the new growth opportunities this collaboration will bring.”

With rising consumer demand for high-protein diets and value-added poultry products, this acquisition marks a significant step in IPA’s expansion plans. The integration process will commence immediately, ensuring a seamless transition for employees, customers, and business partners.

Adani Wilmar Limited (AWL) has announced the acquisition of GD Foods, a leading player in the sauces and pickles segment, and the owner of the well-known “Tops” brand. This acquisition aligns with AWL’s strategy to expand its portfolio with value-added and high-margin food products, further strengthening its position in the Indian packaged foods industry.

With a legacy of over 40 years, Tops has earned a strong reputation in North India, offering a diverse range of high-quality food products. The brand’s portfolio includes tomato ketchup, snack sauces, specialty and culinary sauces, jams, pickles, noodles, instant mixes, corn and choco flakes, as well as essential cooking ingredients such as vinegar, baking powder, cake mix, and corn flour.

The acquisition brings together AWL’s robust infrastructure and the Fortune brand’s strong market presence, built over the past 25 years, with Wilmar’s extensive expertise in the food industry. This strategic move positions AWL to tap into the growing demand for packaged food products, reinforcing its commitment to serving Indian households.

The transaction was successfully executed under the guidance of AWL’s senior leadership, including Angshu Mallick, Shrikant Kanhere, and Saumin Sheth. The AWL deal team, comprising Pulkit Mittal, Pankaj Goyal, Jubin Mehta, Darshil Lakhia, and Usha Khurana, played a crucial role in bringing the deal to fruition.

Several advisory firms supported the acquisition process. KPMG Corporate Finance acted as AWL’s exclusive financial advisor, PwC provided due diligence advisory services, and Cyril Amarchand Mangaldas (CAM) served as AWL’s legal counsel and due diligence advisor.

This acquisition marks another step in AWL’s journey toward becoming a dominant player in the packaged foods segment, strengthening its commitment to meeting the evolving needs of Indian consumers.

Hafele, one of the well-known names in interior solutions, has unveiled its second Licht Experience Centre in India, following the successful launch in Chandigarh. Located at Uniko Lights, Plot No. 74, Scheme No. 54 PU4, Behind C21 Mall, Indore, this new centre is designed to offer an immersive experience, showcasing state-of-the-art lighting solutions that cater to architects, interior designers, lighting consultants, electrical contractors, and consumers. True to its name—“Licht,” which means “light” in German—the centre serves as a dynamic space featuring interactive installations and innovative product displays that set new standards in interior aesthetics and functionality.

The Licht Experience Centre was inaugurated by Manish Mahajan, Sales Director – Hafele South Asia, and Manish Kumat, Principal Designer – Manish Kumat Design Cell. It features an extensive selection of Architectural and Furniture Lighting solutions, designed to enhance both ambiance and functionality in interior spaces.

Hafele’s Licht Experience Centre in Indore integrates advanced lighting technology with modern design. The Loox Range, created specifically for furniture lighting, offers flexibility, reliability, and ease of use, seamlessly adapting to various applications—from task and decorative lighting to ambient and functional illumination. In a pioneering move, Hafele’s Furniture Lighting Solutions come with a 10-year guarantee, an industry-first in India, underscoring the company’s confidence in product quality and durability.

Manish Mahajan, Sales Director, Hafele South Asia said, "In Indore, we see an emerging market that is increasingly embracing modern design and innovative interior solutions. We are excited to bring our Licht Experience Centre to this vibrant city, as we believe it will not only elevate the local design landscape but also serve as a hub for creative inspiration and transformation."

Following the success of its Chandigarh centre, Hafele’s new Licht Experience Centre in Indore further strengthens its commitment to delivering cutting-edge interior solutions across India. The centre is complemented by specialized services, including Meister Services, which ensures precise installations for enhanced functionality and longevity. Additionally, Lighting Design Services provide tailor-made lighting solutions, while the Hafele Academy offers ongoing training programs to maintain excellence in service standards.

With a strong focus on quality, innovation, and customer engagement, Hafele continues to push boundaries in the interior solutions industry, bringing world-class lighting experiences to Indian consumers.

Celebrating 50 years in the fashion industry, Double Bull, India’s one of the renowned men’s fashion brands known for introducing bold and vibrant party wear in the 90s, has officially announced its return to the Indian retail market with ambitious expansion plans. The brand has set a target of Rs.100 Crore in revenue by FY31, rolling out a strategic roadmap to strengthen its presence and cater to the evolving fashion needs of young Indian men.

As part of its expansion strategy, Double Bull plans to increase its footprint in Multi-Brand Outlets (MBOs) and launch over 50 Exclusive Brand Outlets (EBOs) across urban and rural markets in 14 states by the end of this year. In addition to physical retail, the brand is also entering the Direct-to-Consumer (D2C) space with the launch of an exclusive e-commerce platform by year-end. To drive this growth, significant leadership appointments have been made, reinforcing the brand’s commitment to innovation and nationwide expansion.

Originally launched in 1974, Double Bull became a symbol of aspiration with its bold, high-quality party-wear collection, capturing the attention of young consumers. Now, with a renewed vision, the brand aims to bridge the gap between premium fashion and affordability, ensuring that high-end fashion is accessible to all. As part of this relaunch, Double Bull is bringing back its iconic party wear shirts, expanding its presence across 14 states through a strong network of MBOs and EBOs.

Jatin Manodra, CEO, Double Bull said, "As Double Bull marks 50 years in the Indian retail industry, we celebrate not only a significant milestone but also the resilience and dedication that have defined our journey. With new leadership steering the brand, we’ve revitalized our vision and established a clear growth strategy. From a current turnover of 35 Crores, our goal is to reach 100 Crores by FY2031. By blending our rich heritage with innovative strategies, Double Bull is set to reclaim its position as the go-to brand for party wear and beyond. We are also committed to offering premium-quality apparel with bold, innovative designs that empower fearless self-expression, all at an affordable cost. This is a unique offering currently missing in the Indian retail market, and Double Bull aims to bridge that gap. This is not just a celebration of our past; it's the beginning of an exciting, iconic future."

Looking beyond its signature party-wear collection, Double Bull is expanding its product portfolio to meet the dynamic preferences of today’s consumers. The brand plans to introduce a new range of stylish and comfortable apparel, catering to multiple occasions while maintaining a focus on fashion-forward designs. Additionally, the company is investing in innovative fabric technologies to enhance durability and sustainability, ensuring that high-quality fashion remains accessible and affordable.

Paras Dairy (VRS Foods Limited), one of India’s leading dairy brands, has unveiled its premium cheese brand, Galacia, at the prestigious AAHAR 2025 exhibition. This launch signifies a major milestone in the Indian dairy industry, reinforcing the company’s commitment to innovation, quality, and evolving consumer demands. Produced at Paras Dairy’s state-of-the-art facility in Maharashtra, Galacia Cheese is made using high-quality milk sourced from carefully selected farms. Its rich texture, creamy consistency, and exceptional taste make it a versatile choice, catering to both home consumers and food service professionals.

With a legacy of over 60 years, Paras Dairy has been at the forefront of the dairy sector, setting industry benchmarks and empowering farmers while delivering premium-quality products. The brand has invested over Rs. 100 crore into this latest venture, aiming to provide Indian consumers with international-standard cheese while fulfilling the growing demand for premium dairy products. The introduction of Galacia Cheese reaffirms the company’s dedication to maintaining excellence in dairy production and bringing world-class standards to Indian kitchens.

Rajendra Singh, Managing Director, Paras Dairy (VRS Foods Limited), added, "Galacia Cheese is a significant step towards enhancing the consumer experience. Its superior texture and taste make it perfect for a variety of culinary creations."

Galacia Cheese will be available across North, West, and South India, with an initial launch in key cities such as Delhi-NCR, Lucknow, Chandigarh, Mumbai, Bengaluru, Chennai, and Hyderabad. Paras Dairy has established itself as a trusted name in the Indian dairy sector by partnering with over 300,000 farmers across 7,000 villages, ensuring the highest standards in dairy production. Expanding its footprint beyond India, Paras Dairy exports its products to more than 45 countries, bringing the richness of Indian dairy to global markets.

With the launch of Galacia Cheese, Paras Dairy is set to redefine the cheese segment in India, offering a premium product that blends tradition, innovation, and world-class quality to meet the expectations of modern consumers.

Following its successful debut in Mumbai, the renowned Chinese indoor entertainment brand, Pokiddo Junior, is set for a significant expansion in India. Prasuk Jain Hospitality Private Limited, the parent company of Snow World Entertainment, has announced a substantial investment of Rs. 40 crores to drive this growth, underscoring its commitment to providing world-class indoor play experiences. As part of this expansion, five new centers will be launched in key cities, including Delhi, Bengaluru, and a second location in Mumbai, catering to the rising demand for premium family entertainment.

India’s indoor amusement sector is experiencing remarkable growth, with over 6.6 million square feet of operational play spaces spanning 500 locations across 83 cities. By 2028, the industry is projected to expand to 11 million square feet, reflecting a growing appetite for innovative, experience-driven entertainment. Pokiddo Junior is at the forefront of this transformation, integrating play and learning within immersive environments. 

"At Pokiddo Junior, we believe that play is an essential part of a child's growth and development. With India's indoor amusement industry on a rapid growth trajectory, we see an incredible opportunity to set new benchmarks in experiential entertainment. Our expansion is not just about adding more locations, it’s about creating immersive spaces where families can connect, kids can explore, and the industry as a whole can evolve. We’re excited to bring Pokiddo’s world-class experiences to more cities and contribute to the growing demand for innovative indoor entertainment in India," said Prasuk Jain, Managing Director of Prasuk Jain Hospitality Private Limited 

Pokiddo Junior’s expansion strategy is focused on high-footfall metro areas, selecting locations that offer accessibility, convenience, and a vibrant atmosphere for families. The brand aims to replicate the success of its Mumbai venue by upholding high standards of quality, safety, and engagement in every new location.

The Mumbai center, situated in Raghuvanshi Mills, has quickly become a favorite destination for both parents and children. Featuring state-of-the-art play zones, kids’ karting tracks, trampoline arenas, ball pits, and immersive arcade games, Pokiddo Junior provides an engaging and enriching environment for children aged nine and below. Unique themed spaces such as the Princess Room, Supermarket Room, and Farmland encourage role-playing and imaginative play, transforming entertainment into a meaningful learning experience. The brand is further expanding its current footprint by adding 3,000 square feet to its existing location, introducing India’s first kids' salon, a VR Zone, a Sky Simulator, a Carnival, and a café.

Technogym, one of the most preferred Italian fitness and wellness brands, has officially entered the Indian market, marking a significant milestone in its global expansion. Founded in 1983 by Nerio Alessandri in his family garage, Technogym has evolved into a world leader in fitness equipment, recognized for its cutting-edge technology, exceptional craftsmanship, and unparalleled quality. The brand is the preferred choice of elite athletes, world-class fitness centres, and wellness enthusiasts worldwide.

With a relentless commitment to innovation and design excellence, Technogym has received prestigious accolades such as the iF Design Award, Good Design Award, and Red Dot Design Award, celebrating its ability to seamlessly blend visionary aesthetics with superior functionality. As the trusted partner of leading football and Formula 1 teams, Technogym continues to enhance athletic performance through tailored training solutions. Further solidifying its industry leadership, Technogym has served as the Official Supplier for nine Olympic Games, including the upcoming Paris 2024 Olympics and Paralympics.

Technogym’s product lineup extends beyond conventional fitness equipment, enhancing training, recovery, and overall well-being. With over four decades of expertise in human movement, the brand develops equipment that optimizes muscle activation while preserving biomechanics for safety and efficiency. Among its standout innovations is the Technogym Run, a high-performance, ultra-silent treadmill designed for multisurface training, seamlessly combining running and strength workouts. The Technogym Bench provides a versatile fitness experience, complete with an extensive library of training content. Meanwhile, the Technogym Ride, developed in collaboration with cycling champions, features a 22-inch immersive screen and compatibility with leading training apps, offering a professional-grade cycling experience.

With this strategic expansion, Technogym introduces a new era in fitness for India—one that fuses design excellence, technological innovation, and a deep understanding of human movement. Whether for fitness enthusiasts, professional athletes, or industry experts, Technogym invites individuals to experience the future of wellness. Through its legacy of innovation and dedication to redefining fitness, Technogym is set to inspire a healthier, more active India—one breakthrough at a time.

Gemini Edibles and Fats India Ltd., one of India’s leading sunflower oil companies with a 21.7 percent all-India market share (Freedom & Be-Rite), has entered the spices market through a strategic joint venture with Coimbatore-based Sree Annapoorna Foods, a pioneer in spice processing. The newly formed entity, GEF Foods India Pvt Ltd, will manufacture and distribute a diverse range of masalas, meal mixes, and other spice-based products across India.

Sree Annapoorna Foods has long been recognized for capturing the authentic flavors of regional cuisine, bringing home-cooked richness and traditional techniques to consumers. Its product line includes pure spices, regional blends, blended spices, and specialty biryani masalas.

Akshay Chowdhry, Group Vice President, Gemini Edibles and Fats India Ltd said, “We are thrilled to join hands with Sree Annapoorna Foods and launch GEF foods India Pvt Ltd. Both our organisations follow the highest standards of professionalism and wish to give customers a multi-sensory experience of cooking and eating, while also relishing our rich culinary culture.”  

As part of its diversification strategy, Gemini Edibles and Fats India Ltd. is leveraging this joint venture to establish a strong presence in the spices industry.

Chandra Shekhara Reddy, Senior Vice President – Sales and Marketing, Gemini Edibles and Fats India Ltd said, “Sree Annapoorna Foods is an iconic brand and with a whole range of masalas catering to different tastes of the consumers. With an experience of 50 years, Annapoorna masalas and spices carry a rich legacy.  This joint venture will benefit from the deep market knowledge and distribution network of GEF India and help Annapoorna masalas grow its presence.”

“We are elated to partner with GEF India to deliver healthy and tasty masalas to consumers. As the pioneer in the spices industry, we will continue to deliver the best. Backed by GEF India’s strong distribution network, Annapoorna masalas would soon be available across India. With growing culinary culture, increased health awareness and rise of e-commerce platforms, the demand for organic and premium spices is rising. Brand Annapoorna has always been synonymous with quality, and we wish to build further on that by emphasizing quality sourcing and eco-friendly packaging initiatives,” shared Vijay Prasad, Managing Partner of Sree Annapoorna Foods and CEO of GEF Food India Pvt Ltd.

With this strategic alliance, GEF Foods India Pvt Ltd is set to strengthen its presence in the spices industry, combining the expertise and distribution strengths of both companies to deliver high-quality masalas and spice blends to consumers nationwide.

Bharat Value Fund (BVF) has invested Rs. 130 crore in Veira Electronics Private Limited, one of the leading Indian manufacturers specializing in consumer electronics. This investment marks the successful closure of Veira’s pre-IPO placement round, further strengthening its market position.

Founded in 1975, Veira Group operates two cutting-edge manufacturing facilities in Noida, Uttar Pradesh, with the capability to produce up to 3 million televisions annually for both domestic and international markets. These facilities are equipped with advanced technologies, including vacuum-controlled, zero-dust clean rooms, automated optical inspection (AOI) machines, and robotic production lines, ensuring high-quality standards and efficient operations.

Veira boasts an impressive production rate, claiming to manufacture one LED TV every five seconds with its current setup. Its extensive television portfolio supports multiple operating systems, including Tizen, WebOS, Google, and Coolita, covering a diverse range of models such as HD, FHD, 4K, LED, OLED, and QLED. This versatility makes Veira a one-stop solution for brands looking to enter the Indian market.

Ankit Mani, Managing Director, Veira Eletronics said, “Veira Group aims to lead the field of design manufacturing by offering customers superior quality products at competitive prices through continuous technological innovations. We are a complete end-to-end solution provider for brands entering the Indian market, with a dependable team offering R&D, sourcing, design, manufacturing, assembly, final testing, and reverse logistics services. By combining our market expertise with BVF’s robust financial backing, we are well-positioned to maximize shareholder value and drive sustainable growth. This collaboration sets the stage for creating long-term economic value, ensuring a prosperous future for all stakeholders.”

"The company’s financial performance has been impressive, with sales growing at a 55 percent CAGR between FY22-24, reaching Rs. 865 crore in FY24. India's smart TV manufacturing industry, valued at USD 11.53 billion in 2023, is projected to reach USD 32.57 billion by 2030, growing at a CAGR of 17 percent. Key growth drivers include rising disposable incomes, increased internet penetration, and the growing adoption of OTT streaming services," shared Madhu Lunawat, CIO of Bharat Value Fund.

With this fresh investment, Veira Electronics is poised for continued expansion, leveraging its expertise and cutting-edge manufacturing capabilities to solidify its leadership in India’s rapidly growing smart TV market.

KAZO, one of the most preferred fashion brands celebrated for its trend-driven designs and contemporary elegance, is taking a bold step into the world of fragrances with the launch of its first-ever Signature Perfume Collection under KAZO DETAILS. Having already established itself with statement accessories like handbags and jewelry, this new expansion reinforces the brand’s vision of empowering women through fashion and self-expression. By introducing a carefully curated range of luxury perfumes, KAZO DETAILS blends sophistication with accessibility, offering scents that cater to diverse moods and occasions.

The collection features four distinct Eau De Parfum variants, each designed to embody a unique personality and appeal to different sensibilities. KAZO LOUVRE is a rich oriental woody fragrance, masterfully blending orange blossom, jasmine, vanilla, and musk to evoke timeless sophistication. KAZO EMPIRE exudes warmth and depth with its floral-oriental composition, seamlessly intertwining fruity, spicy, and woody notes for an elegant and musky embrace. For those seeking a refreshing yet refined aroma, KAZO SHARD offers a hesperidic-aromatic fusion of citrus, amber, and floral undertones, creating an invigorating and elegant presence. Lastly, KAZO COLOSSEUM captures the essence of modern femininity with its floral-fruity notes, merging bergamot, blackcurrant, and lily of the valley with a musky, mossy base for a lasting impression.

Deepak Aggarwal, Founder & Managing Director, KAZO shared, "At KAZO, fashion has always been more than just clothing— it’s about self-expression, confidence, and a lifestyle that reflects individuality. With KAZO DETAILS, we expanded this vision by curating accessories that complete every look. Now, with our foray into fragrances, we take this journey forward, transforming KAZO into a true lifestyle brand. Perfume is the most personal and powerful accessory—it creates presence, evokes emotions, and defines identity. The Signature Perfume Collection is our next step in empowering women with a scent that embodies sophistication, elegance, and modern femininity.”

As the fragrance industry continues to grow, perfumes have become an essential part of personal style, acting as a powerful extension of one’s personality. Designed to be premium yet accessible, the KAZO DETAILS Eau De Parfums are priced at Rs. 1,990 each, offering long-lasting, intense fragrances that feel as exquisite as they smell. The sleek, minimalist, and travel-friendly packaging enhances the appeal of the collection, making it a seamless addition to any fashion-forward woman’s daily essentials. Targeting young professionals, trendsetters, and style-conscious individuals, the collection is crafted for those who seek a signature scent that complements their confidence and personality, whether for daily wear or special occasions.

With this launch, KAZO DETAILS continues to redefine everyday luxury, seamlessly blending fashion and fragrance to create a holistic style experience. As the brand expands its offerings, it remains committed to curating products that empower women to express themselves boldly, making every moment an opportunity to leave a lasting impression.

Radico Khaitan is aiming for Rs 500 crore in sales from its luxury alcoholic beverage brands in the next fiscal year, driven by the ongoing premiumization trend in India's retail sector. The company’s high-end portfolio includes Rampur Indian Single Malt and Jaisalmer Indian Craft Gin, among others, Managing Director Abhishek Khaitan said.

The company expects an 8-9 percent increase in volume and a 12-15 percent rise in value growth. “This year has been a good year for us, and hopefully next year should be much better,” Khaitan said. For the next fiscal year, he anticipates the Prestige and Above (PNA) category to grow by over 15 percent, contributing to overall double-digit growth.

Radico Khaitan’s luxury brands include Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, Sangam World Malt, and Spirit of Victory 1999 Pure Malt. “For the first time in Q3 (December quarter), we achieved a turnover of Rs 100 crore (from premium), and for the nine months of FY24, we have achieved Rs 250 crore. We are very confident that for FY26, Radico Khaitan should achieve Rs 500 crore of turnover, just for the luxury segment,” Khaitan stated.

To expand in the premium alcobev segment, the company plans to introduce two new brands in the first half of the next fiscal year. “So in the first half, we are planning to come out with two more brands in the luxury space. So we have been working for the last couple of years on that, and hopefully in the first half, we will see their entry into the Indian markets,” he said.

Radico Khaitan, which also owns other premium PNA brands like Royal Ranthambore, Dazzle Vodka, and Morpheus Blue, is experiencing high double-digit growth and expects this momentum to continue.

The company is also benefiting from rising per capita income and a young demographic, with India adding 20 million people to the legal drinking age bracket annually.

Addressing the government’s decision to reduce import duties on bourbon whiskey to 50 percent, Khaitan said it would have minimal impact on the local market. “That would not have so much pressure on the local companies,” he said. However, regarding the UK-India Free Trade Agreement (FTA), he suggested a gradual reduction of the current 150 percent duty on Scotch whisky to allow Indian brands to strengthen their presence in the premium segment.

“Our single malts are now outperforming the foreign single malts also, it is priced higher,” Khaitan said, adding that duty cuts on bulk whisky imports from Scotland would help reduce costs for Indian liquor companies, including Radico Khaitan.

The company is also maintaining a strong presence in the Defense Ministry’s Canteen Stores Department (CSD), where it is a leading supplier of branded IMFL to the armed forces. “We are the market leaders there (at CSD). We would be having a close to 26 to 27 percent, and we feel the demand for Indian products is very high. People are proud to consume the Indian brand,” he said.

Radico Khaitan competes in the premium and single malt segments with brands like Piccadilly Distilleries, Amrut, and Paul John.

In FY24, the company reported gross revenue of Rs 15,483.9 crore, selling 45.6 million cases, with the PNA category accounting for 11.26 million cases. The Prestige and Above segment grew 20.3 percent year-on-year in volume terms. “In Radico, we are very clear that our focus is on the PNA category, however, we are also present in the mass category, where our contributions are good. We achieved a 15 percent volume growth in Q3,” Khaitan said.

For the December quarter, the company reported a 27 percent increase in consolidated net profit to Rs 95.48 crore and an 8 percent rise in revenue from operations to Rs 4,440.90 crore. The Prestige and Above brands saw a 17.7 percent increase in volume, reaching 3.67 million cases and accounting for 50.9 percent of IMFL volumes.

The company expects growth in the IMFL segment due to new liquor retail policies in states like Uttar Pradesh and Andhra Pradesh, which have led to an increase in retail outlets.

Regarding capital expenditure, Khaitan said the company has already invested Rs 750 crore to establish a greenfield distillery in Sitapur and is expanding capacity at its Rampur distillery. “So we are done with our Capex… there will be normal maintenance capex going forward,” he said.

Radico Khaitan, formerly Rampur Distillery Company, also operates a distillery in Aurangabad, Maharashtra, and has a total owned capacity of 320 million liters.

India is expected to retain its position as the fastest-growing major economy, with the International Monetary Fund (IMF) projecting a GDP growth rate of 6.5 percent for 2025-26. The growth outlook is driven by strong private investment and macroeconomic stability, reinforcing India's retail and economic expansion.

According to the IMF, India's economic performance presents an opportunity to implement structural reforms that could support its ambition of becoming an advanced economy by 2047. "Real GDP is expected to grow at 6.5 percent in 2024-25 and 2025-26, supported by robust growth in private consumption on the back of sustained macroeconomic and financial stability," the IMF stated following its Article IV consultations with India.

The second advance estimate released by the Indian government also forecasts a GDP growth rate of 6.5 percent for 2024-25. The IMF report noted that "headline inflation is expected to converge to target as food price shocks wane." However, it emphasized the need for further structural reforms to enhance private investment, employment, and overall economic expansion.

The IMF highlighted that "...comprehensive structural reforms are crucial to create high-quality jobs, invigorate investment, and unleash higher potential growth. Efforts should focus on implementing labour market reforms, strengthening human capital, and supporting greater participation of women in the labour force."

Private investment and foreign direct investment (FDI) are essential for sustaining growth, with the IMF stating that achieving this would require stable policy frameworks, ease of doing business, governance reforms, and increased trade integration, including tariff and non-tariff reductions.

Despite a recent moderation, India's economic growth has remained steady, with a year-on-year GDP growth rate of 6 percent in the first half of 2024-25. Though fluctuating due to food price changes, inflation has remained within the Reserve Bank of India's tolerance band of 2 to 6 percent.

The financial sector has shown resilience, with non-performing loans at multi-year lows. Additionally, fiscal consolidation has continued, and the current account deficit has remained controlled, supported by strong growth in service exports.

With these projections, India’s economic policies and reforms will play a crucial role in maintaining growth momentum and attracting further investments in the retail and business sectors.

Patanjali Foods Ltd. is set to establish an oil palm mill in Mizoram as part of its efforts to expand operations in India's edible oil retail sector, an official confirmed.

Two senior company officials met Chief Minister Lalduhoma in Aizawl to discuss the project. The mill will be located in Liapha, Lawngtlai district, and is expected to be completed within a year, the official said.

Company representatives informed the Chief Minister that oil palm will be sourced from farmers in Serchhip, Lunglei, Lawngtlai, and Siaha districts.

During the meeting, Lalduhoma addressed the challenges faced by oil palm cultivators in the southern districts and outlined the state government's plans to expand oil palm farming.

Patanjali Foods officials stated that they will take necessary steps to support increased oil palm cultivation in the region, the official added.

Godrej Enterprises Group has introduced a new range of premium, tech-enabled home lockers, further strengthening its position in the retail and security market in India. The latest offerings integrate advanced security features with modern home aesthetics, aligning with the company’s strategy to expand its presence across consumer and institutional segments. The business is targeting 20 percent growth in FY26.

Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Business at Godrej Enterprises Group said, “As a preferred brand for over a century, we have continuously reinvented ourselves shaping a category that has evolved alongside Indian homes. With our latest range of home lockers, we are once again redefining security. We are eager to launch our new range of lockers that are equipped with varied unique features, robust security, and spacious design to meet the need of the consumers. We have also launched lockers that are catering to Tier ll markets to further strengthen our brand presence. We are constantly exploring new technology partnerships and investments to stay ahead of the market. We have invested significantly in the past 3 years to build a robust portfolio of advanced security products and solutions. We continue to lead the home locker category and we are aiming to achieve a market share of close to 70 percent in the category by FY2026, and these state-of-the-art products shall further strengthen our leadership in the security solutions market.”

Godrej remains the only company offering a complete suite of security solutions across households, institutions, BFSI, and large-scale infrastructure projects. The newly launched home locker range is designed to meet various consumer needs, from compact, space-saving options to high-security models. The company has prioritized R&D investments to develop advanced security solutions tailored to evolving consumer preferences.

The latest lineup includes NX Pro Slide, NX Pro Luxe, Rhino Regal, and NX Seal, featuring dual-mode access (digital and biometric), an Ibuzz alarm system, enhanced storage, and premium interiors. Additionally, Godrej has introduced the Defender Aurum Pro Royal Class E safe, a BIS-certified high-security model for jewellers, compliant with the Quality Control Order (QCO) effective June 2024. The AccuGold iEDX Series facilitates precise, non-destructive gold testing for jewelers, banks, and hallmarking centers, while the Godrej MX portable strong room modular panels offer high-security, easy transport, and setup.

Expanding into Tier ll and Tier lll cities, Godrej is enhancing its distribution, partnerships, and digital presence, alongside global expansion across 45+ countries. With a pipeline of innovative security products and strategic investments, the company continues to set benchmarks in safety and reliability.

India welcomes a revolutionary approach to hydration as LUCOFAST officially launches nationwide, offering a meticulously formulated hydration drink designed to support energy, recovery, and immunity. Now available on Amazon, Flipkart, and the official website, LUCOFAST is crafted for fitness enthusiasts, athletes, and individuals leading active lifestyles.

With rising temperatures, an increasing fitness culture, and extended work hours, hydration has evolved beyond just drinking water—it is now about enhancing performance and overall well-being. LUCOFAST addresses this growing demand with a fast-absorbing formula that replenishes essential nutrients lost due to sweat, stress, and physical exertion.

"People today want hydration that does more than quench thirst—it should replenish, energize, and support recovery,” shared Khushi Mehta, Founder, Lucofast.

Anand Mehta, Co-founder, Lucofast explained, “LUCOFAST is designed to meet these needs with a well thought and effective formula that fits seamlessly into modern, active lifestyles."

LUCOFAST is infused with five essential electrolytes that help one to stay healthy—Sodium, Potassium, Magnesium, Calcium, and Chloride—that aid hydration and muscle support. It also contains B-Vitamins such as B9, B3, B5, and B6, which play a crucial role in energy production, metabolism, and brain function. Additionally, the presence of Zinc and Vitamin C strengthens immunity and aids recovery. Unlike many other hydration drinks, LUCOFAST is free from caffeine and carbonation, ensuring a smooth and refreshing hydration experience. Made with natural flavours and sweeteners, it offers a vibrant and refreshing taste. Furthermore, permitted food-grade colourants are used to maintain consistency and enhance the drinking experience.

Now available across India, LUCOFAST is priced at Rs. 49 per 300ml bottle. Consumers can order directly from the official website or shop on Amazon and Flipkart.

With its innovative formula and commitment to performance-driven hydration, LUCOFAST aims to redefine how India stays refreshed and energized.

Honasa Consumer Limited, the parent company of brands like Mamaearth, The Derma Co., Aqualogica, and Dr. Sheth’s, has collaborated with Zepto, India’s fast-growing consumer internet platform, to launch a campaign emphasizing the importance of daily sunscreen use. The initiative highlights the retail and India market dynamics by positioning sunscreen as a year-round necessity rather than just a vacation essential.

The campaign integrates Honasa’s skincare expertise with Zepto’s instant delivery model, ensuring consumers have quick access to sunscreen whenever needed. It features products from The Derma Co., Dr. Sheth’s, Aqualogica, and Mamaearth, each offering formulations tailored to different skin needs.

A campaign film uses a thriller-style narrative, depicting a woman attempting to block sunlight from her home. The suspense builds until a friend arrives and orders Honasa’s sunscreens via Zepto, explaining their distinct benefits. The film concludes with the message: “All the sunscreens you need, now delivered in just 10 minutes through Zepto.”

Anuja Mishra, EVP and Chief Marketing Officer, Honasa Consumer Limited stated, “Sunscreens are the most essential step in any skincare routine, yet often the most overlooked. At Honasa, we are committed to educating consumers about healthy skincare habits. This partnership with Zepto allows us to make sun protection more accessible and top-of-mind for consumers. The convenience of quick delivery eliminates excuses, ensuring sunscreen is always a click away—whether someone is heading out for an impromptu meeting, a quick errand, or simply looking to restock. Our goal is to help people build habits that contribute to healthier, happier skin in the long run.”

Chandan Mendiratta, Chief Brand and Culture Officer, Zepto added, “I’ve learned from the women in my life that sunscreen isn’t just a beauty product—it’s a daily essential. With over 8k average daily searches for sunscreen on Zepto today and 2025 set to be one of the hottest summers on record, the need for instant access is greater than ever. This partnership with Honasa ensures sun protection is just 10 minutes away, making it easier than ever for users to build healthier skincare habits—effortlessly. We thank our sellers for having enabled this.”

By leveraging digital platforms and instant delivery, the partnership underscores the importance of daily sun protection while reinforcing Zepto’s role in providing quick access to skincare essentials in India’s retail landscape.

London-based technology brand Nothing has appointed its Co-founder, Akis Evangelidis, as India President. In this role, he will oversee the company's strategy and growth in India, a key market driving its expansion in the retail sector.

India has been central to Nothing’s growth, with the company emerging as the fastest-growing smartphone brand in the country in 2024, recording a 577 percent year-over-year shipment increase, according to the company and Counterpoint Q4 2024 India Smartphone Tracker. The growth was driven by demand for the Phone (2a) Series and its sub-brand, CMF by Nothing.

Akis Evangelidis stated, “India is one of the most important markets for Nothing, and we believe there is a tremendous opportunity to become a leading consumer tech brand in the country. I’m very excited to step into this new role and continue to bring distinctive, design-led tech innovations to Indian consumers. India will play a pivotal role in the global smartphone industry in the years to come, and we’re committed to accelerating our ‘Make in India’ initiatives and boosting domestic production. In 2025, we’re doubling down by ramping up our investments in India and expanding our offline presence to 12,000+ stores.”

Reinforcing its focus on India, Nothing has announced that its upcoming Phone (3a) Series, launching on March 4 at 3:30 PM IST, will be manufactured in Chennai.

Baby & Mom Retail, a House of Brands and a leading name in baby care, skincare, pet care, and bedding solutions, has expanded its presence by launching on quick-commerce platforms Blinkit and Zepto. This strategic move enhances customer convenience by ensuring rapid access to its diverse product range across multiple cities in India.

Customers can now purchase Baby & Mom Retail products on Blinkit in cities such as Ajmer, Alwar, Amritsar, Bathinda, Bhopal, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Jaipur, Jalandhar, Kanpur, Kochi, Kolkata, Lucknow, Ludhiana, Nagpur, Patna, Rajkot, Ranchi, Varanasi, Vijayawada, Visakhapatnam, and more. Meanwhile, Zepto users can find the brand’s offerings in Belgavi, Davangere, Mehsana, Tumkuru, and North Gurugram. Additionally, both platforms feature the brand’s products in major cities like Ahmedabad, Bengaluru, Indore, Mumbai, Nashik, Pune, Surat, Udaipur, and Vadodara.

By expanding to Blinkit and Zepto, Baby & Mom Retail aims to meet the increasing consumer demand for quick and seamless shopping experiences. Offering a wide selection of baby care products, skincare essentials, pet care items, hygiene solutions, and mattresses, the brand ensures that customers can access high-quality products with faster delivery.

"As demand for our products continues to rise, we are now available on Blinkit and Zepto, ensuring our customers receive their orders with greater speed and efficiency. We have gone live in major cities across multiple states and plan to extend this rapid delivery service to additional locations. Customer satisfaction remains our top priority, and by curating high-quality products and optimizing our services, we aim to enhance the overall shopping experience," said Shish Kharesiya, Founder and CEO of House of Brands.

With a strong focus on innovation and evolving consumer needs, Baby & Mom Retail has established itself as a trusted name in baby care and family-oriented segments. Driven by its core values of quality, innovation, and customer satisfaction, the brand remains committed to enhancing the shopping experience while strengthening its market presence.

Unilever has announced that Hein Schumacher will step down as Chief Executive Officer and Board Director on March 1, with his official departure from the company set for May 31, 2025. The company stated that the decision was made by mutual agreement. Fernando Fernandez, currently Unilever’s Chief Financial Officer and Executive Director, will take over as CEO, effective March 1, 2025. This leadership change is expected to have an impact on Unilever’s retail operations in India and other key markets.

Fernando Fernandez, who became CFO in January 2024, previously led Unilever’s Beauty and Wellbeing business. He has held key leadership roles as President of Unilever Latin America, CEO of Unilever Brazil, and CEO of Unilever Philippines, delivering financial growth in these markets. Unilever highlighted his experience in driving performance and talent development.

Hein Schumacher, commenting on his departure, stated, “With a clear strategy, a portfolio reset in motion, and a strong leadership team in place, I look forward to seeing Unilever move from strength to strength in the future.”

Unilever Chairman Ian Meakins acknowledged Schumacher’s contributions, stating, “Hein introduced and led a significant productivity programme and the commencement of the Ice Cream separation, both of which are fully on track. The Growth Action Plan (GAP) has put Unilever on a path to higher performance, and the Board is committed to accelerating its execution. We are grateful for Hein’s leadership, and we wish him the very best for the future.”

On Fernandez’s appointment, Meakins added, “Having worked with Fernando closely over the last 14 months, the Board is very confident in his ability to lead a high-performing management team, realise the benefits of the GAP with urgency, and deliver the shareholder value that the company’s potential demands.”

Fernando Fernandez said, “Being appointed as CEO of Unilever is an honour. Our focus will be on building a future-fit portfolio with an attractive growth footprint and delivering unmatched functional and perceivable superiority across our top 30 power brands.”

Unilever confirmed that Fernandez will receive a fixed salary of €1,800,000, along with eligibility for an annual bonus and Performance Share Plan awards under the company’s existing remuneration policy. Hein Schumacher will continue to receive his fixed salary of €1,850,000 until his departure on May 31, 2025, and will receive compensation for the remainder of his notice period. The company stated that Schumacher will be treated as a "good leaver" under Unilever’s Remuneration Policy concerning his outstanding incentives.

For the CFO position, Unilever has initiated an internal and external search for a permanent replacement. From March 1, 2025, Srinivas Phatak, currently Deputy CFO and Group Controller, will serve as acting CFO. Phatak has held senior finance, strategy, and supply chain roles globally, including a tenure as CFO of Hindustan Unilever Limited.

Unilever stated that its 2025 outlook and medium-term guidance remain unchanged.

Titan projects revenue growth of up to 20  percent for its jewellery segment in the next financial year, driven by demand from affluent consumers in India. Despite rising gold prices, high-income buyers continue to spend on jewellery for weddings and investment purposes, even as middle-class consumers reduce discretionary spending. The company, a key player in India’s retail sector, anticipates steady demand but acknowledges potential risks to margins due to fluctuating gold prices.

Titan’s jewellery division, which contributes nearly 90 percent of the company’s total revenue, is expected to grow in the mid-teen percentage range to 20 percent in the financial year starting April 1, according to Chief Financial Officer Ashok Sonthalia. Speaking to Reuters on Monday, Sonthalia noted that the segment had posted a 20.2  percent growth in the previous year and 20.4  percent in the nine months ending December 31.

The company’s revenue is primarily driven by affluent consumers, whose spending habits remain largely unaffected by inflation and interest rate fluctuations. However, Titan faces challenges in maintaining its core earnings margin target of 11 percent to 11.5 percent amid increasing gold prices.

Sonthalia acknowledged that if gold prices continue to rise without stabilization, achieving the company’s margin target could be difficult. “If gold prices keep going up like this (and) it doesn’t normalize … 11 percent-11.5 percent may be difficult,” he stated.

Benchmark gold prices surged by approximately 27 percent in 2024 and are on track for record highs in 2025, driven by economic uncertainty and inflation concerns in the U.S. under President Donald Trump’s second term.

Titan previously noted that rising gold prices have led to an increase in customers purchasing gold coins— a less profitable category for the company— as an investment option. In the quarter ending December 31, the jewellery business’s core earnings margin declined by 100 basis points to 11.2 percent.

For the overall group, Sonthalia expects revenue growth in the double-digit percentage range for the current quarter. Despite challenges posed by fluctuating gold prices, Titan remains focused on sustaining growth in its jewellery business while navigating market uncertainties in India’s retail sector.

The Kerala government has launched the Direct Selling Monitoring Mechanism (DSMM) to bring transparency and regulatory clarity to the direct selling sector. The initiative is expected to strengthen the industry’s role in economic growth by establishing a structured framework for over 1.5 lakh direct sellers and companies operating in the state. The Indian Direct Selling Association (IDSA), the apex industry body, has welcomed the move, emphasizing its significance for retail and economic development in India.

Under the leadership of Chief Minister Pinarayi Vijayan and Minister G R Anil, the Kerala government has introduced clear guidelines and an online portal aimed at ensuring transparency and compliance in the sector. The initiative is expected to improve regulatory oversight and streamline direct seller registrations.

Speaking at the launch event in Thiruvananthapuram on February 19, 2025, IDSA CEO Council Member Samir K Modi stated, “Kerala has taken a transformative step in strengthening Kerala’s Rs 522 crore direct selling industry, by releasing clear and well-defined guidelines and launching an online portal that will not only enhance transparency and regulatory compliance but also pave the way for the industry's long-term, sustainable growth.”

India is the 11th largest direct selling market globally, with a turnover exceeding Rs 21,000 crore and a compound annual growth rate (CAGR) of 8.3 percent. Kerala accounts for 17 percent of the Southern Region’s direct selling market, alongside Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh, according to the IDSA Annual Survey for FY 2022-23.

The structured monitoring system introduced by the Kerala government, along with the online enrolment portal for direct selling entities, is expected to improve transparency and regulation. IDSA Chairman Vivek Katoch stated in a press release, “IDSA has been keenly involved with the Kerala Food, Civil Supplies, Consumer Affairs, and Legal Metrology Department in sharing industry recommendations, direct seller perspective and further helping in formulating a robust and effective monitoring mechanism and will remain committed towards supporting the state in shaping a growth-driven ecosystem in the state.”

IDSA has been working with central and state governments to develop a regulatory framework aligned with the Consumer Protection (Direct Selling) Rules, 2021. The association aims to safeguard consumer interests while enhancing the credibility of the direct selling industry.

The new mechanism introduced by Kerala is expected to maintain consumer trust, improve business credibility, and strengthen the industry's contribution to economic growth. IDSA remains committed to collaborating with policymakers and stakeholders to foster a transparent and well-regulated direct selling ecosystem.

Dabur India has announced an investment of Rs 550 crore in Madhya Pradesh over the next few years to enhance its production capacity. The company, which has already invested Rs 1,000 crore in the state over the past five decades, considers Madhya Pradesh a key hub for retail and manufacturing in India.

Speaking at the Madhya Pradesh Global Investors Summit 2025, CEO Mohit Malhotra highlighted the company’s positive experience with the state’s policies and governance, which have encouraged further investment. Dabur currently carries out 25 percent–30 percent of its total production in Madhya Pradesh, covering raw material sourcing, manufacturing, and distribution.

Malhotra pointed out that the state offers a strong business environment with reliable water and power supply, single-window clearance for approvals, and financial incentives. These include the central government’s Production-Linked Incentive (PLI) scheme and state-backed mega project benefits, which provide up to 25 percent in incentives.

Dabur remains committed to Ayurveda, herbal, and natural products, maintaining its focus on core categories rather than diversifying beyond its expertise. Malhotra noted that demand for herbal and natural products is growing in India and globally, reinforcing the company’s strategic direction.

The investment will further strengthen Madhya Pradesh’s role as a key manufacturing and supply center for Dabur, supporting its long-term growth strategy in the FMCG sector.

Dabur India’s share price saw a slight increase, trading at Rs 508.15 at 10:15 AM on the NSE, reflecting a 0.48 percent gain (+Rs 2.45) from its previous close of Rs 505.70. The stock opened at Rs 505.15, reached an intraday high of Rs 509.65, and recorded a low of Rs 504.15.

Dabur’s investment reflects its confidence in Madhya Pradesh’s business-friendly environment and government support. By expanding its production capabilities, the company aims to strengthen its presence in India’s retail and FMCG sectors while reinforcing Madhya Pradesh as a key manufacturing hub.

Starbucks is set to lay off 1,100 corporate employees worldwide as part of an operational restructuring under Chairman and CEO Brian Niccol. The company will notify affected employees, according to a letter Niccol shared with staff. In addition to the layoffs, Starbucks is eliminating several hundred unfilled positions.

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol stated in the letter.

Starbucks employs 16,000 corporate support staff globally, but the layoffs will not impact roasting and warehouse employees. Baristas, who make up most of the company’s 361,000 workers, are also not included in the job cuts.

Niccol previously indicated that corporate layoffs would be announced by early March, citing the need to streamline decision-making and reduce layers of management. “Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work,” he wrote.

The job cuts at Starbucks follow similar moves by other major companies. Last week, Southwest Airlines announced it would eliminate 1,750 jobs, or 15 percent of its corporate workforce. In January, Bridgestone Americas shut down a plant in LaVergne, Tennessee, affecting 700 workers.

Niccol, who joined Starbucks last fall, has been focused on reversing declining sales. He aims to improve service times, particularly during the morning rush, and reinforce Starbucks stores as community gathering spaces. His strategy includes simplifying the menu and refining ordering processes across mobile, drive-thru, and in-store channels.

In its 2024 fiscal year, which ended on September 29, Starbucks’ global same-store sales declined by 2 percent. In the U.S., customers reacted to higher prices and longer wait times, while in China, the company faced increased competition from lower-cost rivals. However, Starbucks exceeded sales expectations in its most recent quarter, following adjustments such as the removal of extra charges for non-dairy milk.

Sunpure, a leading edible oil brand in South India, is expanding its product portfolio with the introduction of a new ready-to-mix sweet range. The company, which has built a strong presence in the edible oil and spices market, is entering the Rs 3,600 crore ready-to-mix sweets segment in India with the launch of its Gulab Jamun Instant Mix. This move aligns with the growing demand for convenient food options that retain traditional flavors. Sunpure plans to distribute the product across 20,000 retail outlets in India by the end of 2025, starting with Karnataka before expanding to Tamil Nadu, Andhra Pradesh, Telangana, and Maharashtra, targeting 10 percent market penetration in the first two years.

The new range includes Gulab Jamun Instant Mix and Kesar Badam Gulab Jamun Instant Mix, both formulated without preservatives, artificial flavors, colors, or hydrogenated fats. The Kesar Badam variant includes natural saffron and almonds, offering an additional flavor profile. Designed for quick preparation, the products cater to changing consumer preferences for convenient traditional sweets.

“The ready-to-mix food segment in India is experiencing robust growth, with a projected compound annual growth rate (CAGR) of around 15 percent from 2023 to 2028. Within this expanding market, ready-to-mix sweets, such as Gulab Jamun and other traditional treats, currently make up about 20-25 percent of the total category. With India’s growing middle class and shifting consumer preferences for healthier, preservative-free options, we see significant potential for continued growth in this segment,” said Sridhar Vaidyanathan, Chief Operating Officer of MK Agrotech, Sunpure’s parent company.

Sunpure's expansion into ready-to-mix sweets aligns with its broader strategy of becoming a diversified food brand beyond edible oils. “Our foray into the ready-to-mix sweets category is a natural progression in line with Sunpure’s vision to evolve from being a leader in edible oils to becoming a trusted, all-encompassing food brand. The increasing demand for quick, high-quality, and healthy food options inspired us to develop products that offer consumers the joy of traditional sweets without compromising on quality or nutrition. We are committed to bringing convenience and purity into every product we introduce,” he added.

The product development process involved extensive research, market studies, and regulatory compliance to maintain quality standards. The company ensured rigorous testing of raw materials and packaging, focusing on hygiene, taste, and shelf life. Sunpure’s Gulab Jamun Instant Mix (120g) and Kesar Badam Gulab Jamun Instant Mix (90g) are priced at Rs 99 each.

Looking ahead, Sunpure plans to introduce more products under its ready-to-mix and food categories, reinforcing its presence in India's retail market.

Akzo Nobel India Limited has announced that its Board of Directors has received a Binding Offer from its parent company, Akzo Nobel N.V., to acquire the company’s Powder Coatings business and International Research Centre (R&D). The proposal, dated February 24, 2025, includes standard conditions outlined in the disclosures submitted to stock exchanges. Additionally, the offer covers the transfer of intellectual property for the Decorative Paints business from Akzo Nobel Coatings International B.V. to Akzo Nobel India Limited.

Following the offer, the Board of Directors of Akzo Nobel India has approved the following transactions:

Sale of Powder Coatings Business and R&D Center – These will be transferred on a slump sale basis as a going concern. Each transaction will be conducted through separate Business Transfer Agreements with an indirect wholly owned subsidiary of Akzo Nobel N.V., which will be set up in India. The Powder Coatings business will be sold for Rs 20,730 million, while the R&D center will be transferred for Rs 700 million.

Acquisition of Intellectual Property Rights – Akzo Nobel India will acquire the intellectual property of Akzo Nobel Coatings International B.V. related to the Decorative Paints business in India, Bangladesh, Bhutan, and Nepal. This transaction will be executed through an Intellectual Property Sale and Transfer Arrangement for a consideration of Rs 11,520 million.

These transactions will allow Akzo Nobel India to focus on its liquid paints and coatings segment, making it an independent brand-and-technology company in the Decorative Paints business.

The completion of these transactions is subject to approval from Akzo Nobel India’s shareholders and the Supervisory Board of Akzo Nobel N.V. The company plans to seek shareholder approval in the coming weeks, with the voting process expected to conclude within a month.

Samsung is redesigning its service centers in India to improve the customer service experience, aligning with its focus on retail and consumer electronics. This initiative integrates service and sales, enhancing after-sales support with a stronger emphasis on premium customer care. The company aims to provide a seamless experience through digitalized processes and advanced diagnostic tools that improve issue detection.

The redesigned centers feature updated layouts, including sofa-style seating with built-in wireless charging stations. Dedicated accessory walls display Samsung’s range of wearables, while large digital screens highlight the latest product innovations. The new setup also includes interactive kiosks where customers can engage with product specialists, explore new launches, and access exclusive offers. Additionally, an online appointment system will help streamline visits and reduce wait times.

“Over the decades, we have expanded a robust network of service centres to support our existing customer base which is concurrent to the needs of our sales partners. As consumer expectations evolve every day, we wanted to transform these spaces by infusing youthful and efficient design elements to make them more appealing, while keeping traditional customer needs in mind. At the heart of this is Samsung’s commitment to providing a premium experience to its customers,” said Sunil Cutinha, VP, Customer Satisfaction, Samsung India.

Samsung currently operates over 3,000 service touchpoints across India, including physical service centers, resident engineers, and collection points. The redesign will be implemented in phases across key cities, aiming to improve the customer experience nationwide.

Reliance Retail has renewed its partnership with Mumbai-based waste management company Green Practices to enhance retail waste management efforts in India. The collaboration focuses on reducing environmental impact through advanced waste segregation, composting, and recycling across 45+ Reliance Smart stores and 28 Sahkari Bhandar outlets. This initiative aligns with the company’s commitment to sustainable retail operations in India.

Since the partnership began in 2019, Reliance Retail and Green Practices have handled over 48 lakh tonnes of waste, averaging more than 77 thousand tonnes per month. The initiative aims to reduce landfill dependency and integrate circular economy principles into retail operations.

Vinay Adhye, Vice President and Business Head at Reliance Retail stated, “Sustainability is at the core of our business philosophy. At Reliance, we are committed to minimizing our environmental impact while maximizing operations. Our partnership with Green Practices is about redefining responsible retailing. Together, we hope to demonstrate that sustainability and operational efficiency can go hand in hand.”

Mana Shah, Founder of Green Practices added, “Our partnership with Reliance Retail has been a powerful example of how strategic associations can drive meaningful environmental change. We are integrating circular economy principles into retail operations, and therefore transforming waste into valuable resources. Through this, we hope to inspire industry-wide change.”

With sustainability becoming a priority for businesses, this partnership highlights how strategic collaborations can contribute to responsible retail operations in India.

India’s wearable device market saw an 11.3 percent year-on-year decline in 2024, with shipments totaling 119 million units, marking the first annual drop since its emergence. According to the International Data Corporation (IDC) India Monthly Wearable Device Tracker, the market also contracted for the third consecutive quarter, with Q4 2024 shipments falling 8.7 percent to 25.9 million units. This slowdown comes amid shifting consumer demand and a lack of major technological advancements in key segments.

The average selling price (ASP) of wearables fell by 7.1 percent to $19.8 in 2024, reflecting a slowdown in price drops after five years of double-digit declines. The smartwatch segment recorded the steepest decline, with shipments dropping 34.4 percent year-on-year to 35 million units. The segment’s share within the overall wearable market fell from 39.8 percent in 2023 to 29.4 percent in 2024. Analysts attributed this decline to the absence of significant product innovations, leading to lower consumer interest.

Smartwatch ASPs declined 9.1 percent from $25.8 to $23.5, while advanced smartwatches saw a 13.1 percent year-on-year decline. However, their share within the category slightly improved from 2.1 percent to 2.8 percent.

In contrast, the earwear category saw moderate growth, with shipments rising 3.8 percent to 83.5 million units. The Wireless Stereo (TWS) segment grew 9.4 percent, capturing a record 70.9 percent market share, while neckbands declined 17.1 percent. Over-the-ear models posted significant growth, increasing 83.6 percent to 4.5 million units. ASPs for the earwear segment declined 3 percent to $17.6.

Offline retail in India gained traction, with shipments increasing 7.2 percent and capturing 37.8 percent of the market, up from 31.3 percent in 2023. However, online channel shipments declined 19.7 percent, marking a slowdown after several years of strong growth. Online smartwatch shipments fell 43.0 percent, significantly impacting overall online sales, while earwear shipments via online platforms declined 5.1 percent year-on-year.

A notable emerging segment is the smart ring category, which saw strong growth. Shipments reached 323,000 units in 2024, up from 113,000 units in 2023. The ASP for smart rings increased by 1.9 percent to $174.7, indicating growing demand for advanced wearable technology.

Looking ahead, IDC forecasts that India's wearable market will remain flat in 2025, as the continued decline in smartwatches is expected to offset single-digit growth in earwear.

"Emerging categories like smart rings and smart glasses are expected to see high double-digit growth," said Vikas Sharma, senior market analyst, Smart Wearable Devices, IDC India.

"In the upcoming quarters, innovations will likely revolve around the convergence of advanced sensing technologies and artificial intelligence applications, along with more sophisticated health monitoring features like blood pressure monitoring," he added.

Apple has applied for approval from the Indian government to establish a wholly-owned retail store in India, leveraging changes in retail regulations. The move aligns with Apple's strategy to strengthen its presence in a market that continues to see growth in smartphone sales. Currently, the company sells its products through third-party retailers in India.

Under existing regulations, India allows 100 percent foreign ownership in single-brand retail stores if at least 30 percent of the products are sourced locally. However, the government has indicated that it may consider applications on a case-by-case basis, even if they do not meet the local sourcing requirement.

An Apple spokesperson confirmed that the company had submitted an application to set up a store but did not disclose the number of branded stores planned for India. Apple products have been positioned as premium offerings in the Indian market, though the company has introduced older models at lower prices to increase its consumer base.

In the third quarter of 2015, Samsung Electronics led the Indian smartphone market, followed by domestic brand Micromax, according to IDC. Apple was not among the top five players in the price-sensitive market.

India’s smartphone shipments totaled over 28 million units in the third quarter of 2015, marking a 21.4 percent increase from 23.3 million units in the same period the previous year, according to IDC.

Marico anticipates double-digit revenue growth in FY25, driven by price adjustments and improved volume performance, according to Managing Director and CEO Saugata Gupta. He noted that while revenue is expected to grow, inflationary pressure on material inputs in the second half of the fiscal year could impact profitability. The company aims to maintain an operating margin of around 20 percent, supported by a structured cost management system.

"If you look at the volume growth trajectory every quarter, we have sequentially improved. I think the way we look at it is that we should be able to deliver double-digit revenue growth. Our aspiration is to deliver top quartile volume growth," Gupta said.

Marico continues its diversification strategy, particularly in the food segment, which has gained momentum. "For example, food in the last two quarters hit an annual recurring revenue (ARR) of Rs 1,000 crore. We have a digital business, and two of our digital brands have scaled. Digital businesses put together have a very low cash burn," he said.

The company’s international business has reported double-digit growth in constant currency terms. "And in spite of the fact that there have been some headwinds, we have been able to be resilient in some of the markets like Bangladesh," Gupta added.

Marico has already increased prices for Saffola due to the government's hike in import duty on edible oil last year. The company is also considering an additional price adjustment for its Parachute coconut oil brand, depending on copra price trends. "So, as far as Saffola was concerned, I think it was necessitated by the import duty hike. And with respect to Parachute, we have taken pricing actions and could take one more round if required," Gupta said. "As we move towards Q1 of the next fiscal, we expect copra prices to begin winding down."

Regarding the broader industry outlook, Gupta acknowledged ongoing inflation in input costs, though he noted signs of softening. He also highlighted that tax incentives announced in the recent budget could improve consumption trends, particularly in urban markets. "Food inflation is slightly easing," he said. "The entire tax breaks that have been given to the middle class (in Budget) will definitely improve sentiment." However, he cautioned that the impact will be gradual.

"Some of the tax breaks are welcome and this is something which the government has done for the middle class which definitely boosts consumption. Having said that, that consumption will just not be channelised towards FMCG but different categories also. Also, I believe that food inflation is gradually softening. A combination of both should help in terms of recovery of the urban consumption," he said.

Gupta also expects this trend to benefit certain FMCG categories. "This will also help in urban consumption definitely for beauty and personal care and foods because some of the disposable income will go towards some parts of the FMCG. So this should help in recovering the urban consumption," he said.

In the December quarter, Marico, which owns brands such as Saffola, Parachute, and Livon, reported a 5.2 percent rise in net profit, with consolidated revenue from operations increasing by 15.35 percent to Rs 2,794 crore. "One of the reasons we have been able to do well is that there has been a sequential volume growth every quarter," Gupta said. He also confirmed that Parachute's core volume growth has remained positive.