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Mamaearth’s parent Honasa Consumer shares surge 10%, reversing last week’s plunge

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Ashutosh Dubey
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Mamaearth’s parent Honasa Consumer shares surge 10%, reversing last week's plunge

Honasa Consumer, the parent company of Mamaearth, saw its shares soar by 10%, reaching the upper circuit limit of INR 251.55 on November 28.

Honasa shares uptick aligns with FMCG 0.86% growth

This spike in the company’s shares was in line with a 0.86% positive upsurge in the fast-moving consumer goods (FMCG) segment. The stock opened the day’s trading 3.14% up at INR 235.90 against the previous close of INR 228.70.

Continue Exploring: Oceanic Foods settles receipt with SEBI related to LODR rules

As many as 17.59 lakh shares of Honasa traded hands on November 28. The company’s market capitalization stood at INR 8,170.95 crore. However, it’s worth noting that the company’s stock has mostly maintained a downward trajectory after it slipped into the red in the September quarter of the financial year 2024-25 (Q2 FY25), posting a consolidated net loss of INR 18.6 crore.

Meanwhile, Brokerage firm Emkay has also reflected its pessimistic stance on the stock, double downgrading Honasa’s shares to “sell” from its earlier rating of “buy” and cutting its price target by half to INR 300 from INR 600 earlier. Notably, seven out of Honasa’s last 10 trading sessions have ended in the red. On the year-to-date (YTD) basis, its stock has given a negative return of 40.99% to its investors.

Continue Exploring: Baby & Mom Retail targets INR 100 Cr revenue by 2025, sees 91% revenue growth

Mamaearth suffers loss of INR 18.6 Cr in Q2

In the September quarter of financial year 2024,  Mamaearth reported a consolidated net loss of INR 18.6 crore, attributing the loss and fall in sales to its ongoing transition from a super-stockist-led model to a direct distributor model. Honasa’s top line also took a hit as revenue from operations declined nearly 7% to INR 461.8 crore during the quarter under review from INR 496.1 crore in Q2 FY24. Its total expenses rose 9% to INR 506.2 crore during the quarter under review from INR 464 crore in the year-ago quarter.

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Swiggy Instamart teams up with Yu Foods to debut juices and ramen lineup

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Ashutosh Dubey
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Swiggy Instamart teams up with Yu Foods to debut juices and ramen lineup

Swiggy Instamart, India’s one of quick commerce platform, has partnered with Yu Foods, a consumer foods brand, to launch a new range of juices and ramen.

Founders Bharat Bhalla, Varun Kapur announce partnership

The launch event was held at InterContinental Marine Drive in Mumbai, where Yu Foods founders Bharat Bhalla and Varun Kapur, along with Swiggy Instamart COO Sairam Krishnamurthy, unveiled the new product line.

Continue Exploring: Backed by Zomato, Swiggy, UrbanPiper targets 10X US expansion post-rebranding

Meanwhile, the event was attended by famous comedian Sapan Verma, notable influencers like Natasha Gandhi and Simone Khambatta. The new products will be available on Swiggy Instamart, enabling Yu Foods to meet the growing demand for quick, wholesome, ready-to-eat solutions for premium food products.

“We are excited to continue strengthening our partnership with Swiggy Instamart, one of our fastest growing sales platforms,” said Yu’s founders Bharat Bhalla and Varun Kapur. “Our newly launched range of 100% Fruit Juices and Korean Ramen will provide ‘better for you’ options in categories that are seeing high consumer demand. In line with our philosophy, we will continue innovating across categories keeping the consumer at the epicentre thereby helping India eat better.”

Continue Exploring: Nykaa takes over majority stake in D2C skincare brand Earth Rhythm

Yu Foods now available in 43 cities across India

Further, Yu Foods has further reinforced its commitment to health and innovation with its latest offerings. These products are crafted using 100% natural ingredients, free from preservatives, MSG, and palm oil. Yu Foods products will now be available to Swiggy Instamart users across 43 cities, bringing healthier choices to more customers.

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American whisky brand Sazerac to unveil new bourbon lineup in India

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Ashutosh Dubey
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American whisky brand Sazerac to unveil new bourbon lineup in India

American spirits maker Sazerac plans to introduce more brands of bourbon whisky to India, which is considered a priority market due to its large whisky consumption and growing trend of premiumisation.

India is a priority market, continue to bring bourbons – Sazerac

The company looks at India as an “opportunity market” because of its growth potential and increasing disposable income.

Continue Exploring: Baby & Mom Retail targets INR 100 Cr revenue by 2025, sees 91% revenue growth

“We do expect to continue to invest. India, for us, is a priority market. You will see year in and year out, we will continue to bring in more of our award-winning bourbons from Buffalo Trace distillery to India,” said Diego Bianchi, General Manager Emerging Markets & Barrel Select at Sazerac Company.

Meanwhile, the company has introduced Weller Kentucky Straight Bourbon Whiskey from its Buffalo Trace Distillery, the oldest continuously operating distillery in the US. Bianchi said that there is a shift in consumer preference to quality, in which Weller fits that profile that the consumers are looking for. “The other interesting fact is that you have a lot more consumers coming into the category, mainly female. And Weller is a perfect whiskey for female consumers because it is softer with a smooth and complex taste profile,” he added.

Sazerac owns John Distilleries ltd, plans expansion

Sazerac owns a stake in Bengaluru-based liquor maker John Distilleries Ltd, owner of the popular single malt whiskey Paul John. Bianchi said that the relationship with Paul John distilleries is an important one. “With their expertise in the market, John distillate provides a tremendous value for Sazerac, both from a growth on Indian whiskey, but also on the Bourbon front.”

Continue Exploring: Backed by Zomato, Swiggy, UrbanPiper targets 10X US expansion post-rebranding

Furthermore, Sazerac has been investing in JPL since 2017 after it acquired a minority stake. The company launched Weller in the Mumbai market and has plans to quickly expand in big markets such as Haryana, Goa, Karnataka, and Delhi. John Distillery is going to be the key partner in this expansion.

In India, the high-end premium whisky market is still dominated by scotch whisky. However, Vijay Kauthekar, Executive Vice President at John Distilleries, said that premium consumers do not stick to one category. “If you look at the last couple of years, every world whisky is growing in India, in spite of that, scotch is well-dominated. Every international whiskey which is coming from India is growing at a fascinating speed. So that shows that premiumisation is very well accepted,” Kauthekar said.

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Oceanic Foods settles receipt with SEBI related to LODR rules

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Ashutosh Dubey
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Oceanic Foods settles receipt with SEBI related to LODR rules

Oceanic Foods Ltd has settled a case with the Securities and Exchange Board of India (Sebi) regarding alleged disclosure lapses. The company paid INR 12.22 lakh as a settlement fee to resolve the matter.

Oceanic Foods produces and sells dehydrated spices

The company is listed on the BSE, produces and sells dehydrated spices and vegetables. The settlement order was issued after Oceanic Foods proposed to settle the case against it without “admitting or denying the findings of facts and conclusions of law.”

Continue Exploring: Higher profits for FMCG leaders in quick commerce vs. retail and e-commerce!

Meanwhile, Sebi had initiated adjudication proceedings against Oceanic Foods for allegedly violating the Listing Obligations and Disclosure Requirements (LODR) regulations and other market norms. A show cause notice was issued to the company on February 20, 2024, for non-disclosure of a petition filed by its former Managing Director and CEO against the company, as well as the freeze of its bank accounts.

Oceanic Foods pays INR 12 lakh settlement fee

Following which, Oceanic Foods had applied to settle the proceedings by filing a settlement application. After revising the settlement terms, which were approved by Sebi’s High Powered Advisory Committee (HPAC), the company paid the settlement fee.

Continue Exploring: LT Foods goes global, aims to tap $2 Bn rice market of Saudi Arabia

“In view of the acceptance of the settlement terms and the receipt of the settlement amount by Sebi, the instant adjudication proceedings initiated against the applicant vide SCN dated February 20, 2024, is disposed of in terms of the settlement regulations,” Sebi said.

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Baby & Mom Retail targets INR 100 Cr revenue by 2025, sees 91% revenue growth

By
Ashutosh Dubey
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Baby & Mom Retail targets INR 100 Cr revenue by 2025, sees 91% revenue growth

Baby & Mom Retail, a leading player in the baby care, skin care, pet care, and bedding solutions sectors in India, aiming for a revenue target of INR 100 crore by 2025, announced the company.

Baby & Mom Retail nets INR 44 Cr revenue 

The company previously recorded impressive revenue growth from INR 23 crore in 2023 to INR 44 crore in 2024. Additionally, Baby & Mom Retail is preparing for a public listing with an IPO projected to be valued at INR 280 crore by 2026.

Continue Exploring: Amway India registers INR 53 Cr loss for FY24, revenue stands at INR 1280 Cr

“At Baby & Mom Retail, our journey has been driven by a deep commitment to quality, care, and innovation. Every product we create, every milestone we reach, and every family we serve brings us closer to our vision of becoming a trusted part of every home,” said Shish Kharesiya, Founder and CEO of House of Brands – Baby & Mom Retail.

However, the company’s remarkable growth is attributed to a series of successful initiatives and strategic expansions, particularly in its diverse product offerings and strong digital presence. Baby & Mom Retail has expanded its brand portfolio, focusing on high-demand, customer-oriented products. These include brands like OYOBABY, Newish, REDCOP, GADDA CO, Mattress Protector, and Amorite, which address a variety of family needs ranging from safe baby skincare to premium pet care and natural hair solutions.

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Baby & Mom Retail to file for IPO

As the company moves toward its IPO, Baby & Mom Retail is preparing to meet investor expectations by strengthening its financial and operational foundations. The planned IPO will provide additional capital to support scaling initiatives, solidifying the company’s position as a leader in the baby care and lifestyle sector. Digital marketing and e-commerce partnerships have been key to the company’s success, with a robust online presence through major platforms like Amazon and Flipkart.

Looking to the future, Baby & Mom Retail aims to grow its presence in Tier II and Tier III cities across India while strategically targeting international markets in Asia, Europe, and North America.

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Backed by Zomato, Swiggy, UrbanPiper targets 10X US expansion post-rebranding

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Ashutosh Dubey
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Backed by Zomato, Swiggy, UrbanPiper targets 10X US expansion post-rebranding

Food tech giants, Zomato and Swiggy backed UrbanPiper, a Bengaluru-based start-up, has successfully unified its global brand identity following its acquisition of U.S.-based Ordermark in 2023. 

‘Ordermark by UrbanPiper’ to ‘UrbanPiper’

The rebranding of “Ordermark by UrbanPiper” to “UrbanPiper” marks a significant step in launching the UrbanPiper platform in the regions of the USA and Canada.

Continue Exploring: The Malabar Coast plans expansion to five new locations by 2025

Meanwhile, UrbanPiper’s expansion reflects its commitment to simplifying restaurant operations on a global scale. The company supports over 45,000 restaurants across 30+ countries, including global chains like McDonald‘s, Pizza Hut, KFC, and Subway, as well as Indian favorites such as Curefoods, Wow! Momo, Theobroma, and Haldiram‘s.

UrbanPiper raises $24 Mn in 2022

In 2022, UrbanPiper raised $24 million in Series B funding led by Peak XV (then Sequoia Capital), Tiger Global, Swiggy, and Zomato. These funds were used to expand to global markets, enhance platform capabilities, and broaden its service offerings for restaurants.

In addition, UrbanPiper’s all-in-one restaurant management platform simplifies operations and drives growth for restaurants. A key feature is seamless integration with delivery platforms, enabling efficient management of all online channels from a single interface.

Continue Exploring: Nykaa takes over majority stake in D2C skincare brand Earth Rhythm 

As per ET, “UrbanPiper is built by a team that truly cares about the unique challenges faced by restaurant owners,” said Ashish Saxena, President of UrbanPiper. “With the official launch of the UrbanPiper platform in the U.S., which is one of our key focus markets, we are aiming for 10x growth over the next three years. As a homegrown company, it fills me with immense pride to see our vision make an impact on the global stage, empowering restaurants to scale and thrive in an ever-evolving industry.”

As UrbanPiper expands its global footprint, it aims to grow its presence in the U.S. by 10x, targeting an increase from 5,000 to 50,000 restaurants by 2027. Existing Ordermark customers are being upgraded to the UrbanPiper platform at no additional cost and without any service disruptions.

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The Malabar Coast plans expansion to five new locations by 2025

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Ashutosh Dubey
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The Malabar Coast plans expansion to five new locations by 2025

The Malabar Coast, a popular South Indian coastal cuisine restaurant chain, has announced plans to expand to five new locations by the end of 2025. 

The new locations will include major cities like Delhi NCR and Kolkata. Founded in 2020 by Satish Bhatia and Priyanka Tiwari, the brand has quickly gained a loyal following with its authentic flavors and efficient quick-service dining model.

Continue Exploring: Nykaa takes over majority stake in D2C skincare brand Earth Rhythm

The Malabar Coast runs three outlets 

Currently operating three vibrant outlets in Gurgaon, Noida, and Indore, The Malabar Coast is known for offering an immersive culinary journey through the coastal regions of Kerala, Andhra Pradesh, Chettinad, Mangalore, Goa, and select Sri Lankan specialties. 

“Our mission has always been to bring the rich and diverse flavors of coastal India closer to our patrons. With this expansion, we aim to introduce even more communities to our authentic offerings while continuing to uphold the quality and tradition that define our brand,” said Satish Bhatia.

Continue Exploring: H&M eyes retail expansion with new physical stores in Surat and Dehradun

Further, The Malabar Coast takes pride in presenting a rich array of regional specialties, including Kerala Parotta, Fish Moilee, Vegetable Stew with Appumm, Andhra Chilli Chicken, Tawa Pomfret Fish, and Chettinad Mutton. Each dish is crafted using traditional recipes and the freshest ingredients, ensuring an authentic experience for food enthusiasts and professionals seeking quick yet flavorful meals.

Since its inception, The Malabar Coast has become synonymous with exceptional dining experiences, blending vibrant interiors with efficient service. This next phase of expansion highlights the brand’s commitment to preserving India’s coastal culinary heritage while adapting to the evolving needs of modern diners.

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Nykaa takes over majority stake in D2C skincare brand Earth Rhythm

By
Ashutosh Dubey
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0
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Nykaa takes over majority stake in D2C skincare brand Earth Rhythm

Nykaa, a leading beauty and fashion e-commerce platform, has announced the acquisition of a majority stake in Earth Rhythm, a direct-to-consumer (D2C) skincare and beauty brand.

Nykaa acquires 18.6% stake in Earth Rhythm in 2022 

The financial terms of the deal were not disclosed. Nykaa had previously acquired an 18.6% stake in Earth Rhythm in 2022.

Continue Exploring: Amway India registers INR 53 Cr loss for FY24, revenue stands at INR 1280 Cr

With this acquisition, Nykaa aims to leverage its innovation, marketing, and omnichannel distribution capabilities to fuel Earth Rhythm’s growth across segments. The investment aligns with Nykaa’s strategy to build a house of brands portfolio, which includes Kay Beauty, Nykaa Naturals, Nykaa Cosmetics, and Wanderlust.

“Earth Rhythm’s truly unique formulations and commitment to sustainability across the supply chain – from ingredients to packaging to processes – have struck a chord with its loyal consumer base,” said Adwaita Nayar, Chief Executive of Nykaa Fashion and Beauty Brands. “We look forward to expanding the reach and accessibility of the brand, ramping up growth by leveraging operational synergies with the Nykaa ecosystem.”

Founded by Harini Sivakumar in 2019, Earth Rhythm offers a range of beauty and personal care products, including lip cheek tint, shampoo bars, sunsticks, and hydrating sunscreens. The brand focuses on plastic-free packaging and claims to offer 250 products across six categories.

Continue Exploring: Zomato rolls out quick delivery service for B2B Hyperpure, intensifying competition

Nykaa operates 200 offline stores, expands B2B segment

For now, Nykaa operates over 200 offline stores and has been actively expanding its brand portfolio. The company has expanded its offerings to include lifestyle and B2B segments through online platforms Nykaa Fashion, Nykaa Man, and Superstore.

Earlier in September, Nykaa increased its ownership in Dot & Key to 90% from 51% by investing INR 265.3 crore. Meanwhile, the company’s total net profit rose by 66.3%, reaching INR 12.97 crore in the second quarter of FY25, up from INR 7.8 crore in the same period last year, due to strong growth in their beauty and personal care segment.

However, this profit was 4.9% lower than the INR 13.64 crore they reported in the previous June quarter.

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H&M eyes retail expansion with new physical stores in Surat and Dehradun

By
Ashutosh Dubey
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0
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H&M eyes retail expansion with new physical stores in Surat and Dehradun

H&M India has announced the opening of two new stores, one in Dehradun and the other in Surat. 

H&M now operates in 65 locations across India

The Dehradun store, located at the Mall of Dehradun, marks the company’s 64th location in India. The Surat store, situated at the International Wealth Center, is H&M’s 65th location in the country.

Continue Exploring: Zomato rolls out quick delivery service for B2B Hyperpure, intensifying competition

Meanwhile, the Surat store spans 1,351 square meters, while the Dehradun location covers 1,252 square meters. Both stores promise an immersive shopping experience with the latest trends and curated collections for all. Shoppers can explore H&M’s exclusive Holiday Collection, featuring party essentials, statement styles, and luxurious accents in gold and rose gold.

Aim to enhance our relevance, build closer connections – Director, H&M

“India is a wonderfully diverse and dynamic market, and we recognize the unique needs of our local customers here. With our 64th store in Mall of Dehradun and 65th store in Surat, we aim to enhance our relevance and build closer connections in the community. We look forward to providing our customers with a seamless shopping experience, curated collections, and quality fashion that truly celebrates self-expression,” said Helena Kuylenstierna, Director, H&M India, regarding the inauguration of stores.

Continue Exploring: Suditi Industries takes over kidswear retailer Gini & Joy, plans omni-channel expansion

With these new store openings, H&M India continues its mission to democratize fashion, offering a seamless and inspiring shopping experience to communities across the country.

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Amway India registers INR 53 Cr loss for FY24, revenue stands at INR 1280 Cr

By
Ashutosh Dubey
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0
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Amway India registers INR 53 Cr loss for FY24, revenue stands at INR 1280 Cr

Amway India Enterprises, a direct seller, has reported a widening net loss of INR 52.78 crore for the financial year 2024, while revenue from operations stood at INR 1,283.75 crore.

Amway total income rises 0.7% only

The company’s total income, including other income, was marginally up 0.7% to INR 1,293.97 crore.

Continue Exploring: True Diamond bags $1 Mn in seed funding led by Titan Capital, plans retail expansion

Compared to the previous year, Amway India’s net loss has more than doubled from INR 21.72 crore, while revenue from operations saw a marginal increase from INR 1,278.69 crore. The company’s advertising and promotional expenses decreased by 25.5% to INR 61.03 crore in FY24, while royalty paid to its US-based parent firm increased by 4.06% to INR 65.74 crore.

However, Amway India clarified that no royalty was paid to the parent company in FY 2024, and it has only accrued in the company’s books. Amway India Enterprises is a wholly-owned subsidiary of Alticor Global Holdings Inc., one of the largest direct-selling companies globally.

Amay spends INR 1300 Cr in FY24

Notably, the company’s total expenses stood at INR 1,347.37 crore, down 1.64% in FY24. Revenue from the ‘Nutrition and Wellness’ segment was up marginally at INR 782.40 crore, while revenue from ‘Personal Care’ and ‘Home Care’ segments declined to INR 219.04 crore and INR 123.57 crore, respectively.

Continue Exploring: Suditi Industries takes over kidswear retailer Gini & Joy, plans omni-channel expansion

Further, a company spokesperson stated, “Like any organization pursuing its growth journey. Amway India too has gone through challenges that impacted its business, but we are progressing according to our plans.” The spokesperson added that Amway India holds an important position as a business market for Amway globally and is committed to the Indian market.

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