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NSE collaborates with Zomato to introduce financial literacy among delivery partners

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Ashutosh Dubey
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NSE collaborates with Zomato to introduce financial literacy among delivery partners

The National Stock Exchange of India (NSE) announced on Tuesday, November 12 that it has partnered with Zomato to promote financial literacy and investor awareness among gig economy workers.

Financial & investor awareness campaign for 50,000 workers

This collaboration will start a wide-reaching financial literacy and investor awareness campaign, specifically for Zomato’s delivery partners, benefiting over 50,000 gig workers across the country, according to the NSE.

Continue Exploring: Nykaa sees 66.3% profit rise to INR 12.97 Cr driven by beauty & personal care arm

As part of the agreement, the program will cover basic personal finance topics like budgeting, saving, investing, managing debt, and insurance. It will be conducted in several regional languages to ensure it reaches a diverse group of gig workers.

“This partnership with Zomato is a significant step in expanding our outreach to a critical segment of the workforce that drives the digital economy. By equipping delivery partners with financial skills, we aim to contribute to their financial independence and overall financial well-being,” Sriram Krishnan, Chief Business Development Officer, NSE, stated according to Business Standard.

Continue Exploring: FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

2,000 delivery partners join initiative with Zomato & NSE

Further, Rakesh Ranjan, CEO of Food Delivery at Zomato, stated that this program is tailored to meet the needs of delivery partners, providing them with the necessary knowledge and skills to achieve financial independence.

He added that more than 2,000 delivery partners have already started their journey toward financial literacy, and the company plans to expand this initiative in the coming months.

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Gardening startup Ugaoo secures  INR 47 Cr in Series A funding, eyes expansion

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Ashutosh Dubey
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Gardening startup Ugaoo secures  INR 47 Cr in Series A funding, eyes expansion

Ugaoo, an urban gardening startup, has raised INR 47 crore (about $5.6 million) in a Series A funding round led by V3 Ventures, with support from existing investors DSG Consumer Partners and RPG Ventures.

Ugaoo to expand in 10 cities with 80 retail stores in 2030

Based in Pune, the company will use the new funds to expand into 10 cities and open 80 retail stores by FY 2030. It also plans to offer more products, including a variety of exotic plants and high-quality plant care items for the Indian market.

Continue Exploring: FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Established by Siddhant Bhalinge in 2015, Ugaoo provides a variety of plants, including exotic indoor and outdoor types, flowering plants, succulents, and high-yielding vegetable and flower seeds. The startup also offers quality soils, fertilisers, and gardening tools and accessories for both professional and amateur home gardeners.

Ugaoo grows with 30% growth rate 

“The Indian home and garden category is projected to grow at a CAGR of 30%, opening up significant opportunities for Ugaoo. We plan to deploy the funds towards product enhancement, expanding our regional fulfilment centres, and team growth. We will expand via new hubs in Kolkata, Kochi, Lucknow, Chennai, Guwahati, and Ahmedabad” stated Bhalinge, according to INC42.

Continue Exploring: Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

Earlier in 2021, the company raised INR 15 crore ($2 million) in a Pre-Series A funding round, co-led by DSG Consumer Partners and RPG Ventures. Further, the startup claims its revenue grew from INR 24 crore in FY 2023 to INR 63 crore by the end of FY 2024, due to 100% growth driven by an omnichannel strategy.

Meanwhile, Ugaoo reaches customers all over India through its website, app, and nine stores in Pune, Mumbai, and Bengaluru. It is also available on digital marketplaces like Amazon and Flipkart, as well as quick commerce platforms like Zepto, Swiggy, and Blinkit.

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Amul sets course for Europe following successful US launch

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Ashutosh Dubey
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Amul products
Amul sets course for Europe following successful US launch

After successfully launching in the US, Amul is set to expand into the European market by the end of November. Jayen S Mehta, Managing Director of Gujarat Cooperative Milk Marketing Federation (GCMMF), made the announcement. 

GCMMF is the company behind the popular Amul dairy products.

Amul to available in European market by end of November

According to Economic Times, Mehta announced while addressing a convocation of Indian Institute of Foreign Trade (IIFT), “We will be launching milk…fresh products in Europe by the end of this month.”

Continue Exploring: Amul to expand in US mainstream retail market via Costco

Notably, Amul will initially introduce its products in Spain, followed by a phased expansion into other European countries. According to Jayen S Mehta, the company aims to overcome current non-tariff barriers hindering India’s dairy exports. Removing these barriers will boost export opportunities.

“Try to create a market opportunity for us,” Mehta stated, further adding that milk supports the livelihoods of over 10 crore families in the country, with most producers being small and marginal farmers.

Continue Exploring: Cricketer Yuvraj Singh debuts into retail market with guilt-free snacking brand Twiddles

Amul enters US with Costco Wholesale

In the previous month, Amul Gold entered the US mainstream retail market with gallon packs (3.78 litres) now available at Costco Wholesale. Jayen Mehta, managing director of GCMMF, said, “It is a proud moment for us as we have entered mainstream retail in the US.” 

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Cricketer Yuvraj Singh debuts into retail market with guilt-free snacking brand Twiddles

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Ashutosh Dubey
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Cricketer Yuvraj Singh debuts into retail market with guilt-free snacking brand Twiddles

Cricket legend Yuvraj Singh has launched Twiddles, a brand focused on guilt-free snacking, marking his entry into the consumer goods industry. Twiddles aims to bridge the gap between taste and wellness, offering nutritionally dense snacks for health-conscious consumers.

Twiddles offers product with no preservatives or palm oil

“I believe indulgence and health can go hand in hand,” Yuvraj shared. “As an athlete, I understand the value of balanced nutrition, and with Twiddles, we’re filling a gap by offering snacks that blend rich taste with nutritional benefits, supporting a mindful approach to eating.”

Continue Exploring: FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Notably, Twiddles’ initial product line includes almond, walnut, and cashew chocolate spreads with up to 70% nuts and seeds, no preservatives or palm oil, and 70% less sugar. The brand also launches date-sweetened snack bites for quick energy.

However, Yuvraj partnered with Alfinity Studios, which co-creates brands with celebrities and influencers. “Healthy or unhealthy, we all eat across the spectrum. Twiddles is here to support that balance with options that fit into any lifestyle,” he added.

Twiddles to be available on e & quick commerce, retail

Further, Kumar Gaurav, co-founder of Alfinity Studios, said, “It’s incredibly exciting to work with Yuvraj on bringing his vision to life with Twiddles. His passion for balanced indulgence is infectious, and we’re proud to co-create a brand with him that’s not just about great taste but a whole lifestyle shift.”

Continue Exploring: Armani Beauty makes Indian debut with flagship store launch in New Delhi

Meanwhile, Twiddles will be available across e-commerce, quick commerce, and retail channels in India, with plans for international expansion within six months. The brand aims to redefine snacking globally with quality, purpose-driven options.

With Twiddles, Yuvraj Singh brings his commitment to health and wellness to the consumer goods market, offering Indian consumers a new choice for guilt-free snacking. As the brand grows, its focus on balanced indulgence is expected to resonate with consumers seeking healthier options.

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Nykaa sees 66.3% profit rise to INR 12.97 Cr driven by beauty & personal care arm

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Ashutosh Dubey
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Nykaa sees 66.3% profit rise to INR 12.97 Cr driven by beauty & personal care arm

Nykaa, a major player in beauty and fashion ecommerce, saw its consolidated net profit rise by 66.3% to INR 12.97 crore in the second quarter of FY25, up from INR 7.8 crore in the same period last year. This growth was driven by strong performance in the beauty and personal care (BPC) segment.

Nykaa registers INR 1,874.74 Cr revenue from operation

According to INC42, profit fell by 4.9% from INR 13.64 crore in the previous June quarter. Revenue from operations increased by 24.4% to INR 1,874.74 crore in the reviewed quarter, up from INR 1,746.11 crore in Q2 FY24. Compared to the previous quarter, revenue grew by 7.2% from INR 1,753.44 crore.

Continue Exploring: Nykaa expands footprint with two new Luxe stores in Delhi-NCR

Meanwhile, Nykaa’s total customer base for beauty, personal care, and fashion increased by 31% year-on-year to 3.72 crore, up from 3.32 crore a year ago. Earlier this month, the company stated it expected revenue growth in the “mid-twenties” percentage range.

D2C major GMV surges to 24% YoY

Furthermore, the D2C major’s investor presentation for the September quarter showed that the company’s gross merchandise value (GMV) rose by 24% year-on-year to INR 3,652.5 crore. EBITDA increased by 29%, reaching INR 103.7 crore, up from INR 80.6 crore in Q2 FY24. Additionally, the EBITDA margin improved by 18 basis points year-on-year to 5.5%.

Founded͏͏ by͏͏ Falguni͏͏ Nayar,͏͏ Nykaa͏͏ provides͏͏ a͏͏ range͏͏ of͏͏ beauty͏͏ and͏͏ fashion͏͏ products͏͏ through͏͏ online͏͏ platforms͏͏ like͏͏ Nykaa͏͏ Fashion,͏͏ Nykaa͏͏ Man,͏͏ and͏͏ Nykaa͏͏ Superstore,͏͏ along͏͏ with͏͏ 174͏͏ offline͏͏ stores͏͏ across͏͏ the͏͏ country.

Continue Exploring: Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

Nykaa’s͏͏ house͏͏ of͏͏ brands͏͏ features͏͏ well-known͏͏ names͏͏ such͏͏ as͏͏ Kay͏͏ Beauty,͏͏ Nykaa͏͏ Naturals,͏͏ Nykaa͏͏ Cosmetics,͏͏ and͏͏ Wanderlust͏͏ in͏͏ the͏͏ beauty͏͏ segment,͏͏ as͏͏ well͏͏ as͏͏ fashion͏͏ brands͏͏ like͏͏ Nykd,͏͏ Gajra͏͏ Gang,͏͏ Likha,͏͏ RSVP,͏͏ and͏͏ Pipa͏͏ Bella.͏͏ Renowned͏͏ for͏͏ its͏͏ authenticity͏͏ and͏͏ customer͏͏ focus,͏͏ Nykaa͏͏ has͏͏ become͏͏ the͏͏ preferred͏͏ partner͏͏ for͏͏ international͏͏ brands͏͏ entering͏͏ the͏͏ Indian͏͏ market.

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FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

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Ashutosh Dubey
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FMCG giant P&G surpasses $2 Billion sales in India, growth rate slows by half

Procter & Gamble (P&G), the world’s biggest consumer goods company, surpassed $2 billion in sales in India, over three decades after entering the market. The Cincinnati, US-based company saw an 8% increase in sales at its Indian unit in FY24, while net profit grew by 10%.

P&G reports INR 17,429 Cr sales, profit up to INR 1,583 Cr

According to Economic Times, in the year 2023, P&G’s sales grew by 15% and profit by 26%, but this year, the growth rate has halved due to falling demand in the Indian consumer goods market after the pandemic-induced boom.

Continue Exploring: India’s LB Brewers and Taiwan’s Jim & Dad’s Brewing introduces bottle tea beer

Meanwhile, P&G India reported sales of INR 17,429 crore and a net profit of INR 1,583 crore in FY24 from its four companies: P&G Health, Gillette, P&G Health & Hygiene, and P&G Home Products. In India, P&G mainly competes with Hindustan Unilever (HUL), which is more than three times its size.

Due to its integrated growth strategy, the FMCG giant achieved balanced growth in profit and revenue despite tough conditions. Kumar Venkatasubramanian, the CEO of P&G India, said, “A focused product portfolio of daily use categories where performance drives brand choice, superiority of product performance, packaging, brand communication, retail execution and consumer and customer value, productivity to fund this superiority and innovation, constructive disruption across the entire value chain, and an agile and accountable organisation—are all aimed at delivering sustainable, balanced growth and value creation.”

Continue Exploring: Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

P&G home products registers 37% surge in profit to INR 574 Cr

Notably, P&G Home Products, the largest division of the company, which produces Tide detergent, Pantene shampoo, and Pampers diapers, reported a 37% increase in profit to INR 574 crore and an 11% growth in net sales to INR 9,413 crore last year, according to recent filings. The company holds over half the market for sanitary napkins and shaving razors and continues to gain market share despite being the leader.

Over the past two decades, P&G has invested more than INR 20,000 crore in India, making it one of their top 10 markets globally. In June 2023, the company announced plans to invest INR 2,000 crore in Gujarat to establish an export hub for healthcare products, especially digestives.

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Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

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Ashutosh Dubey
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Parag Milk Foods Ltd hits INR 871 Cr in quarterly revenue with 11% volume growth in H1

Parag Milk Foods Limited, a leading Indian dairy company, announced its financial results for Q2 and H1 FY25, ending September 30, 2024. The company posted significant revenue and profitability growth, driven by robust volume performance in key dairy categories.

Parag Milk Foods registers 10% volume growth in Q2

“We continue to focus on delivering top-quality, innovative products catering to evolving consumer needs,” said Devendra Shah, Chairman of Parag Milk Foods. “Our highest-ever sales of INR 871 crores in revenue is a testament to growing consumer trust. We’re committed to purity, innovation, and quality.”

Continue Exploring: Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

Notably, the company’s financial performance was impressive, with Q2 revenue reaching INR 871 crore, representing a 10% volume growth and 9% value growth. Gross Profit Margin (GPM) remained stable at 23%, while EBITDA increased by 25% year-on-year to INR 76 crore. Profit After Tax (PAT) grew by 16% to INR 29 crore.

For the first half of FY25, Parag Milk Foods reported revenue of INR 1629 crore, with an 11% volume growth and 5% value growth. GPM improved by 2.6% to 24.8%, while EBITDA increased by 26% to INR 138 crore. PAT grew by 21% to INR 57 crore.

Parag ltd. dairy categories sees 17% volume increase

Meanwhile, the company’s key dairy categories, including Ghee, Cheese, and Paneer, drove growth with a 17% volume increase in Q2 and 18% in H1. Gowardhan Ghee and Go Cheese maintained market leadership with a 22% and 35% market share, respectively.

Continue Exploring: Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

Furthermore, Parag Milk Foods’ newer business segments, Avvatar and Pride of Cows, also showed promising growth. Avvatar, the Direct-to-Consumer brand, recorded a 98% year-on-year growth in H1, while Pride of Cows continued to expand its product range and distribution network.

“We have built this company on trust and quality, and I’m proud to see that legacy continue to grow,” concluded Shah. 

With a robust pipeline for new product developments, Parag Milk Foods aims to reach its ambitious INR 10,000 crore revenue target, driven by innovation, quality, and customer-centric products.

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India’s LB Brewers and Taiwan’s Jim & Dad’s Brewing introduces bottle tea beer

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Ashutosh Dubey
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India's LB Brewers and Taiwan's Jim & Dad's Brewing introduces bottle tea beer

Latambarcem Brewers (LB Brewers), a renowned Indian craft brewery, has partnered with Taiwan’s Jim and Dad’s Brewing Company to introduce India’s first bottled tea beer, MAKA di Oo-Long Blanche.

Taiwanese Xiangzhuang tea with Belgian Blanche brewing

This innovative collaboration brings together traditional Taiwanese Xiangzhuang Red Oolong tea and Belgian Blanche brewing techniques. “Our collaboration with the Jim and Dad’s Brewing Company of Taiwan is a celebration of cross-cultural brewing. A global-first landmark, it signifies an unprecedented confluence of cultures, with the ancient Taiwanese tea tradition meeting Latambarcem’s Belgian Blanche brewing expertise. It has strategically been launched across two globally sought-after destinations, so that craft beer connoisseurs from all over the world can witness and experience the coming together of two diverse worlds,” said Aditya Ishan Varshnei, Co-Founder and CEO of LB Brewers.

Continue Exploring: Zomato launches ‘Food Rescue’—buy cancelled food orders at a discount

MAKA di Oo-Long Blanche combines delicate notes of Red Oolong tea with the refreshing taste of wheat beer, crafted by incorporating Oolong tea leaves during brewing. “Being able to share the unique flavour of Taiwanese Oolong tea with India, and also bringing some of India’s flavours back to Taiwan made the collaboration totally worthwhile. Our team had a great time visiting Goa and exchanging brewing techniques with our Indian counterparts. We hope this beer can serve as a great introduction to both cultures in our respective markets,” said Jim Sung, Co-Founder of Jim and Dad’s Brewing Company.

LB Brewers solidifies position with MAKA di Rocket Rice

This exclusive beer is available in Goa and Taipei, two vibrant craft beverage hubs. Priced at INR 150, MAKA di Oo-Long Blanche features a 4-5% ABV, appealing to craft beer enthusiasts.

Continue Exploring: Meesho registers reduction in net loss by 81.8% to INR 304.9 Cr in FY24

Following the successful launch of MAKA di Rocket Rice Lager, LB Brewers solidified its position in India’s craft beer sector and beyond. Their product line is popular in Goa, Uttar Pradesh, the U.S., Canada, and UAE markets.

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Zomato introduces ‘Book Now, Sell Anytime’, allows users to resell event tickets

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Ashutosh Dubey
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Zomato introduces 'Book Now, Sell Anytime’, allows users to resell event tickets

Zomato has launched a new feature called ‘Book Now, Sell Anytime’ on its app. This allows users to buy event tickets in advance and resell them on the app if their plans change at the last minute.

Ticket isn’t sold by November 16 will automatically return to users – Zomato

The company announced on Tuesday, November 12 that users can book tickets for the annual Zomato Feeding India Concert on the Zomato app. The concert, featuring American artist Dua Lipa, will be held on November 30 in Mumbai. If users can’t attend, they can resell their tickets on the app at the original price, according to a post on Instagram.

Continue Exploring: Simpli Namdhari’s introduces “Vocal for Local” to empower Karnataka’s local FMCG brands

If the ticket isn’t sold by the November 16 deadline, it will automatically return to the user’s account. According to Inc42, Zomato has set a limit of 10 tickets per customer. “If all tickets from a single order are listed and successfully sold, the full amount, including the handling and convenience fees, will be credited to your account within 7 working days,” the post read.

Ticket reselling feature on Zomato app, ahead of ‘District’ 

Notably, the tickets that have been purchased by another user can’t be listed again. The ticket reselling feature is being introduced ahead of the launch of Zomato’s District app. Previously in 2024, Zomato bought the movie and events ticketing business of Paytm for INR 2,048 crore in an all-cash deal. The company’s events business grew quickly in the second quarter of FY24-25 after acquiring Paytm Insider.

Continue Exploring: D2C hair care Arata reports 50% revenue growth, sales surges by 1.5x 

Furthermore, the gross order value (GOV) of this sector increased by 171% year-on-year and 46% quarter-on-quarter, reaching INR 1,849 crore in Q2 FY25. Previously, the GOV was INR 1,268 crore in Q1 FY25 and INR 682 crore in Q2 FY24.

Moving forward, Zomato’s going-out arm saw a significant 214% revenue growth, increasing to INR 154 crore in Q2 FY25 from INR 49 crore in Q2 FY24. Deepinder Goyal, founder and CEO of Zomato, mentioned last month that the District app is expected to go live in the next month.

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Armani Beauty makes Indian debut with flagship store launch in New Delhi

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Ashutosh Dubey
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Armani Beauty makes Indian debut with flagship store launch in New Delhi

Italian luxury fashion house Armani‘s beauty arm, Armani Beauty, has opened its first flagship store in India at DLF Promenade Mall in Vasant Kunj, New Delhi. The launch marks a significant milestone for the brand in the Indian market.

Bollywood actress Athiya Shetty adds glamour to opening

Notably, Bollywood actress Athiya Shetty attended the inauguration, adding glamour to the event.

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“Setting new standards in luxury with the launch of India’s very first Armani Beauty flagship store… This isn’t just any beauty store; it’s a meticulously curated space that truly embodies the elegance and sophistication of the Armani brand,” said Biju Kassim, CEO – Beauty at Shoppers Stop.

Shoppers Stop’s distribution arm introduces Armani fragrances

Meanwhile, the launch was driven by Global SSBeauty Brands (GSSB), Shoppers Stop’s distribution arm, which introduced Armani fragrances to India in 2023. Shoppers Stop also launched boutiques for Bobbi Brown and Jo Malone London at DLF Promenade, in collaboration with Estée Lauder.

Continue Exploring: IISc develops eco-friendly, recyclable foam for FMCG packaging

Furthermore, the Armani Beauty store offers high-end, globally recognized luxury products to Indian consumers. “It’s more than just a beauty store—it represents the merging of sophistication, luxury, and cutting-edge beauty solutions,” said Kassim.

Established in 1991, Shoppers Stop Ltd. operates over 106 department stores across 56 cities, 50 Intune value fashion stores, and 23 airport locations.

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