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Reliance’s Tira unveils luxury skincare brand Augustinus Bader in India

By
M Haziq Pandit
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Reliance Tira Augustinus Bader

Reliance‘s beauty platform Tira has introduced the global luxury skincare and haircare brand Augustinus Bader in India.

Exclusively͏͏ available͏͏ on͏͏ Tira,͏͏ the͏͏ luxury͏͏ brand͏͏ being͏͏ launched͏͏ in͏͏ India͏͏ was͏͏ founded͏͏ by͏͏ renowned͏͏ stem͏͏ cell͏͏ and͏͏ biomedical͏͏ scientist,͏͏ Professor͏͏ Augustinus͏͏ Bader.

The͏͏ company͏͏ stated͏͏ that͏͏ the͏͏ Augustinus͏͏ Bader͏͏ collection͏͏ is͏͏ exclusively͏͏ available͏͏ on͏͏ Tira,͏͏ both͏͏ online͏͏ and͏͏ at͏͏ select͏͏ Tira͏͏ stores͏͏ in͏͏ Mumbai,͏͏ Delhi,͏͏ Hyderabad,͏͏ and͏͏ Bangalore.

Expert͏͏ Guidance͏͏ for͏͏ Tailored͏͏ Skincare Solutions:

In͏͏ addition͏͏ to͏͏ offering͏͏ the͏͏ collection,͏͏ the͏͏ company͏͏ will͏͏ provide͏͏ expert͏͏ guidance͏͏ to͏͏ assist͏͏ customers͏͏ in͏͏ choosing͏͏ products͏͏ suited͏͏ to͏͏ their͏͏ specific͏͏ skincare͏͏ needs.

“At͏͏ Tira,͏͏ our͏͏ goal͏͏ is͏͏ to͏͏ bring͏͏ the͏͏ finest͏͏ global͏͏ and͏͏ homegrown͏͏ brands͏͏ to͏͏ Indian͏͏ consumers.͏͏ Introducing͏͏ Augustinus͏͏ Bader͏͏ in͏͏ India͏͏ marks͏͏ another͏͏ step͏͏ in͏͏ our͏͏ mission͏͏ to͏͏ offer͏͏ luxury,͏͏ high-performance͏͏ skincare͏͏ that͏͏ appeals͏͏ to͏͏ India’s͏͏ growing͏͏ community͏͏ of͏͏ beauty͏͏ enthusiasts,”͏͏ said͏͏ Bhakti͏͏ Modi,͏͏ Co-Founder͏͏ of͏͏ Tira.

Continue͏͏ Exploring:͏͏ Reliance Retail’s Tira launches͏͏ skincare brand͏͏ ‘Akind’͏͏ Co-Founded͏͏ by͏͏ Mira͏͏ Kapoor

“We͏͏ are͏͏ thrilled͏͏ to͏͏ bring͏͏ Augustinus͏͏ Bader,͏͏ our͏͏ science-driven͏͏ skincare͏͏ line͏͏ that͏͏ redefines͏͏ luxury͏͏ and͏͏ efficacy,͏͏ to͏͏ India.͏͏ Tira,͏͏ with͏͏ its͏͏ deep͏͏ understanding͏͏ of͏͏ the͏͏ Indian͏͏ beauty͏͏ market,͏͏ was͏͏ the͏͏ ideal͏͏ partner͏͏ for͏͏ our͏͏ entry͏͏ into͏͏ the͏͏ country.͏͏ This͏͏ exclusive͏͏ partnership͏͏ marks͏͏ a͏͏ significant͏͏ milestone͏͏ for͏͏ us͏͏ as͏͏ we͏͏ expand͏͏ into͏͏ one͏͏ of͏͏ the͏͏ world’s͏͏ most͏͏ dynamic͏͏ beauty͏͏ markets,”͏͏ said͏͏ Charles͏͏ Rosier,͏͏ Co-Founder͏͏ and͏͏ CEO͏͏ of͏͏ Augustinus͏͏ Bader.

India’s͏͏ Booming͏͏ Beauty͏͏ Market͏͏ Set͏͏ for͏͏ Rapid͏͏ Growth:

India’s͏͏ beauty͏͏ market͏͏ is͏͏ set͏͏ to͏͏ expand͏͏ to͏͏ $20͏͏ billion͏͏ by͏͏ 2025,͏͏ with͏͏ the͏͏ premium͏͏ luxury͏͏ segment͏͏ expected͏͏ to͏͏ grow͏͏ by͏͏ 15%.͏͏ Euromonitor͏͏ estimates͏͏ that͏͏ luxury͏͏ beauty͏͏ retailers͏͏ and͏͏ online͏͏ platforms͏͏ are͏͏ striving͏͏ to͏͏ improve͏͏ customer͏͏ experience͏͏ by͏͏ embracing͏͏ clean͏͏ beauty,͏͏ inclusive͏͏ skincare,͏͏ and͏͏ AI-powered͏͏ cosmetic͏͏ solutions.

According͏͏ to͏͏ data͏͏ from͏͏ Research͏͏ and͏͏ Markets,͏͏ the͏͏ skincare͏͏ products͏͏ market͏͏ in͏͏ India͏͏ was͏͏ valued͏͏ at͏͏ $6.53͏͏ billion͏͏ in͏͏ 2022͏͏ and͏͏ is͏͏ projected͏͏ to͏͏ reach͏͏ $8.84͏͏ billion͏͏ by͏͏ 2027,͏͏ reflecting͏͏ a͏͏ compounded͏͏ annual͏͏ growth͏͏ rate͏͏ (CAGR)͏͏ of͏͏ 6.25%.

In͏͏ a͏͏ booming͏͏ market,͏͏ Tira͏͏ competes͏͏ with͏͏ beauty͏͏ product͏͏ retailers͏͏ such͏͏ as͏͏ Nykaa,͏͏ Tata͏͏ Cliq͏͏ Palette,͏͏ and͏͏ Myntra.͏͏ In͏͏ addition͏͏ to͏͏ its͏͏ online͏͏ presence,͏͏ Tira͏͏ has͏͏ launched͏͏ a͏͏ dozen͏͏ offline͏͏ stores͏͏ in͏͏ major͏͏ cities.

Continue͏͏ Exploring:͏͏ Reliance Retail unveils͏͏ KIKO͏͏ Milano͏͏ on͏͏ Tira,͏͏ boosting͏͏ beauty͏͏ portfolio

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Watch brand Rado expects to end 2024 with double-digit growth in India

By
Ashutosh Dubey
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Rado Watch, Luxary,
Watch brand Rado expects to end 2024 with double-digit growth in India

Swiss watch brand Rado eyes remarkable double-digit growth in India, its biggest market, by the end of 2024.

In an interview with ETRetail, Rado’s Global CEO, Adrian Bosshard stated, “We are currently at a high one-digit growing level. And I strongly believe that we will be able to end the year with two-digit growth. That means, after a record year in 2023 we are again able to make a step”

Continue͏͏ Exploring:͏͏ Jaipur Watch Company expands into women’s segment, eyes 20% sales contribution

To meet the expected growth in sales, Rado has taken steps to ensure its products are widely available during festive season, especially Diwali. “We have prepared very efficiently,” said CEO Bosshard. “The biggest challenge is having enough goods to meet the massive demand during this period.”

India emerges as top market for Rado since 2023

Earlier while talking with ETRetail in February 2024, CEO Bosshard shared that Rado’s sales jumped 23% in 2023, with India overtaking China as its top market. He stated, “It’s absolutely clear that we will undertake everything to keep our position in this country. Further, I’m convinced that for the global watch industry, India, in the upcoming years, will take a much more important position.”

Furthermore, he highlighted the brand’s strong loyalty among Indian consumers globally. Bosshard said, “Indian customers are all over the world. We see them buying Rado in Australia, Dubai, Europe, the US, and the UK because they have had a good experience and trust in the Rado brand.”

Continue͏͏ Exploring:͏͏ Indian luxury beauty market to reach $1.6 bn by 2028: Report

As the brand leads the market for watches priced between INR 100,000 and INR 500,000. It is also expanding its reach, with remarkable growth in smaller cities of the country. Recently, Rado unveiled its first duty-free store at Delhi and has an intention to open some more stores in various airports shortly. 

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Starbucks India partners with Bombay Sweet Shop to introduce exclusive festive culinary collection

By
Ashutosh Dubey
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Starbucks India, Bombay Sweet Shop
Starbucks India partners with Bombay Sweet Shop to introduce exclusive festive culinary collection

Starbucks India is all set to celebrate the season by introducing a new range of drinks and food items inspired by Indian flavour profile such as Saffron Pistachio Latte and Saffron Masala Chai, along with delectable Indian desserts made in collaboration with Bombay Sweet Shop for a short period.

Starbucks offers local taste with range of Indian flavours

According to Restaurant India.in, recently, Sushant Dash, CEO of Tata Starbucks, shared, “At Starbucks, we have always celebrated India’s vibrant cultural heritage. The festive season is a time of joy, warmth, and togetherness, and at Starbucks India, we are honoured to create new moments that will celebrate India’s coffee and food culture.”

Continue͏͏ Exploring:͏͏ Tata’s Trent launches Zudio Beauty to compete in mass-priced beauty segment

Interestingly, The coffee major launches its festival menu with saffron-flavoured beverages starting at Rs 395. The collection comes with three stand-out drinks, the Saffron Pistachio Latte among which the drink is prepared with Diwali Blend espresso, saffron-flavoured cream and rose crumbs on top. The other two are Cold Brew and Masala Chai.

Furthermore, Starbucks has collaborated with Bombay Sweet Shop to create mithai-inspired desserts. Some of the desserts inspired from the old flavours of India given a modern twist are Gulab Jamun Trifle, Khubani Barfi Bar, and White Choco Kaju Nankhatai. These combine perfectly with Starbucks festive drinks, as the classic Indian flavours have been styled.

Regarding the partnership, Sameer Seth, Founder and CEO of Hunger Inc. Hospitality, which owns Bombay Sweet Shop, stated, “Indian sweets and mithai are at the heart of every Diwali celebration. This partnership beautifully combines the essence of mithai with contemporary flavours, offering a unique experience that celebrates both tradition and innovation.”

Continue͏͏ Exploring:͏͏ Online festive sales in India surge 26% to over INR 54,500 Cr, driven by mobile phones and electronics

Coffee Giant unveils gift hampers with local touch for festive season

Additionally, Starbucks India has brought in gift hampers, specially curated to celebrate the festivities, priced at Rs 870. The hampers will include a Bearista Plushie in traditional clothes, supply of Diwali Blend coffee, and dry fruits and nut fudge-all put together to make a fun way to share the festive spirit.

Moreover, besides opening the stores across the country, Starbucks also empowers Indian communities through its “Empowering Girls and Young Women” program. For every new store opened, Starbucks funds the education of a girl, with ambitions to empower 1,200 girls by March 2025. In this festive season, the Seattle-based coffee giant will celebrate the culture of India by gifting presents to the community.

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High taxes hinder growth of India’s carbonated soft drinks market: ICRIER Report

By
M Haziq Pandit
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0
soft drinks
Soft Drinks

India’s carbonated soft drinks segment is falling short of its growth potential due to obstacles like high taxes under the GST regime, despite government initiatives such as ‘Make in India’ and ‘Aatmanirbhar Bharat,’ according to a report from the economic think tank ICRIER. World͏͏ Bank͏͏ data͏͏ reveals͏͏ that͏͏ India͏͏ has͏͏ one͏͏ of͏͏ the͏͏ highest͏͏ total͏͏ tax͏͏ rates͏͏ on͏͏ sugar-sweetened͏͏ beverages͏͏ (SSBs),͏͏ with͏͏ carbonated͏͏ soft͏͏ drinks͏͏ (CSDs)͏͏ facing͏͏ a͏͏ total͏͏ tax͏͏ rate͏͏ of͏͏ 40%͏͏ as͏͏ of͏͏ 2023.

Global͏͏ Comparison͏͏ Highlights͏͏ Tax͏͏ Disparities:

According͏͏ to͏͏ the͏͏ report͏͏ titled͏͏ ‘Carbonated͏͏ Beverages͏͏ Industry͏͏ in͏͏ India:͏͏ Tax͏͏ Policy͏͏ to͏͏ Promote͏͏ Growth,͏͏ Innovation͏͏ and͏͏ Investment’,͏͏ more͏͏ than͏͏ 90%͏͏ of͏͏ countries͏͏ that͏͏ impose͏͏ taxes͏͏ on͏͏ sugar-sweetened͏͏ beverages͏͏ (SSBs)͏͏ have͏͏ a͏͏ lower͏͏ tax͏͏ rate͏͏ than͏͏ India.

Consumers,͏͏ both͏͏ in͏͏ India͏͏ and͏͏ internationally,͏͏ are͏͏ increasingly͏͏ opting͏͏ for͏͏ low-sugar͏͏ and͏͏ no-added-sugar͏͏ beverage͏͏ options͏͏ due͏͏ to͏͏ rising͏͏ health͏͏ awareness.

The͏͏ report͏͏ noted,͏͏ “The͏͏ CSD͏͏ market͏͏ is͏͏ evolving͏͏ from͏͏ traditional͏͏ high-sugar͏͏ carbonated͏͏ beverages͏͏ to͏͏ low-sugar͏͏ and͏͏ fruit-flavoured͏͏ drinks,͏͏ as͏͏ well͏͏ as͏͏ zero-sugar͏͏ aerated͏͏ water,͏͏ reflecting͏͏ consumers’͏͏ shift͏͏ towards͏͏ healthier͏͏ choices͏͏ and͏͏ government͏͏ initiatives͏͏ like͏͏ layered-sugar-based͏͏ taxes.”

Continue͏͏ Exploring:͏͏ Over͏͏ 50%͏͏ of͏͏ Indian͏͏ households͏͏ consuming͏͏ soft drinks;͏͏ demand͏͏ set͏͏ to͏͏ surge͏͏ with͏͏ intensifying͏͏ heat:͏͏ Report

Producers͏͏ globally͏͏ are͏͏ reformulating͏͏ their͏͏ products͏͏ to͏͏ satisfy͏͏ consumer͏͏ demand,͏͏ aided͏͏ by͏͏ government͏͏ policies͏͏ and͏͏ a͏͏ range͏͏ of͏͏ fiscal͏͏ and͏͏ non-fiscal͏͏ incentives.͏͏ In͏͏ India,͏͏ manufacturers͏͏ are͏͏ likewise͏͏ reviewing͏͏ their͏͏ product͏͏ lines͏͏ and͏͏ launching͏͏ offerings͏͏ like͏͏ zero-calorie͏͏ and͏͏ low͏͏ or͏͏ no-sugar͏͏ options.

The͏͏ report͏͏ stated,͏͏ “However,͏͏ despite͏͏ government͏͏ initiatives͏͏ such͏͏ as͏͏ ‘Make͏͏ in͏͏ India‘͏͏ and͏͏ ‘Aatmanirbhar͏͏ Bharat’,͏͏ the͏͏ CSD͏͏ segment͏͏ is͏͏ struggling͏͏ to͏͏ achieve͏͏ its͏͏ growth͏͏ potential͏͏ in͏͏ scale͏͏ expansion͏͏ due͏͏ to͏͏ challenges͏͏ like͏͏ high͏͏ tax͏͏ rates͏͏ and͏͏ compensation͏͏ cess͏͏ under͏͏ the͏͏ GST͏͏ regime,͏͏ which͏͏ has͏͏ been͏͏ in͏͏ place͏͏ since͏͏ 2017.”

At͏͏ present,͏͏ carbonated͏͏ or͏͏ aerated͏͏ beverages͏͏ fall͏͏ under͏͏ the͏͏ highest͏͏ GST͏͏ slab͏͏ of͏͏ 28%,͏͏ along͏͏ with͏͏ a͏͏ compensation͏͏ cess͏͏ of͏͏ 12%,͏͏ regardless͏͏ of͏͏ their͏͏ sugar͏͏ or͏͏ fruit͏͏ content.

The͏͏ ICRIER͏͏ report͏͏ stated,͏͏ “The͏͏ 40%͏͏ tax,͏͏ regardless͏͏ of͏͏ sugar͏͏ content,͏͏ is͏͏ hindering͏͏ innovative͏͏ companies͏͏ from͏͏ developing͏͏ low-sugar͏͏ options͏͏ and͏͏ scaling͏͏ up,͏͏ while͏͏ also͏͏ discouraging͏͏ existing͏͏ firms͏͏ from͏͏ investing͏͏ in͏͏ product͏͏ reformulation.”

The͏͏ report,͏͏ referencing͏͏ cross-country͏͏ comparative͏͏ data͏͏ on͏͏ SSB͏͏ taxes͏͏ compiled͏͏ by͏͏ the͏͏ World͏͏ Bank,͏͏ highlighted͏͏ that͏͏ India͏͏ has͏͏ one͏͏ of͏͏ the͏͏ highest͏͏ total͏͏ tax͏͏ rates͏͏ for͏͏ carbonated͏͏ soft͏͏ drinks͏͏ (CSDs),͏͏ set͏͏ at͏͏ 40%͏͏ as͏͏ of͏͏ 2023.͏͏ Furthermore,͏͏ more͏͏ than͏͏ 90%͏͏ of͏͏ countries͏͏ imposing͏͏ taxes͏͏ on͏͏ SSBs͏͏ have͏͏ lower͏͏ rates͏͏ than͏͏ India.

India’s͏͏ Carbonated͏͏ Soft͏͏ Drinks͏͏͏ Market:͏͏ Room͏͏ for͏͏ Growth

The͏͏ Indian͏͏ carbonated͏͏ soft͏͏ drinks͏͏ (CSDs)͏͏ market͏͏ is͏͏ relatively͏͏ small,͏͏ generating͏͏ revenue͏͏ of͏͏ USD͏͏ 18.25͏͏ billion͏͏ in͏͏ 2022,͏͏ with͏͏ a͏͏ compound͏͏ annual͏͏ growth͏͏ rate͏͏ (CAGR)͏͏ of͏͏ 19.8%͏͏ from͏͏ 2017͏͏ to͏͏ 2022.

The͏͏ report͏͏ highlighted͏͏ that͏͏ India͏͏ is͏͏ one͏͏ of͏͏ the͏͏ largest͏͏ global͏͏ producers͏͏ of͏͏ fruits͏͏ such͏͏ as͏͏ mango,͏͏ banana,͏͏ guava,͏͏ papaya,͏͏ sapota,͏͏ pomegranate,͏͏ and͏͏ lime,͏͏ as͏͏ well͏͏ as͏͏ sugar,͏͏ which͏͏ are͏͏ often͏͏ used͏͏ in͏͏ the͏͏ CSD͏͏ category.͏͏ It͏͏ stated,͏͏ “There͏͏ is͏͏ potential͏͏ for͏͏ greater͏͏ utilisation͏͏ of͏͏ these͏͏ resources͏͏ if͏͏ appropriate͏͏ policies͏͏ are͏͏ implemented͏͏ to͏͏ promote͏͏ their͏͏ use͏͏ in͏͏ CSDs.”

However,͏͏ India͏͏ does͏͏ not͏͏ rank͏͏ among͏͏ the͏͏ leading͏͏ global͏͏ manufacturers͏͏ of͏͏ carbonated͏͏ soft͏͏ drinks͏͏ (CSDs),͏͏ and͏͏ the͏͏ country’s͏͏ CSD͏͏ product͏͏ processing͏͏ capacity͏͏ is͏͏ far͏͏ from͏͏ reaching͏͏ its͏͏ potential.͏͏ Furthermore,͏͏ the͏͏ variety͏͏ of͏͏ offerings͏͏ is͏͏ limited͏͏ compared͏͏ to͏͏ other͏͏ developing͏͏ nations͏͏ such͏͏ as͏͏ Thailand͏͏ and͏͏ the͏͏ Philippines.

As͏͏ a͏͏ result,͏͏ India͏͏ lags͏͏ behind͏͏ several͏͏ developing͏͏ nations͏͏ in͏͏ revenue͏͏ from͏͏ the͏͏ CSD͏͏ market.͏͏ This͏͏ shortfall͏͏ has͏͏ left͏͏ the͏͏ sector’s͏͏ potential͏͏ to͏͏ attract͏͏ investment͏͏ and͏͏ create͏͏ jobs—particularly͏͏ in͏͏ Tier͏͏ 2͏͏ and͏͏ Tier͏͏ 3͏͏ cities—largely͏͏ untapped.

“This͏͏ is͏͏ primarily͏͏ due͏͏ to͏͏ the͏͏ classification͏͏ of͏͏ this͏͏ sector͏͏ as͏͏ a͏͏ major͏͏ source͏͏ of͏͏ tax͏͏ revenue͏͏ by͏͏ states͏͏ through͏͏ state͏͏ excise,͏͏ and͏͏ now͏͏ by͏͏ the͏͏ Goods͏͏ and͏͏ Services͏͏ Tax͏͏ (GST)͏͏ Council,͏͏ which͏͏ has͏͏ imposed͏͏ high͏͏ taxes͏͏ and͏͏ cess͏͏ on͏͏ CSDs,”͏͏ the͏͏ report͏͏ stated.

Continue͏͏ Exploring:͏͏ Cola͏͏ price͏͏ war͏͏ intensifies͏͏ as͏͏ Reliance͏͏ expands͏͏ Campa͏͏ soft drinks at͏͏ disruptive͏͏ prices

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Amazon India records 25% surge in sales of home, kitchen, and outdoor items in Assam 

By
Ashutosh Dubey
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Amazon India, Kitchen, Home Decor
Amazon India records 25% surge in sales of home, kitchen, and outdoor items in Assam 

E-commerce platform Amazon India saw a 25% growth in sales of home, kitchen, and outdoor products in Assam, especially in capital city Guwahati, compared to last year.

According to India Retailing.com, KN Srikanth, director, home, kitchen and outdoors of Amazon India, released a statement citing growth, “As the festive season kicks off, we remain committed to offering our valued customers a wide selection of products, unparalleled convenience and exciting deals. In Guwahati we have seen a remarkable growth of 25 per cent YoY in our home, kitchen and outdoors business.”

Continue͏͏ Exploring:͏͏ Blinkit’s growth is not affecting kirana stores: Zomato CEO Deepinder Goyal

Home decor registers 35%, Furniture leaps at 50% in Guwahati

Srikant further stated that in Guwahati and Assam, Amazon registered a remarkable increase in home and kitchen sales. Home decor products shot up by 30% in Guwahati and 35% in Assam. Furniture sales leaped as much as 50%. Other kitchen essentials sales in the same proportion of 30% were recorded, with such convenient items as pressure cookers, gas stoves, and cooking pans compared to last year.

Furthermore, highlighting the significance of northeastern states, Srikant said that Amazon India aims to aid the local economy in Assam and other parts of the country. It would associate with small retailers and medium-sized businesses to bring new tools, technologies, and initiatives in entrepreneurship. This will surely make the local sellers empowered enough to grow and sustain in the e-commerce game. “We remain dedicated to supporting our brand partners and sellers while spreading joy to our customers in Assam and across the country,” He added.

Continue͏͏ Exploring:͏͏ Eco Hotels adds three more properties, targets profitability by next FY

Amazon India aims to promote local businesses globally

Looking ahead, Amazon will continue to support local producers by connecting them to a wider market. It has over 41 service partners, generating activity in 28 cities. Additionally, the online marketplace in the region serves through a delivery station. Alone in Assam, Amazon empowers more than 10,000 local sellers.

Notably, the online selling platform has developed a network of logistics in the North East through two fulfilment centres, one of which is newly launched in Guwahati. The company also operates a sortation centre and hundreds of delivery stations owned and operated by the firm in the region.

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Blinkit’s growth is not affecting kirana stores: Zomato CEO Deepinder Goyal

By
Ashutosh Dubey
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Zomato CEO Deepinder Goyal, Blinkit
Blinkit’s growth is not affecting kirana stores: Zomato CEO Deepinder Goyal

Deepinder Goyal, Zomato co-founder and chief executive stated that Blinkit‘s fast delivery doesn’t threaten local kirana stores; instead, it rivals online shopping and ecommerce websites.

Q Commerce Blinkit shares market with Amazon and Flipkart

During a recent event on Saturday, Deepinder said, “Blinkit is not really eating into the kiranas at all. It is not even affecting companies like Dmart. I think we’re more or less eating into the Amazons and the Flipkarts, the ecommerce sector, as well as the modern retail in the larger cities.”

Continue͏͏ Exploring:͏͏ Zomato’s Deepinder Goyal excluded from Shark Tank India as rival Swiggy takes sponsorship

Notably, Zomato’s quick commerce division, Blinkit, had a strong first quarter of FY25. It more than doubled its revenue to INR 942 crore, compared to INR 384 crore in the same period last year, and also saw 130% growth in the April-June quarter, reaching INR 4,923 crore in gross order value.

He further added, “I think the growth of quick commerce has been a surprise for us as well. We didn’t think it would grow this much.”

According to Blinkit’s quarterly report, the firm is growing without taking market share from small local stores or discount marts like Dmart. Instead, Albinder Dhindsa, chief executive of Blinkit, said that their success is driven by growing demand and a shift away from next-day online shopping and mid-range standalone retail stores in major cities.

Continue͏͏ Exploring:͏͏ Swiggy likely to have lower public market valuation than Zomato: Elara Capital

Furthermore, Dhindsa added, “The value-focused items available in these formats are hard to replicate in our business, especially in categories like staples, where price sensitivity is higher and we don’t have the ability to sell open stock-keeping units that brick and mortar can.”

India Q Commerce market expects to grow $22 billion by 2027

With a diverse range of products and rapid sales growth, quick delivery services are evolving into full-fledged online markets. BofA Securities expects the India quick commerce market will boom as it is slated to reach nearly $22 billion by 2027 from $2.8 billion in 2023 – a remarkable growth in just four years. Leading such companies are Zepto, based in Mumbai, and Instamart by Swiggy. Recently, Walmart-owned Flipkart, entered the competition with its quick delivery service, Minutes.

Meanwhile, Blinkit aims to triple its network, aiming for 2,000 delivery hubs, by the end of 2026.

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Eco Hotels adds three more properties, targets profitability by next FY

By
Ashutosh Dubey
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Eco Hotels
Eco Hotels adds three more properties, targets profitability by next FY

Eco Hotels and Resorts has acquired three more eco-friendly properties, taking the count to 178 rooms in the books of the company. The company is also on track to become profitable by the end of its next financial year.

Eco Hotels expands to Karnataka, Andhra and Maharashtra

Added to its portfolio are three properties, one of which is located in Mysore, Karnataka, and has 90 rooms, while the other two are located in Tirupati, Andhra Pradesh, and Nagpur, Maharashtra, and respectively count 44 rooms each. This makes up a total of 178 rooms added to the company’s books.

Continue͏͏ Exploring:͏͏ Andhra Pradesh Hotels Association to boycott food delivery apps from October 14

According to The Economic Times, Eco Hotels & Resorts CFO Vikram Doshi stated, “We are committed to turn the company into profit by the end of March 2026. We want to turn this company into one of the leading hotel companies of India.”

Furthermore, Eco Hotels is revolutionising eco-friendly hospitality in India, achieving remarkable success in its first year as per officials. It will now be developing hotels with zero carbon footprint as part of its sustainable hospitality play. The company will also be completing 400 rooms by the end of this month.

Company eyes to cross 400 rooms by October end

Notably, it took a giant leap with the board of directors agreeing to long-term leases in new properties. The company is almost finalising deals for purchasing hotels that are more rooms-60 in Shirdi, 72 in Jodhpur and 37 in Nagpur.

Continue͏͏ Exploring:͏͏ Underdoggs plans major expansion with 10 new outlets in 2024, eyes entry into global markets

As the Eco Hotels, an asset-light company focusing on the lease model, is rapidly expanding its presence. “Our present hotel capacity will cross 400 rooms by October end, and due diligence is on for a few properties across cities,” the company said. With ambitions to become a pan-India player, Eco Hotels is aggressively growing its network. “We would like to be a pan-India player. In that pursuit, we already have properties in Rajasthan, Kerala, Maharashtra, Gujarat, Karnataka, and Andhra Pradesh,” the company added.

Looking ahead, the company has also planned to expand around 500 hotel rooms in the next five years.

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Andhra Pradesh Hotels Association to boycott food delivery apps from October 14

By
M Haziq Pandit
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Food delivery

The Andhra Pradesh Hotels Association (APHA) has announced a statewide boycott of food delivery apps starting on October 14. This͏͏ decision͏͏ is͏͏ a͏͏ response͏͏ to͏͏ what͏͏ they͏͏ describe͏͏ as͏͏ unethical͏͏ business͏͏ practices͏͏ that͏͏ are͏͏ significantly͏͏ impacting͏͏ the͏͏ restaurant͏͏ industry.͏͏ It͏͏ follows͏͏ unsuccessful͏͏ negotiations͏͏ between͏͏ the͏͏ association͏͏ and͏͏ food͏͏ delivery͏͏ platforms͏͏ over͏͏ various͏͏ longstanding͏͏ issues͏͏ affecting͏͏ restaurant͏͏ owners.

Allegations͏͏ of͏͏ Misleading͏͏ Discounts:

APHA͏͏ has͏͏ alleged͏͏ that͏͏ a͏͏ food͏͏ delivery͏͏ platform͏͏ implements͏͏ steep͏͏ discounts͏͏ without͏͏ consent,͏͏ misleading͏͏ customers͏͏ into͏͏ thinking͏͏ these͏͏ offers͏͏ originate͏͏ from͏͏ the͏͏ restaurants.͏͏ These͏͏ discounts,͏͏ ranging͏͏ from͏͏ INR͏͏ 125͏͏ to͏͏ INR͏͏ 175,͏͏ have͏͏ resulted͏͏ in͏͏ substantial͏͏ revenue͏͏ losses͏͏ for͏͏ restaurants.͏͏ Additionally,͏͏ the͏͏ food͏͏ delivery͏͏ platforms͏͏ are͏͏ said͏͏ to͏͏ have͏͏ changed͏͏ menu͏͏ items͏͏ and͏͏ prices͏͏ without͏͏ restaurant͏͏ management’s͏͏ approval͏͏ and͏͏ introduced͏͏ deals͏͏ like͏͏ ‘buy͏͏ one͏͏ get͏͏ one͏͏ free,’͏͏ further͏͏ eroding͏͏ restaurant͏͏ profits.

Continue͏͏ Exploring:͏͏ Ordering͏͏ via͏͏ food delivery aggregators͏͏ costs͏͏ INR͏͏ 9,000-11,000͏͏ Cr͏͏ annually:͏͏ Report

According͏͏ to͏͏ a͏͏ press͏͏ release͏͏ from͏͏ APHA,͏͏ when͏͏ customers͏͏ cancel͏͏ orders͏͏ after͏͏ they͏͏ have͏͏ been͏͏ prepared,͏͏ the͏͏ apps͏͏ impose͏͏ strict͏͏ refund͏͏ policies͏͏ that͏͏ leave͏͏ restaurants͏͏ bearing͏͏ both͏͏ the͏͏ cost͏͏ of͏͏ the͏͏ food͏͏ and͏͏ the͏͏ loss͏͏ of͏͏ revenue.͏͏ Additionally,͏͏ restaurant͏͏ owners͏͏ face͏͏ exorbitant͏͏ promotional͏͏ fees.

Continue͏͏ Exploring:͏͏ Online͏͏ food delivery market͏͏ to͏͏ grow͏͏ 18%͏͏ YoY,͏͏ expected͏͏ to͏͏ reach͏͏ INR͏͏ 2͏͏ Lakh͏͏ Cr͏͏ by͏͏ 2030:͏͏ Bain-Swiggy͏͏ Report

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Tata’s Trent launches Zudio Beauty to compete in mass-priced beauty segment

By
M Haziq Pandit
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0
Tata's Trent Zudio Beauty

In a strategic move to expand its retail offerings, Noel Tata-led Trent has launched a new standalone store format, Zudio Beauty, aimed at competing in the mass-priced beauty segment with͏͏ brands͏͏ such͏͏ as͏͏ Hindustan͏͏ Unilever‘s͏͏ Elle18,͏͏ Sugar͏͏ Cosmetics,͏͏ Health͏͏ &͏͏ Glow,͏͏ and͏͏ Colorbar.

Expansion͏͏ Strategy͏͏ Targets͏͏ Affordable͏͏ Beauty Market:

“The͏͏ new͏͏ concept͏͏ store͏͏ is͏͏ part͏͏ of͏͏ our͏͏ strategy͏͏ to͏͏ penetrate͏͏ the͏͏ affordable͏͏ beauty͏͏ segment,͏͏ especially͏͏ as͏͏ competitors͏͏ like͏͏ Reliance,͏͏ Nykaa,͏͏ and͏͏ Shoppers͏͏ Stop͏͏ are͏͏ concentrating͏͏ on͏͏ premium͏͏ and͏͏ luxury͏͏ categories,”͏͏ said͏͏ two͏͏ executives͏͏ familiar͏͏ with͏͏ the͏͏ development.͏͏ They͏͏ also͏͏ mentioned͏͏ that͏͏ the͏͏ first͏͏ store͏͏ has͏͏ opened͏͏ in͏͏ Bengaluru,͏͏ with͏͏ Trent͏͏ planning͏͏ to͏͏ launch͏͏ additional͏͏ outlets͏͏ in͏͏ major͏͏ cities,͏͏ including͏͏ Gurugram,͏͏ Pune,͏͏ and͏͏ Hyderabad.

Tata,͏͏ the͏͏ founder͏͏ of͏͏ India’s͏͏ first͏͏ beauty͏͏ brand͏͏ Lakme,͏͏ which͏͏ was͏͏ later͏͏ sold͏͏ to͏͏ HUL,͏͏ is͏͏ already͏͏ involved͏͏ in͏͏ the͏͏ beauty͏͏ segment͏͏ with͏͏ its͏͏ high-end͏͏ cosmetics͏͏ store͏͏ format,͏͏ Tata͏͏ Cliq͏͏ Palette.

Zudio’s͏͏ Rapid͏͏ Growth͏͏ Outpaces͏͏ Competitors:

Zudio͏͏ has͏͏ become͏͏ a͏͏ significant͏͏ success͏͏ for͏͏ the͏͏ company͏͏ and͏͏ is͏͏ now͏͏ one͏͏ of͏͏ the͏͏ largest͏͏ apparel͏͏ brands͏͏ in͏͏ the͏͏ country.͏͏ Since͏͏ its͏͏ launch͏͏ in͏͏ FY17͏͏ as͏͏ part͏͏ of͏͏ Star͏͏ stores,͏͏ Zudio͏͏ has͏͏ seen͏͏ considerable͏͏ growth,͏͏ bolstered͏͏ by͏͏ an͏͏ exclusive͏͏ design͏͏ portfolio͏͏ and͏͏ a͏͏ low͏͏ gross͏͏ margin͏͏ of͏͏ 35-40%.͏͏ This͏͏ strategy͏͏ has͏͏ allowed͏͏ the͏͏ company͏͏ to͏͏ achieve͏͏ high͏͏ store͏͏ productivity,͏͏ generating͏͏ revenue͏͏ of͏͏ INR͏͏ 16,300͏͏ per͏͏ sq͏͏ ft—twice͏͏ the͏͏ industry͏͏ average.

Established͏͏ as͏͏ a͏͏ separate͏͏ format͏͏ from͏͏ Star͏͏ Bazaar͏͏ in͏͏ FY18,͏͏ Zudio͏͏ now͏͏ contributes͏͏ over͏͏ a͏͏ third͏͏ of͏͏ Trent’s͏͏ total͏͏ revenue,͏͏ up͏͏ from͏͏ just͏͏ 8%͏͏ a͏͏ few͏͏ years͏͏ ago.͏͏ It͏͏ has͏͏ become͏͏ the͏͏ fastest-growing͏͏ format͏͏ for͏͏ Trent,͏͏ surpassing͏͏ Westside͏͏ in͏͏ store͏͏ count͏͏ in͏͏ FY22͏͏ and͏͏ in͏͏ revenue͏͏ in͏͏ FY24.͏͏ As͏͏ of͏͏ June͏͏ this͏͏ year,͏͏ the͏͏ company͏͏ operated͏͏ 228͏͏ Westside͏͏ stores,͏͏ 559͏͏ Zudio͏͏ stores,͏͏ and͏͏ 36͏͏ stores͏͏ across͏͏ other͏͏ lifestyle͏͏ concepts.

Continue͏͏ Exploring:͏͏ Tata’s͏͏ affordable͏͏ fashion͏͏ label͏͏ Zudio outpaces͏͏ Westside,͏͏ surging͏͏ ahead͏͏ with͏͏ record͏͏ expansion͏͏ and͏͏ sales͏͏ in͏͏ FY24

Despite͏͏ several͏͏ retailers͏͏ operating͏͏ in͏͏ the͏͏ value͏͏ retailing͏͏ segment͏͏ for͏͏ over͏͏ a͏͏ decade,͏͏ Zudio͏͏ has͏͏ outperformed͏͏ most͏͏ existing͏͏ players͏͏ in͏͏ both͏͏ revenue͏͏ and͏͏ store͏͏ count.͏͏ Analysts͏͏ anticipate͏͏ a͏͏ similar͏͏ trend͏͏ in͏͏ the͏͏ beauty͏͏ sector͏͏ as͏͏ well.

“This͏͏ marks͏͏ another͏͏ disruptive͏͏ initiative͏͏ by͏͏ Trent͏͏ after͏͏ its͏͏ success͏͏ in͏͏ the͏͏ value͏͏ apparel͏͏ segment,͏͏ and͏͏ it͏͏ has͏͏ the͏͏ potential͏͏ to͏͏ succeed͏͏ if͏͏ consumers͏͏ appreciate͏͏ the͏͏ quality,”͏͏ stated͏͏ Abneesh͏͏ Roy,͏͏ executive͏͏ director͏͏ at͏͏ Nuvama.͏͏ “The͏͏ competition͏͏ in͏͏ this͏͏ space͏͏ is͏͏ primarily͏͏ similar͏͏ to͏͏ Nykaa,͏͏ which͏͏ could͏͏ negatively͏͏ impact͏͏ them͏͏ and͏͏ other͏͏ fast-moving͏͏ consumer͏͏ goods͏͏ brands.”

India:͏͏ A͏͏ Key͏͏ Growth͏͏ Market͏͏ for͏͏ Global͏͏ Cosmetics

This͏͏ year,͏͏ L’Oreal͏͏ SA͏͏ and͏͏ Shiseido,͏͏ two͏͏ of͏͏ the͏͏ world’s͏͏ largest͏͏ cosmetics͏͏ companies,͏͏ stated͏͏ that͏͏ India͏͏ is͏͏ rapidly͏͏ emerging͏͏ as͏͏ a͏͏ key͏͏ growth͏͏ driver͏͏ for͏͏ them,͏͏ driven͏͏ by͏͏ its͏͏ growing͏͏ population͏͏ and͏͏ people’s͏͏ increasing͏͏ interest͏͏ in͏͏ beauty͏͏ products.

Continue͏͏ Exploring:͏͏ India’s͏͏ beauty͏͏ market͏͏ booms:͏͏ L’Oreal͏͏ and͏͏ Shiseido͏͏ set͏͏ sights͏͏ on͏͏ rapid͏͏ expansion͏͏ amid͏͏ growing͏͏ consumer͏͏ demand

L’Oreal͏͏ noted͏͏ that͏͏ India͏͏ is͏͏ already͏͏ its͏͏ fifth-largest͏͏ market͏͏ in͏͏ the͏͏ professional͏͏ products͏͏ division,͏͏ which͏͏ primarily͏͏ sells͏͏ products͏͏ to͏͏ salons.͏͏ Last͏͏ year,͏͏ Shoppers͏͏ Stop͏͏ collaborated͏͏ with͏͏ the͏͏ Japanese͏͏ firm͏͏ Shiseido͏͏ to͏͏ introduce͏͏ its͏͏ premium͏͏ beauty͏͏ brand,͏͏ Nars͏͏ Cosmetics,͏͏ to͏͏ India.

Market͏͏ Dynamics͏͏ Favor͏͏ Focused͏͏ Beauty͏͏ Brands:

Currently,͏͏ focused͏͏ beauty͏͏ brands͏͏ like͏͏ L’Oreal,͏͏ Mama͏͏ Earth,͏͏ Nivea,͏͏ and͏͏ Nykaa͏͏ hold͏͏ a͏͏ 33%͏͏ share͏͏ of͏͏ the͏͏ market͏͏ and͏͏ are͏͏ expected͏͏ to͏͏ grow͏͏ to͏͏ 42%͏͏ in͏͏ the͏͏ next͏͏ five͏͏ years.͏͏ In͏͏ contrast,͏͏ established͏͏ companies͏͏ such͏͏ as͏͏ HUL͏͏ and͏͏ Procter͏͏ &͏͏ Gamble,͏͏ which͏͏ currently͏͏ account͏͏ for͏͏ two-thirds͏͏ of͏͏ the͏͏ market,͏͏ are͏͏ projected͏͏ to͏͏ see͏͏ their͏͏ shares͏͏ decline͏͏ by͏͏ 900͏͏ basis͏͏ points͏͏ to͏͏ 58%͏͏ by͏͏ 2027,͏͏ according͏͏ to͏͏ a͏͏ joint͏͏ report͏͏ by͏͏ Redseer͏͏ Strategy͏͏ Consultants͏͏ and͏͏ Peak͏͏ XV.

“On͏͏ the͏͏ surface,͏͏ Zudio’s͏͏ existing͏͏ store͏͏ count͏͏ of͏͏ over͏͏ 550͏͏ may͏͏ suggest͏͏ that͏͏ the͏͏ rate͏͏ of͏͏ new͏͏ openings͏͏ could͏͏ slow,͏͏ making͏͏ it͏͏ difficult͏͏ to͏͏ achieve͏͏ the͏͏ target͏͏ of͏͏ 2,000͏͏ stores.͏͏ However,͏͏ our͏͏ analysis͏͏ reveals͏͏ that͏͏ there͏͏ is͏͏ substantial͏͏ room͏͏ for͏͏ Zudio’s͏͏ expansion,”͏͏ according͏͏ to͏͏ a͏͏ report͏͏ by͏͏ Citi͏͏ Research.

Continue͏͏ Exploring:͏͏ Tata Group’s͏͏ Zudio goes͏͏ global͏͏ with͏͏ first͏͏ international͏͏ store͏͏ opening͏͏ in͏͏ Dubai

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Amul set to enter European market following success in the US: MD Jayen Mehta

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M Haziq Pandit
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Jayen Mehta Amul

Amul‘s recently launched milk in the US has been “highly successful,” according to Jayen Mehta, Managing Director of AMUL and the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF). He also revealed plans to enter the European market, marking a historic milestone for the brand.

Continue͏͏ Exploring:͏͏ After͏͏ US͏͏ debut,͏͏ Amul to͏͏ launch͏͏ fresh͏͏ milk͏͏ in͏͏ Canada

India͏͏ to͏͏ Lead͏͏ Global͏͏ Milk͏͏ Output:

Speaking͏͏ at͏͏ the͏͏ 11th͏͏ Dr͏͏ Verghese͏͏ Kurien͏͏ Memorial͏͏ Oration͏͏ on͏͏ “AMUL͏͏ Model:͏͏ Transforming͏͏ Lives͏͏ of͏͏ Millions,”͏͏ organised͏͏ by͏͏ a͏͏ private͏͏ business͏͏ management͏͏ institute͏͏ on͏͏ Saturday,͏͏ Mehta͏͏ highlighted͏͏ that͏͏ “India͏͏ is͏͏ now͏͏ the͏͏ largest͏͏ milk͏͏ producer͏͏ in͏͏ the͏͏ world͏͏ and͏͏ is͏͏ set͏͏ to͏͏ produce͏͏ one-third͏͏ of͏͏ the͏͏ world’s͏͏ total͏͏ milk͏͏ in͏͏ the͏͏ coming͏͏ years,”͏͏ according͏͏ to͏͏ a͏͏ statement͏͏ from͏͏ XLRI.

“Dairy͏͏ is͏͏ more͏͏ than͏͏ just͏͏ a͏͏ business;͏͏ it’s͏͏ a͏͏ lifeline͏͏ for͏͏ rural͏͏ India,”͏͏ he͏͏ stated.

Discussing͏͏ Amul’s͏͏ recent͏͏ milk͏͏ launch͏͏ in͏͏ the͏͏ US,͏͏ Mehta͏͏ stated͏͏ it͏͏ has͏͏ been͏͏ “highly͏͏ successful,”͏͏ and͏͏ the͏͏ company͏͏ is͏͏ now͏͏ prepared͏͏ to͏͏ enter͏͏ the͏͏ European͏͏ market͏͏ for͏͏ the͏͏ first͏͏ time.

Focus͏͏ on͏͏ Organic͏͏ and͏͏ Protein-Rich͏͏ Products:

To͏͏ remain͏͏ relevant,͏͏ Amul͏͏ prioritises͏͏ offering͏͏ protein-rich,͏͏ organic,͏͏ and͏͏ chemical-free͏͏ products͏͏ that͏͏ customers͏͏ trust,͏͏ while͏͏ continually͏͏ expanding͏͏ its͏͏ capacity͏͏ and͏͏ infrastructure,͏͏ he͏͏ noted,͏͏ commending͏͏ the͏͏ ecosystem͏͏ established͏͏ by͏͏ Dr.͏͏ Kurien,͏͏ the͏͏ founder͏͏ of͏͏ AMUL.

Continue͏͏ Exploring:͏͏ Amul launches͏͏ ‘Organic͏͏ Shoppe’͏͏ in͏͏ Delhi,͏͏ targets͏͏ nationwide͏͏ expansion͏͏ with͏͏ 100͏͏ stores

Mehta͏͏ stated,͏͏ “If͏͏ India͏͏ could͏͏ present͏͏ a͏͏ gift͏͏ to͏͏ the͏͏ world,͏͏ it͏͏ would͏͏ be͏͏ the͏͏ cooperative͏͏ working͏͏ system—a͏͏ gift͏͏ from͏͏ Dr.͏͏ Kurien.͏͏ His͏͏ belief͏͏ in͏͏ cooperation͏͏ has͏͏ ignited͏͏ a͏͏ new͏͏ revolution͏͏ in͏͏ India.”

Amul͏͏ collects͏͏ over͏͏ 310͏͏ lakh͏͏ litres͏͏ of͏͏ milk͏͏ each͏͏ day,͏͏ operating͏͏ 107͏͏ dairy͏͏ plants͏͏ across͏͏ India͏͏ and͏͏ offering͏͏ more͏͏ than͏͏ 50͏͏ products,͏͏ Mehta͏͏ mentioned,͏͏ adding͏͏ that͏͏ the͏͏ company͏͏ sells͏͏ 22͏͏ billion͏͏ packs͏͏ annually.

Amul͏͏ has͏͏ a͏͏ turnover͏͏ of͏͏ INR͏͏ 80,000͏͏ crore͏͏ and͏͏ is͏͏ now͏͏ ranked͏͏ as͏͏ the͏͏ world’s͏͏ strongest͏͏ dairy͏͏ and͏͏ food͏͏ brand,͏͏ owned͏͏ by͏͏ 36͏͏ lakh͏͏ farmers,͏͏ he͏͏ claimed.

Continue͏͏ Exploring:͏͏ Amul named͏͏ strongest͏͏ global͏͏ food͏͏ and͏͏ dairy͏͏ brand͏͏ in͏͏ Brand͏͏ Finance͏͏ Food͏͏ &͏͏ Drink͏͏ 2024͏͏ Report

Addressing͏͏ the͏͏ gathering,͏͏ Nirmala͏͏ Kurien,͏͏ daughter͏͏ of͏͏ Dr.͏͏ Verghese͏͏ Kurien,͏͏ remarked͏͏ that͏͏ over͏͏ half͏͏ a͏͏ century͏͏ ago,͏͏ her͏͏ father͏͏ envisioned͏͏ a͏͏ future͏͏ where͏͏ a͏͏ milk-deficient͏͏ country͏͏ could͏͏ achieve͏͏ self-sufficiency.͏͏ Today,͏͏ India͏͏ is͏͏ the͏͏ world’s͏͏ largest͏͏ producer͏͏ of͏͏ milk,͏͏ she͏͏ added.

Fr.͏͏ S.͏͏ George,͏͏ Director͏͏ of͏͏ XLRI͏͏ Jamshedpur,͏͏ stated͏͏ that͏͏ Dr.͏͏ Verghese͏͏ Kurien’s͏͏ life͏͏ was͏͏ marked͏͏ by͏͏ a͏͏ dedication͏͏ to͏͏ making͏͏ a͏͏ difference.

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