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Mondelez partners with Accenture and Publicis to revolutionise marketing with Generative AI

Mondelez

Mondelez International plans to collaborate with Accenture and Publicis to enhance its use of generative AI in marketing.

New͏͏ Platform͏͏ for͏͏ Personalisation:

The͏͏ US-based͏͏ snacks͏͏ giant͏͏ announced͏͏ it͏͏ will͏͏ establish͏͏ a͏͏ new͏͏ “platform”͏͏ to͏͏ generate͏͏ “personalised”͏͏ text,͏͏ images,͏͏ and͏͏ videos͏͏ more͏͏ rapidly͏͏ and͏͏ efficiently.

AI͏͏ is͏͏ now͏͏ embedded͏͏ in͏͏ food͏͏ supply͏͏ chains͏͏ globally,͏͏ and͏͏ as͏͏ the͏͏ technology͏͏ advances͏͏ in͏͏ human͏͏ interaction,͏͏ it͏͏ is͏͏ increasingly͏͏ being͏͏ integrated͏͏ into͏͏ businesses’͏͏ marketing͏͏ and͏͏ communication͏͏ strategies.

Shared͏͏ Vision͏͏ for͏͏ Consumer͏͏ Engagement:

Mondelez,͏͏ which͏͏ owns͏͏ brands͏͏ like͏͏ Cadbury͏͏ and͏͏ Oreo,͏͏ stated͏͏ that͏͏ the͏͏ three͏͏ companies͏͏ share͏͏ a͏͏ “vision͏͏ of͏͏ redefining͏͏ consumer͏͏ goods͏͏ marketing.”

Jon͏͏ Halvorson,͏͏ Mondelez’s͏͏ SVP͏͏ for͏͏ global͏͏ consumer͏͏ experiences͏͏ and͏͏ digital͏͏ commerce,͏͏ remarked,͏͏ “Leveraging͏͏ the͏͏ power͏͏ of͏͏ generative͏͏ AI͏͏ will͏͏ enable͏͏ our͏͏ team͏͏ to͏͏ take͏͏ a͏͏ proactive͏͏ role͏͏ in͏͏ how͏͏ our͏͏ brands͏͏ are͏͏ presented͏͏ in͏͏ the͏͏ market.͏͏ This͏͏ approach͏͏ creates͏͏ real͏͏ value͏͏ for͏͏ the͏͏ business͏͏ by͏͏ generating,͏͏ personalising,͏͏ and͏͏ distributing͏͏ timely͏͏ creative͏͏ content͏͏ efficiently͏͏ while͏͏ ensuring͏͏ safety,͏͏ security,͏͏ and͏͏ brand͏͏ integrity.”

In͏͏ a͏͏ LinkedIn͏͏ post,͏͏ Dirk͏͏ Van͏͏ de͏͏ Put͏͏ described͏͏ the͏͏ partnership͏͏ with͏͏ Accenture͏͏ and͏͏ Publicis͏͏ as͏͏ “an͏͏ exciting͏͏ step͏͏ forward͏͏ in͏͏ our͏͏ AI͏͏ and͏͏ generative͏͏ AI͏͏ capabilities.”

He͏͏ added,͏͏ “Creating͏͏ customised͏͏ content—using͏͏ high-quality͏͏ images͏͏ combined͏͏ with͏͏ the͏͏ perfect͏͏ wording—usually͏͏ took͏͏ weeks.͏͏ Soon,͏͏ we’ll͏͏ be͏͏ able͏͏ to͏͏ accomplish͏͏ this͏͏ in͏͏ just͏͏ a͏͏ few͏͏ hours͏͏ by͏͏ leveraging͏͏ years͏͏ of͏͏ marketing͏͏ performance͏͏ data͏͏ and͏͏ insights͏͏ to͏͏ enable͏͏ our͏͏ creative͏͏ teams͏͏ to͏͏ make͏͏ smarter,͏͏ data-driven͏͏ decisions.”

Continue͏͏ Exploring:͏͏ Arla͏͏ Foods͏͏ teams͏͏ up͏͏ with͏͏ Mondelez to͏͏ launch͏͏ Milka͏͏ Chocolate͏͏ Milk͏͏ in͏͏ three͏͏ countries

Targeted͏͏ Marketing͏͏ Efficiency:

Citing͏͏ examples͏͏ such͏͏ as͏͏ “a͏͏ mum͏͏ planning͏͏ school͏͏ lunches͏͏ and͏͏ a͏͏ family͏͏ shopping͏͏ for͏͏ a͏͏ Halloween͏͏ party,”͏͏ Van͏͏ de͏͏ Put͏͏ stated͏͏ that͏͏ Mondelez͏͏ would͏͏ be͏͏ able͏͏ to͏͏ “reach͏͏ consumers͏͏ more͏͏ efficiently͏͏ with͏͏ the͏͏ most͏͏ relevant͏͏ products,͏͏ flavours,͏͏ and͏͏ formats͏͏ at͏͏ the͏͏ right͏͏ time͏͏ and͏͏ in͏͏ the͏͏ right͏͏ context.”

Laura͏͏ Petrone,͏͏ principal͏͏ analyst͏͏ for͏͏ thematic͏͏ research͏͏ at͏͏ GlobalData,͏͏ stated͏͏ that͏͏ this͏͏ initiative͏͏ would͏͏ enable͏͏ Mondelez͏͏ to͏͏ produce͏͏ “on-brand͏͏ content͏͏ at͏͏ scale.”

She͏͏ added,͏͏ “This͏͏ is͏͏ a͏͏ prime͏͏ example͏͏ of͏͏ generative͏͏ AI͏͏ being͏͏ utilised͏͏ in͏͏ the͏͏ media͏͏ and͏͏ advertising͏͏ industry͏͏ to͏͏ create͏͏ more͏͏ diverse,͏͏ personalised͏͏ content͏͏ that͏͏ resonates͏͏ with͏͏ wide͏͏ audiences͏͏ while͏͏ ensuring͏͏ brand͏͏ safety.”

“Brands͏͏ encounter͏͏ the͏͏ challenge͏͏ of͏͏ producing͏͏ marketing͏͏ content͏͏ that͏͏ feels͏͏ authentic͏͏ and͏͏ aligns͏͏ with͏͏ their͏͏ identity.͏͏ Additionally,͏͏ businesses͏͏ aim͏͏ to͏͏ manage͏͏ costs͏͏ while͏͏ facing͏͏ stricter͏͏ regulations͏͏ on͏͏ the͏͏ use͏͏ of͏͏ personal͏͏ data͏͏ for͏͏ marketing.͏͏ In͏͏ this͏͏ context,͏͏ AI͏͏ can͏͏ serve͏͏ as͏͏ a͏͏ valuable͏͏ tool͏͏ for͏͏ enhancing͏͏ efficiency͏͏ and͏͏ developing͏͏ more͏͏ sophisticated͏͏ marketing͏͏ campaigns.”

Continue͏͏ Exploring:͏͏ Mondelez launches͏͏ first-ever͏͏ gluten-free͏͏ Chips͏͏ Ahoy!͏͏ cookie

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C4 Energy parent Nutrabolt partners with Hershey to launch new product line

C4 Energy Nutrabolt

Nutrabolt, the owner of C4 Energy, has partnered with The Hershey Company to introduce a new line of products featuring beloved Hershey flavours.

New͏͏ Flavours͏͏ Launching͏͏ This͏͏ Autumn:

The͏͏ partnership͏͏ will͏͏ bring͏͏ Hershey’s͏͏ confections͏͏ into͏͏ the͏͏ energy͏͏ drink,͏͏ pre-workout,͏͏ and͏͏ protein͏͏ powder͏͏ categories,͏͏ with͏͏ new͏͏ flavours͏͏ set͏͏ to͏͏ launch͏͏ this͏͏ autumn͏͏ and͏͏ more͏͏ products͏͏ anticipated͏͏ for͏͏ 2025.

Continue͏͏ Exploring:͏͏ Nutra͏͏ Prep͏͏ partners͏͏ with͏͏ Nutrabolt to͏͏ bring͏͏ highly͏͏ acclaimed͏͏ ‘C4’͏͏ and͏͏ ‘Xtend’͏͏ brands͏͏ to͏͏ India’s͏͏ retail͏͏ market

Upcoming͏͏ Release:͏͏ C4 Whey͏͏ Protein͏͏ Powders

The͏͏ first͏͏ offerings,͏͏ available͏͏ starting͏͏ this͏͏ month,͏͏ include͏͏ C4͏͏ Original͏͏ x͏͏ Bubble͏͏ Yum͏͏ pre-workout͏͏ and͏͏ C4͏͏ Performance͏͏ Energy͏͏ x͏͏ Jolly͏͏ Rancher͏͏ energy͏͏ drinks͏͏ in͏͏ flavours͏͏ like͏͏ blue͏͏ raspberry,͏͏ green͏͏ apple,͏͏ and͏͏ watermelon.͏͏ In͏͏ October,͏͏ C4͏͏ Whey͏͏ Protein͏͏ powders͏͏ will͏͏ be͏͏ introduced͏͏ in͏͏ vanilla͏͏ bean,͏͏ Hershey’s͏͏ milk͏͏ chocolate,͏͏ and͏͏ Reese’s͏͏ peanut͏͏ butter͏͏ flavours.

Doss͏͏ Cunningham,͏͏ chairman͏͏ and͏͏ CEO͏͏ of͏͏ Nutrabolt,͏͏ stated:͏͏ “At͏͏ Nutrabolt,͏͏ we͏͏ focus͏͏ on͏͏ understanding͏͏ our͏͏ customers͏͏ and͏͏ cherish͏͏ our͏͏ strategic͏͏ partnerships.͏͏ For͏͏ years,͏͏ consumers͏͏ have͏͏ been͏͏ blending͏͏ their͏͏ own͏͏ peanut͏͏ butter͏͏ and͏͏ chocolate͏͏ protein͏͏ shakes,͏͏ and͏͏ we’ve͏͏ often͏͏ received͏͏ requests͏͏ for͏͏ a͏͏ Jolly͏͏ Rancher-flavoured͏͏ C4.͏͏ After͏͏ thorough͏͏ testing,͏͏ we͏͏ are͏͏ excited͏͏ to͏͏ finally͏͏ introduce͏͏ these͏͏ products͏͏ to͏͏ the͏͏ market.”

Andy͏͏ Paladino,͏͏ director͏͏ of͏͏ global͏͏ licensing͏͏ at͏͏ The͏͏ Hershey͏͏ Licensing͏͏ Company,͏͏ remarked:͏͏ “We͏͏ are͏͏ always͏͏ looking͏͏ for͏͏ innovative͏͏ ways͏͏ to͏͏ present͏͏ our͏͏ beloved͏͏ Hershey͏͏ candy͏͏ and͏͏ chocolate͏͏ treats͏͏ in͏͏ new͏͏ formats.͏͏ These͏͏ beverages͏͏ and͏͏ powders͏͏ enhance͏͏ the͏͏ performance͏͏ category͏͏ for͏͏ athletes͏͏ and͏͏ fitness͏͏ enthusiasts,͏͏ helping͏͏ them͏͏ reach͏͏ their͏͏ peak,͏͏ and͏͏ we͏͏ are͏͏ excited͏͏ to͏͏ collaborate͏͏ with͏͏ C4͏͏ to͏͏ bring͏͏ this͏͏ lineup͏͏ to͏͏ life.”

C4͏͏ Performance͏͏ Energy͏͏ drinks͏͏ are͏͏ formulated͏͏ with͏͏ CarnoSyn͏͏ Beta-Alanine,͏͏ BetaPower,͏͏ and͏͏ 200mg͏͏ of͏͏ caffeine͏͏ to͏͏ boost͏͏ performance.͏͏ The͏͏ C4͏͏ Original͏͏ x͏͏ Bubble͏͏ Yum͏͏ pre-workout͏͏ will͏͏ be͏͏ a͏͏ limited-edition͏͏ offering,͏͏ featuring͏͏ ingredients͏͏ that͏͏ support͏͏ energy,͏͏ endurance,͏͏ and͏͏ focus,͏͏ along͏͏ with͏͏ AI-powered͏͏ peptides.

Continue͏͏ Exploring:͏͏ Alpino͏͏ Health͏͏ Food͏͏ launches͏͏ 100%͏͏ peanut-based͏͏ protein͏͏ powder͏͏ in͏͏ India

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Maharaja Drinks launches in London, bringing authentic Indian beverages to the UK market

Maharaja Drinks

A new venture has been established in London, dedicated to offering a variety of Indian-made drinks, including wines, beers, teas, and coffees. Founded last year by a group of friends, Maharaja Drinks seeks to introduce authentic Indian beverages to the UK market by͏͏ sourcing͏͏ them͏͏ directly͏͏ from͏͏ India.

The͏͏ company͏͏ advocates͏͏ for͏͏ organic͏͏ certification,͏͏ sustainable͏͏ production,͏͏ and͏͏ eco-friendly͏͏ packaging͏͏ and͏͏ transportation͏͏ methods.͏͏ “Our͏͏ mission͏͏ is͏͏ to͏͏ change͏͏ how͏͏ UK͏͏ drinks͏͏ enthusiasts͏͏ perceive͏͏ India͏͏ and͏͏ its͏͏ diverse͏͏ selection͏͏ of͏͏ crafted͏͏ beverages,”͏͏ said͏͏ Ipe Jacob,͏͏ co-founder͏͏ of͏͏ Maharaja͏͏ Drinks.

Maharaja Drinks Targets͏͏ Diverse͏͏ Consumer͏͏ Segments:

Jacob͏͏ noted͏͏ that͏͏ while͏͏ they͏͏ anticipate͏͏ interest͏͏ from͏͏ UK-born͏͏ Indians,͏͏ they͏͏ also͏͏ intend͏͏ to͏͏ appeal͏͏ to͏͏ younger͏͏ generations,͏͏ including͏͏ Gen͏͏ Z͏͏ and͏͏ millennials,͏͏ with͏͏ their͏͏ premium͏͏ offerings,͏͏ which͏͏ feature͏͏ healthy͏͏ drinks͏͏ and͏͏ lower-alcohol͏͏ options.

Continue͏͏ Exploring:͏͏ One-third͏͏ of͏͏ the͏͏ world’s͏͏ fastest-growing͏͏ spirits͏͏ brands͏͏ are͏͏ Indian:͏͏ Report

A͏͏ Curated͏͏ Selection͏͏ of͏͏ Premium͏͏ Indian͏͏ Products:

Maharaja͏͏ Drinks͏͏ Emporium͏͏ Ltd,͏͏ registered͏͏ in͏͏ the͏͏ UK,͏͏ highlighted͏͏ that͏͏ India͏͏ ranks͏͏ as͏͏ the͏͏ third-largest͏͏ market͏͏ for͏͏ alcoholic͏͏ beverages͏͏ worldwide,͏͏ with͏͏ domestic͏͏ growth͏͏ fueling͏͏ new͏͏ exports͏͏ over͏͏ the͏͏ past͏͏ five͏͏ years.͏͏ The͏͏ company͏͏ will͏͏ provide͏͏ a͏͏ selection͏͏ of͏͏ Indian͏͏ wines,͏͏ beers,͏͏ and͏͏ spirits,͏͏ including͏͏ whisky,͏͏ rum,͏͏ gin,͏͏ and͏͏ vodka,͏͏ along͏͏ with͏͏ teas͏͏ and͏͏ coffees͏͏ sourced͏͏ from͏͏ India.

“At͏͏ last,͏͏ a͏͏ wide͏͏ selection͏͏ of͏͏ exceptional͏͏ Indian͏͏ products͏͏ is͏͏ available͏͏ in͏͏ the͏͏ UK.͏͏ Maharaja͏͏ Drinks͏͏ has͏͏ thoughtfully͏͏ curated͏͏ its͏͏ range͏͏ with͏͏ extensive͏͏ knowledge͏͏ and͏͏ care,͏͏ presenting͏͏ what͏͏ I͏͏ believe͏͏ to͏͏ be͏͏ the͏͏ very͏͏ best,”͏͏ said͏͏ Indian͏͏ chef͏͏ Cyrus͏͏ Todiwala͏͏ at͏͏ the͏͏ launch͏͏ event͏͏ held͏͏ at͏͏ London’s͏͏ Cafe͏͏ Spice͏͏ Namaste.

Maharaja͏͏ Drinks͏͏ is͏͏ also͏͏ bringing͏͏ UK-firsts͏͏ such͏͏ as͏͏ Borécha,͏͏ a͏͏ non-alcoholic͏͏ beverage͏͏ brand͏͏ from͏͏ India,͏͏ and͏͏ Maka͏͏ Di,͏͏ a͏͏ craft͏͏ beer͏͏ from͏͏ Goa.

“The͏͏ popularity͏͏ of͏͏ Indian͏͏ cuisine͏͏ in͏͏ the͏͏ UK͏͏ has͏͏ underscored͏͏ the͏͏ business͏͏ potential͏͏ for͏͏ Indian͏͏ wines͏͏ in͏͏ the͏͏ food͏͏ and͏͏ beverage͏͏ sector,”͏͏ said͏͏ Kiran͏͏ Patil͏͏ of͏͏ Reveilo͏͏ Wines,͏͏ one͏͏ of͏͏ Maharaja͏͏ Drinks’͏͏ suppliers.͏͏ He͏͏ expressed͏͏ optimism͏͏ that͏͏ their͏͏ partnership͏͏ would͏͏ satisfy͏͏ the͏͏ increasing͏͏ demand͏͏ for͏͏ Indian͏͏ wines.

Muskan͏͏ Khanna͏͏ of͏͏ Tea͏͏ ‘N’͏͏ Teas͏͏ remarked͏͏ that͏͏ although͏͏ Indian͏͏ teas͏͏ are͏͏ commonly͏͏ linked͏͏ to͏͏ Darjeeling͏͏ and͏͏ Assam,͏͏ their͏͏ brand͏͏ seeks͏͏ to͏͏ highlight͏͏ teas͏͏ from͏͏ other͏͏ regions,͏͏ showcasing͏͏ that͏͏ premium͏͏ quality͏͏ can͏͏ be͏͏ found͏͏ throughout͏͏ India.

Continue͏͏ Exploring:͏͏ Indigenous͏͏ spirits͏͏ shine:͏͏ India’s͏͏ liquor͏͏ exports͏͏ soar,͏͏ set͏͏ to͏͏ break͏͏ $1͏͏ Billion͏͏ barrier

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Nine West expands its reach in India through Myntra collaboration

Nine West

As India’s retail landscape expands, Nine West, a footwear brand under Bata, is boosting its presence by launching on Myntra. The͏͏ brand͏͏ focuses͏͏ on͏͏ merging͏͏ contemporary͏͏ trends͏͏ with͏͏ classic͏͏ elegance,͏͏ enhancing͏͏ women’s͏͏ everyday͏͏ fashion͏͏ and͏͏ reinforcing͏͏ its͏͏ position͏͏ in͏͏ the͏͏ Indian͏͏ market.͏͏ This͏͏ partnership͏͏ supports͏͏ Nine͏͏ West’s͏͏ omni-channel͏͏ strategy,͏͏ enabling͏͏ it͏͏ to͏͏ engage͏͏ with͏͏ fashion-conscious͏͏ consumers͏͏ nationwide͏͏ by͏͏ offering͏͏ a͏͏ collection͏͏ that͏͏ blends͏͏ global͏͏ influences͏͏ with͏͏ local͏͏ styles.

Diverse͏͏ Offerings͏͏ for͏͏ Every͏͏ Occasion:

The͏͏ collection͏͏ boasts͏͏ over͏͏ 100͏͏ designs͏͏ specifically͏͏ tailored͏͏ to͏͏ the͏͏ dynamic͏͏ lifestyles͏͏ of͏͏ urban͏͏ women͏͏ in͏͏ India.͏͏ Featuring͏͏ sleek͏͏ stilettos,͏͏ classic͏͏ pumps,͏͏ versatile͏͏ mules,͏͏ slingbacks,͏͏ flats,͏͏ sandals,͏͏ and͏͏ slides,͏͏ each͏͏ piece͏͏ balances͏͏ style͏͏ and͏͏ practicality.͏͏ The͏͏ range͏͏ showcases͏͏ metallic͏͏ shades,͏͏ bold͏͏ colors,͏͏ timeless͏͏ neutrals,͏͏ and͏͏ soft͏͏ pastels,͏͏ enhanced͏͏ with͏͏ embellishments͏͏ and͏͏ studs.͏͏ Additionally,͏͏ it͏͏ includes͏͏ handbags͏͏ like͏͏ monogram͏͏ totes͏͏ and͏͏ sling͏͏ bags,͏͏ providing͏͏ versatile͏͏ options͏͏ for͏͏ various͏͏ occasions.

Continue͏͏ Exploring:͏͏ Footwear͏͏ brand͏͏ HeyDude͏͏ enters͏͏ Indian͏͏ market͏͏ through͏͏ Metro͏͏ Brands͏͏ partnership

Sharad͏͏ Thakur,͏͏ VP͏͏ and͏͏ Head͏͏ of͏͏ E-commerce,͏͏ stated,͏͏ “We͏͏ are͏͏ thrilled͏͏ to͏͏ enhance͏͏ our͏͏ partnership͏͏ with͏͏ Myntra͏͏ through͏͏ the͏͏ exclusive͏͏ online͏͏ launch͏͏ of͏͏ Nine͏͏ West.͏͏ This͏͏ collection͏͏ is͏͏ designed͏͏ as͏͏ a͏͏ versatile͏͏ wardrobe͏͏ for͏͏ the͏͏ modern͏͏ woman,͏͏ effortlessly͏͏ combining͏͏ elegance͏͏ and͏͏ practicality͏͏ to͏͏ suit͏͏ a͏͏ fast-paced͏͏ urban͏͏ lifestyle.͏͏ We͏͏ believe͏͏ these͏͏ pieces͏͏ will͏͏ redefine͏͏ everyday͏͏ fashion,͏͏ empowering͏͏ women͏͏ to͏͏ move͏͏ through͏͏ their͏͏ day͏͏ with͏͏ confidence͏͏ and͏͏ style.”

Nine West’s͏͏ Exclusive͏͏ Availability͏͏ on͏͏ Myntra:

With͏͏ this͏͏ collection,͏͏ Nine͏͏ West͏͏ strikes͏͏ a͏͏ balance͏͏ between͏͏ timeless͏͏ design͏͏ and͏͏ modern͏͏ versatility,͏͏ elevating͏͏ urban͏͏ fashion͏͏ for͏͏ women͏͏ across͏͏ India.͏͏ The͏͏ range͏͏ is͏͏ now͏͏ available͏͏ exclusively͏͏ on͏͏ Myntra.

Continue͏͏ Exploring:͏͏ Myntra expects͏͏ 1.6-fold͏͏ increase͏͏ in͏͏ traffic͏͏ during͏͏ upcoming͏͏ Big͏͏ Fashion͏͏ Festival

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Indian hospitality sector’s revenue per available room set to grow by 8-9% in FY25

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hospitality

The Indian hospitality sector is experiencing significant growth, with a report indicating that revenue per available room is projected to increase by around 8-9 per cent in FY25.

Strong͏͏ Performance͏͏ in͏͏ FY24:

According͏͏ to͏͏ CareEdge,͏͏ the͏͏ industry’s͏͏ revenue͏͏ per͏͏ available͏͏ room͏͏ grew͏͏ strongly͏͏ by͏͏ 14͏͏ per͏͏ cent͏͏ in͏͏ fiscal͏͏ 2024.

Future͏͏ Growth͏͏ Outlook:

For͏͏ FY25,͏͏ a͏͏ growth͏͏ of͏͏ 8-9͏͏ per͏͏ cent͏͏ is͏͏ anticipated,͏͏ building͏͏ on͏͏ the͏͏ strong͏͏ base͏͏ established͏͏ in͏͏ FY24.

CareEdge͏͏ anticipates͏͏ the͏͏ industry͏͏ will͏͏ report͏͏ average͏͏ revenue͏͏ per͏͏ available͏͏ room͏͏ growth͏͏ of͏͏ INR͏͏ 5,200-͏͏ INR͏͏ 5,400,͏͏ following͏͏ a͏͏ strong͏͏ base͏͏ in͏͏ FY24,͏͏ with͏͏ an͏͏ additional͏͏ increase͏͏ of͏͏ 5-6͏͏ per͏͏ cent͏͏ projected͏͏ for͏͏ FY26.

Continue͏͏ Exploring:͏͏ Hospitality sector to͏͏ see͏͏ 29%͏͏ investment͏͏ growth,͏͏ reaching͏͏ $436͏͏ Mn͏͏ this͏͏ year:͏͏ JLL

Expansion͏͏ of͏͏ Branded͏͏ Hotel Rooms:

India͏͏ currently͏͏ has͏͏ approximately͏͏ 166,000͏͏ branded͏͏ hotel͏͏ rooms.͏͏ Over͏͏ the͏͏ next͏͏ five͏͏ years,͏͏ the͏͏ industry͏͏ is͏͏ projected͏͏ to͏͏ add͏͏ around͏͏ 55,000͏͏ rooms,͏͏ with͏͏ supply͏͏ expected͏͏ to͏͏ grow͏͏ at͏͏ a͏͏ compound͏͏ annual͏͏ growth͏͏ rate͏͏ (CAGR)͏͏ of͏͏ 4.5-5.5͏͏ per͏͏ cent͏͏ during͏͏ this͏͏ period.

The͏͏ hospitality͏͏ sector͏͏ is͏͏ currently͏͏ undergoing͏͏ an͏͏ upcycle,͏͏ fueled͏͏ by͏͏ favourable͏͏ demographics,͏͏ strong͏͏ domestic͏͏ demand—with͏͏ supply͏͏ lagging͏͏ behind͏͏ demand͏͏ growth—increased͏͏ investments,͏͏ and͏͏ ongoing͏͏ enhancements͏͏ in͏͏ infrastructure͏͏ and͏͏ connectivity.

“Due͏͏ to͏͏ the͏͏ boost͏͏ in͏͏ domestic͏͏ consumption͏͏ and͏͏ steady͏͏ GDP͏͏ growth,͏͏ companies͏͏ in͏͏ the͏͏ industry͏͏ are͏͏ experiencing͏͏ strong͏͏ capacity͏͏ utilisation,”͏͏ noted͏͏ Ravleen͏͏ Sethi,͏͏ Director͏͏ at͏͏ CareEdge͏͏ Ratings.

With͏͏ travel͏͏ momentum͏͏ expected͏͏ to͏͏ persist͏͏ and͏͏ anticipated͏͏ demand͏͏ likely͏͏ to͏͏ surpass͏͏ current͏͏ supply͏͏ in͏͏ the͏͏ medium͏͏ term,͏͏ FY25͏͏ is͏͏ projected͏͏ to͏͏ see͏͏ an͏͏ increase͏͏ in͏͏ revenue͏͏ per͏͏ available͏͏ room,͏͏ contributing͏͏ to͏͏ an͏͏ overall͏͏ improvement͏͏ in͏͏ the͏͏ credit͏͏ profiles͏͏ of͏͏ industry͏͏ players,͏͏ Sethi͏͏ added.

The͏͏ segment͏͏ mix͏͏ is͏͏ transitioning͏͏ towards͏͏ upper͏͏ midscale͏͏ and͏͏ midscale͏͏ economy,͏͏ with͏͏ over͏͏ 60͏͏ per͏͏ cent͏͏ of͏͏ new͏͏ supply͏͏ anticipated͏͏ to͏͏ be͏͏ introduced͏͏ in͏͏ these͏͏ categories.

This͏͏ growth͏͏ is͏͏ propelled͏͏ by͏͏ various͏͏ factors,͏͏ including͏͏ a͏͏ rising͏͏ middle͏͏ class,͏͏ a͏͏ notable͏͏ increase͏͏ in͏͏ business͏͏ travel—particularly͏͏ from͏͏ small͏͏ and͏͏ medium-sized͏͏ enterprises—and͏͏ the͏͏ expanding͏͏ range͏͏ of͏͏ business͏͏ activities͏͏ in͏͏ tier͏͏ 2,͏͏ 3,͏͏ and͏͏ 4͏͏ cities.

The͏͏ report͏͏ indicates͏͏ that͏͏ over͏͏ 70͏͏ per͏͏ cent͏͏ of͏͏ the͏͏ proposed͏͏ new͏͏ supply͏͏ is͏͏ focused͏͏ on͏͏ tier͏͏ 2͏͏ and͏͏ 3͏͏ cities,͏͏ followed͏͏ by͏͏ tier͏͏ 1,͏͏ as͏͏ hotel͏͏ owners͏͏ and͏͏ operators͏͏ seek͏͏ to͏͏ tap͏͏ into͏͏ unmet͏͏ demand͏͏ in͏͏ emerging͏͏ and͏͏ underserved͏͏ markets.

Continue͏͏ Exploring:͏͏ Hospitality sector registers͏͏ 4.8%͏͏ YoY͏͏ RevPAR͏͏ growth͏͏ in͏͏ Q2͏͏ 2024:͏͏ JLL

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Go Nuts expands into Maldives, partners with international airlines to offer premium healthy snacks

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Go Nuts

Go Nuts, a premium brand for nuts and healthy snacks, has expanded into the Maldives and established partnerships with international airlines. With͏͏ a͏͏ growing͏͏ global͏͏ demand͏͏ for͏͏ healthier͏͏ snacking͏͏ options,͏͏ Go͏͏ Nuts͏͏ is͏͏ dedicated͏͏ to͏͏ meeting͏͏ this͏͏ need͏͏ through͏͏ its͏͏ range͏͏ of͏͏ nutritious,͏͏ guilt-free͏͏ snacks,͏͏ known͏͏ for͏͏ their͏͏ outstanding͏͏ quality͏͏ and͏͏ freshness.

Established͏͏ in͏͏ 2007,͏͏ Go͏͏ Nuts͏͏ aims͏͏ to͏͏ offer͏͏ healthier͏͏ alternatives͏͏ to͏͏ traditional͏͏ snacks,͏͏ drawing͏͏ on͏͏ over͏͏ 30͏͏ years͏͏ of͏͏ family͏͏ expertise͏͏ in͏͏ the͏͏ nut͏͏ industry.͏͏ Today,͏͏ it͏͏ stands͏͏ as͏͏ a͏͏ trusted͏͏ name͏͏ in͏͏ households͏͏ and͏͏ premium͏͏ hospitality͏͏ across͏͏ India͏͏ and͏͏ is͏͏ set͏͏ to͏͏ expand͏͏ into͏͏ international͏͏ markets.͏͏ The͏͏ company’s͏͏ strategic͏͏ growth͏͏ into͏͏ the͏͏ Maldives͏͏ will͏͏ introduce͏͏ its͏͏ products͏͏ to͏͏ high-end͏͏ resorts,͏͏ catering͏͏ to͏͏ luxury͏͏ travelers͏͏ seeking͏͏ healthy,͏͏ premium͏͏ snacking͏͏ options.

Go Nuts Sets͏͏ Ambitious͏͏ Growth͏͏ Targets:

In͏͏ the͏͏ last͏͏ decade,͏͏ Go͏͏ Nuts͏͏ has͏͏ established͏͏ a͏͏ strong͏͏ reputation͏͏ in͏͏ India’s͏͏ hospitality͏͏ sector,͏͏ collaborating͏͏ with͏͏ over͏͏ 250͏͏ luxury͏͏ hotels,͏͏ including͏͏ esteemed͏͏ names͏͏ like͏͏ the͏͏ Taj͏͏ Mahal͏͏ Palace͏͏ Hotel͏͏ Mumbai,͏͏ St.͏͏ Regis,͏͏ and͏͏ The͏͏ Ritz͏͏ Carlton.͏͏ The͏͏ brand’s͏͏ commitment͏͏ to͏͏ consistent͏͏ quality͏͏ and͏͏ premium͏͏ offerings͏͏ has͏͏ made͏͏ it͏͏ the͏͏ preferred͏͏ snacking͏͏ partner͏͏ for͏͏ these͏͏ establishments.͏͏ Looking͏͏ ahead,͏͏ Go͏͏ Nuts͏͏ is͏͏ targeting͏͏ a͏͏ 20%͏͏ growth͏͏ in͏͏ FY24,͏͏ following͏͏ a͏͏ notable͏͏ 25%͏͏ increase͏͏ in͏͏ the͏͏ previous͏͏ fiscal͏͏ year,͏͏ fuelled͏͏ by͏͏ rising͏͏ demand͏͏ in͏͏ both͏͏ the͏͏ hospitality͏͏ and͏͏ corporate͏͏ gifting͏͏ sectors.

Continue͏͏ Exploring:͏͏ Healthy snack brands͏͏ see͏͏ explosive͏͏ growth͏͏ amidst͏͏ health-conscious͏͏ consumer͏͏ trend

Ashish Agrawal,͏͏ Founder͏͏ of͏͏ Go͏͏ Nuts,͏͏ shared͏͏ his͏͏ enthusiasm͏͏ for͏͏ these͏͏ new͏͏ ventures:͏͏ “We͏͏ are͏͏ excited͏͏ to͏͏ introduce͏͏ Go͏͏ Nuts͏͏ to͏͏ international͏͏ markets͏͏ through͏͏ our͏͏ partnerships͏͏ with͏͏ resorts͏͏ and͏͏ airlines͏͏ in͏͏ the͏͏ Maldives.͏͏ Our͏͏ aim͏͏ has͏͏ always͏͏ been͏͏ to͏͏ provide͏͏ snacks͏͏ that͏͏ blend͏͏ exceptional͏͏ taste͏͏ with͏͏ health͏͏ benefits,͏͏ and͏͏ these͏͏ collaborations͏͏ present͏͏ a͏͏ fantastic͏͏ opportunity͏͏ to͏͏ reach͏͏ a͏͏ global͏͏ audience.”

Reflecting͏͏ global͏͏ sustainability͏͏ trends,͏͏ Go͏͏ Nuts͏͏ prioritises͏͏ eco-friendly͏͏ packaging͏͏ for͏͏ its͏͏ products,͏͏ combining͏͏ convenience͏͏ with͏͏ environmental͏͏ stewardship.͏͏ The͏͏ brand͏͏ continues͏͏ to͏͏ innovate͏͏ with͏͏ new͏͏ launches,͏͏ including͏͏ the͏͏ Super͏͏ Fuel͏͏ trail͏͏ mix͏͏ and͏͏ antioxidant-rich͏͏ snack͏͏ mixes,͏͏ aimed͏͏ at͏͏ health-conscious͏͏ consumers͏͏ in͏͏ search͏͏ of͏͏ nutritious͏͏ options͏͏ for͏͏ their͏͏ busy͏͏ lifestyles.

Continue͏͏ Exploring:͏͏ Natch͏͏ partners͏͏ with͏͏ Swiggy͏͏ Instamart͏͏ to͏͏ deliver͏͏ healthy snacks across͏͏ Mumbai,͏͏ plans͏͏ expansion͏͏ to͏͏ major͏͏ cities

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India’s gold imports soar to $10.1 Bn as duty cut fuels domestic demand

gold

Union Minister of Commerce and Industries Piyush Goyal stated that reducing the duty on gold from 15% to 6% has increased domestic demand for the metal. He͏͏ also͏͏ encouraged͏͏ Indian-origin͏͏ global͏͏ brands͏͏ to͏͏ showcase͏͏ India’s͏͏ tourism͏͏ potential͏͏ through͏͏ their͏͏ overseas͏͏ showrooms,͏͏ which͏͏ could͏͏ significantly͏͏ benefit͏͏ the͏͏ domestic͏͏ tourism͏͏ industry.

Record͏͏ Gold Imports͏͏ in͏͏ August:

In͏͏ August,͏͏ India’s͏͏ gold͏͏ imports͏͏ reached͏͏ a͏͏ record͏͏ high͏͏ of͏͏ US$͏͏ 10.1͏͏ billion,͏͏ more͏͏ than͏͏ triple͏͏ the͏͏ amount͏͏ from͏͏ the͏͏ previous͏͏ month͏͏ and͏͏ double͏͏ that͏͏ of͏͏ the͏͏ previous͏͏ year.͏͏ The͏͏ import͏͏ volume͏͏ was͏͏ approximately͏͏ 140͏͏ tonnes.͏͏ Despite͏͏ rising͏͏ gold͏͏ prices,͏͏ demand͏͏ for͏͏ the͏͏ yellow͏͏ metal͏͏ remains͏͏ robust.

Continue͏͏ Exploring:͏͏ Gold jewellery͏͏ demand͏͏ set͏͏ to͏͏ rise͏͏ with͏͏ 18%͏͏ volume͏͏ growth͏͏ anticipated,͏͏ says͏͏ Nuvama͏͏ Report

The͏͏ minister͏͏ made͏͏ this͏͏ statement͏͏ during͏͏ an͏͏ event͏͏ in͏͏ Mumbai͏͏ to͏͏ launch͏͏ Malabar͏͏ Group’s͏͏ National͏͏ Scholarship͏͏ Programme͏͏ for͏͏ girl͏͏ children,͏͏ for͏͏ which͏͏ the͏͏ company͏͏ has͏͏ allocated͏͏ INR͏͏ 16͏͏ crore͏͏ from͏͏ its͏͏ CSR͏͏ fund͏͏ for͏͏ the͏͏ current͏͏ fiscal͏͏ year.͏͏ According͏͏ to͏͏ a͏͏ media͏͏ release͏͏ from͏͏ the͏͏ company,͏͏ nearly͏͏ 21,000͏͏ girls͏͏ will͏͏ benefit͏͏ from͏͏ this͏͏ initiative.

Commenting͏͏ on͏͏ the͏͏ initiative,͏͏ MP͏͏ Ahammed,͏͏ Chairman͏͏ of͏͏ Malabar͏͏ Group,͏͏ stated,͏͏ “Education͏͏ is͏͏ the͏͏ most͏͏ powerful͏͏ tool͏͏ for͏͏ changing͏͏ the͏͏ world.͏͏ Our͏͏ scholarship͏͏ programme͏͏ reflects͏͏ Malabar͏͏ Group’s͏͏ belief͏͏ that͏͏ education͏͏ opens͏͏ doors͏͏ and͏͏ transforms͏͏ lives.͏͏ We͏͏ aim͏͏ to͏͏ eliminate͏͏ barriers͏͏ for͏͏ young͏͏ girls,͏͏ enabling͏͏ them͏͏ to͏͏ achieve͏͏ their͏͏ educational͏͏ goals͏͏ and͏͏ make͏͏ meaningful͏͏ contributions͏͏ to͏͏ society.”

Since͏͏ its͏͏ inception,͏͏ Malabar͏͏ Group͏͏ has͏͏ exemplified͏͏ inclusive͏͏ growth͏͏ through͏͏ its͏͏ social͏͏ welfare͏͏ initiatives.͏͏ In͏͏ 1999,͏͏ the͏͏ Malabar͏͏ Charitable͏͏ Trust͏͏ (MCT)͏͏ was͏͏ established͏͏ to͏͏ organise͏͏ and͏͏ enhance͏͏ these͏͏ efforts.͏͏ The͏͏ group͏͏ dedicates͏͏ 5%͏͏ of͏͏ its͏͏ profits͏͏ to͏͏ CSR͏͏ initiatives,͏͏ covering͏͏ education,͏͏ healthcare,͏͏ environmental͏͏ sustainability,͏͏ and͏͏ poverty͏͏ alleviation,͏͏ with͏͏ a͏͏ strong͏͏ emphasis͏͏ on͏͏ empowering͏͏ marginalized͏͏ communities.

Expansion͏͏ Plans͏͏ for͏͏ Malabar͏͏ Gold &͏͏ Diamonds:

Malabar͏͏ Gold͏͏ &͏͏ Diamonds͏͏ plans͏͏ to͏͏ open͏͏ 20͏͏ new͏͏ showrooms͏͏ in͏͏ October͏͏ as͏͏ part͏͏ of͏͏ its͏͏ ambitious͏͏ global͏͏ expansion͏͏ strategy.͏͏ These͏͏ new͏͏ locations͏͏ will͏͏ strengthen͏͏ the͏͏ brand’s͏͏ presence͏͏ in͏͏ key͏͏ markets,͏͏ including͏͏ India,͏͏ the͏͏ GCC͏͏ countries,͏͏ and͏͏ the͏͏ USA,͏͏ raising͏͏ the͏͏ total͏͏ number͏͏ of͏͏ showrooms͏͏ worldwide͏͏ to͏͏ 375.͏͏ Currently,͏͏ Malabar͏͏ Gold͏͏ &͏͏ Diamonds͏͏ operates͏͏ 355͏͏ showrooms͏͏ across͏͏ 13͏͏ countries.

Continue͏͏ Exploring:͏͏ Festive͏͏ season͏͏ boosts͏͏ gold and͏͏ silver͏͏ prices,͏͏ experts͏͏ predict͏͏ further͏͏ increases

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India’s quick commerce sales surge 280% in two years, expected to reach USD 9.95 Bn by 2029

Quick Commerce

India’s quick commerce industry has seen significant growth, with sales increasing by over 280 per cent in the past two years,͏͏ according͏͏ to͏͏ a͏͏ report͏͏ by͏͏ financial͏͏ services͏͏ firm͏͏ Chryseum.

Dramatic͏͏ Increase͏͏ in͏͏ GMV:

The͏͏ report͏͏ indicated͏͏ that͏͏ the͏͏ Gross͏͏ Merchandise͏͏ Value͏͏ (GMV)͏͏ of͏͏ quick͏͏ commerce͏͏ in͏͏ India͏͏ rose͏͏ from͏͏ USD͏͏ 0.5͏͏ billion͏͏ in͏͏ FY22͏͏ to͏͏ an͏͏ impressive͏͏ USD͏͏ 3.3͏͏ billion͏͏ in͏͏ FY24,͏͏ marking͏͏ a͏͏ 280͏͏ per͏͏ cent͏͏ increase.

Quick͏͏ commerce,͏͏ referring͏͏ to͏͏ the͏͏ rapid͏͏ delivery͏͏ of͏͏ small͏͏ orders͏͏ within͏͏ a͏͏ short͏͏ time͏͏ frame,͏͏ is͏͏ expanding͏͏ at͏͏ a͏͏ significantly͏͏ faster͏͏ rate͏͏ than͏͏ traditional͏͏ e-commerce.

Rapid͏͏ Growth͏͏ Outpacing͏͏ E-Commerce:

The͏͏ report͏͏ noted͏͏ that͏͏ while͏͏ India’s͏͏ e-commerce͏͏ sector͏͏ is͏͏ experiencing͏͏ an͏͏ annual͏͏ growth͏͏ rate͏͏ of͏͏ 14͏͏ per͏͏ cent,͏͏ quick͏͏ commerce͏͏ has͏͏ surged͏͏ at͏͏ an͏͏ impressive͏͏ 73͏͏ per͏͏ cent͏͏ during͏͏ FY͏͏ 2023-24.͏͏ This͏͏ underscores͏͏ a͏͏ significant͏͏ shift͏͏ in͏͏ consumer͏͏ behaviour͏͏ towards͏͏ faster͏͏ and͏͏ more͏͏ convenient͏͏ delivery͏͏ options.

Continue͏͏ Exploring:͏͏ Over͏͏ 30%͏͏ of͏͏ shoppers͏͏ rely͏͏ on͏͏ quick commerce for͏͏ essentials:͏͏ NielsenIQ

Future͏͏ Market͏͏ Projections:

The͏͏ quick͏͏ commerce͏͏ market͏͏ in͏͏ India͏͏ is͏͏ currently͏͏ valued͏͏ at͏͏ USD͏͏ 3.34͏͏ billion͏͏ in͏͏ 2024͏͏ and͏͏ is͏͏ expected͏͏ to͏͏ reach͏͏ USD͏͏ 9.95͏͏ billion͏͏ by͏͏ 2029,͏͏ growing͏͏ at͏͏ a͏͏ compound͏͏ annual͏͏ growth͏͏ rate͏͏ (CAGR)͏͏ of͏͏ over͏͏ 4.5͏͏ per͏͏ cent͏͏ during͏͏ the͏͏ forecast͏͏ period͏͏ (2024-2029).

“The͏͏ quick͏͏ commerce͏͏ industry͏͏ in͏͏ India͏͏ is͏͏ estimated͏͏ to͏͏ be͏͏ valued͏͏ at͏͏ USD͏͏ 3.34͏͏ billion͏͏ in͏͏ 2024͏͏ and͏͏ is͏͏ expected͏͏ to͏͏ reach͏͏ USD͏͏ 9.95͏͏ billion͏͏ by͏͏ 2029,”͏͏ stated͏͏ the͏͏ report.

Despite͏͏ this͏͏ rapid͏͏ growth,͏͏ the͏͏ sector͏͏ remains͏͏ largely͏͏ untapped,͏͏ with͏͏ a͏͏ penetration͏͏ rate͏͏ of͏͏ just͏͏ 7͏͏ per͏͏ cent͏͏ of͏͏ the͏͏ total͏͏ addressable͏͏ market͏͏ valued͏͏ at͏͏ USD͏͏ 45͏͏ billion.͏͏ This͏͏ suggests͏͏ a͏͏ substantial͏͏ opportunity͏͏ for͏͏ further͏͏ expansion,͏͏ as͏͏ quick͏͏ commerce͏͏ has͏͏ already͏͏ exceeded͏͏ the͏͏ market͏͏ size͏͏ of͏͏ food͏͏ delivery.

The͏͏ report͏͏ also͏͏ noted͏͏ that͏͏ to͏͏ leverage͏͏ this͏͏ potential,͏͏ quick͏͏ commerce͏͏ platforms͏͏ are͏͏ increasingly͏͏ collaborating͏͏ with͏͏ manufacturers͏͏ for͏͏ direct͏͏ sourcing,͏͏ bypassing͏͏ traditional͏͏ distributor͏͏ networks.͏͏ This͏͏ strategy͏͏ allows͏͏ platforms͏͏ to͏͏ streamline͏͏ operations,͏͏ lower͏͏ costs,͏͏ and͏͏ provide͏͏ more͏͏ competitive͏͏ pricing͏͏ to͏͏ consumers.

Continue͏͏ Exploring:͏͏ Quick commerce set͏͏ to͏͏ drive͏͏ India’s͏͏ gross͏͏ order͏͏ value͏͏ to͏͏ USD͏͏ 10͏͏ Bn͏͏ by͏͏ FY26

“Quick͏͏ commerce͏͏ platforms͏͏ are͏͏ collaborating͏͏ with͏͏ manufacturers͏͏ for͏͏ direct͏͏ sourcing͏͏ to͏͏ bypass͏͏ the͏͏ traditional͏͏ distributor͏͏ network,”͏͏ the͏͏ report͏͏ added.

Additionally,͏͏ the͏͏ technology͏͏ infrastructure͏͏ of͏͏ quick͏͏ commerce͏͏ platforms͏͏ is͏͏ built͏͏ to͏͏ facilitate͏͏ ongoing͏͏ enhancements͏͏ in͏͏ operational͏͏ processes,͏͏ improving͏͏ agility͏͏ and͏͏ speed͏͏ throughout͏͏ the͏͏ value͏͏ chain.͏͏ These͏͏ innovations͏͏ are͏͏ enabling͏͏ quick͏͏ commerce͏͏ platforms͏͏ to͏͏ deliver͏͏ more͏͏ quickly͏͏ and͏͏ efficiently,͏͏ meeting͏͏ the͏͏ rising͏͏ demand͏͏ for͏͏ instant͏͏ deliveries͏͏ in͏͏ India.

As͏͏ the͏͏ industry͏͏ continues͏͏ to͏͏ evolve,͏͏ experts͏͏ anticipate͏͏ that͏͏ quick͏͏ commerce͏͏ will͏͏ become͏͏ an͏͏ increasingly͏͏ vital͏͏ component͏͏ of͏͏ India’s͏͏ retail͏͏ landscape.

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Apparel companies anticipate weak retail market during festive season

Apparel

Apparel͏͏ companies͏͏ anticipate͏͏ a͏͏ weak͏͏ retail͏͏ market͏͏ during͏͏ the͏͏ festive͏͏ season.͏͏ According͏͏ to͏͏ a͏͏ survey͏͏ by͏͏ the͏͏ apparel͏͏ industry͏͏ body,͏͏ 63%͏͏ of͏͏ respondents͏͏ expect͏͏ clothing͏͏ and͏͏ apparel͏͏ sales͏͏ to͏͏ remain͏͏ the͏͏ same͏͏ or͏͏ decline͏͏ compared͏͏ to͏͏ last͏͏ year,͏͏ with͏͏ 25%͏͏ projecting͏͏ sales͏͏ to͏͏ reach͏͏ only͏͏ 75%͏͏ of͏͏ last͏͏ year’s͏͏ figures.

The͏͏ Clothing͏͏ Manufacturers͏͏ Association͏͏ of͏͏ India͏͏ (CMAI)͏͏ conducted͏͏ the͏͏ survey.

“The͏͏ sluggish͏͏ business͏͏ environment͏͏ over͏͏ the͏͏ past͏͏ six͏͏ months͏͏ makes͏͏ these͏͏ trends͏͏ unsurprising.͏͏ However,͏͏ we͏͏ remain͏͏ hopeful͏͏ for͏͏ festive͏͏ spending͏͏ and͏͏ anticipate͏͏ a͏͏ gradual͏͏ demand͏͏ surge͏͏ with͏͏ the͏͏ upcoming͏͏ wedding͏͏ season͏͏ later͏͏ in͏͏ the͏͏ year,”͏͏ said͏͏ Rajesh͏͏ Masand,͏͏ president͏͏ of͏͏ CMAI.

Consumer͏͏ Spending͏͏ Shifts:

Around͏͏ 35%͏͏ of͏͏ respondents͏͏ have͏͏ lower͏͏ expectations͏͏ due͏͏ to͏͏ a͏͏ shift͏͏ in͏͏ consumer͏͏ spending͏͏ towards͏͏ other͏͏ lifestyle͏͏ areas,͏͏ while͏͏ 24%͏͏ cite͏͏ the͏͏ slowing͏͏ economy͏͏ and͏͏ inflation͏͏ as͏͏ key͏͏ factors.

Continue͏͏ Exploring:͏͏ Organised͏͏ apparel retailers͏͏ to͏͏ clock͏͏ 8-10%͏͏ revenue͏͏ growth͏͏ this͏͏ fiscal͏͏ year

Brand͏͏ Performance͏͏ Expectations:

Only͏͏ 18%͏͏ of͏͏ respondents͏͏ expect͏͏ low-priced͏͏ brands͏͏ to͏͏ perform͏͏ better͏͏ this͏͏ festive͏͏ season,͏͏ while͏͏ 75%͏͏ believe͏͏ mid-priced͏͏ brands͏͏ will͏͏ fare͏͏ better.͏͏ CMAI͏͏ noted͏͏ this͏͏ reflects͏͏ “the͏͏ Indian͏͏ consumer’s͏͏ growing͏͏ maturity,͏͏ with͏͏ an͏͏ increasing͏͏ willingness͏͏ to͏͏ pay͏͏ a͏͏ premium͏͏ for͏͏ quality͏͏ rather͏͏ than͏͏ focusing͏͏ solely͏͏ on͏͏ price.”

Preference͏͏ for͏͏ Offline͏͏ Retail:

The͏͏ survey͏͏ revealed͏͏ a͏͏ 75.5%͏͏ preference͏͏ for͏͏ offline͏͏ retail͏͏ channels,͏͏ with͏͏ 24.5%͏͏ favouring͏͏ online͏͏ retail.

Indian͏͏ wear͏͏ is͏͏ expected͏͏ to͏͏ perform͏͏ well͏͏ according͏͏ to͏͏ 52%͏͏ of͏͏ respondents,͏͏ followed͏͏ by͏͏ casual͏͏ wear,͏͏ while͏͏ formal͏͏ wear͏͏ appears͏͏ to͏͏ be͏͏ out͏͏ of͏͏ favour.

CMAI͏͏ is͏͏ an͏͏ association͏͏ of͏͏ over͏͏ 5,000͏͏ members͏͏ from͏͏ the͏͏ Indian͏͏ apparel͏͏ industry,͏͏ including͏͏ manufacturers,͏͏ exporters,͏͏ brands,͏͏ and͏͏ the͏͏ ancillary͏͏ sector,͏͏ serving͏͏ more͏͏ than͏͏ 35,000͏͏ retailers͏͏ nationwide.

Continue͏͏ Exploring:͏͏ India’s͏͏ apparel retail͏͏ industry͏͏ to͏͏ continue͏͏ growing͏͏ with͏͏ rising͏͏ incomes͏͏ and͏͏ demand͏͏ for͏͏ affordable͏͏ fashion:͏͏ Centrum

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Danone to invest €20 Mn in Punjab plant over four years

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Danone

Food and beverage giant Danone announced a €20 million investment to expand its specialised nutrition facility in Lalru, Punjab, over the next four years. Additionally,͏͏ the͏͏ company͏͏ is͏͏ launching͏͏ a͏͏ three-year͏͏ programme͏͏ to͏͏ train͏͏ approximately͏͏ 5,000͏͏ smallholder͏͏ dairy͏͏ farmers͏͏ in͏͏ Punjab͏͏ in͏͏ sustainable͏͏ farming͏͏ practices,͏͏ aimed͏͏ at͏͏ increasing͏͏ milk͏͏ yields,͏͏ enhancing͏͏ their͏͏ incomes,͏͏ and͏͏ improving͏͏ cattle͏͏ welfare.

Training͏͏ Programme͏͏ for͏͏ Smallholder͏͏ Dairy͏͏ Farmers:

In͏͏ a͏͏ statement,͏͏ Antoine͏͏ de͏͏ Saint-Affrique,͏͏ CEO͏͏ of͏͏ Danone,͏͏ said,͏͏ “India͏͏ is͏͏ a͏͏ key͏͏ growth͏͏ market͏͏ for͏͏ Danone.͏͏ We͏͏ are͏͏ dedicated͏͏ to͏͏ fostering͏͏ inclusive͏͏ growth͏͏ for͏͏ all͏͏ our͏͏ farming͏͏ partners͏͏ and͏͏ supporting͏͏ local͏͏ manufacturing.͏͏ This͏͏ programme͏͏ aligns͏͏ with͏͏ our͏͏ ongoing͏͏ commitment͏͏ to͏͏ local͏͏ farmer͏͏ communities͏͏ in͏͏ India.͏͏ At͏͏ Danone,͏͏ we͏͏ believe͏͏ that͏͏ our͏͏ success͏͏ is͏͏ intertwined͏͏ with͏͏ that͏͏ of͏͏ our͏͏ farmer͏͏ partners,͏͏ and͏͏ we͏͏ must͏͏ collaborate͏͏ closely͏͏ with͏͏ them͏͏ to͏͏ create͏͏ shared͏͏ value.”

Continue͏͏ Exploring:͏͏ No͏͏ global͏͏ relevance͏͏ without͏͏ a͏͏ strong͏͏ presence͏͏ in͏͏ India,͏͏ says͏͏ Danone SA͏͏ CEO

The͏͏ farmer͏͏ development͏͏ programme͏͏ will͏͏ be͏͏ implemented͏͏ in͏͏ collaboration͏͏ with͏͏ BAIF͏͏ Development͏͏ Research͏͏ Foundation.͏͏ It͏͏ will͏͏ concentrate͏͏ on͏͏ animal͏͏ health,͏͏ manure͏͏ management,͏͏ livestock͏͏ management,͏͏ and͏͏ community͏͏ engagement.

Vikram͏͏ Agarwal,͏͏ Chief͏͏ Operations͏͏ Officer͏͏ of͏͏ Danone,͏͏ stated,͏͏ “We͏͏ source͏͏ specialised͏͏ nutrition-grade͏͏ milk͏͏ from͏͏ more͏͏ than͏͏ 5,000͏͏ small͏͏ dairy͏͏ farmers͏͏ across͏͏ 100͏͏ villages͏͏ near͏͏ our͏͏ Lalru͏͏ plant.͏͏ Our͏͏ partnership͏͏ aims͏͏ to͏͏ expand͏͏ through͏͏ inclusive͏͏ growth,͏͏ which͏͏ will͏͏ be͏͏ crucial͏͏ in͏͏ helping͏͏ our͏͏ farmer͏͏ partners͏͏ enhance͏͏ their͏͏ yields͏͏ and͏͏ livelihoods͏͏ while͏͏ increasing͏͏ the͏͏ volume͏͏ of͏͏ high-quality͏͏ milk͏͏ available͏͏ for͏͏ Danone͏͏ as͏͏ we͏͏ continue͏͏ to͏͏ invest͏͏ in͏͏ expanding͏͏ capacity͏͏ at͏͏ the͏͏ plant.͏͏ Together,͏͏ we͏͏ are͏͏ fostering͏͏ mutual͏͏ growth͏͏ for͏͏ a͏͏ brighter͏͏ future.”

Continue͏͏ Exploring:͏͏ Danone India͏͏ appoints͏͏ Shashi͏͏ Ranjan͏͏ as͏͏ its͏͏ managing͏͏ director

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