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Lulu Group to establish food processing and logistics centres in Andhra Pradesh

By
M Haziq Pandit
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0
Lulu Group food processing

UAE-based Lulu Group International plans to establish modern food processing and logistics centres in Andhra Pradesh, alongside hypermarkets and a shopping mall, according to Chairman and Managing Director Yusuffali MA.

After͏͏ their͏͏ meeting,͏͏ Yusuffali͏͏ shared͏͏ on͏͏ social͏͏ media͏͏ platform͏͏ X͏͏ in͏͏ response͏͏ to͏͏ Andhra͏͏ Pradesh͏͏ Chief͏͏ Minister͏͏ N͏͏ Chandrababu͏͏ Naidu’s͏͏ post,͏͏ saying,͏͏ “Our͏͏ discussions͏͏ were͏͏ very͏͏ fruitful.”

Vision͏͏ for͏͏ a͏͏ State-of-the-Art͏͏ Retail͏͏ Experience:

He͏͏ stated,͏͏ “We͏͏ have͏͏ decided͏͏ to͏͏ launch͏͏ an͏͏ international-standard͏͏ shopping͏͏ mall͏͏ featuring͏͏ an͏͏ 8-screen͏͏ IMAX͏͏ multiplex͏͏ in͏͏ Vizag,͏͏ state-of-the-art͏͏ hypermarkets͏͏ in͏͏ Vijayawada͏͏ and͏͏ Tirupati,͏͏ as͏͏ well͏͏ as͏͏ modern͏͏ food͏͏ processing͏͏ and͏͏ logistics͏͏ centres͏͏ in͏͏ Andhra͏͏ Pradesh.”

He͏͏ tagged͏͏ Naidu,͏͏ highlighting͏͏ their͏͏ “18͏͏ long͏͏ years͏͏ of͏͏ brotherly͏͏ relationship.”

Continue͏͏ Exploring:͏͏ Lulu Group to͏͏ launch͏͏ logistics͏͏ and͏͏ food processing center͏͏ in͏͏ Amritsar

In͏͏ a͏͏ previous͏͏ post͏͏ on͏͏ X,͏͏ Naidu͏͏ provided͏͏ an͏͏ update͏͏ on͏͏ his͏͏ meeting͏͏ with͏͏ Yusuffali͏͏ and͏͏ the͏͏ group’s͏͏ Executive͏͏ Director,͏͏ Ashraf͏͏ Ali͏͏ MA,͏͏ who͏͏ had͏͏ returned͏͏ to͏͏ Andhra͏͏ Pradesh.

“I͏͏ had͏͏ a͏͏ highly͏͏ productive͏͏ meeting͏͏ with͏͏ their͏͏ delegation͏͏ in͏͏ Amaravati͏͏ today.”

Naidu͏͏ wrote,͏͏ “We͏͏ discussed͏͏ plans͏͏ for͏͏ a͏͏ mall͏͏ and͏͏ multiplex͏͏ in͏͏ Vizag,͏͏ hypermarkets͏͏ and͏͏ multiplexes͏͏ in͏͏ Vijayawada͏͏ and͏͏ Tirupati,͏͏ as͏͏ well͏͏ as͏͏ investments͏͏ in͏͏ the͏͏ food͏͏ processing͏͏ sector͏͏ throughout͏͏ the͏͏ state.”

He͏͏ assured͏͏ the͏͏ state͏͏ government͏͏ of͏͏ “every͏͏ possible͏͏ cooperation͏͏ and͏͏ support,”͏͏ adding,͏͏ “I͏͏ wish͏͏ my͏͏ friend͏͏ all͏͏ the͏͏ best͏͏ in͏͏ his͏͏ endeavours͏͏ and͏͏ look͏͏ forward͏͏ to͏͏ a͏͏ fruitful͏͏ partnership͏͏ for͏͏ the͏͏ development͏͏ of͏͏ Andhra͏͏ Pradesh.”͏͏ The͏͏ Abu͏͏ Dhabi-headquartered͏͏ group,͏͏ with͏͏ an͏͏ annual͏͏ turnover͏͏ of͏͏ USD͏͏ 8͏͏ billion,͏͏ operates͏͏ in͏͏ various͏͏ sectors,͏͏ including͏͏ hypermarket͏͏ operations,͏͏ shopping͏͏ mall͏͏ development,͏͏ goods͏͏ manufacturing͏͏ and͏͏ trading,͏͏ hospitality,͏͏ and͏͏ real͏͏ estate.

It͏͏ currently͏͏ has͏͏ operations͏͏ in͏͏ 25͏͏ countries͏͏ worldwide.

Continue͏͏ Exploring:͏͏ Lulu Group to͏͏ establish͏͏ two͏͏ of͏͏ India’s͏͏ largest͏͏ shopping͏͏ malls͏͏ in͏͏ Ahmedabad͏͏ and͏͏ Chennai

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Compass Group India to double business every three years, pursue acquisition opportunities in key sectors

By
M Haziq Pandit
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0
Compass India

Compass Group India, a subsidiary of British multinational Compass Group PLC, aims to double its business in India every three years, viewing the country as a vital growth market. Additionally,͏͏ following͏͏ its͏͏ recent͏͏ acquisition͏͏ of͏͏ ICS Foods, the͏͏ company͏͏ is͏͏ actively͏͏ seeking͏͏ further͏͏ opportunities͏͏ to͏͏ expand͏͏ its͏͏ presence,͏͏ according͏͏ to͏͏ Managing͏͏ Director͏͏ Vikas͏͏ Chawla.

Targeting͏͏ Key͏͏ Sectors:

The͏͏ company,͏͏ which͏͏ is͏͏ broadening͏͏ its͏͏ focus͏͏ on͏͏ food͏͏ catering͏͏ opportunities,͏͏ is͏͏ targeting͏͏ clients͏͏ in͏͏ the͏͏ manufacturing,͏͏ education,͏͏ and͏͏ healthcare͏͏ sectors.͏͏ It͏͏ aims͏͏ to͏͏ achieve͏͏ a͏͏ market͏͏ share͏͏ surpassing͏͏ double͏͏ digits͏͏ within͏͏ the͏͏ next͏͏ five͏͏ years.

Continue͏͏ Exploring:͏͏ Compass Group India acquires͏͏ 70%͏͏ stake͏͏ in͏͏ food͏͏ services͏͏ company͏͏ ICS͏͏ Foods,͏͏ eyes͏͏ further͏͏ growth͏͏ in͏͏ Indian͏͏ market

Meal͏͏ Service͏͏ Expansion:

In͏͏ the͏͏ next͏͏ three͏͏ years,͏͏ Compass͏͏ Group͏͏ India͏͏ plans͏͏ to͏͏ serve͏͏ over͏͏ two͏͏ million͏͏ meals͏͏ daily͏͏ and͏͏ expand͏͏ its͏͏ presence͏͏ to͏͏ 600͏͏ client͏͏ locations,͏͏ further͏͏ solidifying͏͏ its͏͏ leadership͏͏ in͏͏ the͏͏ food͏͏ and͏͏ support͏͏ services͏͏ sector,͏͏ he͏͏ added.

“If͏͏ we͏͏ achieve͏͏ growth͏͏ of͏͏ over͏͏ 20%,͏͏ which͏͏ we͏͏ aim͏͏ for,͏͏ I͏͏ believe͏͏ we͏͏ could͏͏ double͏͏ our͏͏ business͏͏ approximately͏͏ every͏͏ three͏͏ years,͏͏ positioning͏͏ us͏͏ at͏͏ a͏͏ very͏͏ significant͏͏ scale͏͏ both͏͏ from͏͏ an͏͏ Indian͏͏ and͏͏ a͏͏ Compass͏͏ Group͏͏ perspective,”͏͏ said͏͏ Chawla.

He͏͏ declined͏͏ to͏͏ disclose͏͏ the͏͏ company’s͏͏ revenue.͏͏ However,͏͏ financial͏͏ data͏͏ from͏͏ the͏͏ business͏͏ intelligence͏͏ platform͏͏ Tofler͏͏ reveals͏͏ that͏͏ the͏͏ consolidated͏͏ revenue͏͏ of͏͏ Compass͏͏ India͏͏ Food͏͏ Services͏͏ was͏͏ INR͏͏ 1,212.7͏͏ crore,͏͏ with͏͏ a͏͏ net͏͏ profit͏͏ of͏͏ INR͏͏ 33.6͏͏ crore͏͏ for͏͏ the͏͏ financial͏͏ year͏͏ that͏͏ ended͏͏ in͏͏ March͏͏ 2023.

The͏͏ brand͏͏ currently͏͏ serves͏͏ approximately͏͏ 0.6͏͏ million͏͏ meals͏͏ daily͏͏ and͏͏ has͏͏ partnered͏͏ with͏͏ more͏͏ than͏͏ 450͏͏ client͏͏ locations͏͏ across͏͏ India.

Compass͏͏ Group͏͏ India’s͏͏ ambition͏͏ is͏͏ to͏͏ become͏͏ a͏͏ “sought-after”͏͏ food͏͏ company͏͏ in͏͏ India,͏͏ capitalising͏͏ on͏͏ the͏͏ evolving͏͏ opportunities͏͏ in͏͏ the͏͏ food͏͏ and͏͏ facility͏͏ management͏͏ landscape͏͏ driven͏͏ by͏͏ economic͏͏ growth.

“Given͏͏ India’s͏͏ dynamic͏͏ economic͏͏ landscape͏͏ and͏͏ initiatives͏͏ like͏͏ ‘Make͏͏ in͏͏ India,’͏͏ we͏͏ recognise͏͏ substantial͏͏ opportunities͏͏ to͏͏ significantly͏͏ scale͏͏ our͏͏ operations,͏͏ targeting͏͏ a͏͏ ten-fold͏͏ increase͏͏ in͏͏ our͏͏ offerings͏͏ over͏͏ the͏͏ next͏͏ 5-7͏͏ years,”͏͏ said͏͏ Chawla.

Growth͏͏ through͏͏ Acquisitions:

According͏͏ to͏͏ Chawla,͏͏ the͏͏ coming͏͏ decades͏͏ will͏͏ be͏͏ pivotal͏͏ for͏͏ Compass͏͏ Group’s͏͏ growth͏͏ in͏͏ India.͏͏ The͏͏ company͏͏ will͏͏ continue͏͏ to͏͏ expand͏͏ its͏͏ support͏͏ services͏͏ in͏͏ key͏͏ sectors͏͏ such͏͏ as͏͏ manufacturing,͏͏ education,͏͏ and͏͏ healthcare.

“Our͏͏ focus͏͏ is͏͏ not͏͏ solely͏͏ on͏͏ growth͏͏ but͏͏ on͏͏ delivering͏͏ value͏͏ that͏͏ surpasses͏͏ industry͏͏ benchmarks.͏͏ We͏͏ are͏͏ aligning͏͏ our͏͏ services͏͏ closely͏͏ with͏͏ the͏͏ evolving͏͏ needs͏͏ of͏͏ our͏͏ clients͏͏ while͏͏ exploring͏͏ strategic͏͏ acquisitions͏͏ to͏͏ maintain͏͏ our͏͏ momentum.͏͏ We͏͏ expect͏͏ that͏͏ 25-30%͏͏ of͏͏ our͏͏ growth͏͏ in͏͏ the͏͏ next͏͏ fiscal͏͏ year͏͏ will͏͏ stem͏͏ from͏͏ acquisitions,͏͏ as͏͏ we͏͏ aim͏͏ to͏͏ expand͏͏ our͏͏ presence͏͏ in͏͏ key͏͏ markets,”͏͏ he͏͏ said.

When͏͏ asked͏͏ if͏͏ Compass͏͏ Group͏͏ India͏͏ would͏͏ participate͏͏ in͏͏ opportunities͏͏ from͏͏ government-run͏͏ educational͏͏ institutions͏͏ and͏͏ schemes͏͏ like͏͏ mid-day͏͏ meals,͏͏ Chawla͏͏ responded:͏͏ “We͏͏ would͏͏ be͏͏ very͏͏ pleased͏͏ to͏͏ partner,͏͏ as͏͏ we͏͏ have͏͏ an͏͏ unwavering͏͏ commitment͏͏ to͏͏ food͏͏ safety.”

Regarding͏͏ the͏͏ expansion͏͏ of͏͏ its͏͏ network͏͏ in͏͏ India,͏͏ he͏͏ stated͏͏ that͏͏ Compass͏͏ Group͏͏ is͏͏ currently͏͏ present͏͏ in͏͏ 45͏͏ cities͏͏ and͏͏ will͏͏ concentrate͏͏ on͏͏ major͏͏ markets͏͏ such͏͏ as͏͏ Bengaluru,͏͏ Hyderabad,͏͏ Mumbai,͏͏ Delhi,͏͏ and͏͏ Chennai,͏͏ rather͏͏ than͏͏ pursuing͏͏ a͏͏ “deep͏͏ expansion.”

“We͏͏ will͏͏ explore͏͏ opportunities͏͏ in͏͏ other͏͏ cities,͏͏ but͏͏ our͏͏ approach͏͏ will͏͏ be͏͏ more͏͏ opportunistic͏͏ than͏͏ a͏͏ planned͏͏ expansion͏͏ into͏͏ a͏͏ large͏͏ number͏͏ of͏͏ locations,”͏͏ he͏͏ added.

India͏͏ is͏͏ currently͏͏ one͏͏ of͏͏ the͏͏ top͏͏ ten͏͏ markets͏͏ for͏͏ Compass͏͏ Group͏͏ PLC,͏͏ and͏͏ according͏͏ to͏͏ Chawla,͏͏ it͏͏ has͏͏ the͏͏ potential͏͏ to͏͏ rise͏͏ into͏͏ the͏͏ top͏͏ five.

“We͏͏ see͏͏ significant͏͏ changes͏͏ happening͏͏ in͏͏ India.͏͏ Employers͏͏ are͏͏ increasingly͏͏ seeking͏͏ better͏͏ food͏͏ options͏͏ for͏͏ their͏͏ employees,͏͏ prioritising͏͏ food͏͏ safety͏͏ with͏͏ higher͏͏ standards͏͏ than͏͏ what͏͏ they͏͏ have͏͏ previously͏͏ received.͏͏ In͏͏ hospitals,͏͏ which͏͏ we͏͏ also͏͏ serve,͏͏ there͏͏ is͏͏ a͏͏ demand͏͏ for͏͏ improved͏͏ meals͏͏ for͏͏ both͏͏ patients͏͏ and͏͏ staff,”͏͏ he͏͏ said.

Even͏͏ in͏͏ educational͏͏ institutions,͏͏ there͏͏ is͏͏ a͏͏ growing͏͏ awareness͏͏ about͏͏ the͏͏ importance͏͏ of͏͏ providing͏͏ great-tasting͏͏ nutrition͏͏ for͏͏ students.

“So,͏͏ everyone͏͏ is͏͏ adapting,͏͏ and͏͏ I͏͏ believe͏͏ this͏͏ change͏͏ will͏͏ accelerate͏͏ over͏͏ time,͏͏ providing͏͏ us͏͏ with͏͏ significantly͏͏ more͏͏ growth͏͏ opportunities,”͏͏ Chawla͏͏ added.

Continue͏͏ Exploring:͏͏ India’s͏͏ food͏͏ services͏͏ sector͏͏ poised͏͏ for͏͏ rapid͏͏ growth,͏͏ set͏͏ to͏͏ reach͏͏ INR͏͏ 7.76͏͏ Lakh͏͏ Cr͏͏ by͏͏ 2028:͏͏ NRAI͏͏ Report

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Arjun Kapoor backed Foodcloud.in plans major expansion: Aiming to onboard 50,000 home chefs and reach new cities

By
M Haziq Pandit
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0
Foodcloud

As the food delivery industry in India continues to boom, Arjun Kapoor backed Foodcloud.in, a platform connecting home chefs to consumers, has ambitious plans to revolutionize the sector. Despite operating in a competitive sector, Foodcloud.in achieved profitability last year, an impressive feat for a food delivery platform. The company’s fresh food business is active in Delhi-NCR, Mumbai, Kolkata, and Jaipur, with plans to expand further. The platform currently connects with about 5,000 home chefs and aims to grow this number to 50,000 in the next two years.

“We achieved profitability last year, which is a significant milestone. The platform is witnessing 100-150% year-on-year growth. We also launched a new line of direct-to-consumer (D2C) homemade packaged food. This has played a crucial role in expanding our brand’s reach, allowing us to enter new cities and connect with even more customers,” said Co-Founder and CEO Vedant Kanoi.

Foodcloud.in made it easier for chefs to focus on their craft while the company handled logistics and operations. It also collaborates with the food authorities such as FSSAI to develop policies. “We worked closely with FSSAI to develop policies for home chefs, ensuring that everyone on our platform is registered and trained,” Kanoi said. This focus on quality and compliance helped Foodcloud.in stand out in the crowded food delivery market.

Expansion Plans with Technology

Kanoi shared insights into the company’s growth trajectory and future expansion ambitions. The brand has already reached 70 to 80 cities in India. They are also exploring the global market. “Our shelf-stable, preservative-free products can be delivered nationwide, and we’ve even expanded into Dubai to test the waters.Overall, we’re delivering around 40,000 to 50,000 meals per month across all our offerings, and we’re excited to continue scaling our business,” he added.

In the next six months, Foodcloud.in is set to launch new features and programs designed to take the platform to the next level. “We are making some adjustments in our business model and launching an integrated training-cum-SaaS platform,” Kanoi revealed. This new platform will allow Foodcloud.in to onboard home chefs from regions they have yet to reach, significantly increasing their footprint across India.

Continue Exploring: Why this top chef is betting big on vegetarian ventures in a meat-loving world!

“We are continuously working on integrating more technology into our operations. For instance, during the pandemic, we experimented with AI-driven video and camera systems designed to monitor and ensure hygiene standards in kitchens. While we haven’t yet rolled this out on a large scale, we believe that in the coming months, we’ll be able to develop more advanced hygiene solutions. Our goal is to set a standard for hygiene that surpasses even that of traditional restaurants,” Kanoi informed.

Additionally, the company is working on an automated logistics system that will handle hundreds of orders with minimal manpower, further reducing costs. With these advancements, Foodcloud.in expects to onboard 12,000 home chefs within the next year and reach 35,000 to 50,000 within two years.

Road Ahead

While major food delivery brands like Zomato and Swiggy have dabbled in the home chef market, Kanoi believes Foodcloud.in has an edge. “The DNA of these organizations is different. They didn’t plan to be home chef aggregators,” he said. Foodcloud.in’s focus on home chefs and their unique needs gives it a competitive advantage.

Looking ahead, Kanoi is optimistic about the company’s growth prospects. “We’re pushing to take this platform to 10-12 cities, not just two or three,” he said. With plans to launch new logistics systems and training programs, Foodcloud.in is poised for exponential growth.

Continue Exploring: Greenday’s FMCG brand Better Nutrition taps MasterChef Pankaj Bhadouria as investor

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Curefoods secures nearly $10 Mn from Binny and Jitender Kumar Bansal

By
M Haziq Pandit
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Curefoods

Cloud kitchen startup Curefoods has secured an additional INR 80 crore (around $9.6 million) in debt financing from Binny Bansal and Jitender Kumar Bansal, as reported by Entrackr. This͏͏ marks͏͏ the͏͏ second͏͏ fundraising͏͏ round͏͏ for͏͏ the͏͏ Bengaluru-based͏͏ company͏͏ within͏͏ the͏͏ last͏͏ six͏͏ months.

The͏͏ ROC͏͏ filings͏͏ indicate͏͏ that͏͏ the͏͏ company͏͏ raised͏͏ INR͏͏ 80͏͏ crore͏͏ from͏͏ Binny͏͏ Bansal͏͏ and͏͏ Jitender͏͏ Kumar͏͏ Bansal͏͏ through͏͏ an͏͏ unsecured͏͏ member͏͏ deposit,͏͏ as͏͏ outlined͏͏ in͏͏ the͏͏ loan͏͏ agreement͏͏ between͏͏ the͏͏ company͏͏ and͏͏ the͏͏ two͏͏ investors.

Continue͏͏ Exploring:͏͏ Curefoods secures͏͏ additional͏͏ INR͏͏ 200͏͏ Crore͏͏ investment͏͏ from͏͏ Binny͏͏ Bansal’s͏͏ Three͏͏ State͏͏ Ventures,͏͏ round͏͏ size͏͏ hits͏͏ INR͏͏ 500͏͏ Crore

Recent͏͏ Series͏͏ D͏͏ Funding:

In͏͏ March,͏͏ Curefoods͏͏ secured͏͏ $25͏͏ million͏͏ in͏͏ Series͏͏ D͏͏ funding͏͏ from͏͏ Three͏͏ State͏͏ Ventures,͏͏ a͏͏ fund͏͏ established͏͏ by͏͏ a͏͏ Flipkart͏͏ co-founder.͏͏ According͏͏ to͏͏ startup͏͏ intelligence͏͏ platform͏͏ TheKredible,͏͏ the͏͏ company͏͏ has͏͏ raised͏͏ over͏͏ $200͏͏ million͏͏ to͏͏ date.

Curefoods͏͏ is͏͏ reportedly͏͏ in͏͏ talks͏͏ to͏͏ raise͏͏ $40͏͏ million͏͏ as͏͏ part͏͏ of͏͏ its͏͏ Series͏͏ D͏͏ round,͏͏ through͏͏ a͏͏ mix͏͏ of͏͏ primary͏͏ and͏͏ secondary͏͏ transactions,͏͏ according͏͏ to͏͏ a͏͏ Moneycontrol͏͏ report.͏͏ The͏͏ company’s͏͏ valuation͏͏ could͏͏ potentially͏͏ hit͏͏ the͏͏ $500͏͏ million͏͏ mark.

Rapid͏͏ Expansion͏͏ Since͏͏ 2020:

Founded͏͏ in͏͏ 2020,͏͏ Curefoods͏͏ manages͏͏ brands͏͏ such͏͏ as͏͏ EatFit,͏͏ Yumlane,͏͏ Aligarh͏͏ House͏͏ Biryani,͏͏ Masalabox,͏͏ and͏͏ CakeZone.͏͏ The͏͏ company͏͏ operates͏͏ more͏͏ than͏͏ 100͏͏ kitchens͏͏ across͏͏ over͏͏ 200͏͏ locations͏͏ in͏͏ 15͏͏ cities,͏͏ supported͏͏ by͏͏ a͏͏ backend͏͏ infrastructure͏͏ that͏͏ includes͏͏ over͏͏ 7͏͏ food͏͏ factories͏͏ and͏͏ 150͏͏ multi-brand͏͏ cloud͏͏ kitchens.

Continue͏͏ Exploring:͏͏ Curefoods’͏͏ Olio͏͏ Pizza͏͏ plans͏͏ major͏͏ expansion͏͏ with͏͏ 500͏͏ outlets,͏͏ targets͏͏ INR͏͏ 500͏͏ Cr͏͏ turnover͏͏ by͏͏ 2026

Strategic͏͏ Acquisitions͏͏ and͏͏ Investments:

In͏͏ addition͏͏ to͏͏ consecutive͏͏ fundraising͏͏ efforts,͏͏ the͏͏ company͏͏ acquired͏͏ two͏͏ brands—YumLane͏͏ Pizza͏͏ and͏͏ Millet͏͏ Express—in͏͏ 2023.͏͏ In͏͏ December,͏͏ it͏͏ also͏͏ invested͏͏ INR͏͏ 10͏͏ crore͏͏ ($1.2͏͏ million)͏͏ in͏͏ Hogr,͏͏ a͏͏ social͏͏ platform͏͏ designed͏͏ for͏͏ restaurant͏͏ and͏͏ food͏͏ discovery.

Continue͏͏ Exploring:͏͏ Bengaluru-based͏͏ Curefoods invests͏͏ $1.2M͏͏ in͏͏ food͏͏ discovery͏͏ platform͏͏ Hogr

Curefoods͏͏ has͏͏ established͏͏ itself͏͏ as͏͏ the͏͏ second-largest͏͏ player͏͏ in͏͏ the͏͏ cloud͏͏ kitchen͏͏ industry,͏͏ following͏͏ Rebel͏͏ Foods.͏͏ Curefoods͏͏ reported͏͏ revenue͏͏ of͏͏ INR͏͏ 384͏͏ crore͏͏ in͏͏ FY23,͏͏ while͏͏ its͏͏ FY24͏͏ figures͏͏ are͏͏ yet͏͏ to͏͏ be͏͏ released.͏͏ Rebel͏͏ Foods͏͏ recorded͏͏ an͏͏ operating͏͏ revenue͏͏ of͏͏ INR͏͏ 1,420͏͏ crore͏͏ in͏͏ FY24.͏͏ Other͏͏ notable͏͏ companies͏͏ in͏͏ the͏͏ sector,͏͏ including͏͏ EatClub͏͏ and͏͏ Biryani͏͏ By͏͏ Kilo,͏͏ also͏͏ achieved͏͏ revenues͏͏ of͏͏ more͏͏ than͏͏ INR͏͏ 300͏͏ crore͏͏ in͏͏ FY23.

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Amul crosses INR 59,545 Cr sales turnover, marks 8% YoY growth

By
M Haziq Pandit
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0
Amul
Amul

The Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the popular Amul brand, held its 50th Annual General Meeting on 28 September 2024. In͏͏ its͏͏ Golden͏͏ Jubilee͏͏ year,͏͏ GCMMF͏͏ reported͏͏ a͏͏ turnover͏͏ of͏͏ INR͏͏ 59,545͏͏ crores͏͏ (USD͏͏ 7͏͏ billion)͏͏ for͏͏ FY͏͏ 2023-24,͏͏ reflecting͏͏ 8%͏͏ YoY͏͏ growth.͏͏ The͏͏ group͏͏ turnover͏͏ of͏͏ Brand͏͏ Amul͏͏ increased͏͏ to͏͏ INR͏͏ 80,000͏͏ crores͏͏ (USD͏͏ 10͏͏ billion)͏͏ in͏͏ 2023-24,͏͏ up͏͏ from͏͏ INR͏͏ 72,000͏͏ crores͏͏ (USD͏͏ 9͏͏ billion)͏͏ in͏͏ 2022-23.

Amul:͏͏ World’s͏͏ Strongest͏͏ Food͏͏ Brand

Amul͏͏ has͏͏ been͏͏ ranked͏͏ the͏͏ world’s͏͏ strongest͏͏ food͏͏ brand͏͏ and͏͏ the͏͏ top͏͏ dairy͏͏ brand͏͏ by͏͏ Brand͏͏ Finance,͏͏ UK,͏͏ a͏͏ leading͏͏ global͏͏ brand͏͏ consultancy.͏͏ The͏͏ brand’s͏͏ strength͏͏ is͏͏ credited͏͏ to͏͏ its͏͏ strong͏͏ performance͏͏ across͏͏ familiarity,͏͏ consideration,͏͏ and͏͏ recommendation͏͏ metrics.

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

GCMMF,͏͏ the͏͏ largest͏͏ farmer-owned͏͏ dairy͏͏ cooperative͏͏ globally,͏͏ comprises͏͏ 36͏͏ lakh͏͏ farmers͏͏ from͏͏ 18,600͏͏ villages͏͏ in͏͏ Gujarat͏͏ and͏͏ 18͏͏ member͏͏ unions,͏͏ collectively͏͏ procuring͏͏ 300͏͏ lakh͏͏ litres͏͏ of͏͏ milk͏͏ daily.͏͏ According͏͏ to͏͏ the͏͏ International͏͏ Farm͏͏ Comparison͏͏ Network͏͏ (IFCN),͏͏ GCMMF͏͏ ranks͏͏ 8th͏͏ among͏͏ the͏͏ top͏͏ 20͏͏ dairy͏͏ companies͏͏ worldwide͏͏ in͏͏ milk͏͏ processing.

Shamalbhai͏͏ Patel,͏͏ Chairman͏͏ of͏͏ GCMMF,͏͏ stated,͏͏ “In͏͏ our͏͏ golden͏͏ jubilee͏͏ year,͏͏ GCMMF͏͏ has͏͏ reached͏͏ a͏͏ historic͏͏ milestone͏͏ by͏͏ becoming͏͏ the͏͏ world’s͏͏ strongest͏͏ food͏͏ brand.͏͏ We͏͏ are͏͏ focused͏͏ on͏͏ continuous͏͏ expansion͏͏ by͏͏ entering͏͏ new͏͏ markets,͏͏ launching͏͏ new͏͏ products,͏͏ and͏͏ increasing͏͏ milk͏͏ processing͏͏ capacities͏͏ across͏͏ India.”

Valamjibhai͏͏ Humbal,͏͏ Vice͏͏ Chairman͏͏ of͏͏ GCMMF,͏͏ expressed͏͏ sincere͏͏ gratitude͏͏ on͏͏ behalf͏͏ of͏͏ 36͏͏ lakh͏͏ milk͏͏ producer͏͏ members͏͏ of͏͏ Gujarat͏͏ to͏͏ the͏͏ Government͏͏ of͏͏ Gujarat͏͏ and͏͏ the͏͏ Government͏͏ of͏͏ India͏͏ for͏͏ their͏͏ ongoing͏͏ and͏͏ timely͏͏ support͏͏ of͏͏ various͏͏ schemes͏͏ for͏͏ milk͏͏ producers.͏͏ “We͏͏ also͏͏ extend͏͏ our͏͏ thanks͏͏ to͏͏ Hon.͏͏ Prime͏͏ Minister͏͏ Shri͏͏ Narendra͏͏ Modi͏͏ and͏͏ Hon.͏͏ Minister͏͏ of͏͏ Home͏͏ Affairs͏͏ and͏͏ Cooperation͏͏ Shri͏͏ Amit͏͏ Shah͏͏ for͏͏ their͏͏ unwavering͏͏ focus͏͏ on͏͏ developing͏͏ the͏͏ cooperative͏͏ sector,͏͏ inspiring͏͏ us͏͏ to͏͏ become͏͏ part͏͏ of͏͏ the͏͏ global͏͏ food͏͏ basket,͏͏ and͏͏ helping͏͏ double͏͏ farmers’͏͏ incomes.”

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

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

By
M Haziq Pandit
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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

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M Haziq Pandit
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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

By
M Haziq Pandit
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0
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

By
M Haziq Pandit
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0
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

By
M Haziq Pandit
-
0
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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