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

By
M Haziq Pandit
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0
Jaipur Watch Company

Luxury brand Jaipur Watch Company has entered the women’s watch market with the launch of its new collection,͏͏ ‘Brides͏͏ of͏͏ Jaipur’.

“We͏͏ recognised͏͏ that͏͏ we͏͏ were͏͏ missing͏͏ out͏͏ on͏͏ 50%͏͏ of͏͏ the͏͏ market,͏͏ which͏͏ motivated͏͏ our͏͏ entry͏͏ into͏͏ the͏͏ women’s͏͏ segment,”͏͏ said͏͏ Gaurav Mehta,͏͏ Founder͏͏ of͏͏ Jaipur͏͏ Watch͏͏ Company.

Sales͏͏ Projections͏͏ and͏͏ Growth͏͏ Goals:

Mehta͏͏ anticipates͏͏ that͏͏ the͏͏ new͏͏ collection,͏͏ priced͏͏ at͏͏ an͏͏ average͏͏ of͏͏ INR͏͏ 40,000,͏͏ will͏͏ contribute͏͏ around͏͏ 20%͏͏ of͏͏ the͏͏ company’s͏͏ sales͏͏ by͏͏ the͏͏ end͏͏ of͏͏ the͏͏ upcoming͏͏ calendar͏͏ year.

Jaipur͏͏ Watch͏͏ Company͏͏ is͏͏ currently͏͏ reporting͏͏ annual͏͏ sales͏͏ of͏͏ INR͏͏ 12͏͏ crore͏͏ and͏͏ aims͏͏ to͏͏ more͏͏ than͏͏ double͏͏ its͏͏ run͏͏ rate͏͏ to͏͏ INR͏͏ 28-30͏͏ crore͏͏ by͏͏ the͏͏ end͏͏ of͏͏ the͏͏ next͏͏ fiscal͏͏ year,͏͏ he͏͏ stated.

The͏͏ brand͏͏ operates͏͏ in͏͏ the͏͏ bridge-to-luxury͏͏ segment.͏͏ Mehta͏͏ noted͏͏ that͏͏ in͏͏ the͏͏ over͏͏ INR͏͏ 35,000͏͏ price͏͏ range,͏͏ the͏͏ watch͏͏ market͏͏ is͏͏ valued͏͏ at͏͏ INR͏͏ 3,000͏͏ crore,͏͏ with͏͏ women’s͏͏ watches͏͏ accounting͏͏ for͏͏ 30%͏͏ of͏͏ the͏͏ market͏͏ share.

Continue͏͏ Exploring:͏͏ Swiss͏͏ watchmakers͏͏ bullish͏͏ on͏͏ India’s͏͏ growing͏͏ luxury͏͏ market:͏͏ Deloitte͏͏ Report

Strategic͏͏ Expansion͏͏ Plans:

In͏͏ terms͏͏ of͏͏ expansion,͏͏ Jaipur͏͏ Watch͏͏ Company͏͏ aims͏͏ to͏͏ increase͏͏ its͏͏ brand͏͏ outlets͏͏ to͏͏ 10͏͏ by͏͏ the͏͏ end͏͏ of͏͏ this͏͏ year.͏͏ The͏͏ retailer͏͏ is͏͏ also͏͏ in͏͏ the͏͏ process͏͏ of͏͏ opening͏͏ its͏͏ first͏͏ store͏͏ in͏͏ Dubai,͏͏ marking͏͏ its͏͏ entry͏͏ into͏͏ international͏͏ markets.

Earlier͏͏ in͏͏ May,͏͏ the͏͏ brand͏͏ raised͏͏ INR͏͏ 2.4͏͏ crore͏͏ from͏͏ Nirav͏͏ Jogani͏͏ of͏͏ Lemon͏͏ Funds͏͏ and͏͏ Jignesh͏͏ Shah͏͏ of͏͏ Dev͏͏ Diamonds͏͏ and͏͏ Lucky͏͏ Jewellery.͏͏ Mehta͏͏ revealed͏͏ that͏͏ the͏͏ company͏͏ has͏͏ since͏͏ secured͏͏ an͏͏ additional͏͏ INR͏͏ 1.5͏͏ crore͏͏ in͏͏ a͏͏ bridge͏͏ round͏͏ from͏͏ existing͏͏ investors,͏͏ bringing͏͏ the͏͏ total͏͏ funds͏͏ raised͏͏ to͏͏ INR͏͏ 5͏͏ crore.

Continue͏͏ Exploring:͏͏ Jaipur Watch Company secures͏͏ INR͏͏ 2.4͏͏ Cr͏͏ in͏͏ funding,͏͏ eyes͏͏ further͏͏ expansion͏͏ with͏͏ larger͏͏ round

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Marico aims to double food business by FY27 with focus on innovation and distribution expansion

By
M Haziq Pandit
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0
Marico

FMCG giant Marico aims to enhance its presence in current categories while leveraging innovations to double its food business by FY27. The͏͏ company͏͏ anticipates͏͏ a͏͏ growth͏͏ rate͏͏ of͏͏ 20-25%͏͏ CAGR͏͏ for͏͏ this͏͏ segment.

Collaboration͏͏ with͏͏ NIFTEM͏͏ for͏͏ Enhanced͏͏ R&D͏͏ and͏͏ Skill͏͏ Development:

The͏͏ company͏͏ has͏͏ signed͏͏ an͏͏ MoU͏͏ with͏͏ the͏͏ National͏͏ Institute͏͏ of͏͏ Food͏͏ Technology͏͏ Entrepreneurship͏͏ and͏͏ Management͏͏ (NIFTEM)͏͏ at͏͏ World͏͏ Food͏͏ India͏͏ 2024.͏͏ This͏͏ collaboration͏͏ will͏͏ focus͏͏ on͏͏ advancing͏͏ skill͏͏ development,͏͏ technology͏͏ sharing,͏͏ and͏͏ enhancing͏͏ capabilities͏͏ within͏͏ Marico’s͏͏ R&D͏͏ operations.

Continue͏͏ Exploring:͏͏ Marico expects͏͏ foods and͏͏ premium͏͏ personal͏͏ care͏͏ segments͏͏ to͏͏ drive͏͏ 25%͏͏ of͏͏ revenue͏͏ by͏͏ FY27

During͏͏ the͏͏ WFI͏͏ Conclave,͏͏ Vaibhav͏͏ Bhanchawat,͏͏ Chief͏͏ Operating͏͏ Officer͏͏ -͏͏ India͏͏ &͏͏ Foods͏͏ Business͏͏ at͏͏ Marico͏͏ Ltd,͏͏ stated,͏͏ “We͏͏ have͏͏ achieved͏͏ significant͏͏ success͏͏ in͏͏ the͏͏ food͏͏ category͏͏ over͏͏ the͏͏ past͏͏ few͏͏ years.͏͏ Our͏͏ goal͏͏ is͏͏ to͏͏ double͏͏ our͏͏ foods͏͏ business͏͏ by͏͏ FY27,͏͏ which͏͏ includes͏͏ the͏͏ Plix͏͏ and͏͏ True͏͏ Elements͏͏ portfolios,͏͏ aligning͏͏ perfectly͏͏ with͏͏ our͏͏ overall͏͏ diversification͏͏ strategy.”

Innovative͏͏ Product͏͏ Launches͏͏ Set͏͏ to͏͏ Drive͏͏ Growth:

He͏͏ added,͏͏ “Examining͏͏ the͏͏ penetration͏͏ levels͏͏ in͏͏ the͏͏ categories͏͏ where͏͏ we͏͏ operate͏͏ reveals͏͏ significant͏͏ growth͏͏ potential.͏͏ Our͏͏ recent͏͏ launches,͏͏ including͏͏ the͏͏ Masala͏͏ Oats͏͏ gourmet͏͏ range,͏͏ Masala͏͏ Millets,͏͏ Crunchiez͏͏ Millet͏͏ Cones,͏͏ and͏͏ Muesli,͏͏ are͏͏ just͏͏ the͏͏ beginning.͏͏ As͏͏ we͏͏ expand͏͏ these͏͏ offerings,͏͏ we͏͏ anticipate͏͏ a͏͏ major͏͏ unlock͏͏ in͏͏ growth.͏͏ Additionally,͏͏ we͏͏ have͏͏ a͏͏ robust͏͏ innovation͏͏ pipeline͏͏ aimed͏͏ at͏͏ capitalising͏͏ on͏͏ key͏͏ consumption͏͏ trends͏͏ related͏͏ to͏͏ convenience͏͏ and͏͏ health.”

Project͏͏ SETU:͏͏ Expanding͏͏ Store͏͏ Reach

Marico͏͏ aims͏͏ to͏͏ expand͏͏ its͏͏ direct͏͏ reach͏͏ to͏͏ over͏͏ 1.5͏͏ million͏͏ stores͏͏ within͏͏ three͏͏ years͏͏ through͏͏ its͏͏ Project͏͏ SETU͏͏ initiative.͏͏ Bhanchawat͏͏ noted͏͏ that͏͏ the͏͏ food͏͏ portfolio͏͏ will͏͏ be͏͏ a͏͏ key͏͏ beneficiary͏͏ of͏͏ this͏͏ strategy.͏͏ “We͏͏ will͏͏ utilise͏͏ the͏͏ distribution͏͏ strength͏͏ of͏͏ our͏͏ core͏͏ brands͏͏ to͏͏ enhance͏͏ the͏͏ reach͏͏ of͏͏ our͏͏ new͏͏ portfolios.͏͏ For͏͏ example,͏͏ Masala͏͏ Oats͏͏ currently͏͏ has͏͏ a͏͏ distribution͏͏ reach͏͏ of͏͏ over͏͏ 250,000͏͏ outlets,͏͏ and͏͏ this͏͏ will͏͏ continue͏͏ to͏͏ grow.͏͏ However,͏͏ each͏͏ category͏͏ will͏͏ have͏͏ its͏͏ own͏͏ unique͏͏ approach,͏͏ so͏͏ not͏͏ everything͏͏ will͏͏ be͏͏ mass͏͏ marketed,”͏͏ he͏͏ added.

In͏͏ response͏͏ to͏͏ a͏͏ question͏͏ about͏͏ the͏͏ expansion͏͏ strategy͏͏ for͏͏ the͏͏ Saffola͏͏ foods͏͏ portfolio,͏͏ Bhanchawat͏͏ explained,͏͏ “We͏͏ are͏͏ concentrating͏͏ on͏͏ expanding͏͏ our͏͏ Total͏͏ Addressable͏͏ Market͏͏ (TAM)͏͏ and͏͏ reaching͏͏ various͏͏ consumer͏͏ segments.͏͏ Additionally,͏͏ we͏͏ aim͏͏ to͏͏ cater͏͏ to͏͏ different͏͏ consumption͏͏ occasions͏͏ throughout͏͏ the͏͏ day͏͏ with͏͏ our͏͏ offerings.”

Continue͏͏ Exploring:͏͏ Marico expands͏͏ Saffola͏͏ range͏͏ with͏͏ launch͏͏ of͏͏ Masala͏͏ Millets͏͏ in͏͏ two͏͏ flavours

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FMCG giant BL Agro sets sights on INR 20,000 Cr turnover by 2030

By
M Haziq Pandit
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0
FMCG BL Agro

BL Agro Group, an FMCG company, is aiming for a turnover of INR 20,000 crore by 2030, focusing on sustainability, innovation, and community upliftment, according to Managing Director Ashish Khandelwal.

Strategic͏͏ Initiatives͏͏ for͏͏ Growth:

The͏͏ company͏͏ is͏͏ driving͏͏ growth͏͏ through͏͏ several͏͏ initiatives,͏͏ including͏͏ expanding͏͏ BL͏͏ Agro͏͏ into͏͏ Jharkhand͏͏ and͏͏ launching͏͏ a͏͏ millet-based͏͏ venture͏͏ to͏͏ support͏͏ tribal͏͏ communities.͏͏ Under͏͏ BL͏͏ Kamadhenu,͏͏ it͏͏ is͏͏ developing͏͏ a͏͏ model͏͏ dairy͏͏ farm͏͏ and͏͏ IVF͏͏ lab͏͏ with͏͏ 5,000͏͏ indigenous͏͏ cows.͏͏ Additionally,͏͏ it͏͏ plans͏͏ to͏͏ open͏͏ an͏͏ integrated͏͏ milk͏͏ processing͏͏ unit͏͏ with͏͏ a͏͏ capacity͏͏ of͏͏ 300,000͏͏ litres͏͏ per͏͏ day͏͏ and͏͏ a͏͏ cattle͏͏ feed͏͏ manufacturing͏͏ unit͏͏ producing͏͏ 7,500͏͏ metric͏͏ tonnes͏͏ of͏͏ balanced͏͏ feed͏͏ monthly.

“We͏͏ don’t͏͏ view͏͏ ‘Vision͏͏ 2030’͏͏ as͏͏ just͏͏ a͏͏ growth͏͏ plan;͏͏ it’s͏͏ a͏͏ commitment͏͏ to͏͏ driving͏͏ meaningful͏͏ change͏͏ across͏͏ the͏͏ agri-food͏͏ chain.͏͏ By͏͏ investing͏͏ in͏͏ innovative͏͏ solutions͏͏ like͏͏ dairy͏͏ technology,͏͏ sustainable͏͏ fodder͏͏ production,͏͏ and͏͏ space-tech-driven͏͏ analytics,͏͏ we’re͏͏ creating͏͏ a͏͏ future͏͏ where͏͏ every͏͏ part͏͏ of͏͏ the͏͏ chain͏͏ is͏͏ more͏͏ efficient,͏͏ sustainable,͏͏ and͏͏ beneficial͏͏ for͏͏ both͏͏ farmers͏͏ and͏͏ consumers,”͏͏ he͏͏ said.

The͏͏ company͏͏ plans͏͏ to͏͏ invest͏͏ INR͏͏ 1,000͏͏ crore͏͏ to͏͏ expand͏͏ its͏͏ BL͏͏ Kamadhenu͏͏ brand.

“We͏͏ will͏͏ invest͏͏ INR͏͏ 200͏͏ crore͏͏ in͏͏ developing͏͏ the͏͏ research͏͏ centre,͏͏ INR͏͏ 200͏͏ crore͏͏ in͏͏ establishing͏͏ a͏͏ compressed͏͏ biogas͏͏ plant,͏͏ INR͏͏ 100͏͏ crore͏͏ in͏͏ purchasing͏͏ cows,͏͏ and͏͏ INR͏͏ 500͏͏ crore͏͏ will͏͏ be͏͏ allocated͏͏ for͏͏ importing͏͏ embryos͏͏ to͏͏ enhance͏͏ the͏͏ cow͏͏ breed,”͏͏ he͏͏ explained.

“Currently,͏͏ the͏͏ projected͏͏ investment͏͏ for͏͏ the͏͏ next͏͏ two͏͏ years͏͏ is͏͏ INR͏͏ 1,000͏͏ crore,͏͏ which͏͏ may͏͏ increase͏͏ by͏͏ INR͏͏ 100-200͏͏ crore,”͏͏ he͏͏ added.

Milk͏͏ Processing͏͏ Plant͏͏ Launch͏͏ by͏͏ 2028:

The͏͏ company͏͏ is͏͏ establishing͏͏ a͏͏ milk͏͏ processing͏͏ plant͏͏ with͏͏ a͏͏ capacity͏͏ of͏͏ 3͏͏ lakh͏͏ litres͏͏ per͏͏ day,͏͏ expected͏͏ to͏͏ be͏͏ operational͏͏ by͏͏ 2028.

Continue͏͏ Exploring:͏͏ Indian͏͏ FMCG giant BL Agro announces͏͏ INR͏͏ 1,000͏͏ crore͏͏ investment͏͏ in͏͏ dairy͏͏ industry

“We͏͏ will͏͏ use͏͏ this͏͏ milk͏͏ to͏͏ produce͏͏ cheese͏͏ and͏͏ protein͏͏ shakes,͏͏ launching͏͏ them͏͏ under͏͏ Nourish’s͏͏ premium͏͏ category.͏͏ In͏͏ the͏͏ future,͏͏ we͏͏ also͏͏ plan͏͏ to͏͏ introduce͏͏ yogurt,”͏͏ said͏͏ Navneet͏͏ Ravikar,͏͏ Director͏͏ of͏͏ BL͏͏ Kamadhenu.

“We͏͏ expect͏͏ to͏͏ see͏͏ a͏͏ return͏͏ on͏͏ investment͏͏ for͏͏ BL͏͏ Kamadhenu͏͏ by͏͏ 2030,”͏͏ he͏͏ added.

Revenue͏͏ Growth͏͏ Projections:

The͏͏ company,͏͏ which͏͏ recorded͏͏ INR͏͏ 6,000͏͏ crore͏͏ in͏͏ revenue͏͏ last͏͏ fiscal͏͏ year,͏͏ is͏͏ aiming͏͏ for͏͏ INR͏͏ 7,500͏͏ crore͏͏ in͏͏ revenue͏͏ this͏͏ year.

By͏͏ 2030,͏͏ BL͏͏ Agro’s͏͏ manufacturing͏͏ capacity͏͏ will͏͏ be͏͏ 90%͏͏ utilised.͏͏ In͏͏ 2025,͏͏ the͏͏ company͏͏ will͏͏ add͏͏ another͏͏ manufacturing͏͏ unit͏͏ for͏͏ Nourish.

“We͏͏ will͏͏ invest͏͏ INR͏͏ 500͏͏ crore͏͏ to͏͏ quadruple͏͏ our͏͏ capacity.͏͏ Currently,͏͏ we͏͏ produce͏͏ 4,000͏͏ tonnes͏͏ of͏͏ food͏͏ products͏͏ under͏͏ Nourish͏͏ and͏͏ 3,000͏͏ metric͏͏ tonnes͏͏ of͏͏ oil͏͏ under͏͏ Bail͏͏ Kolhu,”͏͏ Khandelwal͏͏ explained.

New͏͏ Product͏͏ Launches͏͏ on͏͏ the͏͏ Horizon:

The͏͏ brand͏͏ currently͏͏ offers͏͏ 80͏͏ SKUs͏͏ under͏͏ Nourish͏͏ and͏͏ 7͏͏ SKUs͏͏ under͏͏ Bail͏͏ Kolhu.

“Once͏͏ the͏͏ new͏͏ manufacturing͏͏ unit͏͏ is͏͏ established,͏͏ we͏͏ will͏͏ introduce͏͏ 7-8͏͏ new͏͏ SKUs͏͏ in͏͏ categories͏͏ such͏͏ as͏͏ pickles,͏͏ honey,͏͏ and͏͏ pasta,͏͏ among͏͏ others,”͏͏ Khandelwal͏͏ added.

Continue͏͏ Exploring:͏͏ BL Agro announces͏͏ INR͏͏ 500͏͏ Crore͏͏ investment͏͏ in͏͏ Telangana,͏͏ signs͏͏ MoU͏͏ with͏͏ govt͏͏ to͏͏ establish͏͏ manufacturing͏͏ unit͏͏ for͏͏ Nourish͏͏ brand͏͏ products

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Nykaa completes acquisition of additional 39% stake in Dot & Key for INR 265.3 Cr

By
M Haziq Pandit
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0
Nykaa

Nykaa, a leading player in beauty and e-commerce, has completed the acquisition of an additional 39% stake in Kolkata-based skincare brand Dot & Key for INR 265.3 crore.

Stake͏͏ Increase͏͏ to͏͏ 90%:

Following͏͏ the͏͏ latest͏͏ transaction,͏͏ Nykaa’s͏͏ stake͏͏ in͏͏ Dot͏͏ &͏͏ Key͏͏ has͏͏ risen͏͏ to͏͏ 90%,͏͏ up͏͏ from͏͏ 51%͏͏ previously,͏͏ as͏͏ stated͏͏ in͏͏ an͏͏ exchange͏͏ filing͏͏ on͏͏ Saturday͏͏ (September͏͏ 21).

Last͏͏ month,͏͏ Nykaa͏͏ announced͏͏ its͏͏ plan͏͏ to͏͏ acquire͏͏ 5.29͏͏ lakh͏͏ equity͏͏ shares͏͏ of͏͏ Dot͏͏ &͏͏ Key͏͏ from͏͏ promoters͏͏ and͏͏ existing͏͏ shareholders.

Continue͏͏ Exploring:͏͏ Nykaa to͏͏ increase͏͏ stake͏͏ in͏͏ Dot & Key and͏͏ Earth͏͏ Rhythm͏͏ with͏͏ INR͏͏ 309.8͏͏ Cr͏͏ investment

Importantly,͏͏ Dot͏͏ &͏͏ Key͏͏ is͏͏ Nykaa’s͏͏ first͏͏ acquisition͏͏ of͏͏ a͏͏ direct-to-consumer͏͏ (D2C)͏͏ brand,͏͏ having͏͏ initially͏͏ acquired͏͏ a͏͏ 51%͏͏ stake͏͏ in͏͏ 2021.

Founded͏͏ in͏͏ 2018,͏͏ Dot͏͏ &͏͏ Key͏͏ offers͏͏ unique͏͏ skincare͏͏ solutions.͏͏ Nykaa͏͏ has͏͏ previously͏͏ indicated͏͏ that͏͏ the͏͏ brand͏͏ has͏͏ been͏͏ profitable͏͏ since͏͏ the͏͏ fourth͏͏ quarter͏͏ of͏͏ the͏͏ 2022-23͏͏ financial͏͏ year.͏͏ In͏͏ FY24,͏͏ Dot͏͏ &͏͏ Key’s͏͏ revenue͏͏ soared͏͏ by͏͏ 244%,͏͏ reaching͏͏ INR͏͏ 198.3͏͏ crore,͏͏ up͏͏ from͏͏ INR͏͏ 57.7͏͏ crore͏͏ the͏͏ previous͏͏ year.

Nykaa’s͏͏ Continued͏͏ Investment͏͏ Strategy:

In͏͏ its͏͏ Q1͏͏ FY25͏͏ earnings͏͏ statement,͏͏ Nykaa͏͏ founder͏͏ and͏͏ chairman͏͏ Falguni͏͏ Nayar͏͏ remarked,͏͏ “This͏͏ has͏͏ been͏͏ a͏͏ fantastic͏͏ investment͏͏ for͏͏ Nykaa,͏͏ which͏͏ is͏͏ why͏͏ we’ve͏͏ decided͏͏ to͏͏ acquire͏͏ an͏͏ additional͏͏ 39%͏͏ stake.͏͏ What͏͏ we͏͏ appreciate͏͏ about͏͏ Dot͏͏ &͏͏ Key͏͏ is͏͏ its͏͏ differentiated͏͏ product͏͏ range,͏͏ along͏͏ with͏͏ its͏͏ innovative͏͏ and͏͏ patented͏͏ packaging͏͏ that͏͏ stands͏͏ out͏͏ in͏͏ the͏͏ market.”

Additional͏͏ Stake͏͏ in͏͏ Earth͏͏ Rhythm:

In͏͏ addition͏͏ to͏͏ Dot͏͏ &͏͏ Key,͏͏ Nykaa͏͏ has͏͏ also͏͏ announced͏͏ plans͏͏ to͏͏ acquire͏͏ an͏͏ additional͏͏ stake͏͏ in͏͏ beauty͏͏ brand͏͏ Earth͏͏ Rhythm͏͏ for͏͏ INR͏͏ 44.5͏͏ crore,͏͏ with͏͏ the͏͏ deal͏͏ expected͏͏ to͏͏ be͏͏ finalized͏͏ by͏͏ September͏͏ 2025.

Established͏͏ in͏͏ 2019,͏͏ Earth͏͏ Rhythm͏͏ is͏͏ a͏͏ direct-to-consumer͏͏ (D2C)͏͏ skincare͏͏ and͏͏ beauty͏͏ brand͏͏ offering͏͏ over͏͏ 250͏͏ SKUs.͏͏ Its͏͏ revenue͏͏ increased͏͏ by͏͏ 20.3%͏͏ to͏͏ INR͏͏ 30.7͏͏ crore͏͏ in͏͏ FY24,͏͏ up͏͏ from͏͏ INR͏͏ 24.5͏͏ crore͏͏ in͏͏ FY23.

It’s͏͏ important͏͏ to͏͏ note͏͏ that͏͏ Nykaa͏͏ acquired͏͏ an͏͏ 18.6%͏͏ stake͏͏ in͏͏ Earth͏͏ Rhythm͏͏ in͏͏ 2022.

These͏͏ acquisitions͏͏ are͏͏ part͏͏ of͏͏ Nykaa’s͏͏ broader͏͏ strategy͏͏ to͏͏ enhance͏͏ its͏͏ presence͏͏ in͏͏ India’s͏͏ beauty͏͏ and͏͏ personal͏͏ care͏͏ sector—a͏͏ rapidly͏͏ growing͏͏ market͏͏ projected͏͏ to͏͏ reach͏͏ $28͏͏ billion͏͏ by͏͏ 2030,͏͏ representing͏͏ 7%͏͏ of͏͏ the͏͏ e-commerce͏͏ market.

To͏͏ boost͏͏ its͏͏ revenue͏͏ and͏͏ attract͏͏ more͏͏ customers,͏͏ Nykaa͏͏ has͏͏ expanded͏͏ its͏͏ same-day͏͏ and͏͏ next-day͏͏ delivery͏͏ services.͏͏ During͏͏ the͏͏ company’s͏͏ 12th͏͏ annual͏͏ general͏͏ meeting,͏͏ CEO͏͏ Nayar͏͏ announced͏͏ that͏͏ Nykaa͏͏ is͏͏ now͏͏ delivering͏͏ 60%͏͏ of͏͏ its͏͏ orders͏͏ the͏͏ following͏͏ day͏͏ in͏͏ the͏͏ top͏͏ 110͏͏ cities,͏͏ which͏͏ represent͏͏ two-thirds͏͏ of͏͏ the͏͏ company’s͏͏ total͏͏ order͏͏ volumes.

Continue͏͏ Exploring:͏͏ Nykaa’s͏͏ Q1͏͏ FY25͏͏ net͏͏ profit͏͏ soars͏͏ 152%͏͏ to͏͏ INR͏͏ 13.6͏͏ Cr;͏͏ revenue͏͏ up͏͏ 22.8%

Expansion͏͏ into͏͏ the͏͏ Middle͏͏ East͏͏ Market:

The͏͏ e-commerce͏͏ giant͏͏ has͏͏ been͏͏ ramping͏͏ up͏͏ its͏͏ efforts͏͏ to͏͏ expand͏͏ its͏͏ presence͏͏ in͏͏ the͏͏ Middle͏͏ East.͏͏ Nykaa͏͏ has͏͏ established͏͏ two͏͏ new͏͏ subsidiaries͏͏ in͏͏ Qatar͏͏ and͏͏ Saudi͏͏ Arabia͏͏ under͏͏ the͏͏ brand͏͏ name͏͏ Nysaa,͏͏ aiming͏͏ to͏͏ capitalise͏͏ on͏͏ market͏͏ opportunities͏͏ in͏͏ the͏͏ Gulf͏͏ Cooperation͏͏ Council͏͏ (GCC)͏͏ region.

The͏͏ GCC͏͏ boasts͏͏ an͏͏ impressive͏͏ per͏͏ capita͏͏ spending͏͏ of͏͏ $500͏͏ per͏͏ year͏͏ on͏͏ beauty͏͏ and͏͏ personal͏͏ care͏͏ products,͏͏ making͏͏ it͏͏ one͏͏ of͏͏ the͏͏ highest͏͏ in͏͏ the͏͏ world.

Continue͏͏ Exploring:͏͏ Nykaa strengthens͏͏ GCC͏͏ footprint͏͏ with͏͏ new͏͏ subsidiary͏͏ Nysaa͏͏ Trading͏͏ LLC͏͏ in͏͏ Saudi͏͏ Arabia

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GlobalBees acquires additional 22.5% stake in Solarista for INR 5.88 Cr

By
M Haziq Pandit
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0
GlobalBees
GlobalBees

GlobalBees,͏͏ a͏͏ subsidiary͏͏ of͏͏ kids-focused͏͏ omnichannel͏͏ retailer͏͏ FirstCry,͏͏ has͏͏ increased͏͏ its͏͏ stake͏͏ in͏͏ Solarista͏͏ Renewables,͏͏ which͏͏ sells͏͏ bags͏͏ and͏͏ rainwear͏͏ under͏͏ the͏͏ brand͏͏ ‘The͏͏ Clownfish’,͏͏ by͏͏ acquiring͏͏ an͏͏ additional͏͏ 22.5%͏͏ for͏͏ INR͏͏ 5.88͏͏ crore͏͏ in͏͏ an͏͏ all-cash͏͏ transaction.

This͏͏ investment͏͏ comes͏͏ after͏͏ a͏͏ shareholder͏͏ agreement͏͏ made͏͏ in͏͏ April͏͏ 2022,͏͏ raising͏͏ GlobalBees’͏͏ total͏͏ stake͏͏ in͏͏ Solarista͏͏ to͏͏ 75%,͏͏ as͏͏ noted͏͏ in͏͏ an͏͏ exchange͏͏ filing.

Solarista’s͏͏ Growth͏͏ in͏͏ Revenue:

Solarista͏͏ Renewables͏͏ recorded͏͏ a͏͏ turnover͏͏ of͏͏ INR͏͏ 34.18͏͏ crore͏͏ for͏͏ the͏͏ fiscal͏͏ year͏͏ 2023-24,͏͏ marking͏͏ a͏͏ substantial͏͏ increase͏͏ from͏͏ INR͏͏ 22.5͏͏ crore͏͏ in͏͏ 2021-22.

Additionally,͏͏ the͏͏ deal͏͏ was͏͏ executed͏͏ at͏͏ arm’s͏͏ length,͏͏ indicating͏͏ that͏͏ it͏͏ was͏͏ carried͏͏ out͏͏ fairly,͏͏ without͏͏ any͏͏ preferential͏͏ arrangements͏͏ between͏͏ the͏͏ parties͏͏ involved.

Continue͏͏ Exploring:͏͏ GlobalBees acquires͏͏ additional͏͏ 23%͏͏ in͏͏ Frootle͏͏ and͏͏ Wellspire͏͏ India,͏͏ raising͏͏ stake͏͏ to͏͏ 74%

FirstCry’s͏͏ Investment͏͏ in͏͏ UAE͏͏ Subsidiary:

This͏͏ investment͏͏ follows͏͏ closely͏͏ on͏͏ the͏͏ heels͏͏ of͏͏ FirstCry’s͏͏ parent͏͏ company,͏͏ Brainbees͏͏ Solutions͏͏ Limited,͏͏ announcing͏͏ an͏͏ investment͏͏ of͏͏ AED͏͏ 50͏͏ million͏͏ (approximately͏͏ INR͏͏ 114.1͏͏ crore)͏͏ in͏͏ its͏͏ UAE͏͏ subsidiary,͏͏ FirstCry͏͏ Management͏͏ DWC͏͏ LLC.

Q1͏͏ FY25͏͏ Financial͏͏ Performance:

Notably,͏͏ Brainbees͏͏ Solutions͏͏ reduced͏͏ its͏͏ consolidated͏͏ net͏͏ loss͏͏ by͏͏ 31%͏͏ in͏͏ Q1͏͏ FY25,͏͏ bringing͏͏ it͏͏ down͏͏ to͏͏ INR͏͏ 75.68͏͏ crore,͏͏ compared͏͏ to͏͏ INR͏͏ 110.42͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.

Operating͏͏ revenue͏͏ grew͏͏ by͏͏ 10%,͏͏ reaching͏͏ INR͏͏ 1,652.07͏͏ crore,͏͏ up͏͏ from͏͏ INR͏͏ 1,496.93͏͏ crore͏͏ in͏͏ Q1͏͏ FY24.

However,͏͏ FirstCry’s͏͏ losses͏͏ jumped͏͏ by͏͏ 75%͏͏ in͏͏ the͏͏ latest͏͏ quarter͏͏ compared͏͏ to͏͏ the͏͏ previous͏͏ one,͏͏ increasing͏͏ from͏͏ INR͏͏ 43.26͏͏ crore͏͏ in͏͏ Q4͏͏ FY24.͏͏ Operating͏͏ revenue͏͏ also͏͏ saw͏͏ a͏͏ slight͏͏ decline͏͏ of͏͏ 0.8%,͏͏ down͏͏ from͏͏ INR͏͏ 1,666.85͏͏ crore͏͏ in͏͏ the͏͏ March͏͏ quarter.

These͏͏ figures͏͏ mark͏͏ the͏͏ company’s͏͏ first͏͏ revenue͏͏ disclosures͏͏ since͏͏ its͏͏ stock͏͏ market͏͏ debut,͏͏ with͏͏ shares͏͏ quietly͏͏ launching͏͏ on͏͏ August͏͏ 6͏͏ amid͏͏ equity͏͏ market͏͏ volatility͏͏ driven͏͏ by͏͏ global͏͏ headwinds.

FirstCry’s͏͏ IPO͏͏ was͏͏ 11%͏͏ subscribed͏͏ on͏͏ its͏͏ first͏͏ day,͏͏ mainly͏͏ led͏͏ by͏͏ employee͏͏ bids.͏͏ BSE͏͏ data͏͏ reveals͏͏ that͏͏ 53.43͏͏ lakh͏͏ shares͏͏ were͏͏ bid͏͏ for,͏͏ out͏͏ of͏͏ the͏͏ 4.96͏͏ crore͏͏ shares͏͏ available.

Currently,͏͏ FirstCry’s͏͏ shares͏͏ are͏͏ trading͏͏ at͏͏ INR͏͏ 650,͏͏ reflecting͏͏ an͏͏ increase͏͏ of͏͏ approximately͏͏ 18.38%͏͏ from͏͏ its͏͏ issue͏͏ price͏͏ of͏͏ INR͏͏ 549.

Continue͏͏ Exploring:͏͏ E-commerce͏͏ roll-up͏͏ firm͏͏ GlobalBees secures͏͏ $18͏͏ Mn͏͏ in͏͏ debt͏͏ funding͏͏ from͏͏ Avendus

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Tetra Pak and NIFTEM sign MoU to boost food processing innovation in India

By
M Haziq Pandit
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0
Tetra Pak food processing

Tetra Pak, a global leader in food processing and packaging, has signed a Memorandum of Understanding (MoU) with the National Institute of Food Technology Entrepreneurship and Management, Kundli (NIFTEM-K) to promote innovation in India’s food processing industry.͏͏ The͏͏ agreement,͏͏ signed͏͏ at͏͏ World͏͏ Food͏͏ India͏͏ 2024͏͏ at͏͏ Bharat͏͏ Mandapam͏͏ in͏͏ New͏͏ Delhi,͏͏ aims͏͏ to͏͏ advance͏͏ research,͏͏ encourage͏͏ innovation,͏͏ and͏͏ enhance͏͏ skill͏͏ development͏͏ in͏͏ the͏͏ sector.

Supporting͏͏ Sustainable͏͏ Growth:

Aligned͏͏ with͏͏ the͏͏ Ministry͏͏ of͏͏ Food͏͏ Processing͏͏ Industries’͏͏ (MoFPI)͏͏ vision͏͏ to͏͏ enhance͏͏ value͏͏ addition,͏͏ reduce͏͏ waste,͏͏ and͏͏ promote͏͏ sustainable͏͏ growth͏͏ and͏͏ modernization,͏͏ the͏͏ partnership͏͏ is͏͏ set͏͏ to͏͏ create͏͏ impactful͏͏ solutions͏͏ that͏͏ will͏͏ benefit͏͏ the͏͏ Indian͏͏ food͏͏ industry͏͏ as͏͏ a͏͏ whole.

Cassio͏͏ Simões,͏͏ managing͏͏ director͏͏ of͏͏ Tetra͏͏ Pak͏͏ South͏͏ Asia,͏͏ highlighted͏͏ the͏͏ importance͏͏ of͏͏ this͏͏ partnership,͏͏ stating,͏͏ “At͏͏ Tetra͏͏ Pak,͏͏ we͏͏ are͏͏ dedicated͏͏ to͏͏ driving͏͏ innovation͏͏ and͏͏ creating͏͏ a͏͏ sustainable͏͏ future͏͏ for͏͏ the͏͏ food͏͏ processing͏͏ industry.͏͏ India’s͏͏ food͏͏ processing͏͏ sector͏͏ presents͏͏ vast͏͏ and͏͏ diverse͏͏ opportunities,͏͏ with͏͏ each͏͏ sub-sector͏͏ offering͏͏ unique͏͏ growth͏͏ potential.͏͏ Our͏͏ collaboration͏͏ with͏͏ NIFTEM-K͏͏ is͏͏ a͏͏ crucial͏͏ step͏͏ in͏͏ nurturing͏͏ talent͏͏ and͏͏ promoting͏͏ research͏͏ to͏͏ address͏͏ the͏͏ evolving͏͏ challenges.”

Continue͏͏ Exploring:͏͏ Food͏͏ and͏͏ Beverage͏͏ industry͏͏ shifts͏͏ away͏͏ from͏͏ plastic͏͏ packaging:͏͏ Tetra Pak study͏͏ reveals͏͏ growing͏͏ commitment͏͏ to͏͏ sustainability

“Through͏͏ this͏͏ partnership,͏͏ we͏͏ aim͏͏ to͏͏ combine͏͏ the͏͏ strengths͏͏ of͏͏ academia͏͏ and͏͏ industry͏͏ to͏͏ create͏͏ solutions͏͏ that͏͏ improve͏͏ food͏͏ safety͏͏ and͏͏ quality,͏͏ while͏͏ also͏͏ supporting͏͏ the͏͏ growth͏͏ and͏͏ evolution͏͏ of͏͏ the͏͏ entire͏͏ ecosystem,”͏͏ he͏͏ added.

Dr.͏͏ Harinder͏͏ Singh͏͏ Oberoi,͏͏ director͏͏ and͏͏ head͏͏ of͏͏ the͏͏ Department͏͏ at͏͏ NIFTEM-K,͏͏ stated,͏͏ “As͏͏ the͏͏ global͏͏ food͏͏ industry͏͏ evolves͏͏ towards͏͏ a͏͏ future͏͏ prioritising͏͏ food͏͏ security,͏͏ sustainability,͏͏ and͏͏ innovation,͏͏ building͏͏ strong͏͏ partnerships͏͏ across͏͏ the͏͏ industry͏͏ is͏͏ essential.͏͏ World͏͏ Food͏͏ India͏͏ 2024͏͏ offers͏͏ a͏͏ unique͏͏ platform͏͏ for͏͏ thought͏͏ leaders͏͏ and͏͏ innovators͏͏ to͏͏ address͏͏ the͏͏ challenges͏͏ facing͏͏ the͏͏ global͏͏ food͏͏ landscape.͏͏ At͏͏ NIFTEM-K,͏͏ we͏͏ recognise͏͏ the͏͏ power͏͏ of͏͏ collaboration,͏͏ and͏͏ our͏͏ recent͏͏ MoU͏͏ with͏͏ Tetra͏͏ Pak͏͏ reflects͏͏ this͏͏ commitment.͏͏ By͏͏ leveraging͏͏ our͏͏ combined͏͏ expertise,͏͏ we͏͏ aim͏͏ to͏͏ advance͏͏ research͏͏ and͏͏ development,͏͏ foster͏͏ entrepreneurship,͏͏ and͏͏ strengthen͏͏ the͏͏ food͏͏ processing͏͏ ecosystem͏͏ in͏͏ India͏͏ and͏͏ beyond.”

Key͏͏ Areas͏͏ of͏͏ Focus͏͏ in͏͏ the͏͏ MoU:

The͏͏ MoU͏͏ focuses͏͏ on͏͏ several͏͏ key͏͏ areas.͏͏ It͏͏ aims͏͏ to͏͏ collaborate͏͏ on͏͏ joint͏͏ projects͏͏ for͏͏ industrial͏͏ and͏͏ government-funded͏͏ initiatives,͏͏ ensuring͏͏ that͏͏ outcomes͏͏ such͏͏ as͏͏ publications,͏͏ patents,͏͏ and͏͏ technology͏͏ transfers͏͏ are͏͏ co-owned͏͏ by͏͏ both͏͏ organizations.͏͏ A͏͏ dedicated͏͏ Centre͏͏ of͏͏ Excellence͏͏ will͏͏ be͏͏ established͏͏ at͏͏ NIFTEM-K,͏͏ supported͏͏ by͏͏ Tetra͏͏ Pak,͏͏ to͏͏ lead͏͏ collaborative͏͏ research͏͏ and͏͏ development͏͏ activities.͏͏ Additionally,͏͏ the͏͏ partnership͏͏ will͏͏ conduct͏͏ joint͏͏ workshops,͏͏ training͏͏ sessions,͏͏ and͏͏ seminars͏͏ to͏͏ enhance͏͏ knowledge͏͏ and͏͏ skills͏͏ in͏͏ food͏͏ science,͏͏ technology,͏͏ and͏͏ business͏͏ management.

Furthermore,͏͏ the͏͏ MoU͏͏ will͏͏ facilitate͏͏ internships͏͏ and͏͏ placements͏͏ for͏͏ students,͏͏ providing͏͏ valuable͏͏ industry͏͏ experience͏͏ to͏͏ support͏͏ successful͏͏ careers͏͏ in͏͏ the͏͏ food͏͏ sector.͏͏ Tetra͏͏ Pak͏͏ will͏͏ also͏͏ fund͏͏ postgraduate͏͏ fellowships͏͏ for͏͏ PhD͏͏ scholars͏͏ over͏͏ three͏͏ years͏͏ to͏͏ assist͏͏ with͏͏ research,͏͏ including͏͏ fellowships,͏͏ contingency,͏͏ and͏͏ travel͏͏ grants.

The͏͏ collaboration͏͏ between͏͏ Tetra͏͏ Pak͏͏ India͏͏ and͏͏ NIFTEM͏͏ is͏͏ poised͏͏ to͏͏ deliver͏͏ significant͏͏ benefits͏͏ to͏͏ the͏͏ food͏͏ processing͏͏ and͏͏ packaging͏͏ industry.͏͏ By͏͏ leveraging͏͏ their͏͏ combined͏͏ expertise,͏͏ the͏͏ two͏͏ organizations͏͏ aim͏͏ to͏͏ foster͏͏ innovation͏͏ through͏͏ joint͏͏ research͏͏ and͏͏ development͏͏ projects,͏͏ resulting͏͏ in͏͏ new͏͏ technologies͏͏ and͏͏ solutions͏͏ that͏͏ will͏͏ greatly͏͏ improve͏͏ food͏͏ processing͏͏ and͏͏ packaging͏͏ methods.

Research͏͏ on͏͏ Food͏͏ Loss͏͏ and͏͏ Waste:

Tetra͏͏ Pak͏͏ and͏͏ NIFTEM-K͏͏ are͏͏ collaborating͏͏ on͏͏ an͏͏ important͏͏ study͏͏ addressing͏͏ food͏͏ loss͏͏ and͏͏ waste͏͏ (FLW)͏͏ in͏͏ India,͏͏ focusing͏͏ specifically͏͏ on͏͏ the͏͏ dairy͏͏ and͏͏ fruit͏͏ value͏͏ chains.͏͏ The͏͏ study͏͏ aims͏͏ to͏͏ identify͏͏ FLW͏͏ hotspots,͏͏ evaluate͏͏ environmental͏͏ impacts,͏͏ and͏͏ provide͏͏ data-driven͏͏ insights͏͏ to͏͏ inform͏͏ policy͏͏ development.͏͏ Through͏͏ tailored͏͏ research,͏͏ the͏͏ goal͏͏ is͏͏ to͏͏ measure͏͏ the͏͏ environmental͏͏ impact͏͏ of͏͏ losses,͏͏ including͏͏ greenhouse͏͏ gas͏͏ (GHG)͏͏ emissions,͏͏ at͏͏ various͏͏ stages͏͏ of͏͏ the͏͏ dairy͏͏ and͏͏ fruit͏͏ value͏͏ chains͏͏ across͏͏ India.͏͏

The͏͏ study͏͏ will͏͏ pinpoint͏͏ specific͏͏ hotspots͏͏ where͏͏ these͏͏ losses͏͏ are͏͏ most͏͏ significant͏͏ and͏͏ identify͏͏ necessary͏͏ interventions͏͏ to͏͏ mitigate͏͏ food͏͏ loss͏͏ in͏͏ those͏͏ areas.͏͏ Additionally,͏͏ loss͏͏ rate͏͏ data͏͏ for͏͏ milk͏͏ production͏͏ and͏͏ post-harvest͏͏ stages͏͏ will͏͏ be͏͏ analysed͏͏ based͏͏ on͏͏ national͏͏ studies.͏͏ Finally,͏͏ GHG͏͏ emissions͏͏ estimates͏͏ from͏͏ loss͏͏ data͏͏ for͏͏ the͏͏ years͏͏ 2015,͏͏ 2022,͏͏ and͏͏ the͏͏ current͏͏ study͏͏ will͏͏ be͏͏ compared͏͏ and͏͏ analysed.

This͏͏ collaboration͏͏ highlights͏͏ Tetra͏͏ Pak’s͏͏ dedication͏͏ to͏͏ sustainability͏͏ and͏͏ its͏͏ focus͏͏ on͏͏ creating͏͏ solutions͏͏ that͏͏ address͏͏ India’s͏͏ specific͏͏ challenges.

Continue͏͏ Exploring:͏͏ India’s͏͏ food processing sector͏͏ set͏͏ to͏͏ reach͏͏ $535͏͏ Billion͏͏ by͏͏ 2025-26

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India’s commerce ministry proposes task force to boost gem and jewellery exports

By
M Haziq Pandit
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0
gem and jewellery

The commerce ministry is mulling the establishment of a task force for the gem and jewellery industry to͏͏ address͏͏ the͏͏ challenges͏͏ faced͏͏ by͏͏ the͏͏ sector,͏͏ aligning͏͏ it͏͏ with͏͏ the͏͏ task͏͏ force͏͏ already͏͏ set͏͏ up͏͏ for͏͏ the͏͏ textile͏͏ sector.

The͏͏ proposal͏͏ follows͏͏ a͏͏ meeting͏͏ between͏͏ commerce͏͏ secretary͏͏ Sunil͏͏ Barthwal͏͏ and͏͏ members͏͏ of͏͏ the͏͏ Gem͏͏ &͏͏ Jewellery͏͏ Export͏͏ Promotion͏͏ Council͏͏ (GJEPC)͏͏ and͏͏ Bharat͏͏ Diamond͏͏ Bourse͏͏ (BDB).͏͏ He͏͏ was͏͏ accompanied͏͏ by͏͏ Santosh͏͏ Sarangi,͏͏ Director͏͏ General͏͏ of͏͏ Foreign͏͏ Trade.

Need͏͏ for͏͏ Policy͏͏ Support͏͏ and͏͏ Increased͏͏ Liquidity:

During͏͏ the͏͏ discussions,͏͏ GJEPC͏͏ and͏͏ BDB͏͏ leadership͏͏ emphasized͏͏ the͏͏ need͏͏ for͏͏ strong͏͏ policy͏͏ support,͏͏ increased͏͏ liquidity,͏͏ and͏͏ a͏͏ conducive͏͏ business͏͏ environment͏͏ to͏͏ boost͏͏ exports͏͏ and͏͏ reinforce͏͏ India’s͏͏ status͏͏ as͏͏ a͏͏ global͏͏ jewellery͏͏ manufacturing͏͏ hub.͏͏ These͏͏ concerns͏͏ arose͏͏ from͏͏ weak͏͏ demand͏͏ in͏͏ key͏͏ markets͏͏ like͏͏ the͏͏ United͏͏ States,͏͏ China,͏͏ and͏͏ West͏͏ Asia,͏͏ further͏͏ impacted͏͏ by͏͏ geopolitical͏͏ tensions͏͏ and͏͏ economic͏͏ challenges.

Continue͏͏ Exploring:͏͏ India’s͏͏ gems and jewellery exports dip͏͏ 13.44%͏͏ in͏͏ June͏͏ to͏͏ INR͏͏ 15,939.77͏͏ Cr:͏͏ GJEPC

The͏͏ industry͏͏ is͏͏ grappling͏͏ with͏͏ global͏͏ uncertainties͏͏ such͏͏ as͏͏ inflation,͏͏ rising͏͏ interest͏͏ rates,͏͏ and͏͏ the͏͏ effects͏͏ of͏͏ two͏͏ ongoing͏͏ conflicts.͏͏ Furthermore,͏͏ sanctions͏͏ on͏͏ Russia͏͏ have͏͏ disrupted͏͏ the͏͏ supply͏͏ of͏͏ rough͏͏ diamonds,͏͏ adversely͏͏ affecting͏͏ India’s͏͏ exports͏͏ of͏͏ cut͏͏ and͏͏ polished͏͏ diamonds.

Barthwal͏͏ stated,͏͏ “As͏͏ the͏͏ industry͏͏ confronts͏͏ challenges,͏͏ now͏͏ is͏͏ the͏͏ time͏͏ for͏͏ the͏͏ government͏͏ to͏͏ step͏͏ in͏͏ and͏͏ offer͏͏ support.͏͏ A͏͏ task͏͏ force͏͏ similar͏͏ to͏͏ the͏͏ one͏͏ established͏͏ for͏͏ the͏͏ textile͏͏ sector͏͏ can͏͏ be͏͏ instrumental͏͏ in͏͏ identifying͏͏ and͏͏ addressing͏͏ these͏͏ issues,͏͏ fostering͏͏ a͏͏ more͏͏ favourable͏͏ environment͏͏ for͏͏ businesses͏͏ and͏͏ enhancing͏͏ India’s͏͏ exports.”

Vipul͏͏ Shah,͏͏ Chairman͏͏ of͏͏ GJEPC,͏͏ remarked,͏͏ “By͏͏ collaborating͏͏ with͏͏ the͏͏ government,͏͏ we͏͏ can͏͏ build͏͏ a͏͏ more͏͏ sustainable͏͏ and͏͏ prosperous͏͏ future͏͏ for͏͏ the͏͏ gems͏͏ and͏͏ jewellery͏͏ industry.”

Call͏͏ for͏͏ Policy͏͏ Measures:

Shah͏͏ also͏͏ urged͏͏ the͏͏ commerce͏͏ secretary͏͏ to͏͏ consider͏͏ various͏͏ policy͏͏ measures,͏͏ including͏͏ extending͏͏ the͏͏ credit͏͏ period͏͏ for͏͏ importing͏͏ rough͏͏ diamonds͏͏ and͏͏ exporting͏͏ cut͏͏ and͏͏ polished͏͏ diamonds͏͏ to͏͏ between͏͏ 180͏͏ and͏͏ 365͏͏ days.͏͏ He͏͏ also͏͏ called͏͏ for͏͏ expanding͏͏ the͏͏ Interest͏͏ Equalisation͏͏ Scheme͏͏ to͏͏ encompass͏͏ all͏͏ exporters͏͏ and͏͏ extending͏͏ the͏͏ pre-shipment͏͏ and͏͏ post-shipment͏͏ credit͏͏ terms͏͏ to͏͏ 180͏͏ days.

Additionally,͏͏ GJEPC͏͏ sought͏͏ government͏͏ support͏͏ for͏͏ the͏͏ India͏͏ Jewellery͏͏ Park͏͏ Mumbai͏͏ (IJPM),͏͏ requesting͏͏ funding͏͏ under͏͏ the͏͏ TIES͏͏ Scheme͏͏ to͏͏ aid͏͏ in͏͏ developing͏͏ an͏͏ Incubation-cum-Testing͏͏ Centre,͏͏ an͏͏ Export͏͏ Promotion-cum-Display͏͏ Centre,͏͏ and͏͏ a͏͏ Central͏͏ Logistics͏͏ Hub.

Continue͏͏ Exploring:͏͏ India’s͏͏ gems and jewellery exports decline͏͏ 5%͏͏ to͏͏ INR͏͏ 20,713.37͏͏ Cr͏͏ in͏͏ May:͏͏ GJEPC

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Luxury skincare brand No.9 launches advanced Anti-Aging Vitamin C Serum in India

By
M Haziq Pandit
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0
skincare No.9

Luxury skincare brand No.9 has officially introduced its Advanced Anti-Aging Vitamin C Serum in India, showcasing the finest of Dubai’s high-end beauty offerings. Renowned͏͏ for͏͏ its͏͏ premium͏͏ formulations͏͏ and͏͏ innovative͏͏ technology,͏͏ No.9͏͏ seeks͏͏ to͏͏ transform͏͏ skincare͏͏ routines͏͏ nationwide͏͏ with͏͏ a͏͏ serum͏͏ designed͏͏ to͏͏ brighten,͏͏ firm,͏͏ and͏͏ protect͏͏ the͏͏ skin,͏͏ delivering͏͏ a͏͏ youthful,͏͏ radiant͏͏ glow.

Powerful͏͏ Ingredients͏͏ for͏͏ Youthful͏͏ Skin:

Developed͏͏ over͏͏ nine͏͏ years͏͏ of͏͏ extensive͏͏ research,͏͏ No.9’s͏͏ Advanced͏͏ Anti-Aging͏͏ Vitamin͏͏ C͏͏ Serum͏͏ features͏͏ a͏͏ potent͏͏ blend͏͏ of͏͏ 20͏͏ percent͏͏ pure͏͏ Vitamin͏͏ C,͏͏ 1͏͏ percent͏͏ Hyaluronic͏͏ acid,͏͏ and͏͏ 0.5͏͏ percent͏͏ ferulic͏͏ acid͏͏ for͏͏ optimal͏͏ effectiveness.͏͏ This͏͏ powerful͏͏ combination͏͏ enhances͏͏ skin͏͏ radiance͏͏ while͏͏ tackling͏͏ common͏͏ signs͏͏ of͏͏ aging,͏͏ including͏͏ fine͏͏ lines,͏͏ wrinkles,͏͏ and͏͏ uneven͏͏ skin͏͏ tone.͏͏ The͏͏ formula͏͏ nourishes͏͏ and͏͏ rejuvenates͏͏ the͏͏ skin,͏͏ leaving͏͏ it͏͏ softer,͏͏ more͏͏ hydrated,͏͏ and͏͏ visibly͏͏ smoother.͏͏ Remarkably,͏͏ despite͏͏ its͏͏ high͏͏ potency,͏͏ the͏͏ serum͏͏ is͏͏ suitable͏͏ for͏͏ sensitive͏͏ skin,͏͏ making͏͏ it͏͏ accessible͏͏ to͏͏ a͏͏ broader͏͏ audience.

“No.9’s͏͏ anti-aging͏͏ Vitamin͏͏ C͏͏ serum͏͏ for͏͏ the͏͏ face͏͏ and͏͏ neck͏͏ enhances͏͏ skin͏͏ radiance,͏͏ softness,͏͏ and͏͏ hydration.͏͏ Consequently,͏͏ wrinkles͏͏ appear͏͏ visibly͏͏ reduced,͏͏ and͏͏ skin͏͏ texture͏͏ and͏͏ tone͏͏ become͏͏ more͏͏ even͏͏ and͏͏ refined,”͏͏ the͏͏ brand͏͏ stated.

Continue͏͏ Exploring:͏͏ Justhuman͏͏ enters͏͏ luxury͏͏ skincare market͏͏ with͏͏ new͏͏ anti-ageing͏͏ cream

Expanding͏͏ Global͏͏ Footprint͏͏ with͏͏ Premium͏͏ Offerings:

The͏͏ launch͏͏ of͏͏ No.9’s͏͏ serum͏͏ in͏͏ India͏͏ represents͏͏ a͏͏ significant͏͏ milestone͏͏ for͏͏ the͏͏ brand͏͏ as͏͏ it͏͏ expands͏͏ its͏͏ global͏͏ footprint.͏͏ Having͏͏ garnered͏͏ a͏͏ loyal͏͏ following͏͏ in͏͏ Dubai͏͏ for͏͏ its͏͏ transformative͏͏ effects,͏͏ the͏͏ serum͏͏ is͏͏ poised͏͏ to͏͏ attract͏͏ Indian͏͏ consumers͏͏ seeking͏͏ effective,͏͏ high-quality͏͏ skincare͏͏ solutions.

The͏͏ serum͏͏ features͏͏ ingredients͏͏ sourced͏͏ from͏͏ premier͏͏ global͏͏ markets,͏͏ reflecting͏͏ No.9’s͏͏ dedication͏͏ to͏͏ scientific͏͏ innovation.͏͏ Vitamin͏͏ C,͏͏ a͏͏ potent͏͏ antioxidant,͏͏ is͏͏ renowned͏͏ for͏͏ its͏͏ ability͏͏ to͏͏ neutralise͏͏ free͏͏ radicals͏͏ and͏͏ stimulate͏͏ collagen͏͏ production,͏͏ making͏͏ it͏͏ essential͏͏ for͏͏ anti-aging͏͏ skincare.͏͏ Hyaluronic͏͏ acid͏͏ aids͏͏ in͏͏ moisture͏͏ retention,͏͏ ensuring͏͏ deep͏͏ hydration,͏͏ while͏͏ ferulic͏͏ acid͏͏ boosts͏͏ Vitamin͏͏ C’s͏͏ effectiveness,͏͏ providing͏͏ enhanced͏͏ protection͏͏ against͏͏ environmental͏͏ stressors͏͏ such͏͏ as͏͏ pollution͏͏ and͏͏ UV͏͏ rays.

With͏͏ its͏͏ entry͏͏ into͏͏ India,͏͏ No.9͏͏ encourages͏͏ consumers͏͏ to͏͏ discover͏͏ the͏͏ transformative͏͏ glow͏͏ the͏͏ brand͏͏ is͏͏ celebrated͏͏ for͏͏ in͏͏ Dubai.͏͏ As͏͏ the͏͏ pursuit͏͏ of͏͏ advanced͏͏ skincare͏͏ solutions͏͏ increases,͏͏ No.9’s͏͏ Advanced͏͏ Anti-Aging͏͏ Vitamin͏͏ C͏͏ Serum͏͏ is͏͏ set͏͏ to͏͏ become͏͏ a͏͏ must-have͏͏ in͏͏ beauty͏͏ routines͏͏ throughout͏͏ the͏͏ country,͏͏ blending͏͏ luxury͏͏ with͏͏ effective͏͏ skincare.

Continue͏͏ Exploring:͏͏ Skincare brand͏͏ XYST͏͏ partners͏͏ with͏͏ Amazon,͏͏ Nykaa,͏͏ and͏͏ Flipkart͏͏ to͏͏ expand͏͏ market͏͏ reach

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SOM Distilleries launches Woodpecker Premium Beer with India’s first twist cap

By
M Haziq Pandit
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0
SOM Distilleries Beer

SOM Distilleries and Breweries Ltd. (SDBL) is making a bold entry into India’s retail beer market with the launch of Woodpecker Premium Beer, the first beer in the country to feature a twist-style cap.͏͏ This͏͏ innovative͏͏ cap͏͏ enables͏͏ consumers͏͏ to͏͏ open͏͏ the͏͏ bottle͏͏ without͏͏ a͏͏ bottle͏͏ opener,͏͏ enhancing͏͏ convenience.͏͏ The͏͏ rollout͏͏ starts͏͏ in͏͏ Karnataka,͏͏ one͏͏ of͏͏ SDBL’s͏͏ fastest-growing͏͏ markets,͏͏ signalling͏͏ a͏͏ significant͏͏ shift͏͏ in͏͏ India’s͏͏ beer͏͏ industry.

Two͏͏ Distinct͏͏ Variants͏͏ for͏͏ Diverse͏͏ Palates:

Woodpecker͏͏ Premium͏͏ Beer͏͏ offers͏͏ two͏͏ variants:͏͏ Woodpecker͏͏ Glide,͏͏ a͏͏ mild͏͏ option,͏͏ and͏͏ Woodpecker͏͏ Crest,͏͏ a͏͏ strong͏͏ and͏͏ bold͏͏ brew.͏͏ Crafted͏͏ from͏͏ imported͏͏ two-row͏͏ barley͏͏ and͏͏ Indian͏͏ malts,͏͏ it͏͏ features͏͏ hops͏͏ sourced͏͏ from͏͏ Germany’s͏͏ Rainier͏͏ region.͏͏ Notably,͏͏ Woodpecker͏͏ is͏͏ India’s͏͏ first͏͏ cross-malt͏͏ beer,͏͏ blending͏͏ two͏͏ malts͏͏ that͏͏ undergo͏͏ a͏͏ 30-day͏͏ brewing͏͏ process͏͏ to͏͏ ensure͏͏ consistent͏͏ flavour͏͏ and͏͏ quality.

Continue͏͏ Exploring:͏͏ United͏͏ Breweries͏͏ introduces͏͏ two͏͏ premium͏͏ Heineken͏͏ beers in͏͏ Karnataka;͏͏ Mysuru͏͏ brewery͏͏ to͏͏ handle͏͏ local͏͏ production

JK͏͏ Arora,͏͏ Chairman͏͏ and͏͏ MD,͏͏ stated,͏͏ “We͏͏ are͏͏ excited͏͏ to͏͏ launch͏͏ India’s͏͏ first-ever͏͏ twist͏͏ cap͏͏ beer,͏͏ Woodpecker,͏͏ in͏͏ the͏͏ Karnataka͏͏ market.͏͏ This͏͏ innovation͏͏ highlights͏͏ our͏͏ dedication͏͏ to͏͏ quality͏͏ and͏͏ creativity,͏͏ and͏͏ we͏͏ are͏͏ proud͏͏ to͏͏ establish͏͏ a͏͏ new͏͏ standard͏͏ in͏͏ quality͏͏ and͏͏ convenience͏͏ for͏͏ beer͏͏ enthusiasts͏͏ while͏͏ maintaining͏͏ the͏͏ rich,͏͏ smooth͏͏ flavour͏͏ they͏͏ expect͏͏ from͏͏ us.”

SOM Distilleries Innovates͏͏ with͏͏ Packaging͏͏ for͏͏ Enhanced͏͏ Convenience:

The͏͏ twist͏͏ cap,͏͏ available͏͏ in͏͏ yellow͏͏ for͏͏ Glide͏͏ and͏͏ black͏͏ for͏͏ Crest,͏͏ removes͏͏ the͏͏ need͏͏ for͏͏ traditional͏͏ bottle͏͏ openers.͏͏ It͏͏ features͏͏ a͏͏ customised͏͏ neck͏͏ profile͏͏ to͏͏ help͏͏ prevent͏͏ counterfeiting.͏͏ Additionally,͏͏ Woodpecker͏͏ has͏͏ opted͏͏ for͏͏ direct͏͏ print-on-bottle͏͏ technology͏͏ instead͏͏ of͏͏ paper͏͏ labels,͏͏ enhancing͏͏ sustainability͏͏ while͏͏ ensuring͏͏ a͏͏ sleek͏͏ design.

SDBL͏͏ previously͏͏ launched͏͏ a͏͏ 5-litre͏͏ in-home͏͏ pack͏͏ of͏͏ Woodpecker͏͏ in͏͏ Karnataka,͏͏ which͏͏ achieved͏͏ significant͏͏ success.͏͏ Building͏͏ on͏͏ this,͏͏ the͏͏ brand͏͏ is͏͏ now͏͏ rolling͏͏ out͏͏ a͏͏ full͏͏ range͏͏ of͏͏ SKUs,͏͏ including͏͏ 650ml͏͏ and͏͏ 330ml͏͏ bottles,͏͏ as͏͏ well͏͏ as͏͏ 500ml͏͏ cans.͏͏ The͏͏ beer͏͏ features͏͏ a͏͏ textured͏͏ surface͏͏ for͏͏ a͏͏ premium͏͏ feel,͏͏ catering͏͏ to͏͏ both͏͏ casual͏͏ and͏͏ serious͏͏ beer͏͏ drinkers.

Arora͏͏ stated,͏͏ “We͏͏ have͏͏ been͏͏ making͏͏ a͏͏ significant͏͏ impact͏͏ in͏͏ Karnataka͏͏ with͏͏ our͏͏ diverse͏͏ product͏͏ range͏͏ over͏͏ the͏͏ past͏͏ three͏͏ years,͏͏ establishing͏͏ ourselves͏͏ as͏͏ the͏͏ fastest-growing͏͏ beer͏͏ brand͏͏ in͏͏ the͏͏ state.͏͏ With͏͏ the͏͏ launch͏͏ of͏͏ Glide͏͏ and͏͏ Crest,͏͏ we͏͏ are͏͏ elevating͏͏ our͏͏ presence͏͏ even͏͏ further.͏͏ The͏͏ introduction͏͏ of͏͏ the͏͏ twist͏͏ cap͏͏ represents͏͏ a͏͏ revolutionary͏͏ advancement͏͏ in͏͏ beer͏͏ drinking,͏͏ providing͏͏ a͏͏ new͏͏ and͏͏ effortless͏͏ way͏͏ to͏͏ enjoy͏͏ it.”

SDBL’s͏͏ Chief͏͏ Operating͏͏ Officer,͏͏ Diwakaran͏͏ Suryanarayana,͏͏ remarked,͏͏ “The͏͏ launch͏͏ of͏͏ Woodpecker͏͏ Glide͏͏ and͏͏ Crest͏͏ goes͏͏ beyond͏͏ expanding͏͏ our͏͏ portfolio;͏͏ it͏͏ represents͏͏ an͏͏ innovation͏͏ that͏͏ reinforces͏͏ our͏͏ brewing͏͏ legacy.͏͏ This͏͏ isn’t͏͏ just͏͏ another͏͏ beer—it’s͏͏ an͏͏ experience͏͏ grounded͏͏ in͏͏ our͏͏ expertise͏͏ and͏͏ craftsmanship.”

With͏͏ its͏͏ innovative͏͏ twist͏͏ cap͏͏ and͏͏ premium͏͏ brewing͏͏ process,͏͏ Woodpecker͏͏ Premium͏͏ Beer͏͏ is͏͏ now͏͏ available͏͏ throughout͏͏ Karnataka,͏͏ marking͏͏ a͏͏ new͏͏ era͏͏ in͏͏ beer͏͏ consumption͏͏ in͏͏ India.

Continue͏͏ Exploring:͏͏ Local͏͏ beer brands͏͏ gain͏͏ 400͏͏ bps͏͏ market͏͏ share͏͏ in͏͏ value͏͏ segments͏͏ as͏͏ global͏͏ giants͏͏ shift͏͏ focus͏͏ to͏͏ premium͏͏ products

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Hindware launches Ornate Duo 90cm Island Chimney with advanced smart features

By
M Haziq Pandit
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0
Hindware Chimney

Hindware Smart Appliances has launched the Ornate Duo 90cm, a premium island chimney tailored͏͏ for͏͏ the͏͏ evolving͏͏ preferences͏͏ of͏͏ retail͏͏ consumers͏͏ in͏͏ India.͏͏ With͏͏ its͏͏ stylish͏͏ dual͏͏ cylindrical͏͏ design͏͏ and͏͏ ceiling-mounted͏͏ installation,͏͏ this͏͏ chimney͏͏ brings͏͏ a͏͏ contemporary͏͏ flair͏͏ to͏͏ any͏͏ kitchen.

Powerful͏͏ Suction͏͏ for͏͏ Smoke-Free͏͏ Cooking:

The͏͏ chimney͏͏ features͏͏ an͏͏ impressive͏͏ suction͏͏ capacity͏͏ of͏͏ 1000͏͏ m³/hr͏͏ +͏͏ 1000͏͏ m³/hr,͏͏ effectively͏͏ eliminating͏͏ smoke͏͏ and͏͏ odors͏͏ for͏͏ a͏͏ clean͏͏ and͏͏ pleasant͏͏ cooking͏͏ environment.͏͏ Its͏͏ advanced͏͏ filtration͏͏ system͏͏ includes͏͏ a͏͏ charcoal͏͏ filter͏͏ for͏͏ re-circulation͏͏ and͏͏ an͏͏ aluminum͏͏ filter,͏͏ ensuring͏͏ optimal͏͏ air͏͏ quality͏͏ at͏͏ all͏͏ times.

Continue͏͏ Exploring:͏͏ Livpure͏͏ steps͏͏ into͏͏ kitchen͏͏ space,͏͏ introduces͏͏ chimneys for͏͏ clean͏͏ and͏͏ healthy͏͏ cooking

Smart͏͏ Features͏͏ for͏͏ Enhanced͏͏ Convenience:

Beyond͏͏ its͏͏ performance,͏͏ the͏͏ Ornate͏͏ Duo͏͏ is͏͏ packed͏͏ with͏͏ smart͏͏ features͏͏ that͏͏ boost͏͏ its͏͏ functionality.͏͏ Dual͏͏ LED͏͏ lights͏͏ with͏͏ adjustable͏͏ intensity͏͏ provide͏͏ ideal͏͏ lighting͏͏ for͏͏ cooking,͏͏ while͏͏ motion͏͏ sensor͏͏ control,͏͏ a͏͏ smart͏͏ LED͏͏ knob,͏͏ and͏͏ remote͏͏ control͏͏ options͏͏ enhance͏͏ convenience.͏͏ Its͏͏ versatile͏͏ speed͏͏ settings͏͏ enable͏͏ users͏͏ to͏͏ tailor͏͏ the͏͏ chimney’s͏͏ performance͏͏ to͏͏ meet͏͏ their͏͏ specific͏͏ cooking͏͏ requirements.

The͏͏ Hindware͏͏ Ornate͏͏ Duo͏͏ 90cm͏͏ is͏͏ priced͏͏ at͏͏ INR͏͏ 1,19,990͏͏ and͏͏ includes͏͏ a͏͏ 2-year͏͏ warranty͏͏ on͏͏ the͏͏ product,͏͏ as͏͏ well͏͏ as͏͏ a͏͏ 10-year͏͏ warranty͏͏ on͏͏ the͏͏ motor.

Continue͏͏ Exploring:͏͏ Emami͏͏ Group͏͏ taps͏͏ McKinsey͏͏ &͏͏ Co͏͏ to͏͏ explore͏͏ expansion͏͏ into͏͏ packaged͏͏ essentials͏͏ and͏͏ kitchen͏͏ appliances

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