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British menswear brand Charles Tyrwhitt debuts in India in collaboration with Reliance Brands, unveils first store in Ahmedabad

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Charles Tyrwhitt

Charles Tyrwhitt, the British multichannel men’s clothing retailer, has officially entered the Indian market through a collaboration with Reliance Brands, the retail division of Reliance Industries, as announced by an industry official on social media.

The brand’s first store is now operational at Palladium Mall in Ahmedabad, Gujarat.

“Charles Tyrwhitt arrived in India with the 1st store opening doors at Palladium Ahmedabad. Visit us to explore redefined premium men’s wear collection,” said Monil Gheewala, assistant vice president – leasing at The Phoenix Mills Ltd. in a LinkedIn post.

Charles Tyrwhitt was founded in 1986 as a mail-order company by Nicholas Charles Tyrwhitt Wheeler. The retailer now specializes in a range of products, including dress shirts, ties, suits, casual wear, shoes, and accessories.

Today, the company has established its presence in the United Kingdom, United States, France, and India.

Reliance Brands, a subsidiary of Reliance Retail Ventures Ltd, initiated its operations in 2007 with the goal of introducing and developing global brands in the luxury to premium segments of fashion and lifestyle.

The company has established long-term exclusive partnerships across various sectors, collaborating with renowned global and Indian brands such as Ritu Kumar, Bottega Veneta, Tiffany & Co., Valentino, Versace, Rahul Mishra, Armani, Balenciaga, Boss, and Zegna, among others.

Reliance Retail, along with its subsidiaries and affiliates under RRVL, operates an integrated omni-channel network comprising more than 18,650 stores and digital commerce platforms. This network spans grocery, consumer electronics, fashion, lifestyle, and pharmaceutical consumption categories.

In December 2023, RRVL reported a 31.87% increase in its net profit to Rs 3,165 crore for the third quarter of the fiscal year 2023-2024.

Continue Exploring: French fashion brand Maison Margiela marks its Indian debut in collaboration with Shoppers Stop and L’Oréal International Distribution

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Victoria’s Secret unveils its first beauty store in Mumbai

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Victoria's Secret

On Monday, Apparel Group India, the parent franchise of the American specialty retailer brand Victoria’s Secret, announced the opening of its first beauty store at Inorbit Mall in Malad, Mumbai, according to a post on social media.

“We are excited to present the opening of Victoria’s Secret Beauty store at Inorbit Mall Malad, Mumbai. This is the brand’s 1st beauty store in Mumbai and the 7th in India,” Apparel Group India said in a LinkedIn post.

Victoria’s Secret made its foray into the Indian market in 2021, establishing a foothold through a collaboration with Apparel Group India. Introducing itself initially through an e-commerce platform, the global chain featured a diverse array of products, ranging from fragrances to beauty and personal care items.

In the third quarter of the Financial Year 2023-24, Victoria’s Secret inaugurated more than four outlets. These comprised two establishments in Pune, and one each in Hyderabad and Bengaluru.

In 2022, Victoria’s Secret expanded its presence in India by inaugurating its initial brick-and-mortar outlet at Palladium Mall in Mumbai. Subsequently, a second store was opened at Ambience Mall in Vasant Kunj, New Delhi. In November 2023, marking a continued expansion, the brand introduced its first store in Pune at Phoenix Mall of the Millennium.

Founded in 1977 by brothers Roy and Gaye Raymond, Victoria’s Secret has grown into a prominent American retailer specializing in lingerie, clothing, and beauty products. According to its official website, the company now operates globally with around 1,360 retail stores situated in 70 countries.

Boasting an extensive network of over 2,025 stores spanning across more than 14 countries, the Apparel Group serves as the representative and marketer for a portfolio of over 80 brands. Among these are renowned names such as Beverly Hills Polo Club, Bath & Body Works, Tim Hortons, Tommy Hilfiger, Nine West, Call it Spring, Charles & Keith, Inglot, La Senza, and R&B Fashion.

Continue Exploring: Victoria’s Secret sets foot in Pune: Unveils its first store in Phoenix Mall

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Colgate-Palmolive reports 35.7% surge in net profit to INR 330.11 Crore in Q3 FY24

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Colgate Palmolive

In a regulatory filing on Monday, Colgate-Palmolive (India) announced a notable 35.7% increase in net profit after tax (PAT), reaching INR 330.11 crore for the quarter concluding on December 31, 2023. This marks a significant growth from the net PAT of INR 243.24 crore recorded for the corresponding quarter in the previous fiscal year.

As per the BSE filing, the company’s net sales for Q3 FY24 rose by 8.2% to INR 1,386 crore, contrasting with INR 1,281.21 crore reported in the corresponding period of the previous fiscal year.

Prabha Narasimhan, managing director and CEO of Colgate Palmolive said, “We are pleased with top-line growth for the quarter supported by the strong performance of our core equities. Profitability indicators are on an upward trend and we continue to enhance the investment support behind our brands.”

He further added, “Our current performance underscores the effectiveness of our strategy, focus on technology, securing the right talent, and efforts in governance and cost management. These initiatives have yielded consistent growth for the company, with our toothpaste segment achieving double-digit growth and positive volume expansion.”

Continue Exploring: Colgate-Palmolive sets sights on urban consumers, explores growth in premium oral care and personal care segments

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Healthy meal subscription platform The Kenko Life secures angel funding led by R Raghunathan, eyes expansion to Gurgaon and Hyderabad

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The Kenko Life
Neeraj Kumar & Vivek Chandran, Co-Founders, The Kenko Life

The Kenko Life, a food delivery platform focusing on health and macro-counted meals, has successfully concluded an angel funding round. The funding was led by R Raghunathan, the Co-Founder of Prizm Payment Services (now known as Hitachi Payment Services Private Limited) and OPC Asset Solutions.

The Kenko Life sets itself apart by delivering customized meals that prioritize individual protein, calorie, and macro requirements, all while emphasizing an exceptional taste experience.

Expert nutritionists at the startup curate personalized meal plans tailored to align with each customer’s health goals, offering continuous support throughout the journey. Kenko provides a variety of dietary options, such as carb-conscious, diabetes-friendly, vegetarian, non-vegetarian, multi-cuisine, and paleo plans, with durations spanning from one week to a month.

Established in 2020 by Neeraj Kumar and Vivek Chandran, The Kenko Life is currently exclusively available in Bangalore. The platform offers a varied menu featuring 100 delightful meal options from diverse cuisines. Customers have the flexibility to choose from lunch, dinner, or both, ensuring a month-long experience without repetition. The startup, operating on a subscription model through its website, serves over 200 meals daily in Bangalore. Additionally, it is accessible on-demand through Swiggy and Zomato.

Expressing enthusiasm about the recent investment, Co-Founder Vivek Chandran stated, “We are thrilled to announce that R Raghunathan, co-founder of Prizm Payment Services and OPC Asset Solutions, with a proven track record in building successful startups, has decided to invest in our company. Raghu brings over 30 years of experience in building and scaling both manufacturing and service-centric businesses. His involvement in our business is a testament to his belief in our vision and potential. We are excited to leverage his wisdom, network, and resources to propel our growth and achieve new milestones.”

Founder Neeraj Kumar added, “The Kenko Life envisions launching an app, securing funds, and expanding to Gurgaon and Hyderabad, leveraging our existing client base and local support. We currently serve around 200 plus meals a day across 100 pin codes in the city; plans also include establishing healthy cafes in two upcoming fitness clubs and at some corporate establishments.”

Continue Exploring: Health-conscious trend surges in Bengaluru and Hyderabad: Simpli Namdhari’s study reveals shift towards nutrient-rich foods in 2024

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Udaan undergoes executive leadership restructuring as Group CFO Aditya Pande resigns

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Udaan
Udaan

Udaan, the B2B e-commerce platform, announced senior-level organizational changes on Monday. As part of this restructuring, Kiran Thadimarri, previously the Group Finance Controller, has been elevated to the executive management team. His expanded role includes overseeing treasury, corporate finance, and corporate audit functions.

The company informed that Aditya Pande has decided to pursue opportunities outside of udaan, after a successful stint of over three years as Group CFO.

Also, Vishnu Menon, Head of Corporate Strategy and investor relations, will take on the additional responsibility of business finance, as part of the organisational changes.

The two executives — Menon and Thadimarri — will work towards further strengthening the financial and governance practices at udaan with the objective of enabling the company to achieve operational profitability and public market readiness in the next 12-18 months, according to a company release.

Announcing the organisational changes, udaan said these are in line with the company’s commitment to drive profitable growth and continue strengthening core capabilities.

As part of the organisational changes, Kiran Thadimarri, Group Finance Controller, will be elevated to be a part of the executive management team with additional responsibility of handling treasury operations, corporate finance and corporate audit, in addition to his existing responsibility of financial controller.

In his enhanced role, Thadimarri will report to the CEO.

The release mentioned that Thadimarri, a qualified Chartered Accountant, has been associated with udaan for close to three years.

Continue Exploring: B2B ecommerce unicorn Udaan sees drastic 50% valuation drop to $1.8 Billion in down round


In a career spanning two decades, Kiran graduated from GE’s premier leadership programmes, was CFO of GE Water, South Asia, has worked closely with Aditya Pande (outgoing Group CFO, udaan) at GE Healthcare during his 14-year stint at GE, and subsequently co-founded a healthcare technology distribution company.

Vishnu Menon, Head – Corporate Strategy & IR, takes on the additional responsibility of business finance, and will continue to report to the CEO.

Menon has been associated with udaan for the past four years. An MBA from IIM Calcutta with a degree in Engineering from the Kerala University, Menon in the past has worked as a management consultant with Bain & Co and was also the Founder & CEO of Wandertrails, an experiential travel startup.

Informing about Aditya Pande’s exit, after a successful stint of over three years as Group CFO, the company said as he transitions, the solid foundation laid during his tenure will enable udaan to tap future growth opportunities, capitalise on scale, and leverage cost synergies.

“During his tenure, Aditya played a pivotal role in shaping udaan’s financial strategy marked by strategic financial decision-making, implementation of resilient financial systems, successful fund raising and a razor-sharp focus on fiscal management,” the release said.

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Samosa Singh launches diverse lineup of ‘ready-to-cook’ guilt-free Samosas with over 20 irresistible flavors

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Samosa Singh

Samosa Singh, a renowned Indian snack brand, has unveiled its innovative “Ready-to-Cook” samosa packs as part of its diverse lineup. Committed to extending the global allure of India’s cherished snacks, the brand is set to introduce an enticing range of Guilt-Free Samosas, adding a flavorful dimension to its traditional samosas and Indian street snacks lineup.

These samosas feature a distinctive encrusted design meticulously developed through hours of rigorous research and development by Samosa Singh. The result is a delectable fusion of pleasure with minimal fat—reduced by up to 50%. With a diverse array of over 20 flavors, including paneer tikka samosa, soya keema samosa, cheese and corn samosa, onion kachori, Punjabi aloo samosa, and more, the brand ensures a delicious variety to cater to diverse palates.

Revolutionizing the iconic samosa into a guilt-free delight, Samosa Singh’s latest creation redefines snacking by harmonizing authentic flavors with health-conscious choices. The Guilt-Free Range ensures a complete absence of cholesterol, trans fat, preservatives, or additives, presenting an outstanding option for consumers prioritizing their health.

The ready-to-cook samosas provide a range of cooking options, including baking, deep-frying, or air-frying, carefully curated to allow consumers to savor these delightful treats in accordance with their preferences.

Speaking on the launch, Shikhar Veer Singh, Founder, Samosa Singh said, “We are excited to extend our product portfolio with the launch of ready-to-cook samosas, now available for a global audience. With over 100,000 hours dedicated to research and development, we are delighted to provide guilt-free enjoyment that flawlessly blends traditional flavors with a modern twist. Samosa Singh is taking the experience of India’s famous samosas to new and larger heights.”

Nidhi Singh, Co-Founder of Samosa Singh, said, “We have entered this space with the intention to provide healthier yet indulgent alternatives, revolutionizing the way people view cooking snacks. Recognizing the broad demand for ready-to-cook products in India and around the world, our mission is to redefine efficiency and inspire more people to cook at home daily. Our varied selection includes alternatives for baking, deep-frying, and air frying, appealing to various tastes. With this unique range, we hope to make meal preparation a seamless and joyful experience for our consumers.”

Continue Exploring: Samosa Singh launches new outlet in Hyderabad, expands reach with diverse culinary offerings

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From Gochujang to Parmesan: Kerry unveils 2024 Taste Charts mapping culinary trends

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kerry

Kerry, a leading presence in taste and nutrition, has unveiled its 2024 Taste Charts, A World of Future Tastes, to the global food and beverage community. The culmination of Kerry’s year-long research is a series of incisive charts created separately for 13 individual regional markets, including 30 countries in Asia Pacific, Middle East & Africa (APMEA).

The charts categorize mainstream, key, up-and-coming, and emerging tastes within five food and beverage segments. They offer a thorough analysis of flavors, ingredients, and trends that are poised to influence innovation in the food and beverage sector in the coming year, serving as inspiration for product and menu developers globally.

Highlighting the remarkable pace of today’s innovation, Kerry researchers delved deeply into the lifecycles of two enduringly popular flavors—orange and chocolate. The study explored how these widely embraced ingredients are transforming into a myriad of inventive and delightful product offerings across the globe. These case studies exemplify the convergence of popular and traditional tastes on a global scale, showcasing how brands are creatively sourcing, combining, and recombining flavors and ingredients to generate new and innovative applications.

Continue Exploring: Sneak peek into 2024: Frito-Lay and Quaker reveal the next big things in food and snacking

In the evolving Indian market, a surge in indulgence and premiumization is evident as consumers develop a preference for flavors such as sea salt, salted caramel, truffle mushrooms, sun-dried tomatoes, and peanut butter.

Other top insights for 2024 flavour innovation in South Asia:

  • K-Cuisine flavors, such as gochujang and kimchi, are gaining popularity in savory categories.
Chilli gochujang chicken
  • Cheese+: While cheese remains a popular choice, the current market trend is leaning towards specific types of cheese and pairings that are sure to delight consumers. Notably, parmesan, cheddar, and cream cheese are gaining prominence.
Cheese
  • Love for Chili: Various chili varieties with their unique and specific flavors play a crucial role in numerous culinary genres. In India, consumers are increasingly discovering the diverse tastes of green chili, chipotle, peri-peri, sriracha, ghost chili, and more.
  • Fruits such as Yuzu are gaining popularity across various markets and applications. Recent launches include Yuzu Gose beers in South Africa, Yuzu and pepper mayonnaise in China, and Yuzu low ABV wines and alcoholic beverages in Australia.
  • In South Africa, authentic local flavors such as Chicken Dust, inventive combinations like chili lemon/lime, and international culinary influences such as jalapeno atchar reflect the nation’s cultural diversity. Additionally, there is a growing trend in the popularity of sweet flavor pairings, ranging from sweet & salty, sweet & spicy, to sweet & smoky.
  • In India, traditional spices and cooking techniques are taking on a modern twist, resulting in innovative dishes like turmeric latte macarons and other culinary delights. Similarly, in Thailand, this culinary evolution is evident in creations such as charcoal-grilled skewers with fermented chili paste.
  • Driven by the influence of social media and a quest for novelty, young consumers are seeking bold and unconventional flavor combinations. This trend creates opportunities for unique sweet-savory pairings, such as bacon milkshakes, coffee infused with black garlic, and chocolate bars with wasabi.
  • The surge in the plant-based revolution is sparking a demand for inventive flavor solutions in meat and dairy alternatives. Examples include jackfruit rendang in Indonesia, mushroom jerky in Australia, and chickpea falafel with a Middle Eastern twist.
  • Passionfruit, typically regarded as a specialty fruit, has emerged as a prevalent flavor in all 13 distinct global regions according to chart analyses. While it holds mainstream status in New Zealand, it remains an early-stage and developing flavor in the Middle East.

Across wider Asia Pacific, the flavour scene remains vibrant. Commenting on the 2024 Asia Pacific (APAC) Taste Charts, Avinash Lal, Market Research & Consumer Insights Director, Kerry Asia Pacific, Middle East & Africa, stated, “APAC is a colourful flavour tapestry, constantly evolving and influenced by diverse cultural traditions, emerging trends, and evolving consumer preferences. Consumers are rediscovering the magic of their own culinary heritage, seeking out unique regional ingredients and flavour profiles. Traditional spices and cooking techniques are also getting a modern twist, leading to innovative dishes like turmeric latte macarons in India and charcoal-grilled skewers with fermented chilli paste in Thailand.”

Lal added, “Young consumers are craving bold and unusual flavour combinations, driven by social media’s influence and a desire for novelty. This opens opportunities for sweet-savoury pairings like bacon milkshakes, coffee infused with black garlic, and chocolate bars with wasabi.”

Soumya Nair, Global Consumer Research and Insights Director at Kerry, said, “Consumers want tasty new innovations or flavours they may have experienced while traveling. We are seeing many unique flavour intersections in foods and beverages. Although rapidly changing times can present great challenges, they also provide an unparalleled opportunity for brands to catch a trend on the rise. The Kerry 2024 Taste Charts are a valuable tool for the food and beverage industry to navigate the new taste environment for products.”

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P&G collaborates with McKinsey for operational restructuring, aiming for agility and accelerated growth

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P&G

Procter & Gamble (P&G), the world’s largest consumer goods manufacturer, has enlisted the expertise of management consultancy firm McKinsey & Co to initiate a significant reorganization of its operations. The objective is to enhance agility and expedite growth, with India being one of the initial pilot markets for this strategic plan, as reported by ET.

In India, P&G’s operations are presently structured into four entities: P&G Health, Gillette (focused on shaving products), P&G Health & Hygiene, and P&G Home Products.

The company is considering the potential adoption of a streamlined operating structure that merges portfolios and integrates the robustness of the supply chain with a more efficient cost structure. This internal decision was communicated last Thursday.

P&G’s global CEO, Joe Moeller, has been actively working to reshape the company’s organizational structure in alignment with an “integrated growth strategy.” The restructuring aims to streamline daily decision-making processes, with a focus on embracing constructive disruption—a global theme that executives have emphasized as a top priority.

The restructuring initiative will include evaluating technology to enhance operational efficiency, particularly within the supply chain and technology domains. As an example, the company may explore the democratization of data, enabling broader access across functions and organizations rather than limiting it to specific teams and departments.

“Learning and exploring ways to deliver better outcomes is something we do every day at P&G. This effort is no different. We are squarely focused on accelerating growth and value creation in service to consumers, customers, employees, society and shareholders,” said a P&G spokesperson.

The manufacturer of well-known brands like Whisper, Vicks, Gillette, Oral-B, Tide, and Pantene has recently heightened its dedication. This strategy involves upholding a strong brand portfolio and fostering excellence, efficiency, and positive disruption across the entire value chain. On a global scale, P&G has streamlined its involvement, narrowing down to 10 product categories from 16 and reducing the number of brands from 170 to 65.

In the fiscal year 2022-23, the consumer goods manufacturer based in Cincinnati, USA, touched the $2-billion sales mark in India, more than three decades after its entry into the country. According to two executives familiar with the development, the goal is to explore how technology and human resources can facilitate growth and expedite reaching the next billion marks, aligning with the mandates for both the parent firm and its Indian business.

Continue Exploring: P&G reports strong sales growth amidst challenges; nears $2-Billion mark in India

In the Indian market, P&G competes primarily with Hindustan Unilever (HUL), the local unit of Unilever, which is nearly four times its size. Despite being the market leader, HUL dominates over half of the market share in sanitary napkins and shaving razors, consistently expanding its presence in these segments. The company disclosed sales amounting to INR 16,089 crore and a net profit of INR 1,682 crore across its four Indian entities.

Over the last two decades, P&G has invested approximately INR 20,000 crore in its operations in the country, solidifying its position as one of the top ten global markets for the company. McKinsey has been enlisted to oversee its worldwide operations, focusing on fostering synergies and charting growth trajectories across various countries.

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Hindustan Unilever prioritizes beauty and digital capabilities in strategic restructuring for future growth

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Unilever
Unilever

Rohit Jawa, the managing director of Hindustan Unilever (HUL), emphasized that the company’s foremost focus is on developing beauty and digital capabilities, considering them pivotal for its future success in the country.

HUL, a key player in the beauty market featuring popular brands such as Lakme and Ponds, is slated to split its beauty and personal care division from April. A new leader will be appointed for the beauty segment, alongside the creation of a fresh role dedicated to advancing its digital agenda.

Continue Exploring: Hindustan Unilever restructures beauty and personal care division into separate entities

“The beauty care market will grow exponentially and create way more value in the decades to come if its per capita consumption is anywhere near even Southeast Asia, forget China. So the primary motive for doing this is to create the focus and specialisation for different competitive sets. Some of them are indeed digital, but digitalisation is more secural and more pervasive, not just to do with a specific segment of players,” Jawa told investors on an earnings call.

“And, of course, because it’s margin accretive, this higher growth would be actually good for the company. The beauty mandate is to increase the level of growth, grow the portfolio, go to faster growth, (create) new demand spaces and essentially be the best in class beauty company or beauty unit in the country,” he said.

Analysts suggest that the decision is also influenced by escalating competition, particularly from direct-to-consumer players who have recently penetrated the beauty sector. Currently, specialized beauty brands like L’Oreal, Mamaearth, Nivea, and Nykaa hold a 33% market share, projected to increase to 42% in the next five years. In contrast, established companies like HUL and Procter & Gamble, constituting two-thirds of the market, are anticipated to experience a 9-percentage-point decline, resulting in a 58% share by 2027, as outlined in a collaborative report by Redseer Strategy Consultants and Peak XV.

Currently, HUL’s beauty and personal care division contributes to 37% of its total sales and constitutes 43% of its operating profit. Five key brands, including Lux and Pond’s, generate annual revenues surpassing INR 2,000 crore. Additionally, the company boasts nearly half a dozen digital-first brands such as Simple, Love Beauty & Planet, Baby Dove, Acne Beauty, and Find Your Happy Place. Notably, the beauty category holds a more premium position in comparison to HUL’s other segments. In the last two years, the mass segment within the fast-moving consumer goods industry witnessed a 2% growth, whereas premium products experienced a substantial 9% expansion.

HUL mentioned that its beauty business is expected to grow at a faster pace than the personal care segment.

“The shape and profile of the personal care growth will be more balanced between top and bottom line and probably not be as fast as beauty because of the sheer tailwind across these 2 different businesses,” he said.

In recent years, HUL has implemented innovations throughout its value chains to enhance agility, flexibility, and efficiency. Notably, the establishment of nano factories has enabled the production of smaller batches in kilograms instead of tonnes, facilitating quicker product launches. This successful approach is being extended to other Unilever markets, aiming to reduce innovation lead times and costs. Moreover, HUL’s digitized sales, spanning various platforms such as e-commerce channels and the internal ordering app Shikhar, now contribute to over 40% of its total sales.

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FMCG giants spice up instant noodle portfolios as Indian consumers crave K-noodles

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Ramen

The popularity of Spicy Ramen from South Korea is rapidly increasing in India, surpassing the demand for instant noodles. Following the success of South Korean dramas, beauty products, cars, and electronic goods, these noodles have now emerged as the latest trend to penetrate the Indian market.

What began as a fad during the pandemic has now evolved into a lasting trend that is here to stay.

Recognizing this trend, Indian fast-moving consumer goods (FMCG) companies are diversifying their instant noodles portfolios to meet the increasing demand for K-noodles.

In November 2023, Nestle India expanded its Maggi brand by introducing Maggi Korean noodles in two flavors – BBQ chicken and BBQ veg.

Continue Exploring: Nestle to introduce 40 gm Maggi packets for INR 10 in market expansion bid

In a similar vein, Hindustan Unilever has also broadened its product range by introducing the Knorr Korean Meal Pot, further tapping into the growing demand for Korean-inspired food options in India.

Nissin, renowned for producing Top Ramen instant noodles, introduced its K-noodles variant called Gekki three years ago.

Korean Noodles Market Soars to INR 65 Crore

According to the latest data shared by consumer intelligence firm NielsenIQ, the size of the Korean noodles market surged from INR 2 crore in 2021 to over INR 65 crore in 2023.

“In terms of value, this segment has experienced a 4X growth compared to last year. It surpassed the 10 per cent growth in instant noodles,” said Roosevelt D’souza, head of customer success – India – at NielsenIQ (NIQ).

“With over a dozen major players in this segment, and in response to the increased demand, we anticipate key players in the instant noodles category expanding their portfolio to include this variant,” D’souza added.

In a report from May 2023, quick-commerce platform Zepto highlighted that the growth is being propelled by demand from Delhi-NCR, Bengaluru, Mumbai, Chennai, and Hyderabad.

Continue Exploring: ITC launches new YiPPee! Wow Masala Noodles at INR 10 to rival Nestle’s Maggi

“The recent wave of K-Pop (Korean pop music) and K-Dramas has not only brought Korean culture to India, but also influenced various lifestyle choices cutting across age groups and regions in India. This is particularly seen in new Korean food experiences. It has been fascinating to see the impact of new Korean instant food brands, and an increasing number of restaurants serving the cuisine,” Saurabh Maheshwari, senior vice-president, category and buying, Zepto, stated in the report.

The report additionally indicated that brands offering Korean and Asian products on the platform observed a 400 percent increase in sales in the six months leading up to May 2023.

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