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Winter’s Warm Embrace: A Gin Cocktail That’ll Steal Your Heart!

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Gin Cocktail

Gin Cocktail Recipe: As winter tightens its grip on us, there is no better time to give yourself some warm pleasure that would help you fight this cold. A delectable gin drink is all that you should go for this winter. Whether you are a seasoned gin lover or a curious newbie, the winter season provides you with the perfect opportunity to dive into the realm of amazing gin cocktails.

These will not only tickle your taste buds but also add sophistication to your winter evenings. Its versatile blend becomes the canvas for making cocktails that will not only warm your soul but also evoke a sense of sophistication, making it an ideal companion for both men and women longing for a respite from the winter chill.

The Comforting Elegance of Gin

Gin adds a distinct and adaptable flavour to the cocktails with its unique botanical blend. Its cosy and rejuvenating blend, which is often related to warmth, can be effectively utilised to make the cosy cocktails in winter parties.

Consider taking a sip of the cocktail that not only warm your spirits but also tantalize your senses. In the hands of a passionate mixologist or a home barman, gin may be converted into a wint elixir that transcends seasonal bounds, adding a touch of cosy elegance to our cups.

The Show’s Star: Juniper Berry Bliss

The juniper berry, a botanical superstar, is the centre of attraction of this amazing cocktail. Embrace the winter vibes with the essence of juicy juniper berries in a cocktail that will warm your heart.

Juniper Berry Bliss, our winter libation, aims to capture the essence of juniper berries in a way that captivates the senses and warms the spirit. Begin your mixological expedition with a high-quality gin to provide you with a smooth foundation for your winter masterclass.

gin

Ingredients:

  • 30 ml premium gin
  • 15 ml elderflower liqueur
  • 10 ml freshly squeezed
  • 10 ml of honey syrup (mix equal parts honey and hot water)
  • Rosemary twig for a pinch of freshness
  • A handful of cranberries
  • A handful of Juniper berries

Instructions:

  • Fill a shaker full of ice
  • Add the gin, elderflower liqueur, lemon juice and honey syrup
  • Shake well until the mixture is thoroughly mixed
  • Strain the concoction in a chilled glass
  • Put some cranberries and juniper berries in the glass
  • Garnish with a slice of lime and rosemary twig

The Sip: Symphony of Flavours

You will be teleported to a winter wonderland with every sip of this amazing cocktail. The juniper-forward gin is further complemented with the elderflower liqueur.

The lemon juice offers it a citrus kick, whereas honey syrup provides it a sweet subtle taste that soothes your taste buds. Cranberries not only offer colour but also add a sour note to the drink. All these together result in a perfect symphony of flavours that provides you warmth and dances on your taste palette.

Why Everyone Will Love It

  • Versatility: This cocktail offers you different It is a mix of contemporary and classic flavours. It is very appealing to both gin enthusiasts and to those newbies. The soothing familiarity of gin is combined with unexpected twists to create an experience that is both comforting and exciting.
  • Visual Appeal: This cocktail is very pleasing to the eyes. The vibrant red colour of cranberries and the aromatic green of rosemary turn it visually appealing and make it perfect for holiday gatherings and winter nights. It’s more than simply a drink; it’s a visual experience.

Batch-Cocktails-

  • Balanced Complexity: This cocktail is perfectly balanced with the use of different ingredients, giving it different layers of flavours and making it a sophisticated choice for both men and women. The Juniper Berry Bliss is more than just a one-dimensional drink; it’s a sensory voyage.

Pairing Suggestions

Pairing this cocktail with light appetizers will definitely take your experience to a whole new level. Appetizers, like Goat-cheese stuffed mushrooms and smoked salmon crostini, will make you feel out of this of this world. The sharpness of the gin matches the richness of these appetizers and complements each other, resulting in a well-rounded experience.

The Juniper Berry Bliss stands out in the winter cocktail symphony as a beautiful blend of tradition and innovation, warmth and crispness, simplicity and depth. Finally, when the winter howls outside, enjoy the warmth and elegance of this juniper bliss cocktail drink.

This delectable mixture does not promise to lift your winter spirits, but it will also become the favourite of every man and woman who is looking for a refined and cosy drink to enjoy throughout the holiday season. So gather around, clink glasses and get ready for a gin-infused winter season.

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India’s hospitality industry toasts to 2024 with high hopes and record-breaking revenue growth

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hospitality hotel
(Representative Image)

With the pandemic blues behind us, domestic travel has been unleashed, and notable global events like India’s G20 Presidency and the men’s cricket World Cup have amplified the excitement in 2023. As the hospitality sector prepares to check into 2024, there is a prevailing sense of optimism, envisioning an enduring celebration to tap into the vast opportunities within an underserved market.

With the popping of champagne corks to welcome the new year, the hospitality industry reflects on its recent successes, witnessing unprecedented highs in occupancy and room tariffs not only in major metros but also in smaller cities and towns. However, amid the festive atmosphere, a sense of caution lingers as the industry acknowledges potential challenges. Long-term funding accessibility, high GST rates, talent acquisition, and the intricacies of business processes are identified as factors that could potentially cast a shadow on the ongoing celebration.

“In 2023, listed hotel companies reported a double-digit revenue growth enabled by domestic demand, recovery in foreign tourist arrivals, large global events, including India’s presidency of G20 and the sporting events like the cricket World Cup, among others,” Hotel Association of India (HAI) President Puneet Chhatwal said.

According to analysts’ projections, Chhatwal, who serves as the Managing Director and CEO of Indian Hotels Company Ltd (IHCL), reported a 14 percent increase in Revenue Per Available Room (RevPar) for the first half of the current fiscal year. He anticipates further growth, estimating a potential 15-20 percent expansion in the second half of FY24.

On the outlook for 2024, he said, “India’s underserved hospitality sector when compared to the major lodging markets presents a huge opportunity. Also, being amongst the largest employment generators, the sector will be a key pillar to drive sustainable economic growth across the country.”

Federation of Hotel & Restaurant Associations of India (FHRAI) President-elect, Pradeep Shetty said,”as we reflect on the year behind us, we look towards the New Year with a blend of hopes, expectations and an acknowledgement of challenges.”

The past year showcased the sector’s resilience in navigating through unprecedented challenges, particularly amid the revival of the travel trade, he said while also acknowledging that the G20 events contributed significantly to the growth of the Indian tourism sector, marking one of the most significant highlights of 2023.

Shetty, however, struck a cautious note that the road ahead will not necessarily be a cruise on a highway.

“Our expectations lie in addressing persistent challenges, notably the surge in online booking frauds, brand reputation issues due to misleading social media content, and the need for sustainable business practices,” he said.

Furthermore, Shetty highlighted that persistent concerns such as long-term funding accessibility, elevated GST rates, talent acquisition challenges, and intricate business processes remain focal points requiring careful consideration.

The issues notwithstanding, Fortune Hotels Managing Director Samir MC said, “as we step into 2024, and step ahead towards growing our footprint across new locations in the country, we anticipate consolidation and exploration, with a shift towards sustainable practices and a focus on untapped markets to cater to varied traveller segments.”

Further, he said, “we see massive potential in smaller towns and cities that present exciting opportunities.”

In 2023, Samir said, “we witnessed a remarkable resurgence in tourism, fuelled by domestic travel and the gradual return of international visitors. The industry’s evolution post-pandemic has set the tone for any eventualities that the future may bring. This positive momentum propels us forward, painting a future brimming with opportunities.”

The hospitality business indices moved substantially northward, way beyond the pre-Covid levels, he said and added, “this coming back to life inspires us to continue our journey ahead”.

Mahindra Holidays & Resorts India Ltd Managing Director and CEO Kavinder Singh said, “the current trend in travel highlights a clear inclination toward staycations, leisurely exploration, environmentally conscious journeys, weekend getaways, and, above all, a strong desire to spend quality time with loved ones.”

The commencement of 2023 marked a positive shift for the tourism and hospitality sector, bringing a welcome change from the challenges of the past two years. He added that air traffic crossed new milestones in daily numbers, with domestic reaching 4.63 lakhs and international surpassing 1 lakh passengers.

Bullish on the long term potential of the sector, Singh said, “in line with our strategic objective, we aim to double the room count from around 5,000 to 10,000 by FY30”.

“Currently, we have Rs 835 crore of capex underway for five greenfield, brownfield, and acquisition projects, comprising about 690 keys,” he noted.

In a similar vein, Eros Hotel, New Delhi General Manager Davinder Juj said the company is optimistic about the growth prospects in 2024 building on the success of 2023.

“Our projections indicate a conservative yet promising 8-9 per cent growth in both room occupancy and ADR (Average Daily Rate) compared to 2023. This outlook is backed by continued investment in guest-centric initiatives, innovative marketing campaigns, and adaptability to emerging travel trends,” he added.

In 2024, India’s hospitality sector is hoping that beyond the hangover from 2023, it will be a new party and a new beginning to cash in on the opportunities that lie ahead.

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SOCIAL breaks ground in Hyderabad with first outlet at Mindspace IT Park

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SOCIAL

SOCIAL, India’s collective of neighborhood cafes, has opened its first outlet in Hyderabad, Telangana, at Raheja Mindspace IT Park in HITEC City. With Mindspace SOCIAL being Impresario’s 50th SOCIAL in India, the beloved SOCIAL experience has now come to Hyderabad, along with its trademark food, culture, co-working and community activities, and a high-energy nightlife.

Riyaaz Amlani, founder and managing director, Impresario Entertainment & Hospitality Pvt. Ltd., shared his excitement about the launch, “Hyderabad’s cultural legacy and technological prowess inspired us to create an experience that celebrates tradition, against the backdrop of a HITEC neighbourhood. The 50th outlet is a very important milestone for us, and Mindspace SOCIAL pays tribute to the authentic spirit of Hyderabad, encapsulating its diversity, warmth, and creative energy. Mindspace SOCIAL embodies SOCIAL’s community driven vision, we are excited for Hyderabad to come and experience it.”

With a remarkable capacity to host 2,500 individuals spread across three spacious floors, Mindspace SOCIAL is positioned as the ultimate destination for a varied audience. Extending a hearty invitation to artists, professionals, and enthusiasts alike, this venue ensures an engaging experience that celebrates the core of creativity and connections.

Mindspace SOCIAL unveils a tempting menu that seamlessly merges its nationwide bestsellers with a variety of special dishes exclusive to Hyderabad. Visitors can savor the essence of iconic Hyderabadi cuisine, highlighted by local favorites like the Hyderabadass Breakfast Tray, featuring a hearty combination of Daal Khichdi, keema, and tamarind with a marag. Additionally, the food menu at Mindspace SOCIAL showcases hyperlocal delights such as the Apollo Fish, Gongora Chicken Tikka, and the iconic Ulvacharu Chicken Biryani, among other culinary gems inspired by the diverse and rich palette of Hyderabad.

Mindspace SOCIAL is open for guests from 9 AM to 12 AM on Monday to Thursday and Sunday, and from 9 AM to 1 AM on Friday and Saturday. The establishment is located at Mindspace Junction, Mindspace Cyberbad, Hi Tech City Junction, Hyderabad, and offers online delivery through platforms such as DotPe, Swiggy, and Zomato.

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From April 2024, beer shops in Uttar Pradesh can apply for licenses for dedicated drinking zones

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Beer

Following the approval of the state cabinet’s newly implemented excise policy on Tuesday, beer shops in Uttar Pradesh can now seek permission for a dedicated drinking area, drawing parallels to model shops permitting BYOB (Bring Your Own Bottle).

Starting from April next year, the excise department will issue licenses to vendors for a 100-square-foot area near their shops, with an annual license fee set at INR 5,000. Similar to BYOB establishments, vendors will not be permitted to serve food to customers.

As per the policy document, to consume beer in the vicinity of the vending area, the applicant is required to possess a minimum space of 100 square feet within a 20-meter radius of the shop. Additionally, the beer shop is not permitted to have a canteen facility.

Authorities disclosed that this easing of restrictions is intended to discourage the practice of public drinking on roadsides or in vehicles. Subodh Kumar, the district excise officer, conveyed that this fresh initiative is anticipated to reduce such occurrences while concurrently enhancing revenue.

These changes are part of the new excise policy, slated to come into effect on April 1, 2024.

In the current policy framework in Uttar Pradesh, liquor shops are classified into three categories—model shops, foreign liquor shops, and beer shops. Presently, the buying and consumption of liquor are allowed at model shops, whereas it is not permitted at foreign liquor shops and beer shops.

Gautam Budh Nagar alone hosts 25 model shops, 141 foreign liquor shops, and 140 beer shops.

Ashok Yadav, a liquor trader, welcomed the government’s move, stating, “This is a welcome move by the government. A number of people buy beer, but they can’t find suitable places to consume it. I am planning to get a beer shop license in the coming months.”

Consumers also regard the new policy as a “positive initiative.” Sanjeev Kumar, a resident of Sector 51 in Noida, expressed, “I feel the new policy is a good initiative. But these shops should be at a sufficient distance from residential areas and educational institutions.”

Furthermore, the upcoming policy is set to result in a price surge in liquor starting from the next fiscal year, involving a suggested INR 5 raise for country-made liquor and a 10% increase in the license fee for all retailers.

Continue Exploring: New excise policy maintains liquor prices except for country-made; premium outlets at transit hubs approved

Although the prices of beer and Indian-made foreign liquor (IMFL) have remained stable, Noida witnessed a notable surge in liquor sales, reaching INR 1,652.7 crore in the fiscal year 2022-23, compared to INR 1,346.4 crore in the preceding year. Similarly, Ghaziabad experienced an increase in revenue from liquor trade, rising from INR 1,474 crore in 2021-22 to INR 1,577 crore in 2022-23.

As the New Year draws near, the district excise officer has declared an enforcement campaign to ensure adherence to regulations during celebrations. He emphasized, “Individuals must obtain occasional bar licenses to serve liquor at parties. Violations will lead to FIRs, and the offenders will face imprisonment.” The campaign is slated to take place from December 21 to January 4 in Noida and Greater Noida, featuring unannounced inspections at different sites.

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Enrico Eyewear secures INR 2.1 Crore in pre-seed funding round led by 100X.VC

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Enrico Eyewear
Kavin Khara, Founder of Enrico Eyewear

Eyewear brand Enrico Eyewear has successfully raised INR 2.1 crore in a pre-seed funding round, with 100X.VC taking the lead in the investment.

In a press release, Enrico conveyed its intention to utilize the raised funds for extending market outreach through varied distribution initiatives, enlightening customers on the significance of premium eyewear, and sustaining eye health awareness.

Established in 2022 by Kavin Khara, Enrico Eyewear strives to streamline the eyewear buying process by presenting a thoughtfully curated assortment of select yet universally embraced frames, consistent with its strategic focus on hero products. The product range encompasses computer glasses and sunglasses, delivering defense against the rigors of digitalization and sunlight.

The Mumbai-based startup is strategically expanding its product portfolio, with upcoming launches including night-driving glasses and photochromics in the pipeline.

To date, 100X.VC has invested in more than 140 startups, raising more than $72 million in funding from VC funds, High Net Worth Individuals (HNIs), Angel Networks, and Family Offices.

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Bisleri enlists Deepika Padukone as brand ambassador, unveils refreshing #DrinkItUp campaign

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Bisleri

Bisleri, the leading mineral water brand in India, has appointed Deepika Padukone as its first-ever global brand ambassador to star in the new campaign, Bisleri #DrinkItUp.

Jayanti Chauhan, Vice-Chairperson, Bisleri International Pvt. Ltd, said, “Bisleri is synonymous with hydration. Our new campaign Bisleri #DrinkItUp is embracing the fun and excitement of visualising hydration in an iconic style with Deepika Padukone for the first time ever. We are thrilled to have her as our first global brand ambassador as her work and values align with our brand philosophy. With her, we are able to show our brand evolving with modern times. We are confident that everyone will love this campaign and enjoy hydrating with Bisleri.”

Tushar Malhotra, Head of Marketing, Bisleri International Pvt. Ltd, adds, “The Bisleri #DrinkItUp campaign is a significant step to contemporise the brand, increase brand love and have exciting conversations with our consumers.”

The #DrinkItUp campaign from Bisleri was filmed by Nirvana Films and directed by the accomplished filmmaker Prakash Verma. Wavemaker and GroupM ESP were responsible for managing Bisleri’s collaboration with Padukone.

The comprehensive campaign will be showcased across a range of channels, encompassing television, digital platforms, Out-of-Home media, delivery vehicles, influencer interactions, OTT platforms, and more. Additionally, Padukone’s presence will extend to all Bisleri product packaging. The aim, as stated in a release, is to provide consumers with a rich and engaging experience through these diverse touchpoints.

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Cult.sport expands footprint with flagship store launch in Bengaluru

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Cult.sport

Cult.sport, the sports-centric direct-to-consumer (D2C) brand, has recently inaugurated its flagship store in Bengaluru, according to an announcement by a company representative on social media. Situated in Indiranagar, this marks the second brick-and-mortar store for Cult.sport in the country.

“We at Cult.sport, from Curefit – house of Cult, are proud to launch our flagship store at Indiranagar, Bengaluru which elevates the customer experience with a unique offering for the everyday athletes in the maidan called India,” said Saket Singh, retail lead of Cult.sport in a LinkedIn post while sharing images of the new store.

A month ago, Cult.sport entered offline retail with the opening of its first physical store in HSR Layout, Bengaluru.

Established in 2016 as an online venture by Mukesh Bansal and Ankit Nagori, Cult.sport specializes in creating activewear apparel, sports shoes, cycles, fitness equipment, and sporting goods. Cult.sport’s parent company, Cult.fit (formerly known as Cure.fit), provides integrated digital and offline experiences in the realms of fitness, nutrition, and mental well-being through a unified app-based platform.

Cult.fit opened its first center in South Bengaluru and has since expanded its presence to over 130 locations across Bengaluru, Delhi, Mumbai, and Hyderabad, according to the company’s website.

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Mufti’s parent company, Credo Brands, reports robust 6.94x subscription in IPO

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Mufti

The initial public offering (IPO) of Credo Brands Marketing, the proprietor of the denim brand Mufti, garnered a subscription rate of 6.94 times on the second day of the offer on Wednesday.

According to NSE data, the Initial Public Offering (IPO) of INR 549.77 crore received bids for 9,53,22,779 shares, surpassing the 1,37,44,472 shares available for subscription.

The non-institutional investors’ category saw a subscription rate of 11.47 times, whereas the Retail Individual Investors (RIIs) segment garnered a subscription of 8.76 times. The portion allocated for Qualified Institutional Buyers (QIBs) received a 35% subscription.

The Initial Public Offering (IPO) consists of 1,96,34,960 equity shares with a price range set at INR 266-280 per share.

Credo Brands’ public issue is an Offer For Sale (OFS) of up to 1.96 crore shares by promoters and other existing shareholders.

The company has collected INR 165 crore from anchor investors.

Continue Exploring: Mufti’s parent company, Credo Brands, secures INR 165 Crores from anchor investors

Credo Brands Marketing is among the leading homegrown brands in the mid-premium and premium casual men’s wear market in the country.

As of September 2023, the company had 1,807 touch points across the country, including 404 exclusive brand outlets, 71 large format stores, and 1,332 multi-brand outlets.

DAM Capital Advisors, ICICI Securities and Keynote Financial Services are the managers to the offer.

The equity shares of the company are proposed to be listed on BSE and NSE.

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India’s appetite for second-hand luxury goods skyrockets, tier II, III markets thrive

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Luxury Goods

The demand for second-hand luxury goods is on the rise in India, showcasing the increasing ambitions of young buyers and consumers in tier-II and tier-III markets. This trend is driving growth in a previously unexplored market segment.

Despite indications of a slowdown in the worldwide luxury goods market, Luxepolis in India, boasting an online user base of 3.5 million, achieved over 80% sales growth this year.

“We are planning to expand our retail footprint in 2024 with a couple of stores planned for Delhi-NCR and Bengaluru. Pre-owned luxury has definitely hit the mainstream market in India with many consumers buying pre-owned luxury goods and many smaller players launching me-too pre-owned luxury businesses,” said Vijay KG, founder of Luxepolis, an online marketplace for certified pre-owned and discounted new luxury goods.

“As per our research, there are about seven new pre-owned businesses launched this year,” he said.

According to Anvita Mehra, CEO of Confidential Couture, 2023 marked the most successful year for the company since its establishment nine and a half years ago, experiencing a 60% year-on-year growth in sales.

This year, Confidential Couture opened its first experience center in Delhi and has plans to launch similar centers in other markets.

“The entire industry has been on an upward swing. The best performing category is handbags for us, followed by watches, and other accessories such as scarves and wallets. This whole combination of e-commerce backed by experience stores should be the future for anybody in this space. We are not a Nykaa. Our price points are very different and can go up to ₹16 lakh for a very high-end bag,” she added. Mehra sells products of brands such as Hermes, Chanel, Louis Vuitton, Fendi and Prada.

Arjun Singh Hira, the founder of chronoseconds.com, a seller of pre-owned luxury watches, stated that the market is expanding, and sales have increased. As an example, his company successfully sold a vibrant Grand Seiko rose gold watch for INR 15 lakh to a buyer in Lucknow.

“The interesting thing about pre-owned watches is they don’t devalue. Cars devalue. If you buy a pre-owned watch, depending on the watch it will correct to a market price and then it will keep rising. That’s why people talk about watches being an investment,” he said.

“The popular brands are Rolex, Omega, Cartier, IWC and Panerai. In our portfolio, the most expensive watch costs about INR 35 lakh, while the cheapest could be for INR one lakh,” he added.

Chitra Goenka, the founder and CEO of LabelCentric, expressed that this has been the most successful year for her company.

“The awareness is so much. Brands such as Balenciaga, YSL, Valentino are coming into India through official retail channels, which will make the market even bigger. Our discounts can vary from 20% for a relatively new item to up to 90% when it comes to shoes and clothing. We recently set up a permanent space at Nariman Point for customers to see the stock,” she said.

“We have also started a private members-only group called LC Sourced through which we can source new products of brands that are not available in India through luxury shoppers in Europe,” she added.

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Arvind Fashions aims to be debt-free in 2 years with a franchise-based expansion strategy

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Arvind Fashions
Arvind Fashions

Arvind Fashions, a retailer of renowned brands such as Arrow, Tommy Hilfiger, and Calvin Klein, aims to become a zero-debt company within the next two years. This goal is based on the foundation of improved cash flow and a dedicated focus on franchise-based expansion, according to Vice Chairman Kulin Lalbhai.

The Bengaluru-headquartered firm has undertaken a strategic consolidation of its brand portfolio, reducing it from over 20 fashion brands to just five. Presently, the company bears a debt burden of around INR 300 crore. In a recent dialogue with analysts, the management revealed that the net debt for the company at the close of the September quarter stood at INR 476 crore.

“We embarked on a full-blown strategy 2-3 years back to create large iconic brands where we will get operational efficiencies and profitability by scaling them up,” said Lalbhai. “After the portfolio restructuring, the business is generating high return on capital employed, highly profitable and generating strong cash flow. If we achieve our business plan, the company will be debt free in two years.”

Shailesh Chaturvedi, the Managing Director and Chief Executive Officer, stated that the company intends to enlarge the footprint of its stores for each brand by 25%. This expansion aims to encompass a broader range of products for each brand, including footwear, kids’ wear, and innerwear. Additionally, the company plans to test a novel large retail format that consolidates all its brands under one roof.

Arvind Fashions retails clothing and accessories from brands such as Arrow, Tommy Hilfiger, U.S. Polo Assn., Calvin Klein, and Flying Machine. Its products are available through multi-brand apparel stores and over 1,000 exclusive brand outlets. Notably, U.S. Polo Assn. stands as the largest brand, boasting annual sales exceeding INR 2,000 crore. Arrow and Tommy Hilfiger each contribute INR 1,000 crore to the business, while Calvin Klein and Flying Machine generate INR 500 crore each in sales.

Chaturvedi stated that the company seeks to achieve an annual sales growth of 12-15% and enhance EBITDA by 100 basis points each fiscal year. It’s worth noting that a basis point represents 0.01 percentage points.

The company is testing a novel format in Bengaluru, featuring a store spanning 3,000-4,000 sq ft where all five brands are available under a single roof.

“That apart, we intend to open 150-200 exclusive brand stores every year with almost 90% of them through the franchisee route to make it an asset light model,” said Chaturvedi. “However, we will control the operations very tightly.”

Last month, Arvind Fashions completed the sale of its wholly owned subsidiary, Arvind Beauty Brand Retail, to Reliance Retail for an enterprise value of INR 216 crore. This subsidiary oversees the 26-store-strong Sephora India business. The company had announced its plan to utilize the proceeds for the expansion of its five-brand portfolio and the repayment of debts.

“Due to efficiencies, EBITDA grows much faster than revenue and net profit too will grow faster,” said Lalbhai. “We are also looking at adjacencies like footwear, kids-wear and inner-wear as a big segment. Adjacencies currently account for 12-15% of overall business but it can become 25% soon.”

Last fiscal, the company experienced a remarkable 45% year-on-year increase in revenue, reaching INR 4,421 crore, alongside a net profit of INR 88 crore. This marked a significant turnaround from the net loss of INR 104 crore posted in FY22.

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