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Flipkart Sells 6 Million Ethnic Wear Pieces in a Year — 90% Repeat Buyers, Tier 3 Cities Power 55% of Sales

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Flipkart Sells 6 Million Ethnic Wear Pieces in a Year — 90% Repeat Buyers, Tier 3 Cities Power 55% of Sales

In the past year, over 6 million shoppers turned to Flipkart for their ethnic fashion needs — and nearly 9 out of 10 of them came back for more. The surge in repeat purchases highlights not just customer satisfaction but a broader shift: ethnic wear is no longer limited to festivals and weddings; it’s becoming part of the everyday wardrobe across India.

Young adults, especially those aged between 25 and 35, make up the largest slice of this growing audience. And the demand isn’t confined to one region. Whether it’s the streets of Bengaluru or the lanes of Guwahati, daily ethnic wear is finding a strong foothold. Cities like New Delhi, Kolkata, Hyderabad, Patna, Lucknow, Chennai, Pune, and Mumbai are also fueling this trend.

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What’s also interesting is who’s buying what. Women drive 65% of purchases in the women’s ethnic category, while men are behind a whopping 88% of sales in men’s ethnic wear. The appeal of ethnic fashion is growing rapidly in India’s heartland too — smaller towns and Tier 3 cities now account for more than half of all ethnic wear shoppers on the platform.

“Ethnic clothing has become a bridge between local culture and digital convenience,” said Kunal Gupta, Vice President at Flipkart Fashion. “We’re seeing an incredible wave of new shoppers from Tier 2 and Tier 3 cities, where there’s deep cultural affinity for traditional wear, combined with rising comfort with online shopping.”

People are shopping for ethnic wear not just for big occasions, but also for everyday use — whether it’s work, college, casual outings, or smaller celebrations. Sales tend to spike during India’s festive months (August to November) and around wedding seasons (November to February, and again in April and May).

Artisan-focused labels like Konark, Shishir, and Wreetika are making waves alongside well-known national names such as Libas, Indo Era, Janasya, and Mirchi Fashion — showing that tradition and trend can thrive together on a modern platform.

Kurta sets are the current favorites, making up 42% of ethnic fashion sales on Flipkart, followed by sarees at 24%, and kurtis holding steady at 18%.

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Since its founding in 2007, Flipkart has built a registered user base of over 500 million and today offers more than 150 million products across 80 categories. With over 1.4 million sellers now active — including many on its Shopsy platform — Flipkart continues to be a leading force in how India shops, blends tradition with convenience, and redefines everyday fashion.

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ITC’s Q4 Profit Skyrockets 295% to ₹19,807.8 Cr, FY25 Net Surges 69% — Board Declares ₹7.85 Dividend Despite Flat Revenue

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ITC’s Q4 Profit Skyrockets 295% to ₹19,807.8 Cr, FY25 Net Surges 69% — Board Declares ₹7.85 Dividend Despite Flat Revenue

ITC Ltd delivered a striking performance in the final quarter of the financial year, with its consolidated net profit soaring nearly four times to ₹19,807.8 crore for the three months ending March 31. This is a substantial leap from ₹5,013.18 crore posted in the same period last year, as per the company’s latest regulatory filing.

Interestingly, the topline growth didn’t follow the same dramatic trajectory. Revenue from operations for the quarter came in almost unchanged at ₹20,376.3 crore, compared to ₹20,349.9 crore in Q4 of the previous fiscal.

Looking at the full year, ITC recorded a strong bottom-line growth, with net profit for FY25 rising 68.9% to ₹35,052 crore, up from ₹20,751 crore in FY24. Total revenue from operations stood at ₹81,612.78 crore, marking a year-on-year increase of 10.4%.

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As a reward to its shareholders, ITC’s board has proposed a final dividend of ₹7.85 per share (face value ₹1) for the financial year ended March 2025.

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Despite the impressive profit numbers, ITC’s stock closed 1.58% lower at ₹426.10 on the BSE on Thursday. The company announced its earnings after trading hours.

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De Beers CEO Al Cook Predicts India’s Diamond Jewellery Market Will Double to $20 Billion by 2030, Plans 100 Forevermark Stores”

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De Beers CEO Al Cook Predicts India’s Diamond Jewellery Market Will Double to $20 Billion by 2030, Plans 100 Forevermark Stores”

De Beers is setting its sights firmly on India, with expectations that the country’s appetite for diamond jewellery could double by the end of the decade. Al Cook, the global CEO of De Beers Group, shared that India has overtaken China to become the second-largest market for natural diamond jewellery — a major milestone for the company.

“We’ve seen double-digit growth year after year,” Cook said during a media briefing. “Right now, India’s demand for natural diamond jewellery is just under $10 billion, and it’s rising at about 12% annually. At this pace, we believe it will more than double by 2030.”

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To keep pace with this growth, De Beers is rolling out its Forevermark brand across India. The company is kicking off with four new stores—two in Delhi and two in Mumbai—over the coming months. But that’s just the start. Cook outlined an ambitious plan to grow the footprint to more than 100 stores across the country within five years.

Amit Pratihari, De Beers India’s Managing Director, explained the company’s strategy: “We’re not just opening stores for the sake of scale. This is a focused expansion. We’ll take a cluster-based approach—fully develop one market before moving on to the next. And while we’re doing that, we’re also going digital with an e-commerce platform launching alongside our physical stores.”

The expansion plan includes both company-owned and franchise-operated outlets, not only in major metros but also in emerging Tier II and Tier III cities where there’s a growing aspirational class of buyers.

While De Beers is doubling down on natural diamonds, it’s pulling back from lab-grown ones. Cook confirmed the company’s decision to shut down its Lightbox lab-grown diamond jewellery line, citing a strategic pivot.

“We believe the real future of lab-grown diamonds lies in technology and industry, not jewellery,” he said. De Beers’ subsidiary Element Six will focus on advanced applications like semiconductors and data centers—areas where India is investing heavily in its tech infrastructure. “We see a real opportunity to collaborate and contribute meaningfully to India’s digital ambitions.”

On pricing, Cook noted that the cost of lab-grown diamonds has nosedived, with wholesale prices in the jewellery segment plunging by about 90%. “There’s a growing awareness among consumers that natural and lab-grown diamonds are not the same,” he added. “Tools like Diamond Proof are helping bust the myth that you can’t tell the difference.”

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With India becoming a central player in De Beers’ global strategy, Cook also touched on marketing. “Our 2025 marketing budget for natural diamonds will be the highest we’ve committed in the past 10 years,” he revealed.

On the topic of global trade, particularly in light of new U.S. tariffs, Cook was optimistic. “There are no natural diamond mines in the U.S., just like there’s no gold production. That’s why we believe natural diamonds will be exempt from these tariffs, as they’ve done with other non-domestic resources.”

With India emerging as a diamond powerhouse, De Beers is clearly not just watching the market—they’re moving fast to shape it.

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Shah Rukh Khan’s Family Bets on AI-Powered Mythology Startup Mythik, Joins $15M Seed Round

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Shah Rukh Khan’s Family Bets on AI-Powered Mythology Startup Mythik, Joins $15M Seed Round

Mythik raises $15M seed round to modernize Indian mythology, blending culture, tech, and storytelling under founder Jason Kothari.

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The Mumbai-based company is off to a strong start, attracting funding from several high-profile backers. Among the investors are Sakal Media Group, gaming-focused firm BITKRAFT, VC Grid, Visceral Capital, the family offices of Bollywood icon Shah Rukh Khan and the Patni business family. The company plans to use this capital to expand both its content slate and technical capabilities.

What sets Mythik apart is its mission: to breathe new life into Indian epics, folk tales, and historical sagas through short, visually compelling videos. These aren’t the traditional, long-format retellings you might expect. Each episode runs about 10 to 12 minutes, making it easy for today’s viewers to engage with stories that have shaped Indian culture for centuries.

Titles such as Ram vs Ravan: The Final Duel, Shakuni’s Story, and The Women of Ramayan have already begun to draw attention. With high production value and a narrative-driven approach, Mythik aims to make mythological storytelling feel fresh and exciting, especially for younger generations who may not have grown up with these tales.

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As India’s appetite for high-quality, culturally rooted content grows, Mythik’s timing couldn’t be better. The company is betting big on the idea that the country’s rich narrative heritage—told in a new format—can carve out a significant space in the entertainment landscape.

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FSSAI Cracks Down on Lapsed Food Licenses: Mandatory Closure Reports Now Compulsory for Over 10 Lakh+ FBOs in FY 2024-25

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FSSAI Cracks Down on Lapsed Food Licenses: Mandatory Closure Reports Now Compulsory for Over 10 Lakh+ FBOs in FY 2024-25

New Delhi, May 16, 2025 — The Food Safety and Standards Authority of India (FSSAI) has issued a new directive requiring all Food Business Operators (FBOs) whose licenses or registrations expired during the financial year 2024-25 to submit a mandatory Closure Report. The move is aimed at tightening compliance and maintaining traceability in India’s food safety system.

According to the order, FBOs must confirm that no food business activity is being carried out under expired FSSAI licenses. If operations are ongoing, businesses must provide proof of a new license or registration. Additionally, those not renewing their licenses are required to state specific reasons for the decision.

The new regulation is applicable to all future cases as well. Once a license expires, the FBO will be required to file a report through the Food Safety Compliance System (FoSCoS) portal. This includes explaining why the business is shutting down or why the license is not being renewed.

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The FSSAI emphasized that running a food business under an expired license violates Section 31 of the Food Safety and Standards Act, 2006. Offenders could face penalties of up to ₹10 lakh under Section 63 of the Act.

To streamline communication, FSSAI is also sending automated email alerts titled ‘Notice for closure of food business’ to operators whose licenses have lapsed. Businesses are advised to ensure that their contact information on the FoSCoS portal is current in order to receive such notifications.

A user manual to guide businesses on submitting non-renewal reasons through the portal has been included with the order. This initiative is part of FSSAI’s broader compliance strategy, reinforcing accountability across the food industry.

The circular was signed and approved by Dr. Satyen Kumar Panda, Executive Director (Compliance Strategy), and circulated to food business operators, safety officers, regional commissioners, and IT divisions.

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As FSSAI tightens enforcement, the focus is clearly shifting toward improving transparency in food licensing — an important step for public health and consumer safety in a rapidly growing food business environment.

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Zepto Brings on Rachit Ranjan as Its First-Ever Chief Public Policy Officer Amid Nationwide Expansion Push

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Zepto Brings on Rachit Ranjan as Its First-Ever Chief Public Policy Officer Amid Nationwide Expansion Push

Mumbai, May 2025: As Zepto barrels ahead with its rapid growth across India’s urban landscape, the quick commerce disruptor has made a significant hire: Rachit Ranjan will take on the newly minted role of Chief Public Policy Officer starting this month.

This is the first time Zepto has appointed someone to specifically lead its public policy and government affairs function—a sign of how central regulatory strategy has become to the company’s national ambitions.

Aadit Palicha, Zepto’s Co-founder and CEO, shared his excitement about the appointment, saying, “As we grow at breakneck speed, we need leaders who understand the nuances of public policy—not just the rules, but the relationships and real-world implications. Rachit’s experience speaks for itself.”

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Rachit brings more than 15 years of experience navigating the intersection of business, policy, and law. He’s previously held senior roles at some of the most high-profile names in tech and digital services—Dream11, WhatsApp, JUUL Labs, and Uber—where he specialized in translating regulatory complexity into actionable business strategy.

He’s a graduate of UC Berkeley School of Law and NUJS Kolkata, and has built a career helping tech-led companies earn the trust of lawmakers, regulators, and the public.

On stepping into his new role, Rachit said, “Zepto is a phenomenon. It’s not just redefining delivery—it’s challenging how urban India thinks about convenience and access. I’m excited to join a company that’s reshaping the future, and to make sure that future is built responsibly, with collaboration at its core.”

He also emphasized the importance of working closely with government bodies and public stakeholders: “Good regulation doesn’t stifle innovation—it enables it. I’m here to help make sure Zepto continues to grow in a way that’s fair, inclusive, and sustainable.”

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Rachit’s role will focus on shaping Zepto’s regulatory approach, strengthening its partnerships with policymakers, and ensuring that the company’s rapid expansion is underpinned by a solid foundation of trust and transparency.

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Colgate-Palmolive India’s Q4 Profit Slips 6% Amid Softer Sales, FY25 Still Closes Strong with Rs 1,437 Crore Net Profit

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Colgate-Palmolive India’s Q4 Profit Slips 6% Amid Softer Sales, FY25 Still Closes Strong with Rs 1,437 Crore Net Profit

Mumbai, May 21: Colgate-Palmolive (India) Ltd posted a 6% dip in net profit for the January–March quarter of FY25, bringing in Rs 355 crore compared to Rs 379.82 crore in the same quarter last year. The dent in profit was largely due to a slowdown in sales during the quarter.

Net sales for the fourth quarter came in at Rs 1,452 crore, slightly down from Rs 1,481 crore a year ago. Total income also fell to Rs 1,481.57 crore from Rs 1,512.66 crore in the year-ago period. While expenses rose marginally to Rs 1,003.95 crore, it wasn’t enough to offset the decline in revenue.

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Despite the Q4 blip, the full-year numbers painted a more optimistic picture. Net profit for FY25 rose by 8.5% to Rs 1,437 crore, up from Rs 1,324 crore in FY24. Annual net sales climbed to Rs 5,999 crore, marking a 6.3% year-on-year increase.

“Toothpaste, our core category, showed solid value growth in the mid-single digits,” said Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive India. She added that urban demand softened in the latter half of the year and growing competition further pressured the Q4 performance.

“Looking ahead, we’re cautious about the near-term macro environment but optimistic about a gradual turnaround later in the year,” Narasimhan noted.

The board also declared a second interim dividend of Rs 27 per share (face value Re 1), with a total payout of Rs 734 crore. This takes the full-year dividend to Rs 51 per share for FY25. The dividend will be disbursed on or after June 16, 2025.

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Colgate-Palmolive’s stock closed 1.06% higher at Rs 2,658.50 on the BSE Wednesday.

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Libas Partners with Zepto to Deliver Fashion in 10 Minutes Across 50 Cities—From Kurtas to Co-ords, Fast Style Just Got Real

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Libas Partners with Zepto to Deliver Fashion in 10 Minutes Across 50 Cities—From Kurtas to Co-ords, Fast Style Just Got Real

In a move that blends style with speed, homegrown fashion brand Libas has joined hands with Zepto, the quick-commerce giant led by Aadit Palicha, to deliver clothing to customers in as little as 10 to 12 minutes.

Yes, you read that right—your next kurta set or co-ord outfit could arrive faster than your coffee gets cold.

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The partnership is rolling out across 50 cities, including metro hotspots like Delhi, Mumbai, Bengaluru, Chennai, and Hyderabad, giving shoppers instant access to a curated selection of Libas’ best-selling styles and wardrobe staples. It’s a bold step that aligns with Libas’ digital-first playbook and speaks directly to the impulse-driven, convenience-loving consumer.

“This isn’t just about cutting delivery time. It’s about reshaping how fashion fits into the rhythm of modern life,” said Sidhant Keshwani, Founder & CEO of Libas. “You’ve got a last-minute invite or a sudden plan? We’ve got your look, on-demand.”

The collaboration rides on Zepto’s lightning-fast delivery network and Libas’ consistent demand among young urban shoppers. Together, the brands are turning fashion into a near-instant gratification experience.

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Devendra Meel, Chief Business Officer at Zepto, added, “We’ve helped people get groceries and gadgets at record speed—now we’re doing the same with fashion. Libas gets it, and we’re proud to be the platform that delivers their style statement in minutes.”

Zepto’s catalogue now includes over 45,000 products, spanning everything from fresh food and electronics to toys, skincare, and now, fashion.

Welcome to the age of “outfit in under 15.” No more fashion emergencies—just tap, order, and slay.

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The Sleep Company Elevates Nirav Lalan to CGO After 20x Growth, Onboards Alpesh Jain as CTO to Lead Tech Overhaul

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The Sleep Company Elevates Nirav Lalan to CGO After 20x Growth, Onboards Alpesh Jain as CTO to Lead Tech Overhaul

New Delhi: The Sleep Company is shaking up its leadership team with two major moves aimed at fuelling its next chapter of growth. Nirav Lalan has been elevated to the role of Chief Growth Officer (CGO), while Alpesh Jain comes on board as the new Chief Technology Officer (CTO).

Since joining the company in 2022, Nirav has played a crucial role in shaping the brand’s rapid rise, helping drive a 20x growth spurt in less than three years. His new title reflects the trust placed in his sharp instincts, market acumen, and ability to unlock growth opportunities across online and offline channels.

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“Nirav’s impact on our journey has been nothing short of transformative,” said Priyanka Salot, Co-Founder of The Sleep Company. “He brings clarity, creativity, and a strong sense of purpose to everything he does.”

Sharing his excitement about the new role, Nirav said, “It’s been a phenomenal experience so far. I’m excited to keep pushing boundaries and taking The Sleep Company to new milestones.”

Meanwhile, Alpesh Jain takes over as CTO with a clear mandate: sharpen the company’s tech capabilities, speed up digital innovation, and create smoother, more intuitive customer journeys. Alpesh brings more than 16 years of hands-on experience across sectors like ecommerce, mobility, and hospitality. Prior to this, he was VP of Technology at The Good Glamm Group, where he was instrumental in building platforms capable of handling millions of users.

“Technology should work quietly in the background, making life better without getting in the way,” said Alpesh. “That’s exactly the kind of impact I hope to make—by making better sleep more accessible through smarter tech.”

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Welcoming him to the team, Priyanka added, “Alpesh has a builder’s mindset and a deep understanding of how to scale tech that actually makes a difference. We’re thrilled to have him with us as we continue to redefine what comfort means in people’s lives.”

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Candere Brings Shah Rukh Khan On Board as Brand Face, Aiming to Win Over the Modern Jewellery Shopper

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Candere Brings Shah Rukh Khan On Board as Brand Face, Aiming to Win Over the Modern Jewellery Shopper

Candere, the online jewellery brand under the Kalyan Jewellers umbrella, has just signed on none other than Shah Rukh Khan as its brand ambassador — a move that’s as much about charm as it is about strategy.

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The superstar will front the brand’s campaigns across every major channel — from digital ads and TV spots to print and in-store experiences. And it’s more than just a celebrity endorsement. Candere sees SRK as a bridge between tradition and today — a face that connects across generations while staying sharply in tune with what younger consumers are drawn to.

“We’re seeing a clear shift in how people approach jewellery today,” said Ramesh Kalyanaraman, Director at Candere. “It’s no longer just about the metal or the stone — it’s about meaning. People want designs that speak to their story, match their vibe, and fit into everyday life. That’s the space Candere is built for. And Shah Rukh? He gets that. He represents timeless appeal, but he’s never out of step with the now.”

Originally launched in 2012 by Rupesh Jain and Ashish Bajaj, Candere started out as a digital-first jewellery brand, offering gold, diamond, platinum, and gemstone pieces to customers online. In 2017, Kalyan Jewellers took a controlling stake by acquiring shares from early investor Singularity Strategic as well as part of Jain’s own holding — bringing Candere into its growing jewellery empire.

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Now, with Shah Rukh Khan stepping into the spotlight, Candere appears ready to go after a wider — and younger — audience, while still staying true to its fine jewellery roots.

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