21 May 2022, Mumbai:

Gokaldas Exports is optimistic about the order book for FY23. The company continues to see growth opportunities, despite the expected uncertainty from a combination of headwinds and tailwinds.

For the January-March quarter (Q4FY22), Gokaldas Exports had reported the best quarterly performance driven by a growing order book and ability to weather supply chain disruptions.

ALSO READ Gokaldas Exports reports rise in net profit

The company’s consolidated profit after tax (PAT) more-than-doubled to Rs 61 crore in Q4FY22 as against Rs 16 crore in the corresponding quarter last year.

Its consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved 170 bps QoQ and 365 bps YoY to 13.1 percent on account of positive operating leverage.

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Revenue grew 58 per cent year-on-year (YoY) to Rs 588 crore, which was the highest quarterly revenue, as against Rs 373 crore in Q4FY21. Export revenue increased by 58.3 percent YoY. Deep engagement with key customers and augmentation of capacity enabled strong revenue growth, the company said.

The primary drivers of growth were robust capacity expansion and a rapid ramp-up of production. Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit. The year's performance reflects a growing order book and the company's ability to weather production and supply chain disruptions, it added.

For the entire financial year 2021-22 (FY22), consolidated profit after tax (PAT) jumped 342 percent YoY at Rs 117 crore, while operational revenue grew 47.9 percent YoY at Rs 1,790 crore. Ebitda's margin expanded 270 bps to 12 percent from 9.3 percent in FY21.

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21 May 2022, Mumbai:

Womenswear and accessories brand MoonRaylaunched its latest collection in Mumbai in collaboration with The Style Story.

MoonRay set up shop at the Peace Haven in Bandra to launch its spring/ summer 2022 collection of printed dresses, bold separates, and crochet creations.

ALSO READ MoonRay launches new footwear range

The Style Story pop-up concept was designed to give Mumbai’s shoppers the opportunity to discover new brands and it showcases numerous up-and-coming labels in Mumbai.

MoonRay’s new collection was designed mindfully to create a free-spirited and conscious fashion line that speaks the language of art, innovation, and compassion.

The brand has sought sustainable materials from its launch and uses upcycled fabric scraps and waste-minimizing manufacturing techniques.

RELEVANT NEWS MoonRay to organize pop-up shop in New Delhi

Half of the womenswear brand Jade by Monica and Karishma, KarishmaSwali, launched MoonRay with her daughter Avantika in December last year.

The brand targets a millennial and Gen Z audience and is positioned in the bridge-to-luxury segment of the market.

The brand also donates 50 percent of its proceeds to support children’s education and animal welfare through NGOs, according to its website.

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19 May 2022, Mumbai:

AM, the new ready-to-wear range by Mumbai-based bridal and traditional wear designer Arpita Mehta is designed to translate her signature opulent aesthetic into versatile pieces for daily wear.

*As per a Fashion Network report, the range addsMehta’s signature mirror work and traditional craft techniques to fusion style garments for a modern and wearable statement.

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The seasonless range is designed with layerable pieces for year-round use. Its bohemian-style ensembles are designed to work for everything from a beach wedding to a city break in Europe.

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Some of the notable items from the new line include a range of ‘Mehendi kaftans’ which come in bright reds and yellows and feature fringe and mirror detailing as well as metallic bralets with 3D details. Capes, loose trousers, and sets also feature in AM’s maiden collection which is titled ‘René.

The line launched with a campaign shot by The House of Pixels and styled with MohitRai featuring jewellery by TyaaniJewellery. The new line retails on Arpita Mehta’s dedicated e-commerce store.

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CREDITS: A Fashion Network report.

23 May 2022, Mumbai:

Revenge shopping will help homegrown footwear and apparel brand Woodland to grow over 20 percent and claw back to the pre-pandemic levels with a top line of over Rs 1,200 crore this fiscal, says Harikirat Singh, Promoter and Managing Director.

ALSO READ Woodland, a global footwear and clothing company, aims to reach Rs. 2,500 crore in sales by 2025

The New Delhi-based company -- which entered the country 25 years ago, is the market leader in the category, selling over 5 million pairs annually.

Owned by Aero Club, the privately-held Woodland closed FY22 with Rs 1,000 crore in revenues. The company sells its footwear mostly in premium athleisure range for outdoors, accessories -- including apparel and deos and men's personal wears through Woodland, and super-premium Wood labels through 500 company-owned-and-company operated exclusive stores and over 5,000 multibrand retailers.

RELEVANT NEWS Woodland to add new stores this fiscal

Almost 50 percent of the sales come from these exclusive stores, 20-25 percent from exports primarily to the UAE and other MENA markets, South Africa, Russia, and Canada' and the rest from other retailers, Singh said.

Before the pandemic, the company had 600 exclusive stores. It plans to add 20-25 stores this year.

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19 May 2022, Mumbai:

Designer Masaba Gupta’s fashion and lifestyle brand House of Masaba organized a pop-up event in Nairobi, Kenya on May 14, 2022, in collaboration with Promoters Fashlore and Ranee Production.

The pop-up was organized to showcase House of Masaba’s spring/summer 2022 collection.

ALSO READ Aditya Birla Fashion and Retail (ABFRL) set to pick up majority stake in House of Masaba

The event featured a wide array of the brand’s fusion and occasion wear including lehengas, matching sets, and more casual pieces.

Before the pandemic, the brand House of Masaba held several pop-ups in the US, Thailand, and Indonesia among other locations.

In March this year, the brand held a pop-up shop in Dubai to mark its return to international shopping events.

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House of Masaba also launched its ‘Sanctuary ‘22’ collection of ‘luxe resort wear’.

The collection features brightly colored and printed cape sets in reds and mustard yellows with delicate and floral details.

Inspired by the descriptions of summer in the novel ‘The Great Gatsby’, the collection features glamorous and versatile looks.

This summer, House of Masaba launched a dedicated beauty and wellness range. Gupta also plans to launch the second season of her semi-autobiographical series on Netflix India.

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