16 May, Mumbai 2025

A company under the RP Sanjiv Goenka Group, Spencer’s Retail reduced its consolidated net loss to Rs 684 million in Q4, FY25 ending March 2025.

This marks an improvement from the Rs 807 million loss incurred during the January-March period of the previous year, according to a regulatory filing.

However, the company’s revenue from operations decreased to Rs 4.12 billion in the March quarter, from Rs 5.47 billion a year prior. Total expenses also declined by 22.2 per cent, to Rs 4.92 billion for the quarter. Total income, including other income, contracted by 23.22 per cent to Rs 4.23 billion.

For the full fiscal year 2025, Spencer’s Retail narrowed its net loss to Rs 2.46 billion, compared to a loss of Rs 2.66 billion in the previous fiscal year. Total income declined to Rs 20.99 billion from Rs 23.71 billion.

According to the company, the decrease in the company’s revenue was due to the closure of 47 Spencer’s stores in the second quarter.

Shashwat Goenka, Chairman, avers, Spencer’s delivered strong operational performance for FY25 as a result of the strategic decisions and actions taken in the first half to focus on key geographic areas and optimize costs in line with the resulting scale.

He adds, the results of these actions were evident in the second half, with all key operational metrics improving and leading to a significant (4X) improvement in EBITDA for fiscal year 2025.

Goenka believes, this positions the company well to drive growth across both Natures Basket and Spencer’s, in both their physical stores and online platforms.

Spencer’s launched its quick delivery service, JIFFY, in Kolkata in January and has seen positive results with strong growth in both orders and user numbers.

The company is expanding this to a few other cities in Uttar Pradesh and West Bengal in the current fiscal year, he states.

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16 May, Mumbai 2025

South Africa-based sneaker care brand, Sneaker Lab has partnered with former cricketer AB de Villiers to launch their maiden campaign in India.

Relying on the cricketer’s massive fan following to boost sales, the campaign showcases the brand’s products to Indian customers.

AB de Villiers says, the brand combines science, sustainability, and style in a way that truly stands out. The brand is not just innovative but also committed to doing good in the country, he adds. Jo Farah, Founder, Sneaker Lab adds, a meaningful step for the brand, the relevance of this campaign is further boosted by AB de Villiers as the brand ambassador. His story, his values, and his connection with Indian fans add depth to the brand’s message,

To complement the campaign and further boost sales, Sneaker Lab has launched a special three-month-long campaign running from May 16 until October to give five customers an opportunity to meet the cricketer.

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15 May, Mumbai 2025

A leading men's clothing brand, Arrow has launched its latest Spring-Summer 2025 collection. This new collection redefines men's fashion by seamlessly blending innovative fabrics with modern designs. Offering a dynamic range of styles designed to meet the evolving needs of today’s man, the collection embodies Arrow's commitment to versatility, refinement, and effortless style. It includes:

Elegant All-Day Shirt: Made with an advanced 5-IN-1 Finish, this shirt offers stain resistance, UV protection, easy care, odor control, and lasting freshness. Its durability ensures it keeps you looking sharp and confident from morning meetings to evening outings.

The Italian Elegance Collection: This range perfectly blends American heritage and European craftsmanship. Designed in Italy, these pieces are crafted with 2 Ply Premium Yarn, ensuring a luxurious feel and enhanced durability. Mother of Pearl buttons add a refined touch, while the meticulous stitches per inch (SPI) detail enhances precision and sophistication. Each garment in this collection exudes effortless European charm, making it a must-have.

Arrow’s Fluidic Shirts: These introduce a revolution in fabric innovation with new-age blends that offer a smooth, wrinkle-free finish. Designed for superior drape and softness, these shirts provide liquid-like comfort, making them an essential addition to the modern wardrobe.

The 1851 Collection: As one of Arrow’s premium lines, this collection elevates modern dressing with distinguished styles and impeccable finishes, bringing a statement-making edge to any outfit.

The Linen Edit: For those seeking a breathable and natural fabric experience, this selection showcases versatile pieces crafted from lightweight linen, perfect for warmer days.

The Autopress Chinos Line: These are engineered to deliver exceptional style and comfort. Featuring an Autoflex Waistband and wrinkle-free properties, these chinos provide a perfect blend of stretch and structure, ensuring an impeccable fit all day long.

Velocity Lite Pants: These redefine comfort with lightweight fabrics and innovative nylon-stretch blends that enhance breathability and movement, making them ideal for men on the go.

Color Last Collection: This ensures garments maintain their vibrancy over time. Whether it’s bright hues or deep shades, these fabrics resist fading, allowing customers’ wardrobe to look as fresh as new, even after multiple washes.

Featuring breathable fabrics, relaxed fits, and effortless sophistication, the new Spring-Summer 2025 collection ensures that every piece offers ease of movement to consumers. With this new collection, Arrow invites men to embrace the season in style and confidence, adds Anand Aiyer, CEO, Arrow.

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16 May, Mumbai 2025

Owner of ethnic wear brand Manyavar, Vedant Fashions recorded a 13 per cent decline in net profit to Rs 101 crore in Q4, FY25. The company had recorded a net profit of Rs 116 crore in the corresponding quarter a year ago.

However, the company’s revenue increased by 1 per cent rise to Rs 367 crore during the quarter as against Rs 363 crore in the corresponding quarter of the previous fiscal year.

For the full FY25, Vedant Fashions report a 6 per cent decline in net profit to Rs 388 crore even as the company’s revenue grew marginally by 1 per cent to Rs 1,386.48 crore during the year.

Subdued consumer sentiments impacted the company’s performance in FY25 while its Q1, FY25 were affected by extremely low or negligible wedding dates nationally. However, the company’s retail sales grew by 9.3 per cent in the nine months period from July to March FY25, with like-to-like sales also increasing by 2.9 per cent. The company maintained strong financial margins and profitability metrics during the year despite challenges, reflecting resilient business fundamentals. It is primarily engaged in the manufacture and retailing of readymade ethnic wear for men, women and kids under the Manyavar, Mohey, Mebaz, Twamev and Manthan brands.

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 15 May, Mumbai 2025

In Q4, FY25, leading player in the Indian apparel sector, Page Industries’ is likely to register a 7.1 per cent Y-o-Y growth in revenue, as per investors’ and analysts’ predictions.

Analysts’ project, Page Industries’ revenue for Q4 FY25 is likely to rise to approximately Rs 1,313 crore. This growth is attributed to increased contributions from the apparel segment and improved operational efficiency.

Page Industries’ net profit is projected to rise by 34.3 per cent to Rs 204.7 crore for Q4 FY25. This improvement in profitability is influenced by higher sales and better cost management.

In Q4, FY25, Page Industries achieved robust revenue, contributing significantly to the company’s overall performance.

Page Industries has been implementing strategies to improve operational efficiency, leading to enhanced profit margins. The company’s emphasis on cost optimization and effective resource management has contributed to its stable financial performance.

Looking forward, Page Industries’ continued emphasis on expanding apparel portfolio and enhancing operational efficiency positions it favorably in the evolving consumer market. The company’s investments in product innovation and distribution network expansion are expected to drive sustainable growth. However, managing operational challenges and maintaining profitability will be crucial for long-term success.

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 14 May, Mumbai 2025

Expanding its operations in India, global apparel retailer Uniqlo is set to open its fourth store in Mumbai at the Inorbit Mall in Malad.

Spanning across 8,969 sq ft, the new store will feature Uniqlo’s full LifeWear collection, including clothing for men, women, children, and infants. The brand focuses on simplicity, quality, and durability in its everyday apparel.

Rajneesh Mahajan, CEO, Inorbit Malls, says, over the past 21 years, the mall has consistently evolved to meet the changing needs of its community. With the introduction of exciting new brands like Uniqlo and significant upgrades throughout the mall, it reaffirms commitment to staying relevant and creating meaningful, memorable experiences for everyone who visits.”

To celebrate the launch, Uniqlo has lined up several limited-time offers. The first 100 customers on opening day will receive a Round Mini Shoulder Bag. Leading up to the launch, between April 17 and May 14, visitors could participate in a Wish Tree Activation for a chance to win LifeWear products. From May 1 to 14, customers who spend Rs 6,000 or more will receive a Rs 1,000 voucher, redeemable during the launch weekend. Additionally, those who spend over Rs 6,000 during the opening weekend will receive a limited-edition tote bag designed by artist Aashti Miller.

Currently operating as a leading retail destination in Mumbai, Inorbit Mall Malad continues to broaden its brand offerings through collaborations with global retailers. The opening of Uniqlo further supports the mall's strategy of enriching its selection of international fashion brands.

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16 May, Mumbai 2025

Value retail chain 1-India Family Mart aims to achieve revenues worth Rs 6 billion besides expanding to 100 stores by 2029.

In its recently held Series D funding round, the company secured investments worth $12 million from both current and new supporters. Investors who attended this funding round included Gulf Islamic Investments, Singapore-based Foundation Private Equity, Carpediem Capital Partners, Capri Global Holdings, a group of high-net-worth individuals, and the company's promoter, JP Shukla.

1-India Family Mart had previously raised Rs 500 million ($6 million) in Series B funding from Dubai-based Gulf Islamic Investments (GII). Mumbai-based ethnic apparel manufacturer Suumaya Industries also acquired a minority stake in its parent company, Nysaa Retail. These new funds raised by 1-India Family Mart will be used to support its next phase of growth, including expanding its retail presence across India’s rapidly developing value retail sector.

Co-founded in 2012 by Jay Prakash Shukla and Ravinder Singh, 1-India Family Mart serves under-served markets through mid-sized stores in tier III and IV towns and villages throughout India. The brand focuses on tier II, III, and IV cities, enabling it to connect with India’s aspirational consumer base by offering affordable fashion, lifestyle products, and general merchandise through an organized retail format.

Currently, 1-India Family Mart operates 65 stores across 10 states and is continuing to expand its presence, particularly in North and East India. Its operations are supported by a centralized warehouse in Gurugram and a zero-reverse logistics policy, which ensures that all shipped inventory is sold, minimizing waste and maximizing operational efficiency.

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15 May, Mumbai 2025

Apparel Group India’s leading clothing and lifestyle brand, R&B has expanded its India presence with the launch of the brand’s 27th store in Bengaluru.

Designed in a modern layout with cutting edge fixtures and interactive digital screens, the store is spread across three levels and features a sleek glass façade.

The store offers a wide collection of fashion and lifestyle products for women, men, and kids, along with beauty products, accessories, etc. This collection primarily focuses on western and casual wear, with a dedicated section for fusion style offerings that cater to modern Indian consumers.

Alongwith with this, R&B also launched a new printed nightwear collection for women. Featuring loose silhouettes and floral patterns, the collection is designed to provide comfort and breathability for the warmer months. Its launch highlights the brand’s efforts to not just meet customers’ evolving needs but also offer with seasonally relevant collections.

The opening of this new store in Sarjapur continues R&B’s aggressive growth trajectory in the Indian market. The brand delivers a seamless shopping experience by combining latest garment styles with tech-enabled in-store experiences.

Serving as a key retail touchpoint, the new store strengthens R&B’s retail presence across major metros in India. The brand’s strategic expansion helps it position itself as a leading play in India’s fast-growing affordable fashion segment.

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  14 May, Mumbai 2025

Siyaram Silk Mills’ Q4, FY25 net profit increased by 4 per cent to Rs 72 crore ($8.5 million) as against Rs 69 crore in the corresponding quarter a year ago.

The company’s revenue also rose by 14 per cent to Rs 736 crore during the quarter as against Rs 648 crore in the corresponding quarter of the previous fiscal year.

For full FY25, Siyaram Silk Mills reported a net profit of Rs 197 crore while the company’s revenue increased to Rs 2,222 crore.

Gaurav Poddar, Executive Director, Siyaram Silk Mills says, consumer confidence in India is steadily improving with positive signs been seen in both urban and rural areas. Demand across the country is expected to pick up, driven by factors such as increasing disposable income, easing inflation, and optimistic economic outlook. Private consumption is expected to continue rising with the sector capitalizing on the evolving needs and preferences of the consumers.

A favorable market outlook and strong inventory management will help the company drive growth in the next financial year, he adds.

Siyaram Silk Mills opened 12 Zecode and 7 Devo stores in FY25. The company plans to open 35 stores across both brands in FY26.

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15 May, Mumbai 2025

Indian fashion and lifestyle brand, Bella Casa Fashion & Retail registered a 41 per cent rise in net profit to Rs 40 million in Q4, FY25 ending March 31, 2025. This is against Rs 30 million net profit registered by the brand in the corresponding quarter of the previous year.

The company's revenue for the quarter increased by 43 per cent to Rs 870 million from Rs 610 million during the corresponding quarter of the previous fiscal year.

For the full FY25, Bella Casa's net profit rose by 55 per cent to Rs 160 million compared to Rs 100 million in FY24, while sales increased 51 per cent to Rs 3.49 billion Indian rupees, up from Rs 2.30 billion

Saurav Gupta, Director, Bella Casa, states, the brand’s strong performance highlights its commitment to executing the fundamentals flawlessly: innovative and rapid design, lean manufacturing, timely delivery, and strong governance. Despite the sluggish business environment observed in a few months during the year, Bella Casa continues to grow at a fast pace, demonstrating its resilience and the effectiveness of its strategy.

He adds, this disciplined approach positions the brand in a position to sustain its growth momentum and consistently enhance shareholder value in the years ahead.

One of India's largest manufacturers of home furnishings and designer ethnic wear, Bella Casa Fashion & Retail supplies its products to over 50 domestic brands.

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14 May, Mumbai 2025

Achieving a significant milestone in the brand’s ongoing expansion across emerging Indian market, technology-driven retail company Ace Turtle has opened two new Wrangler stores. Located at Bareilly in Uttar Pradesh, and Purnea in Bihar, these stores highlight Wrangle’s focus on Tier II and Tier III cities in India.

Tech-enabled and omnichannel-ready, both these stores are designed to offer a seamless shopping experience. They will not only serve walk-in customers but also function as local fulfillment centers for online orders, improving last-mile efficiency and customer convenience, avers Nitin Chhabra, CEO, Ace Turtle.

This expansion demonstrates the brand’s commitment to expand Wrangler beyond major metropolitan areas and provide a world-class shopping experience powered by technology, style, and innovation.

The strategic placement of these stores in burgeoning urban centers underscores ace turtle's confidence in the increasing consumer demand in these regions. By integrating technology and an omnichannel approach, Wrangler aims to provide a modern and convenient shopping experience that caters to the evolving needs of customers in these markets.

The dual functionality of the stores as both retail spaces and local fulfillment hubs is expected to streamline the delivery process and enhance customer satisfaction. This move signals a significant step in Wrangler's broader strategy to penetrate deeper into the Indian retail landscape.

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