02 May 2023, Mumbai 

Vedant Fashions, the parent company of ethnic wear brand Manyavar, has announced a 22 percent increase in net profit to Rs 109 crore for the fourth The rise in profit is a result of a 15 percent increase in revenue, which rose to Rs 342 crore in Q4 FY22 from Rs 296 crore in the same period of the previous year. The company's net expenses for the quarter also saw an increase of 12 percent to Rs 210 crore.

For the full financial year 2022-23, Vedant Fashions reported a revenue of Rs 1,355 crore, with a net profit of Rs 429 crore. During the year, the company opened 54 exclusive brand outlets, including four new stores in the USA, UAE, Canada, and the UK.

Vedant Fashions is a manufacturer, trader, and seller of readymade ethnic wear for men, women, and children in India, primarily under the brand names Manyavar, Mohey, Mebaz, Twamev, and Manthan.

The rise in profit and revenue for the company demonstrates the continued demand for ethnic wear in India and the success of the brand's expansion strategy, both domestically and internationally. quarter ended March.

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29 April 2023, Mumbai 

Mandhana Industries has partnered with Bollywood actor Akshay Kumar to introduce a new athleisure clothing brand, Force IX.

The brand has launched its first exclusive store in Khar, Mumbai, and its select athleisure line is now available on Myntra, a popular e-commerce platform. While athleisure wear will be the brand's primary focus initially, other categories will be added later.

What all you need to know

The company aims to open nine exclusive stores by the end of 2023 and expand the brand's footprint to over 200 stores across India in the coming years. The merchandise will also be available in other stores such as Shoppers Stop.

Akshay Kumar decided to launch Force IX together with Manish Mandhana, joint MD of Mandhana Industries, and his team, which owns ten production units and has over 4700 employees across different cities in India and Paris. This collaboration gave him the confidence to take this new venture forward.

Mandhana Industries had previously launched the Being Human apparel line co-owned by Bollywood star Salman Khan.

For every Force IX product sold, ₹9 will be donated to 'Bharat Ke Veer,' a trust supported by Kumar that provides financial assistance to the families of martyrs of the Central Armed Police Forces (CAPF). This initiative showcases the brand's commitment to social responsibility and giving back to the community.

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24 April 2023, Mumbai 

Cantabil Retail India has recently opened its 11th retail store in Pune, Maharashtra. This store is spread over an area of 1018 sqft. and offers a complete range of formal-wear, casuals, and ultra-casual clothing for men and women at competitive prices. The brand aims to provide a future-forward retail experience to its customers through this new store.

With this store opening, Cantabil Retail has now established 449 stores across India, with plans to continue expanding its retail presence.

Cantabil Retail has always been known for offering premium clothing in cutting-edge style, curating a cozy yet classic and stylish apparel assortment every year.

The brand aims to aggressively expand its retail presence further over the next few years, with a strong presence across the length and breadth of the country.

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02 May 2023, Mumbai 

Azorte, Reliance Retail's premium fashion and lifestyle store chain, has expanded its reach by opening its sixth store in Pune, strategically located at the Pavillion Mall - one of the city's most popular shopping destinations. Spread over 25,000 sq. ft. of retail space, this new outlet is Azorte's first store in Pune, offering a wide range of apparel and accessories for women, men, and kids.

Launched in 2019, Azorte aims to provide a unique shopping experience to its customers by offering a carefully curated selection of high-end fashion and lifestyle products. In addition to apparel and accessories, the brand also offers beauty and personal care products, home decor items, and gifting options.

Azorte's expansion reflects the growing demand for premium fashion and lifestyle brands in India. With the launch of its sixth store in Pune, the brand is poised to capture a significant share of this market.

Currently, Azorte has stores in Mumbai, Delhi, Hyderabad, and Bangalore, and plans to expand further in the coming years by launching more stores in other major cities in India.

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26 April 2023, Mumbai 

Indians are no longer price-sensitive and are looking for quality products. The casualization trend among young Gen Z and millennials present a big market opportunity, particularly in women's fashion, according to the Indian office of iconic jeanswear brand Levi’s.

What all you need to know

Levi Strauss & Co, the American denim brand, is looking to expand its market in India by positioning itself as a one-stop apparel shop for young consumers.

The brand aims to become a holistic lifestyle apparel company by deepening its non-denim offerings, which is also part of its global strategy. Despite the move, Levi's will still focus on denim, as there is a largely untapped market for denim in India.

Asia, excluding China, led by India saw a 22% growth in net revenues for the company in Q1FY23.

Levi's historically had more male customers in India, the new positioning may help the brand to reach the next level.

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 21 April 2023, Mumbai

Monte Carlo Fashions is expanding into the home textile segment and has set a target of achieving peak revenue of Rs 250-300 crore from this segment. Monte Carlo Fashions plans to start home textile expansion in Q1 of FY25.

What all you need to know

Despite the challenges posed by the COVID-19 pandemic, Monte Carlo remains optimistic about the future of the home textile segment and expects reasonable growth, driven by the increasing demand for high-quality and affordable home textiles.

One factor that is working in the company's favor is the growth of online sales, which have been growing in line with offline sales. This is an encouraging sign for the company's prospects, as it has been investing heavily in its e-commerce capabilities over the past few years.

Monte Carlo Fashions has reported its best quarterly sales numbers for the March-ended quarter with a 36 percent growth compared to a year-ago quarter, and its annual sales for FY2023 grew 22 percent over FY2022 and 51 percent over FY2020, which was the pre-COVID period.

The company will be investing heavily in the home textile segment over the next few years to establish a strong presence in the market.

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01 May 2023, Mumbai 

Raymond, the textile major, is undergoing a significant transformation with the aim of preparing for the future.

What all you need to know

Raymond is planning to hire over 3,000 people in 2023, with a focus on strategic roles in management and technical talent in areas such as design, fashion, analytics, and AI, revealed K Narayan, President-HR, Raymond in Moneycontrol.

Raymond's new hiring strategy aims to bring in more women, with 50 percent of the new hires expected to be female. The company is also setting up a functional school to train employees in futuristic technologies and capabilities, especially around supply chain, design, and productivity in its manufacturing facilities.

While Raymond's gender diversity numbers were poor at the senior levels, Narayan emphasized the need to address this issue.

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 26 April 2023, Mumbai 

Monte Carlo aims to open 45-50 exclusive brand outlets in the financial year 2023-24.

Monte Carlo Fashions has been expanding rapidly in recent years, with the number of its EBOs increasing from 212 in FY19 to 356 in FY23. It surpassed its yearly guidance by opening 47 new outlets last year. The company operates on a Franchise-Owned-Franchise-Operated (FOFO) model, meaning no major capital expenditure is required.

Monte Carlo has also been focusing on building its online presence and experiencing a positive trend in online channels.

The company's strong growth in FY23 was driven by factors such as rising disposable income among the Indian middle class, an increasing number of fashion-conscious e-commerce millennials and Gen Z consumers, and the growth of trends and online fashion retail.

Monte Carlo plans to continue its expansion in the coming years, and its focus on driving technology for business will be key to its future success. The company's business grew by 22% over FY22 to approximately Rs 1,100 crore in FY23.

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20 April 2023, Mumbai 

Alia Bhatt's sustainable clothing brand Ed-a-Mamma plans to launch 60 shop-in-shops across India by the end of this financial year. While the brand initially focused on Tier-I cities, it is seeing more traction from Tier-II and III cities, where consumers are more conscious of pricing.

Ed-a-Mamma is also looking to establish its retail presence and is focused on the retail segment.

The brand's positioning is centred around sustainability and safety for mothers and children, and is now targeting mothers from the time of conception until their children are around 17 years old.

The brand has seen success in establishing a national presence thanks to its sustainability ethos.

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29 April 2023, Mumbai 

Kewal Kiran Clothing Limited (KKCL), the company that owns brands like Killer, Lawman, Easies and Desi Belle, has reported its consolidated financial results for the period ended March 31, 2023. The company has posted a total income of Rs. 206.98 crores, up from Rs. 205.60 crores in the previous quarter, with a QoQ growth of 0.67%. The net profit for the same period stood at Rs. 31.49 crores, up from Rs. 26.90 crores in the previous quarter, with a QoQ growth of 17.06%.

On a YoY comparison, Kewal Kiran Clothing Limited's total income for Q4 FY2023 increased by 19.56%, from Rs. 173.12 crores to Rs. 206.98 crores. The company's net profit also rose to Rs. 31.49 crores from Rs. 24.74 crores, indicating a YoY growth of 27.28%.

For the financial year ended March 31, 2023, Kewal Kiran Clothing Limited's total income was reported as Rs. 799.67 crores, up from Rs. 624.63 crores in the previous year, with a YoY growth of 28.02%. The net profit for the financial year stood at Rs. 119.03 crores, up from Rs. 81.62 crores in the previous year, indicating a YoY growth of 45.83%.

The company's financial results have shown growth in QoQ and YoY comparisons, indicating a positive trend for the future.

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25 April 2023, Mumbai 

Indian kidswear manufacturer Bodycare International has announced a collaboration with Bollywood and Tollywood actress Kajal Aggarwal as the brand ambassador for its kidswear range.

The partnership is expected to strengthen the brand’s positioning in the market and elevate its image to new heights.

What all you need to know

“With a focus on providing comfort and rash-free clothing, Bodycare Kids offers a stylish and vibrant range of apparel and innerwear for kids. The company aims to achieve a target of 5000 crores by 2030, and the association with Kajal Aggarwal is expected to help it reach out to a wider audience”, says Mithun Gupta, Director, Bodycare International Ltd

Bodycare International has a network comprising over 450+ distributors, 18000+ retailers, and a vast presence on all major online portals, making its range of products easily accessible to customers all over the country. The company has over 20 exclusive brand outlets and an attractive franchise model that offers entrepreneurs a unique opportunity to be a part of the brand's success story, placing it in an advantageous position to cater to the increasing demand for high-quality kidswear in India.

The Indian kidswear market holds tremendous potential for growth, with India being one of the largest contributors to the global apparel-retail sector. Customer-centric brands like Bodycare International contribute immensely to the sector by keeping customer satisfaction as a top priority and creating the best kids’ apparel and innerwear.

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 20 April 2023, Mumbai 

Duke, the lifestyle brand, has announced the launch of its latest Spring Summer Collection for 2023. Inspired by Urban Street Casual Smart Fashion, Duke's latest collection offers an extensive range of clothing and accessories for men, women, and children of all ages.

The collection includes T-shirts, shirts, trousers, bermuda, capri, lowers, denim, tops, leggings, active-wear, sportswear, accessories, and footwear, all made with a variety of cotton, natural, and textured materials that provide a cooling effect to the body.

According to Duke, the latest collection is perfect for those who want to go minimalistic in their fashion statement. This value-for-money range redefines one's fashion statement, allowing customers to escape the delightful attitude as they dress in Duke.

Brand's main focus has always been to fulfill customers' requirements and provide them with what they need for their wardrobe. With their latest collection, Duke is changing fashion trends periodically, and their customers can make themselves look fashionable while staying comfortable.

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