11 February 2023, Mumbai

Cantabil plans to open 80 to 90 stores every year. The apparel manufacturer and retailer opened 19 new exclusive retail stores during the third quarter in different states including J&K, Maharashtra, Punjab, Uttar Pradesh, Nagaland, Gujarat, Himachal Pradesh, Madhya Pradesh, Rajasthan, and Haryana.

With multiple store openings, Cantabil Retail has reached a 439 store mark and plans to continue expanding across India this year. Cantabil is focusing heavily on providing the best-in-class shopping experience both in-store and online. The all-new Cantabil stores represent the future of retail experience for its customers, as they offer a full range of formalwear, partywear, wedding collections, casuals, and ultracasual clothing for men, women, and children in the middle to upper-income brackets under one roof.

Revenues from same stores played an instrumental role in delivering the desired growth in financial performance. Apart from this, the addition of new stores has also significantly contributed towards superior performance and provides an expanding platform to support the company’s strategic growth objectives. For the third quarter the company’s revenue was Rs163 crores with a net profit of Rs 27 crores. For the nine-month period, revenues were Rs 380 crores with ebitda and pat of Rs 123 crores and Rs 50 crores respectively.

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Salman Khan’s clothing brand Being Human is now available on Bangladesh’s online marketplace Daraz. Being Human also has an outlet in Bangladesh which was opened in September 2022.

The brand offers men’s chinos, men’s jackets, men’s T-shirts, men’s jeans, men’s shorts, men’s sweatshirts, women’s T-shirts, women’s jeans and women’s leggings.

Founded to further the objective of Being Human – The Salman Khan Foundation, a charitable trust devoted to education and healthcare initiatives for the underserved Indian population, Being Human clothing stands for loving, caring and sharing. Royalties from the clothing line help support education and healthcare initiatives of the foundation.

The brand has also always been about inclusivity and integrity. In 2012, a full-fledged clothing line for Being Human was launched. What brings out the DNA in the clothing range is the detailed visual evoking the charitable aspect of the brand. The results are collection that are stylish yet reach out to the people to help spread these values. Every garment helps shape a life through education or helps save a life through healthcare initiatives.

Being Human clothing majorly targets youth across all markets and demographics who would like to look good and do good at the same time.

07 February 2023, Mumbai

Go Fashion India, a top fashion brand for women’s wear, has reported strong earnings for the Q4 of December, with a 24% increase in revenue and a consistent gross margin of 60%. During the quarter, the company opened 35 new exclusive brand outlets, bringing its total to 604.

CEO Gautam Saraogi stated in a CNBC-TV18 interview that the company is focused on providing affordable products to its customers and plans to ave its product range at price within Rs 1000.

Go Fashion offers a wide range of affordable fashion products to its customers. With a strong presence in the Indian retail market, the company operates a large number of exclusive brand outlets across the country. The company is dedicated to providing its customers with high-quality fashion products and an exceptional shopping experience.

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10 February 2023, Mumbai

Levi Strauss is scaling up investment in its stores and innovation in India.

The denim maker sees India as a top priority for sales growth amid fears of recession in many developed countries. Levi’s came to India nearly three decades ago and now has more than 400 stores across 150 cities.

Levi’s started its operations in India by forming a wholly owned subsidiary known as Levi’s Strauss India in 1994 and has grown invariably since then. The brand aims to strengthen its physical footprint in the country with better stores and consumer experience.

For instance Levi’s has relaunched its Chandigarh store. The new store, spread across 4045 sqft, in the brand’s cutting edge NextGen store format that is designed to give consumers an authentic and consistent expression of the Levi’s brand. It is digitally enhanced and with a lighter, modern and more open design elevating the experience for consumers to explore the store and collections.

By upsizing one of India’s best-performing Levi’s stores, the brand endeavours to bring consumers a seamless shopping experience conducive to finding the perfect pair of Levi’s jeans.

As the world’s second most-populated country, India is an attractive market for apparel brands, especially with youngsters increasingly embracing western-style clothing.

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31 January 2023, Mumbai

Vedant Fashions’ total income was Rs 451.408 crores during the period ended December 31, 2022, as compared to Rs 256.637 crores during the period ended September 30, 2022. Net profit / loss was Rs 150.351 crores for the period ended December 31, 2022, as against net profit / loss of Rs 69.02 crores for the period ended September 30, 2022. EPS was Rs 6.19 for the period ended December 31, 2022, as compared to Rs 2.84 for the period ended September 30, 2022.

Total income was Rs 451.408 crores during the period ended December 31, 2022, as compared to Rs 396.122 crores during the period ended December 31, 2021. Net profit / loss was Rs150.351 crores for the period ended December 31, 2022, as against net profit / loss of Rs127.803 crores for the period ended December 31, 2021.EPS was Rs6.19 for the period ended December 31, 2022, as compared to Rs5.23 for the period ended December 31, 2021.Total income wasRs1040.110 crores during the nine month period ended December 31, 2022, as compared to Rs783.412 crores during the ninemonth period ended December 31, 2021. Net profit / loss was Rs320.242 crores for the ninemonth period ended December 31, 2022, as against net profit / loss of Rs226.210 crores for the ninemonth period ended December 31, 2021.EPS was Rs13.19 for the nine month period ended December 31, 2022, as compared to Rs9.25 for the nine month period ended December 31, 2021.

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09 February 2023, Mumbai

For the third quarter Aditya Birla Fashion and Retail’s profit fell by 92 per cent.

Soaring marketing expenses hit the apparel retailer. The period saw an increase in marketing investments post a hiatus of more than two years since Covid as the company reinvigorated its focus towards brand building and strengthening consumer connect.

Total expenses rose more than 31 per cent outpacing a nearly 20 per cent rise in revenue from operations. The Birla group company has been investing heavily to build its store presence by partnering with several local and international brands such as high-end wedding wear label Sabyasachi, French luxury retailer Galeries Lafayette and emerging local names Bewakoof and BerryLush.

Meanwhile, sales at its Madura Fashion and Lifestyle unit more than doubled. Revenue from the Pantaloons business, which the group bought from Future Group, rose about 8.7 per cent. Pantaloons was hit by sluggish growth in smaller towns, transient inflationary pressures in the value segment and a slip in sales after the Hindu festival of Diwali mid-November.

Aditya Birla Fashion and Retail which has an elegant bouquet of leading fashion brands and retail formats houses brands such as Allen Solly, Pantaloons and Van Heusen. Aditya Birla remains optimistic about the overall consumption of fashion products for the rest of the year.

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 02 February 2023, Mumbai

TRYB innerwear is made of smooth and lightweight fabrics making every move and stretch absolutely comfortable.

Made with nylon spandex and poly spandex, the innerwear garment for men is super breathable and dries five times faster than does cotton. The Drytek and 36TX weave have wicking properties which ensure every stretch is unhindered. TRYB innerwear is distinguished by the use of superior and appropriate fabrics (nylon spandex and Kooltex polyester spandex), contemporary designs (soft waistband), distinctive cuts, texture, and vibrant colours.

TRYB targets men 18 to 45 years and has Activ, Pro and New York range. Activ is designed for everyday athletes. The Pro collection is for men who are more inclined toward sports/fitness. New York has compression boxers and boxer briefs, designed to promote the maximum durability and comfort.

TRYB, based in Chennai, an athletic innerwear brand for men, was engineered for individuals and sportsmen who pursue a dynamic and active lifestyle. Born from a love for sports and a dream to create distinctive products in the garment industry, TRYB positions itself as a lifestyle brand that is community-oriented, edgy and contemporary. TRYB is for the man of today who practices sports, pursues fitness and leads a physically active lifestyle. TRYB is an aspirational and community- oriented brand that combines both fashion and function.

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31 January 2023, Mumbai

Siyaram Silk Mills’ total income was Rs 515.34 crores during the period ended December 31, 2022, as compared to Rs 645.08 crores during the period ended September 30, 2022. Net profit / loss was Rs 51.87 crores for the period ended December 31, 2022, as against net profit / loss of Rs 80.13 crores for the period ended September 30, 2022.EPS was Rs 11.07 for the period ended December 31, 2022, as compared to Rs 17.10 for the period ended September 30, 2022.

Total income was Rs 515.34 crores during the period ended December 31, 2022, as compared to Rs 571.84 crores during the period ended December 31, 2021. Net profit / loss was Rs 51.87 crores for the period ended December 31, 2022, as against net profit / loss of Rs 68.55 crores for the period ended December 31, 2021. EPS was Rs 11.07 for the period ended December 31, 2022, as compared to Rs 14.64 for the period ended December 31, 2021.Total income was Rs 1567 crores during the nine month period ended December 31, 2022, as compared to Rs 1299.44 crores during the nine month period ended December 31, 2021. Net profit / loss was Rs 162.85 crores for the nine month period ended December 31, 2022, as against net profit / loss of Rs 134.06 crores for the nine month period ended December 31, 2021. EPS was Rs 34.75 for the nine month period ended December 31, 2022, as compared to Rs 28.60 for the nine month period ended December 31, 2021.

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