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Brands-To-Retail 31-05-2022

Myntra: 'EORS' to kickoff from June 11

31 May 2022, Mumbai:

Myntra announces its 16th edition of its flagship 'End Of Reason Sale (EORS)' & it is to be held between June 11 and 16.

It is always a mega bonanza for shoppers of fashion and beauty, serving to millions of shoppers from across Tier-I and II cities and towns,

Expecting over 5,000 domestic and international brands to offer more than 14 lakh styles.

RELEVANT NEWS Myntra launches 48-hour delivery with ‘M-Express’

All the stakeholders offer unprecedented deals across a wide set of categories including home on the Myntra platform.

ALSO READ Bostreet launches first collection on Myntra

The platform intends to unleash its full potential to engage with its loyal discerning fashion-forward shopper base.

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CREDITS: Investing.com

Brands-To-Retail 31-05-2022

Dollar Industries: Q4FY22 Results Reported

30 May 2022, Mumbai:

Dollar Industries Limited, one of the leading hosiery brands in India, has announced that its total revenue for the fourth quarter. Its revenue for FY22 increased to ₹1,356.85 crore and EBITDA for Q4 FY22 was ₹59.16 crore.

ALSO READ Rajasthan Royals to sport Dollar logo on officer jerseys

As a part of the company’s Green Mission initiative, the existing 4MW Solar Power Plant will be increased by 2MW unit taking it up at 6MW.

RELEVANT NEWS Pepe breaks joint venture (JV) with 'Dollar Industries'

The company would open 125 Exclusive Brand Outlets, mostly in Tier 2 and Tier 3 cities, by 2025.

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Credits: Fibre2Fashion

Brands-To-Retail 30-05-2022

Page Industries Q4 FY2021-22 results posted

27 May 2022, Mumbai:

The fourth quarter net profit of apparel manufacturer Page Industries grew by 64.86 per cent to Rs 190.52 crore. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.

Revenue from operations of the company grew by 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

RELEVANT NEWS VS Ganesh promoted Page Industries’ new MD

PIL's total expenses increased by 18.58 per cent to Rs 870.04 crore,in Q4/FY 2021-22, as against Rs 733.69 crore in the corresponding period of 2020-21. For the fiscal year ended March 2022, PIL's net profit soared by 57.53 per cent to Rs 536.53 crore.

It had reported a net profit of Rs 340.58 crore in the previous fiscal.

Its revenue from operations was at Rs 3,886.46 crore in 2021-22. This is 37.18 per cent higher than Rs 2,832.96 crore in the year-ago period.

ALSO READ Page Industries unveils Restricted Substances List for supply chain

Page Industries is the exclusive licensee of Jockey International Inc (USA) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE. It is also the exclusive licensee of Speedo International for the Indian market.

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Brands-To-Retail 28-05-2022

Page Industries Q4 FY2021-22 results posted

D2C brand Almo raises funds

26 May 2022, Mumbai:

Direct to consumer (D2C) brand selling men’s innerwear, Almo has raised $2 million towards the pre-Series A funding round led by Infection Point Ventures.

The company will use the funds to bolster its branding and marketing efforts along with setting up its R&D lab.

ALSO READ Shoppers Stop plans new D2C acquisitions

Investors such as LetsVenture, AngelList India, and other angels also participated in the round.

Founded in June 2020 by Abhishek Shah, Muskaan Jain, and ChhaviBhardwaj, Almo sells an essential wear range spanning underwear, topwear, loungewear, and winter wear.

RELEVANT NEWS Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands

The brand aims to cross Rs 100 crore in revenue by the end of the current calendar year.

Almo plans to diversify into international markets this year through Amazon's Global Selling Propel Accelerator program.

The company will continue strengthening its team and brand to scale across various online marketplaces, says Abhishek Shah, co-founder, and CEO.

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Brands-To-Retail 26-05-2022

V-Mart Retail: Q4FY22 results posted

30 May 2022, Mumbai:

V-MART Retail reported a strong operational performance with EBIDTA of Rs 54 crore and revenue of Rs 459 crore in the fourth quarter.

ALSO READ V-Mart Retail is a Great Place to Work

Fresher inventory, higher gross margin contribution from south India stores, lower discounts, and control over expenses led to better operational performance.

RELEVANT NEWS V-Mart to expand retail space

The company added 14 stores in the current quarter, taking the total to 380.

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Credits: TimesNow

Brands-To-Retail 30-05-2022

Taamara – An Ethnic- Indo-Western fashion wear brand

28 May 2022, Mumbai:

Taamara – an Ethnic- Indo-Western fashion wear brand, to unveil its collection.

Trendy and affordable ethnic wear for the everyday go-getter, with a special focus on styling everyday attire.

ALSO READ 'Global Ethnicwear Market' register 6% annual growth

Taamara, an Ethnic / Indo western fashion wear brand for today’s women, is unveiling its collection online for everyday dresses and dresses for every occasion which is known for great style, comfort, and durability. It is purely a collection of affordable fashion brands.

Taamara primarily is a style to everyday attire—be it formal or casual wear for NextGen women and girls.

Taamara allows young women of today to choose the right apparel for the right occasion. With their unique designs and style of clothing, Taamara helps modern women to make their fashion statement as the attire they wear speaks a lot about you.

The inspiration behind this brand is ‘Fabric-to-Fashion’.

RELEVANT NEWS Reliance Retail poised to foray into saree, ethnic wear stores

The brand is well known for choosing the right fabric to designing the latest trendy apparel perfect quality stitching and finally delivering a fine-tune piece to the customer. Taamara model is a consumer value-driven one focusing on delivering affordable fashion without compromising on the quality of apparel.

Taamara labels want to address the varied needs of busy modern-day women—from ethnic, Indo-Western to Western styling. Through this platform, Taamara will deliver the right value to their customers bypassing the mediatory channels.

About Taamara Taamara understands style and fabrics very deeply, and, at the same time, engages with weavers and artisans to collaborate on and create designs, besides producing and distributing stylish clothing for young, as well as modern, Indian women.

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Brands-To-Retail 28-05-2022

Kazo Brands’ launches platform targeting Indian youth

26 May 2022, Mumbai:

Kazo Brands launched a new platform KZ07 during the recent Delhi Times Fashion Week.

The platform will launch its first unisex and versatile collection targeting the youth in June.

ALSO READ Kazo India to participate in Milan Fashion Week 2022

The collection titled KZ07 NY mixes shades of grey and neutrals with neon and bright hues. Garments in the collection have a basic yet impactful style. The Neon in the collection stands for the brand’s uniqueness.

The collection will be available in soon to be open KZ07 store in Delhi NCR. The brand will be available on its official website KZ07.com.

RELEVANT NEWS World Sustainability Organisation’s sustainable fashion eco label goes to KAZO: To showcase designs in Milan

They also have plans of listing online stores like Nykaa, Myntra, Ajio, and Tata Clique.

Kazo Fashion is an Indian women’s wear brand, founded by Deepak Aggarwal in 2007.

The brand offers the latest international fashion trends at affordable prices. The parent company BL International, an apparel export house, was established in 1991.

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Brands-To-Retail 26-05-2022

Kazo Brands’ launches platform targeting Indian youth

W (TCNS Clothing): Bengaluru 'Experiential Store' opened

29 May 2022, Mumbai:

W brand owned by TCNS Clothing womenswear brand W has opened its largest experiential store to date in Bengaluru’s Indira Nagar.

ALSO READ W, TCNS Ltd- 'W is More'

The experiential store is comprised of two storey that offer a digitally enhanced shopping experience to its discerning customers. The storehouses literally W’s full-on brand's merchandise with an array of range displaying apparel, footwear, cosmetics, and jewellery and is designed to showcase 360-degree brand identity.

RELEVANT NEWS 'W' TCNS Clothing brand forays in beauty segment

The new store is a glimpse into the future of what the brand is going to bring to its consumers.

W is a classical example of a brand that has moved from an apparel-only brand to an aspirational lifestyle brand offering complete wardrobe solutions to its loyal discernible consumers, and this new store is a true testament to that.

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Credits: FashionNetwork

Brands-To-Retail 30-05-2022

W (TCNS Clothing): Bengaluru 'Experiential Store' opened

Indian Terrain Fashions: Sales rebound adds decently to retailers’ revenues in FY’23

27 May 2022, Mumbai:

A sharp rebound in sales is expected to increase revenues of apparel retailers by 20 per cent rise in FY23.

ALSO READ: Terrain Fashions posted Q3 FY22 earnings

Retailers are benefiting from pent-up demand coupled with recurrent weddings, and the onset of the first full-fledged academic year post-pandemic, says Charath Narasimhan, Managing Director, Indian Terrain Fashions.

The push towards return-to-work is also driving sales leading to many retailers expanding their store network in smaller cities, adds Narasimhan.

RELEVANT NEWS: Indian Terrain Fashions: Sales rebound adds decently to retailers’ revenues in FY’23

His company closed about 25 outlets during the pandemic but opened about 70 stores in different cities, taking the total number of stores to 210. The Chennai-based company plans to open 25-30 more stores in the next six months.

New generation of buyers prefer to buy clothes online, he adds. Indian Terrains has opened an online window to cater to this need, Narasimhan informs.

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Brands-To-Retail 27-05-2022

Indian Terrain Fashions: Sales rebound adds decently to retailers’ revenues in FY’23

NAVYASA BY LIVA’S New Campaign #FREETOBE Onboards Deepika Padukone

26 May 2022, Mumbai:

Aditya Birla Group-owned clothing firm Navyasa by Liva has announced an advertising campaign with actor Deepika Padukone directed by Ogilvy and Mather India today.

The 360-degree campaign, the company said, will have a television commercial that will represent how a saree is breaking stereotypes with its fluid nature.

ALSO READ Navyasa by Liva ropes in Deepika Padukone as brand amabassador

The 360-degree campaign, the company said, will have a television commercial that will represent how a saree is breaking stereotypes with its fluid nature. Conceptualised in line with the theme ‘Free To Be’, the campaign, it said, will showcase the brand’s intent to revolutionise the way sarees are perceived.

RELEVANT NEWS Navyasa by Liva; Aditya Birla Group, saree brand expands retail presence

The range has been created by designers Abir and Nanki along with the internal design team at Liva. Rajnikant Sabnavis, chief marketing officer of Grasim Industries (pulp and fibre), “The brand’s intention is clear that it is here to stay and the association with Deepika Padukone as the face of the brand will only up the ante and take the brand to the next level.

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CREDITS: MINT Tamil Bloggers Pehal News Flip Board (The news article has not been edited by DFU Publications staff).

Brands-To-Retail 26-05-2022

NAVYASA BY LIVA’S New Campaign #FREETOBE Onboards Deepika Padukone

Indya launches a new premium occasion-wear line 'Indya Luxe'

29 May 2022, Mumbai:

Ethnic wear retailer Indya has launched ‘Indya Luxe’ - a range of traditional womenswear for the summer wedding season.

The collection features more fusion-style pieces for daywear from strappy crop tops to dress-style kurta sets as well as evening wear ensembles from peplum sarees to gathered lehengas.

RELEVANT NEWS 'Indya' launches line with designer Payal Singhal

The collection also features a range of pre-stitched sarees, designed for easy wearing but embellished with opulent sequins for a striking look.

ALSO READ Indya x Payal Singhal come up with 'Mehfil, festive collection

Indya provides a wide range of ethnic wear and also just released its summer 2022 collection for its mainline.

Entrepreneurs Shivani Poddar and Tanvi Malik launched Indya as an ethno-fusion brand in 2016, according to the brand’s website.

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Credits: FashionNetwork

Brands-To-Retail 29-05-2022

Indya launches a new premium occasion-wear line 'Indya Luxe'

Metro Brands reports Q4 FY’22 results

27 May 2022, Mumbai:

Footwear retail chain Metro Brands’ (MBL) profit after tax was Rs 68 crore in the quarter ended March.

Total revenue from operations for the company stood at Rs 396 crore in the quarter. Nissan Joseph, CEO says, profitability was better than that achieved in the third quarter.

ALSO READ Metro Brands launches new athlesiure range

It achieved a 24.5 percent rise in revenues, a 45.4 percent rise in EBITDA, and a 50.7 percent rise in profit after tax during the revenues.

The retailer maintained the same margin during the quarter as it did in the third.

RELEVANT NEWS Metro Brands signs strategic partnership deal with footwear brand 'FlipFlop'

Though it increased the prices of a few products, Metro did not witness any demand erosion and was able to match consumer needs, Joseph says.

ALSO READ Indian Terrain Fashions to open multiple new outlets

The company opened 75 new stores and relocated 12 stores last year. It aims to maintain current growth levels in the future, notes Joseph.

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Brands-To-Retail 27-05-2022

Rupa & Co Q4FY’22 results reported

25 May 2022, Mumbai:

The fourth-quarter net profit of Rupa and Company increased by 25 percent to Rs 49 crore as against Rs 65 crore it posted in the year-ago period.

*As per a Fashion Network report, the company’s revenue during the quarter increased by one percent to Rs 459 crore, as against Rs 457 crore it reported in the corresponding period of the previous fiscal year.

ALSO READ Rupa & Company's Prahlad Rai Agarwala has been awarded the Padma Shri Award

Income during the financial year 2021-22 increased to Rs 1,484 crore while net profit increased to Rs 191 crore.

Dinesh Kumar Lodha, the CEO, of Rupa and Company, say, the company recorded the highest ever full-year revenue and Profit After Tax in the company’s history during the year.

Growth can be attributed to its efforts to scale up high-margin businesses and strengthen its retail footprint nationwide.

RELEVANT NEWS Rupa & Co posts Q3 FY22 earnings

The company’s focus on key areas has set the platform for robust growth in the upcoming financial year 2022-2023. The company has always been committed to its long-term goal of providing the highest level of consumer satisfaction with its products and brands, adds Lodha.

One of the largest knitwear brands in India, Rupa & Company produces innerwear, casual wear, thermal wear, and sleepwear for men, women, and kids.

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CREDITS: *A Fashion Network Report.

Brands-To-Retail 25-05-2022