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Recode Studios announces Rs 15 crore sales for FY 2022

Recode Studios’ in-house brands accounted for 75% of the total revenue, while third-party brands accounted for the remaining 25% Bengaluru: Recode Studios, a digital beauty, and personal care brand reported net sales of Rs 15 crore on the back of a...

Supply chains are revenue enablers, say business leaders at ICS 2022

Leaders of various retail businesses discussed supply chain and its impact on the last mile experience, which in turn affects repeat business and revenues at the Internet Commerce Summit 2022 Bengaluru: Supply Chains today are differentiating factors that help companies deliver...

FMCG firms staring at muted revenue growth this and next fiscals amid inflation, sluggish rural demand

Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5...

Staqu witnesses a 100% year-on-year increase in revenue

AI start-up Staqu’s client base increased by 126% while witnessing a 3x growth in the last two quarters with a runway of 36 monthsNew Delhi: Artificial Intelligence (AI) implantation enabler, Staqu has registered a 100 percent year-on-year growth in...

Sula Vineyards collects Rs 288 crore from anchor investors ahead of IPO

Wine producer brand Sula Vineyards raised Rs 288 crore from 22 investors and has decided to allot 80,70,158 equity shares to anchor investors New Delhi: Leading wine producer Sula Vineyards on Friday said it has raised Rs 288 crore from anchor...

Melorra hits an Annual Recurring Revenue of $100 million

Melorra plans to reach USD 1 billion in revenue by 2026 and launch 350 stores across the world by next year endNew Delhi: D2C jewellery brand Melorra has clocked Annual Recurring Revenue ARR of USD 100 million. The brand has...

FMCG industry continues to see slowdown; sales volume falls in rural mkts in Sept quarter: Report

The FMCG industry witnessed an overall volume decline of 0.9 per cent in the September quarter in comparison to the preceding three monthsNew Delhi: The country’s FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets...

Flipkart losses widened to over Rs 7,800 crore in FY22

The loss is based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filingsNew Delhi: E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on...

CaratLane records 109 percent growth in EBIT in Q2

CaratLane’s Q2 FY23 revenue stood at Rs 445 Cr a growth of 54% YoY, with an EBIT of INR 29 Cr. The brand recorded like-to-like retail sales growth of 41%Mumbai: Omni-channel Jewellery chain CaratLane recorded a revenue (NSV) of Rs....

Apparel retailers could touch 23% revenue growth despite inflation jab

Apparel retailing in India stands to grow by up to 23% in revenue in the current fiscal year ending March 2023, riding on strong same-store sales, a boost in online sales and aggressive store expansions, a report by credit...
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Tata encounters pressure in Starbucks joint venture as consumers tighten budgets

Tata Consumer Products, experiencing lower foot traffic at its Starbucks cafes in India, will scale back short-term expansion plans...
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