09 Sep 2024

Oyo, a travel tech platform, has projected a profit after tax (PAT) of over INR 700 crore for the current fiscal year, a significant increase from the INR 229 crore PAT in FY 2024. In Q1 FY 2025, Oyo reported a net profit of INR 132 crore, a sharp turnaround from the INR 108 crore loss in the same period last year. The growth is driven by strong hotel operations in India, Southeast Asia, and the U.S. Oyo's strategic expansions in Europe and aggressive U.S. market entry further bolster its financial outlook for FY 2025.Read more

09 Sep 2024

Pulse Candy, a leading brand of Dharampal Satyapal Group (DS Group), has been featured in a prestigious Institute of Management Ahmedabad (IIMA) case study. This recognition highlights Pulse Candy's journey from a disruptive market entry to industry leadership in the hard-boiled candy segment. The study examines DS Group's innovative marketing strategies, market identification, and product differentiation that propelled Pulse Candy to success. It covers the brand's launch, its unique appeal with tangy raw mango flavor, and its achievement of INR 1 billion in sales within eight months, despite challenges like counterfeits and shortages. This case study serves as an inspiring example of effective market strategy.Read more

09 Sep 2024

The Hive Hostels, a leader in luxury student accommodation, has raised INR 11.5 crore in a pre-IPO funding round, supported by prominent investors including Dr. Shriram Madhav Nene and Sahil Vachani of Max Estates. The funds will fuel the development of "Aurus," a new luxury extension, and support the launch of Hive Campus Living, an initiative aimed at managing university accommodations. With an upcoming IPO and projected revenue of INR 60 crore this fiscal year, The Hive Hostels is poised to strengthen its position in India's premium student housing market.Read more

06 Sep 2024

Trehan IRIS has teamed up with Marriott International to introduce the Courtyard by Marriott brand to Greater Noida West, marking its debut in the Noida region. This new hotel, part of the Iris Broadway Greno West project, will feature 135 rooms, banquet facilities for over 2,000 guests, and amenities like a swimming pool, terraces, and an all-day dining restaurant. The project, including retail and office spaces, represents a INR 400 crore investment and is expected to be operational by 2027. Designed by Benoy, it spans 3.4 acres and will include a high-rise office tower and various upscale features.Read more

05 Sep 2024

Raymond Lifestyle, the demerged entity from Raymond, plans to open 900 stores in the next three years, targeting 12-15% annual sales growth and an 18-20% increase in operating profit. The company, set to list on September 5, aims to unlock shareholder value by focusing on the lifestyle segment, driven by a professional management team. Last year, Raymond Lifestyle invested INR 100 crore to boost capacity and plans another INR 100 crore investment this financial year. The company reported FY2024 revenue of INR 6,691 crore, with a 16.3% EBITDA margin and a net cash surplus of INR 227 crore.Read more

04 Sep 2024

Royal Orchid Hotels Ltd. plans to expand its portfolio to 200 properties by FY27, focusing on tier-two and tier-three cities across India to capitalise on the growing domestic travel demand. The company, currently operating over 107 locations, will open 35 new hotels this year, with 30 in smaller cities. Despite a 19% drop in profit after tax to INR 8.72 crore and rising costs, total income rose by 5.34% to INR 77.66 crore. The expansion aligns with India's strong GDP growth and increasing local tourism, positioning Royal Orchid for future growth in the evolving hospitality sector.Read more

03 Sep 2024

BigBasket, the top online grocery store in India, is changing into a full-fledged platform for fast commerce, with an exclusive emphasis on delivery made in 10 to 30 minutes via its BB Now service. This strategic move, which accounts for more than 50% of the company's sales, indicates the increasing desire for deliveries that happen more quickly. BigBasket, which was established in 2011, is eschewing its conventional slotted delivery methodology in order to maintain its competitiveness in the rapidly changing e-commerce market. The move, which represents a substantial shift in the company's business strategy, will be finished in the upcoming weeks, according to founders Hari Menon and Vipul Parekh.Read more

03 Sep 2024

Godrej Interio, a leading home and office furniture brand under the Godrej & Boyce, plans to open 104 new stores and add over 2 lakh sq ft of retail space in the year 2025, aiming for a 20% growth. With 900 stores across 600+ cities, the company is set to surpass 1,000 stores in August 2024. The expansion includes 34 new stores in the North, 24 in the West, 19 in the South, and 27 in the East. Additionally, Godrej Interio continues to enhance its digital presence, with its e-commerce platform now serving over approximately 17,000 pin codes nationwide.Read more

30 Aug 2024

Retail giant Trent is rapidly growing its Star Bazaar chain. In the first quarter of FY25, the number of supermarkets increased from 66 to 72. The chain plans to add 20-25 new stores in FY25, aiming to reach about 90 stores by the end of the year. This follows a previous financial year where they ended with 66 supermarkets. This expansion is part of Trent's strategy to make Star Bazaar a key growth driver, alongside Zudio and Westside. By FY26, Trent hopes to have 110-120 stores across 15-20 cities. The plan focuses on increasing store numbers, making prices more affordable, and boosting private-label products.Read more

29 Aug 2024

French sporting goods company Decathlon has announced a significant investment of EUR 100 million (approximately INR 933 crore) in India over the next five years. The company aims to double its current revenue of around INR 4,000 crore in the country during this period. Decathlon plans to expand its retail presence, strengthen its omnichannel strategy, and increase local production as part of its "Make in India" initiative. The investment reflects Decathlon's confidence in India's potential as a global manufacturing and innovation hub for the brand, with the goal of nurturing local talent and contributing to the country's journey towards becoming a sporting powerhouse.Read more