Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Nets three more foreign brands for exclusive retailing, but the cost of the business model may be high, say experts.
Since September, Reliance Retail has raised money from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority , GIC, TPG, General Atlantic and Saudi Arabia's Public Investment Fund in a divestment programme that mirrored sister Jio Platforms a few months earlier.
Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company statement. Quarter-on-quarter, the profit was lower when compared to Rs 17,394 crore earnings in the preceding three months ended September 30.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
Men and women from mofussil India are buying designerwear either on their laptops or their cellphones.
"Everything we consume, we have to consume responsibly," the textile minister said at Lakme Fashion Week.
How Shibani Bhagat plans to rewrite the rules of the Indian sneaker business.
'Kindly advise about the following stocks. Can I hold or exit?'
Discount chain to expand to the east and west, continue with third-party brands.
At a colourful ceremony, which included a presentation of India's indigenous martial art forms, dances and sports, Modi said technology has contributed to a sedentary lifestyle.
Recovery seen in Q4, companies continue to focus on enhancing cash flow
'Post-Covid world will be different from the pre-Covid world.'
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Footfall at malls are down 20-25 per cent in the past couple of years.
Modern Indian weddings are no longer just about scrumptious menus, flashy decors, and extravaganza events. It's more about thoughtfulness, personalisation, and celebrating with loved ones, observes Anam Zubair, associate director of marketing, WeddingWire India.
The dating world can be a mess of expectations and anxieties, but don't let your emotional baggage spill all over your chance at real love, suggests Sybil Shiddell, country manager India, Gleeden, a discreet extra marital dating Web site.
The company has entered into a strategic partnership with Scootsy, a hyper-local delivery platform
Not only is the number of native language users set to grow faster than English users over the next five years, these users are more likely to lead a more active digital life. Arundhuti Dasgupta & Urvi Malvania find out how brands are rethinking digital marketing plans to accommodate this.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Neha takes on body-shamers. Will you?
'My collection for LFW is all about Indianness.' Fashion designer Soumodeep Datta quit computer science to pursue his dream.
The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points.
Real estate experts say rentals have corrected by 5-10 per cent across formats, including office, retail and housing, with a pick-up expected over the next few quarters as the economy recovers.
The brand plans to open about 40 franchise-operated Gap stores in India, the company said in a statement.
'The sari is a symbol of Indianism.' 'Once I was wearing a sari and walking in the middle of a market in Amsterdam and there was a musician playing a instrument.' 'When he saw me, he started playing an Indian song.' 'A sari has such strong cultural narrative.'
Raised in the slums, Ankita Singh's breakthrough came when she was crowned Miss Kolkata in 2018.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Svante Thunberg revealed how his teen daughter, who initiated a global movement demanding world leaders take action over climate change, was crippled with depression and her activism has now made her 'very happy'.
Did top Indian business groups miss the e-commerce opportunity by focusing on replicating the Walmart model instead of following the Amazon model of online shopping?
The beauty queen turned actor talks about her new athleisure start-up.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While festive season spends by consumers did contribute to the uptick seen in Q3, experts said greater aggression displayed by retailers to corner a larger share of the shopper's wallet also worked.
From being a single store in Delhi, The Shop is now in Bengaluru, Mumbai, Kolkata, Coonoor and Noida.
Donald Trump's stylish daughter is one to watch out for!
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Neerja Palisetty's Sutrakaar Creations combines paper with post-consumer waste to promote fair trade, craft empowerment, zero-waste, and ethical fashion.
Mumbai-based Dimple Mehta has been using her Instagram handle to decry fat-shaming.
