Revenue & Growth Make Headlines as Modern Indian Retail Rises up the Charts
The past month has proved a great one for Indian retail in terms of investment, revenues and collaboration as companies aim for bigger targets for coming financial year...
The past month has proved a great one for Indian retail in terms of investment, revenues and collaboration as companies aim for bigger targets for the coming financial year
Godrej Interio Eyes 25 percent Revenue Growth, Plans ₹400 Crore Investment
Godrej Interio, a leading furniture manufacturer, is looking at 25 percent growth in revenue to ₹2,500 crore in the current fiscal. “The company plans to invest Rs. 300 crore in plants and machinery over three years whereas ₹100 crore will be invested in the current fiscal to open 35 new stores across India. Our revenue is expected to reach ₹2,500 crore in the current fiscal while the company posted a revenue of ₹2,000 crore in the last fiscal,” said Anil S Mathur, Company’s Chief Operating Officer, on the sidelines of the opening of a flagship store in Kolkata. Of the company’s total revenue last year, the business to business (B2B) segment, including office furniture, turnkey projects, healthcare and lab furniture and others, clocked a revenue of ₹1,200 crore while the revenue from business to consumer (B2C) segment was ₹800 crore. “We are expecting B2B segment to grow to ₹1,500 crore and revenue from B2C to ₹1,000 crore. Our total investments in plants and machinery in the next three years will be ₹300 crore. The company, which has a presence in multi-brand online sites, is coming out with an own e-commerce site in 4-5 months,” he further added. In addition, the company will invest ₹100 crore to open 35 stores across India. It has seven manufacturing facilities at Mumbai, Haridwar, Shirwal and Bhagwanpur.
Jubilant Foodworks Operating Revenues for Q1 FY19 Stand Strong at ₹8,551 Million
Jubilant Foodworks Limited reported its financial results for the quarter ended 30th June, 2018. Operating Revenues for Q1 FY19 stood strong at ₹8,551 million, representing a growth of 26.0 percent over Q1 FY18, and a sequential growth of 9.6 percent over the preceding quarter. The growth was on the back of a strong Same Store Growth (SSG) of 25.9 percent in Domino’s Pizza. Overall profitability also improved, with EBITDA for Q1 FY19 coming in at ₹1421 million at 16.6 percent of revenue, a growth of 78.5 percent over Q1 FY18. Profit after Tax in Q1 FY19 stood at ₹747 million at 8.7 percent of revenue and a growth of 213.2 percent over Q1 FY18.
The strong performance in Q1 FY19 was on account of a good response to the Every Day Value offer on regular pizzas launched in March 2018, and which was supported aggressively during the IPL T20 cricket season. In addition to this, the continued success of the all new Domino’s product upgrade launched last year also drove a strong growth in core pizza orders.
In addition, Dunkin’ Donuts made sustained progress towards its goal of breaking even with a slew of innovations that drove sales growth and which was accompanied by disciplined cost management.
Panasonic India Eyes ₹12,300 Crore Revenue in FY2018-19
Japanese consumer electronics major Panasonic is aiming for revenues of ₹12,300 crore in India this fiscal, driven by its refrigerator and TV businesses. Panasonic India reported revenues of about ₹10,500 crore in the previous financial year. The company also expects its B2B business to contribute almost half of its revenues by FY 2020-21 as it is expanding its presence in the segment. Panasonic also introduced new models of OLED and 4K TVS here to strengthen its presence in the segment. “This financial year, we are looking at ₹12,300 crore revenue overall. Last year we had closed around ₹10,500 crore,” said Manish Sharma, President and CEO, Panasonic India and South Asia to PTI.
Clog London Sells 50 Percent Stake To Roma Ventures
Retail real estate leasing firm Roma Ventures has invested in Clog London, a premium men’s leather footwear brand. Roma Ventures’ Director, Gopal Kishan Rathor has taken control of 50 percent stake in Clog London post the investment. The amount of investment has not been disclosed by company.
The footwear brand has been rapidly gaining a stronghold in India. One of the main factors of their growing popularity is the quality and comfort that they provide to their consumers. The brand is currently expanding through shop-in-shop format but has plans on opening exclusive outlets in the country soon.
Internationally, Clog London is present in Canada. In India, the brand is currently available in the states of Punjab and Jammu & Kashmir. However, aggressive expansion plans are in place with Clog London targeting the Delhi-ncr and Uttar Pradesh markets.
A S Retail & Hospitality Pvt Ltd Launches Hardware Brand ‘Raiser’
A S Retail & Hospitality Pvt Ltd., recently, launched a new True Industrial Grade POS hardware brand ‘Raiser.’ The Raiser brand currently includes essential hardware products for the Retail and Hospitality sectors. CEO of AS Retail & Hospitality and Raiser brand owner, Amit Singh was extremely excited about the launch saying, “We have been in the market as a solutions provider for over 10 years now. Our fruitful journey as well as the ‘Make in India’ push propelled us to select the best-of-the-best and offer a product-line that works best for the endconsumer.” Currently the product-line includes All-in-one POS (Touch & non-touch), MSR, Display solutions, Cash Drawer and (VFD) Pole display and innovative kiosk. A few more exciting products will be released through the year, not just to add to the range, but also to offer the store-planners variety as well as effective choice. Visit www.raiserpos.com for more info.
Kurl-on in Expansion Mode, to Open 50 Kurl-on Home Komforts EBOS
From an idea that ignited during a visit to Germany to becoming India’s leading mattress manufacturer and seller, to venturing beyond just a better sleep experience and extending its product range into the home comfort segment, Kurl-on’s journey is a fine and well known lesson in entrepreneurship and growth. With state-of-the-art technology, Kurl-on endeavours to improve standards in the Indian mattress and furniture industry besides being in tune with the changing needs of Indian consumer. As a part of their ever growing journey, the company has major expansion plans to open 50 EBOS for their brand Kurl-on Home Komforts across geographies in 2018-19. Multiple product launches in the home furnishings segment are also in the pipeline. The brand also plans on expanding the Kurl-on franchisee network to 2000 from the current 850, across geographies, increase their presence in multi brand outlets to 7,000 with a focus on metros, state capitals, and towns with population of over 5 lakh people.
Kurl-on also has plans to increase its retail contribution to revenue to 30 percent from the current 20 percent. The company currently has 10,000+ dealers, 72 branch and stock points and 10 strategically located manufacturing facilities across Karnataka, Orissa, Madhya Pradesh, Uttarakhand and Gujarat. Kurlon which reported a turnover of ₹1,070 crore in 2017-18, is aiming at a turnover of ₹1,350 crore in FY19.
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