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...

Images Retail - - CONTENTS - – By IM­AGES Re­tail Bureau

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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