Having recently reopened one of its select brand outlets in Coimbatore, Indian Terrain aims to increase its revenues by 10 per cent this fiscal year. The brand achieved revenues of Rs 460 crore in the previous fiscal year, highlights Charath Ram Narasimhan, Managing Director & CEO, Indian Terrain.
Last year, around 15 per cent of the brand’s sales came from its e-commerce operations, notes Narasimhan. Currently operating 200 select stores across India, the brand plans to open 30 new stores nationally, with 20-25 stores planned for the South and Western regions, he says.
In the textile hub of Coimbatore, Indian Terrain already has nine stores and a strong presence in nearby cities like Tiruppur, Salem, Erode, and Karur. Showcasing its strong connection with the state, Indian Terrain currently operates 50 stores in Tamil Nadu.
All Stories
A tech-enabled fashion manufacturing platform, Zyod,has successfully raised $18 million (Rs 150 crore) in its Series A funding round led by RTP Global.
The funding round was attended by both existing and new investors including Lightspeed, Alteria Capital, Stride Ventures, Stride One, and Trifecta Capital.
The generated funds will be used to expand Zyod’s global operations, enhance technological advancements, and focus on talent acquisition. The company will also leverage this capital to further its mission of transforming the global fashion manufacturing industry.
Ankit Jaipuria, Co-founder, Zyod, says, the fresh round of funding underscores the strong support and confidence in Zyod’s vision to revolutionise the global fashion manufacturing industry. The brand plans to continue collaborating with local handpicked manufacturers, leveraging its deep expertise in manufacturing to unlock a new phase of growth.”
Highlighting the potential of Zyod, Nishit Garg, Partner, RTP Global Asia, says, the company will support Zyod’s expansion of its transformative platform internationally, showcasing the potential of Indian entrepreneurship on the global stage
Founded in 2023 by Ankit Jaipuria and Ritesh Khandelwal, Zyod offers a diverse catalogue of 10,000 unique styles monthly. The company has established a global presence, operating in over 15 countries.
The Q4 net profit of Campus Activewear increased by 43 per cent to Rs 33 crore ($4 million) compared to Rs 23 crore in the same quarter the previous year.
The company’s revenue for the quarter rose by 5 per cent to Rs 364 crore, up from Rs 348 crore in the corresponding quarter of the prior fiscal year.
For the financial year 2024, Campus Activewear achieved a net profit of Rs 89 crore and a sales revenue of Rs 1,448 crore.
Nikhil Agarwal, CEO, Campus Activewear, comments, FY24 was a transitionary year for the company as it made a strong comeback in the second half the year by focusing on trade distribution and new product launches.
Throughout the financial year, the company expanded its geographical presence by opening 66 new stores in the western, southern, and eastern regions of India, bringing the total number of stores to over 250.
A women's fashion handbag brand, Caprese has announced actor Kiara Advani as its new brand ambassador.
The partnership commenced with the launch of 'The Kiara Collection,' featuring a range of totes, satchels, laptop bags, slings, and fashion backpacks.
According to a spokesperson for Caprese, the Kiara Collection is a dazzling blend of Bollywood glamor and timeless elegance, redefining contemporary fashion. The collection not only embraces sophistication but also empowers women, transforming everyday moments into a stylish adventure. Advani’s association with Caprese will further solidify the its position at the forefront of the fashion brand league.
Priced between Rs 2,199 ($25) to Rs 3,999, The Kiara Collection will be available on Caprese’s website and e-commerce platforms like Myntra and Nykaa.
KingsCraft Online Brands Pvt. Ltd. has unveiled Underrated Club (URC), a new streetwear label, aiming to redefine luxury with a blend of urban style and timeless elegance.
Co-founded by Abhishek Teri and Kartik Anand, headquartered in Pune, Maharashtra, URC plans a robust online presence and strategic retail expansion.
The brand's debut collections, Underrated Originals and Underrated Classics, promise seasonal designs, bold graphics, and durable wardrobe staples.
With a focus on the burgeoning Indian market, URC seeks to pioneer in luxury streetwear, emphasizing meticulous craftsmanship and innovative fashion.
Future plans include partnerships, pop-up stores, and flagship openings in major cities.
Innovative apparel brand Bluorng has teamed up with Jägermeister to introduce a unique capsule collection featuring jackets, t-shirts, shirts, shorts and hoodies. Celebrating the essence of both brands, the collection blends Jägermeister’s iconic stag logo with Bluorng’s nature-inspired motifs. It incorporates the themes of forests and wildlife to honor Jägermeister’s storied heritage and showcase Bluorng’s creative ingenuity.
Highlighting the significance of the capsule collection, Mokam Singh and Siddhant Sabharwal, Founders, say, the collection aims to create a profound impact that leaves a lasting impression on the consumers’ minds. Inspired by the iconic stag of jagermeister, it offers five distinct looks to express four characteristics of the stag.
The design of this collection merges both Bluorng and Jägermeister’s aesthetics to create something unique for the consumers. It channels the essence of Jagermeister’s iconic stag into Bluorng’s designs and prints. For the presentation, Bluorng uses green lighting to transform its flagship store into the stag’s natural habitat.
Footwear retail chain Metro Brands has reported 126.3 per cent increase in its consolidated net profit to Rs 155.57 crore in the fourth quarter ended March 31, 2024. It had reported a consolidated PAT of Rs 68.74 crore in a similar period, a year ago.
The company's total income increased by 7.8 per cent to Rs 607.33 crore in Q4 FY24, as against Rs 562.87 crore in the same period of the previous fiscal.
Its total expenses also grew to Rs 503.73 crore in Q4 FY24 from Rs 468.28 crore in Q4 FY23.
Metro Brands' total income stood at Rs 2,427.52 crore in the fiscal year 2023-24 as compared to a total income of Rs 2,181.51 crore in the previous fiscal.
Nissan Joseph, CEO, Metro Brands says, despite the high base effect in FY23 due to post-COVID-19 easing, the company’s sales grew by 11 per cent Y-o-Y. Additionally, its sales per square foot increased from Rs 17,500 per sq ft. in FY'19 to Rs 18,700 per sq ft in FY24, reflecting the company’s successful adaptation to the new market conditions and the ongoing normalisation post-COVID.
Metro Brands has extended its retail agreement with Crocs. It has gained exclusive rights to operate and own Crocs stores across western and southern India. Additionally, the company will continue to operate all existing stores in northern and eastern India. During the year, a total of 97 net stores were opened, showcasing the growth and expansion of the company.
One of India’s foremost premium clothing brands, Blackberrys has refurbished its exclusive brand outlet in Dimapur. With its new look and new range of clothing, the refurbished outlet will cater to a greater demographic, says NirdoshKapil, Vice President-Sales, Blackberrys.
Started by two graduates of the National Institute of Fashion in New Delhi, Nikhil and Nitin Mohan, Blackberrys has devised its own fit called the ‘India Slim Fit’. The fit created by the brand makes customers looker slimmer whatever body types they may have, adds Kapil.
In the last two fiscals, (2022-23 and 2023-24), the brand registered annual turnovers of over Rs 1,000 crore. The online operations of Blackberrys are worth nearly 1,400 crore, notes Kapil.
Fashion brand Wrogn plans to explore advanced data analytics to gain deeper insights into customer preferences and market trends for making more informed decisions.
The brand also plans to enhance the use of artificial intelligence to deliver highly personalised shopping experiences, says Nishant Poddar, CMO and Head-Retail Experience, Wrogn. The brand believes, AI will allow it to project trends and recommend products that align with individual customer preferences. Additionally, AI will help it minimise overproduction and improve endless aisle capabilities.
Another of the brand’s key focus includes expanding its omnichannel capabilities, adds Poddar. The brand aims to a seamless shopping experience for its customers; whether they are shopping online, using a mobile device, or visiting a physical store. To further reduce returns, the brand adopts virtual fitting solutions, providing customers with a more accurate and satisfying shopping experience.
Lastly, Wrogn plans to implement customer journey analytics to track the end-to-end customer journey across all retail touchpoints. These tools will offer the brand valuable insights to improve and enhance the customer experience.
Modenik Lifestyle's innerwear brand, Dixcy Scott, has launched a new campaign to connect with Gen Z men by promoting self-confidence. Developed in collaboration with creative agency TBWA India, the campaign features cricket players Yashasvi Jaiswal and Mohammed Siraj.
Launched on May 23, the campaign film emphasises, real self-confidence is reflected in body language, and Dixcy Scott's comfort-driven innerwear is designed to enhance this confidence. The film showcases Jaiswal and Siraj in various challenging situations, highlighting their innate confidence.
Modenik Lifestyle's CEO, Shekhar Tewari, explains, the 'Body Ki Bhasha' campaign celebrates the confidence that comes from being true to yourself, which is reflected in your body language. It deems societal norms as irrelevant when you believe in yourself. Comfortable innerwear contributes immensely to this self-belief, influencing how men perceive themselves and are perceived by others by how they carry themselves. Dixcy Scott innerwear plays a vital role in providing the comfort and support that boosts this confidence. This campaign showcases how comfortable innerwear enhances body language, enabling you to seize the moment and stand out.
Govind Pandey, CEO, TBWA India, adds, the campaign posits that being good at what you do and having confidence is more important than conforming to societal norms such as speaking certain languages. Inspired by real-life scenarios, the brand chose young cricket players to connect with Gen Z, for whom self-expression is a high priority.
The most trusted brand among Indian youth, Sparx has launched its 2024 Spring/ Summer collection. Exuding stylish design and blending functionality with fashion, the new collection redefines fashion, the new collection redefines style and comfort with lightweight sandals made from sweat-wicking fabrics. The collection features adjustable fits and supports all genders and ages in their daily activities.
Offering a range of ultra-comfortable and trendy slippers, the collection has been launched alongside a digital campaign featuring the tagline ‘Sparx It's In Me’ across various platforms to boost the company's marketing efforts.
Available at over 405 Exclusive Brand Outlets (EBOs) and leading footwear stores, the perfectly tailored collection can also be availed on the brand’s website. Designed to meet the demands for stylish yet comfortable footwear, the collection is set to become the top choice for customers seeking both elegance and practicality this season, says Gaurav Dua, Executive Director, Relaxo Footwear.
Hyderabad-based footwear brand Neeman’s plans to double its revenue to over Rs 200 crore in FY2024-25. In FY2023-24, it achieved revenues worth over Rs100 crore, points out Taran Chhabra, Founder.
Driven by strategic internal restructuring and comprehensive growth plans, Neeman’s is experiencing a steady month-over-month growth rate of 15-20 per cent. The brand currently has over 11 stores in cities like Hyderabad, Mumbai and Bengaluru. It plans to open over 20 new stores across all major metro cities besides eyeing a significant omnichannel presence, adds Chhabra.
Neeman’s products are also available on Amazon UAE and 6th Street UAE, an omnichannel e-commerce fashion destination from Apparel Group. The brand currently focuses on the footwear sector and aims to expand its market share in it. In 2023, the company’s best-performing products included Sneakers, Slip Ons and Loafers.
Through its D2C website and offline stores, Neeman’s sells products like sneakers, slip-ons, loafers, athleisure products, flip flops, sandals, flats and slides ranging between Rs 300 to Rs 2,500.
According to the company’s, it has raised a Series B funding of $ 5.2 million and also uses technology in the areas of customer experience, post-purchase and returns and works with New Delhi-based e-commerce enabler GoKwik for the same. The technology helped reduce the return to origin (RTO) rates and enhance the overall conversion rate of our checkout funnel, contributing to a smoother and more efficient customer experience, adds Chhabra.
The net profit of Dollar Industries’ during Q4, FY24 ended Mar 31, 2024 increased to Rs 33 crore ($4 million) from Rs 55 lakh recorded in the same quarter last year.
The company’s revenue for the quarter rose by 23 per cent to Rs 503 crore from Rs 407 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2023-24, Dollar Industries recorded a 71 per cent Y-o-Y rise in net profit to Rs 90 crore, with revenue reaching Rs 1,576 crore.
Expressing satisfaction with the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd, states, the company remains steadfast in its commitment towards the continued growth and success of Project Lakshya. It has added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors increased to 26.3 per cent in FY24 from 18.6 per cent in FY23.
Dollar Industries is experiencing robust demand and an increasing proportion of higher-margin products in its portfolio. This positive trend positions it to achieve the desired topline and bottom-line growth in the near future.
A leading player in the innerwear and athleisure segment, Kolkata-based Dollar Industries has a strong presence across the country.