The Pant Project, a fashion brand specialising in custom-made and ready-to-wear pants, has raised $4.25 million in its maiden funding round led by Sorin Investments, an early-stage investment firm founded by former KKR India chief executive Sanjay Nayar. The round also saw participation from marquee investors MGA Ventures, Huddle, Dexter Ventures, and Indian Silicon Valley,…
Bengaluru-based apparel exporter Gokaldas Exports on Monday reported a consolidated revenue of Rs 818 Crore for the quarter ended March 2024, compared to Rs 530.1 crore in the same quarter last year, recording a 54% jump in topline. The company also reported a consolidated profit after tax of Rs 44.3 crore compared to Rs 47.2…
A CRISIL Ratings analysis of 54 gold jewellery retailers, which account for 32% of the organised jewellery sector revenue released today says that organised gold jewellery retailers are set to clock 17-19% on-year revenue growth in fiscal 2025, driven by higher realisations stemming from elevated gold prices, while volume will remain steady. Retailers are likely…
Lalit Agarwal, Founder & MD, V-Mart Retail, says the company is still a little away from the pre-COVID numbers on the same store sales. The company has taken some steps to provide the consumer the best fashion, the best product, the best prices and is working on bringing down the average selling price also and…
Wildcraft, a homegrown adventure and outdoor products brand has invested Rs 80 crore to open a warehouse at Sira, Karnataka spreading across a 3.5 lakh sq.ft area, Gaurav Dublish, co-founder, Wildcraft. Over the next 18-36 months, the brand plans to further invest Rs 40 crore in expanding its production capacity next to this warehouse unit….
NEW DELHI: Strong growth in India continued to reap rich dividends for Apple as CEO Tim Cook said the company is “very, very pleased” after scoring a double-digit revenue growth here.Cook spoke about Apple’s growing engagement in India across retail functions and developer ecosystem as he pointed to sustainability efforts initiated by the company in…
BENGALURU: For more than two decades, they’ve been the biggest hirers of engineering and technology talent. But in the financial year that ended this March, the combined headcount of TCS, Infosys and Wipro dropped by nearly 64,000. And the early indications for the ongoing financial year aren’t good either. Infosys expects revenue growth between 1%…
BENGALURU: Going by major financial metrics, one could say that Thierry Delaporte did not make things worse for Wipro than his predecessors had already done. In one significant respect, the outgoing CEO actually did better – share price. Wipro’s share price since Delaporte took over has risen 116%, compared to 81% for TCS, 94% for…
Organised sector brick and mortar apparel retailers are expected to post 7-8% revenue growth this fiscal, buoyed by festival and marriage season demand, and despite inflation impacting discretionary spending in the first quarter. Continued store expansion, including to Tier II and III cities, will also help growth this fiscal and over the medium term.Despite the…
Nissan Joseph, CEO, Metro Brands, says “the fortunate thing we have is in India the population and the growth is so much that it is really not a zero sum game where I can’t grow as competition opens up. It really is an end game where we can all grow. It is a matter of…
