Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
MUMBAI: Corporate India’s profits shrunk by 3.1% in the first quarter of FY25 compared to a 31% growth in the corresponding quarter last year. In terms of earnings growth, this is the worst first-quarter performance after the pandemic (since Q1FY21).In Q1FY25, net sales of 2,539 companies totalled Rs 22.9 lakh crore, a 5.2% increase from…
Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts’ expectations. The performance represented a slowdown from a year ago when it benefited from a post-pandemic shopping spree. Inditex, which also owns Pull&Bear, Massimo Dutti and other brands, is attempting to…
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…
Luggage makers Samsonite, Safari and VIP Industries saw a significant decline in their growth rate as last year’s high base weighed on the March quarter earnings amid a weak wedding and travel season this year. Samsonite’s India business fell 10% year-on-year during the quarter compared to 108% growth a year ago, while Safari saw its…
CK Venkataraman “Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,” says CK Venkataraman, MD, Titan Company.If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of…
Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election. The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale…
