Top Stories

Blinkit targets 1,000 store mark by FY25, triples revenue in Q4 FY24

TFW Bureau May 14, 2024 - 1 min read

Blinkit’s revenue from operations for the financial year that ended March31, 2024 stood at Rs 2,301 cr against Rs 806 cr in the last fiscal, as per the regulatory filing.Industry reports quote Albinder Dhindsa, the CEO of Blinkit, saying that store expansion is one of thekey vectors of growth for the brand.

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‘The World,’ Gujarat’s largest all-suite 5-star hotel unveiled by Royal Orchid Hotels

TFW Bureau May 14, 2024 - 1 min read

As per reports, the 288 all-suite hotel offers spacious accommodations for up to 6 guests, ensuringcomfort and convenience.The hotel boasts an array of innovative services and facilities, including large banqueting rooms,sprawling lawns, meeting facilities, and a signature Spa offering extensive wellness and yogaexperiences. Additionally, guests can enjoy an in-house Co-Working space and...

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Kalyan Jewellers posts 34.09% increase in Q4 FY24 revenue over Q4 FY23

TFW Bureau May 13, 2024 - 1 min read

Profit before tax for the quarter stood at Rs 183.67 crore, enabling the retailer to register a growth of 93.97% from Rs 94.69 crore posted in Q4 FY23. EBITDA stood at Rs 306.2 crore in fourth quarter of FY24, registering a growth of 19% as compared with Rs 256.7 crore in Q4 FY23. EBITDA margin...

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ASICS to double number of stores by 2026

TFW Bureau May 07, 2024 - 1 min read

ASICS India has collaborated with ace Tennis Player Rohan Bopanna to inspire people from all walks of life to experience advantages of the journey toward physical and mental wellness. The Japanese sports performance brand, which has a presence with 103 stores nationwide, aims to expand and add more brand stores in Tier I, II, and...

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Arvind Ltd Q4 profit rises 7.32% at Rs 104.42 crore

TFW Bureau May 07, 2024 - 2 min read

The company had posted a net profit of Rs 97.3 crore in the same quarter of the previous fiscal, Arvind Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 2,074.51 crore as against Rs 1,880.76 crore in the corresponding period a year ago, it added. The...

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Delhivery launches all-women logistics hub in Rajasthan

TFW Bureau May 03, 2024 - 1 min read

Delhivery has recently launched an all-women logistics hub in Sikar, Rajasthan, and plans to replicate the model at other locations as well. This is another step towards the company’s objective of promoting greater enrollment and empowerment of women in the logistics industry and also advancing overall diversity within the company, Delhivery said. The company said...

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SPARKLING GROWTH FOR TITAN’S JEWELLERY SEGMENT, INTERNATIONAL EXPANSION ON CARDS

TFW Bureau May 03, 2024 - 1 min read

As per Titan’s Q4 results for FY23, the retailer’s growth is being led by its jewellery segment, as the wedding segment improves its performance. As per industry reports, the jewellery segment will grow around 18.5 percent, with a five-year revenue CAGR of 21.4 percent. As per Q4 business update, the emerging business segment is anticipated...

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TATA TRENT ON EXPANSION SPREE: 200+ STORES FROM WESTSIDE, ZUDIO BY FY25

TFW Bureau May 02, 2024 - 2 min read

Tata Trent, India’s leading retail company, is on expansion spree.The company’s retail expansion strategy is being aggressively implemented by two of its leading brands, Westside and Zudio. Currently operating in 103 cities in India, Westside is looking at expansion in the coming months. As per industry reports, this fashion focussed department store chain is planning...

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FirstCry refiles IPO papers, reports December revenue at Rs 4,814 crore

TFW Bureau May 01, 2024 - 1 min read

Brainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), days after the markets regulator told the firm to come up with additional clarity on some key performance metrics. According to the updated draft red herring prospectus (DRHP), the Pune-based...

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Trent Limited, reported a 15-fold Y-O-Y rise in consolidated net profit at Rs 712 crore

TFW Bureau Apr 29, 2024 - 2 min read

Trent Limited, which owns and operates fashion and lifestyle retail chains such as Westside, Zudio and Utsa, reported a 15-fold year-on-year rise in consolidated net profit at Rs 712 crore in the quarter ended 31 March, 2024. The company had reported a net profit of Rs 45 crore in the year-ago period. Revenue from operations increased 51 percent...

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