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Footwear major Bata India Ltd on Thursday announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business, Bata India Ltd said in a regulatory filing. He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets, it added. Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia and China, the company said. He has also served as Country Director for Guess in France and holds an MBA from INSEAD, it added., "Sanjay brings deep retail and consumer experien
Apparel manufacturer Page Industries has reported an on-year rise of 9 per cent in net profit at Rs 178.73 crore for the quarter ended March 31, 2026. The company had posted a net profit of Rs 164 crore during the January-March period a year ago, according to a filing from Page Industries Ltd (PIL). PIL's revenue from operations was up 14 per cent to Rs 1,252.6 crore in the March quarter of FY'26. It was Rs 1,098.07 crore in the corresponding period a year ago. The company's sales volume grew 10.8 per cent year-on-year, amounting to 54.5 million pieces, Page Industries said in its earnings statement. "With positive consumer sentiments, sustained modernisation of retail and a resilient economy, we are confident of sustaining the growth momentum," Managing Director V S Ganesh said, adding that inflationary pressures on key input costs, particularly cotton, continue to persist. "We are well-positioned to manage these challenges through strategic sourcing initiatives, supply chain ...
Third-party logistics services operator Emiza on Monday announced a partnership with Raymond for managing fulfilment of the company's entire online portfolio comprising brands like Park Avenue, ColorPlus, Parx, and Ethnix. Through Emiza's nationwide network of over 24 fulfilment centres across more than 12 cities, the company will handle over 1.45 million annual shipments for Raymond's direct-to-consumer (D2C) website and marketplace e-commerce operations, Emiza said. Under the collaboration, Emiza would provide warehousing, packaging, and intelligent order fulfilment, it said, adding, for Raymond's D2C website orders, the company will enable smart routing from the fabric and fashion retailer's nearest store to optimise last-mile delivery timelines. "At Emiza, we are committed to delivering precision, speed, and scalability through our tech-driven fulfilment network. This partnership reinforces our mission to empower iconic Indian brands with a robust digital supply chain ...
Garments priced above Rs 2,500 per piece will become more expensive with GST rates on these items being increased to 18 per cent from 12 per cent, a step which industry bodies said will hurt middle-class affordability and weaken organised retail and the garment sector. Retailers Association of India (RAI) and Clothing Manufacturers Association of India (CMAI), while welcoming the two-slab GST framework and removal of inverted duty structure across the textile value chain, argued that garments priced above Rs 2,500 are also consumed in large numbers by the common man and the middle class. The GST Council, in its meeting held on Wednesday, approved increasing the GST rate from 12 per cent to 18 per cent on apparel and clothing accessories of sale value exceeding Rs 2,500 per piece and also on other made-up textile articles, sets of sale value exceeding Rs 2,500 per piece. While GST on footwear of sale value not exceeding Rs 2,500 per pair has been cut to 5 per cent from 12 per cent, f