Retail Chains

Britannia expects half of its sales from rural markets in next 3-4 yrs: MD

Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years, as it is expanding its distribution network to increase its presence in those regions with aspirational buying preferences, said its Vice Chairman and Managing Director Varun Berry. The rural market is "very important" for Britannia, where the maker of Good Day, Marie Gold, and Tiger biscuits reported growth in double-digits in the latest April-June quarter, and is now amplifying reach through direct distribution to have a "continuous stream" of products being available in those far-flung markets, he added. Britannia, which was an urban-centric company, now gets around 40 per cent of its sales from rural markets, Berry said, adding that rural is now growing ahead of urban markets, and this trend is expected to continue. "Our split between urban and rural was something like 75 per cent and 25 per cent. Now, we have gotten to a 60-40 split. It is still in favour of urban, but slowly, ...

Patel Retail IPO opens today: Analysts offer mixed views; should you apply?

Patel Retail IPO: Ahead of the issue, the company has allotted 1.7 million equity shares to various funds at ₹255 per share

Patel Retail IPO opens on Aug 19: Key risks, strengths you must know

Patel Retail IPO will open for bidding on Tuesday, August 19 and close on Thursday, August 21, 2025.

DMart shares sink 4% as Q1 revenue growth misses street forecast

Avenue Supermarts shares fell nearly 4 per cent on Thursday after its first-quarter revenue growth fell short of expectations

Croma appoints Shibashish Roy as new CEO and MD, effective April 1

Tata Group retail chain Croma on Monday announced the appointment of Shibashish Roy as its new Chief Executive Officer & Managing Director, effective April 1. Roy was named CEO in November 2024 and worked alongside outgoing Managing Director Avijit Mitra during a transition period that concluded in March 2025, Croma said in a statement. He has over 20 years of experience in Tata Group companies and has been instrumental in expanding Croma's market presence and improving its customer service approach across different sales channels, it added. "Shibashish has been transitioning into the role of CEO & MD over the past five months, following the succession plan announced late last year... I am certain Shibashish's digital-first approach and passion for customer engagement will drive Croma to great heights and look forward to working with him," Infiniti Retail Ltd Chairman Naveen Tahilyani said. Infiniti Retail Ltd operates organised consumer durables and electronics chain in India

Japan's Seven & i finalising plan for president Isaka to step down

President Ryuichi Isaka will resign and his replacement is almost certain to be director Stephen Dacus

Analysts cut targets for Trent amid slowing growth, weak consumer sentiment

While Trent reported strong profit and revenue growth, several brokerages have slashed their target prices, citing slowing growth momentum and weak consumer sentiment

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

V-Mart faces tough road ahead despite promising June quarter: Nuvama

The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.

Shoppers Stop Q3 profit down 41% to Rs 37 cr, revenue up 8.8% to 1,237 cr

Retail chain Shoppers Stop on Thursday reported a decline of 41.26 per cent in consolidated net profit at Rs 36.85 crore in the third quarter ended December 2023. The company had posted a net profit of Rs 62.74 crore in the October-December period a year ago, according to a regulatory filing from Shoppers Stop. However, its revenue from operations was up 8.83 per cent to Rs 1,237.52 crore during the quarter under review. It was Rs 1,137.07 crore a year ago. Its total expenses in the December quarter were up 10.62 per cent to Rs 1,189.96 crore. Total revenue at Shoppers Stop, which includes other income, was at Rs 1,240.88 crore, up 6.83 per cent. During the quarter, it added 13 stores which include four department stores, four beauty, four Intune and one airport store. "With considerable slowdown on discretionary spending, we have demonstrated notable resilience in these tough conditions. Our company has delivered admirable financial results with a sales growth of 7 per cent desp

Moth to a flame: Why are retail traders inexorably drawn to derivatives?

Why do sensible traders use these? Some hedge using F&O. Others play news-based events

Philippines raises $1.3 billion from sale of retail dollar bonds

The government sold its maiden retail dollar bonds in October 2021, when it raised $1.6 billion

Retail chain Shoppers Stop targets double-digit revenue growth in FY24: CEO

Calvin Klein in India, are also doubling down on smaller cities to tap the growing middle class

Shoppers Stop's consolidated net profit at Rs 14.26 cr in March quarter

Retail chain Shoppers Stop Ltd on Wednesday reported a consolidated net profit of Rs 14.26 crore for the fourth quarter ended March 31, 2023. The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations was at Rs 923.90 crore during the period under review as against Rs 713.34 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 928.78 crore. In 2022-23, revenue from operations was Rs 4,022.13 crore. The company operates 98 department stores, 7 premium Home Stores, 142 specialty beauty stores of M.A.C, Este Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty and 23 Airport doors. Shoppers Stop stock on Wednesday settled at Rs 617.70 on BSE, down 0.64 per cent from the previous close.

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

Amazon to delist Appario as seller, renews Frontizo JV for 3 years

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

Subprime borrowers must keep credit utilisation ratio under check

They must also avoid applying for too many loans within a short span

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Shoppers Stop Q1 net profit at Rs 22.83 cr, sales up to Rs 948.44 cr

The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago, said Shoppers Stop in a regulatory filing.

Amazon letter accuses Future group of fraud, seeks forensic audit

E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL