A 2018 report by WaterAid, a global advocacy group on water and sanitation, reveals that India harbors 163 mn people who do not have access to clean water, the highest in the world followed by Ethiopia with over 60 mn people. It also notifies that the burgeoning global population without access to clean water has increased to 844 mn. The report blames lack of...
Increasing awareness about superior functionality of technical textiles and rising demand for quality is expected to drive 20% growth (yoy) in Indian technical textile industry - current market size of ~Rs 1160 bn according to Kavita Gupta, Textile Commissioner, GOI. To tap the growth opportunity of this industry, the government has implemented...
Less number of weddings,, large base effect due to GST and reduction in average selling price of apparel Rs 264 ($3.9) in Q1FY19 vs Rs 269 ($4.2) in Q1FY18- translated to a restrained topline expansion up by 14.6% (yoy) last quarter, with sales per square feet declining by 4.5% (yoy) to Rs 874 ($13.0). Despite promotions, superior branding and wider merchandise, same store sales growth, both in value and volume terms, fell drastically to 1.2% and...
Talwalkars Better Value Fitness Limited (TBVFL) - the old entity - has demerged its business two companies - a gym company and a lifestyle company with the aim of maximizing the overall shareholder value. The gym...
Fostered by increased OEM demand, Jamna's sales more than doubled in Q1to Rs 562.19 crs ($83.9m) compared to Rs 271.37 crs ($42.1m) in the same period a year ago. OPMs expanded too (though down sharply from 15% in Q4FY18) from 11.2% to 13.4% helped by disproportionate growth in other expenses (+80.9%). Post tax earnings climbed by a...
