Despite several studies indicating high prospects of luxury segment in India and even several luxury labels making a beeline to enter the country, domestic partners of foreign luxury labels in the country saw their net profit margins decline in the fiscal year 2013/2014. Luxe brands count losses Luxury […]

Future Lifestyle Fashions, a part of Kishore Biyani’s Future Group, has acquired majority 60 percent stake in footwear firm Elisir Lifestyle for an undisclosed amount. “The company has acquired 60 percent stake in Elisir Lifestyle, a company engaged in business of manufacture, supply and […]

In its unaudited standalone financial results for the second quarter ending September 30, 2014, leading textile major, Arvind registered a 4.13 percent year-on-year rise in net profits. The company’s standalone net profits grew to Rs 97.14 crores during the quarter under review from Rs 93.28 crores […]

CMAI’s Apparel Index this quarter clearly sets apart the performance of two sets of brands. First, the ‘Big Brands’, those with a turnover of Rs 25 crores and above, and second the ‘Smaller Brands’ those with turnovers between Rs 10-25 crores. While the former scored an […]

NDTV’s e-commerce business Indianroots.in has reported revenues of Rs 2.28 crore for the quarter ended September 3, 2014, as compared to revenues of Rs 0.52 crore in the same quarter last year and Rs 4.43 crore revenues in the previous quarter. The company has posted a loss before tax of Rs 3.16 […]

Future Lifestyle and Fashions Ltd (FLFL) registered a net profit of Rs 6.98 crore for the second quarter of 2014-15 fiscal the company said in a BSE filing. The company had reported net profit of Rs 108.90 crores in corresponding period of the previous fiscal. During July-September 2014, FLFL's net […]

Footwear retailer Bata India has reported a 3.77 percent increase in standalone net profit at Rs 39 crores for the third quarter due to higher expenses. The company, which follows January-December financial year, had reported net profit of Rs 37.58 crores in July- September quarter of last year, Bata […]

Aditya Birla Retail (ABRL), after seven years into the business, could not control its losses, which widened to Rs 596 crores during the year ended March 2014 compared to Rs 510 crores a year ago. While sales more than doubled at Rs 2,510 crores after merging its arm Trinethra Super-retail in the company. […]

Kewal Kiran Clothing's (Kewal Kiran's) second quarter revenues in FY15 were in line but earnings were below CRISIL Research's estimates. Driven by a 5.2 percent year-on-year growth in apparel volumes, revenues grew 11.4 percent to Rs 1,298 million. Owing to an increase in raw material cost as a percentage […]

REPORT_ During the third quarter of 2014, the Adidas Group continued to deliver robust top-line results. Group revenues increased 9 percent on a currency-neutral basis, driven by a double-digit sales increase in retail and a high-single-digit revenue growth in wholesale. All regions, except North America, […]

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