Marico’s Growth all about Brands – Saffola, Parachute, SetWet, Zatak and Kaya Clinics
Marico consumer products company and owner of Kaya Skin and Hair clinic retail chain saw healthy growth in many segments of its business.
Marico reported strong volume traction in coconut oil, value added hair oil and Saffola (edible oil). Parachute coconut oil in rigid packs reported a strong 18% YoY growth in volumes. The company improved its market share by 340bps in the coconut oil market to 56.5% during the quarter. Parachute Advanced Body Lotion has now been launched nationally and (more…)
Indian Retailers in Troubled Waters – Deterioration in Spending
The Indian Retail Sector one of the vibrant pillars of Indian Economy with consumption story to cater to a Billion population is going through turbulent times evident from growing discounts as consumer Discretionary Spending Deteriorated, which is unlikely to improve in the short term. Adding to Retailers woes is the downward revision of GDP due to policy paralysis by erstwhile FM Mr. Pranab Mukherjee.
The Retail Sector saw a downgrade to negative from stable by Fitch as funding requirements of (more…)
DLF Grand Mall – Mehrauli-Gurgaon – Review
DLF Grand Mall is prominently located close to the junction of Mehrauli-Gurgaon and Faridabad-Gurgaon Road. Designed by the renowned architect Hafeez Contractor, it is a prime example of superior design and efficient space planning besides having a stunning glass facade.
Tata Westside is the anchor store coupled with brands like the Landmark Book Store, Magppie, Noritake and X-Box, to name a few. The shopping mall features all convenience factors like centrally air-conditioned climate control, adequate number of service and freight lifts, easy (more…)
Reliance Footprint Scores a Century – Offers upto 60% Discount Sale
Reliance Retail promoted Reliance Footprint now has 100 shoes stores across India. Reliance Footprint is a Multi Brand Outlet which offers over 50 international, national and Reliance brands including Alberto Toressi, Buckaroo, Clarks, Franco Leone, Ganuchi, Hush Puppies, ID, Lee Cooper, Mancini, Pavers, Provogue, Red Tape, Samsonite, Woodland for men. Bonjour, Catwalk, Clarks, Hi-attitude, Inc 5, Orange, Rocia, Tosca, Towlips etc for women. (more…)
Fewer Marriage Dates Disappoint Titan’s Tanishq + GoldPlus Sales
Titan Industries first quarter performance was below our expectation due to a sharp fall in wedding dates (the lowest in last eight years) and consumer sentiments as Gold continues to stay at an all time high. Customer growth decline of 2.4% YoY is a negative for the business. Average gram / bill has been declining by ~10% since last few quarters.
The company witnessed 21% YoY decline in jewellery volume on high base of 32% and (more…)
Yum Brands’ Focus on Pizza Hut + KFC + Taco Bell
Yum! Brands (Yum), world’s leading quick service restaurant [QSR] chain with brands like KFC, Taco Bell and Pizza Hut. Yums Same Store Sales [SSS] growth has been around 10% while Jubiliant owned Dominos has been reporting over 25% in the last several quarters.
Yum has 471 stores in India comprising 208 KFC stores, 166 Pizza Hut casual dining, 94 Pizza Hut Home Service and three Taco Bells. Pizza Hut Home Service has been growing at (more…)
Gloria Jeans Coffee in Black – To Add 30-40 Cafes on Franchisee Model
Australia Coffee chain Gloria Jeans which started operations in India 4 years ago has managed to breakeven. Gloria Jeans Coffee in India has a Master Franchise Citymax Hospitality.
GJC in India is growing at 10% YoY slightly below the Market Average. The company plans to add 30-40 outlets in India every year on a Franchisee business model. It hopes to reach 250 stores within the next 4 years. (more…)
Dominos Same Store Sales Softens for First Time + Online / Mobile Sales Contribution 14%
Dominos Pizza witnessed moderated growth of 22% during the quarter [June-12] after 9 quarters of25%+ SSS growth due to weakening consumer demand. Management noted that they have witnessed some sluggishness in consumer demand during the quarter which made an impact of couple of percentage points on same store sales growth.
Company has been combating these signs of demand sluggishness with initiatives such as higher on-the-ground marketing, aggressive promotions, continuous product portfolio refreshes, and foray into new distribution channels such as online, mobile application platform, etc. (more…)