Franchise Business Opportunities In India

ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/itc-q2-net-profit-falls-20-as-high-taxes-keep-margins-in-check/135478870

Ferrero sees India as a key market, expecting its growth in the premium chocolate segment. The company aims for sustainable growth, expanding its brand portfolio, strengthening distribution and building a sustainable growth trajectory. The company plans to enhance its presence in smaller cities, through wider retail distribution and e-commerce platforms. They are tapping into the Indian traditions and consumer aspirations through targeted campaigns. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/ferrero-sees-india-entering-top-10-global-markets-bets-on-premiumisation-ramps-up-product-launches/135442429

In India, Millennials are leading the adoption of artificial intelligence for shopping, with 84 percent using AI tools. Gen Z follows closely at 74 percent, showcasing a growing trend across age groups. The report reveals that India ranks second globally for AI shopping adoption, with 76 percent of consumers utilizing such tools. Trust in AI-powered shopping is notably high in India, with 87 percent expressing confidence in AI tools. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/millennials-lead-ai-shopping-adoption-in-india-at-84-pc-ahead-of-gen-z-mckinsey/135442757

Gen Zers are embracing self-gifting while shopping for family and friends. Personalised gifts reflecting interests and lifestyles are becoming the norm during festivals. There is an increasing focus on supporting small businesses and understanding product provenance. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/gen-z-rewrites-festive-gifting-with-ai-assisted-picks-artisanal-hampers-and-self-gifting/135442754

United Spirits, the Indian subsidiary of Diageo, was searched by Maharashtra tax authorities due to an investigation. The authorities are probing the misclassification of Scotch imports to determine if companies paid lower tariffs. United Spirits previously faced scrutiny from the Directorate of Revenue Intelligence in an industry-wide inquiry. Despite the searches, the company stated there was no impact on its financial and operational activities. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/diageos-india-unit-searched-as-state-tax-officials-review-scotch-imports/135387915

Nike has introduced the Vegam Run, its first running shoe tailored for the Indian market. Priced at Rs 3,795, it aims to attract more consumers during a time of increasing running participation. As global sportswear brands recognize the expanding market, both Asics and Adidas are also enhancing their offerings in India. While Asics plans significant growth, Adidas is expanding its manufacturing footprint in the country. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/sportswear/indias-running-boom-has-nike-asics-sprinting-for-the-next-10-billion/135338371

Karwa Chauth shopping is expanding beyond north India, with direct-to-consumer sales on GoKwik’s network rising 64% year-on-year in the six days before the festival. Demand for festival-labelled products grew sharply in central, western and eastern India, creating opportunities for brands across jewellery, beauty and ethnic wear. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/karwa-chauth-shopping-spreads-beyond-the-north-as-d2c-sales-surge-64/135338203

Indian apparel retailer Raymond Lifestyle posted an around 10% drop in second-quarter profit on Wednesday, hurt by rising raw material costs and higher spending on from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/indias-raymond-lifestyle-profit-drops-on-higher-costs/135289588

Indian jewellers are delaying gold purchases ahead of the festive season, betting that prices will fall further after dropping below $4,000 an ounce. MMTC-PAMP India says large jewellery chains remain cautious, while higher import duties, subdued rural demand and tighter import rules are expected to weigh on gold demand and imports during the October-December quarter. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/india-jewellers-hold-off-gold-buying-betting-prices-will-drop/135250217

Tata Group's Trent has entered into a licensing agreement with Caffe Nero to establish cafes in their retail stores. This decision follows unsuccessful negotiations with Tata Starbucks over a similar partnership. The differences included store formats, locations, and the desired prominence of the Starbucks brand. The terms of the Caffe Nero deal remain undisclosed, with potential for significant expansion in India. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/a-fresh-brew-trent-set-to-serve-up-caffe-nero-at-westside-zudio-outlets/135223386