India’s luxury promise hits a wall: not enough malls to shop in
MUMBAI/PARIS: In India’s rapidly growing economy, millions of newly affluent consumers are fuelling demand for bags and accessories from the likes of Louis Vuitton, Chanel and Dior. But getting to a store can be a problem - there aren’t that many of them. With nearly 1.5 billion people and an economy growing more than 6%, India is expanding faster than China, the luxury industry’s growth engine for over a decade. That said, top brands are struggling to expand amid a severe shortage of high-quality retail space. India only has three true luxury malls: two in New Delhi - the Emporio and the Chanakya, owned by real estate developer DLF, and the Jio World Plaza in Mumbai, owned by the Reliance conglomerate. “We have regular requests from the parent companies - from LVMH Group, from Kering, from Richemont - to give them more space for the brands they want to get into India,” said Saurabh Bharara, head of luxury malls at DLF. “We have top 15 brands that are ready to enter India, if we give them space tomorrow,” he said, but added there was “zero availability” right now.
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Aryaman Birla: From Ranji Cricketer to RCB Chairman in a Landmark Acquisition
New Delhi: Aryaman Vikram Birla will become the new chairman of the Royal Challengers Bengaluru after a consortium led by the Aditya Birla Group and Times Internet Limited acquired the defending Indian Premier League (IPL) and Women’s Premier League champions for Rs 16,660 crore. Bolt Ventures (Bolt) and Blackstone’s perpetual private equity strategy (BXPE, Blackstone) are the other members of the consortium that have jointly bought the RCB , one of the eight original franchises of the IPL that was formed ahead of the inaugural edition in 2008. Aryaman, the son of chairperson of Aditya Birla Group Kumar Mangalam Birla, is a former cricketer who played for Madhya Pradesh in domestic cricket. Aryaman enrolled himself for district trials in Madhya Pradesh in 2014. Prior to that, he had a three-month stint in England under former Middlesex cricketer Paul Weekes, playing for West Hampstead Cricket Club and the London Schools Cricket Association. He spent four years in the junior circuit in Madhya Pradesh and also captained the MP U23 team, before being handed a Ranji Trophy debut in October 2017.
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Aditya Birla Fashion and Retail Strengthens its Value Fashion Offering, Scaling OWND!’s Retail Footprint
Mumbai (Maharashtra) [India], March 24: OWND!, the Gen-Z focused fashion brand from Aditya Birla Fashion and Retail Limited, has reached a significant milestone with 75 stores across India. The brand has entered Mumbai with the launch of two new stores, marking an important step in its growth journey as it continues to build a strong presence in key fashion-forward markets.
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Brief Equities Bottom-Up: Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD and more
In this briefing: Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Fraser and Neave Limited Initiation Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth Aditya Birla Fashion & Retail Ltd - New Businesses Offset Cyclical Softness; Maintain HOLD 1. Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Steady Growth Led by Volumes: Jyothy Labs delivered a steady Q3FY26 performance, with revenues rising 5% YoY to Rs 740 Cr, underpinned by healthy volume growth of 7.2%. Rural demand remained firm, while urban consumption showed early signs of recovery, aiding a gradual improvement in overall volume momentum. General trade traction improved during the quarter, and quick commerce continued to scale rapidly, emerging as an increasingly relevant growth channel for the company. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.
cityfalcon.com
Brief India: Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD and more
In this briefing: Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Mahanagar Gas Ltd - Largely Inline Q3; Volume Growth on Track Embassy Office Parks REIT Ltd - Q3FY26: Strategic Expansion and Rental Upside to Drive Growth Aditya Birla Fashion & Retail Ltd - New Businesses Offset Cyclical Softness; Maintain HOLD ITC - Is It Time for Contrarian Investors to Enter? 1. Jyothy Labs Ltd - Volumes Drive a Steady Quarter; Maintain HOLD Steady Growth Led by Volumes: Jyothy Labs delivered a steady Q3FY26 performance, with revenues rising 5% YoY to Rs 740 Cr, underpinned by healthy volume growth of 7.2%. Rural demand remained firm, while urban consumption showed early signs of recovery, aiding a gradual improvement in overall volume momentum. General trade traction improved during the quarter, and quick commerce continued to scale rapidly, emerging as an increasingly relevant growth channel for the company. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.
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