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M&M likely to post 20% revenue growth
Thehindubusinessline
·
1y ago
Medial
Indian automaker Mahindra & Mahindra (M&M) is expected to report a strong growth in revenue and automobile volume. Analysts predict a 20% increase in revenue compared to the same period last year and a 6% sequential growth. The company's revenue share in the tractor segment is expected to rise to 26% in the December quarter. However, profit after tax (PAT) is expected to grow by 5% YoY but fall by 26% sequentially. Analysts will closely monitor pricing actions and demand trends to gauge the company's performance.
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H&M vs. Zara vs. Uniqlo: Tracking their growth in India during FY24
Entrackr
·
6m ago
Medial
H&M vs. Zara vs. Uniqlo: Tracking their growth in India during FY24 While Indian apparel brands like Rare Rabbit are making inroads into the Indian middle-class wardrobe, a significant portion of millennials and middle-class consumers continue to prefer global fashion brands such as Zara, H&M, and Uniqlo. The growth of these international brands is the result of rising disposable incomes, rapid urbanization, and an increasing demand for evolving fashion trends. According to the McKinsey Fashion Growth Forecasts 2025, retail sales of luxury brands in India is poised to outnumber the US, Europe, and China in terms of growth. The report highlights that luxury brands in the country will rise by 15-20% year-on-year in 2025, faster than the US (3-5%), Europe (1-3%), and China (0 to -3%). Uniqlo has recorded higher year-on-year growth compared to Zara and H&M in India. However, the Japanese brand has been in the country for only five years, whereas the other two (Zara - 2009 and H&M - 2015) have been operating in the Indian market for a much longer period. To learn the growth of these three global brands, Entrackr has dived deep into their annual financial results for the last fiscal year (FY24). Hennes & Mauritz India (H&M) led the pack with Rs 3,278 crore in revenue for FY24, registering an 11.4% YoY growth from Rs 2,942 crore in FY23. The brand's entire revenue came from apparel, accessories, and footwear sales. Currently, it operates 64 stores across India. Its competitor, Zara, secured the second spot with Rs 2,769 crore in revenue for FY24, reflecting an 8.4% increase from Rs 2,554 crore in FY23. Like H&M, Zara generates revenue from apparel, accessories, and footwear sales and currently operates 21 stores across India. Uniqlo entered the Indian market after launching its first store in Delhi in 2019. The brand recorded Rs 815 crore in revenue for FY24, marking a 31% YoY growth from FY23. It currently operates 15 stores across India. In terms of expense distribution, procurement costs accounted for 42.2% of H&M's total expenses, 70% for Zara, and 55.2% for Uniqlo. Meanwhile, employee benefit expenses stood at Rs 150 crore for H&M, Rs 81 crore for Zara, and Rs 82 crore for Uniqlo. Ultimately, Zara reported a profit of Rs 244 crore, while H&M and Uniqlo recorded profits of Rs 7 crore and Rs 85 crore, respectively. Notably, their expenses towards support fees and royalties to parent entities stood at Rs 190 crore for Zara, Rs 865 crore for H&M, and Rs 27 crore for Uniqlo. Notably, the average revenue per store for H&M, Zara, and Uniqlo stood at Rs 51.2 crore, Rs 54.3 crore, and Rs 131.9 crore, respectively. The sales per store numbers reflect the premium perception around these stores, with Zara and Uniqlo generating higher same-store sales. However, the 'mature' growth rates for Zara and H&M are a warning sign for Uniqlo as it increases the number of stores. Zara’s far higher profits and margins testify to the strong loyalty and brand salience it enjoys, while Uniqlo has turned in an equally strong performance. H&M is placed in a more fragile position in terms of margins and perception, where homegrown brands like Zudio could attract many of its buyers. It is expected that FY25 will see these strengths and weaknesses play out, with Zara and Uniqlo likely to widen the gap on margins, while reducing the gap on sales with H&M, unless the latter finds a new growth phase with sharper differentiation.
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Can bring in a hybrid in a ’reasonable’ time frame if market demands: M&M’s Anish Shah | Mint
Livemint
·
1y ago
Medial
Mahindra & Mahindra (M&M) is confident in its ability to bring a hybrid SUV to market in a reasonable timeframe and expects a strong demand for its upcoming electric vehicle range. The company's CEO, Anish Shah, stated that M&M can meet consumer demand for hybrids or other powertrains if needed. Shah's comments come amid a renewed interest in hybrid vehicles in India following a government directive on road-tax waiver. M&M reported a 20% YoY increase in operational profit for Q1, with market share gains and strong volume growth in its SUV, light commercial vehicle, and tractor segments.
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Strong ad sales, stable enterprise spending wind beneath Big Tech earnings
Economic Times
·
1y ago
Medial
US technology giants like Microsoft, Alphabet, Facebook, and Amazon are expected to post strong quarterly revenue growth driven by recovery in their enterprise software and digital ads businesses. However, the boost from artificial intelligence (AI) investments may not be significant in the short term. Microsoft is likely to report a rise in revenue from its investment in OpenAI, while other companies may face short-term bottom line impacts from AI investments. Cloud computing growth is expected to show little improvement as clients seek to optimize infrastructure costs.
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Ecommerce M&As Slipped 125% YoY In H1 2024
Inc42
·
1y ago
Medial
In 2020, there were only nine ecommerce mergers and acquisitions (M&A) deals. However, this number skyrocketed to 54 in 2021. The trend continued in 2022 with 59 deals but dropped to 20 in 2023. This decline in M&A activity in the Indian startup space can be attributed to the decreasing funding trends. During times of high funding, many ecommerce companies adopted the Thrasio-style "house of brands" strategy to drive their growth.
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A&M India appoints two former Accenture Strategy execs as MD
VCCircle
·
9m ago
Medial
Professional services and turnaround firm, Alvarez & Marsal (A&M) India, has named Jugnu Sakuja and Shubhra Goel as managing directors. The appointments come as the company aims to achieve five-fold growth over the next five years. Sakuja brings more than 18 years of consulting experience to the role, while Goel has over 20 years of experience in financial services and consulting. A&M provides advisory, business performance improvement, and turnaround management services.
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CURRYiT raises Rs 4.5 Cr in seed round
Entrackr
·
1y ago
Medial
Cooking paste brand CURRYiT has secured Rs 4.5 crore in a seed round co-led by RK Family Trust, Tangent Advisors, and Freeflow Ventures along with participation from Ramesh Damani, Ajaya Jain, and others. CURRYiT had previously raised $139K co-led by RPSG Capital Ventures, IIMU, and others back in 2021. The fresh proceeds will be allocated towards scaling up operations, enhancing brand marketing efforts, and strengthening their distribution channels. According to market research, the Indian ready to cook and spices market is likely to grow at a compounded annual growth (CAGR) of 15.7%. Co-founded in 2020 by Richa Sharma and Nischal Kandula, CURRYIT stamps out the challenges of chemicals, preservatives, dehydrated vegetables and palm oil. It offers a range of cooking pastes including curry pastes such as Kashmiri rogan josh, butter masala, biryani pastes, ginger garlic paste, tomato purees, instant tadka, etc. The Delhi-based company claims to have served more than 25,000 pincodes per day and witnessed over 50% M-o-M growth on Q-commerce platforms. The brand aims to quadruple its monthly revenue in the next 6 months.
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Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal
TechCrunch
·
2y ago
Medial
Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.
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PayPal lifts 2025 profit forecast above estimates as turnaround picks up pace - The Economic Times
Economic Times
·
1m ago
Medial
Under CEO Alex Chriss, PayPal has prioritized profitability over growth, revamping strategies in high-margin businesses like Venmo. The company raised its 2025 profit forecast, exceeding Wall Street estimates, amidst regaining momentum post-pandemic. Venmo's revenue grew 20% in Q2, reflecting PayPal's focus on higher-margin volumes and streamlined costs. Despite competition from Apple Pay and Google Pay, PayPal saw increased transaction margins and resilient consumer spending, aiding financial performance.
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Morocco's CDG Invest Growth to strike a fresh bet from latest fund
VCCircle
·
1y ago
Medial
CDG Invest Growth (CIG), the private equity arm of Morocco's CDG, is expected to make its fourth deal from its latest investment fund. CIG focuses on investing in Moroccan small and mid-sized companies and is likely to acquire a 20% minority stake.
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Bottomline: Drools Pet Food crosses $100 mn in revenue but margins under pressure
VCCircle
·
4m ago
Medial
Drools Pet Food Pvt Ltd, supported by L Catterton, is estimated to have exceeded $100 million in revenue for FY25. Despite achieving substantial sales growth and maintaining double-digit revenue growth, the company's profitability is likely under pressure due to rising input costs, ongoing capacity expansion, and debt obligations. The Chhattisgarh-based pet food manufacturer faces challenges in balancing revenue growth with maintaining healthy profit margins.
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