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News on Medial
Trent expands into beauty retail with new Zudio format: Report
Money Control
·
10m ago
Medial
- Trent Ltd, a subsidiary of Tata Group, has entered the mass-priced beauty segment with the launch of its new standalone store format, Zudio Beauty. - Zudio Beauty will directly compete with established players such as Hindustan Unilever's Elle18, Sugar Cosmetics, Health & Glow, and Colorbar. - Trent Ltd previously ventured into the high-end cosmetics space with Tata Cliq Palette stores and also founded India's first beauty brand, Lakme. - This expansion into the affordable beauty space taps into a growing market segment, as most competitors focus on premium and luxury categories. - The first Zudio Beauty store has already opened in Bengaluru, with plans to expand to other major cities like Gurugram, Pune, and Hyderabad. - Trent's Zudio brand has been a significant contributor to the company's growth, surpassing Westside in revenue and now accounting for over a third of Trent's total revenue.
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Related News
The Noel Tata interview: Why Trent boss thinks selling apparel online is hard
Livemint
·
11m ago
Medial
The Tata Group's retail subsidiary, Trent Ltd, is experiencing rapid growth in its apparel retail chains, Westside and Zudio. The company, chaired by Noel Tata, has seen increased profitability and market capitalization, with plans to further expand its grocery retail vertical, Star Bazaar. Trent's success is attributed to its focus on customer proposition and service, as well as its expertise in developing private label brands. Despite challenges faced during the COVID-19 pandemic, Trent has continued to invest in new properties and remains committed to organic growth rather than acquisitions. The company aims to tap into the potential of India's retail market and is optimistic about its future prospects.
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Reliance Retail-Owned Tira Expands Beauty Offerings With Nails Our Way Roll Out
Inc42
·
1y ago
Medial
Tira Beauty, owned by Reliance Retail, has expanded its beauty offerings with a new private label brand called Nails Our Way. The brand features a range of premium nail colour and care products designed to encourage self-expression and creativity. The collection includes nail enamels in various shades, essential nail care products, nail enamel removers, and complete manicure kits. Launched in April 2023, Tira Beauty is an omnichannel beauty retail platform that competes with players like Nykaa, Tata Cliq Palette, and Sephora in the Indian market. The beauty and personal care industry in India is attracting significant investment and is projected to reach $38 billion by 2028.
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Trent could grow 10-times its current size, Noel Tata says
Livemint
·
11m ago
Medial
Noel Tata, Chairman of Trent Ltd, believes that the company has the potential to grow "ten times" its current size. Although he did not provide a specific timeline for this growth, he expressed optimism about the company's future. Investor interest has driven Trent's stock to a 52-week high, with a market capitalization of over ₹2.40 trillion. Trent's successful apparel store, Zudio, has contributed to its impressive financial performance, with revenue increasing by 54.2% in the last year. Additionally, Trent's grocery retail vertical, Star Bazaar, is breaking even and will be expanded to drive further growth.
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Nykaa sees a bright spot in beauty bet, in GCC
Livemint
·
1y ago
Medial
Beauty retailer Nykaa is expanding into the Gulf Cooperation Council (GCC) market through a partnership with UAE retail conglomerate Apparel Group. Nykaa has launched an e-commerce website called Nysaa and opened its first physical store in Dubai. The company plans to establish a significant presence in the region by replicating its domestic omnichannel beauty strategy. Nykaa sees the GCC region as a significant opportunity due to the high per capita spend on beauty and personal care products and a large female population. The partnership with Apparel Group will help Nykaa leverage its extensive retail network in the UAE and other GCC countries.
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Reliance Forays Into Beauty Accessories Space With Tira Tools
Inc42
·
1y ago
Medial
Indian beauty ecommerce platform Tira, owned by Reliance Retail, has launched its first in-house brand called Tira Tools. The brand will offer a range of beauty accessories including brushes, face rollers, and beauty sponges, catering to both beauty enthusiasts and professional makeup artists. Tira Tools will be sold both online and offline, and aims to tap into the growing beauty and personal care market in India, which is projected to reach $38bn by 2028.
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Nykaa grants 4.73 lakh shares under Esop scheme
Economic Times
·
1y ago
Medial
Nykaa, the beauty and fashion retail brand, has allotted 473,138 equity shares under its employee stock option plan (Esop). The shares were valued at nearly Rs 8.08 crore. This comes as Nykaa aims to continue its industry-leading growth in the $90-billion beauty market. In the previous quarter, Nykaa reported a 187% increase in consolidated net profit to Rs 6.9 crore. The company is also looking to expand into new businesses to further enhance its market presence.
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V2 Retail's Akash Agarwal on tackling competition in value fashion retailing and more
VCCircle
·
1y ago
Medial
V2 Retail, a budget clothing retailer, is preparing to compete with other value fashion brands, particularly Tata Group's Zudio. They are focusing on customer needs by offering a fresh product assortment, an in-house design team, and showrooms that match the look and feel of other popular brands in the market. Akash Agarwal, the director of V2 Retail, shares insights on how they are tackling competition in the value fashion retailing segment.
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Can 10-minute delivery beat the kirana?
Inshorts
·
2m ago
Medial
Quick commerce is redefining urban retail with lightning-fast delivery models that promise groceries and essentials within 10 to 30 minutes. While traditional kirana stores rely on relationships and credit, q-commerce wins on speed and convenience. This new format blends tech, micro-warehousing, and data to meet instant needs challenging age-old habits and reshaping buying patterns.
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Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein report
Economic Times
·
7m ago
Medial
India's quick commerce sector is projected to expand significantly in 2025, diversifying beyond groceries into new categories and cities, particularly smaller ones, as detailed in a Bernstein report. The industry is expected to grow by over 75% annually, outpacing traditional retail. Quick commerce's proximity, pricing, and selection advantages are attracting consumers, with notable growth in D2C brands. Its expansion is transforming India's retail landscape, enhancing convenience and accessibility across products and regions.
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TVS Srichakra expands exclusive retail stores of Eurogrip Tyres in Chennai
Economic Times
·
1m ago
Medial
TVS Srichakra Ltd, under its Eurogrip Tyres brand, has expanded its retail presence in Tamil Nadu with two new flagship stores in Chennai's Selaiyur and Villivakkam. These stores, offering tyre fitment, care, and allied services, mark part of the company's initiative to cater to a growing customer base. With additional services like lubricant and engine oil changes, TVS Srichakra is set out to increase its exclusive retail footprint across more cities.
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