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CaratLane posts Rs 883 Cr revenue in Q4 FY25

EntrackrEntrackr · 1m ago
CaratLane posts Rs 883 Cr revenue in Q4 FY25
Medial

Omnichannel jewellery brand CaratLane recorded 23% year-on-year growth during the fourth quarter of the last fiscal year. Moreover, its EBIT reached Rs 70 crore during the same period. CaratLane's total income (excluding bullion and digital gold sales) surged to Rs 883 crore in Q4 FY25, up from Rs 717 crore in Q4 FY24. These figures were reported in Titan’s quarterly results, sourced from the National Stock Exchange (NSE). The studded jewellery category posted a 19% growth, while other segments—including gold jewellery, gold coins, and others—registered a higher growth of 44% during the same period. According to the company's press release, CaratLane added 17 new stores in India, bringing the total to 322 stores across 139 cities. During the quarter ending March 2025, CaratLane had one international store in New Jersey, United States. With a 22% growth in brand searches, CaratLane’s EBIT stood at Rs 70 crore during Q4 FY25, with a margin of 7.9%. Notably, Titan's total jewellery business, including Tanishq and Mia, grew by 25% to Rs 11,232 crore in Q4 FY25. Its domestic (India) business grew by 23% to Rs 10,845 crore during the same period. During FY25, CaratLane posted a 24% year-on-year increase in revenue, rising to Rs 3,583 crore from Rs 2,889 crore in FY24. However, its earnings before tax (EBT) stood at Rs 296 crore, recording a margin of 8.3% for the same period. CaratLane directly competes with Bluestone, Giva, and Melorra. Last month, Bluestone secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), as the firm plans to raise Rs 1,000 crore through a fresh issue of equity shares.

H&M vs. Zara vs. Uniqlo: Tracking their growth in India during FY24

EntrackrEntrackr · 4m ago
H&M vs. Zara vs. Uniqlo: Tracking their growth in India during FY24
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.

CarTrade posts Rs 169 Cr revenue in Q4 FY25, profit jumps 2X

EntrackrEntrackr · 1m ago
CarTrade posts Rs 169 Cr revenue in Q4 FY25, profit jumps 2X
Medial

CarTrade has released its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Wednesday. The company reported a 17% year-on-year revenue growth compared to Q4 FY24, with profit doubling in the same time period. CarTrade’s revenue from operations grew 17% to Rs 169 crore in Q4 FY25 in contrast to Rs 145 crore in Q4 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange. For the full fiscal year ending March 2025, CarTrade’s revenue rose 31% to Rs 641 crore. Including other undisclosed income, its total income for Q4 FY25 grew to Rs 189 crore, up from Rs 161 crore in Q4 FY24. The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 37% of the total operating revenue which increased to Rs 63 crore in Q4 FY25 from Rs 49 crore in Q4 FY24. Income from the remarketing and classified segment stood at Rs 59 crore and Rs 47 crore, respectively, in the fourth quarter of the ongoing fiscal year. During the full fiscal year (FY25), income from the consumer segment stood at Rs 238 crore, whereas collection from the remarketing and classified segment stood at Rs 212 crore and Rs 192 crore, respectively. On the expense front, employee benefits expenses formed 52% of the overall spending which went up a modest 6% to Rs 71 crore during the period. Including other costs, CarTrade’s overall expenses increased 4% to Rs 136 crore in Q4 FY25 from Rs 131 crore during Q4 FY24. On a fiscal-on-fiscal year basis, its overall expenses increased to Rs 543 crore in the last fiscal year from Rs 457 crore in FY24. The decent growth and controlled spending enabled CarTrade to double its net profit to Rs 46 crore in Q4 FY25, compared to Rs 23 crore in Q4 FY24. On a fiscal basis, the company’s profit spiked to Rs 145 crore in FY25. CarTrade recorded a 5.8% hike in its share price today and is trading at Rs 1,721 (as of 12:50) with a total market capitalization of Rs 8,168 crore.

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns

Economic TimesEconomic Times · 1y ago
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
Medial

DoorDash reported higher-than-expected revenue in Q1 due to increased U.S. grocery orders offsetting slower restaurant demand. Despite this, the company's shares fell 12% as investors expressed concerns about rising costs. DoorDash's net loss in Q1 narrowed to $23 million, but it was higher than the forecasted loss. The company also increased marketing expenses and research costs. DoorDash expects pretax earnings of $325 million to $425 million in Q2, lower than analysts' forecast. The company's revenue rose by 23% to $2.51 billion, beating expectations. DoorDash's total orders increased by 21% to 620 million, with significant growth in U.S. grocery orders. However, the value of U.S. restaurant orders grew at a slower pace. Additionally, new minimum wage rules in New York and Seattle affected DoorDash's sales, resulting in reduced orders.

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