Latest news with #Mumbai-based
Mint
an hour ago
- Business
- Mint
Foodlink F&B Holdings files DRHP with SEBI for raising funds via IPO
Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Foodlink F&B Holdings IPO is a mix of fresh issue of equity shares of up to ₹ 160 crore and an offer-for-sale (OFS) component of over 1,19,53,535 shares by promoters and investor selling shareholders, according to the draft red herring prospectus (DRHP). The company's promoters - Ankita Chugh, Trans Global Hotels LLP and Sanjay Manohar Vazirani - will offload their stakes as a part of the OFS in the Foodlink F&B Holdings IPO. Arpit Khandelwal, V'Ocean Investments, Oaks Asset Management, Aarkay Investments, Welspun Group Master Trust through its trustee Balkrishan Goenka; Aarin Capital Partners through T V Mohandas Pai and Ranjan Ramdas Pai; and Bona Terra Greenhouses LLP are other investors who will divest their holdings in the company, the DRHP showed. Foodlink F&B Holdings said it may undertake a pre-IPO placement round to raise around ₹ 32 crore. If such a placement is undertaken, then the size of the fresh issue will be reduced. As per the DRHP, the company proposes to utilise the net proceeds from the fresh issue towards setting up two new centralised kitchens and investment in its material subsidiary Foodlink Global Restaurants & Catering Services for setting up four new casual dining restaurants. Funds will also be used for repayment of debt and general corporate purposes. Foodlink F&B Holdings shares are proposed to be listed on both the stock exchanges, BSE and NSE. Equirus Capital and JM Financial are the book running lead managers while MUFG Intime India is the Foodlink F&B Holdings IPO registrar. Mumbai-based Foodlink F&B Holdings (India) is a global luxury food services business focused on providing curated culinary experiences. Its business model comprises events catering, casual dining restaurants & cloud kitchens, and banquets and integrated F&B services. In the events catering business its clientele include Hardcastle Restaurant (master franchisee operator McDonald's in western and southern India), Zee Entertainment and Greenply. It operates 30 casual dining restaurants and cloud kitchens through its flagship brands such as India Bistro, Art of Dum, China Bistro, and Glocal in India and the United Arab Emirates. For the nine-month period ended December 31, 2024, Foodlink F&B Holdings reported a revenue from operations of ₹ 306.38 crore and profit after tax of ₹ 7.39 crore. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
5 hours ago
- Entertainment
- The Hindu
Jonathan Anderson for Dior was a calculated, slightly dishevelled debut
The most eagerly anticipated show of Paris Fashion Week landed quietly but assuredly with Jonathan Anderson's debut for Dior Homme. Front-row seats at the Hôtel National des Invalides were filled by fashion powerhouses and cultural icons alike: Rihanna and A$AP Rocky, Sabrina Carpenter, and Daniel Craig, all lending star wattage to the occasion. After being named artistic director of Dior womenswear just weeks prior, Anderson becomes the first designer since Christian Dior himself to oversee everything: menswear, womenswear, and haute couture at the LVMH flagship. This was not a show trying to impress with scale. It whispered its point, trusting you were listening. The Dior tailoring —impeccable, still — was softened, made breathable. Jackets retained their lines, but with a shrug. Trousers came with a drop down crotch and relaxed, more exhale than exclamation. This was Jonathan Anderson doing what he does best: filtering heritage through instinct, turning formality into something that breathes. 'It's like pulling your favourites from a wardrobe,' says Akshay Tyagi, Mumbai-based celebrity stylist. 'It's got a bit of edge. It's got panache. But it's also easy and chill.' That balance is the essence of what Anderson delivered. Past meets present The official Dior press note framed it as 'a spontaneous, empathetic collusion of then and now… a reconstruction of formality' and that was clear. Donegal tweeds, regimental neckties, and 18th-century-style waistcoats were reinterpreted, not just revived. Diorette charms, delicate florals, and embroidery hinted at Monsieur Dior's love for Rococo romanticism and British culture, but were deployed with a kind of self-aware restraint. 'There's a youthful energy here,' says Dheeraj Reddy, Mumbai-based fashion creator. 'The reconstructed suit shorts, oversized bow ties and flowing capes were sharp but whimsical.' Dheeraj points to the cropped blazers and structured shopper bags as future must-haves. Meanwhile, the military jackets brought back a touch of Kris Van Assche-era (artistic director for Dior Homme from 2007 to 2018) structure, but less rigid. Arson Nicki, a US-based fashion commentator, calls it 'the strongest debut at a couture house in quite some time.' He cites the first look — imperial collars, bar-jacket silhouettes, sculpted cargo shorts, and fisherman sandals — as a thesis in itself. 'It was unmistakably Dior, but also recognisably Jonathan Anderson,' he adds. 'Anachronistic and of-the-moment; challenging and immediate.' Still, one could not ignore the elephant — or rather, the heatwave — in the room. Europe has been burning through summers in recent years, which made Anderson's use of heavy outerwear — full-length capes, trench coats, and tailored layers — feel at odds with the spring/summer label. Strip it down, though, and there is plenty that works: tailored striped shorts, cropped waistcoats, and a standout white jumpsuit that looked like it was plucked from naval history. The white jumpsuit with the black tie and backpack, which could be a hit among GenZ, was a sleek fashion moment—it echoed the union suit, a one-piece undergarment worn by sailors and workers in the 19th and early 20th centuries. Anderson's version, minimalist and sharply cut, felt like a modern-day wink to that utilitarian history. Less costume, more quiet reference. It is safe to say the collection flirted with commercial polish, occasionally wavering between clarity and contradiction. There were shades of Hedi Slimane-era Dior Homme in there — boyish, skinny, insouciant — but Anderson's voice stayed intact. A first show does not have to solve it all. Anderson's Dior debut was a careful tune-up. A calculated start for a new chapter —one that may speak louder with time. And in a market that is shifting fast towards quiet luxury, modular dressing, and stylistic fluidity, this collection feels future-proof.
Time of India
6 hours ago
- Business
- Time of India
Morning news wrap: Iran says Israel ran to 'daddy', Bigg Boss star Shefali Jariwala dies of cardiac arrest & more
. Iran's foreign minister Abbas Araghchi took a sharp dig at Israel, saying it had 'no choice but to run to daddy,' referring to US President Donald Trump. Meanwhile, actress Shefali Jariwala has passed away at 42 after suffering a cardiac arrest, leaving fans and the entertainment world in mourning. Uddhav and Raj Thackeray will come together for a joint protest on July 5 against the mandatory teaching of Hindi from class 1 under the new three-language policy in Maharashtra. Tehran taunts Israel; questions Trump's intent on nuclear deal Iran's foreign minister Abbas Araghchi, mocked Israel, saying it had 'no choice but to run to daddy,' a jab at US President Donald Trump. He also questioned Trump's sincerity about seeking a new nuclear agreement. The remarks come amid heightened tensions between Iran and Israel, as both nations trade barbs over Tehran's nuclear program. Read full story Bigg Boss 13 fame Shefali Jariwala passes away at 42 after cardiac arrest Actress and Bigg Boss 13 fame Shefali Jariwala has passed away at the age of 42. As per reports, she suffered a cardiac arrest on the night of June 27 and could not be revived. Best known for her appearance on the reality show and the iconic music video Kaanta Laga, her untimely demise has left fans and the entertainment industry in shock. Read full story India bolsters naval presence with $53 million Lanka shipyard acquisition Mumbai-based defence PSU Mazagon Dock Shipbuilders Ltd is set to acquire a controlling stake in Sri Lanka's largest shipyard, Colombo Dockyard PLC, in a deal worth nearly $53 million. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 선배는 영어성적 어떻게 만들었어요? 파고다어학원 더 알아보기 Undo This marks the company's first overseas acquisition and is expected to significantly boost India's strategic presence in the Indian Ocean Region (IOR). Read full story Uddhav, Raj Thackeray reunite for protest against three-language policy in Maharashtra Uddhav and Raj Thackeray are set to hold a joint protest march on July 5, opposing what they describe as the imposition of Hindi in Maharashtra's schools under the new three-language policy, which mandates teaching Hindi from Class 1. This marks the first time the two leaders will share a political stage since Raj parted ways with Shiv Sena. Read full story Jeff Bezos, Lauren Sanchez get married in lavish Venice ceremony Billionaire Amazon founder Jeff Bezos and journalist Lauren Sanchez tied the knot on Friday in a lavish ceremony on Venice's San Giorgio Maggiore island. The multi-day wedding celebration is expected to wrap up on Saturday with a grand party, reportedly set to take place at the Arsenal. Read full story
Time of India
9 hours ago
- Business
- Time of India
Torrent Pharma revives talks to buy KKR stake in JB Chem
NEW DELHI: Ahmedabad-based Torrent Pharma has revived talks with PE major KKR to buy its stake in Mumbai-based JB Chemicals & Pharmaceuticals in a deal which could cost around Rs 20,000 crore. KKR's nearly 48% stake in JB Chem is valued approximately Rs 13,400 crore at its stock's closing price of Rs 1,803 per share on BSE on Friday. The transaction, which will trigger an open offer by Torrent for up to 26% of the company's stake held by public shareholders, is expected to be finalised soon, sources said. Discussions between KKR and other bidders, including Torrent and Micro Labs, ended last year due to valuation concerns. Efforts to reach Torrent Pharma and JB Chem were futile, and KKR officials were not available for comments. The US private equity major has been seeking to exit its investment in JB Chem for some time, and sources indicated this time the deal with Torrent Pharma is likely to proceed. Typically, private equity firms aim to exit investments within three-to-four years. In March, KKR divested about 7% stake through block deals. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Step-by-Step Warehouse Cleaning Guide SearchMore Learn More Undo In July 2020, the PE major had acquired 54% in JB Chem from the promoters, the Mody family, for approximately Rs 3,100 crore or Rs 745 per share. Post acquisition, the company scaled up its domestic formulations business with a strong growth in cardiac, ophthalmology and anti-parasitic therapies. Over the years, the company ramped up its domestic play and improved its revenue from segments that offer sustainable growth and margins. Using organic and inorganic routes, it launched new products that have helped plug gaps in the business. For 2024-25, JB Pharma recorded a revenue of Rs 3,918 crore, registering 12% growth. With a growth of 12%, it outperformed domestic pharma market, which grew 8%.Its top six brands - Rantac, Cilacar, Cilacar-T, Nicardia, Metrogyl, Azmarda - feature among top 300 domestic brands. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
10 hours ago
- Business
- Mint
DMart eyes higher margins via private labels as quick commerce grows
Bengaluru:Avenue Supermarts Ltd, which operates the DMart retail chain, is expanding its private label portfolio beyond food staples and packaged groceries into home and personal care (HPC) categories, as it looks to improve margins amid rising quick commerce competition and sluggish consumer spending. This move mirrors a broader trend in value retail, where private labels are increasingly being used to drive affordability and protect margins. Private labels are in-house brands often sold at lower prices and are owned and sold exclusively by a retailer. 'Fast moving consumer goods (FMCG) companies are expandingtheir product lines and trying new things, like HUL is cutting back on palm oil, and Nestle teaming up with a drug company for a new recipe," said an equity research analyst working in a Mumbai-based brokerage firm who did not want to be named. Dmart's rival Tata Trent Star Bazaar has built a successful private label category which has more than doubled its revenue from ₹1,798 crore in FY23 to ₹2,699 crore in FY25. In categories where private labels are offered, they now contribute over 70% of sales, up from around 60% two years ago. Vishal Mega Mart, which has a strong presence in tier-II and tier-III cities, reported revenue of ₹10,716.3 crore in FY25. While the company does not break out private label contribution in its financials, industry estimates suggest that 65-70% of its sales come from in-house brands across apparel, footwear, and general merchandise. DMart has started expanding its private labels in categories such as detergents, beverages, soaps, and biscuits under various brand names such as 'Star Bright", 'Sparkle", and 'Bisky Bites", which compete with similar product lines from some of the country's largest fast-moving consumer goods (FMCG) players, including Hindustan Unilever (HUL), Nestlé, and ITC. Mails sent to DMart did not elicit a response until press time. 'DMart is attempting to increase its gross margins by adding private labels in more categories (HPC, foods); this may only partly offset QC-induced footfall and cost pressure," according to a Kotak Institutional Equities Report written by Garima Mishra and Ishaini Swain on 23 June. Private labels According to the report, these private labels now occupy 20-30% of shelf space in select product categories at DMart outlets. The retailer previously restricted private labels to its staple product category under the 'Premia" brand, which was started in 2002. According to the report, these private labels are priced about 30-70% lower than some of the branded FMCG products. This underscores the retailer's vision to sell everyday products at 'everyday low prices" to Indian consumers. For example, its private label detergent, Star Bright, costs ₹72 per kg, while P&G's Tide costs ₹125 per kg. Similarly, the retailer's mango juice under the Go Fruit brand sells at ₹34 compared to Parle Agro's Frooti. Founded by billionaire Radhakishan Damani in 2000, DMart opened its first store in Powai, Mumbai, in 2002. Today, it is India's largest retail chain, with a market capitalisation of ₹2.8 trillion. The company went public in 2017 and has built its success by offering consistently low prices. DMart pays wholesalers upfront, often ahead of industry payment cycles and secures deeper discounts, which it passes on to consumers. The company is currently navigating a phase of transition, facing twin challenges: a change in leadership and intensifying competition from quick commerce players. Longtime chief executive officer Neville Noronha, who has been instrumental in building DMart into India's most valuable retail chain, is expected to step down by 2026. He will be succeeded by Anshul Asawa. 'It seems like Asawa might have a significant challenge ahead given the high benchmark that Noronha has set," said the analyst based in Mumbai. The retailer's aggressive push into private labels also coincides with the rapid rise of quick commerce players such as Zomato's Blinkit, Swiggy's Instamart, and Zepto, which have been making inroads in several cities, especially in tier-II and tier-III cities, where DMart has limited presence. According to the Kotak report, there are over 100 cities where one or more quick commerce platforms have a presence, but DMart does not. 'Quick commerce is outpacing DMart Ready, which operates more like traditional e-commerce with one- to two-day delivery. In contrast, quick commerce players deliver within minutes," said the analyst. Increasing coverage DMart currently has stores across 152 cities, while Blinkit operates in 194 cities, followed by Instamart and Zepto that are present across 116 and 73 cities.'In urban and metro markets, quick commerce has high penetration, but DMart is present even in places where Q-commerce hasn't reached, so I think it will be able to keep up with rising competition," said Pratik Prajapati, equity research analyst at Ambit. Despite its value positioning, DMart's profitability has come under strain in recent years. According to the company's FY25 financials, the company's Ebitda margin, a profitability metric that indicates the company's operating performance, declined from 8.5% in FY23 to 7.6%, even as gross margins remained steady at 14.8%. 'The main reason for this drop is due to rising employee costs," said the analyst. The employee cost now accounts for 6% of revenues, up from 5.4% two years ago. 'The private labels tend to be cheaper, and if the consumers are satisfied with the quality of the products, the expansion will deepen further," said the analyst. 'In the long term, this can impact the margins of some of the branded FMCG goods." The private label push is also supported by DMart's ongoing store expansion. DMart added 50 stores in FY25 and plans to open about 75 new stores over the next three years, according to the Kotak report on 23 June 2025. States like Uttar Pradesh and Odisha are expected to be key focus areas. The company recently entered Agra, marking its first expansion into the state beyond Ghaziabad. The company clocked a revenue of ₹59,358 in FY25, a 16.9% increase over the previous fiscal year. The company's net profit jumped 6.7% from ₹2,536 crore in FY24 to ₹2,707 crore in FY25. 'Private labels not only improve margins but also give customers more choice within a price band," said Prajapati. 'If customers are satisfied with the quality, they are likely to stick with the brand over time." 'As they gain acceptance, we're already seeing revenue pressure on traditional FMCG brands. Brand cannibalisation will likely continue as competition intensifies", said the analyst who did not want to be named.
