Latest news with #Khaitan
Business Standard
29-05-2025
- Business
- Business Standard
Khaitan (India) standalone net profit rises 74.62% in the March 2025 quarter
Sales rise 60.21% to Rs 25.57 crore Net profit of Khaitan (India) rose 74.62% to Rs 3.44 crore in the quarter ended March 2025 as against Rs 1.97 crore during the previous quarter ended March 2024. Sales rose 60.21% to Rs 25.57 crore in the quarter ended March 2025 as against Rs 15.96 crore during the previous quarter ended March 2024. For the full year,net profit rose 420.90% to Rs 6.98 crore in the year ended March 2025 as against Rs 1.34 crore during the previous year ended March 2024. Sales rose 32.96% to Rs 77.61 crore in the year ended March 2025 as against Rs 58.37 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 25.5715.96 60 77.6158.37 33 OPM % 5.671.94 - 9.066.01 - PBDT 3.550.98 262 7.501.83 310 PBT 3.471.97 76 7.151.34 434 NP 3.441.97 75 6.981.34 421
India Today
29-05-2025
- Business
- India Today
Radico Khaitan withdraws brand name of new single-malt whisky after objections
Radico Khaitan, one of India's leading liquor manufacturers, has decided to withdraw the 'Trikal' brand name from its new range of single-malt whisky following concerns over religious sentiments. The company announced the move in a stock exchange filing on Wednesday, 28 May 2025.'We understand that concerns have been raised regarding the brand name. As a responsible and sensitive organisation, post internal review we have decided to withdraw the brand,' the company said in its Khaitan emphasised that the decision was not merely commercial but a mark of respect for public sentiment. 'This is not just a business decision, it is a gesture of respect, reflection, and our unwavering commitment to honour the sentiments of our people and our country.' The matter escalated after the excise department in Uttarakhand stated that the company had not received any approval to manufacture, register, or sell the whisky in the state. 'The whisky has neither been allowed to be manufactured in the state, nor has any approval been granted for registration or sale,' Excise Commissioner Harichandra Semwal told newsagency to the company, the name 'Trikal' was inspired by a Sanskrit term meaning 'three times' — the past, present, and future. Radico Khaitan said the brand was intended as a tribute to India's timeless spirit and official spokesperson elaborated: 'The name 'Trikal' comes from Sanskrit and means 'three times' referring to the past, present, and future. It reflects our deep-rooted belief in honoring India's rich heritage while embracing progress and innovation.""'Trikal' is not just a name; it is a tribute to the timeless spirit of India, to the hands of our artisans, and to the soul of our culture. It is our humble effort to showcase Indian craftsmanship to the world and make our nation proud," the spokesperson added. The company added that it remains committed to upholding Indian values and respecting every voice that speaks for the country's shared identity.
Time of India
28-05-2025
- Business
- Time of India
Radico Khaitan withdraws 'Trikal' whisky brand following public outrage
HighlightsRadico Khaitan has decided to withdraw its newly-launched whisky brand 'Trikal' following backlash from religious groups and political figures who stated that the brand's name and imagery hurt religious sentiments. The name 'Trikal', derived from Sanskrit meaning 'three times', was intended to honor India's heritage but faced criticism for resembling sacred symbols associated with Hindu deity Lord Shiva. The controversy surrounding 'Trikal' led to a clarification from Uttarakhand's Excise Commissioner Harichandra Semwal, stating that the liquor brand had not been approved for manufacture, registration, or sale in the state. New Delhi, Radico Khaitan , one of India's leading liquor manufacturers, has announced the withdrawal of its newly-launched whisky brand 'Trikal' following widespread criticism from religious groups, social media users, and political figures who claimed the name and imagery hurt religious sentiments. In an official statement issued on Wednesday, the company said, "We are, first and foremost, a proud Indian company -- born of this land, built by its people, and dedicated to upholding its values. We hold the sentiments of every Indian close to our hearts and respect every voice that speaks for our shared identity. We understand that concerns have been raised regarding the brand name. As a responsible and sensitive organisation, after internal review, we have decided to withdraw the brand." Explaining the inspiration behind the name, the company added, "'Trikal' comes from Sanskrit and means 'three times' -- referring to the past, present, and future. It reflects our deep-rooted belief in honouring India's rich heritage while embracing progress and innovation. 'Trikal' was never just a name -- it was intended as a tribute to the timeless spirit of India, the hands of our artisans, and the soul of our culture." Emphasising that the decision was not purely commercial, the statement further said, "This is not just a business decision. It is a gesture of respect, reflection, and our unwavering commitment to honour the sentiments of our people and our country." The controversy erupted soon after the launch of the single malt whisky , priced between Rs 3,500 and Rs 4,500. The teal coloured label on the bottle featured a line-drawn figure of a face with closed eyes and a circle on the forehead -- interpreted by many as resembling Lord Shiva's third eye. Critics, including religious leaders and Sanatan Dharma organisations, objected to the name 'Trikal', which they argued had sacred connotations linked to the Hindu deity Shiva. The backlash prompted statements from state authorities as well. On Tuesday, Uttarakhand's Excise Commissioner Harichandra Semwal clarified that no such liquor brand had been approved for manufacture, registration, or sale in the state. The withdrawal of the brand may have an impact on Radico Khaitan's stock performance when markets open on Thursday. --IANS skp/rad
Time of India
26-05-2025
- Health
- Time of India
Pills, promotions and a dose of doubt: Influencers, VC money fuel India's booming supplements market
Live Events A decade ago, India's health supplements mostly meant vitamin C, iron and B12 tablets purchased at pharmacies after consulting a doctor. Fast forward to 2025, and a whole new market has emerged—gummies to enhance your hair health, powders to boost collagen, liquid for gut, pills for women's perimenopause hormonal imbalance, magnesium tablets for better sleep, testosterone boosters, capsules with calming properties and vegan versions of all supplement wave in the country was sparked by increased health awareness after the Covid-19 pandemic and powered by social media influencer marketing and a rush of venture capital (VC), according to industry executives and products are being sold directly to consumers on ecommerce websites as well as quick-commerce apps, spawning a fast-growing segment within the health sector. But as gummies and pills become lifestyle staples, the line between wellness and pseudoscience is blurring. Most items are sold over the counter—with no prescription, no pharmacist and often no clarity on whether they actually result? A shelf full of products that look similar, promise big results and raise a critical question—how much of it is science, and how much social media hype?India's nutritional supplement industry, pegged at $47.92 billion in 2024, is projected to expand to $68.43 billion by 2030, at a compound annual growth rate of 8.1%, according to market research firm Research and Markets. The growth story has attracted both founders and venture capitalists. 'Just after the Covid-19 pandemic, the evolution of these nutra products happened with immunity-building items. After seeing good acceptance from the audience and more usage of digital platforms (ecommerce and quick-commerce) to buy such products, brands started experimenting with their offerings,' said Renu Bisht, founder of Commercify360, a Gurgaon-based brand consulting funding numbers back this up. According to data firm Venture Intelligence, the sector raised more than $500 million between 2020 and May 2025. The latest in the line is Mumbai-based The Good Bug, a gut health startup that raised about $12 million in a round led by Susquehanna Asia Venture Capital, with Fireside Ventures Khaitan, principal at Fireside Ventures, emphasised the sharpening focus on science and research, along with innovation, in delivery formats. 'As themes like women's health, longevity and bone health evolve, we are looking to double down on startups operating at the intersection of unmet consumer needs and science-led innovation,' he health professionals are beginning to worry that the focus is shifting from effectiveness to aesthetics. 'The wellness sector is booming in India, which is why a lot of companies are getting a lot of VC funding early on. They use a lot of that funding to basically not work so much on the formulation but more on the marketability of a product,' said Poorvi Bhat Khandige, a Bengaluru-based naturopathic physician and nutritionist.'Health supplement brands are heavily reaching out to influencers because the concept is fairly new in India,' said Commercify 360's Bisht. 'Brands are partnering with health influencers, doctors and fitness trainers for marketing in order to build the audience's trust. Some brands are spending 15–30% of their budget on influencer marketing.'For example, nutrition brand Plix partners with Gen Z creators to reach urban, health-aware label Kapiva, from Kolkata-based Baidyanath, works with regional wellness influencers, while nutrition brand Fast&Up aligns with athletes and fitness content creators. 'We are trying to reach our target audience and continuously build awareness at the right frequency with them,' said Keshav Biyani, founder of gut health-focused brand The Good Unilever-backed Wellbeing Nutrition , a direct-to-consumer nutraceutical player, said 20-25% of its expenses are allocated to companies are ramping up their marketing budgets to build awareness by partnering with doctors and the marketing-first approach leads to many consumers buying the products without understanding them, and sometimes overusing them, leaving experts and nutritionists worried.'We've seen almost 200% growth month-on-month where protein is concerned, which is good and bad,' said Avnish Chhabria, founder of Wellbeing Nutrition. 'It's good, because everyone's gotten the sense and understanding of what they need to take. It's bad, because even people who are eating enough protein in a day are now overconsuming it, which could eventually lead to kidney problems.'The lack of guidance regarding the usage of such products poses a real risk. In some cases, certain ingredients require specific lifestyle choices to be instance, a Jaipur-based consumer used a popular nutrition brand's metabolically lean powder for more than a year before eventually stopping, after realising that some ingredients in the product required lifestyle adjustments. 'The product has EGCG and ALA (epigallocatechin gallate and alpha-lipoic acid are ingredients typically used in weight loss products), both of which can cause issues if you're not active,' the person said on condition of some products may fall short of their promises. Hair gummies, for example, are marketed with the promise of improving hair health and making it stronger and shinier. However, according to Khandige, a nutritionist, many of these products don't contain a sufficient therapeutic dose to be truly as the market expands, several leading brands are grappling with challenges tied to regulatory scrutiny, supply chain issues and shifting consumer expectations. GNC , a supplement retailer in the US—where the supplements market is projected to exceed $70 billion by 2031, from around $43 billion in 2022, according to data and business intelligence platform Statista—has faced multiple legal battles over product quality. Elysium Health, known for its anti-aging supplements, has drawn criticism from scientists, who have questioned the efficacy of its claims. However, the risk of such products reaching Indian consumers is heightened by the rise of fast and frictionless delivery channels such as quick-commerce supplement products in India fall under the purview of the Food Safety and Standards Authority of India, and not the drug regulator. That means weaker scrutiny and lighter penalties despite brands making bold claims like 'improves liver health' or 'reverses aging'.Health experts have long called for stringent oversight. Recently, an inter-ministerial committee headed by former health secretary Apurva Chandra recommended that any supplement claiming to treat or mitigate a disease should be classified as a drug. That would bring such products under the Central Drugs Standard Control Organisation and subject them to stricter regulation. Experts agree that until there is better education, regulation and transparency, consumers will largely have to navigate this booming market on their own—one Instagram ad at a time.
Time of India
26-05-2025
- Health
- Time of India
VC funding, influencers power India's health supplements craze amid lingering safety concerns
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel BENGALURU/MUMBAI: A decade ago, India's health supplements mostly meant vitamin C , iron and B12 tablets purchased at pharmacies after consulting a forward to 2025, and a whole new market has emerged — gummies to enhance your hair health, powders to boost collagen, liquid for gut, pills for women's perimenopause hormonal imbalance, magnesium tablets for better sleep, testosterone boosters, capsules with calming properties and vegan versions of all supplements wave in the country was sparked by increased health awareness after Covid-19 pandemic and powered by social media influencer marketing and arush of venture capital (VC), according to industry executives and products are being sold directly to consumers on ecommerce websites as well as quick-commerce apps, spawning a fast-growing segment within the health sector. But as gummies and pills become lifestyle staples, the line between wellness and pseudoscience is blurring. Most items are sold over the counter—with no prescription, no pharmacist and often no clarity on whether they actually result? A shelf full of products that look similar, promise big results and raise acritical question — how much of it is science, and how much social media hype?India's nutritional supplement industry, pegged at $47.92 billion in 2024, is projected to expand to $68.43 billion by 2030, at a compound annual growth rate of 8.1%, according to market research firm Research and Markets. The growth story has attracted both founders and venture capitalists. 'Just after the Covid-19 pandemic, the evolution of these nutra products happened with immunity-building items. After seeing good acceptance from the audience and more usage of digital platforms (ecommerce and quick-commerce) to buy such products, brands started experimenting with their offerings,' said Renu Bisht, founder of Commercify360, a Gurgaon-based brand consulting funding numbers back this up. According to data firm Venture Intelligence, the sector raised more than $500 million between 2020 and May 2025. The latest in the line is Mumbai-based The Good Bug , a gut health startup that raised about $12 million in a round led by Susquehanna Asia Venture Capital, with Fireside Ventures Khaitan, principal at Fireside Ventures, emphasised the sharpening focus on science and research, along with innovation, in delivery formats. 'As themes like women's health, longevity and bone health evolve, we are looking to double down on startups operating at the intersection of unmet consumer needs and science-led innovation,' he health professionals are beginning to worry that the focus is shifting from effectiveness to aesthetics. 'The wellness sector is booming in India, which is why a lot of companies are getting a lot of VC funding early use a lot of that funding to basically not work so much on the formulation but more on the marketability of a product,' said Poorvi Bhat Khandige, a Bengaluru-based naturopathic physician and nutritionist.'Health supplement brands are heavily reaching out to influencers because the concept is fairly new in India,' said Commercify 360's Bisht. 'Brands are partnering with health influencers, doctors and fitness trainers for marketing in order to build the audience's trust. Some brands are spending 15-30% of their budget on influencer marketing.'Ayurvedic label Kapiva , from Kolkata-based Baidyanath, works with regional wellness influencers, while nutrition brand Fast&Up aligns with athletes and fitness content creators.'We are trying to reach our target audience and continuously build awareness at the right frequency with them,' said Keshav Biyani, founder of gut health-focused brand The Good Bug. Hindustan Unilever-backed Wellbeing Nutrition, a direct-to-consumer nutraceutical player, said 20-25% of its expenses are allocated to marketing. These companies are ramping up their marketing budgets to build awareness by partnering with doctors and the marketing-first approach leads to many consumers buying the products without understanding them, and sometimes overusing them, leaving experts and nutritionists worried. 'We've seen almost 200% growth month-on-month where protein is concerned, which is good and bad,' said Avnish Chhabria, founder of Wellbeing Nutrition. 'It's good, because everyone's gotten the sense and understanding of what they need to take. It's bad, because even people who are eating enough protein in a day are now overconsuming it, which could eventually lead to kidney problems.' The lack of guidance regarding the usage of such products poses a real risk. In some cases, certain ingredients require specific lifestyle choices to be instance, a Jaipur-based consumer used a popular nutrition brand's metabolically lean powder for more than a year before eventually stopping, after realising that some ingredients in the product required lifestyle adjustments. 'The product has EGCG and ALA (epigallocatechin gallate and alpha-lipoic acid are ingredients typically used in weight loss products), both of which can cause issues if you-'re not active,' the person said on condition of some products may fall short of their promises. Hair gummies, for example, are marketed with the promise of improving hair health and making it stronger and shinier. However, according to Khandige, a nutritionist, many of these products don't contain a sufficient therapeutic dose to be truly as the market expands, several leading brands are grappling with challenges tied to regulatory scrutiny, supply chain issues and shifting consumer expectations. GNC , a supplement retailer in the US—where the supplements market is projected to exceed $70 billion by 2031, from around $43 billion in 2022, according to data and business intelligence platform Statista—has faced multiple legal battles over product quality. Elysium Health, known for its anti-aging supplements, has drawn criticism from scientists, who have questioned the efficacy of its claims. However, the risk of such products reaching Indian consumers is heightened by the rise of fast and frictionless delivery channels such as quick-commerce supplement products in India fall under the purview of the Food Safety and Standards Authority of India, and not the drug regulator. That means weaker scrutiny and lighter penalties despite brands making bold claims like 'improves liver health' or 'reverses aging'.Health experts have long called for stringent oversight. Recently, an interministerial committee headed by former health secretary Apurva Chandra recommended that any supplement claiming to treat or mitigate a disease should be classified as a drug. That would bring such products under the Central Drugs Standard Control Organisation and subject them to stricter regulation.
