Latest news with #retailexpansion
Yahoo
2 days ago
- Business
- Yahoo
Campus Activewear Ltd (BOM:543523) Q4 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Campus Activewear Ltd (BOM:543523) achieved a 10% year-over-year revenue growth, reaching INR 1,593 crores, driven by higher volumes and strategic distribution expansion. The company launched over 250 new styles for men, women, and children, enhancing its product offerings and catering to diverse consumer needs. Gross margin improved by 20 basis points to 52.3%, attributed to procurement and production efficiencies. The sneaker portfolio experienced a significant growth of 150% compared to the previous year, indicating strong consumer demand. Campus Activewear Ltd expanded its retail footprint with 30 new stores, increasing the total EPO count to 296 across India. Despite the premiumization of products, the average selling price (ASP) declined due to a higher mix of open footwear and accessories. The company faced challenges in liquidating non-BIS inventory, which is expected to impact margins by 20 to 40 basis points in the coming year. There was a slight decrease in PAT margin from 8.9% to 8.5% due to higher depreciation from impairment of DIP lines. The online sales volume growth was modest at 6-7%, indicating potential challenges in accelerating this channel. The company anticipates continued margin pressure due to the liquidation of slow-moving inventory and non-BIS stock. Warning! GuruFocus has detected 2 Warning Signs with BOM:543523. Q: Despite an increase in premiumization, why has the average selling price (ASP) declined? A: Unidentified_3 (CFO): The ASP decline is driven by a higher mix of open footwear and accessory sales, such as socks, which have a lower ASP. However, margins have improved by 20 basis points, indicating that the product mix is not diluting overall profitability. Q: Is the slower growth in online volumes a strategic decision by the company? A: Unidentified_2 (CEO): No, the growth in online volumes is aligned with demand. The company operates each channel strategically to contribute meaningfully to overall revenue. The online channel saw a higher proportion of outright sales, which contributed to ASP increases. Q: How is the demand scenario and competitive landscape, especially with the BIS inventory cleanup? A: Unidentified_2 (CEO): The non-BIS inventory liquidation has been slower than expected but is under control. Demand has been positive in the north, east, and west regions, with some softness in metros and tier-one cities. The sneaker segment has shown strong growth, contributing to higher ASPs. Q: What is the impact of the new facility on depreciation, and when will it start affecting financials? A: Unidentified_3 (CFO): The new facility's depreciation started in March for one month and will be fully reflected next year. The investment of around 21 crores will be amortized over 15 years. Q: How does the company plan to achieve its margin aspirations of 17-19%? A: Unidentified_2 (CEO): The company is trending towards its margin goals through strategic initiatives and cost control. The focus is on maintaining product margins and managing overheads. The impact of non-BIS inventory liquidation is factored into the margin outlook. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Entrepreneur
27-05-2025
- Business
- Entrepreneur
Citykart Raised INR 538cr to Accelerate Expansion in Both Footprint and Product Assortment
The company expanded its store network to 137 stores and now serves over 15 million customers across India You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Citykart has raised INR 538 crore in Series B funding round, co-led by TPG NewQuest, a secondary private equity platform for Asia within TPG, and A91 Partners, a homegrown investment firm specialising in growth investments. Investcorp, an early backer of Citykart, has made a full exit, while India SME Fund continues to hold a minority stake. EY India acted as the exclusive financial advisor to the transaction. Of the total funding, about INR 120 crore is primary capital, with the remaining INR 418 crore being towards secondary transactions. The primary infusion will enable the company to accelerate expansion in both footprint and product assortment. "This new round of funding is a significant milestone in our journey. We are delighted to welcome TPG NewQuest and A91 Partners as long-term partners who believe in our vision of making affordable fashion accessible to Bharat. The capital infusion will help us grow deeper and wider, invest in innovation, and build a strong, future-ready organisation focused on scale and operational excellence. We've been fortunate to have had the support of Investcorp and India SME Fund in our earlier stages, their belief in our model helped us build a strong foundation," said Sudhanshu Agarwal, Co-founder Citykart. The company expanded its store network to 137 stores and now serves over 15 million customers across India. Growing at more than 40 per cent, the company is now targeting revenue of INR 1300 Cr. "Citykart has demonstrated an exceptional ability to scale profitably in one of the most challenging and underserved segments of Indian retail. Their deep customer understanding, disciplined execution, and strong leadership team make them well-positioned to drive value fashion retail across India. We are excited to partner with them in this next phase of growth," said Bharati Agarwal, TPG NewQuest.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Micro Cap Beverage Company Expands Arizona Footprint, Shares Jump Nearly 6%
Breaking into the competitive beverage industry is no small achievement. Success requires scale, strong partnerships, and—most importantly—an exceptional product. This beverage company, with a market cap of under $1 million, is making impressive strides as it secures a new retail expansion in Arizona. The Alkaline Water Company, Inc. (OTCPK: WTER), a prominent player in the beverage industry known for its purified alkaline water infused with Himalayan rock salt, announced today its strategic expansion into the Arizona convenience store market. This move involves placement with one of the country's top convenience store chains, which operates more than 120 locations throughout the Phoenix and Tucson metro areas. As part of this initiative, the company's flagship Alkaline88 gallon bottles will now be stocked in these high-traffic stores, increasing both convenience and availability for consumers in the fast-growing convenience retail segment. "Securing shelf space with a premium retailer that operates over 120 locations across both Phoenix and Tucson and generates more than $11 billion in annual sales nationwide significantly strengthens our presence in our own backyard," said Richard Wright, CEO of The Alkaline Water Company. "With Arizona temperatures regularly exceeding 100 degrees during summer months, our gallon size offers consumers the perfect solution for staying properly hydrated throughout the day." This newest retail expansion brings The Alkaline Water Company's footprint to over 200 store locations across Arizona, ensuring broad coverage in the state's two largest metropolitan areas, which together represent a market of more than 5.3 million people. The move follows the Company's recent retail gains in Southern California and underscores WTER's continued commitment to growing its market presence throughout the Southwestern United States. Shares of WTER are currently trading up 5.88% at $0.036 on the news in mid-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Gulf Business
14-05-2025
- Business
- Gulf Business
30 new stores across GCC: Inside of Majid Al Futtaim's expansion
As part of a strategic expansion, Read- 'These openings reflect our continued investment in building a strong, differentiated luxury fashion and home portfolio in high-performing destinations,' said Fahed Ghanim, CEO of Majid Al Futtaim Lifestyle. The new Eleventy stores include recent openings at Solitaire Mall in Riyadh, Mall of the Emirates, and Marsa Al Arab, with upcoming launches at The Dubai Mall and The Grove. Corneliani made its regional debut at Solitaire Mall in April, while Poltrona Frau will open its first standalone store in the Kingdom at Centria Mall, Riyadh. Growth momentum extends beyond UAE 'Our footprint of 90+ stores already spans the GCC, including Kuwait, Qatar, and Oman, with brands like lululemon, Hollister, Abercrombie & Fitch, and LEGO,' Ghanim said. 'We're building on this momentum by introducing the first Psycho Bunny stores in Qatar and Kuwait, following its success in the UAE.' Ghanim added that Eleventy has seen strong traction in Abu Dhabi, Dubai, and Riyadh, and that Poltrona Frau's performance in the UAE further validates expansion into Saudi Arabia. Strategic brand selection Majid Al Futtaim's approach to luxury retail is guided by customer preferences for authenticity, craftsmanship, and modern luxury. The selection of Eleventy, Corneliani, and Poltrona Frau for standalone stores reflects their appeal to today's discerning consumers. 'Our experience through THAT Concept Store has been instrumental in identifying and nurturing high-potential brands. Eleventy started as a shop-in-shop concept and has now evolved into multiple standalone boutiques,' Ghanim said. Majid Al Futtaim Lifestyle recorded 26 per cent overall growth in 2024, expanding to over 90 stores and 27 e-commerce platforms across the GCC. The fashion segment alone saw 25 per cent growth, driven by brand momentum and localized strategies. In the home category, year-on-year growth reached 36 per cent, led by consumer demand for premium, design-led living. Poltrona Frau, in particular, achieved a fivefold revenue increase last year. The company anticipates continued double-digit growth in 2025. Shifting preferences and a new definition of luxury Consumers in the Middle East increasingly value timeless style, personal relevance, and enduring quality over overt branding. Eleventy's emphasis on understated luxury and craftsmanship aligns with this evolving demand. 'We're adapting by designing more immersive and intentional retail experiences,' said Ghanim. Younger consumers are redefining retail with demands for speed, transparency, and seamless, personalised experiences. Majid Al Futtaim is responding with technologies like WhatsApp commerce and data-driven personalisation. 'These behaviors are pushing us to be sharper, faster, and more relevant — and that's a good thing for the industry,' Ghanim said. THAT Concept Store exemplifies the shift toward curated, experience-driven retail. Customers can book personal styling sessions, beauty appointments, and use click-and-collect features via the app. In-store offerings include grooming, tailoring, gift-wrapping, and live brand activations. UAE and Saudi Arabia: Key growth markets The UAE and Saudi Arabia continue to offer significant opportunities for luxury brands due to their youthful demographics, rising purchasing power, and cultural openness to global trends. 'These are not just luxury markets; they are fast-evolving ecosystems demanding authenticity, agility, and cultural relevance,' said Ghanim. Rather than focusing on competitors, Majid Al Futtaim prioritizes brand curation, customer connection, and local relevance to stay ahead. 'We're not looking sideways — our focus is on being meaningfully different,' Ghanim noted. Cultural identity shapes brand strategy Marco Baldassari, Co-Founder and Menswear Creative Director at Eleventy, emphasized the importance of cultural adaptation: 'We stay true to our DNA but tailor our offerings — richer color palettes, lighter fabrics — to suit local preferences.' 'The decision to expand into the UAE and Saudi Arabia goes beyond market entry — it's about engaging with cultures that value craftsmanship and refined aesthetics,' said Baldassari. 'Dubai's international community and Riyadh's rising fashion scene make both cities ideal for our global strategy.'
