udaan.com’s Post

Beauty and lifestyle e-commerce firm FSN E-Commerce Ventures, which owns #Nykaa has posted around 66% increase in consolidated #netprofit to Rs 12.97 crore in the second quarter ended on 30 September 2024. Click on the link below to know more... Nykaa I Falguni Nayar #Nykaabeauty #Nykaafashion #results #FY25 #revenuegrowth #retailindustry #retailgrowth #retailing #businessgrowth #businessnews #Indianretailmarket #retailresults #retailindia #retailupdates #retailbusiness #retailsectornews #ir #IndiaRetailing

As the quick commerce race heats up, beauty and fashion ecommerce major Nykaa claims to have stepped up its same day and next day delivery offerings, while also expanding the footprint of its warehouse network 👇 Addressing Nykaa’s 12th annual general meeting (AGM), its chairperson, MD and CEO Falguni Nayar said that as of now 60% deliveries are being made within the next day across top 110 cities. Looking to double down on its quick delivery service across the country, the company claims to have grown its warehouse network to 44 in FY24 from 18 in FY21. This expansion has reduced order-to-delivery times by 18%, fulfillment costs by 19%, and split shipments by 24% over the last financial year. 📎 To read the in-depth article, click here: https://lnkd.in/gKxR4e2g #news #expansion #Nykaa

As quick commerce channels like Zepto and Swiggy Instamart gain traction, companies like Dabur and Adani Wilmar Limited are reducing sales to urban distributors and optimizing inventory levels at kirana (small neighborhood) stores. 📌 Dabur India Limited has limited supplies to general trade due to high inventory levels resulting from quick commerce growth, which has been significantly outpacing modern trade and e-commerce. 📌 Adani Wilmar reports that nearly half of its sales now come from organized trade, leading to more frequent billing and stock replenishment to maintain freshness. Quick commerce has become the fastest-growing retail channel, with companies experiencing a noticeable shift in consumer purchasing behavior away from traditional kirana stores. A study indicates that a substantial portion of shoppers now prefer quick commerce for their main needs and top-up purchases. Despite these changes, small retailers remain crucial to the FMCG business, prompting companies to improve distribution efficiencies, which may include consolidating distributors. https://lnkd.in/guSFGNvH

Nykaa’s Quick Commerce Game is Stronger Than Ever! 💄📦 As the quick commerce space competition intensifies, Nykaa is making big moves to stay ahead of the curve. At the 12th Annual General Meeting (AGM), Falguni Nayar, Chairperson, MD, and CEO of Nykaa, revealed some exciting developments: ✅ 60% of orders across 110+ cities are now delivered within a day! ✅ In top-tier cities, 65%+ of orders are fulfilled the next day itself!! But Nykaa isn’t stopping there—it's scaling its delivery network rapidly! From 18 warehouses in FY21 to 44 in FY24, this strategic expansion has led to: ✅ 18% reduction in order-to-delivery times 🚚 ✅ 19% lower fulfillment costs 💸 ✅ 24% fewer split shipments 🔄 The quick commerce race is all about speed and efficiency, and Nykaa is clearly doubling down to make sure customers get their beauty and fashion fixes faster than ever. With its eyes set on further enhancing customer experience and operational efficiency, it will be interesting to see how Nykaa continues to reshape the ecommerce landscape. #Nykaa #Ecommerce #QuickCommerce #Logistics #SupplyChain #RetailInnovation #BeautyIndustry #FashionForward #NykaaAGM

FSN E-Commerce Ventures, owner of Nykaa brand, posted a nearly four-fold jump in consolidated net profit at Rs 9 crore for the March 2024 quarter. Nykaa | Falguni Nayar Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

udaan.com now caters to about 80% of kirana stores in Bengaluru, equating to roughly 15,000 daily transactions on its platform. This impressive reach underscores udaan’s deep integration into the local retail ecosystem. Over the past year, udaan has also managed to double its buyer base, reflecting a significant surge in demand for its services. Looking forward, the future of India’s eB2B sector is bright. The Redseer Strategy Consultants study suggests that platforms like udaan are likely to continue their expansion and replicate their success across other regions. Read the full story in Financial Express (India) https://rb.gy/ystgno #udaan #BharatKaEcommerce

Major consumer goods companies like Hindustan Unilever (HUL), Dabur India Limited, Adani Wilmar Limited, and Parle Products Pvt. Ltd reported that the contribution of quick commerce to their overall e-commerce sales surged to 35% in FY24, nearly doubling within a year. Executives stated that quick commerce not only boosted overall e-commerce for these companies but also propelled growth in the broader fast-moving consumer goods (FMCG) industry. In FY23, quick commerce contributed 15-18% to overall sales. Since the pandemic, FMCG companies have consistently reported the fastest sales growth from e-commerce, followed by modern trade or grocery retail chains, and then general stores or kiranas. This trend has accelerated in FY24. Read full story here: https://lnkd.in/dzgbbEsk #fmcg #quickcommerce #ecommerce Ashu Agrawal

With the increase in demand for convenience of home shopping and the rise in the purchasing power of the end consumer, #QuickCommerce is going to grow further. Uber entering the Indian quick commerce space is another proof of the growing sector. #FMCG #Distribution #Sales #Retail

"From Kirana Stores to Q-Commerce: The Future of FMCG in India’s Retail Revolution" The retail landscape in India is undergoing a seismic shift, and #FMCG companies are facing the brunt of it. With the rise of #qcommerce platforms like Zomato's Blinkit, Swiggy's Instamart, and others, traditional #kirana stores are seeing a significant drop in sales. According to recent reports, nearly 2 lakh kirana shops, mainly in metropolitan areas, have shut down due to the rapid rise of q-commerce platforms that promise fast delivery and tech-driven solutions. For decades, kirana stores have been the backbone of India’s retail system. However, as online shopping and e-commerce grow exponentially, the profitability of these small, local stores is dwindling. FMCG giants like Dabur, Hindustan Unilever (HUL), Marico, and Godrej Consumer Products are grappling with this change. They're working on strategies to balance their loyalty to traditional distributors while embracing the tech-driven retail future. Dabur's proactive step to streamline inventories, though leading to a temporary dip in sales, is a clear move to ensure the profitability of their General Trade (GT) distributors. Similarly, companies like Marico and Godrej are managing stock levels more efficiently, with an eye on maintaining a balance between modern trade and traditional retail. Q-commerce platforms are rapidly becoming the preferred online retail channel, with over $1.28 billion in sales expected to shift this year from traditional stores. This disruption is forcing FMCG players to rethink their business models and partnerships, especially with kirana stores, which still form a significant part of their reach in Tier-2 markets and beyond. It’s clear that FMCG companies must adapt to the changing market dynamics and integrate tech-driven solutions to maintain their position in the market. However, maintaining a strong relationship with kirana stores and ensuring their viability remains key for long-term success. The question remains: Can FMCG companies strike the right balance between embracing digital-first retail models and supporting their traditional distribution networks? #RetailInnovation #SupplyChainManagement #DigitalTransformation #BusinessGrowth #CustomerBehavior #TechnologyInRetail #EcommerceGrowth #FMCGChallenges

Gurugram-based beauty and wellness brand Mamaearth has announced a partnership with e-commerce platform Meesho to expand its presence in tier 3 and smaller markets across India. Mamaearth | Honasa Consumer Ltd. | Varun Alagh | Ghazal Alagh | Meesho | Vidit Aatrey Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing