Retail

Nexus Select Trust has announced plans to invest in a Runwal Group–promoted mall in Mumbai, reinforcing its confidence in India’s organized retail real estate market. The proposed investment reflects a strategy focused on acquiring high-quality, consumption-led assets in top urban centers. With Mumbai continuing to anchor premium retail demand, the transaction is expected to enhance the trust’s portfolio resilience and cash-flow visibility.

India’s retail sector is on track for a dramatic expansion, with its market size projected to double by 2035, according to a new industry report. The forecast reflects the combined impact of rising household incomes, rapid urbanization, digital adoption, and changing consumer behavior. From traditional brick-and-mortar stores to e-commerce and omnichannel formats, retail is evolving into a more organized, technology-driven ecosystem.

Eyewear retailer Lenskart posted a sharp rise in quarterly profitability, reporting a net profit of Rs 133 crore for the third quarter, reflecting strong revenue growth and operational efficiency gains. The performance underscores the company’s successful omni-channel strategy, expanding physical retail presence and disciplined cost management. Improved margins and rising consumer demand contributed to the earnings acceleration. Analysts view the results as a sign of maturation within India’s organized eyewear segment, where branded players are consolidating market share.

India’s automobile retail sector began the year on a strong note, recording an 18% year-on-year growth in January, according to industry data released by the Federation of Automobile Dealers Associations (FADA). The expansion was driven by improved vehicle availability, steady consumer demand, and a gradual normalization of supply chains. Passenger vehicles and two-wheelers led the growth, while commercial vehicles also showed signs of recovery.

Fashion e-commerce major Myntra has appointed Pramod Adiddam as its new chief technology officer, signaling a renewed focus on technology-led innovation and platform scalability. Adiddam, a seasoned technology leader with extensive experience in building large-scale digital ecosystems, will oversee Myntra’s engineering, data, and infrastructure functions. His appointment comes as the company sharpens its emphasis on personalization, artificial intelligence, and resilient supply-chain technology.

Tata Group’s retail arm Trent reported a modest yet steady performance in the third quarter, with net profit rising 2.7 percent year on year to Rs. 510 crore. The results reflect the company’s ability to navigate a demanding consumption environment marked by cost pressures and uneven discretionary spending. While revenue growth remained healthy, margin expansion was constrained by higher operating expenses linked to store expansion and inflationary inputs.

Myntra, one of India’s leading online fashion retailers, has announced the expansion of its rapid delivery service, M-Now, to Patna, Jaipur, Lucknow, and Ahmedabad. The initiative aims to provide customers with ultra-fast, same-day or next-day delivery, enhancing the shopping experience in both Tier-1 and Tier-2 cities. This strategic move reflects Myntra’s commitment to strengthening its last-mile logistics network and tapping into emerging urban markets.

Aditya Birla Fashion and Retail Ltd.’s brands business reported a healthy financial performance in the third quarter, with net profit rising 14.4% year on year alongside an increase in revenue. The results reflect resilient consumer demand across key apparel and lifestyle segments, supported by disciplined cost management and improved operational efficiency. Despite a challenging retail environment marked by uneven discretionary spending, the company managed to protect margins and expand its top line.

Brandman Retail Ltd., a fast-growing retail and consumer goods company, has garnered strong institutional support ahead of its initial public offering (IPO), raising Rs. 24.5 crore from anchor investors. The pre-IPO subscription underscores investor confidence in the company’s business model, market positioning, and growth prospects. Analysts note that early backing by anchor investors often sets a positive tone for retail participation and enhances market credibility.

Marri Retail is preparing to enter the capital markets with an initial public offering anchored by a Rs. 522 crore fresh equity issue, signaling its ambition to accelerate growth and strengthen its balance sheet. The proposed IPO is expected to provide the company with long-term capital to support store expansion, supply-chain optimization, and working capital needs. As investor interest in consumer-facing businesses remains selective, the offering will test market appetite for retail growth stories amid evolving consumption patterns.