Swiss Luxury Brand Läderach Opens First Store in Mumbai

By Nithyakala Neelakandan

Published on October 5, 2024

Swiss luxury chocolate maker Läderach has opened its first store in Mumbai at Jio World Plaza. This store, the second in India, was launched by Dharampal Satyapal Group (DS Group), the exclusive partner for Läderach in India. The new outlet marks a significant step in the luxury chocolate market, combining DS Group's focus on quality and innovation with Läderach's Swiss craftsmanship to offer an extraordinary experience for Indian consumers.

Läderach, renowned globally for its high-quality Swiss chocolates, is bringing a wide range of handcrafted chocolate bars, pralines, truffles, and exclusive gifting options to Mumbai. The store features the brand's well-known FrischSchoggi, or fresh chocolate, along with various other products, all crafted with care to deliver unique flavors, textures, and aromas that elevate the experience of indulging in fine chocolates.

Sanskriti Gupta from Läderach India shared her enthusiasm, saying, "We are excited to introduce the luxurious experience of Läderach chocolates at Jio World Plaza, our first store in Mumbai. As a strategic market for Läderach, Mumbai has demonstrated exceptional enthusiasm for our brand, evident in the resounding success of our e-commerce offerings. In strategic partnership with the DS Group, we aim to expand our reach and offer the distinctive Läderach experience to a wider Indian audience."

Läderach began its e-commerce operations in Mumbai and Navi Mumbai towards the end of last year, aiming to strengthen its presence in the Indian luxury retail market. The partnership between DS Group and Läderach, announced last year, marked the debut of the Swiss brand in India. It started with the opening of a store at DLF Emporio Mall in Delhi NCR, which offered an immersive in-store experience for customers.

DS Group, a multi-business corporation and a major FMCG player in India, is committed to bringing unique luxury experiences to the Indian market. Established in 1929, DS Group is known for its diverse portfolio, which includes products and services in sectors such as food and beverage, mouth fresheners, luxury retail, hospitality, and agriculture. Some of the well-known brands under its umbrella are Rajnigandha, Catch, Pulse, and Läderach.

The new store at Jio World Plaza is expected to be a significant addition to Mumbai's luxury chocolate market, offering customers an exquisite chocolate experience during the festive season and beyond.

Jamba is Ready to Make Its Debut in Mumbai, India, in October 2024!

By Nishang Narayan

Published on October 10, 2024

After captivating taste buds worldwide with over 850 locations across 36 states in the US and countries like Australia, Singapore, The Philippines, Taiwan, South Korea, Thailand, and Indonesia, Jamba, the American quick-service restaurant known for its Whirl'd-famous smoothies, is about to open its first outlet in India later this year. This significant expansion for the brand brings its freshly blended smoothies to a new market. Located in Bandra West, Mumbai, Jamba is designed for people who are always on the move, offering a convenient and enjoyable experience with both in-store dining options and grab-and-go service.

A Journey Rooted in Health

Jamba began its journey in 1990 with a simple yet powerful mission: to serve customers delicious products that support a healthier lifestyle. From its humble beginnings as a single store 30 years ago, Jamba has grown into a worldwide beloved brand, renowned for its premium handcrafted beverages and snacks, while remaining committed to its wholesome purpose.

Exciting Expansion Plans

"As we expand into the Indian market, we're thrilled to bring our unique offering of made-to-order smoothies, juices, and snacks to a region with such a vibrant food culture," said Steven Yang, Senior Vice President, APAC at GoTo Foods International. "The demand for innovative and customizable flavour options is growing rapidly here, and we see incredible potential for our portfolio of brands to connect with consumers. This is more than just a business opportunity; it's a chance to become a part of the daily routines and lifestyles of this community."

Jamba has ambitious plans to expand its footprint across India, with the initial phase seeing the opening of stores in major metropolitan cities, including Mumbai, Delhi, Bengaluru, and Hyderabad. This strategic approach will allow Jamba to establish a strong presence in key markets and reach a wide range of consumers. As Jamba continues to grow, it will focus on providing a personalized experience for Indian customers. The menu will feature a wide selection, including smoothies, juices, and bowls, crafted from authentic ingredients. Additionally, Jamba will offer a range of iced and hot coffees and wholesome versions of local dishes and snacks designed to cater to the Indian palate. With both in-store dining and delivery options, you can enjoy your favourite Jamba creations wherever you are.

A Vision for Growth

Haritha Ghattamaneni, Director at Vihaga Ventures, shared, "We're thrilled to finally bring Jamba to this dynamic market. I see a lot of potential for Jamba's growth in India as we currently lack an authentic smoothie brand. We plan to open at least 10 locations by the end of next year. Our commitment to offering delicious, fulfilling, and convenient food and beverages aligns perfectly with the increasing health consciousness among Indian consumers, and we're excited to become a beloved part of the Indian food scene."

Jamba's entry into India is a testament to the brand's confidence in the country's growth potential, and it is poised to become a popular choice among Indian consumers. We cannot wait to get our hands on the famous classic Mango-a-Go-Go Smoothie, the Açai Primo Bowl, and the new Avocado Coffee Smoothie!

About Jamba®

Jamba is the global lifestyle brand leader serving on-the-go freshly blended fruit and vegetable smoothies, made-to-order bowls, juices, shots, boosts, and bites. As of June 30, 2024, Jamba had more than 800 locations operating in 35 U.S. states, as well as South Korea, the Philippines, Taiwan, Singapore, Australia, Guatemala, and Saudi Arabia. For more information and to stay connected, follow @JambaJuice on Twitter and Instagram or visit jamba.com.

About Jamba India

Jamba India is a leading lifestyle brand that offers a wide range of fresh, healthy, and delicious fruit-based beverages and snacks. Committed to using high-quality ingredients and providing exceptional customer service, Jamba India is a destination for those seeking nutritious and delicious options. From classic favourites to innovative creations, the menu caters to diverse tastes and preferences. Join the Jamba India community and experience the joy of healthy living, one sip at a time.

Meet Haritha Ghattamaneni

As a key figure in the hospitality industry, Haritha Ghattamaneni has been instrumental in the success of several notable ventures. She is part of Buffalo Wild Wings, India, a popular American casual dining chain, and the mastermind behind The Deccan Biryani, a renowned Indian QSR restaurant chain. In addition to these culinary accomplishments, she is the driving force behind Mantis Club, Dubai, with three more exciting properties slated to open in Dubai this November.

Indian Alcoholic Beverages Industry Poised for Growth in FY2025: ICRA Report

By Nishang Narayan

Published on October 10, 2024

The Indian alcoholic beverages (alcobev) industry is set to experience strong growth in FY2025, according to a recent report by ICRA. The report predicts a revenue expansion of 8-10 percent, driven by consistent demand for beer and a recovery in the consumption of spirits, as well as an increasing consumer preference for premium products.

In Q1 FY2025, the spirits industry saw a revenue increase of approximately 9 percent year-on-year (YoY), supported by 5-7 percent improvement in realizations and 2-4 percent volume growth. The beer industry, in particular, benefited from the peak season, recording a 12 percent YoY revenue increase, due to 3-5 percent volume growth and 7-9 percent rise in realizations.

Commenting on the volume growth, Kinjal Shah, Senior Vice President and Co-Group Head of Corporate Ratings at ICRA, said: “We expect the alcobev industry volume growth to improve to 5-6 percent in FY2025, up from ~4 percent in FY2024. Spirits volumes are projected to grow at a moderate pace of 2-4 percent, supported by favorable demographics and limited tax increases. Meanwhile, beer is expected to see a 5-7 percent volume growth, building on a high base from FY2024."

Despite the rise in grain prices, particularly non-basmati rice, the operating profit margin (OPM) for ICRA’s sample set of companies is anticipated to remain stable at 12-13 percent in FY2025, thanks to declining packaging material costs such as glass bottles, which benefited from lower soda ash prices.

Shah noted, "While grain costs surged by 20-25 percent in H1 FY2025, prices are starting to stabilize, particularly for non-basmati rice. Additionally, price hikes granted by various state governments are expected to support margins. However, the diversion of grains toward ethanol production, driven by government blending mandates, will be a key factor to watch."

The capital expenditure (CAPEX) trend within the industry also points to sustained growth. Companies in ICRA’s sample set invested over INR 1,000 crore in FY2023 and FY2024, primarily to enhance distillery and brewery capacities. While CAPEX is expected to moderate to 2-3 percent of operating income in FY2025 and FY2026, this follows a period of significant capacity additions.

ICRA forecasts that debt levels will remain stable, supported by modest debt-funded CAPEX plans and strong cash accruals. Debt coverage metrics are expected to be healthy, with total debt/OPBDITA projected at 0.3-0.5 times and interest coverage at 27-30 times in FY2025.

In conclusion, the Indian alcoholic beverages industry is likely to remain in high spirits throughout FY2025, buoyed by a favorable demand outlook and stable profitability, despite rising input costs.

Scuzo Ice 'O' Magic Brings Sweet Treats to Pune with Re1 Popsicles for a Week

By Nishang Narayan

Published on October 10, 2024

Scuzo Ice 'O' Magic, renowned as India's fastest-growing gelato and live popsicle brand, has made its grand entrance into Pune with the opening of two exciting outlets. Located at Seasons Mall, S.No 138 (PT) Magarpatta City, Hadapsar Pune 411013, and Prasun Corner, Shree Maa Rd, Clover Park, Viman Nagar, Pune, Maharashtra 411014, Scuzo aims to delight Pune residents with its sweet and healthy offerings. To mark this occasion, the brand is offering popsicles for just Re 1 for an entire week—a special promotion designed to spread joy throughout the city.

Scuzo Ice 'O' Magic allows customers to choose from a wide array of fresh fruits, watching as their personalized popsicle comes to life in minutes. In addition to popsicles, the café boasts an extensive dessert menu, featuring creamy hand-made gelatos, waffles, milkshakes, sundaes, and hot beverages, ensuring there’s something to satisfy every sweet craving.

With an annual marketing investment of INR 50 lakh, Scuzo Ice 'O' Magic has set a strategic objective to secure a 40% market share in the natural dessert industry within Pune. As part of its expansion strategy, the brand envisions opening an additional 20 outlets in the city by March 2025.

Reflecting on this significant milestone, Mohammad Farhan, Managing Director of Scuzo Ice 'O' Magic, expressed, "We are thrilled to enter the Pune market by opening our two outlets. This journey has been one of passion and innovation, and we're excited to share our live popsicle concept with even more people. Our commitment to using natural ingredients and promoting sustainable practices remains at the core of everything we do. Pune's vibrant community deserves nothing less than the best, and we're eager to create a memorable dessert experience for them with our unique offerings. Calling all Punekars! Enjoy our irresistible popsicles for just Re 1, all week long. Don't miss this limited-time treat!"

As Scuzo Ice 'O' Magic continues to expand, it remains dedicated to delivering high-quality, health-focused desserts while minimizing its environmental impact. The brand's eco-friendly initiatives include the use of edible rice straws infused with flavors, highlighting its commitment to sustainability. All products are made with 100% natural ingredients, free from chemicals and preservatives.

Dhanjay Satish Patil, Vaibhav, and Dr. Nitin Namdeo from Phoenix Venture, Franchise Unit Partners, shared their excitement about the launch: "This partnership with Scuzo Ice 'O' Magic allows us to bring an extraordinary dessert experience to Pune. We're confident this outlet will become a beloved destination for families and dessert enthusiasts. Our goal is to provide a warm and welcoming environment where everyone can indulge in their favorite treats."

The opening of Scuzo Ice 'O' Magic's 52nd outlet in Pune marks a significant step in the brand's mission to bring innovative and delightful desserts to every corner of India.

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