India news and analysis

27 February 2019
Retailer partners with PhonePe to launch a unified payment interface (UPI) Kirana owners will benefit the most Members shopping at Walmart India’s Best Price stores can now make use of the PhonePe app to pay for their purchases. The system is now available to the one million plus members and can be used across all 23 Best Price stores in the country. PhonePe is a digital payments platfor...
20 February 2019
Walmart released its fourth quarter and fiscal year 2019 results this week. The company finished the year with good momentum and is pleased with its performances in international markets. Walmart’s key numbers Walmart's total revenue in Q4 increased by 1.9% to US$138.8bn US comp store sales increased by 4.2%, and by 6.8% on a two-year basis, the strongest in nine years Sam's Club c...
19 February 2019
We review Walmart's fourth quarter and full year results and the drivers behind its performance. Walmart's key numbers Walmart's total revenue in Q4 increased by 1.9% to $138.8bn Sales in its US stores increased by 4.6%, while the impact of club closures saw sales at Sam’s Club fall 3.7% US comp store sales increased by 4.2%, and by 6.8% on a two-year basis Sam’s Club comp sales...
24 January 2019
New ecommerce platform created with help of Reliance Jio Infocomm. State of Gujarat first to trial new project Reliance Retail, part of the Reliance Industries conglomerate, has partnered with Reliance Jio Infocomm to announce the creation of a new ecommerce platform. The new platform will be optimised for use on the JioPhone, a popular mobile handset that was introduced by Reliance Jio in ...
21 January 2019
Competition Commission approves sale of Aditya Birla’s More supermarket chain to Amazon. Sale valued at INR42bn (US$588.2m) The Competition Commission of India has recently allowed the sale of More supermarket chain to proceed. The chain will be sold to Witzig Advisory Services, a joint partnership between Amazon and Samara Capital, for more than INR42bn. Samara Capital, an Indian investmen...
15 January 2019
Germany-based wholesaler Metro Cash and Carry’s division in India, according to the company, has turned a profit for the first time in 15 years. 2.8% decrease in sales Metro Cash & Carry reported a decrease in sales of 2.8% from €798m in 2016-17 to €776m in 2017-18. The company’s country-specific profit figures remain unknown. However, it has been reported that sales in local currency (INR)...
14 January 2019
Continued growth for one of India’s largest supermarket operators. Total revenue increases by 33.2% vs. previous year Avenue Supermarts Limited, who operates the DMart supermarket chain, reported a strong performance for the quarter ended 31 December 2018. The company’s financial year begins in April and this period is its third quarter. Sales revenue for the retailer during this quarter...
04 January 2019
Grofers, one of the leading online grocers in India, aims to generate $2.5bn in revenue by 2020 and scaling up its private label offerings. Experiencing fast growth Speaking to PTI, Grofers' co-founder and CEO Albinder Dhindsa said Grofers has been witnessing over 30 per cent month-on-month growth. "While we do not sell gourmet products that usually offer higher margins, we have been able t...
03 January 2019
We look at the latest news from UAE-based Lulu. This includes Lulu’s retail division Tablez and its plans to expand in India, with an aim of opening 300 stores by 2020. Tablez hopes to generate a revenue of INR4bn (US$57.3m) by 2020, up from the INR1bn (US$14.5m) it generates currently. The revenue target will be driven by a range of retail brands and will not be solely down to LuLu’s grocery ...
03 January 2019
Regulatory guidelines may have significant impact for ecommerce. Takes effect on 1 February In a move aimed at promoting fair trade in India, the government has announced a series of regulations for the ecommerce industry. From 1 February 2019, online marketplaces will not be allowed to list exclusive products on its platform. Previously, manufacturers and suppliers would work with Amazon o...