Archive: June 1, 2023

Victorinox Embarks on a New Journey

Victorinox recently celebrated its new Journey 1884 Collection of timepieces with Viren Rasquinha–a talented sportsman, illustrious hockey player and ex-India Hockey Captain, who is doing great work with aspiring Olympians through Olympic Gold Quest.

Colonel Chandhoke- Managing Director, Victorinox India and Debraj Sengupta- Chief Product and Marketing Officer, Country Head -Watches, Victorinox India honoured Viren with a Journey 1884 Swiss Made Automatic Watch for Men, to commemorate the trailblazing and meaningful journeys of both, the brand, and the man.

The Victorinox Store at The Palladium Mall was awash in awe, as watch aficionados and Victorinox loyalists cheered the brand on in its new journey.

The new Victorinox Journey 1884 is not just a watch. It is the first leg of a new journey for Victorinox watches and a statement infusing the feeling of freedom and the energy of the Swiss mountains into everyday adventures. Let this journey begin! Imagine hiking on a spectacular ridge in the Swiss alps, following the path lost in thought and enjoying the calmness and the breath taking views whilst deeply inhaling the fresh mountain air. This is the inspiration behind the Victorinox Journey 1884, the new companion that can be relied upon for hiking adventures and much more. The watch pays tribute to its inspiration with a hand design replicating the Swiss hiking signs, a dial featuring the rough texture of a natural hiking path and a practical and sporty rubber strap. The watch is available in both automatic and quartz models.

The Swiss Army Knife, a standard item on hikes, is evoked in the counterweight of the second hand. In addition, the case features strong shapes and curves and the notch at 6 o’clock on the bezel looks as if it has been carved out by a sharp pocketknife. The industrial roots of the brand are reflected in the finish of the case, in the engraved material code, and the founding year 1884 proudly presented on the bezel. ISO certified for shock and water resistance, each watch gives the owner a maximum of freedom during any activity, whether he is wearing the more sporty quartz or the more sophisticated automatic version. The latter takes its inspiration from urban adventures and city travel. It offers a prominent highly tridimensional architectural dial paired with an elegant ceramic bezel echoing modern city skylines. And because even urban explorers long for the real outdoors, the automatic version features the color of yellow as seen on Swiss hiking signs and the rough-textured center part of the dial as a nod to the collection’s hiking roots.

You Care Lifestyle offers a special discount in honor of Telangana Formation Day

Mumbai, June 1st, 2023: Telangana Formation Day is celebrated on June 2nd every year to commemorate the establishment of the Indian state of Telangana. It is a time for the citizens to reflect on the progress made since the formation of the state and to celebrate their distinct cultural heritage and identity.

You Care Lifestyle, an honest health and wellness ecommerce platform by Luke Coutinho is offering a special 15% discount on their delicious and nutritious healthy treats to the citizens of Telangana so that they can celebrate this day with mindfulness. This offer is valid for all customers in the Telangana state on June 2nd, so be sure to take advantage of the savings!

At You Care Lifestyle, they understand how important it is to make healthy choices that will help a person stay fit and energized while also enjoying the food they eat. The healthy treats available on their platform are made with natural ingredients and are free from any added preservatives, ensuring that you get the best nutritional value without any hidden ingredients.

This special offer from You Care Lifestyle will help encourage more people in Telangana to make healthier food choices. So don’t miss out on the chance to get 15% off healthy treats and celebrate Telangana Formation Day with You Care Lifestyle!

Affordable Robotic and Automation Limited Reports Strong Stand alone Annual Financial Results for FY 2023

India, June 01, 2023 – Affordable Robotic and Automation Limited (ARAPL), one of the leading Automotive Project-based line builders, Automated Multilevel Car Parking System providers and Warehousing Automation Solution providers in India, announced its audited standalone financial results for the fiscal year 2023. The company continued its growth momentum and achieved significant milestones, reporting a total revenue of INR 113 crores in FY 2023.

ARAPL demonstrated impressive financial performance throughout FY 2023, with key highlights as follows:

Revenue: The company experienced a remarkable 40% growth in revenue, reaching INR 11337.24 Lakhs in FY 2023 compared to INR 8123.28 Lakhs in FY 2022.

EBITDA: ARAPL achieved a substantial 66% growth in EBITDA, reaching INR 1007.45 Lakhs in FY 2023, compared to INR 606.03 Lakhs in FY 2022.

PBT: The company witnessed a remarkable 145% growth in profit before tax (PBT), reaching INR 602.71 Lakhs in FY 2023, compared to INR 245.68 Lakhs in FY 2022.

PAT: ARAPL achieved a remarkable 89% growth in profit after tax (PAT), reaching INR 447.78 Lakhs in FY 2023, compared to INR 236.91 Lakhs in FY 2022.

These results reflect ARAPL’s commitment to delivering innovative automation solutions and its continued focus on driving growth and profitability. The company’s success can be attributed to its strong customer relationships, robust project execution, and continuous investment in research and development.

“We are delighted to announce another successful year for ARAPL, marked by significant growth in revenue and profitability,” said Mr. Milind Padole Managing Director, ARAPL. “Our continued focus on providing cutting-edge automation solutions has enabled us to strengthen our position in the market and deliver value to our customers. We remain committed to expanding our product portfolio and market reach with partners to address the evolving needs of our clients.”

With its consistent track record of success and commitment to excellence, ARAPL is well-positioned to capitalise on the growing demand for automation solutions in India and beyond.

Segment Wise Sales FY 2022-23:

Automation Segment:

ARAPL achieved an exceptional revenue growth of 28.14% in the automation segment, reaching 7205.3 Lakh in FY23 compared to 5623.24 Lakh in FY22. This growth can be attributed to our continuous innovation, technological advancements, and commitment to delivering cutting-edge automation solutions.

Car Parking Segment:

The car parking segment experienced an outstanding revenue growth of 64.93% in FY23, with revenue totaling 4030.4 Lakh compared to 2443.78 Lakh in FY22. ARAPL’s state-of-the-art car parking solutions, which prioritize efficiency and convenience, have garnered significant demand in the market, contributing to this remarkable growth.

Other Segments:

ARAPL also witnessed notable growth in its other segments, with a revenue increase of 101.49 Lakh in FY23, up from 56.26 Lakh in FY22. This growth underscores our diversified product portfolio and the successful expansion into new areas.

Overall Performance:

ARAPL achieved an overall growth of 39.56% in FY23, with total revenue amounting to 11337.24 Lakh, compared to 8123.28 Lakh in FY22. This exceptional performance is a testament to the dedication, hard work, and expertise of our talented team and the strong market demand for our innovative solutions.

Order Book:

As of April 1, 2023, ARAPL boasts an impressive order book of approximately 80 Crore. This substantial backlog signifies the confidence and trust placed in our products and services by our esteemed customers.

Fenesta Expands Its Retail Presence In Mumbai, Maharashtra

Mumbai, 1st June,2023:Fenesta, India’s largest Windows and Doors Brand which is also the market leader in its segment, reinforced its retail expansion with the opening of another new showroom. The exclusive showroomBellezais located at 6, Janata Industrial Estate, 1-162, Senapati Bapat Marg, Lower Parel West, Mumbai. Pin Code – 400013, Maharashtra and brings the best in class Aluminum windows and Doors, uPVC Windows & Door and Solid Panel Doors.
Commenting on the launch, Mr. Saket Jain, Business Head, Fenesta said, “Our primary goal is to connect with a larger audience of consumers nationwide, and our business strategy revolves around putting the needs of our customers first. For the past two decades, Fenesta has consistently prioritized customer experience, building unshakeable trust, and achieving remarkable advancements. Every new showroom opening is a testament to the growing trust our customers,we dedicate our efforts to providing a seamless experience for our customers, allowing them to explore our diverse range of products and make well-informed decisions.

With this launch, Fenesta marks another milestone to ensure an interactive and informative buying experience for our existing and potential customers. Fenesta Showrooms have been successfully contributing to a significant customer reach and positioning as a market leader. With the rapid growth in Aluminum windows and Doors, uPVC Windows & Door and Solid Panel Doors categories in India, the brand endeavors to further increase its market share and maintain its leadership position in future.

He further added that “It has been a great journey so far & we are ready for an accelerated growth in the coming years. The combination of an aggressive marketing strategy, variety of products and rapid retail expansion, including Tier 2 and Tier 3 markets, will help us reach our goal. The Marketing strategy is fashioned such that it creates engagement, education and an experiential purchase for the customer. On this note, we would like to thank all our partners and our customers for their support and contribution to our successful business.”

The Fenestashowroom at Lower Parel West, Mumbai, Maharashtrashowcases a range of products from windows, doors and various design and color possibilities. With this launch, Fenesta now has presence in more than 350 locations.

Fenesta is the only company in India to control the entire supply chain starting from the making of uPVC that goes into making the profile, to installation of end product, as well as after sales service. The range of products is specially designed in UK and Austria to give consumers a well-engineered but contemporary style.
The products at Fenesta go through stringent tests and quality check at every step to ensure performance in India’s varied and extreme climates. Fenesta products are immensely popular amongst leading builders, architects and interior designers across the country for its noise-insulating, rain-insulating, dust proof features without compromise on aesthetics.

Peninsula Land Limited reports a profit of 101 Cr in FY 23

Mumbai, 3st June 2023: NSE and BSE listed Peninsula Land Limited, a renowned developer with a strong execution record has announced excellent results for the Quarter and year ended 31st March, 2023. For the quarter ended 31st March, 2023, total revenue increased by 46% to Rs. 151 Cr vs Rs.104 Cr for the quarter ending 31 March 2022. For the year ended 31st March, 2023, the total revenue increased by 130% to Rs 1039 Cr vs Rs. 452 Cr for the year ended 31st March 2022. The PAT also turned positive in FY22-23 , increasing to Rs. 101 Cr vs a loss of Rs. (108) Cr in FY21-22.

The company’s strong performance across various metrics showcases its commitment to fulfil its obligations towards all its stakeholders. With these turnaround results the company has begun a new phase backed by strong execution capabilities. As on 31 Mar’23, the consolidated debt stands reduced to Rs. 424 Cr against a peak of Rs. 2373 Cr in 31 Mar’19. The reduced debt position will further enable the growth of the company.

Commenting on FY23 results, Mr Rajeev Piramal, VC & MD, Peninsula land Limited said, “The real estate industry has undergone a significant transformation over the past few years, with issues like debt overhang, sluggish sales, cost escalations, and a lack of price appreciation. However, developers with a customer-centric mindset and strong brand ethos have been able to weather the storm and are now well-positioned. Peninsula Land is a company that has a strong brand promise and is confident in its capacity to execute iconic projects and generate value for all of its stakeholders. Despite the difficulties caused by the Covid crisis, the company has sold about 2.4 million square feet over the past five years, offered possession of about 700 residences across the affordable, luxury, and ultra luxury product groups, and decreased debt by over 80%. Additionally, the business plans to provide over 1000 homebuyers possession in FY24. We have built and sold homes ranging in price from INR 20 lakhs in the affordable category to INR 50 crore in the super luxury category across the segments of apartments, row houses, plots, and villas in the residential sector, and we have solid experience doing so. We are confident in our ability to work across asset classes and generate value for our stakeholders.”

Renault India Achieves Remarkable Milestone of 9 Lac Sales

Hyderabad/New Delhi, June 1st, 2023: Renault, the leading European brand in India, is proud to announce a remarkable achievement of surpassing 900,000 vehicles sales in the country. Renault India is one of the youngest and fastest carmakers to achieve this feat.

Renault India has attained this significant milestone by offering innovative and disruptive product portfolio, persistent commitment towards customer satisfaction, network expansion, rural focussed strategy, and pioneering marketing initiatives.

This accomplishment highlights the unwavering commitment of Renault India to deliver unique products, cutting-edge technology, and unparalleled customer experiences. With a strong emphasis on quality, safety and innovation, the company has captivated consumers sentiments and gained the trust of customers in India.

Renault India in the past 11 years has consistently pushed limits and introduced some industry-first, advanced and enhanced safety features across its product offerings. The company’s diverse product portfolio has catered to the varying needs and preferences of customers in the country. In addition to offering exceptional products range, Renault India has also fostered strong partnerships with dealerships across the country, ensuring an unmatched ownership experience for customers. The company’s dedicated network of over 450 plus sales and 530 service touchpoints, played a crucial role in providing support and personalized service to every customer.

According to Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations, “We are extremely thrilled to have crossed the 9-lac sales milestone in India. This incredible journey has been made possible by the unwavering support and belief in the brand from our esteemed customers, dedicated dealer partners, valued suppliers, and our exceptional team of employees, and engineering professionals. We extend our heartfelt gratitude to all who have contributed to this remarkable achievement. Over the last few years, we have established a strong foundation in India. Company’s commitment to the Indian Government’s ‘Make in India’ vision is unwavering and Renault aims to attain 90% localization for its upcoming products.”

“India is a strategic and among the top 5 markets for Groupe Renault and we have a clear long-term strategy in mind for the country. We have formulated a strong product-offensive plan for India, with heavy emphasis on localisation in future range of products. With a long-term commitment to the Indian market, Renault plans to bring several new innovations in products and services, to meet the evolving needs and preferences of customers”, added Mr. Mamillapalle.

As Renault India celebrates this remarkable milestone, it reaffirms its commitment to delivering high-quality vehicles and exceptional customer experiences. With a strong foundation, an expanding network, and a customer-centric approach, Renault is poised for continued success and growth in the Indian automotive market.

Renault’s leading product line-up in India includes KIGER, TRIBER and KWID.

Renault KIGER launched in India in 2021 has already established itself as a Stunning, Smart and Sporty B-SUV. Renault KIGER is one of the most affordable offerings in the compact SUV segment with cost-effective maintenance. The company recently refreshed KIGER’s variant portfolio with enhanced value proposition and class leading safety features. Powered by a world-class turbocharged 1.0L petrol engine, KIGER not only offers more performance and a sporty drive, but also boasts best in-segment fuel efficiency of 20.62 KM/L. Renault KIGER has also been awarded with the 4-Star Safety Rating for Adult occupant safety by Global NCAP, the foremost global car assessment programme.

Renault TRIBER has been valued for the proposition that it offers in terms of outstanding quality, modularity, and attractive design with superior value packaging. Renault TRIBER offers the best level seating space in all rows that can accommodate one to seven adults in comfort in less than 4 meters. It also offers one of the largest boot space of 625L in its category. Renault TRIBER is built with best level safety features and boasts of a 4-Star Safety Rating for Adult occupant safety by Global NCAP.

Launched in 2015, Renault KWID is a breakthrough product in terms of design, innovation, and modernity. Renault KWID has redefined the entry segment in India led by its contemporary SUV-inspired design language offering best-in-class features and an economical cost of ownership. Enabled by its 98% localisation levels, Renault KWID makes it a strong ‘Make in India’ testament.