Thank you for pointing out this nuance. Would love to get in touch with you to discuss this more in depth. Could you please share your email? I am at [email protected]

Aakriti Bhalla The Ken, Staff Writer

The co was not willing to talk. 100% would have been better to visit and speak to them. Happy to take this conversation forward with you. I am at [email protected]

Aakriti Bhalla The Ken, Staff Writer

Right. Per the company release, his full name is Joseph Conrad Agnelo D'Souza.

Aakriti Bhalla The Ken, Staff Writer

Happy to hear more about exact pointers that you were seeking and were possibly missing, Anirudh. I am at [email protected]

Aakriti Bhalla The Ken, Staff Writer

Hi Dhaval. The LRS numbers in copy are for 2024. And the number in chart that you are referring to are for first six months of 2025. There is a note below that mentions that.

Aakriti Bhalla The Ken, Staff Writer

Fair enough, Divya. To be fair, the third and fourth gen founders don't find the returns of traditional industries as exciting. Textiles is crucial and does provide livelihood to so many, so does diamond industry, but the sector at large has been affected by global factors. Reference - https://www.business-standard.com/industry/news/us-tariff-impact-india-readymade-garment-crisil-forecast-125082600893_1.html; https://www.deccanherald.com/business/us-tariff-brings-the-hammer-down-on-already-beleaguered-diamond-industry-3716326. Having said that, even within textiles, many are moving towards building own brands instead of doing B2B. Snitch, Rareism, The Bear House are a few brands that come to mind. So even within textiles, there is a shift away from hardcore manufacturing into brand building. Think that's the point we are trying to make.

Aakriti Bhalla The Ken, Staff Writer

Thanks for reading, Rajeev.

Aakriti Bhalla The Ken, Staff Writer

Hi Vinay! Thank you for reading. And thanks for the insight. Probably trying to target corporate employees travelling between Mumbai and Pune? But apart from the old school (but effective) way of reaching out to potential consumers, they focus extensively on digital marketing. People usually read/ research about watches online first, and then eventually the final purchase happens offline. Experts I spoke to mentioned how discovery usually happens on Instagram or other social media.

Aakriti Bhalla The Ken, Staff Writer

Hi, Govind. We have made a comparison between Zara and other high street fashion brands like H&M, Uniqlo & M&S. That's how they are compared across market research firms and analysts circles as they are comparable in terms of price range, category, et al. And about bringing up Zudio, we are not comparing the price points, we are looking at how Zudio has got more attention, and Zara has got less attention within the Trent ecosystem.

Aakriti Bhalla The Ken, Staff Writer

Hi, Mitali. Our objective was not to belittle any team within the company. This was a story about where ice cream figures in the larger scheme of things for HUL, so it was important to find different ways to understand how keen HUL is (or was) on growing the business. And the comment you’re alluding to was just that and nothing more.

Aakriti Bhalla The Ken, Staff Writer

Hi Ankit. We made an error here and have now corrected it. Apologies for the error.

Aakriti Bhalla The Ken, Staff Writer

Hi Bhawna. We made an error in framing the sentence. Instead of turnover, we mentioned the market cap figure. Apologies for the miss.

Aakriti Bhalla The Ken, Staff Writer

Hi Abhilash. Thank you so much. From what I gathered from restaurant owners, ONDC has not picked up as much and there is still a lot that needs to be done to build awareness amongst customers, and for processes to smoothen within the platform. Many are listing themselves on the seller side of ONDC. Thrive is one example. But from what one knows so far, the idea to subvert the pyramid is really good but we will have to see how it picks up.

Aakriti Bhalla The Ken, Staff Writer

Hi Vivek, point well taken.

Aakriti Bhalla The Ken, Staff Writer

Thank you!

Aakriti Bhalla The Ken, Staff Writer

Not a quip, Vansh. That's what investment bankers are supposed to do. Long term, it's anybody's guess how the stock performs.

Aakriti Bhalla The Ken, Staff Writer

Interesting question, Mohit. Probably because the book runners, the likes of JP Morgan, Citi and Kotak in this case, know how to do their jobs well. :)

Aakriti Bhalla The Ken, Staff Writer

Hi Manjari. Thank you. He means Saas (Software as a service) industry in general. So funding wave for new age Saas startups.

Aakriti Bhalla The Ken, Staff Writer

Fair point, Arjun. One way to look at it is from pre and post 2015 like you suggested. But the way we picked the brands was based on data on digital-first brands which have been frontrunners also in terms of the amount of capital they have raised (available on Tracxn). Another common thread is how most of the brands have been backed by venture capital money. Having said that, there are a lot of challenges to scale offline even for brands who have a chunk of their sales coming in from MT/GT channel. Challenges being - reaching x number of pinches, maintaining distributor relationships, inventory turnover and so on.

Aakriti Bhalla The Ken, Staff Writer

Thank you, Ravi!

Aakriti Bhalla The Ken, Staff Writer