Category: Business

  • Nihilent’s Emoscape Secures Patent for Navarasa-Based Emotion Detection Framework

    Nihilent’s Emoscape Secures Patent for Navarasa-Based Emotion Detection Framework

    Pune (Maharashtra) [India], May 12: In a development that marks a meaningful step in the understanding of human emotions, Nihilent Ltd has secured a patent for its emotion detection framework from the South African Patent Office, marking a pivotal step in transforming how human emotions are understood, interpreted, and measured.

    • Patent recognition validates a structured, measurable approach to understanding human emotions
    • Emoscape’s innovation bridges ancient Indian wisdom and modern AI-driven emotional analytics

    The patented framework represents an integrated approach to understanding human emotions, combining foundational principles drawn from the Natyashastra’s Navarasa with extensive research, clinical insights, and proprietary AI and machine learning models. While the Navarasa provides a structured lens into how emotions manifest within the human body, the innovation lies in translating these principles into a scientifically developed, measurable, and scalable system through sustained research and collaboration with clinicians, psychiatrists, and psychologists.

    This integrated framework enables the detection of emotion at its source, capturing it at the point of first manifestation in the body, before it is shaped by expression, language, or behaviour, thereby establishing emotion as a foundational signal that influences downstream human outcomes.

    Commenting on the milestone, Mr. L.C. Singh, Founder and Executive Chairman of Nihilent Ltd., said: “Emotion sits deeper than expression, it shapes how we perceive, decide, and act. It exists upstream of behaviour, decisions, and even thought. What we have built is a system that allows emotion to be understood as a measurable human signal. This is only the beginning of how it can be applied across contexts.”

    The patented framework serves as the foundation of Emoscape, Nihilent’s flagship medical-grade emotion AI platform. Emoscape enables the objective detection and interpretation of human emotions through a precise one-minute, non-invasive interaction, requiring no sensors or wearables. Using a standard web camera, it analyses subtle upper-body micro-movements to derive an individual’s emotional state, translating them into a structured emotional profile. This establishes an objective method for assessing human emotions that is independent of cultural context, language, and subjective interpretation.

    Its medical-grade positioning is supported by distinct clinical and academic efforts. A validation study conducted with professors and psychiatrists from the National Institute of Mental Health and Neurosciences (NIMHANS) ecosystem focuses on establishing Emoscape’s ability to objectively determine emotional states. The manuscript has been submitted to the Journal of Visualized Experiments (JoVE) and is currently under review, with expected indexing on PubMed. Separately, a published, Scopus-indexed study with the Maharashtra University of Health Sciences (MUHS), an apex body overseeing over 600 medical institutions, established Emoscape as an objective method for identifying and measuring human emotions.

    Emotion as a new vital – now measurable through Emoscape.

    Emoscape is already being used across clinical environments, including hospitals, as well as in high-performance settings such as sports, education, and corporate ecosystems, where it is being adopted as a measurable vital, enabling earlier risk identification, more precise decision-making, and improved human outcomes.

    nSEPIA, powered by Emoscape, extends these capabilities into everyday use, enabling individuals to recognise, understand, and act on their emotional state in real time through targeted, scientifically grounded interventions, with the goal of maintaining emotional balance.

    The patent further reinforces Nihilent’s position in building a unified emotional awareness layer across contexts, making emotion a measurable and actionable input across industries.

    Nihilent is now preparing for a global rollout of both Emoscape and nSEPIA in the coming months, bringing real-time emotional awareness to individuals through nSEPIA, while Emoscape establishes emotion as a new measurable vital, across clinical, performance, and organisational contexts globally, together forming a unified emotional awareness layer across contexts, and redefining how individuals perceive, measure, and engage with emotions in a digitally connected world.

    About Nihilent

    Nihilent is a global consulting, products and solutions company specializing in business transformation, digital innovation, data analytics and technology solutions. Founded in 2000, it operates across multiple countries, helping organisations enhance efficiency, decision-making, and customer experience.

    At the intersection of technology and human behaviour, Nihilent has developed Emoscape, a medical-grade emotion AI platform, and nSEPIA, a consumer platform powered by Emoscape that enables real-time emotional awareness and targeted interventions reflecting Nihilent’s focus on building category-defining solutions that bridge technology, human behaviour, and ancient wisdom.

    https://www.nihilent.com/

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  • Sparx launches the unique Shoe-Style Sandals Under ‘Summer Swag’ Campaign

    Sparx launches the unique Shoe-Style Sandals Under ‘Summer Swag’ Campaign

    New Delhi [India], May 12: Sparx, one of India’s most popular athleisure footwear brands among youth, has unveiled its Spring-Summer collection with a strong focus on style and attitude, leading with its Shoe-Style Sandals under the Summer Swag campaign.

    Designed for today’s fast-moving lifestyle, the Shoe-Style Sandals reflect a shift in how young consumers approach footwear, seeking options that are not just functional, but also expressive. With Summer Swag, Sparx brings a more confident, effortless style language to the forefront, encouraging consumers to own their look with ease.

    Flexibility is a key part of the construction. The build allows natural foot movement, making it suitable for activities such as walking, light hiking, and everyday commuting. At the same time, the sole is designed to offer durability and traction, ensuring stability across different surfaces. Breathability also plays an important role, especially in warmer conditions. The open structure allows airflow, helping maintain comfort during long hours of use. Along with this, the overall design remains lightweight, making it easy to wear through the day without strain.

    Sporty, contemporary styling adds to its appeal, making it easy to pair across casual looks while standing out as a statement in itself. Lightweight construction, flexibility, and all-day comfort further enhance its usability, especially during the summer season.

    Speaking on the launch, Mr. Gaurav Kumaar Dua, Co-Chief Executive Officer & Whole Time Director, Relaxo Footwears Ltd, said, “As leaders in the sandals category, our focus has consistently been on strengthening that position through continuous product innovation. With evolving consumer expectations, there is a clear shift towards versatile, multi-purpose footwear, and the Shoe-Style Sandal is a direct response to this need. It brings together the structural support of a shoe with the breathability and style of a sandal, creating a differentiated space within the category. By launching Shoe-Style Sandals under the ‘Summer Swag’ campaign, we wanted to bring a sharper focus on style and attitude, especially for young consumers who see footwear as an extension of their personality.”

    With this launch, Sparx sets the tone for its Summer Swag campaign, with more style-led offerings to follow through the season.

    About Relaxo Footwears Ltd.

    Incorporated in 1984, Relaxo is the largest footwear manufacturer in India and has been serving the nation for four decades. Ranked among the top 500 Most Valuable Companies (Fortune 500 India), Relaxo is synonymous with quality products and affordable prices. It manufactures slippers, sandals, and sports & casual shoes.

    Its most popular brands – Relaxo, Sparx, Flite, and Bahamas – each lead their respective segments. Relaxo, an iconic brand known for its rubber slippers, is a versatile choice for all sections of society. Flite offers a stylish range of fashionable and semi-formal slippers. Sparx reflects the attitude, style, and energy of young India through its sports shoes, sandals, and slippers. Bahamas captures the spirit of freedom, fun, and youth through its vibrant flip-flops.

    With a pan-India distribution footprint, Relaxo also operates a strong network of 400+ exclusive retail outlets, and its products are widely available across major e-commerce platforms, large-format stores, and global markets.

    For More Information: https://relaxofootwear.com/collections/sparx

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  • Sparx launches the unique Shoe-Style Sandals Under ‘Summer Swag’ Campaign

    Sparx launches the unique Shoe-Style Sandals Under ‘Summer Swag’ Campaign

    New Delhi [India], May 12: Sparx, one of India’s most popular athleisure footwear brands among youth, has unveiled its Spring-Summer collection with a strong focus on style and attitude, leading with its Shoe-Style Sandals under the Summer Swag campaign.

    Designed for today’s fast-moving lifestyle, the Shoe-Style Sandals reflect a shift in how young consumers approach footwear, seeking options that are not just functional, but also expressive. With Summer Swag, Sparx brings a more confident, effortless style language to the forefront, encouraging consumers to own their look with ease.

    Flexibility is a key part of the construction. The build allows natural foot movement, making it suitable for activities such as walking, light hiking, and everyday commuting. At the same time, the sole is designed to offer durability and traction, ensuring stability across different surfaces. Breathability also plays an important role, especially in warmer conditions. The open structure allows airflow, helping maintain comfort during long hours of use. Along with this, the overall design remains lightweight, making it easy to wear through the day without strain.

    Sporty, contemporary styling adds to its appeal, making it easy to pair across casual looks while standing out as a statement in itself. Lightweight construction, flexibility, and all-day comfort further enhance its usability, especially during the summer season.

    Speaking on the launch, Mr. Gaurav Kumaar Dua, Co-Chief Executive Officer & Whole Time Director, Relaxo Footwears Ltd, said, “As leaders in the sandals category, our focus has consistently been on strengthening that position through continuous product innovation. With evolving consumer expectations, there is a clear shift towards versatile, multi-purpose footwear, and the Shoe-Style Sandal is a direct response to this need. It brings together the structural support of a shoe with the breathability and style of a sandal, creating a differentiated space within the category. By launching Shoe-Style Sandals under the ‘Summer Swag’ campaign, we wanted to bring a sharper focus on style and attitude, especially for young consumers who see footwear as an extension of their personality.”

    With this launch, Sparx sets the tone for its Summer Swag campaign, with more style-led offerings to follow through the season.

    About Relaxo Footwears Ltd.

    Incorporated in 1984, Relaxo is the largest footwear manufacturer in India and has been serving the nation for four decades. Ranked among the top 500 Most Valuable Companies (Fortune 500 India), Relaxo is synonymous with quality products and affordable prices. It manufactures slippers, sandals, and sports & casual shoes.

    Its most popular brands – Relaxo, Sparx, Flite, and Bahamas – each lead their respective segments. Relaxo, an iconic brand known for its rubber slippers, is a versatile choice for all sections of society. Flite offers a stylish range of fashionable and semi-formal slippers. Sparx reflects the attitude, style, and energy of young India through its sports shoes, sandals, and slippers. Bahamas captures the spirit of freedom, fun, and youth through its vibrant flip-flops.

    With a pan-India distribution footprint, Relaxo also operates a strong network of 400+ exclusive retail outlets, and its products are widely available across major e-commerce platforms, large-format stores, and global markets.

    For More Information: https://relaxofootwear.com/collections/sparx

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  • The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    Alembic City; curated green zones woven into the residential fabric, kind of thoughtful design

    Vadodara (Gujarat) [India], May 12: Choosing where to live is one of the most significant decisions you will ever make. The apartment size and floor plan matter, of course. But what truly shapes your daily quality of life is the neighbourhood around your front door. A well-chosen neighbourhood can turn a good home into a great life.

    So how do you assess a neighbourhood before committing? Here are five defining qualities that separate a truly liveable area from one that merely looks good on a map.

    1. Does the Neighbourhood Have Enough Green Space?

    Green space directly influences mental wellbeing, physical activity, and community bonds  it is not a decorative afterthought. Walk the neighbourhood at different times of day. Are parks maintained and actually used? At Alembic City, curated green zones are woven into the residential fabric, the kind of thoughtful design seen in projects like The Gardens II and Park Crescent, where landscape architecture and residential planning coexist rather than compete.

    2. Does Connectivity Actually Work for Daily Life?

    A neighbourhood’s value depends on where it connects you. Good connectivity means proximity to arterial roads, public transport, business districts, and airports. Don’t rely on GPS estimates  run a real commute test at peak hour. Whether you’re evaluating new residential projects in Vadodara or Bangalore, proximity to the city’s commercial hubs is a non-negotiable criterion.

    3. Are Everyday Conveniences Within Easy Reach?

    The luxury of a beautiful home fades fast if you’re driving 40 minutes for groceries. The best neighbourhoods function like self-sufficient ecosystems  schools, hospitals, supermarkets, and pharmacies all within a short radius. Apply the 20-minute test: can you complete your most common daily tasks within a 20-minute round trip? Alembic City is built around exactly this idea  everything a resident needs, from retail to recreation, accessible without a cross-town journey.

    4. Is the Neighbourhood Safe With a Strong Community Culture?

    Safety is not just about crime statistics, it’s the felt sense of security that lets your children play outside and allows you to take an evening walk without hesitation. Community culture matters equally. Gated communities and curated developments, such as those offering 3 BHK and 4 BHK luxury apartments in Vadodara, invest heavily in security infrastructure and community management, making this easier to evaluate upfront than in open neighbourhoods.

    5. Will the Neighbourhood Hold Its Value Over the Long Term?

    A neighbourhood worth living in today should be worth living in a decade from now. Research the developer’s track record  do they deliver on their promises? Is there a coherent urban vision or a patchwork of mismatched construction? Cities like Vadodara and Bengaluru are seeing strong real estate momentum, and areas where residential growth is backed by commercial development tend to produce more resilient, vibrant communities over time.

    Putting It All Together

    Green space, connectivity, daily convenience, community culture, and long-term planning neighbourhoods that score well across all five are built with a holistic vision, not a plot-by-plot approach. Projects like Gardens II, Cloud Forest, and Park Crescent at Alembic City reflect exactly this ambition: places designed not merely to be purchased, but to be lived in, fully.

    Before you sign on the dotted line, step outside the show flat. Walk the streets, test the commute, talk to a neighbour. The neighbourhood will tell you everything you need to know.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

    Alembic City; curated green zones woven into the residential fabric, kind of thoughtful design

    Vadodara (Gujarat) [India], May 12: Choosing where to live is one of the most significant decisions you will ever make. The apartment size and floor plan matter, of course. But what truly shapes your daily quality of life is the neighbourhood around your front door. A well-chosen neighbourhood can turn a good home into a great life.

    So how do you assess a neighbourhood before committing? Here are five defining qualities that separate a truly liveable area from one that merely looks good on a map.

    1. Does the Neighbourhood Have Enough Green Space?

    Green space directly influences mental wellbeing, physical activity, and community bonds  it is not a decorative afterthought. Walk the neighbourhood at different times of day. Are parks maintained and actually used? At Alembic City, curated green zones are woven into the residential fabric, the kind of thoughtful design seen in projects like The Gardens II and Park Crescent, where landscape architecture and residential planning coexist rather than compete.

    2. Does Connectivity Actually Work for Daily Life?

    A neighbourhood’s value depends on where it connects you. Good connectivity means proximity to arterial roads, public transport, business districts, and airports. Don’t rely on GPS estimates  run a real commute test at peak hour. Whether you’re evaluating new residential projects in Vadodara or Bangalore, proximity to the city’s commercial hubs is a non-negotiable criterion.

    3. Are Everyday Conveniences Within Easy Reach?

    The luxury of a beautiful home fades fast if you’re driving 40 minutes for groceries. The best neighbourhoods function like self-sufficient ecosystems  schools, hospitals, supermarkets, and pharmacies all within a short radius. Apply the 20-minute test: can you complete your most common daily tasks within a 20-minute round trip? Alembic City is built around exactly this idea  everything a resident needs, from retail to recreation, accessible without a cross-town journey.

    4. Is the Neighbourhood Safe With a Strong Community Culture?

    Safety is not just about crime statistics, it’s the felt sense of security that lets your children play outside and allows you to take an evening walk without hesitation. Community culture matters equally. Gated communities and curated developments, such as those offering 3 BHK and 4 BHK luxury apartments in Vadodara, invest heavily in security infrastructure and community management, making this easier to evaluate upfront than in open neighbourhoods.

    5. Will the Neighbourhood Hold Its Value Over the Long Term?

    A neighbourhood worth living in today should be worth living in a decade from now. Research the developer’s track record  do they deliver on their promises? Is there a coherent urban vision or a patchwork of mismatched construction? Cities like Vadodara and Bengaluru are seeing strong real estate momentum, and areas where residential growth is backed by commercial development tend to produce more resilient, vibrant communities over time.

    Putting It All Together

    Green space, connectivity, daily convenience, community culture, and long-term planning neighbourhoods that score well across all five are built with a holistic vision, not a plot-by-plot approach. Projects like Gardens II, Cloud Forest, and Park Crescent at Alembic City reflect exactly this ambition: places designed not merely to be purchased, but to be lived in, fully.

    Before you sign on the dotted line, step outside the show flat. Walk the streets, test the commute, talk to a neighbour. The neighbourhood will tell you everything you need to know.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Howrah (West Bengal) [India], May 12: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026.

    FY26 Key Financial Highlights

    • Total Income of ₹1,909 Mn, YoY growth of 30.5%
    • EBITDA of ₹294 Mn, YoY growth of 4.0%
    • EBITDA Margin stood at 15.4%
    • PAT of ₹162 Mn, YoY growth of 23.4%
    • PAT Margin stood at 8.5%

    Q4 FY26 Key Financial Highlights

    • Total Income of ₹605 Mn, YoY growth of 50.4%
    • EBITDA of ₹110 Mn, YoY growth of 34.1%
    • EBITDA Margin stood at 18.2%
    • PAT of ₹64 Mn, YoY growth of 43.5%
    • PAT Margin stood at 10.6%

    Commenting on the Company’s performance, Mr. Santosh Ladha, Managing Director said:

    We are pleased to report a robust and strong overall performance during the year. This growth reflects the increasing strength of our brand, expanding customer franchise, and the resilience of our business model, supported by a well-entrenched distribution network that has enabled deeper market penetration and sustained momentum across key regions.

    Over the years, we have steadily transformed from a garment manufacturing company into a rapidly emerging branded kidswear player, driven by a strong focus on product innovation, consumer centricity, and market expansion. Our scalable distribution-led platform and growing brand acceptance continue to reinforce our positioning and strengthen our long-term growth trajectory.

    As we enter the next phase of our growth journey, the launch of our dedicated Direct-to-Consumer (D2C) platform marks a significant strategic milestone in building a future-ready omnichannel ecosystem. This digital integration is expected to deepen customer engagement, expand our digital reach, unlock valuable consumer insights, and accelerate data-driven innovation, thereby creating a powerful foundation for scalable and sustainable long-term value creation.”

    About Iris Clothings Limited

    Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

    Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

  • Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

    Howrah (West Bengal) [India], May 12: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026.

    FY26 Key Financial Highlights

    • Total Income of ₹1,909 Mn, YoY growth of 30.5%
    • EBITDA of ₹294 Mn, YoY growth of 4.0%
    • EBITDA Margin stood at 15.4%
    • PAT of ₹162 Mn, YoY growth of 23.4%
    • PAT Margin stood at 8.5%

    Q4 FY26 Key Financial Highlights

    • Total Income of ₹605 Mn, YoY growth of 50.4%
    • EBITDA of ₹110 Mn, YoY growth of 34.1%
    • EBITDA Margin stood at 18.2%
    • PAT of ₹64 Mn, YoY growth of 43.5%
    • PAT Margin stood at 10.6%

    Commenting on the Company’s performance, Mr. Santosh Ladha, Managing Director said:

    We are pleased to report a robust and strong overall performance during the year. This growth reflects the increasing strength of our brand, expanding customer franchise, and the resilience of our business model, supported by a well-entrenched distribution network that has enabled deeper market penetration and sustained momentum across key regions.

    Over the years, we have steadily transformed from a garment manufacturing company into a rapidly emerging branded kidswear player, driven by a strong focus on product innovation, consumer centricity, and market expansion. Our scalable distribution-led platform and growing brand acceptance continue to reinforce our positioning and strengthen our long-term growth trajectory.

    As we enter the next phase of our growth journey, the launch of our dedicated Direct-to-Consumer (D2C) platform marks a significant strategic milestone in building a future-ready omnichannel ecosystem. This digital integration is expected to deepen customer engagement, expand our digital reach, unlock valuable consumer insights, and accelerate data-driven innovation, thereby creating a powerful foundation for scalable and sustainable long-term value creation.”

    About Iris Clothings Limited

    Founded in 2004 and headquartered in Howrah, West Bengal, Iris Clothings Limited is a publicly listed company engaged in the design, manufacturing, branding, and distribution of children’s apparel. With seven in-house manufacturing facilities and two warehousing units, the company operates a fully integrated model — allowing scale, speed, and quality control across product categories. Iris Clothings serves over 140 distributors and has a strong retail presence in 26 states across India. In addition to DOREME, the company has developed multiple brand verticals and continues to focus on affordable fashion innovation. Iris Clothings Limited has been listed on NSE since 2018.

    Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political, or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

  • Gaurik Fashions Eyes Retail Expansion With IPO Filing; DRHP Includes Fresh Issue of 62 Lakh Shares

    Gaurik Fashions Eyes Retail Expansion With IPO Filing; DRHP Includes Fresh Issue of 62 Lakh Shares

    Mumbai (Maharashtra) [India], May 12: Gaurik Fashions has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), aiming to raise capital to expand its premium fashion and lifestyle retail network across India.

    The proposed IPO comprises a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund. The company intends to list its equity shares on both the National Stock Exchange (NSE) and the BSE.

    The IPO proceeds are proposed to be utilised for the expansion of the company’s retail footprint through new stores for the global footwear and apparel brand Skechers. The company will also invest in its wholly owned subsidiary, Gaurik Lifestyle to open additional outlets for Guess and in subsidiary, Nuvora Retail, for launching new Bugatti stores and supporting inventory requirements.

    Apart from expansion, the company plans to allocate funds towards repayment and prepayment of certain borrowings at both the company and subsidiary levels, along with meeting general corporate purposes.

    Credora Partners and Unistone Capital are acting as the book-running lead managers to the issue, while MAS Services has been appointed as registrar.

    As of March 2026, Gaurik Fashions operated 59 stores across 14 states and Union Territories, retailing footwear, apparel and accessories through partnerships with international brands. Its stores are present in premium retail destinations such as DLF Mall of India, Select Citywalk, DLF CyberHub, and Inorbit Mall.

    The company also highlighted improving operational performance in its DRHP. EBITDA margin expanded to 26.14 per cent, while key brand metrics remained robust. During the period ended December 31, 2025, Skechers recorded average revenue per square foot of ₹16,157 and an average selling price of ₹4,284. Guess reported an average order value of ₹11,303, while Bugatti achieved an average revenue per square foot of ₹46,636.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026

    Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026

    Bengaluru (Karnataka) [India], May 11: Kennametal India Limited (KIL) reported revenues of ₹4031 million for the quarter ended March 31, 2026, representing a growth of 39% compared to ₹2896 million in the corresponding quarter of the previous year. Profit Before Tax (PBT) for the quarter stood at ₹692 million, an increase of 111% over ₹328 million in Q3 FY25.

    Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, said, “Our strong performance during the quarter reflects our ability to leverage our diversified product portfolio and capitalize on favorable macroeconomic conditions to drive volume expansion. At the same time, we are actively managing our tungsten supply chain and remain focused on operational excellence to meet our customers’ needs.”

    As part of a long-term growth strategy, Kennametal India is committed to advancing manufacturing excellence, expanding its market presence, and delivering superior value to shareholders.

    KIL announced an Interim dividend of ₹40 per share for FY26.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Patil Automation Posts Robust FY26 Performance; PAT Jumps 35%, Revenue Up 28%

    Patil Automation Posts Robust FY26 Performance; PAT Jumps 35%, Revenue Up 28%

    Pune (Maharashtra) [India], May 9: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, has announced its Audited Financial Results for H2 FY26 and FY26.

    H2 FY26 Standalone Key Financial Highlights

    • Total Income of ₹83.27 Cr, YoY growth of 35.26%
    • EBITDA of ₹13.73 Cr, YoY growth of 55.39%
    • EBITDA Margin stood at 16.49%, improved by 214 bps YoY
    • Net Profit of ₹8.32 Cr, YoY growth of 49.06%
    • Net Profit Margin stood at 9.99%, improved by 92 bps YoY
    • Diluted EPS of ₹3.81, YoY growth of 6.72%

    FY26 Standalone Key Financial Highlights

    • Total Income of ₹156.82 Cr, YoY growth of 28.49%
    • EBITDA of ₹26.69 Cr, YoY growth of 38.55%
    • EBITDA Margin stood at 17.02%, improved by 124 bps YoY
    • Net Profit of ₹15.85 Cr, YoY growth of 35.41%
    • Net Profit Margin stood at 10.10%, improved by 52 bps YoY
    • Diluted EPS of ₹7.71, YoY growth of 1.18%

    H2 FY26 Consolidated Key Financial Highlights

    • Total Income of ₹99.04 Cr
    • EBITDA of ₹17.66 Cr
    • EBITDA Margin stood at 17.83%
    • Reported Net Profit of ₹10.25 Cr
    • Reported Net Profit Margin stood at 10.35%
    • Diluted EPS of ₹4.70

    FY26 Consolidated Key Financial Highlights

    • Total Income of ₹172.79 Cr
    • EBITDA of ₹30.65 Cr
    • EBITDA Margin stood at 17.74%
    • Reported Net Profit of ₹17.78 Cr
    • Reported Net Profit Margin stood at 10.29%
    • Diluted EPS of ₹8.65

    The Company got listed on the NSE SME platform w.e.f July 23, 2025; therefore, financial results for the six months ended March 31, 2025, are not applicable.

    The Holding Company acquired shares in its Subsidiary Companies on September 19, 2025. The consolidated financial statements have been prepared for the first time for the year ended March 31, 2026. Accordingly, no comparative figures for the previous year have been presented.

    Commenting on the financial performance, Mr. Manoj Patil, Promoter and Managing Director of Patil Automation Limited, said: “FY26 has been a landmark year for Patil Automation, marked not only by our successful listing on the NSE SME platform but also by strong growth across key financial and operational parameters. Our performance reflects healthy demand, disciplined execution, and continued customer confidence in our automation solutions.

    During the year, we strengthened our capabilities through the commissioning of the Faridabad facility and the inauguration of our Advanced Design Hub in Pune, further enhancing our manufacturing reach and engineering strength. We also marked our entry into emerging clean energy opportunities through the incorporation of PAL Green Energy.

    With a healthy order pipeline, expanding capabilities, and a continued focus on operational excellence, we remain well positioned to sustain our growth momentum going forward.”

    Recent Key Business Highlights

    Strategic Expansion & Infrastructure Development  • Incorporated PAL Green Energy, marking entry into clean energy opportunities.
    • Commissioned the Faridabad facility, strengthening North India presence.
    • Inaugurated the Advanced Design Hub in Pune to enhance engineering capabilities.