Gio - July 2014 - Retail Industry

8/11/2019 Gio - July 2014 - Retail Industry

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Industry Observer

Retail

Vol. 07/July - 14

CCOONNTTEENNTTSSINDUSTRY UPDATES .........................................................................................................2

NEW PRODUCTS............................................................................................................................ 2NEW STORES .................................................................................................................................. 2OPERATIONS .................................................................................................................................. 2INVESTMENTS ............................................................................................................................... 2MERGERS AND ACQUISITIONS ................................................................................................ 2

INDUSTRY WATCH.............................................................................................................3NEW PRODUCTS............................................................................................................................ 3

NEW STORES .................................................................................................................................. 3OPERATIONS .................................................................................................................................. 4

INVESTMENTS ............................................................................................................................... 6

MERGERS AND ACQUISITIONS ................................................................................................ 7

INDUSTRY STATISTICS ..................................................................................................10PRODUCT ANALYSIS .......................................................................................................11

FAST FOOD RESTAURANTS ..................................................................................................... 11(FOOD SERVICE RETAILING) ................................................................................................... 11

OVERVIEW .................................................................................................................................... 11HISTORY ........................................................................................................................................ 11GLOBAL SCENARIO.................................................................................................................... 12

THREATS........................................................................................................................................ 13

INDIAN SCENARIO ..................................................................................................................... 13GOVERNMENT INCENTIVES ................................................................................................... 15

ISSUES & CHALLENGES OF FFR .............................................................................................. 15OUTLOOK ...................................................................................................................................... 16

COMPANY ANALYSIS ......................................................................................................17KEWAL KIRAN CLOTING LTD ................................................................................................ 17OVERVIEW .................................................................................................................................... 17BUSINESS STRATEGY ................................................................................................................. 17

FINANCIALS OF THE COMPANY ........................................................................................... 18COST STRUCTURE ANALYSIS .................................................................................................. 19

MARKET INDICATORS .............................................................................................................. 20

COMPETITORS ............................................................................................................................. 21SWOT ANALYSIS ......................................................................................................................... 21FUTURE STRATEGIES ................................................................................................................. 22

FUTURE PERFORMANCE .......................................................................................................... 22

MARKET INDICATORS ...................................................................................................23UPCOMING EVENTS AND CONFERENCES ..............................................................25

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Industry Observer - Retail

INDUSTRY UPDATES

NEW PRODUCTS

UK : Retailers launch new products for baby market

NEW STORES

UK : Stradivarius to open first store UK : John Lewis opens first airport store at Heathrow Terminal 2 Japan : Rakuten opens up first cafe in Tokyo China : Walmart to open 30 new stores India : EVOK opens its first outlet in Thane

OPERATIONS

USA : Fresh & Easy expands Wild Oats line USA : CDON Group introduces the payment solution Qliro USA : J&P Sales introduces online store- JPoutdoorlife.com USA : Hachette Group Book Shop launches on Booksamillion.com USA : IronPlanet launches online marketplace for used equipment USA : REEDS Jewelers now accepting Bitcoin in all retail stores UK : Sainsburys opens 200th convenience store in London UK : New Waitrose opens on Camden high street China : Alibaba launches US-based shopping site India : Clay Craft Group diversifies into furniture segment

INVESTMENTS

France : Carrefour plans investment in India amid exit speculation India : Flipkart raises US$210mn in investor funding India : Snapdeal raises US$100mn from 5 investors India : Bata to invest Rs1000mn in FY15

MERGERS AND ACQUISITIONS

USA : Lockard announces the sale of 7 acres in McAllen Texas to Wal-Mart Stores

USA : Weston Group receives ICA nod to acquire stake in Arnotts UK : Primark to buy Birmingham shopping centre for 60mn UK : Tesco Direct partners with House of Fraser Europe : UNFI to seek add-ons to Tony's acquisition Australia : MySale acquires Cocosa Singapore : SingPost and Alibaba Group to form strategic collaboration China : Tesco partners with Resources to create multi-format chain India : Flipkart acquires online fashion retailer Myntra India : Xerox partners with Flipkart to launch range of cartridges




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INDUSTRY WATCH

NEW PRODUCTS

UK : Retailers launch new products for baby marketA string of retailers have launched new baby initiatives and products despite new figuressuggesting that the recession in baby boom is coming to an end. Tesco have launched theirfirst ever multi-channel baby food festival which offers parents tips and advice on how tolook after their child. The UKs biggest retailer is now selling pampers nappies for just 8peach as it targets families amid discounter pressure. It also revealed that 35% of parents arenow using the internet for baby tips rather than from a health visitor or GP, a stat itdescribed as surprising. Marisa Lawlor, category director at Tesco said its aim was to helpall its customers through this exciting and sometimes challenging stage of their babysdevelopment, both during its Baby Feeding Festival and beyond. Organic food brand RhugOrganic Farm have joined forces with organic food firm Plum UK to create two new baby

food products - in Aberdeen angus beef and organic lamb and bean & beef ragout andminted pea and lamb roast flavours.

NEW STORES

UK : Stradivarius to open first storeZaras sister brand Stradivarius is to open its first UK store at Londons Westfield Stratford.The retailer, aimed at 20 to 35 year-old women, will open a 390 sq m store in October 2013and is the sixth Inditex brand to open up in the UK. The name Stradivarius originated fromstringed instrument crafter Antonio Stradivari but has since become a superlativeexpression, meaning the absolute best. The store follows its UK e-commerce site launch in

October last year. Spending by foreign tourists in Britain is set to surge 34% to over 27bn ayear by 2017. London now houses more international retail brands than any other city as itcements its reputation as one of the biggest shopping capitals of the world. 31 internationalretailers opened stores for the first time in London last year including Tom Ford and J Crew.

UK : John Lewis opens first airport store at Heathrow Terminal 2John Lewis has opened its first ever airport shop at the 2.5bn Heathrow Terminal 2. The3,600 sq ft shop is located on the top floor of the departure lounge and is part of the firstimpression for passengers passing through security. The shop curates John Lewis home,fashion, gifting and seasonal ranges and will showcase own-brand products, designercollaborations and exclusives. Brands on sale include Weekend Collection by John Lewis

and Croft as well as brands such as Orla Kiely home, Charbonnel and Walker, Hackett andBarbour. Terminal 2 will offer John Lewis access to one of the most concentrated, valuableand influential markets in the world.

Japan : Rakuten opens up first cafe in TokyoRakuten has dipped its toe into the offline world by opening up its first caf in Tokyo, Japan.The 85 seat caf will allow people to use Rakutens onl ine services such as marketplaceIchiba, as well as Kobo ebooks and free Wi-Fi. Rakuten hopes to create a venue that willintroduce new audiences to its services and to offer an additional marketing channel forIchiba merchants. Waterstones launched a tie-up with Amazon to stock ebooks andlaunched in-store cafes two years ago. According to Ofcom, Kindle dominates the UK e-

bookmarket with 79% using Kindle to download, access or sharing e-books. Kobo (WHSmith) was used by 5% and Waterstones was used by 3%.




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China : Walmart to open 30 new storesWalmart China has outlined plans to open around 30 stores and additional distributioncenters in China, as part of the three-year growth plan announced last October. The storeswill be a combination of both Walmart Supercenters and Sam's Clubs. Supercenters will be

opened is cities such as Shanghai, Changchun of Jilin Province, Wuhan of Hubei Province,Changsha of Hunan Province, Chengdu of Sichuan Province and Nanning of GuangxiZhuang Autonomous Region. The company also plans to open in more third and fourth tiercities, including Fuyang of Zhejiang Province, Xingtai of Hebei Province, Youxian of HunanProvince, Wenshan of Yunnan Province, Chifeng of Inner Mongolia and Nanchang Countyof Jiangxi Province. According to Walmart China's incoming president and CEO SeanClarke, in 2014, Walmart would continue upgrading its business in China to meet the needsof the market.

India : EVOK opens its first outlet in ThaneEVOK, Hindware Home Retail Pvt. Ltd. a premium home solutions enterprise expanded its

retail footprint with the opening of its Thane store in Maharashtra. Located at Hypercity,Viviana Mall, this store will exclusively engage in providing design solution for ModularKitchens, Wardrobes and Entertainment units. Spread over 700 sq ft, the store displays anarray of premium range of modular kitchen, wardrobe and entertainment units. The Thanestore with its experiential interior dcor displays a wide collection of living and kitchenconcepts. It is an ideal destination for consumers looking to remodel their kitchens,decorating or redecorating their living space or trying to discover novel yet trendy space

OPERATIONS

USA : Fresh & Easy expands Wild Oats line

Fresh & Easy, El Segundo, Calif., is partnering with Wild Oats to introduce several neworganic and fresh food products under the Wild Oats label. Organic items will include milk,almond milk, salads, sandwiches, sliced breads and hummus, all of which will adhere toUSDA guidelines for organic certification. Fresh, non-organic items from Wild Oats willinclude cage-free eggs, which carry a laid-on date; handmade tuna salad sandwiches,fresh mozzarella and original parfaits. Fresh & Easy already offers a handful of productsunder the Wild Oats label. Fresh & Easy CEO Jim Keyes said it is excited about bringinginnovative new products to its customers and believed that fresh is the natural evolution inorganic food offerings. Wild Oats products have been a huge hit and contribute to itsmission to make Fresh & Easy the preferred destination for convenient, affordable and high-quality foods.

USA : CDON Group introduces the payment solution QliroCDON Group, the leading e-commerce group in the Nordic region, will launch the first pilottest of its in-house payment solution Qliro through the newly formed subsidiary Qliro AB.The pilot test, including invoice- and instalment payments, will start for Members.com'sSwedish customers and then be evaluated on an ongoing basis. Paul Fischbein, Presidentand CEO of CDON Group said by offering customers invoice payments and instalmentpayments via Qliro, it would gain greater control over the value chain and an opportunity toextend its customer relationships.

USA : J&P Sales introduces online store- JPoutdoorlife.com

Idaho-based internet company, J&P Sales LLC, introduced its new online store atwww.JPoutdoorlife.com. It operates as an electronic commerce (e-commerce) website and




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sells a wide array of outdoor products including camping essentials, flashlights, huntingnecessities, knives, lights, outdoor cooking items, and tools. The company plans to add to itsinventory in the upcoming months as new items are introduced. Founded as a customerservice focused company, J&P Sales LLC is committed to providing visitors of its new online

store with high quality products and transactions. Items purchased can be shippedanywhere in the United States and all major credit cards including PayPal accounts areaccepted.

USA : Hachette Group Book Shop launches on Booksamillion.comBooks-A-Million has announced that they now have a shop on their website dedicated toHachette titles, which can be found at www.booksamillion.com/hbg. This new featurespotlights well-known Hachette authors such as James Patterson, Scott Turow, DavidSedaris, and T.D. Jakes among others. Books-A-Million's commitment to offer theircustomers a discount of up to 30% off a wide selection of Hachette Book Group pre-ordertitles, and 40% off select current Hachette titles. The discount is Books-A-Million's way of

thanking customers for their continued support of Hachette and their many authors.Readers would be able to receive the books they want in a timely manner, without hassleand at a great price according to Jeff Skipper, Books-A-Million's Vice President of Marketing.

USA : IronPlanet launches online marketplace for used equipmentIronPlanet, the leading online marketplace for buying and selling used heavy equipment,has launched allEquip.com, an online, "buy now" marketplace of used constructionequipment for sale at competitive prices. IronPlanet's allEquip offers online buyers theconvenience of a 'buy now' marketplace for the ready-to-work equipment they need now,said Greg Owens, CEO, IronPlanet. With a wide selection of equipment, buyers canpurchase equipment online at competitive prices with confidence knowing the equipment

was inspected and guaranteed. It is committed to making the buying and selling ofequipment faster and easier. The allEquip 'buy now' marketplace gives sellers anotheroption to sell their equipment in addition to IronPlanet's auctions - both having access toIronPlanet's global buyer base of over one million potential buyers.

USA : REEDS Jewelers now accepting Bitcoin in all retail storesREEDS Jewelers, one of the country's largest jewelry store chains, announced it is nowaccepting bitcoin for payment in all 64 retail locations and online at www.REEDS.com. Inaddition to fine jewelry and watches, REEDS is offering customers the ability to use bitcointo buy gold ingots and diamonds complete with GIA grading reports. According to AlanZimmer, President& CEO, REEDS Jewelers has aimed for excellence in customer service and

providing the latest innovations to enhance the shopping experience. REEDS was one of thefirst jewelers with a digital presence, launching its website in 1998, and being the first fine

jeweler to accept bitcoin in all retail locations and online at REEDS.com is a naturalevolution.

UK : Sainsburys opens 200th convenience store in LondonSainsburys announced the opening of its 200th convenience store in London as theShepherds BushRoad Sainsburys Local opened its doors in Hammersmith. The retailer hasover 630 convenience stores nationwide and it is currently opening about two conveniencestores every week. Sainsburys director of convenience Simon Twigger said it was delightedto open its 200th store in London. He said that people wanted to shop locally and frequently,

and that is why its stores are conveniently located in the places that people want and need




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them. The retailer plans to open 50 new stores by early 2014, with Sainsburys Locals nowaccounting for 27% of the UKs convenience market growth.

UK : New Waitrose opens on Camden high street

Waitrose has announced the opening of its first store in Camden. The new store offers abakery, range of take-away sandwiches, wine department and John Lewis Click and Collectservice. The store received over 2,000 applications for 60 roles created at the new branchaccording to Tom Sanger, opening branch manager at Waitrose Camden. Camden Town isan area full of character, renowned for its unique food markets. It cant wait to play its partin building on the towns reputation for quality food, and attracting even more people to thearea.

China : Alibaba launches US-based shopping siteAlibaba has launched 11 Main, an online retail site for unique goods and crafts that caters toUS market as it looks to expand its presence in the country ahead of its big-ticket IPO. With

11 Main, Alibaba which is bigger than giants like Amazon and eBay combined is takingthem on their own turf. The site aims to create an online experience that resembles the local"Main Street" shopping experience in the US, and will feature a clean look and modernlayout. It will be "invitation-only" and will host more than 1,000 upscale specialty shops andboutiques that sell clothing, accessories, interior goods, arts and crafts. 11 Main will alsooffer subject sellers and their products to review, which is seen as an attempt to combatcounterfeit goods.

India : Clay Craft Group diversifies into furniture segmentIndias leading multi facility manufacturer and retailer of fine bone china and premiumplastic crockery maker, Clay Craft Group has announced the diversification into Furniture

Industry. Group has entered into retailing of moulded furniture through its existing panIndia network. Under Crown Craft brand name, the group has started manufacturingmoulded plastic chairs, tables and gradually it will increase its products basket. Crown CraftIndia, the group company, is already manufacturing and retailing the premium plasticcrockery since 2009. Its product range includes premium plastic tableware, bathware,thermoware, storage and pet bottle used in a household. Rajesh Agarwal, ManagingDirector, Clay Craft Group sad being a renowned brand, Clay Craft, it found opportunity inthe area of branded furniture segment.

INVESTMENTS

France : Carrefour plans investment in India amid exit speculationCarrefour has firmed up its plans to invest US$24.4mn into its Indian subsidiary, amidspeculations about its exit from the country. The company is looking to sell its India assets,after talks with Bharti Retail failed. Following this, it has appointed KPMG to oversee thesale process. Carrefour launched its operations in the country in 2010 by setting up awholesale business. So far, the retailer has invested close to US$75.9mn. Presently, Carrefourhas five stores in the cash-and-carry format -- one each in Bangalore, Jaipur, Delhi, Meerutand Agra. Carrefour's new strategy globally was to refocus on its core countries where it hadstrong positions.

India : Flipkart raises US$210mn in investor funding

India's largest e-tailer Flipkart has raised US$210mn in a fresh round of funding from agroup of four investors led by DST Global, a leading Internet-focussed investment group.




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UK : Primark to buy Birmingham shopping centre for 60mnFast fashion retailer Primark could finalise a surprising deal to buy a Birmingham shoppingcentre for 60mn. Half of the 250,000 sq ft Pavilions shopping centre will be used as one ofPrimarks largest stores, with the other half rented out to other retailers. Waterstones, M&S

and Evans currently have stores at the centre. The retailer has opened stores in nineEuropean countries including France recently and will open its first US store in Boston nextyear. Associated British Foods, who own Primark is in talks to buy Dorset Cereals fromWelness for around 50mn. Primark have reported strong results in April, as profits soared26% to 298mn in six months.

UK : Tesco Direct partners with House of FraserTesco has announced that customers can now earn Clubcard points on House of Fraserhomeware products, following a new partnership which sees the department store joiningover 50 Tesco Partners on Tesco Direct. Tesco director Ian Caminsky said it wanted to offerits customers a fantastic shopping experience, however, whenever and wherever they

choose to shop with Tesco. This partnership is an exciting opportunity to share a trulyinspirational shopping experience with even more customers. It bring over 160 years ofdepartment store retail experience, so there is huge potential to create a great workingrelationship between our businesses.

Europe : UNFI to seek add-ons to Tony's acquisitionUnited Natural Foods, Inc., Providence, R.I., plans to seek further acquisitions in the proteinspace over time to supplement the business it will add from acquiring Tonys Fine F oods,Steven L. Spinner, UNFIs president and CEO. UNFI is in the process of completing itsacquisition of West Sacramento, Calif.-based Tonys, which distributes meat, seafood, deli,cheese and bakery items to West Coast retailers. Tonys acquisition provides UNFI with a

unique competitive advantage as it allows the firm to offer a fuller suite of high-growthproducts compared to competitors.

Australia : MySale acquires CocosaMySale, backed by billionaire Sir Philip Green, has acquired Cocosa, a luxury flash sales site,as it prepares to foray into UK market. Cocosa offers designer fashion and homewares at afraction of their original retail price. MySale, in which Sir Philip has a 25% stake, also boughta database of more than 800,000 customers besides Cocosa brand. The online space is fast-paced and competition is increasing, so now is a great time to introduce Cocosa.com's loyalcustomers to a wonderful opportunity to benefit from MySale's global infrastructure andscale across all of markets, according to MySale founder and chairman Jamie Jackson. The

acquisition of Cocosa.com gives a fabulous foundation to build on as it finalise its plans forits UK launch.

Singapore : SingPost and Alibaba Group to form strategic collaborationSingPost and Alibaba Group Holding Limited (Alibaba Group) a wholly-owned subsidiaryof Alibaba Group Holding Limited, have entered into an investment agreement under whichAlibaba Investment Limited will invest S$312.5mn to purchase 30 million existing ordinaryshares held in treasury by SingPost and 190.096 million new ordinary shares and take a10.35% stake in SingPost upon completion. Both companies also signed a memorandum ofunderstanding (MOU) which will allow them to discuss and negotiate a joint venture (JV) inrespect of the business of international e-commerce logistics. This strategic business

cooperation will also tap into other e-commerce opportunities in Southeast Asia and beyondby providing amongst other things, greater access to SingPosts international logistics




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INDUSTRY STATISTICS

FURNITURE AND HOME FURNISHING STORE SALES-US

Furniture and HomeFurnishing Store Sales-US

Year US$2001 91.482002 94.442003 96.742004 103.76

2005 109.122006 112.82007 111.142008 99.562009 86.262010 87.292011 90.072012 97.392013 101.41

Source: Market Source; SKBKS

80

85

90

95

100

105

110

115

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

US$

Furniture and Home Furnishing store Sales-US





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PRODUCT ANALYSIS

FAST FOOD RESTAURANTS(FOOD SERVICE RETAILING)

OVERVIEW

A fast food restaurant (FFR), also known as a quick service restaurant (QSR) within theindustry, is a specific type of restaurant characterized both by its fast food cuisine and byminimal table service. Food served in fast food restaurants typically caters to a meat-sweetdiet and is offered from a limited menu is cooked in bulk in advance and kept hot, it isfinished and packaged to order and is usually available ready to take away, though seatingmay be provided. Fast food restaurants are typically part of a restaurant chain or franchiseoperation, which provisions standardized ingredients and partially prepared foods andsupplies to each restaurant through controlled supply channels.

Variations on the fast food restaurant concept include fast casual restaurants and cateringtrucks. Fast casual restaurants have higher sit-in ratios, and customers can sit and have theirorders brought to them. Catering trucks often park just outside worksites and are popularwith factory workers.

HISTORY

Some trace the modern history of fast food in America to 1912, with the opening of a fastfood restaurant called the Automat in New York. The Automat was a cafeteria with itsprepared foods behind small glass windows and coin-operated slots. Joseph Horn and FrankHardart had already opened the first Horn & Hardart Automat in Philadelphia in 1902, but

their Automat at Broadway and 13th Street, in New York City, created a sensation.Numerous Automat restaurants were built around the country to deal with the demand.Automats remained extremely popular throughout the 1920s and 1930s. The company alsopopularized the notion of take-out food, with their slogan Less work for Mother.

Some historians andsecondary schooltextbooks concur thatA&W, which opened in1919 and beganfranchising in 1921,was the first fast foodrestaurant. Thus, theAmerican companyWhite Castle is generally credited with opening the second fast-food outlet in Wichita,Kansas in 1921, selling hamburgers for five cents apiece from its inception and spawningnumerous competitors and emulators. The McDonalds Speeded Service System and, muchlater, Ray Krocs McDonalds outlets and Hamburger University all built on principles,systems and practices that White Castle had already established between 1923 and 1932.

Products, operations & technology:Products include simple, average-quality food, which istypically packaged to-go for consumption off-premise. Companies may specialize incertain types of cuisine or entre item. Hamburger restaurants represent about 45% ofindustry revenue, while pizza parlors account for about 15% of the industry. Otherrestaurants serve chicken items, Mexican food, and submarine-style sandwiches

TYPES OF FAST FOOD IN FFRsBurgers 24-Hour Breakfast Fish & Chips PizzaItalian Sandwich/Subs Chinese JapaneseMexican Delis Crepes BBQSteaks Salads Buffalo Wings Hot DogsFried Chicken Wraps Grilled Cheese Gyros

Healthy Pitas Fresh Food Sausage BagelsIndian Noodles Natural/Organic Grilled




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Global major players Starbucks McDonalds Taco Bell

Dominos Pizza Pizza Hut Burger King KFC Dukin Donuts Subway Panera Bread

GLOBAL SCENARIO

The Global FFR is only one component of the wider food service sub-sector, including cafes,cafeterias, full-service restaurants, casual dining, coffee shops, street stalls and takeout

stands.

US Market: The fast food industry in the United Statesgenerated approximately US$191bn in 2013. By 2018, this figureis forecasted to exceed US$210bn. The majority (77.3%) of thislarge market is comprised of on-premises restaurants and drive-throughs, the rest consists of off-premises dining (take out) and

cafeterias and buffets. In 2013, there were more than 232thousand fast food establishments in the U.S., employing overthree and a half million people.

The ever-growing U.S. fast food industry has produced anumber of household brand names, both domestically andglobally. Perhaps the most well-known is McDonalds. With abrand value of almost US$86bn, McDonalds was by far themost valuable fast food brand in the world in 2014, surpassing its closest competitorStarbucks by a massive 60 billion. In 2013, McDonalds was also the largest fast foodcompany in terms of revenue, followed by sandwich chain Subway and Yum! Brands,

parent of Taco Bell, KFC and Pizza Hut. Despite generating the most money, McDonaldshas received lower-than-average customer satisfaction ratings in recent years. In 2014, thecompany was ranked last out of 21 popular U.S. burger chains for the taste of its burgers.

European Market:The European fast food movement began in the 1970s with the entranceof large US chains such as McDonalds, Burgar King and European GB Quick. The quickservice restaurant market leader in Europe is McDonalds Corporation. Other large quickservice restaurant operations in Europe are Yum! Brands, Inc., Burger King, Autogrill,Quick, Subway, Dominos, Starbucks, Greggs, Groupe Holder, Telepizza, Le Duff, Nordseeand The Eat Out Group.

TRENDS: To change their image and their clients, fast-food restaurants have expanded theirproduct line-

-5

10

25

M

cDonald's

Subway

Yum!Brands

C

hick-fil-A

C

hipotle

MexicanGrill

Wendy's

Domino'sPizza

JackintheBox

LittleCaesars

PapaJohn's

CKE

BuffaloWild

Wings

Bu

rgerKing

Fiv

eGuys

Burge

rs&Fries

Denny's

U

S$bn

FFR ranked by revenue worldwide in 2013

Source: Market source; SKBKS




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Fast food organic:In september 2010, the fast food restaurant Quick has started offering anorganic burger and apple juice for children's menus. But this offer was primarily amarketing objective. But another sign has emerged in the United States : O'Burger. This newfast food chain is 100% organic. Their main goal was to create a fast food place that is not

associated with junk food, that is to say fast food with a healthy diet, which is certifiedorganic, but also with recyclable and biodegradable packaging so good for the environment.

Halal fast food: The Halal market is now about 5.5bn per year, which is very important.To satisfy all their customers, several restaurant chains have embarked on Halal, such asQuick. Currently, Quick has 22 establishments whose food is certified halal, that is to saythat the meat used respects the Muslim ritual slaughter. This represents 6% of the networkQuick France. There are other fast food chains like KFC, American channel, which also offershalal and burgers boom is the first independent fast food halal in Toulouse, France, and it ismore particularly a drive burger.

But that's not all, fast food restaurants now offer a growing variety of products such assalads, burgers made of chicken, fish, toasted sandwiches, or coffee shops (for example thecreation of McCafe).

THREATS

Traffic growth:Big FFR brands such as McDonalds, Subway and Starbucks have beenfacing a huge threat by the leading fast casual restaurants, as the traffic growth in thelatter segment surpassed that of every other segment for the fifth consecutive year.

Higher Average Customer Spend Per Visit: In leading fast food restaurants, price ofmeals ranges from $3 to $6 on an average, whereas in any casual dining restaurant, priceof meals is no less than $13. Lying between the two segments is the fast casual segment

where typical cost per meal ranges from $8 to $15.

INDIAN SCENARIO

Market Dynamics:Indian FFRs are growingvery rapidly. It is areflection of the changein the lifestyle, foodhabits and consumptionpattern of the

population. The Indian FFRs has witnessed high growth strides in the past years, withincreasing disposable income, exposure to a number of cuisines and consumers willingnessto experiment a mix of both Western and local menu. It has not only provided convenienceto people who shuttle between home and work for a bigger part of the day but alsoeliminated the requirement of conventional cutlery. FFR at the moment thrives oninternational appeal endorsed by niche chains. The development of nutritious and healthierreplacements for the traditional servings at fast food restaurants has transformed into masspromotion of portable foods.

Demand Drivers: The Indian FFRs stand at a massive size of Rs47bn, driven by a growingnumber of working professionals and increasing westernization. Apart from this, busy life

schedule, standardized food, and less time-consuming processes are also fuelling thedemand from domestic consumers for this type of restaurants. As demand for all types of

Food & QSR Markets 2020*US$bnCountries Food Mkt 10 yr CAGR QSR Mkt 10-yr CAGRUS 418 2% 197 3%Brazil 150 14% 27 15%China 418 16% 94 17%India 100 13% 15 19%*Estimated; Source: Market Source; SKBKS




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Indian Major Players McDonalds Dominos KFC Pizza Hut Nirulas

-50

250

Food market QSR QSR Chains

No.inbn

Indian food market

2011

2020

US

Brazil

China

India

QSR Chain share of FFRs


US

Brazil

China

India

Share of QSR Chains in Food Market

fast food items are consistently on therise, pizza, burger, and French frieshave become the all time favoriteamong young Indians, more so with

some of the well-known burger andpizza restaurants like McDonalds,Dominos, KFC, Pizza Hut, Nirulasetc, operating in India.

Market size: Indias fast foodrestaurant market has remainedlargely unaffected by the economicslowdown and touched nearlyaround US$50bn in 2014 fromRs$35bn in 2013, according to the

latest ASSOCHAM study on Indianfast food market new destination:Tier-II & III cities."

Owing to the growing need ofconvenience, increased appetite, aliking for international food, andexposure to global media and cuisine,the annual spending of each middleclass household in Indias tier-II andIII cities have increased by Rs2,500 to

Rs5,200, a growth of 108% on fastfood restaurants in the last two years,the study said.

As per the findings, Indians areeating out more often now, as manyas 8 times a month less than US (14times), Brazil (11 times), Thailand (10times), and China (9 times).

Major Players and theirCompetition: Major players in thissector are creating a competitiveenvironment for future growth. Andin order to cater to this augmentedcustomer base, Nirulas is increasingits existence in metro cities along with the Tier-2 and Tier-3cities through different formats. The new outlets in cities,such as Amritsar, Patna, Bhopal, Pune and Ludhiana wouldmainly be Family Style Restaurants (FSR), ice cream kiosksand parlors. The Nirulas has 80 outlets and its companyowned, franchised in 7 cities across Delhi, Uttar Pradesh,

Uttaranchal, Haryana, Rajasthan and Punjab and recently ithas opened 70 outlets in India.




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Likewise, KFC has plans to increase its existence from 21 cities at present to around 75 citiesthrough its objective to operate 500 restaurants in India by 2015. The company is eager tospread wings to new cities such as Hubli, Madurai, Salem and Mysore in the south, and inthe north in Kanpur, Allahabad.

Similarly, McDonalds is targeting 1,000 restaurants by 2020. Hard castle Restaurants, whichruns McDonalds in the south and west, plans to open up to 70 stores next year. It will be thefranchisees biggest expansion in the past 15 years. McDonalds also plans to invest Rs.10billion to boost growth. The Nirulas has 80 outlets and its company owned, franchised in 7cities across Delhi, Uttar Pradesh, Uttaranchal, Haryana, Rajasthan and Punjab and recentlyit has opened 70 outlets in India.

GOVERNMENT INCENTIVES

As far as the role of government is concerned, various initiatives in the recent past haveresulted in the entry of many international Fast Food Restaurants in the country. With the

economic liberalization in 1991, nearly all tariff and non-tariff barriers have been removed orminimized from the Indian boundary that has helped many retailers to enter the growingIndian fast food industry.

As per the Food Safety and Standards Authority of India, the new rules and standardsmakes it mandatory for street food vendors to register with state health departments thatare into policing hygiene. It requires the food authority to issue licenses to food vendorsonly after ensuring that their products are safe and hygienic. Vendors with products thatare found unhygienic or unsafe face monetary penalties..

To try to ensure that India has the capacity to implement the new law, the governmenthas increased the number of state laboratories for testing eatables and appointed more

food safety officers to check food quality & hygiene instead of merely monitoringadulteration.

Besides, the Indian government has also directed state governments to prohibit sales offast food and carbonated drinks on school premises & check out all such items that leadto unhealthy eating from cafeteria within a 1,500 feet radius of schools.

In addition, the countrys regulators have ordered food chains to provide productnutritional labeling at the time of sale, so that customers can know about what they areeating and what effect it can have on their health. This step is a result of various studiesthat have shown that a typical fast food has very high density that causes people to eatmore than they usually require, causing people to fall ill with many health-relatedproblems like obesity, diabetes and heart diseases.

ISSUES & CHALLENGES OF FFR

Fast food restaurants have developed sizable clientele for the speed and inexpensive pricesof their items. However, an increase in the general public's concern with health has launcheda tirade against several chains. Poor ingredient quality and negative effects on consumerhealth are some of the findings that have seriously blemished their reputation.

Nutrition:A major cause of rancor against the FFR is the questionable nutritive qualityfound in many of its products. Caloric content has been a significant concern for fastfood consumers. Several fast food manufacturers have been cited for using

preservatives, shoddy ingredients and exorbitant quantities of fat and sugar.




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Publicity: Negative attention from the news media and entertainment has adverselyaffected many fast food restaurants. The Oscar-nominated documentary Super SizeMe, for instance, exposed the physical ills that could be brought about with regularconsumption of food from the McDonalds chain. Two years after the release of the film,

McDonalds Europe shuts down 25 of its branches in the United Kingdom in response toconsumers retaliation.

Legal Issues: Many organizations who claim health damage at the hand of fast foodproducts have filed lawsuits against the FFR. In 2005, McDonalds paid US$7mn to theAmerican Heart Association to settle a suit accusing the company of reneging on itspromise to reduce the level of Trans fats in its cooking oils. Burger King also suffered amajor legal blow in 2007; the Center for Science in the Public Interest sued the chain forintentionally harming its customers with Trans fats.

Redemption:To counter the swell in negative opinion, several fast food chains adoptedcampaigns and strategies to improve their public images. The CEOs of McDonalds, forinstance, began plans to create a healthy fast food restaurant, to be called LYFE Kitchen,

in 2011. Some chains have earned acclaim for their healthfulness; Panera was namedAmericans Healthiest Restaurant of the fast-food variety in 2009. Surprisingly,McDonalds also made the same list, ranking eighth. A serious restructuring of theirmenus earned the chain the spot.

OUTLOOK

Fast food in the US is predicted to achieve US$237.1bn in sales in 2017. Fast casual diningwill drive much of the growth, although other fast food should increase its value salessteadily as some consumers look to it for value and others come around to the variety ofhealthier new products on offer. This diversification will likely turn more consumers into

fast food fans, and help convert some of the aversion to the category, although there willalways be holdouts.

India's quick-service restaurant chains, business is expected to grow to US$100bn by 2020.MNCs and Indian chains Domino's, McDonald's and Nirula's are all eying this segment,which is being driven by rising disposable incomes, increasing urbanisation and a youngerpopulation. Although the market is still small , Indian QSR segment is expected to growfaster than Chinas.

Moreover, continuous economic growth and improving employment situation will lead tohigher personal expenditures on outside food by 2014. Fast food joints will also need tomaintain their stance on pricing because the environment will remain extremely

competitive. Hence, it is believed that the FFRs will experience modest improvement in thecoming years. Total number of outlets is expected to reach 12,000 by 2015. Starbucks,Quiznos and Dunkin donuts are also entering into the market.




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COMPANY ANALYSIS

KEWAL KIRAN CLOTING LTD

OVERVIEW

Kewal Kiran Clothing Limited (KKCL) is an apparel manufacturerdealing in apparel for both men and women. The company is engaged in the designing,manufacturing and marketing jeans, formals, semi formals, casual wears and lifestyleaccessories. These products are distributed through retail formats, apart from other sellingand distribution formats. The companys designing and manufacturing facilities are locatedin Dadar (Mumbai), Goregaon(Mumbai), Daman and Vapi.The Company had 280 retailstores with presence in over

154 cities across 19 states inIndia with 21 new stores inthe pipeline.

KKCL has over two decadesof experience in the domestic readymade garments industry with some established brandslike Killer, Lawman Pg3, Integriti, Easies and ADDICTIONS. KKCL markets itsproducts through a chain of 223 K-LOUNGE showrooms and exclusive brand outlets(EBOs) across the country. Besides, KKCLs products are widely marketed at over 3,50 0multi brand outlets (MBOs) and national chain stores like Shoppers Stop and Hypercity. Itis an established player in the denim Jeans category through its flagship Killer brand,besides having a presence in Trousers, Shirts, T-shirts & Jackets. It has also entered thelifestyle accessories segments like shoes, belts, watches, bracelets, wallets, caps, bags,sunglasses and deodorants through the ADDICTIONS brand. KKCLs designing andmanufacturing facilities are mainly located at Dadar and Goregoan (Mumbai), Daman andVapi in Western India.

Fashion with Quality is thecornerstone of each collectionintroduced by the company. Thecompanys strong fashion forecastingand trendsetting abilities have createdbrands which are vibrant, trendy and with an attitude. Each brand has been carefully crafted

keeping in mind desires and attitudes of specific market segments. Each brand is anexpression of its customer.

Vision: To be a world-class business enterprise, creating values, excellence in every businessand service to consumers, stakeholders and society.

BUSINESS STRATEGY

Focusing on the key brands across the value chain Enhancing product portfolio Expanding presence and reach across India Cost optimization

ManagementName Designation

Mr. Kewalchand P. Jain Chairman & Managing DirectorMr. Hemant P. Jain Whole-time Director

Mr. Dinesh P. Jain Whole-time DirectorMr. Vikas P. Jain Whole-time DirectorMr. Popatlal F. Sundesha DirectorSource: Company; SKBKS

Product LineJeans Jackets InnerwearTrousers Tee Shirts Shoes & ShocksShirts Cargo & Capris Bags, belts, caps, etc.Source: Company Website; SKBKS




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8

23

38

2

3

4

FY10 FY11 FY12 FY13 FY14

%RsBn

Company Performance

Sales (LHS)OPM (%) (RHS)NPM (%) (RHS)

Source: BSE India SKBKS

FINANCIALS OF THE COMPANY

Yearly Performance

Over the period of five years (FY10-FY14), revenue has increased fromRs3,151.60mn to Rs3,790.30mn at aCAGR of 1.86%. During the sameperiod, the operating profit of thecompany increased from Rs569.10mnto Rs1052.30mn at a CAGR of 16.61%.Net profit of the company increasedfrom Rs325.10mn to Rs670.2mn at aCAGR of 19.82%. OPM and NPMincreased by 1148.07bps and844.88bps respectively in FY14compared to FY10.

Five Year Financial Summary(Rs in Million)Item/Year FY14 FY13 FY12 FY11 FY10

Sales Revenue 3,790.30 3,151.60 3,136.80 2,449.60 3,521.00PBIDT 1,052.30 858.30 851.40 770.30 569.10

Interest 29.60 26.20 25.90 20.50 23.30

PBDT 1,022.70 832.10 825.50 749.80 545.80

Depreciation 51.50 59.40 62.30 57.30 58.40

PBT 971.20 772.70 763.20 692.60 487.40

Tax 301.00 238.50 241.80 230.30 162.30

PAT 670.20 534.20 521.40 462.30 325.10Source: BSE India; SKBKS

Key Financial Ratios

Ratio/Year FY14 FY13 FY12 FY11 FY10Current Ratio 1.76 1.87 2.8 3.05 2.36

Debt to Equity 0.04 0.06 0.07 0.03 0.09

OPM (%) 26.98 26.40 26.32 30.61 15.50

NPM (%) 17.68 16.95 16.62 18.87 9.23

Return on Capital Employed (%) 33.08 29.81 32.65 34.94 26.36

Return on Equity (Net Worth) (%) 23.06 21.04 23.11 23.37 18.56Source: BSE India; SKBKS

Financial Performance (Rs in Million)Item/Year AMJ13 AMJ14 % change FY13 FY14 % change

Sales 744.9 853.10 14.53 3,151.60 3,790.30 20.27PBIDT 198.30 168.20 -15.18 858.30 1,052.30 22.60Interest 6.80 6.40 -5.88 26.20 29.60 12.98PBDT 191.5 161.8 -15.51 832.10 1,022.70 22.91Depreciation 12.20 9.10 -25.41 59.40 51.50 -13.30PBT 179.30 152.70 -14.84 772.70 971.20 25.69Tax 57.5 51.30 -10.78 238.50 301.00 26.21PAT 121.80 101.40 -16.75 534.20 670.20 25.46Source: BSE India; SKBKS




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Killer

LawmanPg3

Easies

Integriti

Others

Brand-wise Revenue 2014

Source: Com an SKBKS

Standalone PerformanceAll the brands, products, regions anddistribution channels contributed to theimprovement in performance. The

business of the company has an elementof seasonality primarily due to festivalperiods and hence the annualperformance of the company is a betterrepresentative compared to a quarterlyanalysis.

In FY14, sales revenue of the company stood at Rs3790.30mn an increase of 20.27% over theprevious fiscal. Operating profit of the company increased by 22.60% at Rs1052.30mn.Financial charges of the companyincreased by 12.98% to Rs29.60. Net

profit of the company increased by25.46% to Rs670.20mn.

Quarterly PerformanceFor the quarter AMJ14 the salesrevenue has increased by 14.53%when compared with AMJ13. Thetotal sales revenue of the companystood at Rs853.1mn in AMJ14.Operating profit of the companydecreased by 15.18% at Rs168.20mn.Financial charges of the companydecreased by 5.88% to Rs6.4mn. Netprofit of the company decreased by 16.75% from Rs121.80mn to Rs101.40mn.

COST STRUCTURE ANALYSIS

Over the period of five years(FY10-FY14), the overall coststructure of the company asa percentage of sales havedecreased from 86.67% to84.97%. Direct expenses as a

percentage of salesincreased by 74.56bpsduring FY14.

Compared to FY13, the rawmaterial cost as percentage of sales has increased by 734.7bps and stood at Rs1442.60mn inFY14. Staff cost stood at Rs382.6mn and decreased by 82.5bps as percentage of sales in FY14.Other expenses as percentage of sales decreased by 8.4bps in FY14 compared to previousfiscal and stood at Rs832.8mn.

SL.no Product Particulars (Rs in mn)1 Domestic apparels market 12500002 Womens traditional wear 3420003 Mens formal wear 3190004 Kids wear 1010005 Casuals Jeans 860006 Casual T Shirts 640007 Womens western wear 21000Source : company ; SKBKS

Cost Structure(as % of net Sales)Item/Year FY14 FY13 FY12 FY11 FY10Raw Material 39.29 31.94 31.83 35.96 36.40

Staff Cost 10.42 11.24 9.69 10.74 11.83

Stock in Trade 2.18 2.59 4.64 1.99 0.49

Other Expenses 22.68 22.76 22.66 22.27 24.78

Interest Charges 0.81 0.71 0.71 0.56 0.63Depreciation 1.40 1.96 2.06 2.42 3.32

Tax 8.20 7.87 8.01 9.73 9.22Source: BSE India; SKBKS




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Indirect expenses of the company as a percentage of sales were at 10.41% in FY14 against10.55% in FY13. Depreciation decreased by 55.8bps. Interest expenses increased by 9.3bps inFY14 compared to FY13. Tax increased by 32.5bps in FY14 compared to FY13.

MARKET INDICATORS

Company Score Card: During the period underconsideration, Sensex increased by 6,068.08points from 19,345.70 in July13 to 25,413.78 in

Jun14. The market cap of the company stood atRs13,958.10mn for the FY14. The companys share

price has registered ahigh of Rs1680.15 in Jun14and a low of Rs741.85 in Jul13. The relativemarket cap stood at 226 in Jun14 against 189 inprevious month. Major shares of the company arewith Promoters 74% followed by Institutions 19% and then Non Institutions 7%.

DIVIDEND: The Board of Directors of the company has recommended the dividend of150% per equity share of Rs10.00 each for the financial year ended March 31, 2014.

Stock StatisticsMarket Cap FY14 (Rs in mn) 13,958.10

Dividend (%) 150.00

EPS 52.72

P/E 33.76

Book Value (Rs) 235.78Face Value (Rs) 10Source: BSE India; SKBKS

Promo-ter

Institut-ions

Non-

Institution

Share holding pattern(AMJ14)

80

140

200

Jul-13

Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Jan-14

Feb-14

Mar-14

Apr-14

May-14

Jun-14

Relative Performance

BSE Sensex

kewal kiran

Source: BSE India; SKBKS

-5

15

35

RawMaterial

StaffCost

Purchaseofstock

intrade

OtherExpenses

Interest

Depreciation

Tax

Cost structure as a % of sales

FY14 FY13

Source: BSE India SKBKS




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0

15

30

KK S

S

Tr

ent

FR

FL

RsBn

Peer Sales


COMPETITORS

The peer competitors of KewalKiran Clothing Ltd (KK)in the retail

sector are Shopper Stop (SS), Trent,Future Retail (FR), and Future Life(FL).

When sales of the peer companiesare compared for FY14, then Trentisthe top performer with net sales ofRs33,305.62mn, followed by FR withsales revenue of Rs21,855.90mn, FLwith sales revenue of Rs13,014.30mn, KK with a salesrevenue Rs3,672.10mn and then SShaving revenue of Rs2,680.67mn.

Raw material cost is highest for KK at 43.14% followed by FR at 28.73%, FL at 5.05%, Trent at0.57% and then SS. Other expenses are highest for SS at 248.08% followed by FL at 50.83%,FR at 39.84%, Trent at 38.46% and KK at 22.68%. Employee cost as percentage of sales ishighest for SSat 76.27% followed by FR at 12.64%. KK at 10.42%, Trent at 10.02% and thenFL at 9.92%.

Operating profit as percentage of sales of SSis at 12.27%, followed by FLat 6.39%, Trent at5.75%, FR at 0.21% and then KK at 0.09%.

Financial expenses are higher for

Trent at 16.13% followed by SS at15.63, FL at 12.52%, FR at 7.02% andthen KK at 0.81%. Depreciationcharges are highest for FL at 29.60%followed by SS at 23.05%, Trent at9.50%, FR at 5.24% and then KK at1.40%. Tax charges are higher for SSat 9.59% followed by KK at 8.20%, FLat 0.84% and then Trent at 0.07% .

Net profit margins are higher for KK

at 18.25%, followed by SS at 13.80%,Trent at 5.75%, FR at 4.03% and thenFL at 1.79%.

SWOT ANALYSIS

Peer Comparison (% of net sales)

ItemKK

SS

Tren

t

FR

FL

Raw Material 43.14 0.00 0.57 28.73 5.05

Staff Cost 10.42 6.20 10.02 12.64 9.92

Other Expenses 4.95 20.18 38.46 39.84 50.83

EBITDA 0.09 1.00 5.75 0.21 6.39Financial Cost 0.81 1.27 16.13 7.02 12.52Depreciation 1.40 23.05 9.50 5.24 29.60

Tax Charges 8.20 9.59 0.07 0.00 0.84

PAT 18.25 13.80 5.75 4.03 1.79Source: BSE India; SKBKS

Strengths Weaknesses Long term potential of the branded apparel

industry. Brands are the core strength of the company

and key growth drivers for companysfuture. Each brand has a distinct appeal andhas been nurtured and built to grow.

Operations are limited to certainareas.




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FUTURE STRATEGIES

The companysultimate aim is to be able to reach every nook and corner of the country, be itthe metros, the towns, small towns, Tier-I and Tier-II cities and so on. The process of makingthe 'dreamdesign' into 'the' fashion merchandise, is a collaborative effort by all the teams.The technical team, therefore, is as important as the marketing and distribution network. Tobe able to reach the product on time to the desirable place, saves time and improves

customer connect. the company is slowly and gradually expanding its reach through itsmultiple-distribution channels.

FUTURE PERFORMANCE

The retail sector is one of the fastest growing in India over the last few years. The Indianretail industry has experienced high growth over the last decade with a noticeable shifttowards organized retailing formats. The industry is moving towards a modern concept ofretailing. While most retailers have been rushing to capture opportunities in the quicklycrowding Indian metros, some have been focusing their expansion plans in the non-metros.Better employment opportunities and improved lifestyles have pulled the rural populationtowards cities. By 2030, it is estimated that 91 million households will be middle class andabout 570 million people are expected to live in cities. This factor would be a significantdriver for organizing retail.

Despite the challenging macro environment KK maintained a healthy rate of growth inrevenues and profits in FY14 partly supported by the removal in excise duty on brandedapparel. There are early signs of softening of macro head winds and some stability returningin the economy. A stable currency, moderating inflation and reduced trade deficit providepotential levers for reducing interest rates and reviving growth in the economy. Companybelieves in stable, sustainable and scalable growth. With its strong brands, focus oninnovation and widening reach, it is confident of continued growth in revenues and profits.

SKBKS estimates that the revenue of the company will increase at a CAGR of 8.1% fromRs3.52bn to Rs4.29bn over the period FY10-FY16. During the same period, the companyearnings is estimated to increase at a CAGR of 8.9% to Rs0.73bn.

Opportunities Threats E-commerce companies continue to grow the

long term sustainability and profitability ofthe business.

Company has an opportunity to providewell established brands to its customers witha compelling proposition.

Consumers are now exposed toglobal fashion labels albeit at muchhigher prices.

The entry and expansion of globalbrands leads to potential threat.

Estimates (Rs in billion)Item/Year FY10 FY11 FY12 FY13 FY14 FY15* FY16*Sales 3.52 2.45 3.14 3.15 3.79 4.01 4.29

Earnings 0.33 0.46 0.52 0.53 0.67 0.70 0.73*Estimated; Source: BSE India; SKBKS




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MARKET INDICATORS

MARKET MOVEMENT OF MAJOR PLAYERS


95

105

115

125

16/05/14

19/05/14

20/05/14

21/05/14

22/05/14

23/05/14

26/05/14

27/05/14

28/05/14

29/05/14

30/05/14

02/06/14

03/06/14

04/06/14

05/06/14

06/06/14

09/06/14

10/06/14

11/06/14

12/06/14

13/06/14

Relative PerformanceBSE SENSEXKEWAL KIRAN

BATA INDIA

95

105

115

125

16/05/14

19/05/14

20/05/14

21/05/14

22/05/14

23/05/14

26/05/14

27/05/14

28/05/14

29/05/14

30/05/14

02/06/14

03/06/14

04/06/14

05/06/14

06/06/14

09/06/14

10/06/14

11/06/14

12/06/14

13/06/14

Relative PerformanceBSE SENSEX

SHOPPERS STOP

TRENT INDIA

95

115

135

155

16/05/14

19/05/14

20/05/14

21/05/14

22/05/14

23/05/14

26/05/14

27/05/14

28/05/14

29/05/14

30/05/14

02/06/14

03/06/14

04/06/14

05/06/14

06/06/14

09/06/14

10/06/14

11/06/14

12/06/14

13/06/14

Relative Performance

BSE SENSEX

FUTURE RETAIL




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I week II week III week IV week16th May to

23rd May 201424th May to

30th May 201431st May to

06th Jun 201407th Jun to

15th Jun 2014

BSESensex

The Sensex rallied

571 points, or2.4%, to close at24,693 on weekend. The rally was

broad based asthe BSE

small cap indexrose nearly 15.8%while the BSE

mid cap index

added 11.6%.

Sensex ended in

red at 24,217points, this wasweighed down byprofit booking (inbanks, oil & gasand power) afterhefty runup inprevious weeks onaccount of BJPslandslide win inLok Sabha electionfollowed newgovernmentformation.

Key benchmark

indices surged torecord highs as foreigninvestors continued tomop up Indian stockson expectations thatthe government willtake steps for revivalof the economy. TheRBI decision to cutSLR by 50bps forcommercial banksboosted sentiment.The Sensex jumped by2.9% to settle at 25,396.

The key

benchmark indicesdeclined as crudeoil prices rose andas the rupee fellagainst the dollar,which stokedconcerns of fuelprice inflation andincrease in India'scurrent accountdeficit and fiscaldeficit.

Kewal Scrip value

increased by4.71% toRs1350.70.

Share priceincreased by3.71% toRs1400.05.

Share price decreasedby 1.90% to Rs1397.95.

Scrip valueincreased by 2.30%to Rs1424.90.

BATA

Scrip increased by14.72% toRs1202.60.

Scrip valuedecreased by0.13% to

Rs1154.90.

Share price increasedby 6.52% to Rs1236.50.

Scrip Pricedecreased by2.48% to

Rs1198.15.

Shoppers

Share priceincreased by3.45% to Rs394.35.

Share pricedecreased by0.37% to Rs395.45.

Share price increasedby 1.39% to Rs422.85.


Trent

Scrip valueincreased by0.53% toRs980.60.

Scrip valueincreased by3.28% toRs1039.75.

Scrip value increasedby 4.21% to Rs1112.65.


Futu

reShare price

increased by12.86% toRs59.25.

Scrip decreased by

0.16% to Rs61.80.

Share price increased

by 8.33% to Rs65.05.

Scrip increased by

2.70% to Rs74.05.





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UPCOMING EVENTS AND CONFERENCES

1. Event ABC Kids ExpoDate 7 -10, September 2014Venue Las Vegas Convention Center; Nevada, USAHighlights It primary objective and purpose is to act as a business league that helps

organize and produce trade shows and educational conferences for thebenefit of juvenile products manufacturers, industry retailers, trademedia, distributors and manufacturers' representatives of juvenileproducts.

ContactDetails

Event Manger; ABC Kids Expo; PO Box 780847; San Antonio, TX; USA;Tel : (210) 691-4848; Fax : (210) 691-4849; E-mail: [email protected]

2. Event National Association of Convenience StoresDate 7-10, October 2014

Venue Las Vegas Convention Center, NV, USAHighlights It offers unmatched opportunities for buyers and sellers to cometogether, conduct business and learn from one another all in anenvironment rich with new ideas and new partnerships.

ContactDetails

Alison Daniels; Event Manager;Tel : (703) 518-4287

3. Event Retail Delivery Conference and ExpoDate 12 14, November 2014Venue McCormick Place; 2301 S Lake Shore Dr.Chicago, Illinois, 60616; USAHighlights It draws the largest and most influential group of financial services

leaders of any industry conference, fostering extensive opportunities for

idea exchange and inspiration. Focus on the topics most relevant to areaof expertise or branch out for new insights in other areas of industry atthe three idea-packed Summits.

ContactDetails

Event Managerr; BAI Customer Support Services; Chicago, IL; USA;Tel : 800-224-9889; Fax : 800-375-5543; Email : [email protected]

4. Event San Francisco Green FestivalDate 14 16, November 2014Venue Fort Mason Center; Marina Blvd; San Francisco, CA, 94123; USAHighlights It brings together the worlds most trusted companies, innovative

brands, national and local businesses, pioneering thinkers, and consciousconsumers in one place to promote the best in sustainability and greenliving.

ContactDetails

Event Manager; Green Festivals, Inc.a Georgia corp., 2340 Perimeter ParkDrive; Atlanta, GA 30341; USA; Tel: 828.236.0324; Fax: 828.254.4287

5. Event Cosmeeting Business Meetings & ExhibitionDate 08-09 December 2014Venue The Meydan Hotel; Meydan Racecourse; Dubai; United Arab EmeratesHighlights It will showcase cosmetic and perfume based products, make up kits,

body care products, beauty based products and services etc. in theCosmetics and Beauty Products, Fashion Accessories industries.

Contact

Details

Event Organizer; Informa Exhibitions Middle East; Level 20, World

Trade Centre Tower; UAE; Tel : +97144072759; Fax :+97143351891;




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6 Event Spameeting Middle EastDate 10-11, December 2014

Venue St. Regis Saadiyat Island Resort; Saadiyat Island, Abu Dhabi, UAE

Highlights

It will showcase products and services like accessories, nail care

products, spa consultants, spa conceptor, uniforms, linen, decoration,furniture, fitness, engineering, and professional care based services etc. inthe Cosmetics and Beauty Products industry.

ContactDetails

Juliette Blanzy; Sales director; Tel: + 33 1 44 69 97 67;Email: [email protected]

7 Event World Boutique Hong KongDate 19-22, January 2015

Venue Hong Kong Convention & Exhibition Centre, Wan Chai, Hong Kong

Highlights

It will promote Hong Kong as Asia's global business platform,reinforcing its reputation as Asia's premier services hub. It provides acomprehensive array of trade-support seminars and other informationchannels to enhance Hong Kong SMEs' capabilities.

ContactDetails

The Drecdtor; Exhibitions Dept. Hong Kong Trade DevelopmentCouncil; 1 Expo Drive, Wan Chai, Hong Kong; Fax: (852) 2824 0026;E-mail: [email protected]; Web : www.hktdc.com;

8 Event International Salon & Spa ExpoDate 24 - 26, January 2015

Venue Long Beach Convention Center; Long Beach, USA

Highlights

It is the ultimate place to purchase the latest products and tools atspecially discounted prices, get up close and personal with on-floordemonstrations and witness high-energy fashion runway shows

showcasing today's hottest trends and looks.ContactDetails

The Event Manager; Long Beach Convention & Entertainment CenterLong Beach, CA 90802; Tel : (562) 436-3636; Fax : (562) 436-9491

9 Event Perfumes, Cosmetics & DesignDate 04 05, February 2015

Venue Paris Espace Champerret; Paris, France

Highlights

The area gathers the various professionals of perfume & cosmeticpackaging industry presenting their innovations. Suppliers of rawmaterials, manufacturers of packaging machines, producers anddistributors of packaging systems, customized packaging manufacturers,production and control software suppliers, materials etc.

ContactDetails

The Event Manager; Oriex Communication; Tl. +33 1 48.91.89.89 - Fax+33 1 48.43.49.94; E-mail : [email protected]

10 Event Professional BeautyDate 22 23, February 2015

Venue ExCeL Exhibition Centre; Royal Victoria Dock, London, UK

Highlights

It will offer almost everything related to enhancing inner and outerbeauty as well. Energetic spa treatment, nail art, medical treatment withnatural products. It will give a great platform to the numerous brands tomarket their products and to reach their financial goals.

Contact

Details

The Event Manager; Professional Beauty; Trades Exhibitions Ltd;The Plaza; 535 Kings Road; London; UK; Tel : +44 (0) 20 7351 0536;

E-mail : [email protected]

Documents

Gio - July 2014 - Retail Industry