Valentino
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Shoppers Stop's beauty arm doubles to ₹650 cr GMV, eyes ₹1,000 cr on premiumisation wave
Global SS Beauty Brands posted ₹426 cr FY26 revenue and ₹650 cr GMV, doubling YoY with a 90% three-year CAGR. Targets ₹1,000 cr GMV with double-digit FY27 growth, 5-7 new stores annually, and fresh luxury onboarding across Armani, Prada, Valentino and Versace.
The Hindu BusinessLine · 6/4/2026, 10:30:39 AM
Reliance Retail's FY26 profit jump engineered by ₹40,000 cr loan-to-OFCD swap ahead of IPO
Nearly all of Reliance Retail's ₹3,503 cr profit lift in FY26 came from converting ₹40,000 cr of parent loans into zero-coupon OFCDs, cutting finance costs by ₹4,725 cr to ₹1,510 cr. Profit reached ₹13,476 cr on ₹3.27 trillion revenue, dressing up the operating entity before its eventual listing.
Mint · 5/30/2026, 12:26:54 AM
Reliance Retail's FY26 profit lift driven by ₹40,000 cr loan-to-OFCD swap, not operations
RRVL's ₹3,503 cr profit jump to ₹13,476 cr came almost entirely from converting interest-bearing parent loans into zero-coupon OFCDs, cutting finance costs to ₹1,510 cr from ₹4,725 cr. The optical clean-up arrives ahead of an eventual retail listing, with RIL holding 83.56% and the chain spanning 3,100 stores across 1,200 cities.
Mint · Companies · 5/30/2026, 12:25:44 AM