Business Buzz 24

  Chandigarh : TASVA, a premium ethnic menswear brand by Aditya Birla Fashion & Retail Limited (ABFRL) and ace designer Tarun Tahiliani was unveiled today. This is the 20th Tasva store in the country and the first franchise store of the brand in  India . Male models showcased the season’s collections at the inauguration. Located at SCO 202-203- 204, Sector 17 C,  Chandigarh , the TASVA store- with its stately façade and elegant interiors, is the go-to place for high-quality ethnic attire for men at accessible prices for festive occasions and weddings. The new collection for the season showcases a variety of kurtas, bundis, sherwanis, bandhgalas, achkans, churidars, and aligarhis. The store is so well designed, the collection is stylish with a wide variety of ethnic wear and accessories for men, and the fabrics and fits are fabulous. Mr. Tarun Tahiliani, Chief Design Officer, Indivinity Clothing said, “I am excited about TASVA's opening in  Chandigarh . TASV...

Somany Home Innovation Limited (SHIL), the Consumer Appliances and Building Products Company, today announced its financial results for the quarter ended December 31st, 2021. SHIL reported consolidated revenue from operations of Rs 649 crore, registering a growth of 26% on a Y-o-Y basis compared to Rs 517 crore in the same quarter last year. EBITDA recorded a growth of 6% Y-o-Y and increased to Rs 62 crore in Q3 FY22. PBT grew by 5% Y-o-Y during the quarter. The Building Products Division continues to move from strength to strength, on the back of the strong performance of its businesses i.e. Sanitaryware, faucets, and plastic pipes and fittings businesses. The Building Products Segment delivered another robust quarter with Revenue from Operations and EBIT coming in at Rs.496 crore and Rs.46 crore respectively. Both Sanitaryware and Faucets businesses saw significant growth in their respective market shares, on the back of product and design leadership, brand salience, wide product p...