Bikaji’s volumes bounced back to their highest levels in 2QFY26, signalling resilient demand and stronger operational execution after a volatile FY25. While YoY growth remains uneven, the consistent sequential uptick underscores a broader consumption recovery and improved momentum across channels.
Domino’s delivery channel now contributes nearly three-fourths of revenue, fuelled by strong order and revenue growth, while dine-in remains flat. The trend reinforces Domino’s shift toward a delivery-first model shaped by convenience, aggregator penetration, and evolving consumer behaviour.
Aashirvaad commands over half of Blinkit’s Atta market (52%), well ahead of Whole Farm (13%) and Fortune (10%), reflecting ITC’s dominance in staples. The category remains highly consolidated, with smaller brands together contributing under 10% of sales.
Boat’s topline has plateaued over FY23–25, with online channels accounting for nearly three-quarters of sales - a sign of sustained marketplace reliance and limited offline momentum.
Meesho’s per-order logistics and marketing costs have dropped over 30% in two years, underscoring the platform’s shift toward operational efficiency and self-sustained demand. The business is now scaling on efficiency - not incentives.
Delhivery’s express parcel shipments surged 33% YoY in Q2FY26, marking a clear shift from the sluggish volume trends of FY25. The rebound underscores renewed strength in India’s e-commerce logistics cycle and early signs of operating leverage returning to the network.
Franchise formats account for a rising share of jewellery store networks, yet company-owned outlets continue to generate the majority of revenue. The sector’s evolution reflects a maturing balance between asset-light expansion and brand-controlled growth.
Metro Brands’ growth curve shows maturity -from a high-growth expansion story in FY23 to a phase of steady, selective store additions. The brand is consolidating its presence across key markets while maintaining profitability discipline in its retail rollout.
Blinkit has emerged as the more cost-efficient player, with fixed costs per order now less than half of Swiggy Instamart’s. Sustained efficiency improvements put Blinkit on track to achieve breakeven margins earlier, while Swiggy’s near-term focus remains market expansion over cost optimization.
Pantaloons has closed 66 stores since FY23, reducing its footprint from 431 to 405 outlets as of Q1 FY26. The move underscores a strategic shift from aggressive expansion to operational efficiency, as ABFRL focuses on optimizing store performance and enhancing profitability per square foot.
Credit card transaction value in India rose 3.3× in six years to ₹11.1 lakh crore in H1 2025, while debit card spending fell by a third. The gap between credit and debit usage reflects a decisive shift toward credit-led digital consumption and away from bank-linked payments.
After a sharp rebound through FY23–FY24, McDonald’s comparable store sales in West and South India have plateaued at around ₹61–63 million. The moderation reflects normalized post-pandemic demand and slower discretionary consumption growth across urban centers.
Pantaloons’ retail footprint expanded from 3.2 mn sq. ft. in FY17 to 5.7 mn sq. ft. in FY26, more than doubling in eight years. However, growth momentum has eased since FY24, reflecting a strategic shift from aggressive expansion to store productivity and margin optimization.
Asia-Pacific remains Meta’s fastest-growing market by impressions, but ad pricing power is limited. Expanding Reels inventory and rising competition among small advertisers have kept CPM growth nearly flat at 1%, compared to double-digit increases in the U.S. and Europe.
India’s retail investor base continues to expand rapidly - from 4% of the population before the pandemic to over 13% in FY25. With financial literacy, fintech innovation, and domestic confidence converging, the next leap in Indian equity participation has only just begun.
India’s capital market participation has entered a new phase - from elite to everyday. With over 200 million active Demat accounts, retail investors are now shaping daily market turnover, a structural shift powered by digital access, fintech innovation, and rising middle-class savings.
