SBI Cards’ online retail spend share has crossed 62.5% in H1 FY26, up nearly 20 percentage points in five years. The growth underscores India’s deepening digital consumption - with e-commerce, travel, and lifestyle categories now powering the majority of credit card transactions.
SBI Cards’ retail spends rose to ₹89,611 cr in Q2 FY26, maintaining double-digit growth though moderating from FY24 highs. The trend reflects a normalization in consumer spending as India’s credit card market matures, led by higher-value purchases and resilient premium category demand.
Toothpaste volumes have re-entered negative territory in FY26, highlighting weak rural recovery and saturation in core markets. With the base flattening, future growth will depend less on penetration and more on premium segments, innovation, and distribution efficiency.
MakeMyTrip’s gross bookings surged to $9.8 B in FY25, with H1 FY26 already at $5.1 B. The growth reflects India’s travel recovery, digital adoption, and rising spend on premium and international travel.
While in-store sales account for 76% of Lenskart’s eyewear volume in India, nearly one-third of transactions now occur online, underscoring its evolution into a true omnichannel brand. Extending this digital integration globally could unlock higher margins and stronger customer engagement.
With over 2,500 stores globally, Lenskart’s footprint reflects both India’s urban-rural depth and rising global ambition. Tier-2 India drives volume expansion, while Japan and Southeast Asia spearhead the brand’s next phase of international growth.
Lenskart’s India operations anchor its scale, but international markets now drive 39% of revenue and 44% of product margins, reflecting superior unit economics. This shift toward premium international growth strengthens Lenskart’s global positioning and earnings stability.
Lenskart’s Gold program has scaled to 13.4 Mn members by H1 FY26, driving ₹63 Cr in subscription income. The surge highlights growing adoption of membership-led loyalty, transforming one-time eyewear buyers into recurring customers and reinforcing Lenskart’s omni-channel moat.
With 64% of transactions between ₹2,000–₹10,000, Lenskart has established itself in India’s mass-premium eyewear segment. The dual presence in budget (18%) and premium (18%) tiers shows its ability to scale across income brackets while deepening brand relevance.
Lenskart’s expansion is increasingly frequency-driven, reflecting the success of its subscription and loyalty ecosystem. Rising transaction intensity per user points to a maturing, retention-led growth model rather than one powered by customer acquisition alone.
PVR INOX admissions jumped to 44.5 mn in Sep’25, marking a sharp recovery from last quarter’s slump. Occupancy improved to 28.7%, its highest in a year - driven by festive releases and stronger content performance.
Ola Electric’s share fell from 35% in FY24 to 13% in Sep-25, while Ather rose to 17%, signaling balanced competition. As incumbents scale and reliability becomes key, India’s E-2W market is shifting beyond early adoption toward brand parity and service-led competition.
E-2W retail penetration has climbed from 0.6% in FY22 to 7.8% in FY26, reflecting accelerating consumer adoption and supportive policy momentum.
After two years of contraction, India’s per capita debt has risen >8% annually since FY22, reaching 10.8% in FY25. The surge reflects broad-based retail credit growth and rising household leverage-signaling both expanding credit inclusion and higher exposure to consumption-led borrowing.
K-Beauty exports are on track to hit $11.4 B in 2025, up 15.5% YoY - the highest ever. After a brief 2022 dip, Korean cosmetics have bounced back stronger, powered by skincare innovation, premium repositioning, and global consumer trust.
K-Beauty exports hit a record $8.52 B in 9M 2025, up 15% YoY - led by skincare and rising US demand. With September alone crossing $1.1 B, Korea’s beauty engine shows sustained global strength and category resilience.
