Innerwear Industry

Sharp stock rebound, however, caps upside from current levels

Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men's innerwear

The founding team and management will own the balance stake in the company, which include Pankaj Vermani, Neha Kant, and Suman Choudhary, who launched Clovia in 2013

The company's revenue from operations jumped 153 per cent year-on-year to Rs 453.99 crore from Rs 179.30 crore posted in the same quarter a year ago

Market will grow in smaller cities quicker: a trend supported by rising incomes and brand awareness.

The strong performance in the December quarter was aided by growth in revenues, coupled with efficient control on operating costs

The transaction is Advent's eighth investment in India in the past four years and its fourth in the consumer goods sector during the same period

Amul Macho of J G Hosiery Pvt Ltd has maintained its share and second position at 4.2%