Nikhil Bhutada - Manyavar SIP Report - 2nd Draft
Nikhil Bhutada - Manyavar SIP Report - 2nd Draft
Nikhil Bhutada - Manyavar SIP Report - 2nd Draft
Project Report
Submitted By
Nikhil Nitin Bhutada
PGDM – FullTime (2021-23)
from
Institute of Management Technology, Ghaziabad
Industry Mentor -
Mr. Arif Raza
Chief Retail Business Development Officer
Vedant Fashions Ltd.
Industry Guide -
Ms. Alakananda Das
Senior Executive, Retail Business Development
Vedant Fashions Ltd.
Faculty Mentor -
Prof. Juhi Gahlot Sarkar
Institute of Management Technology, Ghaziabad
A. Gap Analysis –
Gap analysis is used extensively by Retail Organizations to estimate the brand penetration into
the catchment and the city in terms of revenue of retail business. It is also an estimation of supply
and demand of that retail category in that specific market and where the company stands with
respect to competitors in fulfilling the demand.
• Analysis &
comparison of the
City Analysis prospect city w.r.t
other high
performing cities in
India
• Using Highstreet
Property and Mall checklists
for identifying and
Analysis evaluation of
potential properties
for Retail Spaces
2. Catchment Analysis –
Once we get to know the target that needs to be achieved in terms of area (addition of
square feet) and productivity, there needs to be market research defining productivity of
each major catchment in the prospective city by analyzing the sales data for each relevant
brand. Also, the business gap in each catchment needs to be found out. The catchment
where the company has a market gap and is showing high productivity is chosen as a
potential one for opening a store.
Please note – In the catchment maps given below, the area under inner green
circle (4km) denotes primary catchment, the area between inner and outer circle
(4 to 8km) denotes secondary catchment and the area beyond outer circle (>8km)
denotes tertiary catchment.
3. Property Analysis –
Once the catchment is finalized, the final step is to find a potential property and a potential
franchise where the retail store of our brand can be launched. The property can be in a
mall or on a high-street. A major part of it includes building relationships with franchises,
property brokers and builders. The property needs to have passed all the checklist
standards of the company then only it is finalized. After the property clears all the
checklists, an expected sales and productivity figures are calculated by comparing the
sales and productivity factor of each relevant brand.
Contribution of Branded and Unbranded Indian Wedding and Celebration Wear Retail
Market -
Today, by the incredible vision of our Founder ‘Manyavar Ravi Modi’ Vedant Fashions has
built a production capacity to cater more than 3 – million pieces and has approximately 1.1
million square feet of EBO retail space (exclusive brand outlet) across around 200+ towns and
cities in India and 8 cities globally.
Vedant fashions Ltd. as Manyavar-Mohey has gained a lot of strength in Brand identity by the
virtue of its advertising with distinct marketing campaigns through a varied mix of digital,
social and offline media. It had also signed various Brand Ambassadors in the past such as
Virat Kohli, Anushka Sharma, Amitabh Bachchan, Ranveer Singh, Alia Bhatt and other
leading celebrities from the film and sports industries.
Vedant Fashions Ltd. has around 600 stores globally and continues to grow its retail operations
extensively across pan India as well as internationally. It has a multi-brand portfolio with
brands ‘Manyavar’, ‘Mohey’, ‘Twamev’, ‘Manthan’ and ‘Mebaz’ under its portfolio. As of
Financial Year 2021, ‘Vedant Fashions Ltd.’(Manyavar) holds the category leader position in
the branded Indian wedding & celebration wear market in India.
Product Portfolio –
Please note: The above graph (values) is considered for calculating Manyavar & Mohey
retail spaces for City Analysis and Comparison for Pune.
Description FY 21-22
Total Ethnic Business (Pune) 738.84 Cr
Total VFL Business (Pune) 30.84 Cr
Share 4.17%
Gap 708.0 Cr
Target Percentage 10%
Business to be Increased 43.06 Cr
Analysing various cities productivity, there is a acute need to increase Pune’s floor space for
Manyavar, Mohey as well as their respective productivities.
2. Baner:
Baner is one of the highly developed catchments in Pune. It is a suburb Aundh the Western
Metropolitan Corridor of Pune. It has a mix of premium residential societies, top restaurants
and pubs and multinational offices. It is one of the major localities near Bombay-Pune
Highway. It has resident population of 64,605 in area of 16.2 km square
More-over there is substantial demand for Mohey in this store, and the only brand available is
Manyavar. Hence Mohey should also be constitute this store’s stock.
11.Hinjewadi:
Hinjewadi is a newly developed area of Pune with a large concentration of Global Technology
Companies and Start-Ups and also an Infotech Park by the name of Rajeev Gandhi spreading
across 23 hundred acres, built by MIDC Pune. Hinjewadi is divided into 3 phases and is close
to Baner catchment. It has comparatively less population of residents but people from all over
Pune travel regularly to Hinjewadi for their jobs during week-days. It has one mall – Grand
High Street.
12.Swargate:
Swargate is one of the busiest transport hubs of Pune and connects the city to areas like
Hadapsar, Bibwewadi, Katraj, Peth, Marketyard etc by Satara Road. It has the busiest Pune
Local Busses (PMT) stand as well as Maharashtra State Transport Intercity Bus Stand. This
place is not so known for shopping, yet there is one mall near it – Kumar Pacific. The Peth area
is just 2Km from Swargate.
Brand Mix in Swargate –
1. Ethnicity
2. Span
3. Max
4. Pantaloons
5. Zudio
6. Shoppers Stop
The detailed analysis of these catchments along with proposed potential properties, road maps, rent
& estimated occupancy costs are given in Chapter III – Catchment Analysis
The following table summarises the expected revenue, area and productivity of proposes properties
at these localities
Appendix I
Raymonds Business in Pune
Name Location Area Avg SSPD
Rev/Year
Raymonds Baner 1000 1.5 41.10
Raymonds WestEnd Mall, Aundh 1000 2.472 67.73
Raymonds FC Shivajinagar 2000 2.52 34.52
Raymonds FC Shivajinagar 2000 2.64 36.16
Raymonds SB Road 5000 1.44 7.89
Raymonds Bajirao Road 4500 9.6 58.45
Raymonds - Fabrics Laxmi Road 600 1.44 65.75
Raymonds Kothrud 1500 2.76 50.41
Raymonds MG Road, Pune Camp 1900 3 43.26
Raymonds Phoenix Marketcity 2500 3.24 35.51
Raymonds Pimpri Chinchwad 4200 4.8 31.31
Raymonds - 2 Pimpri Chinchwad 2200 5.4 67.25
Raymonds Elpro Mall, Pimpri 1700 2.16 34.81
Chinchwad
Raymonds Seasons Mall, Hadapsar 2400 2.16 24.66
Raymonds Pimple Saudagar 2000 1.8 24.66
Appendix II
Van Huesen Business in Pune
Name Location Area Avg SSPD
Rev/Year
Van Heusen Parihar Chowk Aundh, 2500 2.88 31.56
Sanghvi Nagar
Van Heusen JM Shivajinagar 3000 6.6 60.27
Van Heusen Pavillion SB Road 800 1.56 53.42
Van Heusen Kothrud 1500 4.56 83.29
Van Heusen Satara Road 3000 8.4 76.71
Van Heusen MG Road, Pune Camp 1500 5.22 95.34
Van Heusen Phoenix Marketcity 1800 4.56 69.41
Van Heusen Elpro Mall, Pimpri 1000 1.44 39.45
Chinchwad
Van Heusen Seasons Mall, Hadapsar 7500 3.36 12.27
Van Heusen Pimple Saudagar 950 1.32 38.07
Appendix IV
Louis Philippe Business in Pune
Name Location Area Avg SSPD
Rev/Year
Louis Philippe WestEnd Mall, Aundh 1500 3.78 69.04
Louis Philippe JM Shivajinagar 2250 6 73.06
Louis Philippe Kothrud 1000 2.64 72.33
Louis Philippe Satara Road 2200 5.04 62.76
Louis Philippe MG Road, Pune Camp 1500 3.6 65.75
Louis Philippe Phoenix Marketcity 1400 5.4 105.68
Louis Philippe Elpro Mall, Pimpri 1100 1.8 44.83
Chinchwad
Louis Philippe - 2 Elpro Mall, Pimpri 1100 1.32 32.88
Chinchwad
Louis Philippe Seasons Mall, Hadapsar 3000 5.04 46.03
Louis Philippe Pimple Saudagar 1000 1.68 46.03
Appendix V
Jai Hind Business in Pune
Name Location Area Avg SSPD
Rev/Year
Jai Hind ITI Road Aundh 10000 13.2 36.16
Jai Hind Laxmi Road 35000 25.2 19.73
Jai Hind Karve Road 25000 18 19.73
Mewar (By JaiHind) Pune Camp 10000 9.6 26.30
Jai Hind Pimpri Chinchwad 15000 43.2 78.90
Raaya Bajirao Road 10000 19.2 52.60
Appendix VII
Aurelia Business in Pune
Name Location Area Avg SSPD
Rev/Year
Aurelia WestEnd Mall, Aundh 1200 1.08 24.66
Aurelia FC Shivajinagar 400 1.44 98.63
Aurelia Pavillion SB Road 1200 1.56 35.62
Aurelia + W Satara Road 1200 0.48 10.96
Aurelia Phoenix Marketcity 1000 1.5 41.10
Aurelia Elpro Mall, Pimpri 800 0.72 24.66
Chinchwad
Appendix VIII
W for Women Business in Pune
Name Location Area Avg SSPD
Rev/Year
W Grand Highstreet Mall, 1300 0.48 10.12
Hinjewadi
W WestEnd Mall, Aundh 1600 1.32 22.60
W FC Shivajinagar 2000 2.4 32.88
W Pavillion SB Road 600 2.16 98.63
Aurelia + W Satara Road 1200 0.48 10.96
W MG Road, Pune Camp 1300 2.04 42.99
W Phoenix Marketcity 850 1.2 38.68
W Elpro Mall, Pimpri 800 0.69 23.63
Chinchwad
W Seasons Mall, Hadapsar 850 0.96 30.94
Appendix X
Ethnicity Business in Pune
Name Location Area Avg SSPD
Rev/Year
Ethnicity WestEnd Mall, Aundh 1300 2.49 52.48
Ethnicity Phoenix Marketcity 3800 4.2 30.28
Ethnicity Elpro Mall, Pimpri 1000 0.78 21.37
Chinchwad
Ethnicity Seasons Mall, Hadapsar 4500 2.4 14.61
Ethnicity Amanora Mall, Hadapsar 8000 1.8 6.16
Ethnicity Kumar Pasific Mall, 1130 0.84 20.37
Swargate
Appendix XI
Global Desi Business in Pune
Name Location Area Avg SSPD
Rev/Year
Global Desi WestEnd Mall, Aundh 1200 1.2 27.40
Global Desi Pavillion SB Road 900 1.44 43.84
Global Desi Phoenix Marketcity 980 1.32 36.90
Global Desi Elpro Mall, Pimpri 700 0.6 23.48
Chinchwad
Appendix XIV
Pantaloons Business in Pune
Name Location Area Avg SSPD
Rev/Year
Pantaloons Grand Highstreet Mall, 6000 7.56 34.52
Hinjewadi
Pantaloons ABZ, Baner 14370 19.2 36.61
Pantaloons Baner Road 10500 22.56 58.86
Pantaloons WestEnd Mall, Aundh 10000 20.4 55.89
Pantaloons SB Road 20000 22.8 31.23
Pantaloons SGS Mall, Pune Camp 19000 10.5 15.14
Pantaloons Phoenix Marketcity 17000 15.6 25.14
Pantaloons Pimpri Chinchwad 30000 9.6 8.77
Pantaloons Seasons Mall, Hadapsar 20000 9.6 13.15
Pantaloons Pimple Saudagar 15000 12 21.92
Pantaloons Kumar Pasific Mall, 18000 12 18.26
Swargate
Appendix XV
Zudio Business in Pune
Name Location Area Avg SSPD
Rev/Year
Zudio Grand Highstreet Mall, 4000 9.84 67.40
Hinjewadi
Zudio ABZ, Baner 15000 18 32.88
Zudio FC Shivajinagar 6000 15.6 71.23
Zara Pavillion SB Road 23000 42 50.03
Zudio Laxmi Road 7000 12.6 49.32
Zara Phoenix Marketcity 37000 42 31.10
Zudio Pimpri Chinchwad 5000 12 65.75
Zudio Kumar Pasific Mall, 6000 11.4 52.05
Swargate
Appendix XVII
Max Business in Pune
Name Location Area Avg SSPD
Rev/Year
Max Grand Highstreet Mall, 11000 8.4 20.92
Hinjewadi
Max WestEnd Mall, Aundh 12000 26.4 60.27
Max Phoenix Marketcity 13500 16.8 34.09
Max Elpro Mall, Pimpri 20000 19.2 26.30
Chinchwad
Max Seasons Mall, Hadapsar 13000 18 37.93
Max Amanora Mall, Hadapsar 10000 4.8 13.15
Max Kumar Pasific Mall, 12000 19.8 45.21
Swargate
Appendix XVIII
H&M Business in Pune
Name Location Area Avg SSPD
Rev/Year
H&M WestEnd Mall, Aundh 23000 26.88 32.02
H&M Phoenix Marketcity 35000 18 14.09
H&M Amanora Mall, Hadapsar 22000 15.6 19.43
Appendix XIX
ZARA Business in Pune
Name Location Area Avg SSPD
Rev/Year
Zara Pavillion SB Road 23000 42 50.03
Appendix XXI
Business Statistics of Relevant Brands in Catchment: Baner
Name Location Area Avg Productivity
Rev/Year
Zudio ABZ, Baner 15000 18 12000.00
Pantaloons ABZ, Baner 14370 19.2 13361.17
Pantaloons Baner Road 10500 22.56 21485.71
BIBA Baner 1300 0.84 6461.54
Suhasini Creations Baner 600 0.504 8400.00
Raymonds Baner 1000 1.5 15000.00
WestSide Baner 14000 54 38571.43
Urban Kurtis Baner 400 0.96 24000.00
N&M Designer Studio Baner 800 0.96 12000.00
Fab India Baner 2000 6 30000.00
Appendix XXII
Business Statistics of Relevant Brands in Catchment: Aundh
Name Location Area Avg Productivity
Rev/Year
Ray Ethnic ITI Road Aundh 1600 3.36 21000.00
Fab India Experience ITI Road Aundh 8500 12 14117.65
Centre
Taniera (Tata) ITI Road Aundh 6000 7.2 12000.00
Jai Hind ITI Road Aundh 10000 13.2 13200.00
Appendix XXII
Business Statistics of Relevant Brands in Catchment: Shivaji Nagar
Name Location Area Avg Productivity
Rev/Year
Saudamini Handlooms FC Shivajinagar 1000 0.72 7200.00
Appendix XXIII
Business Statistics of Relevant Brands in Catchment: Peth – Bajirao Road
Name Location Area Avg Productivity
Rev/Year
Appendix XXV
Business Statistics of Relevant Brands in Catchment: Peth – Tilak Road
Name Location Area Avg Productivity
Rev/Year
Pratima Silks Tilak Road 2000 3.6 18000.00
Peter England Tilak Road 1000 1.2 12000.00
Linen Club Tilak Road 1200 1.44 12000.00
Peter England - 2 Tilak Road 2000 0.96 4800.00
Small Shops on Tilak Tilak Road - 0 -
Road (50+)
Appendix XXVI
Business Statistics of Relevant Brands in Catchment: Kothrud & Karve Road
Name Location Area Avg Productivity
Rev/Year
Charvi Sarees Karve Road 900 1.44 16000.00
Celebrating Fabrics Karve Road 900 1.2 13333.33
Queens Exclusive Karve Road 900 1.32 14666.67
Jai Hind Karve Road 25000 18 7200.00
Adidas Karve Road 900 3 33333.33
Kasat Exclusive Karve Road 6500 7.8 12000.00
Kasat Exclusive - 2 Karve Road 6500 7.8 12000.00
Biba Karve Road 1100 0.96 8727.27
Kosho by Apoorva Karve Road 1100 1.08 9818.18
Chajjed
Cotton Cottage Karve Road 1000 1.44 14400.00
Utsav (Near Karishma Karve Road 9500 5.4 5684.21
Society)
Trends Karve Road 8000 10.5 13125.00
Sabhyata Karve Road 600 0.96 16000.00
Aastha Karve Road 400 0.66 16500.00
Ananya Karve Road 400 0.66 16500.00
Fashion Creations Karve Road 400 0.66 16500.00
Fragrance Designs Karve Road 400 0.66 16500.00
Manikarnika Boutique Karve Road 400 0.66 16500.00
Clai Kothrud 2800 3.96 14142.86
Kajree Kothrud 3600 5.16 14333.33
Sabhyata Kothrud 600 0.6 10000.00
Klub Fox Kothrud 500 0.6 12000.00
Appendix XXVII
Business Statistics of Relevant Brands in Catchment: Pimpri Chinchwad
Name Location Area Avg Productivity
Rev/Year
Peter England Pimpri Chinchwad 1600 2.4 15000.00
Jai Hind Pimpri Chinchwad 15000 43.2 28800.00
Raymonds Pimpri Chinchwad 4200 4.8 11428.57
Kala Shetra Pimpri Chinchwad 12000 2.7 2250.00
Trends Pimpri Chinchwad 10000 12 12000.00
Zudio Pimpri Chinchwad 5000 12 24000.00
Hastkala Pimpri Chinchwad 7000 6 8571.43
Peter England - 2 Pimpri Chinchwad 3500 3 8571.43
Raymonds - 2 Pimpri Chinchwad 2200 5.4 24545.45
Clai World Pimpri Chinchwad 30000 24 8000.00
FabIndia Pimpri Chinchwad 4000 2.4 6000.00
WestSide Pimpri Chinchwad 18000 19.8 11000.00
Vaama (Collection) Pimpri Chinchwad 9000 6.3 7000.00
Pantaloons Pimpri Chinchwad 30000 9.6 3200.00
Appendix XXVIII
Business Statistics of Relevant Brands in Catchment: Pimple Saudagar
Name Location Area Avg Productivity
Rev/Year
Raymonds Pimple Saudagar 2000 1.8 9000.00
Pantaloons Pimple Saudagar 15000 12 8000.00
Westside Pimple Saudagar 15000 12 8000.00
Trends Pimple Saudagar 20000 14.4 7200.00
Naksh Pimple Saudagar 1800 1.08 6000.00
Louis Philippe Pimple Saudagar 1000 1.68 16800.00
Cantabil Pimple Saudagar 1000 0.84 8400.00
Van Heusen Pimple Saudagar 950 1.32 13894.74
Allen Solly Pimple Saudagar 950 1.32 13894.74
Appendix XXX
Business Statistics of Relevant Brands in Catchment: SGS Mall, Pune Camp
Pantaloons SGS Mall, Pune Camp 19000 10.5 5526.32
Soch SGS Mall, Pune Camp 1100 1.08 9818.18
WestSide SGS Mall, Pune Camp 27000 31.2 11555.56
Appendix XXXI
Business Statistics of Relevant Brands in Catchment: Phoenix Marketcity, Vimannagar
Name Location Area Avg Productivity
Rev/Year
Allen Solly Phoenix Marketcity 1400 3.84 27428.57
Aurelia Phoenix Marketcity 1000 1.5 15000.00
Biba Phoenix Marketcity 950 2.28 24000.00
Blackberry Phoenix Marketcity 1200 4.8 40000.00
Ethnicity Phoenix Marketcity 3800 4.2 11052.63
FabIndia Phoenix Marketcity 7500 3.78 5040.00
Global Desi Phoenix Marketcity 980 1.32 13469.39
H&M Phoenix Marketcity 35000 18 5142.86
Indya Phoenix Marketcity 750 1.32 17600.00
Indifusion Phoenix Marketcity 550 2.4 43636.36
Jaypore (Designer wear) Phoenix Marketcity 2800 10.5 37500.00
Jahapanah Phoenix Marketcity 750 1.02 13600.00
Lifestyle Phoenix Marketcity 25000 20.4 8160.00
Appendix XXXII
Business Statistics of Relevant Brands in Catchment: Westend Mall, Aundh
Name Location Area Avg Productivity
Rev/Year
H&M WestEnd Mall, Aundh 23000 26.88 11686.96
Shoppers Stop WestEnd Mall, Aundh 30000 60 20000.00
Louis Philippe WestEnd Mall, Aundh 1500 3.78 25200.00
Levis WestEnd Mall, Aundh 1500 2.31 15400.00
Raymonds WestEnd Mall, Aundh 1000 2.472 24720.00
W WestEnd Mall, Aundh 1600 1.32 8250.00
Max WestEnd Mall, Aundh 12000 26.4 22000.00
Aurelia WestEnd Mall, Aundh 1200 1.08 9000.00
Soch WestEnd Mall, Aundh 1700 2.64 15529.41
Global Desi WestEnd Mall, Aundh 1200 1.2 10000.00
Ray Ethnic WestEnd Mall, Aundh closed - -
Ethnicity WestEnd Mall, Aundh 1300 2.49 19153.85
Biba WestEnd Mall, Aundh 1450 1.59 10965.52
Pantaloons WestEnd Mall, Aundh 10000 20.4 20400.00
Jashn WestEnd Mall, Aundh 650 1.14 17538.46
Imara WestEnd Mall, Aundh 600 0.48 8000.00
Appendix XXXIV
Business Statistics of Relevant Brands in Catchment: Pavillion Mall, SB Road
Name Location Area Avg Productivity
Rev/Year
Zara Pavillion SB Road 23000 42 18260.87
Appendix XXXV
Business Statistics of Relevant Brands in Catchment: Seasons Mall, Hadapsar
Name Location Area Avg Productivity
Rev/Year
Allen Solly Seasons Mall, Hadapsar 1000 1.56 15600.00
Adidas Seasons Mall, Hadapsar 1080 2.16 20000.00
Clai Seasons Mall, Hadapsar 600 0.84 14000.00
Ethnicity Seasons Mall, Hadapsar 4500 2.4 5333.33
Louis Philippe Seasons Mall, Hadapsar 3000 5.04 16800.00
Max Seasons Mall, Hadapsar 13000 18 13846.15
Peter England Seasons Mall, Hadapsar 810 1.32 16296.30
Trends Seasons Mall, Hadapsar 8500 14.4 16941.18
Sabhyata Seasons Mall, Hadapsar 600 0.96 16000.00
Soch Seasons Mall, Hadapsar 900 1.08 12000.00
Van Heusen Seasons Mall, Hadapsar 7500 3.36 4480.00
W Seasons Mall, Hadapsar 850 0.96 11294.12
Westside Seasons Mall, Hadapsar 19000 36 18947.37
Blackberry Seasons Mall, Hadapsar 1000 1.44 14400.00
Lifestyle Seasons Mall, Hadapsar 20000 12 6000.00
Pantaloons Seasons Mall, Hadapsar 20000 9.6 4800.00
Puma Seasons Mall, Hadapsar 500 1.8 36000.00
Raymonds Seasons Mall, Hadapsar 2400 2.16 9000.00
Nawabi Seasons Mall, Hadapsar 500 1.08 21600.00
Appendix XXXVI
Business Statistics of Relevant Brands in Catchment: Amanora Mall, Hadapsar
Name Location Area Avg Productivity
Rev/Year
H&M Amanora Mall, 22000 15.6 7090.91
Hadapsar
Max Amanora Mall, 10000 4.8 4800.00
Hadapsar
Trends Amanora Mall, 10000 6.96 6960.00
Hadapsar
Ethnicity Amanora Mall, 8000 1.8 2250.00
Hadapsar
Appendix XXXVIII
Business Statistics of Relevant Brands in Catchment: Kumar Pacific Mall, Swargate
Name Location Area Avg Productivity
Rev/Year
Ethnicity Kumar Pasific Mall, 1130 0.84 7433.63
Swargate
Span Kumar Pasific Mall, 900 0.78 8666.67
Swargate
Max Kumar Pasific Mall, 12000 19.8 16500.00
Swargate
Pantaloons Kumar Pasific Mall, 18000 12 6666.67
Swargate
Zudio Kumar Pasific Mall, 6000 11.4 19000.00
Swargate
Shoppers Stop Kumar Pasific Mall, 20000 16.8 8400.00
Swargate