New Balance's India Partner Plans Major Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: Newsfilter
- Store Expansion Plan: Brandman Retail aims to increase its store count from 14 to 116 by 2028, with a target of 45 locations by April 2027, reflecting confidence in the rising demand for global brands in the Indian market.
- Market Potential: According to a Google-Deloitte report, India's sports goods and apparel market is expected to double to $58 billion by 2030, indicating a significant rise in consumer fitness awareness and discretionary spending.
- Shift in Consumer Trends: Brandman's director, Kashika Malhotra, highlighted a shift from price-driven to value-driven purchasing behavior among Indian consumers, particularly in the post-COVID era, showcasing a preference for high-quality products.
- Strong Financial Performance: Brandman's revenue for fiscal year 2026 rose by 20% year-on-year to 1.62 billion rupees, with net profit also increasing to 252.9 million rupees, demonstrating significant financial success in a rapidly growing market.
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Analyst Views on EL
Wall Street analysts forecast EL stock price to rise
18 Analyst Rating
8 Buy
9 Hold
1 Sell
Moderate Buy
Current: 82.460
Low
70.00
Averages
106.76
High
130.00
Current: 82.460
Low
70.00
Averages
106.76
High
130.00
About EL
The Estee Lauder Companies Inc. is a manufacturer, marketer and seller of skin care, makeup, fragrance and hair care products. Its products are sold in over 150 countries and territories under a number of brand names, including Estee Lauder, Aramis, Clinique, Lab Series, Origins, M.A.C, Bobbi Brown Cosmetics, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty. It is a license for fragrances, cosmetics and/or related products for AERIN, BALMAIN, and Dr. Andrew Weil. Its skin care products include moisturizers, serums, cleansers, toners, exfoliators, facial masks, body care, sun care products and others. Its makeup products include foundations, powders, concealers and setting sprays, lipsticks, lip liners and lip glosses, and mascaras, eyeshadows and eyeliners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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