MAM
Beyours records exponential business growth; Targets 50 crore for the next fiscal
Mumbai: Beyours, a leading player in the direct-to-consumer fashion segment, has recently recorded a significant milestone in its growth journey. From bootstrap’s inception in May 2019, Beyours has rapidly scaled its operations, reflecting an unwavering commitment to quality and customer satisfaction.
Having witnessed a remarkable growth trajectory, the company reported a revenue leap from 6 crore last year to an impressive 14-15 crore this year and has set an ambitious target of 50 crore for the next fiscal year. This growth trajectory is backed by its robust sales strategy, with 90% of sales generated through the website and the remaining 10% through its partnership with Myntra.
Commenting on the company’s remarkable growth, co-founder Nilesh Karnani said, “This expansion and revenue growth reflects our commitment to excellence and sustainability in the fashion industry. We aim to keep setting higher benchmarks for ourselves, contributing to the development of a more stylish and conscious world.”
In tandem with the monumental financial growth, Beyours has also expanded its office space from 5,000 square feet to a sprawling 13,000 square feet. This expansion accommodates the company’s growing team, which has more than doubled in size, from 13-14 employees to 30 dedicated professionals.
Co-founder Ashish Baheti expressed his enthusiasm about the company’s achievements, stating, “Our journey from a small office space to a significant footprint in the fashion industry is a testament to our team’s hard work and our customers’ trust. We are thrilled to see our vision materialize, as we continue to innovate and elevate the shopping experience for our valued customers.”
A standout moment for the company was the Diwali sale, where Beyours generated revenue of 50 lakh in a single day, highlighting the brand’s strong market presence and consumer trust. The air joggers, Air cargo & classic shirts, have emerged as hit sellers, underscoring Beyours’ ability to understand and cater to the evolving needs of the fashion-forward consumer.
As Beyours continues on its upward trajectory, the company remains dedicated to delivering high-quality, fashion-forward products to its growing customer base. With a solid foundation and a clear vision for the future, Beyours is poised to redefine the fashion landscape.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
