MAM
FNP appoints Paridhi Joshi as AVP retail
Mumbai: FNP ( previously Ferns N Petals) has appointed Paridhi Joshi as assistant vice president retail. Joshi has a vast 14 years of experience in the retail industry. Paridhi Joshi earlier worked with brands like Aditya Birla Fashion, Retail, and Colour Plus. She is renowned for strategic decision making and enthusiastic for giving innovative results.
Speaking to the media regarding the appointment of Paridhi Joshi, FNP global director and CEO Pawan Padia said, ‘ We are set to enhance the customer journey, infusion of latest trends, showcasing our gift offerings in an engaging and impactful way. We are confident that her leadership will bring valuable insights and contribute significantly to our endeavours.’
In a new role she will serve the company in strategic decision making and crucial decision making in customer engagement. FNP has a large presence across pan India and abroad.
Brands
Funskool India crosses US$40 million turnover in FY 2025-26
Toy manufacturer posts steady growth despite global headwinds.
MUMBAI: Funskool India has played its cards well turning challenges into steady growth while keeping the fun alive in the toy business. The country’s leading toy manufacturer has reported a turnover of $40 million in FY 2025-26, demonstrating resilience in a difficult global environment. The company recorded an average growth of 14 per cent over the past two years, with exports growing at a healthy 19% year-on-year.
While domestic business grew at a modest single-digit pace, Funskool saw encouraging traction in key categories such as Fundough (dough) and Handycrafts (arts & crafts).
Funskool India Ltd. CEO K.A. Shabir said, “We successfully navigated the challenges posed by US tariffs last year and continued to grow both our export and domestic businesses. Given the ongoing geopolitical situation in West Asia, we are currently working with a moderate growth outlook of 12–15 per cent, with plans to revisit our targets after Q1 once the situation stabilises.”
He highlighted strengthened partnerships with global companies including Spin Master (Canada), Moose Toys (Australia), Melissa & Doug (USA), Asmodee (France), Learning Resources (USA), and Buffalo Games (USA). The expansion of the company’s Goa plant is progressing and is expected to be completed by the end of the current financial year.
Looking ahead, Funskool expects a significant shift in domestic growth momentum for FY 2026-27, driven by new categories such as friction vehicles under the brand “BlazeTrix”, remote-control cars under “VoltRush”, and the addition of popular licences like Paw Patrol.
In an industry where playtime never stops, Funskool has shown that even in turbulent times, a smart strategy and strong partnerships can keep the business ticking along nicely. As it gears up for the next financial year, the company appears well-positioned to build on its solid foundation and bring even more joy to children worldwide.
