Brands
Keventers names Shaurya Prabhat as CEO to drive next growth phase
Expansion push, Gen Z focus and new formats shape brand’s next chapter
NEW DELHI: Keventers has appointed Shaurya Prabhat as its chief executive officer, marking a new chapter for the heritage milkshake brand as it looks to scale up for modern consumers. He takes over from Agastya Dalmia, who steered the company’s revival and repositioned it for a younger audience.
Prabhat’s journey with Keventers began in 2017, when he joined to lead business development at a time when the brand leaned heavily on a franchise-led model. Since then, he has steadily expanded his remit across strategy, marketing, operations, HR and business excellence, becoming central to the company’s evolution.
Before joining Keventers, he worked at The Smart Cube, now part of WNS Global Services, where he advised Fortune 100 clients across sectors ranging from retail and banking to pharmaceuticals and oil and gas.
As CEO, Prabhat has set an ambitious agenda. The company plans to open 70 new outlets over the next year, triple its size within three years and double that scale again by year five. Alongside its core outlets, Keventers is exploring newer growth avenues including retail and FMCG, quick commerce and institutional sales, all under a broader “House of Brands” strategy.
The brand is also sharpening its appeal to Gen Z consumers, refreshing its menu with offerings such as waffles, boba and cheesecake ice creams while retaining its legacy charm.
Shaurya Prabhat said, “I’d like to thank the Board for entrusting me with the responsibility of shaping the company’s next phase of growth. What I’ve learned over eight years is that the mission never really changes: grow the company, grow the brand, and do it with honesty. If you manage your inputs with excellence, the outcomes take care of themselves. I’m extremely excited about the vast opportunities ahead for us.”
Keventers founder Agastya Dalmia said, “I have worked alongside Shaurya for over eight years and known him for longer. I have seen how he thinks, how he leads, and how deeply he cares about this brand. He has led almost all significant decisions we have taken over the years and helped us navigate through the most complex situations, from Covid and restructuring our business model to fundraising and governance. I could not be prouder of what we have built together, and I could not be more confident about what he will build next.””
With a mix of nostalgia and new-age ambition, Keventers now appears set to blend its storied past with a sharper, faster future under Prabhat’s leadership.
Brands
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
