Brands
PartyNite Metaverse Creates RasasiWorld for perfume giant
MUMBAI: It’s got the whiff of a good partnership. Gamitronics-backed PartyNite, India’s homegrown metaverse has signed a multi-pronged association with west Asian perfume brand Rasasi. In a bid to expand its digital footprint exponentially, the perfume giant has acquired a prime piece of virtual real estate within the PartyNite metaverse, aptly naming it as RasasiWorld where fragrance and storytelling unite to offer an unparalleled immersive experience. RasasiWorld is aimed to redefine the way one interacts with fragrances and connects with brands.
RasasiWorld stands as an acre of land bought as a digital collectable within the PartyNite ecosystem which has a Rasasi store front and a few forests from where the best quality agarwood is sourced which is a parallel to the forests across four countries India, Srilanka, Cambodia and Indonesia IRL. Adding a layer of interactivity, within RasasiWorld, a Gen-AI fuelled perfumer Talha will be teaching a step -by- step method to make perfumes which will be a great way to run campaigns for the user to learn the process and create their own scents that might selectively be launched in the real world as well.
The feature not only creates opportunities for users to get immersed in RasasiWorld but opens up a sense of ownership in the users and converts them into brand loyalists. The activation also integrates generative-AI features as well, using which users can access a plethora of information about perfumes, Rasasi store locations, in-depth understanding for connoisseurs and customised instant solutions for all users.
“Oud has always symbolized spirituality, indulgence, and healing. Through the Agarwood metaverse, we are creating a virtual realm where the legacy of oud transcends physical barriers, engaging audiences with a fusion of heritage and future technology,” said Rasasi Perfumes business head Omeir Kalsekar.
“Bringing Agarwood into the metaverse is an exciting step forward, where tradition meets innovation,” said Rasasi Perfumes head of marketing & retail operations Apoorva Srivastava: “With this initiative, we are not only redefining how people experience luxury but also celebrating a cultural icon in a way that resonates with a digital-native audience.”
Launched at the prestigious location of Theatre of Digital Arts (Toda) in Dubai, in the presence of the royalties of UAE, over a 360-degree virtual reality screen and virtual reality headsets RasasiWorld opened its gates to users amidst much fanfare and a quick immersive experience of what is in store for them through a seven-minute content extraction from PartyNite. The virtual land parcel will be held by the perfume giant in perpetuity giving it a long-term window to engage with users and nurture a captive audience into loyalists.
PartyNite founder Rajat Ojha expressed his delight at being chosen as the platform of choice by Rasasi, saying: “This collaboration is not just an innovative marketing move but a landmark one that opens up a plethora of use cases for metaverse-brand collaborations. A legacy brand invests in storytelling and embarks on creating loyalists which is always a long-term play instead of quick to forget thirty seconders which are snacky in nature. It is extremely forward thinking of Rasasi to not just immerse its audiences in story telling but also nurture them with multipronged immersive experiences to turn them into a captive audience who eventually become loyalists. Users get to learn about the legacy of the brand and their craftsmanship, understand the category better, immerse themselves in experiences like visiting the forests, sourcing agarwood and finally visiting the workshop to make a perfume which may even be launched in the real world. By the time you are done, you are not just well acquainted with the brand you become an expert yourself under Rasasi’s aegis so by default you become a Rasasi loyalist”
He added: “Imagine a brand which is purely dependent on olfactory senses has taken its marketing -mind a few notches higher to cultivate its audiences. It’s clearly a brand play directed at GenZ and Gen Alpha to hog their share of screen time, catch them where they live and give them what they enjoy which is interactive and immersive- not just a mere video where then they will zone out. Stories build a brand and stories that convert a user to a loyalist and that’s what we are trying to achieve with Rasasi World. Adding a layer of generative AI which paces up everything to the gamification of the experience which puts people right into the heart of the brand story, creating a community and bringing like minded people together, this association also showcases PartyNite’s technical prowess and how we can push the limits”.
He further elaborated: “The next generation will live in 3D if not living there already, and we need to prepare for it now. The metaverse is the present, and Rasasi’s foray in the metaverse with Rasasi World is an exemplary move in embracing the evolution of consumer engagement. By creating a digital territory that combines storytelling, interactivity, and fragrance exploration, Rasasi is not merely keeping pace with this evolution; it is setting an example for how brands can build lasting connections with their audiences.”
Rasasi World will not only provide virtual assets for purchase but also extend the opportunity to acquire physical items, bridging the gap between the digital and physical worlds. This collaboration underscores the broader trend of brands venturing into the metaverse.
Brands
Kwality Wall’s reports standalone losses following strategic HUL demerger
Ice cream major faces Rs 64 crore Ebitda loss amid commodity inflation and muted Q3 sales
MUMBAI: Kwality Wall’s (India) Limited (KWIL) has released its first set of financial results as a standalone entity, revealing a challenging start to its independent journey. Following its successful demerger from Hindustan Unilever Limited (HUL) on 1st December 2025 and its subsequent listing on 16th February 2026, the company is navigating a transition period marked by structural changes and high input costs.
For the quarter ended 31st December 2025, the company reported revenue of Rs 222 crores. Despite the revenue base, the bottom line was impacted by several factors, resulting in an Ebitda loss of Rs 64.2 crores. When calculated on a Pre-IND AS 116 basis, the Ebitda loss stood at Rs 83.8 crores.
Organic Sales Growth (OSG) declined by 6.5 per cent year-on-year during the quarter. Volume growth, however, saw a marginal increase of 1.2 per cent. The company reported a gross margin of 41.5 per cent. Additionally, exceptional expenses amounting to Rs 94 crores were recorded, primarily linked to non-recurring costs during the transition phase.
Performance across portfolios and channels was mixed. Within the impulse portfolio, brands such as Magnum and Cornetto recorded mid-single digit volume growth, indicating steady demand in on-the-go consumption. However, the in-home portfolio, which includes take-home packs, experienced muted consumption. The company is planning a relaunch of this category with improved offerings ahead of the 2026 season.
Quick commerce (Q-Com) continued to emerge as a strong growth driver, delivering robust double-digit growth during the quarter. Meanwhile, the company also expanded its physical distribution network by increasing the number of company-owned cabinets across markets.
Margin pressure during the quarter was driven by a combination of one-off factors and broader cost inflation. Gross margins were impacted by around 600 basis points due to trade investments made for stock liquidation. Additionally, cocoa price inflation contributed to another 400 basis points of pressure on margins.
Deputy managing director Chitrank Goel attributed the muted performance partly to prolonged monsoons and transitional challenges linked to the GST framework. Operating expenses also increased as the company invested in establishing its standalone supply chain, operational systems and corporate infrastructure following the demerger.
Looking ahead, the management remains focused on a volume-driven growth strategy. To restore profitability, the company has initiated a cost productivity programme aimed at reducing non-consumer-facing costs. It is also working on building regional manufacturing networks to optimise logistics expenses and improve operational efficiency.
The commodity outlook for the near term remains mixed. Dairy prices are expected to remain firm due to tight supply conditions and rising fodder costs. Sugar prices may also move higher following increases in the Minimum Selling Price (MSP). While cocoa prices have moderated recently, currency depreciation has offset some of the potential cost relief for the company.
