Brands
Peps Industries opens sleep-first concept store in Bengaluru, targets 50 new outlets by 2025
MUMBAI: In a city where hustle never sleeps, Peps Industries has made room for those who do. The country’s best-selling spring mattress brand flung open the doors of its latest experiential Great Sleep Store in Indiranagar, Bengaluru—a neighbourhood known more for bar crawls than bedtime rituals.
The new store aims to be more than just a mattress outlet. It invites customers to lie down, stretch out and get comfortable with sleep science. With interactive displays and hands-on consultations, Peps hopes to turn sleep shopping into something of a wellness intervention.
“At Peps, we’ve always believed that quality sleep is the cornerstone of a healthy and fulfilling life. Our mission has never just been about selling mattresses but it has been about redefining how India sleeps. With every Great Sleep Store we open, especially in lifestyle-forward areas like Indiranagar, we’re bringing that mission to life in more meaningful ways. This store is more than a retail space; it is a sleep experience center, where customers can truly understand what their body needs and explore scientifically designed solutions that support long-term wellness”, said Peps Industries MD Shankar Ramm.
Peps inaugurated the Indiranagar store with former corporator C.R. Lakshminarayan and The Little Dreamers franchise owner Anusha Shankar Ramm. The outlet showcases Peps’ premium spring mattress collection, engineered to enhance airflow, support spinal alignment, and boost durability—all of which the brand claims are crucial for restful sleep.
As part of its expansion blueprint, Peps has committed to opening 50 more outlets across India by the end of 2025. This follows a significant expansion in both online and offline retail footprints in FY 2024-25. The company has embraced a hybrid retail model, recognising that even in the digital age, some customers still prefer to feel the bounce before they buy.
From urban centres to tier two towns, Peps is betting on India’s growing awareness of sleep hygiene to fuel its growth. And if its experiential store format finds favour, bedtime may just become the next big frontier in lifestyle retail.
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Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: 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.
