iWorld
No Nazar Shines at Indian Sneaker Festival 2025: Blending Ancient Protection with Modern Streetwear in Mumbai Debut
MUMBAI: The Indian Sneaker Festival (ISF) 2025, which saw its high-profile Mumbai debut at the MMRDA Grounds on December 6th and 7th, was not just a landmark event for sneakerheads and music lovers, but a powerful platform for homegrown fashion to stake its claim. Among the over 60 global and Indian brands, contemporary streetwear label No Nazar was a standout, successfully merging cultural tradition with cutting-edge urban design.
Check out the brand here: https://nonazar.in/?srsltid=AfmBOorfkrDfNPC7oVXjiJWnovFjtijRadJohKDlV18jmbmLrBLdnft5
The two-day festival, which featured explosive performances from international headliners like Tyla and Lil Yachty, alongside Indian artists such as KR$NA, transformed the venue into a vibrant hub of street culture. While global players like Skechers and Puma drew crowds for exclusive sneaker drops, it was the unique conceptual depth of brands like No Nazar that offered a true reflection of India’s evolving creative landscape.
The ‘No Nazar’ Ethos: A Shield of Style
At ISF 2025, No Nazar’s collection—which prominently features oversized cotton T-shirts and structured hoodies—resonated deeply with the Gen Z and millennial audience. Pieces like “The Fallen Angel T-Shirt,” “The Dragon Curse T-Shirt,” and various ‘Twilight Owl’ hoodies, showcased bold, graphic-heavy designs that speak to a generation seeking both self-expression and a symbolic defense against negative energy.
“No Nazar isn’t just another streetwear brand. It’s a shield, a statement, and a story woven into every thread. We transform the timeless concept of the Evil Eye protection into contemporary design, creating pieces that don’t just turn heads – they ward off the negative energy that tries to dim your shine,” states the brand’s mission.
A Beacon for Indian Streetwear
No Nazar’s presence alongside other dynamic Indian labels like Comet, Anaar, and Zaydn highlights a critical shift in the Indian fashion market. The festival’s success underscored a growing appreciation for local brands that offer unique designs, compelling storytelling, and a perfect blend of quality and affordability.
The brand’s ability to infuse profound cultural significance—drawing on ancient beliefs and translating them into global streetwear silhouettes—makes it a significant contributor to India’s $2 billion streetwear sector. Their showcase at ISF was a clear signal that Indian fashion is ready to lead the conversation, offering original concepts that stand shoulder-to-shoulder with international giants.
Between the exclusive product drops, sneaker customization workshops, gourmet food stalls, and the electric energy of the musical acts, No Nazar’s stall served as a cultural anchor, inviting attendees to wear their protection and their style with equal confidence.
Check out their Instagram page
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
