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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Libas bets on Gen Z workwear with AI-led label Gerua
2026-04-23 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

D2C fast fashion brand Libas has entered the workwear segment with the launch of Gerua, a new label targeting young professionals and first-time job entrants.

The move comes as Libas crosses a ₹1,000 crore annual run rate (ARR) and remains on track to deliver around 30 per cent year-on-year growth in FY2026, while staying EBITDA positive.

Gerua is positioned distinctly from Libas’s core fast-fashion play. Instead of high-frequency weekly launches, the brand will follow a drop-based model, with monthly capsule collections ranging between 80–200 SKUs. The initial launch will feature around 70–80 styles.

As an online-first brand, Gerua has no immediate plans for standalone stores and will scale based on data-led demand signals.

The catalogue spans button-down shirts, kurta sets, and structured suits, with kurtas starting at ₹499 and the overall range priced under ₹2,500. The brand is aimed at women aged 18–30, particularly those entering the workforce and seeking affordable, functional, yet stylish workwear.

The company is positioning Gerua to address a gap in the largely unorganised workwear segment, where younger consumers are increasingly shifting towards branded offerings.

Speaking to businessline, Sidhant Keshwani, Founder and CEO of Libas, said the brand is being built as an AI-first platform, with technology driving demand forecasting, design decisions, and campaign imagery.

“We wanted to create something that is young, modern, and accessible, built for a generation that is just starting its professional journey,” he said.

Separately, Libas continues to expand its offline footprint, having opened 28 stores in FY2026, up from 10 in the previous year, with plans to add over 50 stores in FY2027. Its Exclusive Brand Outlets (EBOs) have already contributed more than ₹100 crore in net sales. The company is also evaluating plans to go public over the next year, subject to market conditions.

Published on April 23, 2026