Nihar Info Global to launch new brands; Stock rises 5%

1 Feb 2022 , 09:25 AM

Nihar Info Global Limited which is one of the leading eCommerce Companies in India has announced that the decision to launch its own New Brands is Approved by the Board and also noted the turnover for the quarter ended December 31, 2021.

As per regulatory filing, Substantial Growth in the Turnover of the Company in the quarter ended 31st December,2021 has improved in terms of turnover of the Company with an upward/rising trend i.e., from Rs199.63 lakhs to Rs326.09 lakhs in the quarter ended 30th September, 2021 compared to quarter ended 31st December, 2021 .

The Company plans to launch Three Private Labels for various Products.

Private Label for Gold and Silver Bullion: The Company will be soon launching various Denominations of Gold and Silver Coins with its own Private Label. The Company would be selling these products in various eCommerce Marketplaces like Amazon.in and Flipkart.com under its own Brand. With the launch of Gold and Silver Coins, the Company will be able to clock Good Turnovers in the coming years.

Private Label for Healthcare Products: The Subsidiary company Life 108 Healthcare Private Limited would also be soon launching its own range of Healthcare and Fitness products with its own Private Label. The Company will be selling these products in its own ecommerce portal www.Life108.store and also in various other ecommerce Portals. The Company plans to launch at least 50 SKUs initially.

Private Label for Home, Kitchen and Lifestyle Products: The Company will be soon launching its own Private Label for Sale of various products related to Home, Kitchen, Lifestyle and Electronic Products. The Company would be selling these products in various eCommerce Marketplaces like Amazon.in, Flipkart.com, Tatacliq.com under its own Brand name. The Company plans to launch at least 150 SKUs before March, 2022.

On Tuesday, at around 9:26 AM, Nihar Info Global was trading at Rs16.90 apiece up by Rs0.8 or 4.97% on Sensex.