CPS Shapers Limited Enters Contract Manufacturing and Sale Agreement with Baazar Retail Private Limited
C P S Shapers Limited has announced a strategic Contract Manufacturing Agreement with Baazar Retail Private Limited. The agreement focuses on the manufacturing and supply of apparel and related products, aiming to boost the Company's market presence and expand its operations in the organized retail and apparel segment.Under the terms of the contract, CPS Shapers Limited will manufacture products according to specifications, quality standards, and requirements set forth by Baazar Retail Private Limited. Additionally, the Company's goods will be displayed and sold through the retail outlets and stores operated by Baazar Retail Private Limited.
Baazar Retail Private Limited, which operates under the brand 'Baazar Kolkata', possesses a substantial retail footprint. The retailer maintains over 200 physical stores across India, with a particularly strong regional presence in Eastern and Northeastern India. Kolkata Baazar generates annual revenues exceeding ₹1,300 crore, servicing a large and diversified customer base within the organized retail sector.
This partnership is anticipated to significantly enhance the visibility and accessibility of CPS Shapers Limited's products across Kolkata Baazar's extensive retail network. The association is expected to create substantial sales opportunities, strengthen the brand's presence, and contribute positively towards increased revenues and market expansion for the Company.
CPS Shapers Limited believes that this strategic association will be instrumental in driving positive revenue growth and enhancing long-term business opportunities for the firm.
CPS Stock Price Movement
Today, C P S Shapers Limited shares gained 2.31% to settle at ₹989, driven by a rise of ₹22.35. The stock saw trading volume of 8,100 shares as it closed the market today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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