$50 Bil Market: Smallcap stock jumps 5% after launching its retailing platform in UAE

Synopsis: The shares of this small-cap retailing company jumped 5% after the launch of Cocoblu, a retail platform in the UAE. This was done by partnering with Noon, the region’s leading e-commerce platform. The Gulf’s e-commerce market is expected to cross USD 50 billion within this decade, which the company is trying to target.

The shares of this company, which comprises tech-focused new-age businesses, including e-commerce, electric vehicles, and drones, had its shares in the momentum today after the company announced the launch of its global retail platform, Cocoblu in partnership with Noon, region’s leading e-commerce platform

With the market cap of Rs 5,553 crore, the shares of  RattanIndia Enterprises Ltd had hit their intraday high at Rs 42.02, gaining about 5 per cent compared to their previous day’s closing price of Rs 40.17 . The shares have given a return of 306% over the last 5 years. 

About the launch of Cocoblu Global Retail in the UAE.

RattanIndia Enterprises has taken a meaningful step outside India by launching Cocoblu Global Retail in the UAE, marking its entry into the fast-growing Gulf e-commerce market. The venture is built in partnership with noon, the region’s leading e-commerce platform, and follows a hybrid retail–marketplace model. This allows Cocoblu to use Noon’s strong technology, logistics, and customer reach while bringing in its own experience in sourcing and category-led online retail.

Cocoblu Global Retail will start with a curated range of products across categories such as home, toys, sports, and electronics, and gradually expand based on customer demand in the region. A core objective of the platform is to help Indian and global brands enter GCC markets smoothly, giving them access to millions of consumers through an established digital ecosystem. The initiative also benefits from India–UAE free trade agreements, which make cross-border trade easier and more efficient.

From a longer-term perspective, the move fits well with RattanIndia Enterprises’ strategy of building technology-driven consumer businesses with global scale. The Gulf’s e-commerce market is expected to cross USD 50 billion within this decade, offering a large growth opportunity. By setting up a UAE-based entity and partnering with noon, RattanIndia strengthens commercial ties between India and the Gulf while positioning Cocoblu to grow alongside the region’s rapidly evolving digital retail landscape.

Financials and more.  

The revenue from operations for the company stands at Rs 2,124 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 1,801 crores, increasing by about 18 per cent YoY. However, the net loss stood at Rs 397 crore in Q2 FY26, up from a loss of Rs 242 crore in Q2 FY25. 

RattanIndia Enterprises Limited is the flagship company of the RattanIndia Group and is focused on building new-age, technology-driven businesses that can reach a large number of consumers. Its presence across e-commerce, electric mobility, fintech, and drones places it at the centre of India’s digital and innovation-led growth story. With India’s young and aspiring population driving demand, the company aims to use technology to solve everyday problems

On the business side, RattanIndia Enterprises operates through platforms such as Cocoblu Retail, one of India’s largest online sellers across categories; Revolt Motors, a market leader in electric motorcycles focused on clean and affordable mobility; and Wefin, a digital lending marketplace offering personal and two-wheeler loans in partnership with banks and NBFCs.

Backed by India’s expanding internet base, low e-commerce penetration, and rising adoption of electric vehicles and digital finance, the company is well positioned to grow alongside long-term structural trends.

Written by Leon Mendonca. 

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