Tag: Mustang

  • Boult from the blue as Goboult reboots with bold new brand play

    Boult from the blue as Goboult reboots with bold new brand play

    MUMBAI: Fasten your seatbelts, Goboult is here, and it’s not just screwing around. India’s fastest-growing wearables brand, formerly known as Boult, has hit refresh with a full-throttle rebrand, new name, new logo, and a supercharged strategy to match. Now called Goboult, the company is revving up its ambitions, targeting Rs 1,000 crore in revenue by FY26 after clocking Rs 800 crore in FY25 nearly double what it pulled in two years ago.

    The new identity reflects more than a cosmetic makeover. It signals a decisive leap towards premiumisation, international expansion, and a tech-forward future built on speed, style, and substance. The name “Goboult” isn’t just a tagline, it’s a mindset. The “Go” symbolises agility, boldness, and forward motion, qualities baked into the company’s DNA.

    And that story carries into the new logo: a screwhead (think resilience and precision) fused with an arrow (aka momentum and transformation). Together, they represent Goboult’s ambition to be the personal tech brand for a generation that doesn’t wait.

    “We’re not just changing our name, we’re changing the way we operate,” said Goboult co-founder Varun Gupta. “Goboult is about thinking bigger and moving faster. It’s a personal milestone for me, a project I built with heart and hustle. We’re not following trends, we’re setting them.”

    The rebranding is backed by a Rs 25 crore investment in R&D and design innovation. That includes building AI-first capabilities, integrating smarter software into wearables, and doubling down on user-centric design. Engineering and design teams are being scaled up as the brand sharpens its focus on next-gen personal tech.

    A significant pivot is also underway in distribution. Goboult plans to expand its retail footprint from 3,000 to over 30,000 outlets across India in the next 18 months. That’s 10X growth in general trade, modern retail, and experiential formats expected to drastically shift the revenue mix, making offline sales a key driver.

    On the product side, Goboult is stepping into the Rs 2,000 plus ASP segment with a focus on style-conscious, tech-savvy offerings: wearables, audio gear, and smart personal devices. The aim is clear be the brand that bridges fashion, function, and futuristic tech.

    Also in the pipeline: global expansion. Goboult is preparing for launches in the US, Europe, Southeast Asia, and East Asia starting next year. The new identity is crafted to resonate with global audiences, positioning the brand as a serious contender in the personal tech space beyond India.

    The company is also exploring design-first collaborations and pop culture-infused partnerships. A recent limited-edition tie-up with Mustang was just the beginning of a trend that aligns the brand with bold, Gen Z sensibilities.

    Goboult co-founder Tarun Gupta summed it up: “We’re building for scale and experience across product, packaging, and retail. Everything is aligned toward our Rs 2,000 crore vision by 2030. This is more than a rebrand, it’s a blueprint for global leadership.”

    With IPO ambitions down the line and a pulse on what Gen Z wants next, Goboult is racing ahead to become India’s most aspirational personal tech brand, one that doesn’t just follow trends, but leads the charge.

    The screw’s tight, the arrow’s loaded Goboult isn’t slowing down anytime soon.

  • Boult tunes into success with record growth in India’s wearables market

    Boult tunes into success with record growth in India’s wearables market

    MUMBAI: Boult is turning up the volume in India’s wearables market, emerging as the fastest-growing brand in the True Wireless Stereo (TWS) segment. According to the latest International Data Corporation (IDC) report, Boult recorded an impressive 52 per cent growth in shipments, even as the overall wearables market faced an 11.3% year-on-year (YoY) decline. The brand’s market share rose from 9.7 per cent in 2023 to 12.9 per cent in 2024, solidifying its position as India’s leading homegrown TWS brand.

    Despite a tough landscape where smartwatch shipments plunged by 34.4 per cent and earwear grew only 3.8 per cent YoY, Boult defied the trend with double-digit growth. The brand’s total market share increased from 6.9 per cent (CY23) to 8.6 per cent (CY24), while its TWS market share jumped from 10.7 per cent to 13.0 per cent, reflecting a 32.8 per cent YoY growth.

    Boult founder Varun Gupta remarked, “Our success in the TWS and wearables segment is a result of our unwavering focus on innovation, design, and quality. We are committed to offering top-tier technology at accessible price points while continuing to strengthen our presence in India’s manufacturing ecosystem.”

    Boult’s financial performance also hit high notes, with Rs 600 crore in revenue for 2024-25 and projections to surpass Rs 800 crore in the current fiscal year. Its Gross Merchandise Value (GMV) has crossed Rs 1,000 crore, reinforcing its strong consumer demand and market influence. Strengthening its premium positioning, the Boult x Mustang collaboration has fuelled a 10 per cent market share rise in the Rs 1,500 – Rs 2,000 TWS segment.