Godrej Consumer Products reported higher third-quarter sales growth and profit margins on Thursday, citing strong demand for its home and personal care products as well as a drop in input costs. Godrej Consumer Products reported slow growth in the FMCG sector in the December quarter, owing to poor rural consumption and a post-holiday slowdown. The […]
Marico said on Wednesday that its consolidated revenue will be in the low single digits year on year in the December quarter due to a muted recovery in rural demand amid elevated inflation. “Urban and premium categories maintained their steady pace of growth. However, recovery in rural demand was not as discernible as retail inflation […]
Anheuser Busch InBev and Heineken, two of the world’s largest brewers, said India is one of their top priority markets, but demand has been restrained due to high taxes and a limited number of retail outlets, despite the fact that it is growing at a similar rate as China. There are few countries in the […]
Avenue Supermarts , which owns and operates D-Mart, reported a 24.7 per cent increase in standalone revenue from operations to R 11,304.58 crore for the third quarter ended 31 December, 2022. Avenue Supermärts reported revenue from operations of Rs 9,065.02 crore in the October-December quarter a year ago in a regulatory filing on Tuesday. “Standalone […]
Cipla Health has launched Rivela Dermascience to mark its entry into the Indian skincare market. Rivela Dermascience, backed by the power of science and dermatologist expertise, aims to combine Cipla’s legacy of trust and care with advances in dermatological research. Experts created the brand, which focuses on providing the right ingredients for Indian consumers’ skincare […]
In India, there are approximately 270 unicorns and unicorns, with approximately 40 of them in industries such as fintech, ecommerce, and logistics having exceeded USD 100 million in revenue by the end of the fiscal year 2022. It took these startups between 5 and 12 years to reach this level of success. The time it […]
Walmart Inc. and other PhonPe shareholders will have to pay nearly USD 1 billion in taxes after the digital payments company relocated its headquarters to India, according to the media report. The bill is the result of the relocation and increase in value of PhonePe which Walmart acquired a majority stake in after acquiring parent […]
Amazon announced on Tuesday that it had reached an agreement with certain lenders to provide a USD 8 billion unsecured loan to the e-commerce giant. The term loan will mature in 364 days, with an option to extend for another 364 days, with the proceeds going toward general corporate purposes. According to a media report, […]
Shopify Technologies Inc launched a new service on Tuesday, aimed at large retailers allowing them to choose tools and services from the Canadian tech giant and integrate them with their online platform. The company said it had signed up toymaker Mattel Inc for the product and was looking to bring on other enterprise clients like […]
Oppo India is reorganising its channel management to sell its smartphones directly to local distributors, bypassing the Chinese layer that the company had established since its inception, as per media reports. The development coincides with increased government scrutiny of Chinese handset manufacturers such as Oppo. Oppo for distributing their products through Chinese partners. India has […]
