Adani Wilmar reported robust double-digit volume growth, driven by strong performance in the Food and Fast Moving Consumer Goods (FMCG) sectors, according to its quarterly business update. However, the edible oil segment faced challenges in the second quarter of FY24. The company achieved a standalone volume growth of 11 per cent in the quarter. The […]
In the September quarter, Future Consumer (FCL) defaulted on the payment of Rs 369.59 crore in principal and interest on loans from banks, financial institutions, and unlisted debt securities. FCL, the Fast Moving Consumer Goods (FMCG) arm of the financially strained Future Group, reported a default of Rs 253.95 crore on loans and revolving facilities, […]
Godrej Consumer Products has reported mid-single-digit volume growth in the domestic market for the July-September quarter, despite challenging macros and adverse weather conditions. In a quarterly update on Thursday, the company stated, “Overall, Home Care volumes grew in mid-single digit while Personal Care grew in low-single digit.” The performance of the Park Avenue and KamaSutra […]
Meesho, the ecommerce marketplace has secured close to 1 crore orders over the course of 4 sale days. During these sale events, Meesho welcomed over 50 lakh new customers. The company saw nearly 75 per cent of the demand coming from tier 2+ markets like Amravati, Aurangabad, Dehradun, Nellore, Solapur, and Warangal. In the last […]
Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in 2007 with […]
The Competition Commission of India (CCI) has given its approval for the acquisition of a 1.74 per cent ownership stake in Lenskart Solutions by Kedaara Capital Fund III LLP. Lenskart Solutions specialises in eyewear products, while Kedaara Capital Fund is a registered Alternative Investment Fund (AIF) under SEBI and is part of the Kedaara Group. […]
Avenue Supermarts, the owner and operator of the retail chain DMart, reported an 18.51% increase in standalone revenue from operations, reaching Rs 12,307.72 crore in the second quarter of the current fiscal year. This compares to the revenue from operations of Rs 10,384.66 crore in the same period the previous year, as stated in a […]
The Good Glamm Group, eyeing an IPO in two years, is strategically prioritizing profitability by diversifying revenue streams and optimizing costs, according to Co-Founder Priyanka Gill. The content-to-commerce player, known for its omni-channel strategy and digital velocity, aims to capitalise on strong consumer sentiment and shopping intentions in the upcoming festive season. Currently experiencing over […]
Trunativ, the homegrown protein brand has reported a 700 per cent year-on-year (YoY) growth in the past year, Pranav Malhotra, Founder of Trunativ told BW Retail World while giving the credit to the brand’s new SKUs. “New product development and listening to the consumer very closely before we launch is something that we have started […]
Godrej Agrovet’s oil palm business vertical has announced that the company will set up an integrated palm oil complex in Telangana. To be set up in the Khammam district, it will consist of a crude palm oil mill along with the provision of setting up a refinery in the near future. The company has an […]
