Quarterly revenue rises 3.66 per cent, with strong market share gains in refrigerators and washers Consumer durables maker Whirlpool reported a 3.66 per cent increase in revenue from operations, reaching Rs 1,734 crore for the quarter under review, compared to Rs 1,672.65 crore in the same period last year. The company’s profit growth was attributed […]
The value retailer enters 46 new cities, bolstering its presence across India Trent’s value apparel format, Zudio, achieved a record expansion in fiscal 2024, opening 203 new stores and entering 46 new cities, bringing its total number of stores to 545. “During the year, Zudio added 203 new stores to its portfolio and consolidated 10 […]
Basmati rice brands ‘Daawat’ and ‘Royal’ lead growth amid challenging market conditions LT Foods, a global FMCG company with Indian origins and over 70 years in the consumer food sector, reported a 14 per cent increase in consolidated net profit, reaching Rs 150.24 crore for the fourth quarter of fiscal 2023-24, buoyed by strong sales. […]
Historic foray marks a new era for the 100-year-old company with a focus on home state Assam and future nationwide growth After a 100-year history, B&A has ventured into the retail segment with its new ‘Gatoonga’ brand of black tea, according to a senior company official. The brand was launched in Assam as the company […]
Inditex’s joint venture with Tata sees revenue growth slow to 8 per cent, marking a significant decline from previous years Spain’s Inditex, the parent company of the popular fashion brand Zara, experienced its slowest sales growth in India, excluding the pandemic year, during FY24. As the world’s largest fashion group, Inditex faced increasing competition in […]
A recent poll conducted on Hunch, a social discovery app, sheds light on the rapidly evolving shopping habits of consumers The fashion industry has experienced a significant paradigm shift, propelled by the digital revolution that has reshaped the way people shop. With a plethora of online platforms now available, buyers and sellers are no longer […]
ICRA estimates the food and beverages inflation to cross the 8.0 per cent mark this month The International Credit Rating Agency (ICRA) expects consumer price index inflation to grow at 5.0-5.2 per cent in May 2024. Data released by the Department of Consumer Affairs (DCA) indicates a mixed trend in retail food prices in May […]
Projections indicate a substantial growth trajectory for the Fashion Market, with revenues expected to surge to USD 14.68 billion in 2024 and maintain a robust annual growth rate of 10.65 per cent through 2029 As the scorching Indian summers reach their peak, the nation’s fashion brands and ecommerce platforms are poised to deliver the best […]
The proposal aims to address the fallout from Singapore and Hong Kong’s decision to recall certain spice mixes originating from India, citing pesticide residue levels exceeding permissible limits In the wake of recent recalls of popular Indian spice brands by authorities in Hong Kong and Singapore due to pesticide residue concerns, the Food Safety and […]
The data collected from selected urban markets and villages across all states and union territories highlights a comprehensive representation of the consumer price trends India witnessed a moderation in its retail inflation rate for the month of April 2024. According to the latest figures released by the Ministry of Statistics and Programme Implementation (MoSPI), the […]
