Grocery
consumer Economy Food Food & Beverage. Government Grocery News Retail Sector Trade

Govt’s Interventions, RBI’s Measures Helped Maintain Retail Inflation At 5.4%: Economic Survey 2024

During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions and supply disruptions contributed to rising inflationary pressures globally The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government’s timely policy interventions and the Reserve Bank of India’s price […]

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Brands Companies consumer Consumer Food Food & Beverage. Grocery News Retail Sector

MTR Foods Parent Company Orkla India Explores IPO, Aims For 2025 Launch

“We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging,” said Nils Selte, President and CEO, Orkla Norwegian investment firm Orkla is considering an initial public offering (IPO) for its Indian unit, which owns the renowned spices and condiments brands MTR […]

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consumer Consumer Economy Food Grocery News Retail Sector

Government Urges Retailers To Lower Pulse Prices Amid Wholesale Decline

Retail prices of pulses lag behind wholesale market drop; government warns against profiteering On Tuesday, the government called for retailers to adjust their profit margins on tur, urad and chana dals following a 4 per cent decline in wholesale prices over the past month as reported by PTI. Despite the fall in wholesale markets, retail […]

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Brands Companies consumer Consumer Fashion & Lifestyle Food Food & Beverage. Food/Entertainment Grocery News Retail Sector

DMart Reports 17.5% Increase In Q1 Profit

DMart reports a consolidated net profit of Rs 7.74 billion for the first quarter of 2024 versus Rs 6.59 billion a year earlier India’s Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5 per cent rise in first-quarter net profit. It reported a consolidated net profit of Rs 7.74 billion (92.68 […]

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Companies consumer Consumer Economy Food Food & Beverage. Food/Entertainment Grocery News Retail Sector

India’s Retail Inflation To Stay Below 5% For Most Of 2024-25: SBI Research

Monsoon progress and seasonal variations are expected to stabilise inflation rates Retail inflation in India is projected to remain below or close to 5 per cent for most of the remaining months of 2024-25, except for September, according to a report from The Economic Times. The report, authored by Soumya Kanti Ghosh, Group Chief Economic […]

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consumer Consumer E-commerce & Marketplaces Economy Fashion & Lifestyle Food Grocery News Retail Sector

75% Of Indian Consumers Plan To Increase Spending In Key Categories

Trust issues persist in the Indian retail industry despite increased consumer spending PwC’s inaugural ‘Voice of the Consumer Survey 2024’ draws on over 15 years of consumer research, capturing insights from over 20,000 consumers across 31 countries, including 1,000 consumers in India. The survey reveals that 75 per cent of Indian consumers anticipate increased spending […]

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Brands Companies consumer Consumer E-commerce & Marketplaces Grocery News People Retail Sector

Zepto Elevates Devendra Meel To Chief Business Officer

Meel will lead category management and foster brand partnerships, ensuring optimal assortment, pricing, availability and growth of all core categories on the platform Zepto has announced the promotion of Devendra Meel to Chief Business Officer, effective July 2024. In this pivotal role, Meel will lead category management and foster brand partnerships, ensuring optimal assortment, pricing, […]

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consumer Consumer Economy Export Food Food & Beverage. Government Grocery News Retail Sector

Domestic Onion Supply Comfortable, Retail Prices Stabilise: Government

The Ministry of Consumer Affairs, Food & Public Distribution said the sowing of onion crops is estimated to rise 27 per cent in the kharif (summer-sown) season The government on Friday said the availability of onion in the domestic market is comfortable and retail prices are stabilising. As reported by PTI, in a statement, the […]

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consumer Consumer Economy Food Food & Beverage. Grocery News Retail Sector

Tomato Prices In Delhi Surge Amid Heatwave

Retail prices of tomatoes among local vendors rise to Rs 70-80 per kilogram due to low supply Tomato prices have surged to Rs 80 per kg in some retail markets, up from Rs 35 a month ago, due to heavy rains in Himachal Pradesh damaging the road network and reducing supplies to major consumption centres. […]

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consumer Consumer Economy FMCG Grocery News Retail Sector

FMCG Sector To See 7-9% Revenue Growth In FY25: Crisil

Operating margins for FMCG companies are projected to expand by 50-75 basis points to reach 20-21 per cent India’s fast-moving consumer goods (FMCG) sector is expected to experience revenue growth of 7 to 9 per cent in the fiscal year 2024, driven by increased sales volumes and a resurgence in rural markets, according to a […]

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