“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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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. […]
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 […]
JioMart’s new hyperlocal delivery service aims to partner with local kirana stores for faster fulfilment Reliance Retail has launched a pilot program for immediate delivery of groceries and fast-moving consumer goods (FMCG) in select areas of Mumbai and Navi Mumbai, according to a report by the Economic Times. This quick delivery service is integrated into […]
