Titan reported 12 per cent growth in combined sales year-on-year (YoY) across the company’s standalone business in the quarter ended December 2022. “The positive consumer sentiment helped all categories clock healthy double-digit growth despite a high base in the same period of last year. Continuing the network expansion (net), the retail presence stands at 2,362 […]
Kalyan Jewellers on Saturday reported a record consolidated revenue growth of approximately 13 per cent in Q3 FY23. The company witnessed positive momentum in the quarter gone by driven by strong footfall and revenue across all the markets majorly due to strong festive demand. “We recorded consolidated revenue growth of approximately 13 per cent in […]
The FMCG major announced on Friday that its India business is expected to grow in the low to mid-single digits, while its international business is expected to grow in the double digits in Q3 FY23. Dabur said in its regulatory filing that the demand trends for the industry remained weak during Q3 FY23 with rural […]
Airtel 5G Plus services will be made available to customers in stages as the company builds its network and completes the rollout. Customers with 5G-enabled devices will have access to the high-speed Airtel 5G Plus network at no extra cost until the network is more widely available, the company said in its official statement. Currently […]
The Confederation of All India Traders (CAIT) has emphasised the importance of data protection rules in ensuring that the retail and e-commerce sectors are not negatively impacted by big tech companies’ data collection and processing activities. CAIT stated that it is critical to impose restrictions on cross-border data flows to ensure that user data is […]
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 […]
Retail vehicle sales in India may suffer in the final quarter of the fiscal year, according to an automobile dealers body, which reported a more than 5 per cent year-on-year drop in December sales of 1.62 million units on Thursday. India has mandated that automakers comply with stricter fuel efficiency standards beginning in April 2023 […]
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 […]
The year 2022 will always go down as one of the most transformative years in the history of retail market. Brands and Retailers were seen emerging the impact of Covid 19, as retail was one of the worst-hit sectors. Over the past year, retailers have been taxed and squeezed by supply chain challenges, growing inflation, […]
