Britannia Plans Higher Spend To Scale Up Ecommerce
Britannia to raise spending on regional competition and e-commerce as stable input costs lift margins and growth outlook
Britannia to raise spending on regional competition and e-commerce as stable input costs lift margins and growth outlook
Lenskart posts nearly 20 per cent rise in Q2 profit as revenue and margins strengthen, supported by domestic growth, overseas demand and recent acquisitions.
With this acquisition, Reliance Consumer Products aims to bring new life to Velvette’s storied brand and build on its rich heritage
Binod Chaudhary, the Nepalese billionaire behind the renowned Wai Wai brand of instant noodles, is eyeing a significant move in the Indian market. His conglomerate, Chaudhary Group’s (CG) food unit in India, CG Foods India, is gearing up for a potential listing by 2026, marking a milestone in the company’s expansion strategy. Based in Gurgaon, […]
Hyundai Motor’s Indian unit on Friday said it would invest Rs 6,000 crore in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor’s plant in the state. India’s second-largest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its […]
Tata Consumer Products (TCPL) will fund its acquisitions of Capital Foods and Organic India, which have a combined enterprise value of Rs 7,000 crore, with internal cash reserves and bridge financing, MD and CEO Sunil D’Souza said on Sunday. Both acquisitions are in regions with “huge runway for growth,” where margins are “far accretive” and the company […]
HCLTech has reported strong financial results for the third quarter of the fiscal year 2024. The company’s consolidated net profit witnessed a noteworthy 6 per cent year-on-year (YoY) increase, reaching Rs 4,350 crore for the quarter ending 31 December 2023, compared to Rs 4,096 crore in the corresponding period of the previous year. The consolidated […]
High-profile acquisitions, Apple’s foray and the blend of online and offline experiences redefine India’s retail landscape in 2023 As 2023 concluded, the retail landscape experienced substantial changes where high-profile acquisitions and divestments were seen reshaping the corporate landscape. With the arrival of tech giant Apple in India, the direct-to-consumer (D2C) platforms and brands embracing the […]
Brainbees Solutions (FirstCry), a retail platform specialising in products for mothers, babies, and kids, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The initial public offering (IPO) of the company includes a fresh issue of equity shares totaling up to Rs 18.16 million and an offer-for-sale […]
The shares of Honasa Consumer, which owns the beauty and personal care brand Mamaearth, saw a muted debut on the Indian stock exchanges with just over a 2 per cent premium on Tuesday. Honasa Consumer has listed at Rs 333 per share, against the IPO issue price of Rs 324. At the time of filing […]