Burger King India Operator Narrows Q3 Loss, Revenue Up 16%
The company opened 44 restaurants during the quarter, deepening its presence to 141 cities across the country
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Burger King India Operator’s Q3 Net Loss Shrinks To Rs 36.18 Cr, Revenue Up 15%
- by BW Retail World Bureau
- January 30, 2024
The operator of QSR Chain Burger King in India, Restaurant Brands Asia, on Monday, the company posted a reduced third-quarter loss, helped by robust holiday sales. The company’s consolidated net loss narrowed to Rs 36.18 crore (USD 4.4 million) in the three months ended 31 December from Rs 50.42 crore a year earlier. Nonetheless, it […]
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Sugar Cosmetics Revenue Surges 89% YoY, Eyes Break-Even In FY24 Despite Flat Loss
- by BW Retail World Bureau
- January 4, 2024
Omnichannel beauty retailer Sugar Cosmetics recorded a noteworthy 89% year-on-year surge in operational revenue for FY23, reaching Rs 420 crore, while maintaining a steady net loss of Rs 76 crore. The Mumbai-based company witnessed a substantial 68% increase in total expenses to Rs 505 crore, mainly attributed to heightened expenditure on stock-in-trade acquisitions due to […]
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Meesho’s Revenue Rises 77% To Rs 5,735 Cr In FY 2023
- by BW Retail World Bureau
- December 30, 2023
Meesho’s operating revenue grew by 77 per cent to Rs 5,735 crore for FY 2023 against Rs 3,232 crore in FY 2022, while incurring a loss of Rs 3,247 crore, according to a media report on Friday. The company highlighted that its loss for FY 2023, narrowed by 48 per cent to Rs 1,675 crore. […]
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Local Demand Soars, China’s Diwali Trade Losses Mount To Rs 1 Lakh Cr
- by BW Retail World Bureau
- November 10, 2023
As the Diwali festivities kick off, Dhanteras emerges as a pivotal day for traders nationwide, with an estimated trade volume of Rs 50 thousand crore, predicts the National President of the Confederation of All India Traders (CAIT), BC Bhartia, and Secretary General Praveen Khandelwal. In his post on X, Praveen Khandelwal called on the people […]
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Britannia Witnesses 19.55% Rise In Q2 Net Profit At Rs 586.50 Cr
- by BW Retail World Bureau
- November 2, 2023
Bakery food company Britannia Industries reported a 19.55 per cent year-on-year (YoY) increase in consolidated net profit at Rs 586.50 crore in the second quarter ending September 2023, primarily attributed to a decline in commodity prices. The company posted a net profit of Rs 490.58 crore, according to the company’s regulatory filing. While net sales […]
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Oyo Revenue Surges, Loss Narrows As Company Moves Closer To IPO
- by BW Retail World Bureau
- October 27, 2023
Hospitality leader Oyo, headed by Ritesh Agarwal, has reported a significant increase in revenue and a narrowed loss for fiscal year 2023 as it moves closer to a public listing. In FY23, Oyo, formally known as Oravel Stays, recorded consolidated revenue from operations of Rs 5,463.9 crore, compared to Rs 4,781.3 crore in FY22. The […]
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Mamaearth Records Rs 151 Cr Loss Ahead Of IPO
- by BW Retail World Bureau
- October 26, 2023
Honasa Consumer, the parent of skincare brand Mamaearth, has posted a loss of Rs 151 crore in the fiscal year 2023 (FY23), against a profit of Rs 14.4 crore last year. The Delhi-based company, Mamaearth, experienced a significant increase in operating revenue in FY23, reaching Rs 1,493 crore compared to Rs 943 crore in the […]
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Blinkit Revenue Triples To Rs 724 Cr In FY23, Net Loss Widens To Rs 1,190 Cr
- by BW Retail World Bureau
- October 21, 2023
Zomato-owned instant ecommerce grocery delivery platform Blinkit revenue has increased to a by 207 per cent i.e., a rise of Rs 724 crore but parallelly the net loss has widened to Rs 1,190 crore in FY23. This financial year represented Blinkit’s initial full year of operations following its transition to the quick commerce sector in […]
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Retail
V-Mart Retail Shares Rises 6% On Speculation of Bulk Deal
- by BW Retail World Bureau
- June 15, 2023
The shares of V-Mart Retail reported an increase of 6 per cent due to speculation of a bulk deal. The company’s share price was at Rs 2,100. According to reports, approximately 5.8 lakh shares, equivalent to around 3 per cent of the company’s equity and valued at Rs 116 crore, were traded at Rs 1,990 […]