Myntra, the fashion platform owned by Flipkart, announced on Tuesday that it has achieved operational profitability since October last year. According to the company, its marketplace entity has been earnings before interest, taxes, depreciation and amortisation (EBITDA) positive since the last quarter of calendar year 2023, marking the first time the firm has achieved this […]
India’s alcohol beverage industry is expected to see continued growth in the upcoming fiscal year, according to a recent report by credit rating agency Icra. The report, based on a sample set of domestic alcohol beverage companies (alcobev), projects revenue growth of 8 to 10 per cent in FY2025. Icra anticipates a particularly strong performance […]
At a summit held in Mumbai last month, Sunil Kataria, CEO of Raymond Lifestyle, discussed Raymond’s strategic initiatives aimed at enhancing its appeal among younger demographics and bolstering its ready-to-wear category. Kataria emphasized Raymond’s strategic pivot towards casualization within the menswear segment, aiming to offer a diverse range of options to align with evolving consumer […]
Bata India on Thursday reported a 30.3 per cent decline in its consolidated net profit at Rs 57.9 crore for the December quarter of FY24 compared to Rs 83.1 crore a year back. The company’s revenue stood at Rs 903.4 crore, increasing 0.35 per cent from Rs 900.2 crore in the year-ago quarter, Bata India said […]
Hindustan Unilever (HUL) has revealed its financial performance for the third quarter of the fiscal year 2023-24, reporting a profit of Rs 2,509 crore. This reflects a modest increase of 1.4 per cent compared to the corresponding quarter in the previous year, where the profit amounted to Rs 2,474 crore. Despite a marginal drop of […]
Shoppers Stop on Thursday reported a fall of 41.2 per cent in consolidated net profit at Rs 36.85 crore in the third quarter (Q3) of the current fiscal year 2023-24 as against the net profit of Rs 62.74 crore in the previous fiscal’s same quarter, according to a BSE filing. However, the company’s total sales […]
Amidst global turmoil, frozen dessert players aim for sweet growth and innovation in 2024 In the middle of economic uncertainties due to geopolitical crisis across the globe, players from the frozen dessert companies are gearing up to face 2024 with the hope of growing their businesses to contribute more to India’s growth story. Even though […]
ITC, a conglomerate spanning hotels to consumer goods on Tuesday disclosed that its packaged consumer goods division experienced a robust 14 per cent Compound Annual Growth Rate (CAGR) in revenues over the last three years, concurrently introducing 300 new products. In the fiscal year 2022-23, this segment, encompassing brands like Aashirvaad, Sunfeast, Fiama and Engage, […]
PVR Inox, the multiplex chain, has forged a strategic partnership with Devyani International, the franchisee of Costa Coffee, to offer premium coffee at selected upscale properties. In a regulatory filing, PVR Inox stated, “PVR INOX Ltd has entered into an arrangement with Devyani International Ltd on October 4, 2023, for introducing Costa Coffee’s handcrafted hot […]
