profit margin
Price Hikes Hit Mondelez: Sales Up, Volumes Down As Consumers Cut Back
Brands Companies Finance News

Price Hikes Hit Mondelez: Sales Up, Volumes Down As Consumers Cut Back

Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]

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Asian Paints Net Profit Jumps To Rs 1,475.16 Cr, Revenue Up 5% YoY
Brands Companies Finance News

Asian Paints Net Profit Jumps To Rs 1,475.16 Cr, Revenue Up 5% YoY

Asian Paints on January 17 reported a 34.5 per cent year-on-year rise (YoY) in its consolidated net profit at Rs 1,475.16 crore for the third quarter of the financial year 2023-24 compared to Rs 1,097.06 crore in the year-ago period.  The paint maker recorded a 5.4 per YoY increase in consolidated revenue to Rs 9,104 crore in […]

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Fashion & Lifestyle News Retail

Fashion Retail Profit Margins To Contract By 120 Bps in FY24, ICRA Says

The profit margins of fashion retailers are likely to contract by around 120 bps in FY2024 due to higher discounts and ad spends, despite an estimated 13 per cent revenue growth, the rating agency Icra has said. According to Icra’s recent industry analysis, the operating profit margins of 11 listed retail entities in its sample set, […]

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