Aditya Birla Lifestyle Brands Plans To Double Revenues In 5 Yrs: Reports
The company is eyeing to double its scale and triple its cash profits over the next five years, the reports note
Brands
Companies
Consumer
Fashion & Lifestyle
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consumer
Economy
Brewer AB InBev’s Profits Jump Despite Slowdown In Chinese Market: Report
- by BW Retail World Bureau
- February 26, 2025
The report states that the profits have been boosted by cost management and an increase in sales of premium brands
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Consumer
E-commerce & Marketplaces
Economy
Shadowfax Sees 33% YoY Revenue Growth In FY24
- by BW Retail World Bureau
- December 3, 2024
The company’s adjusted profits after tax (Pat) moved from a loss of Rs 123.8 crore in the financial year 2022-23 to a profit of Rs two crore in FY24
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Consumer
consumer
FMCG
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Food & Beverage.
Food/Entertainment
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LT Foods Posts 14% Q4 Profit Increase
- by BW Retail World Bureau
- May 22, 2024
Basmati rice brands ‘Daawat’ and ‘Royal’ lead growth amid challenging market conditions LT Foods, a global FMCG company with Indian origins and over 70 years in the consumer food sector, reported a 14 per cent increase in consolidated net profit, reaching Rs 150.24 crore for the fourth quarter of fiscal 2023-24, buoyed by strong sales. […]
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Hershey, Cadbury Brace For More Price Hikes As Cocoa Costs Rise
- by BW Retail World Bureau
- February 16, 2024
The producers of chocolate brands, Hershey and Cadbury, are contemplating further price adjustments to counteract an unprecedented surge in cocoa prices. Despite facing challenges such as reduced consumer purchases and potential impacts on profits due to inflation, these chocolate makers have consistently passed on the escalating costs to their customers. Over the past year, cocoa […]
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International
News
Alibaba May Sale Consumer Assets Including Freshippo, RT-Mart
- by BW Retail World Bureau
- February 5, 2024
Alibaba Group is reportedly exploring the sale of various consumer sector assets, including its grocery business Freshippo and retailer RT-Mart, as part of a strategy shift towards its core ecommerce business, Reuters reported. The move aligns with the company’s focus on divesting non-core, unprofitable units, it said. Talks with potential investors, both strategic and financial, […]
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People
H&M CEO Unexpectedly Resigns, Shares Slide On Sales Woes
- by BW Retail World Bureau
- February 1, 2024
H&M’s CEO resigned unexpectedly on Wednesday and business veteran Daniel Erver took over with immediate effect, as the Swedish apparel brand battles to increase sales and profitability. Shares in the Swedish fashion store fell 8 per cent after outgoing CEO Helena Helmersson announced her decision to quit the firm after four years in charge, describing the post […]
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Food & Beverage.
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Zomato Increases Platform Fee To Rs 4 After New Year’s Eve Order Boom
- by BW Retail World Bureau
- January 3, 2024
Following record food orders on New Year’s Eve, food delivery company Zomato raised its necessary platform fee to Rs 4 per order from Rs 3 in major cities. The new rates went into effect on 1 January. Zomato temporarily increased its platform fee to as much as Rs 9 per order in select markets on […]
Companies
FMCG
News
India’s FMCG Sector Expects Double-Digit Growth In 2024
- by BW Retail World Bureau
- December 25, 2023
India’s FMCG sector is expecting double-digit volume-led growth on diverse catalysts in the year 2024 after struggling with challenges in the year 2023, the news agency PTI reported. Weaker festive demand, rainfall deficit, unseasonal rains and high commodity prices made the year difficult. Marico MD and CEO Saugata Gupta expects the demand situation to improve […]
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Manufacturing
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States
Hindustan Coca-Cola Beverages Pledges Rs 3,000 Cr Investment In Gujarat
- by BW Retail World Bureau
- December 14, 2023
Hindustan Coca-Cola Beverages (HCCB), the largest bottling partner of Coca-Cola India, has formalised a Memorandum of Understanding (MoU) with the Gujarat government, affirming a substantial investment of Rs 3,000 crore in the state. The announcement precedes the Vibrant Gujarat Global Summit 2024 scheduled for 10-12 January 2024. The major investment is earmarked for the establishment […]