Return Of Raw Material Inflation A Concern For FMCG Cos: Report
However, the report stated that in some of the categories, the effects of price cuts taken earlier are now behind
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Cement Price Hike Pinches, Affordable Housing & Projects Face Cost Hurdles
- by BW Retail World Bureau
- April 10, 2024
Post the hike in cement prices across India, builders have opined that the trend will weaken the already slow demand for affordable houses as well as impact retail consumers, large-scale construction projects and infrastructure projects. Last week, cement majors in India announced a hike in prices in the range of Rs 10-15 per bag in […]
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Pepsi India Bottler Varun Beverages Reports 77% Surge In Q4 Profit
- by BW Retail World Bureau
- February 6, 2024
Pepsi India bottler Varun Beverages on Monday reported a nearly 77 per cent increase in its quarterly profit, as it saw double-digit volume growth across domestic and international markets even as higher costs of essentials weighed on consumers. Consolidated net profit increased to 1.32 billion rupees (USD 15.9 million) in the fourth quarter ended 31 […]
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Goodyear India’s Profit Slips As Farm Demand Tanks
- by BW Retail World Bureau
- February 3, 2024
Tyremaker Goodyear India reported its first quarterly profit drop in five quarters on Friday, hurt by subdued demand in its farm segment. The Indian unit of US-based Goodyear Tyre said its standalone profit fell 10.5 per cent to Rs 21.86 crore in the third quarter. Revenue from operations fell 14.2 per cent to Rs 591 […]
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Tata Motors Net Profit Surges 2.4X YoY, Exceeds Analyst Estimates
- by BW Retail World Bureau
- February 3, 2024
Tata Motors has reported a consolidated net profit that surged 2.4 times year-on-year (YoY) in its Q3 FY24 results, reaching Rs 7,025 crore. This figure exceeded the Rs 4,654 crore estimated by analysts. The company’s consolidated revenue from operations also saw 25 per cent YoY increase, totaling Rs 1.11 lakh crore. Sequentially, the bottom line […]
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Asian Paints Net Profit Jumps To Rs 1,475.16 Cr, Revenue Up 5% YoY
- by BW Retail World Bureau
- January 17, 2024
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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French Supermarkets To Push For Price Cuts From Food Manufacturers
- by BW Retail World Bureau
- September 21, 2023
In upcoming annual negotiations, French supermarket retail groups may push for price reductions ranging from 2 per cent to 5 per cent from food manufacturers, as revealed by Thierry Cotillard, President of Les Mousquetaires, during discussions with lawmakers. French retailers, including Les Mousquetaires, have raised concerns about what they perceive as unjustified price increases by […]
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Exide Industries’ Q1 Profit Beats Estimates, But Margins Declines
- by BW Retail World Bureau
- July 29, 2023
Indian lead-acid battery maker Exide Industries reported a smaller-than-expected rise in first-quarterly profit on Friday, hurt by high raw material costs and rising expenses. The Kolkata-based company said its net profit after tax for the quarter ended 30 June stood at Rs 242 crore, compared with Rs 226 crore. Analysts on average expected a profit […]