TVS Motor Company’s operating revenue grew by 13 per cent at Rs 8,145 crore for the quarter ended September 2023 as against Rs 7,219 crore reported in the quarter ended September 2022. The Company’s Operating EBITDA grew by 22 per cent at Rs 900 crore for the second quarter of 2023-24 as against EBITDA of […]
Reliance Retail on Friday reported an 18.8 per cent year-on-year (YoY) rise in its gross revenue to Rs 77,148 crore for the quarter that ended 30 September 2023 compared to the last year at Rs 64,920 crore. The company reported a surge in revenues driven by robust growth across various consumption categories, with strong performances […]
IndiaMART reported consolidated revenue from operations of Rs 295 crore in Q2 FY24, a growth of 22 per cent YoY. Consolidated profit before tax was at Rs 93 crore and consolidated net profit for this quarter was Rs 69 crore representing a margin of 28 per cent and 21 per cent respectively. Standalone revenue from […]
The three fast-moving consumer goods (FMCG) companies Hindustan Unilever (HUL), Nestle and ITC are (19 October 2023) announcing their July-September quarter results today, with analysts expecting mild revenue growth from HUL, robust low-teen-digit revenue growth from Nestle and ITC’s expects to report volume growth in the mid-single-digit range for its cigarette business HUL HUL is […]
Avenue Supermarts, the owner and operator of the retail chain DMart, reported an 18.51% increase in standalone revenue from operations, reaching Rs 12,307.72 crore in the second quarter of the current fiscal year. This compares to the revenue from operations of Rs 10,384.66 crore in the same period the previous year, as stated in a […]
Dalvir Suri, Co-founder of Dunzo, the on-demand delivery startup, has stepped down amid financial challenges and a comprehensive company-wide reorganisation, as confirmed by CEO Kabeer Biswas. Biswas, also a co-founder, acknowledged Suri’s pivotal role in establishing various business lines at Dunzo and mentioned Suri’s intention to take a break after dedicating over six years to […]
In today’s landscape, there’s a perception that ecommerce is on the rise, but the facts tell a different story. Bricks and mortars still remain a very important part of the electronics market, said Sanjeev Mehtani, Chief Sales Officer, Acer India in an exclusive conversation with BW Retail World. “Reports indicate that 54 per cent of […]
McDonald’s (MCD.N) is increasing royalty fees for new franchise restaurants in the U.S. and Canada, marking the first such adjustment in nearly thirty years. This adjustment will align the fees with what McDonald’s charges in other global markets. Effective from 1 January, the fees will be raised from 4 per cent to 5 per cent. […]
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, […]
The rating agency Icra in a report has said that apparel exports are expected to improve from H2 FY2024, on the back of expected demand recovery in the United States (US) and European Union (EU) regions. The rating agency expects its sample companies to report a mild two to three per cent year-on-year (YoY) revenue […]
