Analysts anticipate a sluggish revenue growth in the third quarter of FY24 for the fast-moving consumer goods (FMCG) sector due to subdued volumes, despite the favorable impact of lower raw material prices on gross margins. The persisting demand challenges have led to restrained volume growth across FMCG products. Rural volumes lag behind urban figures, impacted […]
Food delivery platform Zomato has taken a significant step in streamlining its international operations by initiating the liquidation process for its businesses in Vietnam and Poland. The announcement, made through a regulatory filing on the Bombay Stock Exchange (BSE) on Thursday, confirmed the dissolution of Zomato Vietnam Company Limited (ZVCL) and Gastronauci, its Vietnamese and […]
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
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, […]
Fireside Ventures, a capital fund and the initial investor in Mamaearth during the seed round, executed a block deal on Tuesday, 5 December, selling 61 lakh shares of Honasa Consumer, the parent company of Mamaearth, which recently debuted on the stock exchange. As a result of this deal, the stock prices fell to Rs 367.15, […]
Prosus, the largest shareholder in Swiggy, revealed a 35 per cent reduction in its share of the Indian food-delivery giant’s losses, amounting to USD 208 million for the half-year period ending on 30 September. Prosus, based in Amsterdam and affiliated with the South African conglomerate Naspers, holds a 32.7 per cent stake in Swiggy. Considering […]
Amazon Seller Services, the marketplace arm of Amazon India, has reported a 33 per cent surge in its net loss for the fiscal year ending March 2023, reaching Rs 4,854 crore compared to Rs 3,649 crore in the previous fiscal period. According to regulatory filings, the company witnessed an almost 8 per cent increase in […]
Honasa Consumer Care, the parent company of popular personal care brand Mamaearth, has issued a statement refuting recent reports of a block deal involving Employee Stock Ownership Plans (ESOPs). The denial comes in response to a media report on 27 November, which had suggested that employees of Honasa were poised to sell shares worth Rs […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
