Tata-owned Air India incurred losses amounting to around Rs 7,000 crore in FY23 due to impairments related to faulty aircraft and engines, as well as the low-cost airline AirAsia India. However, executives noted that the losses have decreased, and the carrier achieved positive EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) […]
Avenue Supermarts, which runs the retail chain DMart on Saturday reported a 2 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 6,58.71 crore for the first quarter of the financial year 2023-24. Its standalone net profit rose 2.2 per cent at Rs.695 crore for Q1FY24, compared to Rs. 680 crore in […]
The rating agency Icra expects demand for the industry to improve by close to ten per cent in volume terms in FY2024 on a yearly basis, primarily gaining through a shift in preference away from Chinese cotton and the expectations of demand improving for the spring, summer season in USA and EU regions. However, an […]
The Laundry Industry is expected to reach USD 70 billion at a compound annual growth rate (CAGR) of 6-7 per cent year-on-year (YoY) basis and yet the industry is highly unorganised and it is dominated by the local dhobis because people don’t have options, however, this scenario is changing, Anurabh Sinha, CEO of UClean in […]
Apple is ramping up its efforts in India’s retail market to boost its revenue this year. The company aims to increase sales from the 200 or so franchisee-owned exclusive retail stores in India. To achieve this, Apple has introduced a global consumer promotion and student discount at its company-owned brick-and-mortar and online stores in India. […]
Hammer, an athleisure tech brand that appeared on the first season of Shark Tank, has seen extraordinary growth and success post getting a deal on the show. In an exclusive conversation with BW Retail World, the company’s founder & chief operating officer (COO), Rohit Nandwani revealed that at the time of the brand’s episode airing, […]
The house construction industry in India is going through an upcoming boom, pushed by factors such as population growth, increasing demand for housing and the government’s pro-growth outlook. Maiden Forgings, a steel forging company, is capitalising on this growth and is involved in the production and supply of collated nails and stainless steel nails. In […]
What we do and how we handle payments has evolved tremendously in modern-day fast-paced digital world. For the sake of keeping up with these modern times, conventional methods of payment have undergone evolution. The heydays of scrambling for cash as well as swiping cards have been outdated. The means of payment have evolved profoundly within […]
ITC‘s revenue from its fast-moving consumer goods (FMCG) business witnessed a substantial growth of 20 per cent in the fiscal year 2022-23 (FY23), according to a recent media reports. The revenue reached Rs 29,000 crore compared to Rs 24,000 crore in FY22. Notably, this impressive growth does not include revenue from its tobacco business, and […]
Nykaa announced its financial results for the quarter and full year ended March 31, 2023 on May 30 2023. Over the last two years, Nykaa has continued to prioritize growth, profitability and creating long-term sustainable value for shareholders, customers and the larger ecosystem. India’s BPC market today stands at USD 21 billion, having grown from […]
