L’Oreal’s fourth-quarter sales increased 6.9 per cent, slower than the previous quarter, as its travel retail division continued to suffer from changes in daigou reseller laws. The Paris-based firm, which owns brands ranging from Lancome to Maybelline, reported sales of 10.6 billion euros (USD 11.4 billion), slightly lower than average predictions of 10.9 billion euros […]
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 […]
The operator of QSR Chain Burger King in India, Restaurant Brands Asia, on Monday, the company posted a reduced third-quarter loss, helped by robust holiday sales. The company’s consolidated net loss narrowed to Rs 36.18 crore (USD 4.4 million) in the three months ended 31 December from Rs 50.42 crore a year earlier. Nonetheless, it […]
Shoppers Stop on Thursday reported a fall of 41.2 per cent in consolidated net profit at Rs 36.85 crore in the third quarter (Q3) of the current fiscal year 2023-24 as against the net profit of Rs 62.74 crore in the previous fiscal’s same quarter, according to a BSE filing. However, the company’s total sales […]
FADA reveals the vehicle retail data for December 2023 and the anticipated automotive sector performance in 2024, segment-wise. In the 2W category, key drivers included an abundance of marriage dates and the distribution of harvest payments to farmers, which enhanced purchasing power. Additionally, the availability of a wide range of models and variants, coupled with […]
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
The beauty brands have high expectations for this year’s wedding season in India, as it leads to more cosmetics sales. The brands have experienced a substantial surge in sales and heightened demand within the beauty segment. However, the sector faces challenges amid the peak times. “While the wedding season has brought us amazing sales, we […]
The wedding season in India is not just a celebration of love and union; it is a spectacle of traditions, grandeur, and exquisite fashion. As the cultural tapestry unfolds, one aspect that takes centre stage is fashion jewellery. In recent times, the Indian fashion jewellery market has witnessed a significant surge, becoming an integral part […]
The Society of Indian Automobile Manufacturers (SIAM) reported a surge in the Indian automotive industry’s performance in October 2023. The monthly data reveals figures across the various segments. Passenger vehicles sold 3,89,714 units, representing a 15.9 per cent increase over 3,36,330 units sold in October previous year. Three Wheeler segment witnessed a 42.1 per cent […]
Chinese electronics companies OnePlus and Realme have announced their decision to halt the production and sale of televisions in India, according to a report by a leading media house published on Monday. Citing undisclosed sources, the report states that both OnePlus and Realme will continue to operate in the smartphone market within the country. This […]
