The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
Aditya Birla Fashion and Retail (ABFRL), on Wednesday, reported a rise of 16 per cent in consolidated revenue from operations in the third quarter ended December 2023 despite muted demand, it said in a regulatory filing. In Q3 FY24, the company recorded consolidated revenue from operations at Rs 4,167 crore compared to Rs 3,589 crore […]
Colgate-Palmolive India on Monday, reported a 35.7 per cent rise in net profit after tax (PAT) at Rs 330.11 crore for the quarter that ended 31 December 2023 as against net PAT of Rs 243.24 crore for the same quarter in the previous fiscal, company said in a regulatory filing. The company’s net sales rose […]
To address challenges and enhance the country’s export performance, the Centre, state governments, and industry representatives are set to convene on 16 January for a crucial meeting chaired by Commerce and Industry Minister Piyush Goyal. The meeting, organised by the Board of Trade (BoT), will focus on pressing issues, including challenges related to rupee payments, […]
Coffee chain Third Wave Coffee Roasters has reportedly laid off approximately 120 employees as part of a restructuring initiative, following its recent fundraise. According to media reports, mid- and senior-level personnel across various departments, including business development, design, sales, marketing, supply chain management, and strategy teams, have been affected. The restructuring involves retaining only two […]
Parag Milk Foods, a manufacturer and marketer of dairy-FMCG products in India appointed Rahul Kumar Srivastava as the Chief Operating Officer (COO) of the company. He served as the Managing Director of Lactalis India, a division of the dairy conglomerate, for over a decade. Additionally, he held the position of Managing Director at Amul for […]
The boom in the subscriptions economy is causing ‘subscription fatigue’ in India, according to a new survey. Nine in ten (89 per cent) Indian subscribers believe there are now “too many” subscription services available. As a result, 92 per cent now demand a unified platform to administer all of their subscriptions. Despite many feeling overwhelmed, […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
Hyperlocal delivery refers to a business model in which retailers collaborate with nearby delivery service providers to offer fast delivery options to customers within their vicinity, often on the same day or within an hour and has been revolutionizing the retail industry. In 2021, the global hyperlocal services market was valued at USD 1.5 trillion, […]
