BUSINESS
Kalyan Jewellers sees sustained recovery in Jul-Aug as it narrows pandemic-led losses in Q1
Kalyan Jewellers on Tuesday reported a 94 percent jump in revenue for Q1FY22. Its losses narrowed down to Rs 51 crore, compared to Rs 86 crore in the corresponding quarter last year.
BUSINESS
Godrej Consumer hikes prices by 4-5% in Q1 to mitigate inflation impact
The company is following a calibrated approach in passing on higher costs to consumers keeping the demand scenario in mind, said Sameer Shah, Head - Finance and Investor Relations, GCPL.
BUSINESS
The worst of inflation is behind us: Ankush Jain, CFO, Dabur India
Jain says another round of price hike likely. Dabur mitigated the inflationary impact partially due to the price rise and partially due to the cost-saving measures during Q1, he says. Dabur is also planning to launch an e-commerce platform, Jain tells Moneycontrol on an interview.
BUSINESS
Rise in at-home consumption helps non-alcoholic beverages market clock recovery
The non-alcoholic beverages market, which includes soft drinks, fruit juices and milk-based beverages, had witnessed a drastic decline in demand last year as the Covid-19 pandemic swept the country
BUSINESS
Devyani International IPO: All about the Pizza Hut, KFC franchisee
Devyani International is the biggest franchisee of Yum! Brands in India. While KFC is its star performer, Pizza Hut faces stiff competition and Costa Coffee may be the weak link in its portfolio.
BUSINESS
Keeping doors half-open will sound death knell of industry, say Mumbai restaurateurs
Mumbai’s civic body on Monday relaxed lockdown rules, but allowed restaurants to operate only at 50 percent capacity, till 4 PM
BUSINESS
Dabur Q1 Results: Firm reports 28% YoY jump in PAT at Rs 437 crore, revenue surges 32%
Dabur’s bottomline and topline remained unimpacted by the second wave of the COVID-19 pandemic, as the company reported a surge in business annually as well as sequentially.
BUSINESS
Marico eyes Rs 450-500 crore from online-first personal care products by FY24
Marico is building a portfolio for its online sales channel with the recently acquired Just Herbs and Beardo products in addition to its Livon serum and Set Wet range.
BUSINESS
Marico PAT declines 6% in Q1 to Rs 365 crore, revenue from operations jumps 31%
Marico’s domestic business delivered a turnover of Rs 1,992 crore, up 35 percent on a YoY basis, while its international business registered a turnover of Rs 533 crore, up 20 percent YoY basis with constant currency growth of 21 percent, the company informed.
BUSINESS
No competition for KFC in India, says chairman of IPO-bound franchisee Devyani International
The company is scheduled to launch its initial public offering on August 4 in India and has fixed a price band of Rs 86-90. It plans to raise Rs 1,838 crore through the IPO.
BUSINESS
COVID-19 impact | Immunity boosters are here for the long haul: Kantar Report
According to a report released by Kantar, the growth in immunity-boosting products outpaced traditional items positioned in the health segment.
BUSINESS
Pizza Hut plans aggressive expansion in India
The QSR launched its 500th store in India today and is eyeing a larger presence in the tier II and III towns of the country.
BUSINESS
More than two lakh jobs impacted in Maharashtra due to mall closure: Retailers Association of India
Every passing day of closure is not only hurting businesses but also livelihoods of people working there, says RAI.
BUSINESS
Why syrups and spreads caught Dabur’s fancy
FMCG company Dabur introduced chocolate- and strawberry-flavoured honey syrups as demand picks up for a wider variety of dips, sauces and spreads.
BUSINESS
Retailers start expansion as COVID-19 second wave ebbs; focus on high-street locations, smaller towns
Rentals at premium real estate locations are falling as businesses shut down, helping retailers to close attractive deals. High-street locations are gaining preference over malls as retailers open new outlets.
BUSINESS
ITC’s cigarette business clocks recovery, albeit on a low base
ITC posted a 37 percent jump in net revenue for the first quarter of 2022, largely led by a growth in cigarette sales. FMCG and paper segments, aided the rise in profit. The COVID-19 second wave had limited impact on the segments, compared to the first wave, the company said.
BUSINESS
Why South is Unlimited for V-Mart now on
Value fashion retailer V-Mart Retail on Thursday announced the acquisition of retail brand Unlimited from Arvind Lifestyle Brands. The acquisition gives V-Mart access to southern India. With the deal, V-Mart Retail is also set to become a pan-India player in the retail segment, with revenues of over Rs 2,000 crore.
BUSINESS
Rural growth engine continues to be resilient: HUL
Addressing a media briefing after reporting its earnings for the first quarter, HUL’s management said that with improving mobility, the demand for FMCG products, especially, discretionary categories will go up.
BUSINESS
Jubilant FoodWorks gears up to transform into ‘food-tech powerhouse’
Jubilant FoodWorks, which runs Domino’s Pizza and Dunkin’ Donuts, is expanding its customer experience, analytics and product innovation teams, while also opening stores focused on deliveries.
BUSINESS
Simsim acquisition: Is YouTube trying to pull off a Douyin in India?
Google, in a blog post on Tuesday, announced that YouTube will acquire the video commerce platform Simsim in India. Analysts indicate YouTube might look at creating synergies between YouTube Shorts and Simsim in future.
BUSINESS
Restrictions, weekend closures continue to ail retailing business
Several states still have restrictions such as limited operating windows or weekend closures in place, which has impacted retailers, whose sales in June were half the levels two years ago
BUSINESS
Decoded: Marico’s direct-to-consumer strategy
After acquiring Beardo this year, Marico recently invested in ayurvedic beauty brand Just Herbs for the majority stake. Here’s why the FMCG major has taken an interest in new-age brands.
BUSINESS
How common man is ‘paying the price’ for inflation
Be it atta, oil, eggs, milk or personal care products, companies are passing on the rising input and transportation costs to the consumers. Here’s a look at the food and FMCG products whose prices have risen substantially in the last one year.
BUSINESS
Bisleri eyes hygiene segment, launches hand purifiers
The packaged water company is amongst a slew of firms, which have entered the hygiene segment since the onset of the pandemic.
