BUSINESS
HUL Board to decide by December on mode of separation for ice cream business, says CEO Rohit Jawa
HUL’s ice cream business, though a smaller part of its portfolio, has shown notable growth. In the Q2 FY25, ice-cream business maintained its volume vis-à-vis last year.
BUSINESS
Trent's fashion, lifestyle retail arm Westside picks 'quiet luxury' in budget, 80% sales come from members
Almost 80% of sales is coming from WestStyle Club members, the initiative has proven to be a key component of Westside's customer retention strategy
BUSINESS
Consumer sector to remain under pressure in the coming quarters : Analysts
Dabur struggles with inventory corrections, Marico hit by rising input costs, QSR brands report weak growth, while V-Mart Retail outperforms.
BUSINESS
New NFRA rules face opposition from smaller CA firms
NFRA has proposed that group auditors be held responsible for complete financial statements ; CAs seek joint responsibility.
BUSINESS
US Fed rate cut to spur more Indian corporates to tap offshore bond markets
Fed chairman Jerome Powell delivered the large 50 bps rate cut, driven by the increased confidence that the US' long battle with inflation had come to an end.
BUSINESS
Declining wages, rising unemployment may impact rural demand: Gillette India CFO
Gillette expects the grooming category in India to continue growing at mid-single-digit levels — in line with the overall FMCG market — despite increased competition.
BUSINESS
Penetration of feminine care categories lag in rural India: P&G
While the feminine care sector has expanded 100 times over the past 30 years, reaching Rs 3,400 crores, rural India continues to lag in terms of product usage.
BUSINESS
Titan's bags and accessories brand IRTH plans 100 stores by FY'27, to open first store in Mumbai
The company plans to open 10 exclusive brand outlets this year. The rollout will include two stores in Mumbai, two in Pune, one in Delhi, one in Kolkata, and one in Chennai. These outlets are expected to contribute 15-20 percent to IRTH's overall sales by March 2025
BUSINESS
IKEA rolls out 365-day return policy, aims to provide customers with more flexibility
The returned goods will be reintroduced in IKEA’s inventory and sold at discounted rates through its "As Is" section, which offers slightly used, discontinued or ex-showroom items
BUSINESS
GST Council may announce amnesty scheme, rate rationalisation
The last council meet provided relief for taxpayers who received demand notices between 2017 and 2021 under Section 16 (4). It is expected to be notified after September 9.
BUSINESS
Food regulator FSSAI to launch campaign on awareness about microplastics in food
The development comes at a time when health experts are warning contamination of food microplastics is a key health risk. Even storing water in bottles, once packaged water is consumed, is a risk, say experts.
BUSINESS
Dabur eyes festive season boom with experimental marketing, rural expansion, and quick commerce
Rebound in the rural growth has also led Dabur to expand its product basket in the rural market with new packs that are affordable and “rural-specific” across categories to feed markets and push demand growth.
BUSINESS
More than 44% of Tanishq sales come from exchange jewellery: Titan Company's jewellery division CEO
Last year, sales from exchange jewellery almost touched 50% by value, and 10-15% by volume. This has an investment value even for younger customers, said Titan Company’s jewellery division CEO Ajoy Chawla.
BUSINESS
Rising preference for delivery boosts Swiggy, Zomato: Dents Domino's, KFC, Burger King store sales
This shift of consumers moving away from dine-in, is leading to sales growth being led by delivery, while dine-in sales are under pressure. BNP Paribas Exane infers that this trend is likely to continue.
BUSINESS
At least 10 lakh gig workers to find jobs at e-commerce companies this festive season
E-commerce, logistics, and last-mile delivery sectors are leading the way in hiring temporary and gig workers this festive season. These roles will help support the growth in volume and sales anticipated by e-commerce and quick commerce companies.
BUSINESS
Proxy advisory firm SES advises investors to vote against re-appointment of Godfrey Philips promoters on the board
The proxy advisory firm has cited family feud and remuneration paid to the promoter group as the key reasons for giving the recommendation. An AGM of the company is slated on September 6.
BUSINESS
Hope shareholders vote for the right cause, not because of corporate drama: Samir Modi
Ahead of the AGM on September 6, Modi, who is locked in a dispute with his mother and was ousted as the executive director recently, tells Moneycontrol that personal biases have no place in boardrooms
BUSINESS
India dominates APAC with double-digit growth across FMCG, tech, durables: NielsenIQ report
The report also highlights that premiumisation is a growth driver, and the growing importance of modern retail, with offline markets seeing increased sales during festive seasons.
BUSINESS
Senco Gold eyes growth via global expansion, premium luxury leather bag collection in FY25
Sennes was launched in 2024. The brand offers luxury lifestyle products and jewellery including leather bags and lab-grown diamonds.
BUSINESS
HUL, ITC, Dabur ride the quick commerce boom for higher margins and rapid growth
The contribution of quick commerce platforms to the online grocery market is expected to rise from 10 percent now to approximately 45 percent in the coming years.
BUSINESS
Mamaearth parent Honasa Consumer's Q2FY25 to be muted as it shifts from super stockist to D2C company
Honasa’s strategic shift towards direct distribution will cover 7 out of 8 metro cities. This shift lessens the dependence on super distributors. Furthermore, a distribution management system now captures over 90% of secondary sales.
BUSINESS
Bangladesh business less than 1% of revenue, situation improving: Jubilant Foodworks CEO
Indian companies doing business in Bangladesh have been impacted by the ongoing instability and violence in Bangladesh after Prime Minister Sheikh Hasina resigned and left the country on August 4.
BUSINESS
Titan, Kalyan Jewellers brace for Rs 550-cr, Rs 120-cr write-offs as Budget cuts import levy on gold
These losses will be incurred because of inventory held by jewellers bought at price levels higher than the post-Budget announcement prices. However as per sector experts they are expected to be recovered in the long term aided by increased demand in response to lower prices.
BUSINESS
Delhi court asks Bina Modi to nominate Samir Modi on the board of Godfrey Philips
The Delhi court added Samir Modi's reappointment needs to be done under the Companies Act. The court also asks Bina Modi not to take steps to defeat the candidature of Samir.
