KM Birla said that Aditya Birla Group's consumer businesses witnessed a “very good Diwali,” particularly in paints and jewellery, amid the government’s GST cuts and improved demand during the festive period.
It clocked total revenue of Rs 28,000 crore in FY19 of which Rs 18,000 crore came from the consumer business
Kwality is working towards shifting focus from institutional to consumer business, says President and Head of Transformation Nawal Sharma in an interview to CNBC-TV18.
Shenzhen-based Huawei, which competes with Samsung Electronics Co and Apple Inc, reported a 41 percent increase in its consumer business group revenue to 77.4 billion yuan (USD 11.6 billion) thanks to strong sales of high-end smartphones, the company said in a statement.
Kunal Sheth, analyst, Prabhudas Lilladher says the initial deal value seems to be on the lower side. However, he adds that the company can be re-rated once the consumer business gets demerged.