Page 19 - Sharleen Dsouza

Govt proposes to reduce BCD on some items used in manufacturing apparel

Suresh Nair, partner at EY India, said that this will make exporters more competitive. "This is a positive move for exporters and it will definitely give exporters competitive edge in mkt," Nair said

Budget 2024: Consumer goods firms may see an upswing after year of lull

Announcements may put more money in hands of taxpayers boosting consumer demand

HUL Q1 results: Net profit rises 2.2% to Rs 2,610 crore, revenue up 1.4%

According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,586.9 crore and net profit at Rs 2,601 crore for Q1 FY25

Economic Survey 2023-24: Consumer durables inflation eased in FY24

In FY22 and FY23, clothing was a major driver of inflation

Metro cash and carry acquisition: Reliance Retail boosts B2B store count

The company added 30 new stores during the April-June quarter, it said in its investor presentation after announcing its results on Friday

Reliance Retail profit flat in Q1, Ebitda grows on store expansion

Company adds 331 new stores and records footfall at 296 million across formats, up 18.9%

Kishore Biyani's nephew Vivek Biyani launches retail chain for D2C company

Broadway to house over 100 Indian D2C brands offline in a content-to-commerce model

Asian Paints Q1 results: Net profit falls 24.5% on weak demand, price cuts

During the quarter, the company's net sales stood at Rs 8,970 crore and were down 2.3 per cent due to weak demand conditions, which the company attributed to general elections and severe heat waves

Soaring temperatures help consumer durable firms rake in moolah in Q1

JM Financial said in its report that companies witnessed the highest growth ever in room air conditioners (RAC) on the back of a strong season, and improvement in demand for refrigerators

Subhash Dandekar: The man who brought colour to the Indian masses

He took over Camlin from his father, Digambar Dandekar, who started the company in 1931 as an ink manufacturer and then also began selling office stationery

HUL to sell Pureit to A. O. Smith for an enterprise value of $72 million

The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release

Budget 2024: FMCG sector seeks more spending in rural areas to push demand

Ahead of the Union Budget, the consumer sector is calling on the govt to enhance both rural and urban infra, create a more business-friendly environment, and prioritise measures to boost demand

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Adani Wilmar to buy 67% stake in Omkar Chemicals, aims to expand footprint

AWL expects to close the deal in three to four months and it doesn't need government or regulatory approvals, it said in its filing

Results preview: FMCG firms likely to hitch a ride on rural uptick in Q1

Volume growth expected to witness a sequential recovery

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

Global firms are reducing sugar and salt in their packaged items in India

Experts say the standards for food and beverages vary across the world and India should have its own

Asset monetisation helped Reliance Industries create value: Morgan Stanley

Morgan Stanley said it has valued RIL's 66.43 per cent stake in digital investments at an implied EV/EBITDA multiple

Local beverages gain traction as consumer look to quench their thirst

Many regional brands were able to increase their penetration in existing markets and increase their market share

Titan launches first retail outlet for premium sunglasses in Bengaluru

The company estimates the Indian Premium Sunglasses market is Rs 800 crore with a projected CAGR of 10%