Page 25 - Sharleen Dsouza

Shopping frenzy: Black Friday set to brighten up sales over the weekend

Brands expect double-digit growth in sales, go all out to woo shoppers

RBI tightening on unsecured loans: White goods firms fear margin squeeze

While the consumer won't bear the brunt of the RBI's move, companies still await clarity but expect their margins to take some hit

Festival season fail to light up apparel sales, consumer durables shine

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has pegged the growth this festive season at 20 per cent

FMCG supply chain gridlock: Demand declines and inventory adds up

A distributor said that companies have consistently been stocking up at distributors, and in some instances, distributors have resorted to pushing excess stock to retailers

Consumer durables sales see a pick-up on lucrative festival finance schemes

Premiumisation gets a push due to longer term EMIs and lower upfront payments

Future Retail's resolution professional files for liquidation before NCLT

The Corporate Insolvency Resolution Process (CIRP) was initiated against Future Retail by its lender Bank of India (BOI) following loan defaults

FMCG sales pick up on festival boost in October, shows Bizom data

Excluding branded commodities, sales up 7% in Oct: Bizom data

India among top 10 markets for us, not in top 5 yet, says Sennheiser

"Given the strategic targets of India's growth, gross domestic product, and other numbers, I think this is a very safe bet to be investing in India now on the ground with our company"

Ikea India expects double-digit growth, to sell festive dedicated items

The Swedish furniture major is also changing its food menu to offer more local products, depending on where the store is located

FMCG industry logs 8.6% volume growth in Q2 on rural revival: NIQ

Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum

Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore

The acquisition will be concluded through Ring Plus Aqua, a subsidiary of JK Files and Engineering

Reliance Beauty buys Sephora India rights from Arvind Fashions for Rs 99 cr

The buyout gives Reliance Retail Ventures exclusive rights to build and enhance Sephora's presence in India across channels

Britannia sees a clear slowdown in rural markets, says Varun Berry

He also said that the company is rapidly evolving in digital marketing and is leveraging digital in e-commerce

Reckitt Benckiser India, distributors at loggerheads over incentives

Distributors not happy with damage claims policy

Save the date: India's largest luxe mall opens its doors on November 1

The mall will showcase a host of prestigious luxury brands, including Bvlgari, Cartier, Louis Vuitton, Versace, Valentino, Manish Malhotra, Abu Jani Sandeep Khosla, and Pottery Barn, among others

Reliance Retail Q2 results: Net profit rises 21% to Rs 2,790 crore

During the quarter, Reliance Retail raised Rs 15,314 crore from KKR, Qatar Investment Authority and Abu Dhabi Investment Authority

Brokerages expect revenues to remain under pressure for Asian Paints

Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."

See huge opportunity to expand in Tier-II, says Marks & Spencer India

Ritesh Mishra, managing director at M&S India, said, "Tier-II cities are of paramount importance to us, as there is still room for growth in Tier-I markets"

Unilever expects price adjustments in India, says CFO Graeme Pitkethly

The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued

Asian Paints Q2FY24 results: Net profit rises 54% to Rs 1,205 crore

On a quarter-on-quarter (Q-o-Q) basis, the company's net sales decreased by 7.7 per cent, while net profit declined by 22.2 per cent