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Sharleen D'Souza has been covering the consumer segment for almost a decade. At Business Standard, she works on consumer trends and FMCG corporates. Off the clock, she's an OTT addict, avid reader, and finds peace in yoga and meditation.
Sharleen D'Souza has been covering the consumer segment for almost a decade. At Business Standard, she works on consumer trends and FMCG corporates. Off the clock, she's an OTT addict, avid reader, and finds peace in yoga and meditation.
It also gained value share in total NARTD (non-alcoholic ready-to-drink) beverages led by share gains in South Korea, India, Australia and Thailand
On a quarter-on-quarter (QoQ) basis, the company's net sales rose by 4.6 per cent, and net profit increased by 25.6 per cent
In the Q1FY24 results announced last week, HUL reported a volume growth of 3 per cent
Firm's finance cost up 130% due to business expansion
Rural demand for FMCG sector moves into positive territory
In FY23, Ignatius Navil Noronha, CEO & MD of Avenue Supermarts salary stood at Rs 4.55 crore, the same as the previous year
It will also buy 35 per cent stake in Furlenco
Results of consumer durables to be a dampener despite some green shoots, say brokerages
Unseasonal rain, high number of heatwave days upend business cycle of several sectors
The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players
Volumes declined in foods and it reporte low-single digit growth in beverages
The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali
Some companies are yet to see pick-up in rural demand
Another problem for restaurants is the availability, owing to the crop being damaged
Overall sales declined 4.6%; unseasonal rains play spoilsport
Marico says rural demand remained elusive in April-June
Godrej Appliances had earlier said it had cut production in June due to an inventory pile-up due to weak demand
Adani Wilmar's non-exec chairman says firm investing in food processing capacity and expanding product portfolio to meet growing demand
He said there were five factors that would help India in its growth journey
The company will set up a separate supply chain for its carbonated drinks business, Campa Cola, as it will require cold storage as well