Retail arm of Reliance Industries valued at pre-money equity value of Rs 8.28 trn
The company also expects regulatory approvals in the next two months
Colgate Palmolive India is also looking at acquisitions in the personal care segment and is looking at not only direct-to-consumer companies but also legacy companies to acquire
Second half of the year will be closely watched, say brokerages
Lifestyle recorded positive same-store sales growth during the Independence Day weekend, which the retailer did not anticipate, given a lacklustre EOSS
Expands to West India after opening 10 stores in North
Customers explored offers on millions of products and shop from a wide selection
Apart from making the B2B app user-friendly for retailers, the FMCG major is looking to expand Samadhan, which cuts delivery time to just a day
Month-on-month sales growth numbers for July were lower mainly on account of a significant drop in beverage sales
The company continues to expand its rural distribution and now has 28,000 rural distributors onboard
In the previous financial year, it forayed into the FMCG and beauty businesses
The cost of open cells has seen an average increase of between 3 and 20%, and is higher for larger screen TVs in July, according to manufacturers of televisions
The maker of Good Day and Marie Gold biscuits saw its PBIDT at Rs 745.8 crore. It was down 13.4 per cent on a quarter-on-quarter basis
According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion
The company remaining cautiously optimistic on rural demand
It is observed that joint families don't necessarily prefer large packs for consumption, and the nuclearisation of families is also leading to the premiumisation trend in FMCG
During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals
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