Amway
Amway India loss widens to Rs 52.78 cr in FY24, sales flat at Rs 1,283.7 cr
Direct seller Amway India Enterprises has reported widening of net loss to Rs 52.78 crore, while revenue from operations, stood at Rs 1,283.75 crore in FY'24. Its total income, which includes other income, was marginally up 0.7 per cent to Rs 1,293.97 crore for the financial year ended March 31, 2024, according to the RoC filing by the company. Amway India had reported a net loss of Rs 21.72 crore and revenue from operations was at Rs 1,278.69 crore a year before, for the financial year ended March 31, 2023, according to financial data accessed through the business intelligence platform Tofler. The 'advertising promotional expenses' in FY'24 were down 25.5 per cent to Rs 61.03 crore, as against Rs 81.93 crore a year ago. However, the royalty paid to its US-based parent firm was up 4.06 per cent to Rs 65.74 crore in FY'24. This 'cost royalty' was at Rs 63.17 for the financial year ended on March 31, 2023. Amway India Enterprises is a wholly-owned subsidiary of Ada, Michigan, US-bas
 "Amway India loss widens to Rs 52.78 cr in FY24, sales flat at Rs 1,283.7 cr")
Expect India to be among our top 3 global markets in 5 yrs: Amway India MD
Direct selling major Amway expects India to be among its top three global markets in the next five years, the company's country Managing Director Rajneesh Chopra said on Monday. The company, which has invested USD 4 million (around Rs 35 crore) to set up four new research and development centres in India, is also looking to develop products to cater to Southeast Asian countries. Amway has globally started looking at the overall landscape and the lens of business in a very different way. Instead of setting financial goals only, it is moving to transformation of lives, Chopra told PTI. "We have five and a half lakh active distributors on our base right now. We have more than 2 million customers. Our goal is that 2 million moves up to 5 million over the course of the next five years," he said when asked how the company is looking ahead in India. He further said, "We aspire that India becomes one of the top three (markets for Amway globally). We have some more work to do from that ...
 "Expect India to be among our top 3 global markets in 5 yrs: Amway India MD")
Decoded: Amway's ED troubles turn focus on direct-seller vs pyramid model
The company maintains the action was related to a case in 2011 and it has been cooperating with the investigative agency
 "Decoded: Amway's ED troubles turn focus on direct-seller vs pyramid model")
Direct seller Amway's India play disrupted: Why has it not met targets?
On Monday, the Enforcement Directorate attached Amway's assets worth Rs 758 crore in connection with an alleged money laundering probe
 "Direct seller Amway's India play disrupted: Why has it not met targets?")
Amway bullish on digital; sees online sales staying at 80-85% post-Covid
The company's online business which was at 33% in February hit 90% during the lockdown
 "Amway bullish on digital; sees online sales staying at 80-85% post-Covid")
Amway India expects health, beauty segments to boost revenue growth in 2020
Amway is investing in its online platform, which the company believes will get up to 40 to 50 per cent of sales in the coming years
 "Amway India expects health, beauty segments to boost revenue growth in 2020")
SC asks Amazon, others to move Delhi HC, seek hearing in October
Amazon moved SC after HC division bench refused to stay interim injunction against co-selling Amway, others products
 "SC asks Amazon, others to move Delhi HC, seek hearing in October")
Amway enters Rs 2,000 cr herbal skincare mkt; eyes Rs 45 cr sales by 2022
The launch of Attitude Be Bright Herbals is our latest innovation in the beauty segment that is set to revolutionise the market," company CEO, Anshu Budhraja said
Amway India to invest Rs 200 million on digital platform from next year
Amway India had posted Rs 17.85 billion turnover in calendar 2017
Amway forays into herbal skincare segment, targets Rs 50 bn sales by 2025
Amway is kicking off its herbal skincare range with three products - a day cream, a night cream and a face wash - with all the locally-sourced ingredients
Amway appoints Yum executive Milind Pant as first global CEO
The overall management and leadership of the business will be assumed by Pant
 "Amway appoints Yum executive Milind Pant as first global CEO")
Amway eyes triple turnover to Rs 60 bn by 2025, says India CEO Budhraja
The Rs 60-billion target will also take the local unit of the direct-seller into the top three after the US and China, said Anshu Budhraja, chief executive officer of Amway India
Amway to invest $3-5 mn in ramping up own e-store, enter air purifier biz
Eyeing the magic India revenue figure of Rs 20 billion by the end of 2018, Amway is planning a consumer durables push with an entry into products like air and water purifiers
American made China a billion-dollar market, now faces a crackdown
The American marketing giant made China a multi-billion dollar market, but it is now under fire from local regulators
FMCG gets bullish: Amway may grow herbs to launch ayurvedic products
Firm has started R&D with Indian ingredients for ayurvedic products
Amway enters consumer durables segment with cookware range
Amway India sells over 130 products across nutrition, beauty, home care and personal care categories
Tamil Nadu industry minister visits new Amway plant
The direct selling company has invested Rs 550 cr in the unit, taking its total investment in India to Rs 800 cr
 "Tamil Nadu industry minister visits new Amway plant")
Amway reconnects with its community
With new products and stores, the direct seller is reaffirming its commitment to the customer, but can it survive the onslaught of online retail?
 "Amway reconnects with its community")
