Dabur reports strong sales growth, margins decline QoQ

Dabur reports strong sales growth, margins decline QoQ

2018-07-31T14:18:54+00:00 On

Nature-based consumer products maker Dabur India reported 24.6% growth in net profit for the first quarter, riding the trend of rising sales. However, the company, which faces tough competition from Patanjali Ayurved, reported a dip in profits when compared with the preceding…

Videocon Industries placed under bankruptcy, board suspended

Videocon Industries placed under bankruptcy, board suspended

2018-06-12T08:59:42+00:00 On

Videocon Industries, one of the biggest local-grown consumer durables companies in India, confirmed that it had been placed under bankruptcy by the National Company Law Tribunal, in a petition by SBI. With this, the company’s board of directors have lost their power…

Acharya Balkrishna: Swadeshi not about boycotting foreign ideas & capital

Acharya Balkrishna: Swadeshi not about boycotting foreign ideas & capital

2018-06-02T16:58:09+00:00 On

Acharya Balkrishna, the owner of Patanjali Ayurved — one of India’s biggest consumer products companies — clarified that his company was not advocating a boycott of foreign ideas, concepts or even capital in the name of going Swadeshi. Speaking at the India…

Reliance Digital, Jio Stores to sell all Motorola devices

Reliance Digital, Jio Stores to sell all Motorola devices

2018-05-30T19:00:47+00:00 On

India’s largest technology retail chain Reliance Digital said it signed an agreement to sell all Motorola products at its outlets. At present, Motorola is largely an online-focused brand. Motorola, which used to be a big brand in the country in the 1990s…

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

2018-05-21T13:21:10+00:00 On

L Catterton Asia, the Asian unit of the consumer‐focused private equity firm, will take a stake of around 10% in Future Lifestyle Fashions Ltd, the company that operates the Brand Factory and Central fashion stores in India. The valuation or the amount…

Walmart-Flipkart deal to change offline retail in India – CMR

Walmart-Flipkart deal to change offline retail in India – CMR

2018-05-11T11:55:20+00:00 On

CyberMedia Research, the market research arm of the CyberMedia publishing group, has predicted that the $16 bln acquisition of Flipkart by WalMart, the world’s largest retailer, will bring far-reaching changes in India’s retail sector, both online and offline. The news of the…

Parle Products in distribution tie-up with Manpasand Beverages

Parle Products in distribution tie-up with Manpasand Beverages

2018-05-07T12:45:54+00:00 On

Manpasand Beverages said it has inked a distribution tie-up with Parle Products, one of India’s largest food and beverage companies, for the Western Indian market. The move comes after a similar agreement for eastern India helped Manpasand increase its reach. Through this…

Higher costs weigh on Emami Q4 results despite strong sales growth

Higher costs weigh on Emami Q4 results despite strong sales growth

2018-05-03T17:35:55+00:00 On

Personal care products maker Emami Ltd reported a 12% growth in fourth-quarter revenue, but profit levels were impacted to due to a sharp increase in material costs and the write-off of a tax credit. The company posted revenue of Rs 617 cr…

Hero MotoCorp launches e-commerce portal for selling genuine parts

Hero MotoCorp launches e-commerce portal for selling genuine parts

2018-04-18T14:22:42+00:00 On

Hero MotoCorp has launched online shop for consumers to buy genuine parts and accessories for their Hero scooters and motorbikes. The portal, www.hgpmart.com, will be run by the company directly. However, it will tap close to 100 distributors in a ‘hub and…

Xiaomi outsells Samsung 2:1 in India’s largest smartphone market

Xiaomi outsells Samsung 2:1 in India’s largest smartphone market

2018-03-09T08:39:15+00:00 On

Xiaomi, the Chinese brand, sold 2 smartphones for every smartphone sold by Samsung in Maharashtra — one of the most urbanized states in India, according to market research firm CMR. The numbers are a cause for worry for Samsung as they indicate…

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

2018-02-06T14:45:23+00:00 On

Future Retail, the flagship company of the Future Group led by Kishore Biyani, reported an 81% jump in its net profit due to higher operating leverage afforded by increasing revenue and a sharp dip in interest costs. Net profit for October-December rose…

Eveready to float FMCG joint venture with Indonesia-based Wings group

Eveready to float FMCG joint venture with Indonesia-based Wings group

2018-01-27T13:43:38+00:00 On

Battery and electrical goods maker Eveready Industries India said it will float a joint venture the Wings Group of Indonesia to enter the market of fast moving consumer goods (FMCG) in India. Eveready will acquire 30% shares in the new company, with…