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Mamaearth parent Honasa Consumer sees 250% YoY surge in net profit to INR 26.1 Crore in Q3FY24
Honasa Consumer Ltd, the parent company of the D2C unicorn Mamaearth, reported a 250 percent year-on-year increase in net profit, reaching INR 26.1 crore...
IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...
Govt infrastructure spending, elections to drive consumption growth, says Nestle CMD
Nestle India's Chairman and Managing Director, Suresh Narayanan, said that the government's infrastructure spending, moderating inflation, and the upcoming elections are likely to boost...
India’s hospitality sector records 15.8% year-on-year RevPAR growth in Q4 2023: JLL Report
According to JLL's Hotel Momentum India (HMI) Q4 2023 report released on Friday, the Indian hospitality sector saw continued year-on-year growth in performance in...
Meat retailer Licious lays off 80 employees in bid for enhanced efficiency
Licious, the omnichannel meat retailer, has laid off 80 employees, representing 3% of its total employee base. The firm said the layoffs were part...
Unilever eyes competitive volume growth in India, anticipates price reduction amid commodity trends
Unilever, the multinational FMCG firm, is focusing on driving competitive volume growth in the Indian market and expects a price reduction in its products...
Tata Digital to receive $1 Billion investment from Tata Sons
Tata Sons, a diversified conglomerate, is planning to infuse around $1 billion into its digital arm Tata Digital over the next few years.This development...
Warburg Pincus offloads 8.4% stake in Kalyan Jewellers for INR 2,937 Crore
Private equity major Warburg Pincus divested an 8.4% stake in Kalyan Jewellers India for INR 2,937 crore through open market transactions on Thursday.The US-based...
Zomato bolsters operations with its largest warehouse yet in India, secures prime space in Bengaluru’s Sumadhura Logistics Park
Zomato, the online food delivery company, has secured its largest warehouse in India to date at the Sumadhura Logistics Park in Bengaluru's Hoskote area....
India slashes wheat stock limits to bolster availability and stabilize prices
India has lowered the stock limit of wheat that traders, processors, and retailers can hold to increase the grain's availability and moderate prices, as...
Patanjali Foods’ Q3FY24 net profit falls 19.55% to INR 216.54 crore
Patanjali Foods, an Indian fast-moving consumer goods company, reported a 19.55% decline in its net profit to INR 216.54 crore for the quarter ending...
Nestle India ramps up investments, sets sights on robust growth with INR 6,000-6,500 Crore expansion plan
Nestle, a leading FMCG company, is expanding its manufacturing capabilities and operations in India. According to Suresh Narayanan, the Chairman and Managing Director of...