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Bata reports 31% drop in net profit due to muted demand for footwear
Footwear brand Bata India Ltd reported a 31.04% decrease in its net profit and a 0.7% upturn in total income for the third quarter...
FSSAI revises order allowing regional names on curd labels amidst political controversy in Tamil Nadu
On Thursday, the Food Safety and Standards Authority of India (FSSAI) revised its order, permitting the use of regional names on printed labels of...
The Ayurveda Company sets aggressive target of 50K sales touchpoints in tier 2 and tier 3 towns by Diwali 2024
The Ayurveda Company (T.A.C.), a D2C personal care brand, is setting its sights on reaching 50,000 points of sale in the general trade (GT)...
Murthal sips into Starbucks culture as new 24-hour store unveiled
Starbucks, the US-based coffee chain, recently unveiled a new store at Mannat Haveli in Murthal (Sonipat) along the Chandigarh-Delhi highway, as announced by a...
Raymond Group’s Q3 profits surge, nearly doubling to INR 185 Crore amidst strong segment performances
Raymond, a diversified group, reported a nearly twofold increase in its consolidated net profit for the December quarter of Financial Year 2024, reaching INR...
Interim Budget 2024 sets the tone for inclusive development, FMCG executives optimistic
Executives representing leading FMCG companies have praised the Interim Budget 2024, displaying confidence in the government's commitment to fostering inclusive and sustainable growth for...
Mixed sentiments in food industry as Interim Budget unveils plans for economic growth
Finance Minister Nirmala Sitharaman presented the Interim Budget in the Parliament on February 1, outlining key plans for India’s economic growth. While the budget...
Mondelez International reports strong Q4 sales surge, but volume decline spurs a 2% share drop
Mondelez International reported an increase in sales for the fourth quarter; however, the impact of price hikes negatively affected volumes. The rise in prices...
Indian appetite for pizzas and burgers wanes: Domino’s and McDonald’s franchisee results reflect decline in dining out trends
As per a Reuters report, there has been a decline in the frequency of Indians dining out for pizzas and burgers, as indicated by...
Interim budget 2024 falls short on immediate rural consumption revival, companies pin hopes on long-term impact through rural housing and post-harvest initiatives
Consumer goods companies have indicated that, while the interim budget may not promptly initiate a consumption revival, an enhanced emphasis on rural housing and...
NASVI to host India’s first ‘zero waste’ hyper-local street food festival in Noida, showcasing culinary delights and handicrafts
The National Association of Street Vendors of India (NASVI) is set to host the "Noida Utsav," a hyper-local street food festival in Noida from...
Sugar stocks trade with mixed fortunes as Finance Minister omits sector from Budget speech
Sugar stocks displayed a mixed performance on February 1 as Finance Minister Nirmala Sitharaman omitted any reference to concessions sought by the sugar industry...