market share
Brands Companies E-commerce & Marketplaces News

Winni Launches Premium Range of Chocolates To Meet Growing Demand

Winni, the online gifting platform, has launched its premium range of chocolates to fulfill the massive demand it has experienced in the last 5 years in tier-2 & tier-3 cities. The company has sold Rs 75 crore worth of chocolates in the last 5 years which the sale from tier 2, and tier 3 has […]

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Companies FMCG News

HUL Shifts Focus To Volume Growth, Price Cuts In India Amid FMCG Market Reshuffling

Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]

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Brands Companies Food News

Patanjali Foods’ Net Profit Plunge By 64% In Q1FY23

Patanjali Foods saw a significant decline in its net profit for the first quarter of 2023. The company’s financial results revealed a nearly 64 per cent year-on-year (YoY) plunge in net profit, settling at Rs 878 crore. But despite this setback, the company experienced a growth of almost 8 percent in revenue from operations, reaching […]

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Companies Logistics News

Adani Ports Q1 Profit Jumps 83%, Revenue Up 23%

Adani Ports and Special Economic Zone, an Adani group firm, on Tuesday, reported a consolidated net profit of Rs 2,114.72 crore for the quarter that ended June 2023, which is 83 per cent higher compared with Rs 1,158.28 crore in the same quarter last year. Revenue from operations rose 23.51 per cent year-on-year (YoY) to […]

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Companies News

LT Foods Reports Strong Q1 FY24 Results, EBITDA Up 27% YoY

LT Foods, a prominent Indian-origin global FMCG company specialising in consumer food products, reported impressive financial results for the first quarter of FY24. During this period, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) witnessed a substantial 27 per cent year-on-year (YoY) improvement, amounting to Rs 224 crore. Additionally, the EBITDA margin rose […]

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Companies Interviews News

Local Dhobis Retain Lion’s Share Despite Organised Players Gaining 5% Laundry Market Share

The Laundry Industry is expected to reach USD 70 billion at a compound annual growth rate (CAGR) of 6-7 per cent year-on-year (YoY)  basis and yet the industry is highly unorganised and it is dominated by the local dhobis because people don’t have options, however, this scenario is changing,  Anurabh Sinha, CEO of UClean in […]

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Brands Companies Electronics News

Jio Bharat: Jio’s Latest Offering To Target India’s 250 Mn 2G Users

Reliance Jio’s Rs 999 costing 4G phone launch will help the telecom major grab market share among new feature phone sales, including expanding its subscriber base in the 2G segment, said Citi Research in a report. “After Jio’s renewed attempts in Mar’23 at making inroads in the high-end postpaid and prepaid 4G and 5G segments […]

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Brands Companies News People

Xiaomi India Restructures Operations, Plans To Reduce Workforce

Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]

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News Retail

Multi-Category eB2B Platforms Gaining Market Share In India: Report

The Indian retail market, worth USD 950 billion, is highly unorganised and dominated by general trade. While general trade drives 83 per cent of the overall market, its share is greater than 90 per cent in the groceries space, according to a report released by Redseer Strategy Consultants. The fragmented market puts retailers at a […]

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News Real Estate

Residential Real Estate Sales In India Expected To Grow 8-10% In 2023-24

Residential real estate developers across top cities in India are expected to clock 8-10 per cent sales growth this 2023-24 fiscal despite rise in interest rates and asset price, said Crisil Ratings in a report. Buoyant residential demand across the mid, premium, and luxury segments had resulted in robust sales growth in the past two […]

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