Category: How it Works

IKEA launches ecommerce deliveries across 62 districts in Maharashtra, Karnataka, Telangana, and Andhra Pradesh

Currently, 72 percent of customer orders in existing markets are fulfilled via Electrical Vehicles. With this expansion, IKEA aims to build further capacities in its supply chain, making it more sustainable.(Representative Image: Zheka Kapusta via Unsplash)

The expansion comes into play as IKEA continues to see demand and visits from thousands of customers hailing from nearby cities and towns to shop from the IKEA stores.

Gillette India records sales worth Rs 639 crore

The company has announced an interim dividend of Rs 85 per equity share for the financial year 2023-24. (Image source: Moneycontrol)

The company reported Profit After Tax (PAT) at Rs 104 crores, up 40 percent vs year ago largely driven by productivity interventions, product price-mix and moderating cost inflation.

Budget 2024: FMCG majors Parle, Godrej and Adani Wilmar share budget expectations

Mondelez and Procter & Gamble (P&G) invested Rs 2000 crore and Rs 4000 crore, respectively, in new plants, and these will be operational in the next few years.

FMCG giants Godrej, Adani Wilmar and Parle, and audio D2C brand Noise, talk about the need for a robust regulatory framework for development of healthier product offerings, the agricultural sector, fostering homegrown brands and more.

ITC Ltd records 10.8 percent YoY increase in net profit at Rs 5,572.1 crore

The company's revenue from operations increased 1.6 percent to Rs 16,483.3 crore against Rs 16,225.7 crore in the corresponding period of the preceding fiscal.(Image source: Moneycontrol)

At the operating level, EBITDA declined 3.2 percent to Rs 6,024.4 crore in the third quarter of this fiscal over Rs 6,223.2 crore in the corresponding period in the previous fiscal.

HC upholds anti-profiteering clause in GST law; setback for HUL, ITC, Reckitt, Nestle and others

According to the government, the provisions were meant for consumer welfare and essentially created a substantive restriction on suppliers appropriating the gains from GST. (Image source: Moneycontrol)

The list of petitioners included FMCG players ranging from Reckitt Benckiser to Hindustan Unilever, ITC, Nestle, P&G and Patanjali in along with Philips, Samsonite, Samsung, Starbucks, J&J and multiple builders and restaurants.

Vodafone Idea narrows Q3 losses to Rs 6,986 crore

The company is in discussion with various technology partners for finalisation of its 5G rollout strategy and is working with many partners to develop 5G use cases relevant to the Indian market and build device ecosystems. (Image source: Moneycontrol)

The 4G subscriber base continued to grow for the tenth successive quarter and stood at 125.6 million as of December 31, 2023, against 121.6 million in Q3FY23, an addition of 4.1 million 4G subscribers.

BCCI invites bids for official partner rights in upcoming IPL season

The report stated the BCCI was forced to decide on a host of state units, including the Delhi and Puducherry, and held talks with foreign boards, mainly the associate nations, for hosting them on exposure trips. (Image sourced via BCCI website)

The RFQ will be available for purchase till February 19, 2024.

Marico records 11.82 percent spike (YoY) on advertisements and sales promotion

In Q3FY24, Marico’s India business also posted volume growth of 2 percent, which dipped sequentially primarily due to a stock reduction undertaken across key portfolios as a part of the aforesaid initiatives to support the company’s GT channel partners(. Representative Image: Franki Chamaki via Unsplash)

Value-Added Hair Oils grew by 3 percent in value terms amid slower rural demand, Saffola Edible Oils registered a mid-single digit volume decline.

Byju’s approves rights issue to raise $200 million from existing investors

The issue will happen at a post-money valuation of $225 million, which is 99 percent lower than the company's last funding round which happened at a valuation of $22 billion, (Image source: Moneycontrol)

Byju’s has reduced the monthly burn rate of its core business to Rs 50 crore and aims to achieve operational break-even in the next 2-3 months