retail industry growth in india
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Timex Group India closes Q3 FY23-24 with double-digit growth
Growth in licensed brands and e-commerce channels accelerated revenue
New Delhi:Â Watchmaker Timex Group has reported double-digit growth with continuous growth momentum in the Q3 FY23-24, a release by the company said.
The quarter saw a revenue growth of 11% over the...
Fashion & Lifestyle
Bata India Q3 net profit falls 30% to Rs 58 crore
PTI -
Overall expenses for the quarter were higher at Rs 836 crore compared to Rs 798 crore in the corresponding period last yearNew Delhi: Bata India's consolidated net profit declined by 30% to Rs 58 crore in the December 2023...
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Raymond Q3 profit almost doubles to Rs 185 crore
PTI -
It had logged a net profit of Rs 96.60 crore in October-December FY23, according to a regulatory filing by the companyNew Delhi: Diversified group Raymond on Thursday said its consolidated net profit in the December quarter Financial Year (FY)...
Fashion & Lifestyle
Reliance Retail’s Avantra by Trends opens 71st store
The new store is located at Phoenix Marketcity mall, Kurla West, MumbaiBengaluru: Avantra by Trends, an ethnic wear brand by Reliance Retail, has launched its 71st store in the country in Mumbai, a company official wrote on social media....
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Bollywood star Ranveer Singh invests in Boat
Singh has invested an undisclosed amount in Boat, becoming a key stakeholder
New Delhi:Â Bollywood star Ranveer Singh has invested in the fast-moving electronics goods (FMEG) brand Boat, a release by the company said earlier this week.
With the investment, Singh has...
Food & Beverage
Starbucks opens new store 24*7 store at Murthal
The new Starbucks store is the first Starbucks store on a highway to operate round-the-clock
New Delhi: US-based coffee chain Starbucks opened a new store in Murthal (Sonipat) at Mannat Haveli on the Chandigarh-Delhi highway, as per a company official’s social...
E-Commerce
Flipkart to roll out same day delivery
The initiative is getting rolled out starting February 2024
Bengaluru:Â Bengaluru-based e-commerce marketplace Flipkart is gearing UP to roll out same day delivery of products across multiple categories, the company said in a press release.
The move will see customers across cities...
fintech
RBI orders Paytm Payments Bank to halt most services after Feb 29, Paytm anticipates Rs 300-500 Crore Impact
PTI -
The company expects this action to have a worst-case impact of Rs 300-500 crore on its annual EBITDA going forwardNew Delhi: In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to...
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Dabur profit rises 6.2% to Rs 506.44 crore in Q3; revenue grows 7%
PTI -
Total expenses of Dabur India in the December quarter went up 7.82% to Rs 2,720.62 crore
New Delhi: Home-grown FMCG major Dabur India Ltd on Wednesday reported a 6.24% increase in consolidated net profit at Rs 506.44 crore in the...
Consumer Durables & IT
Apple tops India smartphone market in revenue share in 2023
PTI -
Samsung topped the chart in terms of sales volume followed by Vivo with 17 per cent market share in terms of volumeNew Delhi: iPhone maker Apple led India market with highest revenue in 2023 for the first time while...
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Convenience store chain 24Seven being acquired by New Shop at Rs 700-1,000 cr valuation
After the acquisition, 24Seven’s over 150 stores will be rebranded as The New Shop – almost doubling the New...
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