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Why are Indian retailers citing a wrenching slowdown?

Retailers across categories are lamenting sluggish sales over the last several months. Here’s what they are saying… New Delhi: Retailers and restaurants across the board have been reporting sluggish sales in the last six months or so and this persisted...

Inflation rises to 3-month high of 5.55% in November

Inflation based on the Consumer Price Index (CPI) was 4.87% in October and 5.88% in November 2022, the government data released showedNew Delhi: Snapping its declining trend, retail inflation rose to a three-month high of 5.55% in November on...

Coca-Cola India business impacted due to unseasonal rains in June quarter

Unseasonal rains in certain parts of the country, mainly in North India during the peak season had an adverse impact on Coca-Cola India's sales New Delhi: Soft drinks major The Coca-Cola Company on Thursday said its India business was unfairly...

Retail inflation for farm, rural workers rises marginally in June

The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for June 2023 increased by 10 points each to 1,196 points and 1,207 points, respectively New Delhi: Retail inflation for farm workers and rural labourers inched up marginally...

Marico expects gross margin to improve 200-250 bps in FY24 as inflation cools down

Marico expects a "volume-led growth" in the domestic market and gains in market share by most of its productsNew Delhi: Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity...

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

FMCG companies are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressuresNew Delhi: Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer...

Budget 2023: Amit Jatia of McDonald’s India shares his expectations and Vision 2027

Amit Jatia, vice chairman, Westlife Foodworld Ltd. (McDonald’s India West and South) speaks about what the fast-growing QSR industry needs from the Budget 2023 to help the industry achieve its potential New Delhi: The Indian QSR industry is expected to...

Inflation for FMCG segment cooling down, volume from rural markets going to improve, says ITC CMD

ITC Chairman Sanjiv Puri said volume growth from rural markets is going to be better as the inflationary pressure on the FMCG calms downNew Delhi: Inflationary pressure on the FMCG segment is "cooling off a little" and volume growth...

RAI retail business survey indicates spike in jewellery and footwear sales; could be attributed to wedding season

The eastern and western parts of India witnessed a growth of 17% in November 2022, while north and south India saw a 13% growth, the Retail Business Survey by the Retailers Association of India revealed Mumbai: The 34th edition of...

FMCG makers keeping close watch on softening commodity prices; may extend some benefits

Softening of commodities prices will help the FMCG firms in improving their profit margins and also some elbow room to pass on the benefits to consumersNew Delhi: Leading FMCG companies say they are keeping a close watch on...
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Malabar Gold & Diamonds to open 10 new stores

The jewellery brand eyes the target of hitting 350 stores milestone globally this month New Delhi: Kozhikode-based Malabar Gold & Diamonds...
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