Chart Beat: Growth slows further for consumer staples in Sep quarter

2 weeks, 2 days ago

Explained: Why Godrej Consumer share price fell 9% in early trade today

Shares of Godrej Consumer Products Limited tanked 9% in early trading on December 9, as investors reacted to the company’s weak growth outlook for the October-December quarter. The sharp decline came after GCPL shared updates about challenges in demand and margins, leading to concerns about the company’s near-term performance. In a statement, GCPL said, “Demand conditions in India have been …

Growth Company Gcpl

1 month ago

India Inc's Q2 has been tepid. Is a recovery in sight?

Live Mint

India Inc. faced another challenging quarter in July-September as corporate earnings continued the recent trend of lukewarm performance. This was particularly evident in revenue growth, which hit a four-quarter low, dragging down net profit expansion for the fifth consecutive quarter, a Mint analysis showed. Costs surge An analysis of expense patterns shows that while aggregate spending held steady at 82% …

Growth Costs Input Costs Revenue Profit Shah

1 month, 1 week ago

Nykaa’s beauty business growth is a highlight, but margin is a sore spot

Live Mint

The September quarter results of FSN E-commerce Ventures Ltd, the parent of Nykaa, showcased robust growth in the beauty business, while fashion was sluggish—mirroring a trend seen in the previous few quarters. Beauty gross merchandise value growth was stellar at 29% with Hot Pink Sale attracting 23 million unique visitors over 10 days, pushing order volumes up 24%. Still, higher …

Beauty Growth Margin Gmv Nykaa H2Fy25

1 month, 1 week ago

KFC, Pizza Hut operator adds fresh brands to menu to beat demand blues

Live Mint

Devyani International Ltd continues to battle weak consumption demand, especially in urban areas. Same-store sales dropped 6-7% last quarter in key brands KFC and Pizza Hut. While Devyani continues to expand KFC and Pizza Hut franchises in non-metro and tier-2 cities, it is finding it difficult to boost sales commensurately. However, India revenue was up 7% year-on-year, despite a 20% …

Sales Brands Pizza Kfc Pizza Hut Hut Devyani

1 month, 1 week ago

Home Depot’s Q3 results top Wall Street as pullback in consumer spending eases a bit

Associated Press

Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street’s expectations. While this comes off the back of a decline in the prior year, it is the shallowest rate of decrease in two years and sends a positive …

Sales Share Wall Street Home Depot Depot Revenue Decline Q3 Results

1 month, 2 weeks ago

Q2 Results: 44% of companies miss net profit estimates, 27% see weak revenue growth amid demand slowdown: JM Financial

Live Mint

The Q2 results season so far has sparked concerns in the Indian stock market as numerous companies reported weaker-than-expected earnings and cautious outlooks. According to JM Financial, in the Q2 results so far, 44% of companies underperformed, missing analyst estimates, while 41% exceeded forecast. Sectoral Performance Overview for Q2FY25 BFSI: Public sector banks reported strong results due to recoveries that …

Results Financial Companies Demand Sector Miss Weak

1 month, 2 weeks ago

Marks & Spencer sees profits surge, but cautions over consumer pressures

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Marks & Spencer has notched …

Cost Half

2 months, 3 weeks ago

Private sector activity grew at 10-month low pace in September

The Hindu

Growth in India’s private sector activity slowed to a ten-month low this September, as per the HSBC India Composite Output Index, which slipped from 60.7 in August to 58.3 last month, as factories and services players clocked a reduction in momentum. While manufacturing sector activity mellowed in September, with factory output and sales growing at the slowest pace so far …

India Low Hsbc Output Index Services Sectors

3 months ago

Small firms enjoy fastest sales and profits growth for over two years – report

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Britain’s small business sector is …

Growth Small Businesses West Report Quarter Small Firms Business Sector

4 months, 4 weeks ago

Unilever boosted by high-margin products despite consumer pressure hitting sales

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unilever, which makes Sure deodorant, Dove soap and Hellmann’s …

Products Sales Billion Margin Unilever Consumer Pressure

5 months, 1 week ago

D-Mart Q1: Parent Firm Avenue Supermarts Sees 17.5 Per Cent Rise In Net Profit, Revenue Climbs Over 18 Per Cent

ABP News

Avenue Supermarts Ltd, the operating company of retail chain D-Mart, on Saturday reported a surge in its net profit in the April-June quarter in the current 2024-25 fiscal year. The company clocked a gain of 17.45 per cent in the consolidated net profit at Rs 773.68 crore during the first quarter of the ongoing fiscal year, against a net profit …

Company Crore Cent Quarter Net Profit

5 months, 3 weeks ago

Volume Growth in Consumer Companies to Recover in FY25

Deccan Chronicle

Chennai: Consumer companies are likely to see a recovery in volume growth in FY25 as private consumption picks up with better rural growth. India Ratings expects overall volumes to recover gradually in FY25, led by the rural segment as the staples pack is more rural or mass market focused and the weakness in real wage growth may still be fresh …

Growth Consumer Rural Volume Fy24 Fy25 Recover

6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

Inflation Report Fed Quarter Rate Spending Growth

7 months, 1 week ago

Wall Street barely budges as S&P 500 remains just shy of its record

LA Times

Stocks have broadly rallied this month after a rough April on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. GameStop soared 74.4% in a swing reminiscent of its maniacal moves from three years ago, when hordes of smaller-pocketed investors sent the stock’s price way above what many …

Inflation Stock 500 Fed Remains

8 months, 3 weeks ago

Is the demand for fast fashion growing?

Live Mint

Hennes & Mauritz AB posted better-than-expected profit in the first quarter as it cut costs and introduced new spring looks that proved more attractive to shoppers after a weak holiday season. The Swedish retailer recorded operating profit of 2.08 billion Swedish krona, with operating margin more than doubling from the year before. The earnings update is the first for new …

10 months, 1 week ago

Food Service Market To Touch $100 bn By 2028

Deccan Chronicle

Chennai: Food service market to surpass $100 billion mark by 2028, growing at a CAGR of 8 – 12 per cent. Indian food service market -organised and unorganised together- have grown from $62 billion in 2022 to $70 billion and is expected to grow to $100 -120 billion by 2028, finds RedSeer Consultancy. Of this, the organized food services market …

Food Billion Cent 2028 Food Service Market Service Market

10 months, 2 weeks ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

Food Prices Sales Connecticut Taco Bell Mcdonald Fast

1 year, 4 months ago

UK growth beats expectations in second quarter

The Telegraph

Households increased spending on restaurants and transport, bringing a 0.7pc increase in real household expenditure across the quarter. Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said: “The UK remains the only G7 country in which the main quarterly measure of GDP has not recovered to its pre-Covid peak yet.” Quarterly GDP was 0.2pc below its pre-pandemic level. Strong growth …

Quarter Growth

1 year, 5 months ago

Unilever and Heinz face investigation amid grocery price concerns

The Telegraph

Big brand-owners such as Heinz and Unilever are to be investigated by the competition regulator amid concerns shoppers are being overcharged for groceries. The Competition & Markets Authority said its investigation into rising grocery prices will look at the role of international food conglomerates, which is also likely to include companies such as Cadbury-owner Mondelez and Coca-Cola. The new phase …

Cma Unilever Operating Margins

1 year, 5 months ago

Avenue Supermarts shares fall post Q1 results. What brokerages make of numbers?

Live Mint

Avenue Supermarts share price fell over 2% following the supermarket chain stores muted Q1FY24 results. As a result of lower sales of apparel and general products, retail chain D-Mart operator on Saturday announced barely a 2.46% rise in its consolidated net profit at ₹658.71 crore. "Overall gross margins are lower compared to the same period in the previous year, primarily …

Company Quarter Margin Gross Pat Brokerage Dmart

1 year, 6 months ago

Economy ‘loses momentum again’ as private sector growth slows despite retail boost

The Independent

Britain’s economy “has lost momentum again” as growth in the private sector dropped to its slowest for three months, despite an unexpected boost in retail sales. Data from the Office for National Statistics showed that retail sales volumes rose 0.3 per cent in May, better than the 0.2 per cent drop that economists had forecast. But May’s overall 0.3 per …

Growth Retail Sales Cent Ons Retail Sales

1 year, 6 months ago

Nykaa's pink sale fails to lift the blues

Live Mint

FSN E-Commerce Ventures Ltd, the parent company of Nykaa, has some bright spots in its March quarter results. This is the first time in the March quarter where Nykaa’s Ebitda margin has risen sequentially post a seasonally-best December quarter, said JM Financial Institutional Securities analysts in a 25 May report. Also, annual unique transacting customers saw an addition of 0.4 …

Fashion Growth Quarter Segment Bpc Nykaa

1 year, 9 months ago

Private sector growth slows in March as manufacturers drag

The Independent

The UK’s private sector appeared to grow for a second month running after it broke a half-year losing streak, a closely-watched survey has found. In spite of supply chain strength returning, less work resulted in job shedding and lower purchasing volumes as the sector failed to gain momentum and fell into contraction again Dr John Glen, CIPS chief economist Chris …

Sector Growth Slows

1 year, 10 months ago

Beyond Meat beats Q4 forecasts despite flagging sales

Associated Press

Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices. Beyond Meat President and CEO Ethan Brown said the company is seeing progress in its drive to cut costs and manufacturing complexity. Brown also said Beyond Meat plans new products with improved taste this year. Beyond Meat said it expects net revenue in the …

Meat Sales Million Brown

1 year, 10 months ago

Fast food chains report profits in US as inflation weighs on pricier restaurants

Firstpost

Amid rising food prices due to inflation, fast food giants have emerged as the winner in the United States in terms of earnings. As per a CNBC report, a pattern has been seen in the food industry, with fast-food chains appealing to a broader section of customers rather than casual-dining ones or pricier restaurants. McDonald’s, for instance, saw its US …

Food Fast Food Chains Chains Report

1 year, 11 months ago

Wipro’s margins, PAT upbeat in Q3: How stock is likely to react post quarter

Live Mint

Azim Premji-backed Wipro has announced its financial results for the third quarter ending December 31, 2022 period. On Wipro's financial performance, Veer Trivedi, Research Analyst, SAMCO Securities said, "Wipro reported slightly disappointing results when it comes to its top line. According to Emkay Global's first cut note, Wipro's revenue tad below estimates while margins beat estimates. Emkay's note said, "Wipro …

Revenue Qoq Quarter Yoy Margins Emkay Wipro

1 year, 11 months ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

Growth Margin It Firms

2 years ago

2023 brings hope for FMCG companies

Live Mint

Fast-moving consumer goods companies faced two main challenges in CY2022. In 2022, as raw material costs spiked in the backdrop of the Russia-Ukraine war, FMCG companies were pushed to take price hikes to cope with the situation. 'Bid to sully India’s tag as pharmacy of the world' 'EVs won’t need sops once market share surges' View Full Image On the …

India Growth Companies Price Margin Fmcg Companies Revenue Growth

2 years, 1 month ago

S4 Capital enjoys boosted profits as it eyes up more ‘whopper’ clients

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sir Martin Sorrell’s digital advertising …

Growth Million Clients Sir Martin

2 years, 1 month ago

Westlife sees lip-smacking growth

Live Mint

Westlife Foodworld Ltd has continued the strong growth momentum in the three months ended September. The operator of McDonald’s chain of restaurants in west and south India, earlier known as Westlife Development Ltd, reported its highest ever quarterly revenues at ₹572 crore, which were up almost 49% year-on-year. View Full Image Looks appetising Finally, clarity coming soon on GST on …

Growth Westlife Mccafé Gross Margin

2 years, 1 month ago

Inflation bites into KFC operator Devyani International’s Q2 margins

Live Mint

Devyani International Ltd, the largest franchisee partner for YUM! In Q2, Devyani added 88 net new stores, its ‘highest ever,’ taking the total store count to 1,096. Understandably, sequential growth was soft at 4% despite 8% store additions as consumers shied away from consumption of non-vegetarian food due to 'Shravan' month and ‘Navratra.’ Overall, same store sales growth was healthy …

Store Kfc Pizza Hut Devyani Margins Saw

2 years, 2 months ago

Avenue Supermarts Q2 profit surges 63% to ₹730 crore

Live Mint

DMart chain of retail stores operator Avenue Supermarts on 15 October reported a 62.7 percent rise in standalone post-tax profit of ₹730 crore for the quarter ended September 2022. In the financial results, released by the firm, the net revenue also came in higher at ₹10,385 crore for the second quarter, which is an increase of 36 percent compared to …

Crore Compared Surges 63

2 years, 2 months ago

Wall St falls on worries of lower third-quarter corporate profit; Amgen jumps

Live Mint

US stocks fell on Tuesday in the run-up to third-quarter results from companies as profit expectations drop amid rising interest rates and stubborn inflation, while gains in drugmaker Amgen limited declines on the Dow. With recent data on labor market and inflation suggesting more big rate hikes by the U.S. Federal Reserve, Wall Street's main indexes have been on a …

Fed Dow Wall St Inflation Data St Falls

2 years, 4 months ago

FMCG firms shield margins in times of high inflation

Deccan Chronicle

Chennai: Inflation seldom bites into the profit margins of fast moving consumer goods companies as they have the leverage to raise product prices to protect themselves from rising raw material prices. Cosmetics, toiletries, soaps and detergents companies recorded their best operating profit margin at 21.7 per cent in 2020-21 even as sales grew by 13.3 per cent. Around 15 of …

Inflation Companies Sales Cent Margin Margins Fmcg Companies

2 years, 4 months ago

BP profits triple as UK customers face even higher energy bills

CNN

London CNN Business — UK energy giant BP reported its biggest quarterly profit in 14 years on Tuesday — a development that’s likely to stir anxieties around eye-watering energy bills that have driven a cost of living crisis in the country. The average energy bill is expected to rise 83% from its current level to top £3,600 a year beginning …

Higher Energy Households Bills

2 years, 5 months ago

TCS, Infosys, HCL Tech: Indian IT Companies' Growth Expected To Pick Up In June Quarter Results

News 18

Even as the earnings season for the June 2022 quarter starting this week with IT company TCS first declaring its financial results on Friday, analysts said the growth of Indian IT companies is expected to pick up in the first quarter, barring weakness in a few companies due to company-specific events. We expect Wipro to guide for 1-3 per cent …

India Growth Companies Revenue Cent Quarter Margin

2 years, 7 months ago

India’s PC market pushed past four million units in Q1 of calendar 2022: IDC

The Hindu

India’s traditional PC market that comprises desktops, notebooks and workstations delivered another strong quarter during the January to March 2022 period shipping over 4.3 million units with a Year-Over-Year growth of 37.7%, said International Data Corporation on May 19. Bharath Shenoy, Senior Market Analyst, PC Devices, IDC India said, “The consumer segment stayed positive as it witnessed an impressive 27.9% …

India Consumer Market Commercial Share Units Quarter

2 years, 7 months ago

For services, April brings high costs with fast growth

The Hindu

New business and output from India’s services sector grew at the fastest pace in five months in April, even as selling prices surged at the sharpest rate since July 2017 amid a near-record upturn in input costs, as per the S&P Global India Services PMI, which increased from 53.6 in March to 57.9 in April. Real estate and business services …

Business Services Costs Pmi New Business Reported High

2 years, 8 months ago

Q4 Results Preview: Margins of consumer durable firms will remain under pressure in the March quarter

Live Mint

After witnessing disruption in the last two seasons, the early and harsh onset of summer is driving demand for cooling products. The brokerage expects the consumer durables sector to deliver revenue growth and a three-year CAGR of 13/11% YoY in Q4FY22. Consumer Durables Q4 Revenue Preview Further, it expects margin pressure will continue; aggregate EBITDA YoY/three-year CAGR may stand at …

Companies Qoq Yoy Symphony Inr Havells Cagr

2 years, 8 months ago

TCS, Infosys Q4 Results: IT Sector's Revenue Growth To Moderate in March Quarter?

News 18

Information technology stocks like TCS and Infosys have been giving good returns for quite some time. We expect strong demand commentary from IT majors led by Infosys with revenue growth guidance of 11-13 per cent year-on-year CC for FY23.? It said Infosys and TCS are expected to post 1.4-5.5 per cent q-o-q growth CC in revenues, while Mindtree and Coforge …

Growth Guidance Revenue Cent Quarter Infosys Tcs

2 years, 10 months ago

Wall St slides over 2% as tech rout deepens; Fed meeting eyed

Live Mint

U.S. stock indexes slid on Tuesday, with the S&P 500 on track to confirm a correction as a selloff in technology stocks ahead of the Federal Reserve's policy meeting overshadowed upbeat results from blue-chip companies including IBM and 3M. The Fed will convene its two-day monetary policy meeting later in the day, which will be watched closely for cues on …

Eye Fed Nasdaq 500

3 years, 4 months ago

Pharmaceutical companies lead topline growth in Q1FY22

New Indian Express

MUMBAI: Corporate earnings for April-June were robust despite the second wave of Covid-19 and a report by ICICI Direct Research showed that the topline growth during the quarter was led by pharmaceutical companies. The laggard this time was the automobile space amid 34 per cent QoQ decline in auto sales volume due to limited dealership activity and capital goods domain …

Covid Cent Qoq Topline Growth

3 years, 4 months ago

Markets rise as M&S leads retail boom

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Markets in London were driven …

Europe Ftse Retail Sales Markets Rise

3 years, 4 months ago

Supermarkets, greengrocers feeling reopening of catering industry

NL Times

Supermarkets and greengrocers are noticing the reopening of the catering sector. Last year such stores recorded big increases in turnover when the catering sector had to close due to the coronavirus for the first time. Other specialty stores are "In the course of May, the income of the supermarkets normalized, now the growth completely stopped and turnover is even falling," …

Buysse

3 years, 5 months ago

Premarket stocks: Corporate America is used to making money. But not like this

CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. In part for this reason, the second quarter “will almost certainly end up being the peak in earnings growth for this cycle,” LPL Financial strategists Jeffrey Buchbinder and Ryan Detrick told clients. “Despite the historic upside and significant growth in the first quarter, earnings are expected …

Companies Second Cnn Quarter Ipo Bac Goldman

3 years, 5 months ago

Q1 revenue seen falling 8-10% sequentially; year-on-year may clip at 50%: Crisil

Firstpost

The Crisil estimate is based on an analysis of 300 companies accounting for 55-60 percent of the market capitalisation Mumbai: Disruptions in business activities caused by the second wave of the pandemic may bring India Inc revenue down by 8-10 percent sequentially in the June quarter to Rs 7.3 lakh crore, as per a report. India Inc is likely to …

Prices Commodity Commodity Prices Revenue Crisil Margin Sectors

3 years, 10 months ago

Corp earnings grew faster in Q3 despite pandemic

Live Mint

Corporate earnings grew at a robust pace in the December quarter in a bright spot for the Indian economy that is seeking to ride out of the brutal effects of the pandemic. A Mint analysis of 2,485 publicly-traded companies, which reported earnings for the three months ended 31 December showed that net profit after adjusting for one-time items grew at …

Growth Earnings Companies Sector Quarter Corp Volume Growth

4 years, 2 months ago

Global PC market growth breaks 10-year record with 13% rise

India TV News

The global PC market climbed 12.7 per cent from a year ago to reach 79.2 million units in the third quarter of this year, registering the highest growth the market has seen in the past 10 years, according to the latest report from Canalys. Lenovo regained top spot in the PC market in Q3 with growth of 11.4 per cent …

Growth Market Share Cent Shipments Canalys Pc Market

4 years, 4 months ago

Butchers, bakers, green grocers doing well in coronavirus crisis

NL Times

While many businesses saw their turnover fall during the coronavirus crisis, butchers, bakers and greengrocers were doing very well. Greengrocers and butchers saw their sales increase by 30 to 40 percent, according to figures from market researcher GfK. According to GfK researcher Joop Holla, this is the first time in 30 years that he's seen the small shop on the …

Green Nos

Chart Beat: Growth slows further for consumer staples in Sep quarter

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