All stories by Sharleen D'souza
Brand SRK Is Back With A Bang!Rediff.com12 Sep 2023
'He doesn't need to play eye candy or a boy next door. He has found his mark.' 'Brands like him because he understands them and he emotes appropriately for them.'
At $112 bn, Reliance Retail value may be almost double RIL's O2C businessRediff.com3 Aug 2023
Reliance Industries' (RIL's) retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein's latest report on the conglomerate projects a valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm valued Jio Platforms, the company's telecom arm, at $77 billion and the renewable energy business at $17 billion.
Unseasonal rains to impact performance of consumer durables in Q1Rediff.com25 Jul 2023
Unseasonal rains watered down the performance of consumer durables companies as temperatures cooled, impacting the sales of refrigerators and air conditioners (ACs) in the 2023-24 (FY24) April-June quarter. Centrum says in its report on the sector that the trade channel indicates a 25-30 per cent year-on-year (YoY) decline in sales of refrigerators and ACs in April and May due to restricted buying. "While some green shoots in demand were visible in June, overall growth for the quarter is likely to remain at a negative 10-12 per cent," observes the brokerage.
Aditya Birla invests Rs 5,000 cr in jewellery biz, takes on Tata, RelianceRediff.com7 Jun 2023
Aditya Birla Group has announced its foray into the branded jewellery space with an investment of around Rs 5,000 crore and will battle it out with Titan's Tanishq and Reliance Industries- Reliance Jewel. The business will be housed in a new venture, "Novel Jewel", and will open large-format exclusive stores across the country with its in-house jewellery brands, the company said in its release. "The new venture will seek to transform customer experience by creating an aspirational national brand with unique designs and a strong regional flavour.
Have You Tried A Pinwheel Samosa?Rediff.com29 May 2023
Or makhni pasta? Timbits or donut holes? Time you headed to Tim Hortons.
Shein is ready to make its second entry into India with Reliance RetailRediff.com19 May 2023
Chinese fashion e-commerce platform Shein is expected to make a second entry into India and has tied up with Reliance Retail for this, according to a source in the know. The source said as part of the tie-up, Shein would source goods from India for its global operations. Also, the manufacturing of its products could happen in the country and they could be exported.
FMCG sales slow on lower stocking; home care only category to report growthRediff.com16 May 2023
Demand for fast-moving consumer goods (FMCG) fell in April owing to lower stocking by kiranas, according to the data from Bizom. Kiranas stocked lower quantities in April as they resorted to heavy stocking in March. Sales in value terms were down 8.4 per cent in the month as against the same period last year while on a month-on-month basis, they declined 17 per cent.
'Rural demand is back, El Nino is a worry'Rediff.com15 May 2023
'A weak monsoon always spells disaster. But it's too early to have a pessimistic view.'
After strong run, retail demand feels the fatigueRediff.com25 Apr 2023
The retail industry witnessed robust top-line growth for the greater part of the previous financial year, but demand has started to show signs of fatigue seen in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23), especially in the apparel and innerwear segments. Jewellery, however, has managed to hold on to demand in the quarter. "In the discretionary space, demand moderation in urban markets is expected to impact the quick-service restaurant and apparel categories the most, while paint, luggage, and jewellery should see resilient growth," Systematic Institutional Equities observed in its preview of the sector.
HUL Bets On Health And Wellbeing MarketRediff.com20 Apr 2023
HUL believes that post Covid, the awareness about health and wellbeing and selfcare, has exploded and there is a mindset change from health as absence of disease, to health as a part of lifestyle.
Unilever goes cloud-only in landmark transformationRediff.com5 Apr 2023
Unilever completed one of the largest cloud migrations in the consumer goods industry, with a little help from Accenture and Microsoft, and has become a cloud-only enterprise. Accenture and Microsoft, together with their joint venture, Avanade, worked with Unilever to deliver the transformation in 18 months with minimal disruption to business operations, Accenture said in a release. The release added that it has not only helped ensure and optimise operations for Unilever but also provides a platform to drive innovation and growth.
FMCG demand goes up in February, as stores stock up for summerRediff.com9 Mar 2023
Demand for fast-moving consumer goods (FMCGs) went up last month across India, as kirana stores stocked up their shelves in anticipation of a sizzling summer, according to data by retail intelligence firm Bizom. There was a spike in beverages sales across the country despite inflation inching up in February after moderating downward previously, Bizom noted.
Why Pepsi Roped In Ranveer SinghRediff.com8 Mar 2023
'When we were thinking of 'Rise Up Baby' and celebs who can stand for that, Ranveer is someone we felt completely embodies the brand philosophy and the spirit of 'Rise Up, Baby' because he is irrepressible and cannot be contained.'
Rural demand for FMCG products almost positive in DecRediff.com5 Jan 2023
Fast-moving consumer goods (FMCG) sales in rural areas witnessed a sequential recovery in the latter half of December, according to data by retail intelligence firm Bizom. Also, demand witnessed in the previous month compared to November was higher from tier-3 cities than mega cities. Overall demand from rural areas declined 0.2 per cent on a month-on-month basis in December while it was down 17 per cent in November, according to Bizom's data.
Bureau of Indian Standards to engage e-commerce players for self-regulationRediff.com21 Dec 2022
The Bureau of Indian Standards (BIS) will engage stakeholders in the e-commerce space to establish standards with the objective of self-regulation, said its deputy director Parul Gupta at the Internet Commerce Summit 2022 in Bengaluru. "Standardisation will allow parties to transact qualified commodities and services at any location and time," said Gupta. BIS recently released standards for e-commerce players, travel portals, and food delivery platforms that publish consumer reviews online, as part of the government's efforts to crack down on fake reviews, said Gupta.
HUL set for health and wellbeing forayRediff.com16 Dec 2022
Hindustan Unilever (HUL) is set to enter India's health & wellbeing category by acquiring stakes in two companies in this space. HUL on Thursday announced buying a majority stake in Zywie Ventures, which sells plant-based and clean-label consumer wellness brand under the name OZiva, for Rs 264.28 crore. It will also indirectly acquire its subsidiary Zenherb Labs. In another transaction, the owner of Horlicks will take up a 19.8 per cent stake in Nutritionalab, which houses its products under the brand name Wellbeing Nutrition, for Rs 70 crore.
Lakme turns 70: Secret behind the age-defying glowRediff.com13 Dec 2022
Lakme, India's first make-up and beauty brand, turned 70 this year and is also present in Hindustan Unilever's club of brands with a turnover of over Rs 1,000 crore. Over the past seven decades, the brand has evolved and is no longer just a beauty brand, but has also transformed into a skincare brand. Lakme has increased its digital presence as well as innovations and now sees a third of its growth come from new innovations.
Hindustan Unilever cuts prices of soaps, detergents after 2 years of hikesRediff.com8 Oct 2022
Hindustan Unilever (HUL), one of the country's largest fast-moving consumer goods (FMCG) players, is learnt to have cut prices of its leading soaps and detergents this month by 2-19 per cent, according to the company's distributors. The cuts come after consistent price increases by the company as well as its peers, following the sharp rise in raw material prices in the past several months. It is only recently that prices of raw materials have started to correct from peak levels in the June quarter.
Weak rural demand drags down FMCG sales in SepRediff.com5 Oct 2022
Feeble demand in rural areas of the country has affected sales of fast-moving consumer goods (FMCG) in September as compared to August, which saw heavy stocking ahead of the festival season, according to the data of Bizom, a retail intelligence platform. Sales in rural India fell 14.3 per cent while urban sales growth stood at 1.1 per cent in September as compared to the previous month. Overall FMCG sales fell by 9.6 per cent in September as compared to August.
JioMart morphs into e-marketplace to take on Amazon and FlipkartRediff.com26 Sep 2022
Reliance Retail's digital commerce platform JioMart will morph into an e-marketplace offering multiple brands - from electronics, consumer durables, fashion and lifestyle, beauty, home, kitchen, and grocery - as it girds up to take on the likes of Amazon and Flipkart ahead of the festival season sales. India's largest retailer was in the process of onboarding third-party sellers these past few months, further increasing its selection across categories multifold. Its website and application offers general merchandise as well.