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Trent Q2 result: Profit grows 47% to Rs 335 cr; sales jumps 39.3%

TFW Bureau Nov 09, 2024 - 1 min read

Trent Ltd, retail firm from Tata group, reported a 46.9% growth in its consolidated net profit to Rs 335.06 crore for the second quarter ended September 2024. The company posted a consolidated net profit of Rs 228.06 crore a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under...

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Shibashish Roy to be the new CEO of Croma

TFW Bureau Nov 08, 2024 - 1 min read

Infiniti Retail Ltd., the Tata Group company behind Croma, India's leading electronics and consumer durables brand, has appointed Shibashish Roy as its new Chief Executive Officer (CEO), with effect from November 18, 2024. “The decision is an outcome of succession planning process in the organisation with the imminent retirement of the present Managing...

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Wendy’s aiming to surpass 200 outlets in FY25: CMO, Rebel Foods

Parina Sood, TFW Bureau Nov 07, 2024 - 1 min read

Rebel Foods, the world's largest internet restaurant brand and the master franchise holder for Wendy's, says it plans to surpass the milestone of 200 outlets across the country for Wendy’s in this fiscal year. The brand is focussing on being more accessible in Tier 1 cities while exploring and expanding further into Tier 2 and...

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Q2 Results: Profit Up 53% To Rs 52 Crore for Bata India

TFW Bureau Nov 06, 2024 - 1 min read

Leading shoemaker Bata India Ltd. has reported 53% rise in consolidated net profit at Rs 51.97 crore for the second quarter ended September 2024. It had posted a net profit of Rs 33.99 crore for July-September FY24, according to a regulatory filing from Bata India. Revenue from operations was up 2.2% to Rs 837.14 crore...

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Samsung Unveils Largest Experience Store in Gurugram at DLF CyberHub

TFW Bureau Nov 05, 2024 - 2 min read

Samsung, a leading consumer electronics brand, has announced the launch of its largest Experience Store in Gurugram, strategically located at DLF CyberHub, a hub known for its vibrant mix of entertainment, lifestyle, and commerce. Spanning 3,000 square feet, this new store invites consumers to immerse themselves in Samsung’s most advanced mobile and connected technology offerings. Situated...

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McDonald's Reports Third Quarter Results; Emphasizes Value and Market Share Expansion

TFW Bureau Nov 04, 2024 - 1 min read

McDonald's Corporation today announced results for the third quarter ended September 30, 2024. The QSR chain saw 1.5 per cent decrease in global comparable sales, with 0.3 per cent increase in U.S sale. The International Operated Markets segment decreased 2.1%, International Developmental Licensed Markets segment decreased 3.5%. However, the consolidated revenues increased 3% (2% in...

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Arvind Fashions Q2 results: Net profit net down 25% at Rs 62.77 cr due to higher expenses

TFW Bureau Oct 29, 2024 - 1 min read

Arvind Ltd., known textile manufacturer, reported a 25.44% decline in consolidated net profit at Rs 62.77 crore in the second quarter ended September 30, 2024, impacted by higher expenses and a one-time hit due to a rise in provision for deferred tax. The company had posted a consolidated net profit of Rs 84.19 crore in...

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Quick commerce giants roll out express delivery for gold, silver coins this Diwali

TFW Bureau Oct 29, 2024 - 2 min read

Quick commerce platforms like Blinkit and BigBasket have extended their express delivery services to deliver gold and silver coins to meet the demand for same this festive season. Customers can now purchase these coins from well-known brands like Tanishq with delivery times as short as 10 minutes. Blinkit CEO Albinder Dhindsa termed it as...

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Nykaa's Falguni Nayar Confirms No Immediate Plans for Q-commerce Expansion

TFW Bureau Oct 28, 2024 - 5 min read

Quick Commerce model is solving “very different” use cases and suited to broader product categories like groceries and items of daily use, Nykaa founder and CEO Falguni Nayar said, emphasising it is not a format that the beauty and fashion platform wants to jump into. Nykaa is continuously focused on improving delivery timelines, being closer...

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Festive Sales Surge: Appliance Industry Forecasts Up to 30% Growth Amid Online Boom and Premiumisation Trends

TFW Bureau Oct 28, 2024 - 5 min read

The appliance and consumer electronics industry expects around 30 per cent growth in the festive season sales this year after a double-digit booster from online sale events of leading etailers Flipkart and Amazon and an expected final thrust from offline channels during Dhanteras week. This festive season, premiumisation is the flavour, where consumers are willing to...

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