FMCG firm Jyothy Labs reported a 29 percent decline in consolidated net profit at Rs 38 crore ($5.2 million) in the third quarter ended December 31, 2021.
Shoppers Stop Ltd reported a consolidated net profit of Rs 77 crore ($10.3 million) for the third quarter ended December 2021, as against a net loss of Rs 25 crore it posted in the corresponding period last year.
Zymrat, an innovation-led performance wear brand has raised $500,000 (Rs 3.5 crore) in seed funding led by Dominor Investment Holding LLP.
German sportswear maker Puma reported stronger-than-expected preliminary quarterly sales and core profit on Thursday, as strong global demand helped offset the effects of the pandemic and supply chain constraints.
FMCG major Hindustan Unilever Ltd (HUL) witnessed a 19 percent rise in consolidated net profit to Rs 2,300 crore ($309.3 million) for the third quarter ended December 2021.
Piramal Group’s Piramal Pharma plans to focus its investments in its baby care brand Little's which it expects to contribute to doubling sales in its consumer healthcare division in the coming two to three years.
Beauty care company Lotus Herbals has acquired a 25% stake in direct-to-customer skincare brand Conscious Chemist, which will use the funds to expand its product selection and retail footprint.
Cloud Tailor, a direct-to-consumer (D2C) platform, has raised $1 million (Rs 7 crore) in a pre-series A funding round led by 35North Ventures along with Mergerdomo.
Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
Burberry’s full-price sales continued to grow in double-digits compared with two years ago in the 13 weeks to December 25, underlining the ongoing recovery both at the company and in the luxury sector as a whole.
Cartier, Chloé and Alaïa owner Richemont had a good Q3 — the three months to the end of December — with demand for jewellery and watches in particular driving sales in the Americas and Europe.
Garment Mantra Lifestyle Ltd reported a net profit of Rs 3 crore ($403,223) for the third quarter ended December 2021.
Hindustan Unilever is preparing to release its performance report for the third quarter of the 2022 financial year and is expected to see a double-digit rise in net profit, as well as a rise in overall sales.
Trident Ltd reported a jump of 88 percent in the consolidated profit of Rs 211 crore ($28.3 million) in the quarter that ended December 2021, as against a net profit of Rs 113 crore it posted in the year-ago period.
Ikea, the world's biggest furniture brand, said on Tuesday it was on track to become climate positive by 2030 as its annual carbon emissions fell 6% from pre-pandemic levels despite record sales.
