Future Consumer reported a net loss to Rs 17 crore ($2.4 million) for the quarter ended September 30, 2019, as against a net loss of Rs 3 crore it had reported in the corresponding quarter last fiscal.
Currently reviewing the possibility of a sale, Revlon announced declining revenues and widening losses for Q3 on Friday, as weaknesses in its North American business took their toll on the company’s top line.
Amazon and Flipkart have communicated to the Department for Promotion of Industry and Internal Trade that they do not engage in predatory pricing online in India as the government body investigates them.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
FMCG major Emami Ltd witnessed a 16 percent surge in its net profit to Rs 96 crore ($13.5 million) for the second ended September 30 as against Rs 82 crore it had reported in the same quarter last fiscal.