The latest news
Soptle raises $1 million in pre-seed funding round
Business-to-business, SaaS-led fast-moving consumer goods marketplace Soptle has raised $1 million as a pre-seed investment as part of its latest funding round, led by Kube VC and We Founder Circle.
Nykaa launches summer sale with over 2,400 beauty and over 2,500 fashion brands
Beauty, fashion, and lifestyle business Nykaa has launched a Pink Summer Sale across its e-commerce stores and shopping apps featuring over 2,400 beauty and over 2,500 fashion brands.
ASOS loss widens, but it highlights foundations laid for profitability return
ASOS took an upbeat stance in announcing its half-year results Wednesday, talking of how it's creating strong foundations for a return to profitability. But there’s no denying that the H1 figures didn't look good.
Body Shop owner Natura's Q1 is loss-making but it hails stronger performance
The Body Shop’s owner Natura &Co has reported what it called a “resilient performance” for Q1, with sales growth in constant currency and an improvement in profit margins. It was still loss-making, however.
The Body Shop opens new store at DLF CyberHub, Gurgaon
British beauty and personal care brand The Body Shop has opened a new exclusive brand outlet in Gurgaon at DLF CyberHub mall.
Marico expects to see improvement in rural consumption in FY24
Fast moving consumer goods business and personal care specialist Marico expects to see an improvement in rural consumption in the coming months after challenges in the 2023 financial year.
Wow Skin Science partners Dukaan to boost sales
Wow Skin Science, a direct-to-consumer personal care brand has partnered with e-commerce player Dukaan to boost its online sales.
Marico Ltd Q4 net profit rises 18 percent to Rs 305 crore
FMCG major Marico Ltd witnessed a 18 percent rise in net profit to Rs 305 crore ($37.3 million) for the fourth quarter ended March 2023, as against Rs 257 crore in the year-ago period.
Hugo Boss sees Q1 sales jump as all brands, regions and categories outperform
Hugo Boss had a good first quarter with currency-adjusted group sales up 25% at €968 million as it saw double-digit improvements across both brands, all regions, and all channels.
Magicpin sees orders increase to 10,000 a day since joining ONDC
Hyperlocal e-commerce business Magicpin has seen its daily orders increase from around 1,000 a day to around 10,000 a day in the past two weeks after joining the Open Network for Digital Commerce.
Jyothy Labs Q4 net profit jumps 55 percent to Rs 59 crore
Jyothy Labs Ltd witnessed a 55 percent rise in net profit to Rs 59 crore ($7.2 million) for the fourth quarter ended March 2023, as against Rs 38 crore recorded in the year-ago period.
Karl Lagerfeld documentary: a fascinating spotlight on a fashion phenomenon
Michael Waldman's Karl Lagerfeld documentary, The Mysterious Mr Lagerfeld, aired on the BBC in the UK late last week (and will be rolling out globally) and has been chalking up five-star ratings.
Joy expects to touch Rs 1,000 crore sales in three years
Personal care brand Joy, owned by RSH Global is targeting an annual sales growth of around 20-25 percent to reach a revenue of Rs 1,000 crore ($122.4 million) over the next three years.
Vanity Wagon expands offline presence with pop up store in Chandigarh
Vanity Wagon, India's largest clean beauty marketplace has expanded its offline presence with the launch of its third pop-up store in the northern city of Chandigarh.
Beauty ops do well for Unilever in Q1 but most sales growth driven by price rises
Consumer products giant Unilever has reported results for the first quarter and said that underlying sales growth (USG) “accelerated to 10.5%, driven by progress against strategic priorities”.
Godrej Consumer Products plans to purchase Raymond Consumer Care's FMCG business
Godrej Consumer Products Limited has signed a deal to purchase Raymond Consumer Care’s fast moving consumer care business for Rs 2,825 crore and the deal could be completed by May 10.