Weaving Revenue Growth

Locks and Architectural Solutions, a business unit of Godrej Enterprises Group, is targeting to reach Rs 2,500 crore revenue by 2028, a senior company official said. The company is the market leader with around 30 per cent share in India, Locks and Architectural Solutions Business Head Shyam Motwani told PTI on the sidelines of the press conference here. "We are targeting...to reach Rs 2,500 crore by the year 2028," he said, adding that the company continues to reinforce its position as India's most trusted and preferred locks brand, driven by cutting-edge innovation and an expanding digital product portfolio. "E-commerce and quick commerce have played a pivotal role in this transformation, with the company doubling its business in the online segment," Motwani said. With evolving safety needs, digital locks have emerged as a key growth driver, and are now, contributing 10 per cent of the business, he noted. "The digital lock segment has witnessed an impressive 45 per cent year-on-

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

Dabur expects a "low single-digit growth" in the December quarter along with a "flattish operating profit" as the homegrown FMCG major faced inflationary headwinds in some of the segments. This forced Dabur to go for "tactical price increases" and tried to mitigate the inflationary pressure through cost-efficiency initiatives partially, Dabur informed in its quarterly updates on Friday. During the October-December period, rural consumption of FMCG was resilient and continued to grow faster. Alternative channels like modern trade, e-commerce, and quick commerce continued to post strong growth, while general trade, which mainly includes neighbourhood kirna stores was still under pressure in the October-December period. In the domestic market, Dabur's HPC (home & personal care) is expected to grow in the mid to high single digits, while Health Care is expected to be 'flattish' due to the delayed winter onset. "While the Beverages portfolio is expected to report muted performance, our

In FY24, payments revenue grows 6.25% to Rs 275 crore; total payment value more than doubles to Rs 50,417 crore

The surge comes amid a consumption slowdown that dragged economic growth to 5.4 per cent in the September quarter, the weakest in nearly two years

The hiring target of the industry is also expected to be in the low range

Tyre makers are expected to see a 7-8 per cent topline growth during the current fiscal, driven by a 3-4 per cent increase in realisations and volume, ratings agency Crisil Ratings said on Monday. This would be for the second consecutive year that the estimated revenue growth for the tyre manufacturer will be in single digit (albeit nearly double than that of last fiscal) and after logging a compound annual growth rate of 21 per cent between fiscals 2021 and 2023, Crisil Ratings said. It also said that realisation growth will be staggered throughout the fiscal as companies are raising prices gradually to offset the surge in the cost of natural rubber. Volume growth, meanwhile, will be driven by replacement demand, Crisil Ratings said, adding that the analysis is based on the performance of top six tyre makers, which account for around 87 per cent of the industry's revenue. According to the ratings agency, the high natural rubber prices and limited ability to pass on these costs du

Public offer expected to comprise a fresh issue of around Rs 350 cr and an offer for sale by earlier shareholders

LGES said it would have booked an 18 billion won operating loss in the quarter without a tax credit received under the US

IHG's licensing agreement with The Venetian Resort and The Palazzo in Las Vegas will end on Jan. 1, 2025, removing 7,092 rooms or about 0.7 per cent of its system from its portfolio, the owner of the

Corporates are bracing for revenue uncertainties in the April-June period due to a slowdown in government spending and the onset of the annual monsoon season, domestic rating agency Icra said on Monday. The sequential revenue growth will taper in the first quarter of the fiscal, the agency said in a note, adding that there was a 6.5 per cent growth in revenues in the March quarter compared to the preceding December quarter. "While signs of a revival in rural demand have emerged, headwinds, such as a slowdown in the Government of India's (GoI) spending during the Parliamentary elections and onset of the monsoon period, are likely to weigh on growth in H1FY25," the agency said. "India Inc braces for revenue uncertainties in Q1FY25," it added. Its co-group head for corporate ratings Kinjal Shah said the sequential revenue growth will slow down because of a relatively high base amid a perceived temporary pause in the infrastructural activities for a major part of the quarter due to the

Their combined net sales were up just 7.4 per cent year-on-year (Y-o-Y) in Q3FY23, which was the lowest in nine quarters then

The big challenge comes from the Delhi Airport, whose traffic base is very high and whose user fees will be much low than Noida airport

Analysts at the brokerage expect the company to deliver a 17 per cent dollar revenue growth annually between FY22-24

High interest outgo and weak demand are worrying

Can the S Kumars' strategy to have presence in all textile product line pay off?