Company Slowdown
Q3 results: Decline in volume, revenue growth drags FMCG companies
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
 "Q3 results: Decline in volume, revenue growth drags FMCG companies")
Q3FY24 results: India Inc profit growth slowest in the last 14 quarters
Sample of early-bird companies shows worst net sales since Q3FY21
 "Q3FY24 results: India Inc profit growth slowest in the last 14 quarters")
Nike trims sales forecast; to cut $2 billion in costs over next three years
Nike said its revenue in the full year, ending May 2024, is expected to be down by about 1 per cent
 "Nike trims sales forecast; to cut $2 billion in costs over next three years")
Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses
The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year
 "Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses")
Britannia posts 3% decline in March quarter profit to Rs 364 crore
Besides rising input costs, the company also pointed to a brief shutdown in March to implement key digital projects that impacted its bottom line
 "Britannia posts 3% decline in March quarter profit to Rs 364 crore")
Early-bird results: 7-day Covid-19 lockdown in March affected India Inc
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years
 "Early-bird results: 7-day Covid-19 lockdown in March affected India Inc")
Slowing sales raise concern over level of inventories with companies
The data on companies' inventory, a balance sheet entry, is only reported on a half-yearly and annual basis and is not available for Q3
 "Slowing sales raise concern over level of inventories with companies")
Economic slowdown: Even Diwali failed to lift India's sullen animal spirits
The poor reading signals a protracted slowdown, and may influence the Reserve Bank of India to cut interest rates for a sixth time this year in December
 "Economic slowdown: Even Diwali failed to lift India's sullen animal spirits")
BFSI, FMCG, tech sectors remain resilient to layoffs: Experts
Top banks like HDFC Bank and Axis Bank are slated to add around 10,000 jobs in the next 9 to 12 months
 "BFSI, FMCG, tech sectors remain resilient to layoffs: Experts")
Firms crack the Diwali code: Double-digit growth in consumer goods sales
Credit-driven sales were also high in consumer durables this Diwali, with around 70 per cent of sales in urban areas coming from finance schemes and cashbacks
 "Firms crack the Diwali code: Double-digit growth in consumer goods sales")
No slowdown blues for AC makers as double-digit sales growth continues
After strong sales in summer season, they have continued to clock 15-20% growth in recent months
 "No slowdown blues for AC makers as double-digit sales growth continues")
Where's the slowdown
Some companies surpassed economic sluggishness and the demonetisation-induced slowdown
 "Where's the slowdown")
