India’s beauty and personal care market is expected to grow at a compounded annual growth rate of 10-11 per cent to reach $ 34 billion by 2028, Nykaa Beauty Trends Report said on Wednesday. The report estimates India’s beauty and personal care (BPC) market to be around $ 21 billion at present. According to the … Read more
Jewellery business increase market share from 8.6% currently to 10-11%. In last 5 years, the market share has almost doubled. increase buyers from 3.8mn to 6mn store count from 900 to 1250+ grow revenue at a CAGR of 15-20%. In FY 24, this division’s revenues grew by 20%. Â Emerging business – wearables, Taneira (ethnic wear … Read more
1. Capital Foods (CFPL) The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’. Initially, Nestle was rumoured to be acquiring the Company. Finally, it’s Tata Consumer Products that has announced the deal. It’s a 100% acquisition for Rs 5,100 cr Full … Read more
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more
Titan has decided to buyout balance 27.18% stake from the promoter of Caratlane, Mithun Sacheti. This will increase Titan’s stake in Caratlane from 71.09%Â to 98.28%. Titan had bought 62% stake in Caratlane seven years ago (2017) from US-based hedge fund and venture capital investor Tiger Global for about Rs 357 crore. The transaction then … Read more