India News: MUMBAI: Reliance Consumer Products Limited, the FMCG arm and fully-owned subsidiary of Reliance Retail Ventures Limited (RRVL) has launched the latest.
While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.
India has naturally become an attractive destination for global and domestic investors, said Swarup Anand Mohanty of Mirae Asset Investment Managers. He believes India stands out as a stable oasis in today s ‘polycrisis’, from growth, inflation, liquidity and policy perspective.
FMCG: While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.
Udaan was eyeing an IPO in 2023. But the viability of its business was questioned revenue dropped massively in FY23 and the company continued to make heavy losses. The B2B commerce company now has a new deadline to hit the public markets. A new business model, too.