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Quick-commerce: Quick commerce platforms surge rocks neighborhood grocery stores, ET Retail

India s neighborhood grocery stores, numbering around 12 million, experienced a slowdown in sales in the last quarter of 2023, while quick-commerce firms gained market share. Companies like Marico, Dabur, and Parle noted challenges in profitability and liquidity for traditional kirana stores. Quick-commerce platforms like Swiggy Instamart and Zomato-owned Blinkit have contributed significantly to FMCG sales, accounting for 30-50% of e-commerce sales for these companies.

Swiggy instamartZomato owned blinkitQuick commerceGrocery storesKirana storesFmcg companiesGeneral tradeConsumer goods

Adani Wilmar Q3 Results: Profit declines 18% YoY to Rs 201 crore; revenue drops 17%

Adani Wilmar Q3 Results: Adani Wilmar reported an 18% YoY drop in Q3 FY24 profit at Rs 200.9 crore. The company achieved the second-best EBITDA till date of Rs 504 crores in Q3. The revenues from branded products in the domestic market have been growing at 40%+ YoY. Adani Wilmar is focusing on scaling up its General Trade distribution network to realize the immense opportunity in packaged staple foods.

Adani wilmarCastor oleochemicalAngshu mallickGeneral tradeAdani wilmar q3 resultsAdani wilmar q3 results todayAdani wilmar q3 earningsAdani wilmar q3 patAdani wilmar q3 revenueAdani wilmar share price

Adani Wilmar Q3 profit declines 18% YoY to Rs 201 crore; revenue drops 17%, ET Retail

Adani Wilmar Q3 Results: Adani Wilmar reported an 18% YoY drop in Q3 FY24 profit at Rs 200.9 crore. The company achieved the second-best EBITDA till date of Rs 504 crores in Q3. The revenues from branded products in the domestic market have been growing at 40%+ YoY. Adani Wilmar is focusing on scaling up its General Trade distribution network to realize the immense opportunity in packaged staple foods.

Adani wilmarGeneral tradeAdani wilmar q3 resultsAdani wilmar q3 results todayAdani wilmar q3 earningsAdani wilmar q3 patAdani wilmar q3 revenueAdani wilmar share priceAdani wilmarAngshu mallick

Adani Wilmar Q3 Results: Profit dips 18 4% at Rs 200 89 crore, revenue down 16 9% on lower product pricing

Adani Wilmar Q3 Results: Profit dips 18 4% at Rs 200 89 crore, revenue down 16 9% on lower product pricing
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Angshu mallickCastor oleochemicalAdani wilmarAdani wilmar limitedGeneral tradeSouth india

Adani Wilmar Q3 PAT, revenue down on lower price realisation

Adani Wilmar Q3 PAT, revenue down on lower price realisation
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Angshu mallickAdani wilmarAdani groupGeneral trade