India s ITC
reported a smaller-than-expected rise in its
second-quarter profit on Thursday, as the consumer goods major
grappled with stiff competition from smaller rivals and higher
prices of some.
FMCG companies had largely reported double-digit revenue growth in the same quarter last fiscal due to the price hikes taken on back of raw material inflation.
India s Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in.