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Aditya Birla Group's Novel Jewels set to take on Tata's Tanishq

Billionaire Kumar Mangalam Birla-led conglomerate takes a shine to branded gold jewellery as the sector transitions from being largely unorganised to an organised play ....

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Amul s FMCG Makeover - BW Businessworld

Amul s FMCG Makeover - BW Businessworld
businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.

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Near-term outlook remains strong for India's listed paint companies

The 2022-23 (FY23) January-March quarter performance of the country s largest listed paint companies was better than Street expectations.

Asian Paints, Berger Paints, and Kansai Nerolac Paints (Kansai Nerolac) registered double-digit revenue growth, compared with the year-ago quarter, reinforced by strong volume/value growth.

Falling raw material prices also helped the paint majors hoist their gross margins. ....

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Margin expansion ahead for Colgate; brokerages await demand revival signs

The stock of Colgate-Palmolive (India) surged after the company delivered a better than expected operating performance for the March quarter of the 2022-23 financial year (Q4FY23) recently.

The stock, however, has given up most of these gains over the last one week as the Street awaits recovery in the core toothpaste segment and sustained recovery in market share.

The country s largest listed oral care company posted a gross margin expansion of 100 basis points (bps) on a sequential basis to 66.9 per cent, led by pricing and efficient sourcing. ....

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FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

FMCG companies are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressures softening on key raw materials for everything from soaps to food items. ....

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