Latest news with #SharleenDsouza
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Business Standard
3 days ago
- Business
- Business Standard
'Business as usual': M&M to Dabur, Indian firms brush off Türkiye tensions
None of the Indian firms - including Jubilant FoodWorks, Mahindra & Mahindra, and Dabur India - responded to emailed requests for comment Sharleen Dsouza Gulveen Aulakh Dev Chatterjee Mumbai Listen to This Article Even as New Delhi turns up the heat on Turkish firms over Ankara's public embrace of Islamabad, Indian companies rooted in Türkiye are staying put. Mahindra & Mahindra (M&M), Dabur India, and Jubilant FoodWorks say it's business as usual, with no plans to alter course despite the geopolitical chill. Jubilant FoodWorks, which operates the Domino's Pizza franchise and its own coffee chain Coffy in Türkiye, said it remains committed to expansion. The company currently runs 746 Domino's outlets and 160 Coffy stores in the country, with plans to open 30 more Domino's and 50 Coffy locations, according to remarks made
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Business Standard
4 days ago
- Business
- Business Standard
Reliance Consumer develops a sweet tooth chasing bittersweet growth
Though present in biscuits and namkeens, its immediate priority is grabbing a share of the Indian consumer's pocket change - via candies, chocolates, and toffees Sharleen Dsouza Mumbai Listen to This Article Reliance Consumer Products is in a sweet spot – and it intends to stay there. Launched barely three years ago, the company has already entered the list of India's top 10 fast-moving consumer goods (FMCG) players by revenue in the 2024-25 financial year (FY25). After making headlines by acquiring Campa Cola in 2022 — and taking the brand overseas in under two years — Reliance Consumer Products quickly expanded into food and non-food categories under the 'Independence' brand. Now, it has trained its sights on a new frontier: Confectionery. This marks the company's third major focus area after gaining traction
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Business Standard
6 days ago
- Business
- Business Standard
Indian consumer rapidly evolving due to aspirations, tech: HUL chief
'New dynamics a significant opportunity' for FMCG sector, says Nitin Paranjpe Sharleen Dsouza Mumbai India's economic development, technology and aspirations create 'significant opportunity' for the consumer goods sector, said Nitin Paranjpe, chairman of Hindustan Unilever (HUL), in a letter to shareholders in the company's annual report for FY25. India is set to deliver strong and consistent growth due to increasing affluence, a burgeoning middle class, a vibrant young working population empowered by a strong public digital backbone, and growth-oriented policies, he said. 'Economic development, technological advancements and a better quality of life have fuelled the aspirations of our consumers. These new dynamics present a significant opportunity for the FMCG (fast-moving consumer goods) sector,' he said. HUL is well-positioned to meet the evolving needs of the aspiring Indian and its strategy is 'clear, future-focused and rooted in creating value for all our stakeholders'. 'In the financial year 2024-25, the business witnessed a challenging operating environment with uneven weather patterns, volatile commodity prices and muted consumer demand.' 'Against this backdrop, your company, Hindustan Unilever, has delivered a competitive and profitable performance by navigating short-term volatility while continuing to invest for the long term. We remain confident that the future holds a host of exciting opportunities,' he said. For the 'digital native consumer', the company has adopted a social-first approach in its marketing and creating engaging content. 'We are strengthening our presence in channels of the future with a focus on Future Core and Market Maker portfolio. In fact, we are deploying the Winning in Many Indias (WiMI) 2.0 approach to reach our consumers. WiMI 2.0 is based on the understanding that consumers across the economic pyramid will have varied interests and expectations, including what they buy and where they shop,' he added. HUL is building 'distinctive moats' that will help it thrive in the future. The company is leveraging its global repertoire of technology and innovation to bring science-backed products to consumers. 'Armed with our new strategy anchored around sharper portfolio choices, excellence in new demand drivers, acceleration of moats as well as the pillars of a winning culture and focused actions on sustainability, we are ready to serve the needs and leverage the opportunities of an evolving India. We believe that in partnering (with) the nation, we are well-placed to deliver growth in the future,' said Paranjpe.
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Business Standard
22-05-2025
- Business
- Business Standard
India may become biggest natural diamond market: De Beers Group CEO
What we see at the moment is that as Indian consumers become more independent, have more freedom, they're choosing to buy diamond jewellery as symbol of that independence and symbol of their success Sharleen Dsouza Mumbai Listen to This Article De Beers Group has doubled down on its marketing spend in India for natural diamonds this year, which will be the highest in the last decade. In an exclusive interview, Al Cook, chief executive officer, De Beers Group, talks to Sharleen D'Souza about doubling down on the company's support for the Indian natural diamond jewellery market. Edited excerpts: What will drive growth for the natural diamond market in India, as you expect the market to double by 2030? We're seeing extraordinary growth in the Indian economy at the moment, and the rise in per capita income between now and 2030
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Business Standard
18-05-2025
- Business
- Business Standard
Perfetti Van Melle India aims for Rs 4,000 crore revenue in FY26
After closing FY25 at Rs 3,500 crore, the confectionery maker expects FY26 to be stronger, driven by improved demand, distribution depth and product mix shifts Sharleen Dsouza Mumbai Listen to This Article After closing FY25 at Rs 3,500 crore, Perfetti Van Melle India expects to close FY26 at Rs 4,000 crore on the back of double-digit growth, as the company anticipates improved demand compared to the previous financial year. 'Last year (FY25) was tough for us and for the whole industry. We had a couple of great years in 2022 and 2023 and we still haven't seen the kind of consumer demand of those two years come back,' Nikhil Sharma, Managing Director, Perfetti Van Melle India, told Business Standard. He explained that there are other growth levers the confectionery maker
