CONSUMERS
Health food brand Anveshan raises Rs 48 crore from Wipro Consumer Care Ventures, others
Health food brand Anveshan has raised Rs 48 crore in a round led by Wipro Consumer Care Ventures. The Gurugram-based startup will use the funds to expand manufacturing, strengthen its supply chain, and boost branding. Founded in 2020, Anveshan offers traditionally made, minimally processed foods and targets Rs 500 crore in future revenue.
Govt acts tough on service charges on restaurant bill: Fiesta by Barbeque Nation, Chaayos and another 3 eateries asked to refund money
Service charge: Central Consumer Protection Authority (CCPA) takes suo moto cognizance against 5 Delhi Restaurants for non-refund of service charge on restaurant bill. The 5 Delhi restaurants are: Chaayos, Fiesta by Barbeque Nation, Makhna Deli, Xero Courtyard, Castle Barbeque. The Ministry of Consumer Affairs have ordered these restaurants to issue refunds of service charge to the customers.
Short-term challenges for IT and Metals, but consumer and financial sectors offer upside: Rana Gupta
Rana Gupta of Manulife Investment suggests India's financial markets are navigating a volatile period. The next 90 days are crucial as global trade rebalances. While tariff finality may come, corporate adjustments will bring uncertainty. Sectors like IT and metals face headwinds. Consumer and financial sectors may see revival due to policy support and lower crude oil prices.
Unilever, Reliance see signs of consumer demand revival in India
India's urban shoppers are showing signs of increased demand, potentially offsetting trade negotiation volatility with the US. Hindustan Unilever anticipates improved demand driven by macroeconomic tailwinds, while Reliance Retail reports a profit jump. These positive indicators suggest a possible end to a year-long economic slowdown, supported by government initiatives and a favorable monsoon forecast.
Food delivery can be cheaper if we have access to consumer data: NRAI’s Sagar Daryani
Daryani said that the marketing funnel can be much better if the customer data is known to the respective brands.
SC upholds validity of provisions of Consumer law fixing pecuniary jurisdiction bar
The Supreme Court upheld the constitutional validity of key provisions in the Consumer Protection Act, 2019, which define the monetary limits for filing cases in district, state, and national consumer forums. The court ruled that using the amount paid for goods or services (consideration) to determine jurisdiction is lawful and not discriminatory.
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April gloom: Americans brace for economic storm as confidence plunges to 2020 lows, with job market fears echoing Great Recession woes
US consumer confidence has hit its lowest point in five years, sparking fears about the economy as tariffs and rising prices weigh heavily on Americans. The latest data from The Conference Board shows consumer confidence fell to 86 in April, a steep drop blamed on President Trump's new tariffs on imports and goods from China. Worries about a potential recession, job slowdown, and reduced spending are growing fast. With fewer people planning big purchases or vacations, the economy may be slowing down more than expected. Dive into the full story to understand what this means for your wallet and future.
US consumer confidence plunges to lowest in 5 years on tariff worries
American economy faces challenges. Consumer confidence declined for the fifth month. It reached its lowest point since May 2020. Tariffs impacted consumer expectations. Many anticipate price increases. Recession worries are growing among Americans. Economic growth data for the first three months will be released. A slowdown is expected due to reduced consumer spending.
CCPA takes action on 5 Delhi restaurants including Chaayos, Xero Courtyard for not refunding service charges
Central Consumer Protection Authority (CCPA) takes suo moto cognizance against five Delhi based restaurants for non-refund of Service Charge including Makhna Deli, Xero Courtyard, Castle Barbeque, Chaayos, and Fiesta by Barbeque Nation for failing to refund mandatory service charges despite judgment held by High Court of Delhi.
Reliance’s FMCG arm becomes India’s 8th largest in just 2 years, surpassing Marico
Reliance’s FMCG arm has swiftly become India’s eighth-largest, clocking Rs 11,500 crore revenue in FY25. Driven by brands like Campa and Independence, it surpassed Marico and Tata Consumer’s India business. With aggressive expansion, rapid product rollouts, and store rationalisation, Reliance Retail continues reshaping India’s consumer goods landscape, including quick commerce ambitions.
Consumer Affairs Ministry mulls guidelines on labelling 'analogue paneer' in hotels, restaurants
The Consumer Affairs Ministry is contemplating guidelines mandating hotels and restaurants to disclose the use of "analogue paneer" in their dishes. This move follows FSSAI's labeling requirement for manufacturers, aiming to prevent consumer deception.
Father fights against doctor's medical negligence leading to son’s death; SC awards Rs 15 lakh compensation, holds hospital responsible
The Supreme Court held a hospital in Andhra Pradesh liable for a patient's death due to a doctor's negligence. The case pertained to the death of Shivram Prasad's son in Kamineni Hospital in 2006. Eventually, the hospital was fined Rs 10 lakh. According to legal principles, hospitals are responsible for doctors' actions. Read on to know how families can seek compensation through consumer court or civil suits.
DHL resumes global shipments of over $800 to US consumers
DHL Express will resume global business-to-consumer shipments worth over $800 to individuals in the United States following "constructive discussions" with U.S. authorities, the company announced on Monday.
Summer stocks: Will the playbook be different in 2025? 10 stocks that need to be watched in the short term
When it comes to the so-called “summer stocks”, there are two factors to consider: The length of the summer season and the average temperatures during those months. The longer and hotter the summer season, the better the sales of these companies. But is it the same for their stock price?
India shines as key growth market for consumer goods MNCs despite urban slowdown
Despite urban demand softness due to wage stagnation and inflation, India remains a key growth driver for multinational consumer goods companies like Unilever and P&G. Companies like Pernod Ricard and Heineken are also seeing strong performance, driven by premiumisation and volume increases, respectively, highlighting India's resilient market dynamics.
Swipe fest: Credit card spends top Rs 21 lakh crore on consumer demand
India saw a significant surge in credit card spending, reaching a record ?21.16 lakh crore in FY25, marking a 15% increase fueled by robust consumer demand and a shift towards digital transactions. While new card issuances saw growth, some banks experienced declines, and lenders are now prioritizing credit quality and cross-selling strategies.
Reliance Retail's consumer business revenue hits Rs 11,500 cr in FY25
Reliance Retail's consumer business achieved Rs 11,500 crore revenue in FY25. It became the company's fastest-growing sector in India. Reliance is expanding its FMCG presence nationwide with brands like Independence and Campa. Campa gained double-digit market share in key areas. Reliance acquired Velvette and launched Campa Energy and Spinner.
US consumer sentiment remains weak in April on tariffs concerns
American consumer confidence saw a dip in April. This decline marks the fourth consecutive month of weakening sentiment. Concerns about tariffs and potential inflation are the main drivers. The University of Michigan survey reveals worries about the economy. Consumers anticipate weaker income growth. Inflation expectations remain high, reaching levels not seen since 1981. Trade policy announcements influenced these expectations.
Honasa Consumer & HUL settle ad dispute: Lakme sunscreen campaign modified after court intervention
Honasa Consumer and Hindustan Unilever (HUL) have settled their dispute in the Delhi High Court regarding an allegedly disparaging advertisement for Lakme sunscreen. HUL has agreed to modify the ad, removing specific references to Honasa's The Derma Co sunscreen. The court has accepted HUL's undertaking and allowed the modified advertisement to continue.
Upbeat on demand revival, HUL plans to boost investments: MD
Hindustan Unilever plans increased investments to boost volumes despite margin pressure, anticipating improved consumer demand in the coming months. A recent profit dip was reported due to reduced discretionary spending amid inflation. The company expects a demand rebound driven by factors like interest rate cuts and easing inflation, focusing on value for consumers with adjusted margins and ad spending.
Stocks to buy today: Nuvama sees 14% upside in LTIMindtree post Q4 results, raises target for Tata Consumer
Tata Consumer shares: Nuvama maintains a positive stance on Tata Consumer Products and LTIMindtree, with minor revisions to earnings forecasts and target prices.
Tata Consumer shares tumble 4% after reporting Q4 results. Should you invest?
The company’s board has recommended a dividend of Rs 8.25 per equity share for FY 2024-25. If approved at the upcoming 62nd Annual General Meeting, the dividend will be paid on or after June 21, 2025.
Stocks in news: HUL, Axis Bank, Tata Consumer, LTIMindtree, Adani Green
Domestic markets closed higher amidst volatility, with several companies in focus due to Q4 results and news developments. LTIMindtree reported a rise in net profit and revenue, while Bajaj Housing Finance saw a significant profit jump. Adani Green secured a power purchase agreement, and Tata Consumer Products reported a substantial increase in consolidated net profit.
Tata Consumers feel the burn as tea cost inflation in India hurts its profit margins
Tata Consumer Products witnessed a 59% surge in Q4FY25 consolidated net profit, reaching Rs 345 crore. Despite exceeding street estimates, profit was impacted by tea cost inflation in India and higher coffee costs in the US. Consolidated EBITDA declined 1% due to increased input costs, though revenue rose 17% to Rs 4,608 crore.
Tata Consumer Q4 results: PAT jumps 59% YoY to Rs 345 cr; Rs 8.25/sh dividend declared
Tata Consumer Products announced a significant surge in its Q4FY25 performance, reporting a 59% increase in consolidated net profit, reaching Rs 345 crore. Revenue for the quarter also saw a substantial rise of 17% year-on-year, totaling Rs 4,608 crore. The board has proposed a dividend of Rs 8.25 per share for FY 2024-25, pending shareholder approval.
Indian consumer stocks are ready for a rebound: UBS
The brokerage raised its ratings on Hindustan Unilever, ITC, Trent and Colgate to 'buy', while maintaining its 'buy' on Avenue Supermarts (DMart), Godrej Consumer Products and Britannia. UBS' top picks could return between 5% and 22% in the next twelve months
Rural Consumer Confidence Survey reveals optimism in income and spending for 2025
A Reserve Bank of India study indicates that rural Indian households anticipate improved earnings and maintain strong spending sentiment, particularly on essential items. The Rural Consumer Confidence Survey (RCCS) reveals optimism about future income, despite persistent inflation concerns. While inflation perceptions remain elevated, they exhibit a moderating trend, contributing to a positive outlook.
DMart, Trent, HUL among top UBS picks as brokerage bets on consumer sector rebound in FY26
UBS forecasts a strong rebound in India’s consumer sector by FY26, citing easing input costs, fiscal stimulus, and rural wage growth. It names DMart, Trent, and HUL as top stock picks, while upgrading Colgate, GCPL, and ITC. Asian Paints, Dabur, and Jubilant were downgraded due to growth and margin concerns.
India's consumer sector ready to rebound, earnings to grow by 13 pc in FY26: UBS Report
UBS reports India's consumer sector is poised for a strong rebound, projecting a 13% earnings growth in FY26. This recovery is fueled by potential income stimulus like lower taxes and the Eighth Pay Commission, coupled with corrected valuations making consumer stocks attractive.
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