Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.
Author: Mansi Jaswal
Hyundai India’s profit declines 16.5% to Rs 1,337 crore, sells 3.84 lakh units in Q2
In the mid to long term, Hyundai has anticipated a sustained demand momentum in the auto industry. The company said it will continue to focus on quality of growth by maintaining an optimum balance between volume, market share and margins
Gig economy booms: 1.2 million roles posted in festive season 2024
In 2024, gig worker demand surged by 10 percent, pushing the total demand to 22 percent compared to 2023
Britannia’s profit declines by 10% in Q2 FY 25; ‘Committed to investing in brand dev,’ says MD Varun Berry
On a standalone basis, Britannia’s net profit reduced by nearly 10 percent to Rs 514.41 crore in Q2 FY 25. The revenue from operations surged to Rs 4,500.84 crore
Rural India embraces digital media; 47% adopt hybrid model: Report
According to Kantar & GroupM Rural Barometer Report 2024, 47 percent of the rural population of the country has adopted a hybrid model of consuming media content fueled by affordable internet and better digital infrastructure.
‘Brand is built by product, not by pricing’: Ola boss Bhavish Aggarwal
According to the Q2 earning call of Ola Electric, the gross margin for the auto segment stood at 20.6 percent flat on a quarterly basis whereas year-on-year basis it was 12 points up
More sparkle for less: Lab-grown diamonds transform wedding jewellery choices in India
Indians are warming up to lab-grown diamonds for weddings. While the country’s gems and jewellery market is close to $80 billion, only 5 percent market share is in diamond jewellery.
Emami’s ad spend drops 35.45% in Q2, net profit rises 30.8%
The maker of Zandu, Navratna, and other personal care brands booked a profit of Rs 214.10 crore in Q2 FY 25 compared to Rs 163.58 crore in the corresponding quarter of last fiscal year.
IT firms report stable attrition in Q2, paving way for campus hiring surge in FY 25
Infosys observed 12.9 percent of voluntary attrition in Q2 FY 25 in the last twelve-month period (LTM) compared to 12.7 percent in the June quarter
Private FMs’ news struggle | RMG operators go offshore | Xiaomi India’s President steps down
Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.