Storyboard18 brings you top five news updates from the world of advertising, marketing and business of brands.
Author: Mansi Jaswal
Mamaearth-parent firm Honasa Consumer reports loss of Rs 18.57 crore, sales down 7%
Honasa Consumer’s total income stood at Rs 481.84 crore in Q2 FY 25- down 4,24 percent. The company’s expenses were up by 9.1 percent to Rs 506.21 crore in the same period.
Mercedes-Benz India CEO pushes for auto export boost, advocates ‘Make for the World’ policy
Mercedes-Benz India CEO Santosh Iyer suggested a policy that focuses not just on “Make for India” but “Make for the world” as well
Slowdown in urban is temporary, just the way rural was: HUL CEO Rohit Jawa
‘We will continue to build products that upgrade the quality of life and the price and value that suits the Indian pocket,’ HUL CEO Rohit Jawa said.
Physics Wallah appoints Blinkit’s Amit Sachdeva as CFO
Amit Sachdeva is a Chartered Accountant from the Institute of Chartered Accountants of India and a Certified Public Accountant in the USA.
Godrej Industries reports 229% rise in profit to Rs 288 crore in Q2 FY 25
The Godrej Consumer Product Limited (GCPL) registered consolidated sales of Rs 3,647 crore and the EBITDA grew by 8 percent year-on-year
CAIT sounds alarm on quick commerce’s impact on kirana stores
CAIT said that Zepo, Blinkit, and Instamart have received a massive FDI inflow of more than Rs 54,000 crore to control logistics, warehouses, inventory, and delivery systems
RK Swamy’s net profit declines by 62% to Rs 2.13 crore in Q2 FY25
The revenue from operations of the company reduced to Rs 65.61 crore lakh in Q2 FY 25 from Rs 79.7 crore in the corresponding quarter last fiscal.
Star India incurs Rs 12,548 crore net loss in FY24, cites ICC contract as reason
Star India’s operating revenue reduced by more than 6 percent to Rs 18,587 crore in FY 24 from Rs 19,812 crore in FY 23
Mondelez India ad expenses rise by 14.8% to Rs 1,603.15 crore in FY 24
Total expenses of Mondelez India were 11.9 per cent higher at Rs 11,080.72 crore in FY24