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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In the last two years, the iconic textile brand’s owner has managed to steer the company clear of a precipice. Do his growth bets now pose a threat to its dream run?
Two years ago, Raymond resembled an overloaded truck hurtling down a hill. We had then said that India’s best-known textile brand was “in the most precarious position it has ever been in its 96-year history”. Today, it looks more like a sleek car that its chairman and managing director Gautam Singhania is often seen driving.
The numbers bear this out. In the financial year 2022-23, Raymond’s revenue grew 31% over the previous year to Rs 8,337 crore and its net profit came in at Rs 529 crore, a jump of 103%. The stock too has done well and is, …
The FMCG company has turned to Aasif Malbari for a reset, but a sluggish core, weak traction in new bets and tight promoter control remain hurdles.
India’s packaged goods makers must either raise prices or switch to an alternative—both options with their fair share of pitfalls.
The Godrej Group is pinning its hopes on the new Goodknight anti-mosquito incense sticks to revitalize the biggest brand of its flagship firm. The markets are excited, but is the product worth the hype?
