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• Marico consolidated PAT rises 5% YoY to Rs 320 crore in Q4 FY24

  Marico Q4 Results: Marico reported a 5% YoY rise in Q4 net profit to Rs 320 crore. Revenue increased by 1.7% to Rs 2,278 crore. Full-year net profit grew 16% YoY to Rs 1,502 crore. Standalone PAT was at Rs 229 crore.

  

• Welspun Living appoints Naiyya Saggi as independent director

  Naiyya Saggi will serve her first term as an independent director for four years, ending on April 24, 2028. ​​With a career spanning an experience of 16 years, she is the founder of BabyChakra and currently Group co-founder and president of The Good Glamm Group, a digital-first beauty and personal care conglomerate.

  

• Lab-grown diamond exports expected to grow by 7-9% in FY25: Report

  The Lab-grown Diamonds (LGDs) exports are set to rebound in FY25, with an expected growth of 7-9% to reach around US$1500-1530 million, as per CareEdge Advisory. Despite recent declines due to falling prices, LGD demand is poised to increase due to factors like cost-effectiveness and environmental sustainability, with India emerging as a key player in the global LGD market.

  

• Indian retailer Arvind's Q4 profit rises on stable textile demand

  The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit rose to 990.3 million rupees ($11.9 million) from 970 million rupees a year earlier.

  

• Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock

  Agritech firm Poshn will use the capital to build its innovative stack of solutions that address the gaps in the system, and expand to global markets with imports and exports in profitable categories to Southeast Asia and the Middle East.

  

• Fresh From Farm raises USD 2 million in pre Series A

  The allocated funds will be utilised for team expansion, tech enhancement, and to introduce new product lines.

  

• Kansai Nerolac reports higher profit for fifth straight quarter

  Revenues at India's third-largest paintmaker by market capitalisation rose over 2% to 17.69 billion rupees, while a rise in input costs helped total expenses tick 1.7% higher.

  

• Millennial, Gen Z homes spur Q-commerce growth

  In the past one year, half the new customers that we have added are all pure play quick commerce customers, who often do not make planned purchases and end up buying 4-15 times a month from our platform,” said Seshu Kumar Tirumala, chief buying and merchandising officer at BigBasket. Goldman Sachs said Blinkit's implied valuation - estimated at $13 billion - is now higher than that of parent Zomato's core food delivery business, indicating the rapid growth of the segment.

  

• Vivo money laundering case: Delhi court grants bail to 3 accused

  Additional Sessions Judge Kiran Gupta granted the relief to Bhupinder Kaur, Gagandeep Singh and Weigang Wang in an order passed on May 1.

  

• Influencer marketing may have a gender mismatch

  Cosmetics and beauty brands are reevaluating influencer marketing strategies due to a gender mismatch in followers, leading to budget wastage. Beauty and fashion attract numerous influencers, especially on Instagram and YouTube.

  

• For sunflower oil refiners, volume to dip by 8-10% but operating margin likely to recover in FY25

  Indian refined sunflower oil volumes in FY25 are expected to decline by 8-10%. Consumers are shifting back to soybean oil, leading to a forecasted profitability growth. Sunflower oil demand is influenced by palm oil and soybean oil prices.

  

• Record-breaking election spending set to ignite rural demand, feel experts

  "We expect the economy to bounce back on multiple counts in the backdrop of the election. First, anticipation of a good monsoon is expected to boost the rural economy. Secondly, with the softening of raw material prices, while companies are gearing up to pass on the benefits to the consumers, they will also invest more in brand building. The combination of these will definitely push the demand for the FMCG sector up," said Emami Wholetime Director & Vice Chairman, Mohan Goenka.