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• Consumer robotics startup Milagrow eyes Rs 100 crore revenue in next 3 years

  Amit Gupta, vice president at Milagrow said, "Our focus is on developing innovative products that not only enhance convenience but also deliver exceptional value for money." "By leveraging collaborative R&D with offshore companies, we are creating robots specifically designed for the Indian market, featuring capabilities like conversing in six vernacular languages," Gupta added.

  

• Intrinsic opportunity for jewellery business very strong: CK Venkataraman, Titan Company

  ​The businesses like eyecare in the last few months have really picked up and we are very bullish on those as well. Taneira continues to do well, international business is doing well. So, from a growth side, everything is really doing well and we just need to execute to generate the profit growth. We are all committed to that and we will know when the results actually come out, of course.

  

• 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.

  

• Wildcraft invests Rs 80 crore to open greenfield warehouse spreading across 3.5 lakh sq ft

  Over the next 18-36 months, the brand plans to further invest Rs 40 crore in expanding its production capacity next to this warehouse unit.

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• 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.

  

• We would be aiming towards double digit volume growth; post elections it will be slight inflationary, says Britannia's Varun Berry

  "On the commodity situation, the crop seems to be fine as far as wheat is concerned and the government holding has been reasonably low and there will be government buying. Beyond the election, I think it will be slightly inflationary," Berry told analysts. "Post election and post monsoon, I would think we would be aiming towards double digit volume growth."

  

• 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.

  

• Business is growing; my personal life doesn't concern anyone: Gautam Singhania

  Gautam Singhania, chairman and managing director of fabric and apparel major Raymond, has emphasized that his personal life has no bearing on his businesses, which have shown significant growth and transformation during the pandemic. Singhania, 58, is currently embroiled in a settlement dispute with his estranged wife Nawaz Modi Singhania, 54, following their separation announcement in November.

  

• Delhi Spice Scam: 15 Tonnes of adulterated masalas seized, 3 arrested

  Delhi Police has seized 15 tonnes of spurious spices from two factories in Karawal Nagar, arresting three individuals involved in the production and supply of adulterated spices. The suspects were found using banned substances and non-edible items in the manufacturing process, endangering public health and safety. Investigations revealed a scheme to profit by producing fake spices, prompting legal action and ongoing efforts to safeguard food quality.

  

• 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.

  

• Go Fashion (India) looks to open 120-150 new stores in FY25

  Go Fashion was also exploring 'omnichannel strategies' leveraging technology to offer physical and online shopping experiences, expanding reach to consumers in various cities. "During FY24, our company achieved a growth of 15 per cent year-on-year in revenues to Rs 763 crore. EBITDA stood at Rs 242 crore witnessing a growth of 14 per cent year-on-year. Our PAT for FY24 stood at Rs 83 crore which was flat on a year-on-year basis," Saraogi said.

  

• 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.

  

• From powders to liquids: Competition heats up in liquid cleaners market in India

  India's market sees a surge in liquid cleaners' popularity, driven by ecommerce growth and competition among top companies like HUL, ITC, and Colgate. The trend towards premium, differentiated products reflects changing consumer preferences and aspirations.