The new funding will support Wheelocity’s plans to expand operations across 20,000 towns and villages in southern India over the next year, aiming to reach a user base of 10 million.

India's consumer price inflation likely surged to a 14-month high in October, driven by soaring vegetable and edible oil prices. Economists predict inflation hit 5.81%, just below the central bank's 6% tolerance limit. A weak rupee and rising global commodity prices add to inflationary pressures, potentially delaying anticipated interest rate cuts.

Furnishka will use the new capital to advance product design and development, strengthen manufacturing and supply chain capabilities, and expand to new geographies. The company will also expand its product categories focused on premium living room, dining room and bedroom collections, open six large-format stores, and create educational content to guide customers.

Commenting on Q2 performance, Stove Kraft's managing director Rajendra Gandhi said, “With positive market momentum supporting us, we remain committed to driving volume and value growth in revenue and margins in the upcoming quarters." He further said that ​​the company's expansion of Pigeon outlets through the COCO and COFO model has been promising. During this quarter, the firm added 22 new stores, bringing our total to 213.

Akzo Nobel India reported a 14% increase in net profit to Rs 108.7 crore in the fourth quarter, driven by higher demand from the automotive sector. Despite muted retail demand due to higher rainfall and price hikes, the company's revenue from operations rose 3% to Rs 9.82 billion.

Parag Milk Foods reported a 15.9% rise in consolidated net profit, reaching Rs 29.21 crore in the second quarter ending September 2024. This compares to Rs 25.19 crore during the same period the previous year. The company saw a 10% volume growth and a 9% value growth. Total revenue from operations increased by 9.2% to Rs 871.

Coca-Cola India's consolidated profit plummeted by 41.82% to Rs 420.29 crore in FY24, despite a 4.24% increase in revenue, reaching Rs 4,713.38 crore. The company's advertising and sales promotion expenses surged by 35.47% to Rs 1,520.21 crore, while royalties paid to its US parent company also rose.

Despite severe air pollution in Indian cities, particularly in Delhi-NCR, the market for air purifiers and anti-pollution personal care products remains small. Consumers perceive limited tangible benefits and sales spike only during peak pollution periods. While some growth occurs after Diwali, the overall market remains stagnant, with some companies exiting or scaling back operations.

India's Pidilite Industries , which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.

DOMS Industries Limited reported strong Q1 FY25 results, with a notable 17.3% increase in revenue and 49.5% growth in profit after tax compared to Q1 FY24. The firm saw improved EBITDA and margin performance. The company also announced plans to acquire a majority stake in Unilcan Healthcare to expand its market.

DOMS Industries Limited witnessed a 42.8% surge in consolidated profit after tax, reaching Rs 53.7 crore in Q2 FY25. This growth was fueled by a 19.7% rise in revenue, driven by strong sales in writing instruments, adhesives, and kits. The acquisition of a 51.8% stake in Uniclan Healthcare further bolstered the company's performance.

Page Industries, the company that holds the license for Jockey and Speedo in India, saw its profit increase by 30% in the second quarter. The company's profit reached 1.95 billion rupees. This growth was driven by higher sales of premium athleisure wear. Despite a general slowdown in consumer spending, demand for these products remained strong.

Beauté Secrets, a D2C beauty tools firm, has secured Rs 1.6 crore in debt from Velocity to expand its presence on quick commerce platforms and introduce new products. Founded in 2010, the company plans to enter major retail outlets and launch new beauty tools, leveraging its sustainable profits for growth and expecting a festive season boost.

Claypond Capital, Manipal Group chairman Ranjan Pai’s family office, also participated in funding for the health and wellness startup, formerly known as Healthifyme. To date, the company has raised $125 million in primary equity.

Grooming products maker Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India.

Revenue from operations in the reporting period rose 24% year-on-year (YoY) to Rs 1,875 crore. The company posted an EBITDA growth of 29% YoY to Rs 104 crore in the reporting quarter, while margins improved 18 bps to 5.5%.

The IPO of Brainbees Solution, known for its kidswear brand FirstCry, will open on August 6. It comprises a fresh issue of Rs 1,666 crore and an OFS of up to 5.4 crore shares. The anchor investor round will commence on August 5, a day before the IPO. The price band will be announced later in the week, as per the company's red herring prospectus RHP filed with Sebi.

Baby food startup Bebe Burp shared that it will utilise 60 per cent of the fund for growth, 20 per cent for operations, 10 per cent for product development, and the remaining for team building for a coherent production.

According to a circular upload on BSE, Brainbees Solutions allotted 4.05 crore equity shares to 71 funds at Rs 465 apiece, which is also the upper end of the price band. This takes the transaction size to Rs 1,886 crore. The IPO, with a price band of Rs 440-465 a share, will open for public subscription on August 6 and close on August 8.

Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari.