New FMCG Billionaires Pack A Punch
Homegrown brands take to diversification, digitisation to clock impressive numbers.
Homegrown brands take to diversification, digitisation to clock impressive numbers.
The FMCG baron has broken into the ₹1 lakh crore club on the back of growth momentum in Varun Beverages and Devyani International.
Beverage maker's revenue grows 28.3% YoY to ₹7,196.8 crore in Q2 CY2024 compared to ₹5,611.4 crore in year-ago period
According to the company, the acquisition will enable Varun Beverages to expand its geographical footprint in Africa.
The company’s revenue from operations surged by 21.8% year-on-year to ₹3,870.52 crore as against ₹3,2483.05 crore in the same period last year.
Promoters from the sector see a decent rise in their net worth despite a tough year.
Dalal Street is headed for a positive start on Thursday, while traders are expected to roll over their positions ahead of expiry of F&O contracts due today.