Business

Orkla India, a leading player in the fast-moving consumer goods (FMCG) segment, has mobilized Rs 500 crore from anchor investors ahead of its highly anticipated initial public offering (IPO). The strong anchor book participation reflects investor confidence in the company’s growth prospects, brand portfolio, and financial stability. Backed by its parent company Orkla ASA of Norway, the IPO marks a key milestone in the group’s India growth strategy.

In a move that underscores growing investor confidence in India’s consumer-tech sector, SBI Mutual Fund has participated in eyewear major Lenskart’s pre-IPO funding round. The investment comes as the company readies itself for a much-anticipated stock market debut, expected to value it among the country’s leading direct-to-consumer (D2C) brands.

Ponni Sugars has reported a robust 26% increase in its second-quarter net profit, reaching Rs 14.56 crore, driven by higher sugar sales and improved operational efficiency. The company’s revenue also registered a notable uptick, supported by steady domestic demand and strategic pricing measures. Analysts attribute the performance to favorable market conditions, efficient cost management, and enhanced capacity utilization. The results underscore Ponni Sugars’ resilience amid fluctuating commodity prices and operational challenges.

Maruti Suzuki India Ltd. has achieved a major milestone by exporting 1 lakh units of its compact off-roader, the Jimny, underscoring the automaker’s growing global presence and production strength. Manufactured at its Gurugram facility, the Jimny is exported to over 100 countries, including regions across Latin America, Africa, and the Middle East. The success of this model reinforces Maruti Suzuki’s position as a key export hub within the Suzuki Motor Corporation network.

Hindustan Unilever Ltd. (HUL), India’s largest fast-moving consumer goods (FMCG) company, is preparing for a volume-driven recovery in the second half of FY25 as price growth moderates amid easing inflation. With consumer demand stabilizing and rural markets showing early signs of revival, HUL’s strategy now centers on driving sales through volume expansion, innovation, and premiumization. The company expects steady growth across home care, personal care, and food categories, supported by improved affordability and a softening cost environment.

Choice International Ltd., a diversified financial services group, has reported a significant expansion of its assets under management (AUM) to Rs. 635 crore, achieved primarily through a series of strategic acquisitions. This milestone underscores the company’s commitment to strengthening its wealth management and advisory verticals amid rising competition in India’s financial services sector. The acquisitions have not only accelerated growth but also enhanced Choice International’s client portfolio, operational capacity, and market reach.

Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced its official entry into the United Kingdom through a strategic distribution partnership with MotoGB Limited. This move marks a significant milestone in the company’s global growth strategy, expanding its presence into one of Europe’s most competitive motorcycle markets. The collaboration aims to leverage MotoGB’s established dealership network and market expertise to introduce Hero’s advanced range of motorcycles and scooters to British consumers.

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic collaboration with Kotak Mahindra Bank and Primus Partners to bolster India’s startup ecosystem. The alliance seeks to enhance access to finance, mentorship, and strategic advisory services for emerging entrepreneurs.

Maruti Suzuki has unveiled its latest offering, the Victoris SUV, marking a significant entry into India’s booming compact SUV market. Designed to appeal to urban and semi-urban consumers, the Victoris combines modern design, advanced safety features, and fuel-efficient powertrains. Industry analysts anticipate strong consumer adoption, citing the vehicle’s competitive pricing, Maruti Suzuki’s brand trust, and rising demand for versatile SUVs.

India’s sports utility vehicle (SUV) segment continues to expand, driven by rising disposable incomes, urbanization, and shifting consumer preferences toward versatile and premium vehicles. Industry reports indicate a robust year-on-year sales increase, with both compact and mid-sized SUVs leading demand. Manufacturers are responding with new launches, localized production, and enhanced features to cater to aspirational buyers.