From Reliance to Unilever, firms worried about low consumer demand in India

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At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd.

India’s festival season demand so far is showing a “mixed picture,” Reserve Bank of India Governor Shaktikanta Das said on Monday.

Revenue from operations for Reliance’s retail unit, India’s largest retailer and part of billionaire Mukesh Ambani’s conglomerate, slipped 3.5 per cent for the quarter ended Sept.30 — a fall it attributed partly to weak demand for fashion and lifestyle products.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Q2 earning Reliance Retail Reliance Q2 results RIL Maruti Suzuki Consumer demand Unilever

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 06:59:48 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1009 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23343857

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