Page 24 of FMCG

Bikaji Foods, Q1FY24, quarter results, profit, revenue, EBITDA, outlets, cost management, distribution network, focus markets

Monsoon forecast lifts FMCG, auto firms’ hopes of rural consumption

While the El Nino impact could be felt in the second half of the monsoon season, the IMD said that…

April 12, 2023 05:30 IST

FMCG, consumer spending, global inflation, consumption, growth, snacking category, convenience sector, Cold drinks sector, brands, urban household, discretionary spends

FMCG in India more resilient than global firms; these categories to drive growth, price rise concerns remain

“While global inflation, wars in other parts of the world and geopolitical issues are having a ripple effect on economies…

April 10, 2023 16:22 IST

Speciality Restaurants bets big on AI, aims at Rs 1,000 crore revenue in 5 years

The multi-brand restaurant chain’s standalone net profit in the first half of (April-September) FY’23 stood at Rs 27.67 crore from…

Updated: April 10, 2023 14:33 IST

FMCG, godrej consumer products, reliance retail, competition, modern retail, private labels, revenue growth, inflation, pricing, value growth

Unfazed by competition from Reliance, expect broad-based growth in FY24, says Godrej Consumer Products

“We have seen multiple disruptions in the FMCG sector. In 2005-06 every one said that modern retail would take the…

April 10, 2023 10:31 IST

FMCGs to witness robust consumption growth in Q4 as inflation eases

Company updates as well as Bizom data point to double-digit growth in sales for the quarter; gross margins likely to…

Updated: April 8, 2023 09:48 IST

FMCG, commodity prices, inflation, consumption, commodity inflation, demand, volume growth, rural demand, government spending, revenue, EBITDA growth

FMCG cos expect easing commodity inflation to help boost consumption

Inflation continued to cool off for most of the commodities and gross margins for its India business are expected to…

April 7, 2023 16:39 IST

Reliance Retail ropes in former Amul MD RS Sodhi to drive grocery business

RS Sodhi will likely help Reliance Retail to build on the growth of its grocery vertical, especially in the fruits…

April 5, 2023 14:59 IST

Wipro, sales, Wipro Consumer Care and Lighting, FMCG, lighting products, Santoor, homecare, growth

Wipro Consumer Care and Lighting FY23 sales cross Rs 10,000 crore

The domestic FMCG business grew 17 per cent for the financial year ended March 31, 2023, the company, part of…

April 5, 2023 09:11 IST

CCI, acquisition, approval, Concentrix Corporation, Marnix Lux, customer experience services

Demerger of Haldiram’s FMCG biz gets CCI nod; existing shareholders to get stake in new co housing FMCG ops

Once completed, the demerger will lead the existing shareholders of HSPL and HFIPL to acquire 56 per cent and 44…

April 4, 2023 11:17 IST

Nestle India, Q2FY24, June quarter, dairy products, FMCG, profit, revenue, EBITDA, key brands, Maggi, KitKta, Nescafe

Nestle eyes $1 billion deal to acquire ‘Ching’s Secret’ owner Capital Foods in India

Capital Foods makes the Ching’s Secret brand of spicy noodles and fusion chutneys infused with so-called “desi Chinese” flavors. It…

March 31, 2023 08:07 IST

Reliance, FMCG, soft drinks, price war, personal and home care segment, performance, distribution network, price point, telecom sector, investment, retail, mom & pop stores

Soft drinks to soaps: Reliance unveils big price war plan

Products of RCPL, the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), are available only in selected…

March 27, 2023 14:48 IST

Nestle, sales, R&D, growth, Kitkat, Munch, chocolates, India business, expansion, digital campaign, pricing, distribution, healthy range, domestic sales, FMCG, inflation

How many KitKat chocolates did Nestle sell in 2022? Here’s what it did to drive India business growth

Nestle said in its Annual Report 2022 that its ‘popular and affordable’ Munch chocolate has continued to attract new consumers…

March 24, 2023 12:53 IST

Rating: add; ITC – Good progress across businesses

Multiple business units across different sectors are performing well

March 21, 2023 00:10 IST

FMCG, summer season, demand surge, sales surge, production capacity, snacking products, beverages, ready-to-eat packages, rice, travel packs, consumption, glucose, family pack, rural demand, urban market, supply chain, inventory, consumer products

FMCG cos expect 5-15% surge in summer sales; which items sell the most, who will buy

While cold beverages and ice-creams are the most popular categories during the summer season, brands are betting on snacking foods,…

March 20, 2023 17:20 IST

Kellogg, snack business, cereal, packaged food, packaging, rebranding, employees, independent companies, split, plant-based meat

Kellogg snack business to be named ‘Kellanova’ after cereal unit spin-off

Kellogg Co’s global snacking business will be called “Kellanova” following the spin-off of its North American cereal unit. The company…

March 16, 2023 17:06 IST

Bikano, export market, sales, frozen products, growth, international markets, expansion strategy, investment

Bikano targets Rs 1,800 crore turnover for FY24, focuses on expansion in North & East regions

“The company has invested Rs 400 crore for the establishment of its new project in Greater Noida and aims to…

March 15, 2023 09:41 IST

Reliance, Reliance Retail, Campa Cola, launch, Indian flavours, FMCG, beverage, product portfolio

Campa Cola is back: Mukesh Ambani’s Reliance Industries relaunches iconic Campa in 3 flavours

Reliance Industries had acquired the Campa business earlier last year, in 2022, for Rs 22 crore. Campa is being launched…

March 9, 2023 16:43 IST

FMCG, PepsiCo India, food, beverage, rural market, demand, digital penetration, inflationary pressures, revenue growth, product portfolio, distribution, omnichannel channel, consumer experience, summer season, Union Budget 2023

PepsiCo India’s early summer bet for 2023 sales; Pepsi, 7UP, Mirinda, Mountain Dew sales to beat the heat

“We’re excited about what an early onset of summer could signify for the beverage sector in 2023. We are optimistic…

March 7, 2023 20:19 IST

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Business9 min ago

Indian IT sector set for steadier quarter with TCS, HCL Technologies, Persistent Systems, and Tech Mahindra announcing results. Kotak Institutional Equities expects 0.2-6% sequential growth and steady margins. Concerns include H-1B visa rules and impact of weak rupee. Focus on TCS’s planned layoff of 12,000 employees and Infosys’s expected 1.8% growth.

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