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Goyal Salt to establish Rs 80 cr manufacturing plant in Gandhidham

The Gandhidham facility complements Goyal Salt’s existing operations in Nawa City, where the company’s 15-acre unit handles salt refining. New Delhi: FMCG company Goyal Salt Limited plans to invest Rs 80 crore to set up a state-of-the-art manufacturing facility in...

Mother Dairy to market co-operative society NCOL’s organic products in Delhi-NCR

Mother Dairy has entered into a memorandum of understanding (MoU) with NCOL to distribute the ‘Bharat Organics brand across multiple channels and geographies.New Delhi: Mother Dairy on Tuesday said it has signed an agreement with the National Cooperative Organics Ltd...

GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on 21 Dec

Currently, GST on beverages, cigarettes, tobacco and related products are 28 per centNew Delhi: The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35...

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Companies such as HUL and Tata Consumer have also increased tea prices recently due to a decline in production caused by erratic weather conditions.New Delhi: FMCG makers such as HUL and Wipro have hiked soap prices by around 7...

HUL Board approves demerger of ice cream business into an independent listed entity

The existing shareholders of HUL will receive shares in the new entity in proportion to their shareholding in HULNew Delhi: FMCG major Hindustan Unilever Ltd. (HUL) on Monday said its board has approved the demerger of the ice cream...

Patanjali Ayurved’s FY24 revenue up 23% to Rs 9,335.3 cr, helped by Patanjali Foods OFS

In FY24 Patanjali Ayurved’s other income was at Rs 2,875.29 crore against Rs 46.18 crore in the year-ago periodNew Delhi: Baba Ramdev-led Patanjali Ayurved’s total income has risen by 23.15 per cent to Rs 9,335.32 crore in 2023-24, helped...

Mondelez India FY24 net profit up 72% to Rs 2,020.8 cr

The company reported a profit of Rs 1,175.93 crore in FY23New Delhi: Confectionary major Mondelez India Foods Pvt Ltd posted a 71.85 per cent increase in profit at Rs 2,020.87 crore in FY24, according to the RoC filing from...

Amul to enter Europe by end of this month: MD

The company will launch the products in Spain first and then look at expanding to other countries in EuropeNew Delhi: Amul will enter the European market by the end of this month after launching its products in the US,...

Rural consumption grows double than urban market in Sep qtr: Report

The Indian FMCG industry witnessed a 5.7 per cent value-based growth and 4.1 per cent volume growth on a 1.5 per cent price growth in the July-September quarterNew Delhi: Urban and rural markets have shown a sequential recovery in...

FMCG firms worry over high inflation, squeezing urban market; hint price hike

Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike.New Delhi: Leading FMCG companies reported a decline in margins in the September quarter because...

Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 cr

New acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil marketNew Delhi: Home-grown FMCG and Ayurvedic products maker Dabur on Wednesday announced the acquisition of Sesa Care, engaged in the Ayurvedic personal care and...

IRHPL unveils travel convenience stores Neo Travel at Hyderabad Airport

Covering over 1,000 sq. ft., Neo Travel provides a selection of healthy snacks, wellness items, and travel essentials. New Delhi: India Retails & Hospitality Private Limited (IRHPL) has launched Neo Travel, a convenience store at Hyderabad International Airport, a release by...

FSSAI is now more pro-active, industry-centred with fast responses: Nestle

With the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said said Nestle India Chairman and Managing Director Suresh Narayanan.Samalkha: There has been a dramatic change in the...

Colgate-Palmolive India Q2 profit rises 16% to Rs 395 cr; sales up 10% to Rs 1,609 cr

The oral hygiene product maker had posted a net profit of Rs 340.05 crore in the July-September quarter a year agoNew Delhi: FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 16.17 per cent in its net...

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Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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