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Kumar Venkatasubramanian to be new CEO of P&G India

Kumar Venkatasubramanian will take charge from May 1, 2024 replacing LV Vaidyanathan who served P&G for 28 years. New Delhi: Kumar Venkatasubramanian will take over as the Chief Executive Officer of Procter & Gamble India, from 1 May 2024, as...

ITC becomes the second company after Amazon to use inland waterways

ITC Limited joined hands with Inland Waterways Authority of India to ship FMCG products through inland waterways using National Waterway 1New Delhi: ITC has become the second company after Amazon to use inland waterways for commercial transport, an official...

BAT to sell up to 3.5% stake in ITC via block trade

Based on Tuesday's closing price of Rs 404.25 per share, the value of the total ITC shares planned to be sold by BAT is around Rs 17,659.72 croreNew Delhi: British multinational BAT PLC on Tuesday said it plans to...

FMCG sector to see subdued growth till September quarter of 2024: Report

The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products.New Delhi: The fast-moving consumer goods sector will have a "subdued" growth till September quarter in 2024 due to...

Eggoz crosses Rs 100 Cr net annual recurring revenue

Eggoz is  growing in a $12 billion market at a 15% compound annual growth rate (CAGR) New Delhi: Gurugram-based egg-focused consumer brand Eggoz has crossed Rs 100 crore in net annual recurring revenue within three years of launch, a release...

Hindustan Coca-Cola Beverages to invest Rs 350 crore in Madhya Pradesh

The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore.New Delhi: Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs...

SC observations on ads by promoter group won’t affect business operations: Patanjali Foods

Out of 73.82 per cent promoter stake, Patanjali Ayurved has 32.37 per cent stakeNew Delhi: Patanjali Foods, which is part of Baba Ramdev-led Patanjali Group, on Tuesday said the company's business operations and financial performance will not be impacted...

India’s consumer packaged goods sector saw balanced growth in 2023: Report

75 per cent of global growth was due to price increases in 2023New Delhi: India's consumer packaged goods (CPG) sector had a balanced growth in 2023, where retail sales value increased with volume gains, a global management consulting firm...

Focusing on competitive volume growth in India, expects price cut, says Unilever

Unilever's sales were flat in the fourth quarter as pricing turned negative, mainly driven by price reductions in fabric cleaning and skin cleansing bars due to commodity movementsNew Delhi: Multinational FMCG firm Unilever is focusing on driving competitive volume...

FMCG firms report single-digit volume growth with better margin in December quarter

Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quartersNew Delhi: Fast-moving consumer goods...

Havmor Ice Cream opens a parlour in Nadiad, Gujarat

With the launch, the number of Havfunn parlours reaches 54 across Gujarat and 234 across India  New Delhi: Ice Cream brand Havmor has opened its first Ice Cream parlour - Havefunn in Nadiad, Gujarat, a release by the company said on...

Marico Q3 net profit up 16% at Rs 386 crore

However, its revenue from operations fell 1.94% to Rs 2,422 crore during the quarter under review from Rs 2,470 crore a year agoNew Delhi: Homegrown FMCG major Marico Ltd, on Monday, reported a 15.9% increase in its consolidated net...

Colgate-Palmolive India Q3 profit up 35.7% to Rs 330 crore

The oral hygiene product maker had posted a net profit of Rs 243.24 crore in the year-ago periodNew Delhi: FMCG major Colgate-Palmolive India Ltd on Monday posted a 35.71% increase in net profit to Rs 330.11 crore for the...

Nature’s Basket opens flagship store in Kolkata

Spanning over 7,000 sq. ft. of retail space, the new outlet is located on the Judges Court Road, Alipore, Kolkata Bengaluru: Nature's Basket, a gourmet retail subsidiary of Spencer’s Retail, has launched its flagship store in Kolkata strategically positioned to...

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Korean skincare brand Skin1004 enters India with Tira

The products will be available for purchase online through the Tira app and at  select Tira stores Bengaluru: Korean skincare brand...
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