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Aashirvaad

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...

ITC’s FMCG biz grows at 14% CAGR in last 3 years, Aashirvaad becomes Rs 8,000 crore brand

Its foods business has a CAGR of 13 per cent over 10 years and 3-times growth in last 10 yearsNew Delhi: Diversified group ITC's FMCG business expanded at a compounded annual growth rate of 14 per cent in the...

ITC’s FMCG biz records 21% rise in annual consumer spend at Rs 29,000 crore in FY23

In terms of distribution reach, ITC's products reached 230 million households in FY23, up from over 200 million households in FY22New Delhi: Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to...

ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd

ITC Ltd has entered into a share purchase agreement (SPA) to acquire 100 per cent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices. In a regulatory filing, ITC...

ITC expects collaborations with unlikely partners to open new distribution channels

FMCG major ITC expects its new collaborations with unlikely partners, including Domino's, Swiggy and Zomato in the wake of coronavirus pandemic and subsequent lockdown opening new distribution channels, to become mainstream in future, according to a company official. According to...

ITC eyeing strategic acquisitions in FMCG business

Diversified conglomerate ITC Ltd is engaging with and investing in start-ups while looking at strategic opportunities for acquisitions to accelerate growth in the FMCG business, its Chairman-cum-Managing Director (CMD) Sanjiv Puri said on Friday."Today, around 25 percent of ITC's...

ITC eyes Rs 1 trillion turnover from FMCG, plans to expand food portfolio

Diversified conglomerate ITC is looking at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 trillion turnover from FMCG.“The ambition set by our Chairman and Managing Director of Rs 1...

Retail costs involved in brand building

By definition, brand strategy is a long-term plan for the development of a successful brand in order to achieve specific goals. Building a brand and executing a successful retail strategy for it is the top most concern of all...

ITC ropes in Shilpa Shetty for B Natural juice and beverages

ITC's food division has roped bollywood food actress and fitness enthusiast Shilpa Shetty Kundra as the new brand ambassador for B Natural Juices and Beverages, the company said in a statement. ITC forayed into the Rs 2,500 crore premium packaged...

ITC to set up integrated consumer goods facility in Odisha

Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs 800 crore. The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq.ft....
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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