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Small regional FMCG players make a comeback, grabbing shares from big companies

The small players are forcing larger rivals to go for a price revision in segments such as soaps, tea, detergent and biscuitsNew Delhi: Small regional FMCG players, which reemerged in the market after the cooling of inflation, are giving...

Bagrrys India appoints Jayant Kapre as its new CEO and MD

As the new CEO and MD, Kapre will be responsible for executing a robust growth strategy for the company and accelerating its growth New Delhi: Bagrrys India, the health food and breakfast cereals company, has appointed Jayant Kapre as its new...

Britannia Industries Q2 net profit rises 28.5 pc to Rs 490.58 cr; income up 21 pc to Rs 4,380 cr

Its total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22. This is the company’s “highest quarterly revenue” recorded.New Delhi: Bakery foods company Britannia Industries Ltd on Friday reported a 28.47...

FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases

In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such as Britannia, Dabur and Nestle have reported volume growth as wellNew Delhi: The FMCG industry expects an improvement in...

Everstone Capital sells Modern Foods to Mexico’s largest bakery firm: Report

Home grown private equity fund Everstone Capital has sold its iconic bread brand Modern Foods to Mexico’s largest food and bakery company, Grupo Bimbo, according to a report by the Economic Times.Everstone's bread and bakery platform Everfoods Asia, predominantly consists of Modern Bread brand that Everstone had acquired...

Britannia Industries Q2 net up 23 pc to Rs 495 crore

Britannia Industries Ltd on Monday reported a 22.96 percent increase in consolidated net profit to Rs 495.20 crore for the quarter ended September. According to a PTI report: The company had posted a net profit of Rs 402.73 crore in...

FMCG stocks on a roll as household binge during lockdown drives valuations

Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations. The FMCG Index grew 32 percent from...

Direct to Consumer emerges as an alternate sustainable retail strategy post-COVID-19

The recent lockdown sprees have compelled the brands to look at alternative ways to provide consumers the products they need. Therefore, many brands are offering direct-to-consumer (DTC) home delivery services for the first time amid the COVID-19 lockdown. Brands...

Britannia to invest Rs 700 crore to set up five new factories in over 2 years

Homegrown food company Britannia Industries will invest over Rs 700 crore to open five new manufacturing units in the next two-and-a-half years to meet the growing demand in different parts of India, its MD Varun Berry said on Monday. According...

Ruchi Soya appoints Sanjeev Asthana as CEO

Ruchi Soya Industries, which is owned by Baba Ramdev-led Patanjali Ayurved, has appointed Sanjeev Asthana as its CEO. According to a PTI report: Sanjeev Asthana has joined as Chief Executive Officer of the company with effect from July 6, 2020,...
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Sats opens largest international food solutions facility in Bengaluru

The new facility will complement its existing large-scale food facilities in Singapore, China, Japan and ThailandNew Delhi: Sats Food...
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