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Improving macro-indicators, good monsoon to drive consumer demand for FMCG products

The industry expects a mid-to-high-single-digit growth in value/volume in the January-March period, along with a continuation of the gross margins expansion trend, helped by deflation in input costNew Delhi: Leading industry players expect improving macro-indicators and expectations of good...

ITC Q3 net profit rises 6.5% to Rs 5,400.52 crore

Its gross revenue from sales rose 2.3 per cent to Rs 19,337.84 crore during the quarter under reviewNew Delhi: Diversified entity ITC Ltd on Monday reported a 6.51 per cent rise in consolidated net profit to Rs 5,400.51 crore...

FMCG flavours: Better volumes, rural demand revival uptick and double-digit volume growth in 2024

The industry players are also expecting expansion of their profit margins with softening of commodity inflation that would result in increased spending on branding, return of promotional schemes for consumers and increased dividend payout to their shareholders New Delhi: From an...

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...

Rural recovery for FMCG companies takes a pause amid food inflation, uneven rains

FMCG makers like HUL, ITC and Nestle have expressed concerns over uneven rains, the impact of crop output and rising prices of some commodities such as wheat, maida, sugar, potato, coffee, etc New Delhi: The FMCG industry has witnessed a...

Nestle India enters into millets-based Ready-to-Make category

The company has introduced a+ masala millets containing bajra in the select market of NCR and online but has plans to expand it to other markets as it scales up New Delhi: FMCG maker Nestle India has entered into the...

ITC Sunfeast Baked Creations pays tribute to Chandrayaan 3 mission with a special dessert

Called Lunar Dulce de Leche Choux Bun by ITC Sunfeast Baked Creations, the dessert features a velvety white rocher glazed choux bun resembling the moon and is adorned with a chocolate replica of the Chandrayaan 3 rover New Delhi: Paying tribute to the...

Mensa Brands joins ONDC network with 3 portfolio brands

The three brands include men’s lifestyle brand Villain, jewellery brand Priyaasi and peanut butter brand MyFitness Bengaluru: E-commerce aggregator platform Mensa Brands has integrated with the open network for digital commerce (ONDC) with its portfolio brands Villain, MyFitness and Priyaasi, the...

Dhanyam: Achieving organic growth

How Chennai-based professionals-turned entrepreneurs Madhusoodhnan K and Thendral Madhusoodhanan built and grew a profitable and popular organic retail businessBy Sanjay KumarBy early 2010, Madhusoodhanan K felt his instincts and impulses strongly drawn in the entrepreneurial direction. In April 2010,...

Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 crore

The company has signed a definitive agreement to acquire a majority stake of 58 per cent in Satiya Nutraceuticals for a consideration of Rs 369.01 crore New Delhi: Home-grown FMCG firm Marico will acquire a majority stake in Satiya Nutraceuticals,...
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Indian burgeoning e-commerce lowers discounts, focuses on profits, as funding declines

Two-day Phygital Retail Convention deliberates declining consumption disparity New Delhi: Indian e-commerce market is on the rise, but funding from...
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