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FMCG Foods

Parag Milk Foods records gross profit of Rs 749 crore in FY24

The company’s profit after tax stood at 91 crore in FY24 showing 70% YoY growth compared to up PAT of Rs 53 crore in FY23Bengaluru: Parag Milk Foods Ltd., a manufacturer and marketer of dairy-based branded products in India,...

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...

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...

Marico net profit rises 17% to Rs 360 crore, revenue falls maginally to Rs 2,476 crore in Q2

Total expenses of Marico, which owns brands like Saffola, Parachute, and Livon, stood at Rs 2,038 crore during the September quarter of the financial year 2023-24New Delhi: Home-grown FMCG major Marico Ltd on Monday reported a 17.26 per cent...

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...

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,...

Nestle India shares declines over 3% post Q2 earnings announcement

The stock of Nestle India fell 3.16 per cent to Rs 22,081.75 apiece on the BSE. It was later trading at Rs 22,260.95, down 2.38 per cent over its previous closeNew Delhi: Shares of Nestle India on Thursday declined...

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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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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