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FMCG firms report single-digit volume growth with better margin in December quarter
PTI -
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...
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ITC’s FMCG biz grows at 14% CAGR in last 3 years, Aashirvaad becomes Rs 8,000 crore brand
PTI -
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...
Food
Piece of Cake: Pandemic sweetens cake sub-segment, attracts bigwigs
IANS -
Pandemic-induced acceleration in consumption of bakery items has attracted food majors to venture into the "sweet and convenient" sub-category of packaged cake segment.
At present, the industry estimates the sub-segment's revenue generation capacity of over Rs 2,500 crore per annum.
In...
Food
ITC, Godrej, Dabur, Emami report robust sales in rural areas
Leading FMCG players such as ITC, Godrej, Dabur, Emami and Marico are witnessing robust sales in rural and semi-urban markets, bolstering hopes of a speedy recovery from the impact of the COVID-19 crisis.
According to a PTI report: Interestingly, the...
Food
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...
Food
ITC eyeing strategic acquisitions in FMCG business
IANS -
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...
Food
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...
Food
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....
Food
HC reserves order on Britannia's plea
IANS -
The Delhi High Court on Thursday reserved its order on a plea filed by Britannia Industries Ltd against a single judge's order to stop using the current packaging style for its "Nutri Choice Digestive Zero" biscuits.
A division bench of...
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ITC's food business registers 10.7 pc growth in 2015-16
ITC Ltd's packaged food business has crossed the Rs 7,000 crore sales mark in 2015-16, a growth of 10.7 per cent over last fiscal. With this, the company's non-cigarette FMCG brands have garnered annual consumer spend over Rs 12,000...
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Varun Berry: Steering Britannia’s Next Growth Chapter as CEO, Executive VC & MD
Britannia has appointed Varun Berry as CEO, effective May 8, 2025, in addition to his current roles as Executive...
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