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JK Foods' snack brand Fun Flips has entered the UAE market, in partnership with Lulu International group, one of the largest retail chains in the Middle East. Through Lulu's retail network, Fun Flips has already achieved strong initial penetration in the UAE and is now gearing up to expand in other GCC markets such as Saudi Arabia, Oman, and Bahrain, according to a joint statement. It has a 'long-term vision' of establishing a strong presence across the entire Gulf region, it added. Commenting on the development, Lulu Group International Chairman and Managing Director Yusuff Ali M A said: "With our wide customer base and retail presence, we believe Fun Flips will gain significant traction in the Gulf market." Chaitanya Singhania, CEO, JK Foods, said: "Lulu's unparalleled retail network and deep understanding of the consumer landscape make them an ideal partner for this journey.
In a first, the New Delhi Municipal Council (NDMC) has decided to provide free tea and snacks to its field staff across various departments. This initiative is aimed at supporting over 5,000 employees, including sweepers, gardeners, 'beldars' (groundsmen) and linemen from the electricity department among others, an official told PTI. The official added the decision is on the same lines as practiced in the police and paramilitary forces where the personnel working during the odd hours receive free refreshments. "Our field workers, like sweepers, start their duties as early as 4 am to ensure that streets are clean before the traffic begins. At that time, finding food or tea is challenging, so this is a commendable step," the official said. According to the official, this initiative makes the NDMC the first municipal body in India to implement such a program and the provision of free tea and snacks is a gesture of appreciation and support for the dedication of these workers, who often
Snacks manufacturer Bikaji Foods International Ltd on Wednesday reported a 40.2 per cent increase in its consolidated net profit to Rs 58.06 crore in the first quarter ended in June 2024. The company had posted a consolidated profit of Rs 41.41 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 15.24 per cent to Rs 555.12 crore in the June quarter. It was at Rs 481.68 crore a year ago. Bikaji Foods reported volume growth of "16.2 per cent YoY, led by double-digit growth across categories," said an earning statement from the company. Total expenses of Bikaji Foods in the June quarter were up 16.08 per cent to Rs 501.32 crore. Its total income was at Rs 579.41 crore in the June quarter, up 18.8 per cent. "Our EBITDA for the quarter improved by 240 bps year-over-year, reaching 916 million, reflecting our commitment to operational efficiency and disciplined cost management," said Managing Director Deepak .