Page 29 - Sharleen Dsouza

Britannia began price cuts in April-June as commodity prices softened

The company continues to expand its rural distribution and now has 28,000 rural distributors onboard

Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz

In the previous financial year, it forayed into the FMCG and beauty businesses

Televisions likely to get costlier by up to 10% as open cell prices rise

The cost of open cells has seen an average increase of between 3 and 20%, and is higher for larger screen TVs in July, according to manufacturers of televisions

Britannia Industries' net profit up 35.6% as margins expanded in Q1

The maker of Good Day and Marie Gold biscuits saw its PBIDT at Rs 745.8 crore. It was down 13.4 per cent on a quarter-on-quarter basis

At $112 bn, RIL's retail arm value almost twice of O2C biz: Bernstein

According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion

We've got a long way to go in food and beverages: Tata Consumer MD & CEO

The company remaining cautiously optimistic on rural demand

Growing nuclear families powering premium FMCG purchases, says Kantar

It is observed that joint families don't necessarily prefer large packs for consumption, and the nuclearisation of families is also leading to the premiumisation trend in FMCG

Nestle India net profit rises 36.9% in June qtr on higher sales and margins

During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals

Unfavourable rains impacts Coca Cola's business, growth outlook intact

It also gained value share in total NARTD (non-alcoholic ready-to-drink) beverages led by share gains in South Korea, India, Australia and Thailand

Bright strokes for Asian Paints as profit soars 52% to Rs 1,550 crore

On a quarter-on-quarter (QoQ) basis, the company's net sales rose by 4.6 per cent, and net profit increased by 25.6 per cent

India growth is competitive in dynamic market, says Unilever CFO

In the Q1FY24 results announced last week, HUL reported a volume growth of 3 per cent

Reliance Retail Q1 results: Net profit rises 18.8% to Rs 2,448 crore

Firm's finance cost up 130% due to business expansion

Hindustan Unilever Q1 results: Net profit rises 7.3% to Rs 2.6K crore

Rural demand for FMCG sector moves into positive territory

Avenue E-Commerce losses widen, revenue surges past Rs 2,000 crore

In FY23, Ignatius Navil Noronha, CEO & MD of Avenue Supermarts salary stood at Rs 4.55 crore, the same as the previous year

Sleepwell maker to buy majority stake in Kurlon for over Rs 2,150 cr

It will also buy 35 per cent stake in Furlenco

Unseasonal rains to impact performance of consumer durables in Apr-Jun qtr

Results of consumer durables to be a dampener despite some green shoots, say brokerages

Companies feel the heat of an unusual summer; demand drops for coal, ACs

Unseasonal rain, high number of heatwave days upend business cycle of several sectors

Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr

The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players

PepsiCo sees high single-digit organic revenue growth in June quarter

Volumes declined in foods and it reporte low-single digit growth in beverages

HUL has the highest peneration in shampoos followed by soap bars: Kantar

The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali