Page 5 - Consumer Goods

Mondelez India FY22 net profit falls 2.3% to Rs 977.9 crore; sales up 15.9%

Confectionary major Mondelez India Foods net profit declined 2.33 per cent to Rs 977.91 crore in FY22, while its revenue from operation/sales rose 15.89 per cent to Rs 9,242.05 crore, according to financial data accessed by business intelligence platform Tofler. Mondelez India Foods Private Ltd, which owns iconic brands such as Cadbury Dairy Milk, 5 Star and Gems, had reported a net profit of Rs 1,001.34 crore and revenue from operations of Rs 7,974.61 crore for the financial year ended on March 31, 2021. Its total income also went up 15.64 per cent to Rs 9,296.02 crore for the financial year that ended on March 31, 2022. It was Rs 8,038.10 crore in FY21. Mondelez India Foods' revenue from other income was down 14.99 per cent at Rs 53.97 crore in FY22. Its total expenses in FY22 were at Rs 7,970.77 crore. Mondelez India also provides malted food drinks under the Bournvita brand and powdered beverages under the brand Tang. Besides, it also sells biscuits under the brand name of Or

HUL beats Street expectations in Sept quarter, net profit rises 22.2%

Net profit rises 22.2% on 16.1% increase in revenue

India's public goods are available for countries in need: FM Sitharaman

Observing digitalisation has become the biggest advantage in India in the last two years, Union Finance Minister Nirmala Sitharaman on Thursday said that India's public goods are available for countries that need them. Sitharaman said the open-source network that the government of India has created as a public good is helping small and medium industries to scale up their operations. Standing here I want to reiterate that India's public goods are available for countries which so they need it, Sitharaman told students of the Johns Hopkins School of Advanced International Studies (SAIS) during an interactive session on India's unique Digital Public Goods. The minister asserted that India has a digital stack that other countries can use. So if India today can talk of a digital stack, it's not talking of just payment where UPI, which is today acceptable in Singapore, UAE, and many other countries, she said. We are not talking of just Rupay cards, we are not talking of credit cards, we'

Festive cheer lifts consumer mood

While consumer expectations grew in both rural and urban regions, the rate of increase was much higher in urban than in rural areas

Festival sales: Consumer firms see robust demand across categories

E-commerce firms and online retailers too have been having swinging times

Patanjali Foods plans to build export portfolio of FMCG, health products

Firm to focus on new launches with high margins and high growth

Adani Wilmar eyes acquisitions to push food business, says CEO

"We are looking at acquiring brands in staple foods and distribution companies to boost our consumer goods offering and reach," Angshu Mallick, CEO of Adani Wilmar said

Digital engineering taking lead in engineering R&D in India: Report

NASSCOM and Deloitte study calls for improving the ease of doing business and addressing concerns about patents

Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom

In comparison, urban sales were up 5.5% month-on-month

Reckitt CEO resign on personal grounds; Durante to hold fort in interim

"The chairman and the nomination committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey," the company said

Reckitt Benckiser says CEO Laxman Narasimhan to step down at end of Sept

Reckitt Benckiser said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role.

Reliance Retail will launch FMCG business this year: Isha Ambani at RIL AGM

Business Standard accessed a presentation, which includes the brands it has taken to general trade

Hindustan Unilever eyes Rs 100-crore run rate for its D2C brands

The comapny has invested not more than a few (Rs)100 crore in its nano factories without giving the exact investment figure

States taxed items consumed by poor in pre-GST era: FM Sitharaman

She also said the government has contained prices of tomato, onion, and potato, while comparing rates with those prevailing in November 2013.

Inflation eats into India's rural demand while green shoots become visible

After a pandemic slump, consumer goods makers are banking on a good monsoon but erratic rain patterns make a sustained recovery open to question

'Right to Repair': Soon, consumers & third-party vendors may fix products

Committee identifies farming equipment, cell phones, consumer durables among sectors for policy

Spices to soaps: Prices of consumer items have spiked up to 32% in a year

There has been a double-digit year-on-year increase in the prices of most spices, with branded coriander costing 16.9 per cent more in June this year than a year ago

BSE FMCG Index nears new high as falling input prices spark optimism

Rural demand another reason for buoyant sentiment towards FMCG stocks

Marico's India business volume declines in mid-single-digits in Q1

The company's Parachute coconut oil also recorded a marginal volume decline in the quarter

Flashback to the future

The sturdy Ambassador flourished at a time when the only other competitor was the Premier Padmini, made with Fiat technology