Page 2 - Consumer Products

Tata Consumer and Tata Coffee shareholders approve merger at Nov 12 vote

Tata Consumer Products will issue one equity share for every 22 share held in Tata Coffee to existing shareholders

Stores now preferred choice over online shopping: Raymond's Singhania

Raymond's sales rise 15% in September quarter versus pre-Covid period

Tata Consumer Products Q2 profit rises 36% to Rs 389 cr; revenue up 11%

Tata Consumer Products Ltd (TCPL) on Thursday reported a 36.25 per cent rise in consolidated net profit at Rs 389.43 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 285.80 crore for the July-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing. Revenue from operations climbed 10.87 per cent to Rs 3,363.05 crore during the quarter under review as against Rs 3,033.12 crore in the corresponding period last year. Total expenses of the Tata group's FMCG arm were at Rs 3,021.90 crore, up 11.55 per cent from Rs 2,708.91 crore earlier. TCPL Managing Director and CEO Sunil D'Souza said: "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets." TCPL's revenue from the Indian market in July-September rose 9.19 per cent to Rs 2,159.95 crore, as against Rs 1,978.08 crore

Twitter to bring Edit Tweet feature finally: Here's all you need to know

Twitter will be paying close attention to how the feature can impact the way people read, write, and engage with tweets

Govt proposes printing percentage of 2 key constituents on package front

The Consumer Affairs Ministry has proposed printing the percentage of two or more major constituents used in a commodity visibly on the front side of the packaging for the benefit of consumers, and sought comments from the stakeholders by month-end. This comes as the ministry has observed that many manufacturers, packers and importers are not making important declarations prominently on the front side of the package, which is necessary in the interest of consumers and also violate their consumer right of "Right to be informed". "The declaration of unique selling point/unique selling proposition (USP) of the product on the front side of the package without its percentage of composition is against the consumer rights," the ministry said on its website. In the interest of consumers, the ministry has proposed amendment to the Legal Metrology (Packaged Commodities) Rules, 2011 to include the following sub-rule. In case a commodity contains more than one constituent, "the front side of t

CCPA fines Flipkart for allowing sale of substandard pressure cookers

The Central Consumer Protection Authority (CCPA) on Wednesday said it has imposed a penalty of Rs 1,00,000 on e-commerce player Flipkart for allowing the sale of substandard domestic pressure cookers on its platform. Speaking to PTI, CCPA Chief Commissioner Nidhi Khare said a penalty of Rs 1,00,000 has been imposed on Flipkart for allowing the sale of substandard pressure cookers on its e-commerce platform and violating the rights of consumers. Flipkart has also been directed to notify consumers of all 598 pressure cookers sold on its platform, recall the pressure cookers and reimburse money to the consumers, she said. The company has also been asked to submit a compliance report of the same within 45 days, she added.

Bajaj Electricals Q1 net profit at Rs 41.19 cr; sales up 42% to Rs 1,202 cr

The company had posted a net loss of Rs 24.97 crore during the April-June quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing.

Consumer firms hint at a breather from price hikes as costs decline

According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12

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

Wipro Consumer to withdraw sanitisers from market as demand decreases

The company may also withdraw some variants of other categories that were launched during the pandemic, said Vineet Agarwal, chief executive officer of Wipro Consumer Care

TMS Ep165: RBI rate hike, Shanghai pile-up, markets, stock consolidation

How will RBI's rate hike impact the economy? Will pile-up at Shanghai port affect white goods supply? What will the markets react after RBI's rate hike? What is stock consolidation? Answers here

Tatas upping consumer-facing business with super app

Tata Group's much-awaited super-app will finally be launched tomorrow. Tata Neu is bringing all the company's digital services in one place, while also doubling down on its consumer-facing businesses

After a steady Q2, HUL's 'cautious optimism' stance raises demand concerns

Company posts 9% YoY increase in net profit, 11% growth in revenues

Bajaj Electricals third quarter net profit surges to Rs 98 crore

The firm was helped by a strong growth in its consumer products business

Tata Consumers to expand offline reach of spice & pulses brand Sampann

Tata Consumer Products Ltd (TCPL) believes there is enough headroom to grow in staples and packaged food space and the company is now expanding the offline reach of its spices and pulses brand Sampann, according to a top company official. The company is taking advantage of commodity spaces and driving conversion from unbranded to branded across beverages and foods. It is witnessing a change in consumption patterns, with an increased focus on safety and convenience along with a shift towards 'trusted' brands with a strong heritage, TCPL Managing Director & CEO Sunil D'Souza told PTI. Traditional ingredients, which have been known to build health and immunity over the ages have been favoured. "Our foods business in India, which is salt, pulses, spices and mixes has probably been the biggest beneficiary of this trend in India," he said. However, D'Souza also added that it is "difficult to say how many of these trends will become sustained long-term behaviour patterns. So, it will be

Tata steps up to build e-commerce app to take on Amazon, Reliance

The Mumbai-based group is stepping up efforts to have a significant presence online in a market where internet users are forecast by Cisco Systems Inc. to reach 900 million by 2023

All eyes on execution after strong rally in Tata Consumer Products' stock

Street betting on strong demand for branded staples, aggressive distribution expansion

Consumer product companies looking at a brighter post-Covid-19 future

In the next six months, a much faster recovery could be expected in the rural economy

J&J sees high demand for consumer products as Coronavirus spreads

J&J said majority of its global medical device manufacturing was running at or near normal capacity, and that it does not expect the outbreak to cause any disruptions to its supply of medicines.

Dr Oetker beats slowdown, logs 24% growth in 'strongest year' in India

FMCG company's peanut butter and mayonnaise brands help it grow in slowing sector.