The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes
As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.
Dabur India faces a Rs 4.42 crore tax demand from Customs for IGST on imports from 2019-2024; the FMCG firm plans to appeal, citing strong merits for a favourable outcome
According to officials of the Madhya Pradesh Industrial Development Corporation (MPIDC), these projects will bring an investment of about Rs 2,100 crore into the state
India revenue declined 7.6 per cent Y-o-Y, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms
The maker of Hajmola candy and Real fruit juice, recorded a 5.5 per cent drop in net sales to Rs 3,028.6 crore from Rs 3,203.8 crore in the year ago period
Q2FY25 company results: Aditya Birla Capital, Protean eGov Technologies, TTK Prestige, and New India Assurance will release their second-quarter results for the financial year 2024-25 on October 30
In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.
The 14-day RSI of Voda Idea, Bank of India, Dabur, YES Bank and DMart stands below 30, indicating oversold condition on the daily chart. In case of a pullback, these stocks can bounce back up to 24%.
Analysts say Dabur may fare better in Q3, expect double-digit revenue growth for Marico
Mobilise production, inventory to ride seasonal wave
Shares of Dabur India surged as much as 2.04 per cent at Rs 647.50 per share on the BSE in Thursday's intraday deals
The Tamil Nadu government on Thursday said home and personal care products maker Dabur India will set up a Rs 400 crore manufacturing plant in the state's Villupuram district, marking the FMCG company's maiden foray into the South. State Industries Minister TRB Rajaa said a pact was inked on Thursday for this purpose. "Welcome to Tamil Nadu, @DaburIndia! In fact, welcome to South India! In the presence of Honourable @CMOTamilNadu Thiru. @MKStalin avargal, @Guidance_TN today signed an MoU with Dabur for the establishment of a world-class manufacturing plant, their FIRST EVER in South India, at the SIPCOT Food Park in #Tindivanam, Villupuram district," Rajaa said in a post on 'X.' He said the company will invest Rs 400 crore in this facility which will create over 250 jobs. "More importantly, it will open up new opportunities for farmers in the nearby #Delta region to sell #AgroProduce to be processed in this facility," he added. Dabur's decision to choose Tamil Nadu is a testament
Religare open offer case: Dabur Chairman Mohit Burman, three independent directors of Care Health Insurance and the manager of the open offer have been summoned by the Enforcement Directorate
Company to undertake price increases as consumers come back into consumption fold
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
According to market research firm Kantar, bottled soft drinks breached an annual penetration of 50% in the year ending March 2024
This expansion will help extend the company's regional coverage from the west to the south-central regions of India
Harsh summers, cola price wars play spoilsport for juice segment
'The country's demand environment remains challenging, marked by high food inflation and unemployment rate,' says the FMCG firm