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Reliance acquires Velvette, the FMCG brand behind the sachet revolution

This acquisition aligns with Reliance's approach of combining tradition with new opportunities to ensure Indian brands grow in the market

Reliance acquires Velvette, the FMCG brand behind the sachet revolution
Updated On : 14 Feb 2025 | 5:18 PM IST

Britannia plans to take 'capex break' amid slowdown in urban demand

Senior executives of the company said they would be cautious on capital expenditure because growth in volumes remained on a slow burn, hurt by a slowdown in urban demand

Britannia plans to take 'capex break' amid slowdown in urban demand
Updated On : 07 Feb 2025 | 11:46 PM IST

India presents Rs 7,500 cr premiumisation opportunity for Nestle: CMD

Hopes tax benefits in Budget 2025 will spur consumption, sales

India presents Rs 7,500 cr premiumisation opportunity for Nestle: CMD
Updated On : 04 Feb 2025 | 11:21 PM IST

Economic Survey 2024-25: It's time to tackle misleading nutrition claims

The Survey touched upon the UPF segment and stated that it has been built on high calories and involves food strategies, with misleading advertisements

Economic Survey 2024-25: It's time to tackle misleading nutrition claims
Updated On : 01 Feb 2025 | 12:18 AM IST

Reliance Consumer Products acquires SIL brand to revitalise heritage foods

SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence

Reliance Consumer Products acquires SIL brand to revitalise heritage foods
Updated On : 23 Jan 2025 | 12:03 AM IST

We aim to be a leader in every segment we operate in: ITC Chairman Puri

ITC is sharpening its competitiveness and strengthening innovative capacity under its "Next Strategy" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its Chairman and Managing Director Sanjiv Puri. The cigarettes-to-consumer goods conglomerate has articulated a strategy of the organisation, the 'ITC Next Strategy' aiming to shape a future-ready enterprise and define the next phase of growth and profitability, Puri told PTI. As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth. "These have been identified as areas where specific interventions have been made to become competitive and contemporary. The objective is to keep innovating while leveraging enterprise strengths," said Puri. The idea is to be a leader and to be a very large-scale business, in which ITC has made "appreciable progress" in its ongo

We aim to be a leader in every segment we operate in: ITC Chairman Puri
Updated On : 19 Jan 2025 | 4:55 PM IST

Avenue Supermarts appoints Anshul Asawa as CEO designate from March 15

Asawa will succeed Ignatius Navil Noronha, who will complete his current term of five years as the managing director of the company on January 31, 2026

Avenue Supermarts appoints Anshul Asawa as CEO designate from March 15
Updated On : 12 Jan 2025 | 12:47 PM IST

Q3 results preview: Weak urban demand likely to weigh on FMCG volumes

Persistent weak urban demand could impact firms' performance in Q3FY25

Q3 results preview: Weak urban demand likely to weigh on FMCG volumes
Updated On : 05 Jan 2025 | 11:11 PM IST

White-collar hiring up 9% in Dec, driven by high-skill roles: Report

White-collar hiring activity in December witnessed a 9 per cent increase compared to the same period of the previous year, driven by high-skill and strategic roles, a report said on Thursday. According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead. Key sectors that were primary growth drivers in December 2024, included AI/ML (36 per cent), Oil and Gas (13 per cent), FMCG (12 per cent) and Healthcare (12 per cent), said the report. Top metro cities collectively posted a 10 per cent growth as the year came to an end, it added. The Naukri JobSpeak is a monthly Index representing the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. Meanwhile, according to the report, fresher hiring, which had majorly been muted through 2024, saw an impressive 6 per cent growth in December

White-collar hiring up 9% in Dec, driven by high-skill roles: Report
Updated On : 02 Jan 2025 | 10:48 PM IST

HUL streamlines supply chain to kirana stores, lowers credit limit barriers

FMCG major HUL is enhancing its distribution model by directly supplying kirana stores, aiming to cut delivery times and ease credit constraints, thereby improving service and supply efficiency

HUL streamlines supply chain to kirana stores, lowers credit limit barriers
Updated On : 31 Dec 2024 | 11:29 AM IST

FMCG industry expects consumption revival in 2025 after a challenging year

The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss. The makers also expect a shot in the arm in the upcoming annual budget, which would help the stressed middle-income group and stimulate consumption, besides a good monsoon and continued rejuvenation of the rural market. A resurgence of high food inflation once again in 2024 disrupted consumption patterns, particularly among mass-segment consumers, said Emami Vice Chairman & MD Harsha V Agarwal, adding elevated food inflation continues ..

FMCG industry expects consumption revival in 2025 after a challenging year
Updated On : 23 Dec 2024 | 11:59 AM IST

Silver lining: FMCG firms roll out tailored offerings for golden years

Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs

Silver lining: FMCG firms roll out tailored offerings for golden years
Updated On : 20 Dec 2024 | 11:33 PM IST

Pocket pinch: FMCG companies passing 3-7% of price rise to consumers

Edible oil companies pass on the entire hike to consumers

Pocket pinch: FMCG companies passing 3-7% of price rise to consumers
Updated On : 12 Dec 2024 | 10:51 PM IST

FMCGs need volume growth, distribution innovation: Pidilite's Bharat Puri

Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers

FMCGs need volume growth, distribution innovation: Pidilite's Bharat Puri
Updated On : 11 Dec 2024 | 9:07 PM IST

Godrej Consumer shares sink 10%, HUL 4%; why are FMCG stocks falling today?

Godrej Consumer believes that due to an increase in soap prices, unseasonal rainfall, and slowdown in sales of its home insecticides (HI) segment a 'flattish' underlying volume growth

Godrej Consumer shares sink 10%, HUL 4%; why are FMCG stocks falling today?
Updated On : 10 Dec 2024 | 12:38 AM IST
Updated On : 09 Dec 2024 | 9:06 PM IST

Mother Dairy's ice cream business crosses Rs 500 crore-mark in FY24

Milk and milk products were the biggest contributors to the company's revenue, with a share of 72.47 per cent

Mother Dairy's ice cream business crosses Rs 500 crore-mark in FY24
Updated On : 05 Dec 2024 | 9:08 AM IST

FMCG distributors flag deep discounts by quick commerce companies

AICPDF says qcomm firms' deep discounting, predatory pricing put small retailers and distributors under immense pressure

FMCG distributors flag deep discounts by quick commerce companies
Updated On : 24 Nov 2024 | 11:23 PM IST

Parle Agro FY24 revenue down 12% to Rs 3,126 crore, profit slides 89%

Parle Agro, which operates in the beverage market with brands such as Frooti, Appy, SMOODH and Bailley, has reported a 12.3 per cent decline in its consolidated revenue to Rs 3,126.06 crore for FY24, according to an RoC filing from the company. Its total profit plummeted 89.1 per cent to Rs 17.29 crore for the financial year ended on March 31, 2024, according to financial data accessed through the business intelligence platform Tofler. Parle Agro Pvt Ltd, an unlisted entity which operates in the Indian beverage industry, posted revenue from operations of Rs 3,565.96 crore and a profit of Rs 158.78 crore in FY23. The total consolidated income of Prakash J Chauhan-led Parle Agro was 12.15 per cent lower at Rs 3,209.43 crore in FY24. The same stood at Rs 3,653.48 crore in FY23. Its revenue from domestic sales was Rs 3,061.10 crore and exports at Rs 26.81 crore in FY24. The company's 'advertising promotional expenses' were 17.7 per cent higher at Rs 278.38 crore in FY24 compared to Rs

Parle Agro FY24 revenue down 12% to Rs 3,126 crore, profit slides 89%
Updated On : 20 Nov 2024 | 5:48 PM IST