This acquisition aligns with Reliance's approach of combining tradition with new opportunities to ensure Indian brands grow in the market
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
Hopes tax benefits in Budget 2025 will spur consumption, sales
The Survey touched upon the UPF segment and stated that it has been built on high calories and involves food strategies, with misleading advertisements
SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence
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
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
Persistent weak urban demand could impact firms' performance in Q3FY25
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
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
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 ..
Affluent and health conscious, mature consumers are becoming selective about what they buy. Businesses are stepping up to meet their needs
Edible oil companies pass on the entire hike to consumers
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
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
Milk and milk products were the biggest contributors to the company's revenue, with a share of 72.47 per cent
AICPDF says qcomm firms' deep discounting, predatory pricing put small retailers and distributors under immense pressure
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