Page 7 - Fmcg

Patanjali Foods to buy Patanjali Ayurved's non-food biz for Rs 1,100 cr

Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis". This is subject to the approval of shareholders, lenders and other necessary approvals. The deal will accelerate the company's transition into a leading FMCG company, Patanjali Foods said. The home and personal care business of Patanjali Ayurved currently has strong brand equity in India's FMCG space and enjoys a

ITC adds 68 crorepati employees in FY24; 24.11% increase from last year

The addition in the eight-figure bracket reflects the scale of ITC's operations and spread in newer categories

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

Over 50% households buying bottled soft drinks: Kantar FMCG report

The average Indian household's consumption of bottled soft drinks has increased in the last two years, breaching annual penetration of 50 per cent in FY24, a report said. According to the latest Kantar FMCG pulse report, this trend is expected to rise further with intensifying summer. It said the average household has expanded its consumption of bottled soft drinks by 250 ml in the last two years. Moreover, fabric softeners, still considered to be a premium laundry item, have now reached one in every four households in the country, the report said. Besides, washing liquids, another premium laundry product introduced by leading FMCG majors, breached the 100,000-tonne mark in FY24. All these trends are "record breakers", the report noted. The bottled soft drink category had a "massive 41 per cent household growth in MAT (moving annual total) March 2023" and continued to add more households and expanded 19 per cent in MAT March 2024. "With the intensifying summer, the category is li

FMCG companies increase prices to maintain margins due to high input costs

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

Will rural consumers roar?

There are many changes happening that should help big FMCG brands reach rural consumers

ITC Hotel Ltd's demerger plan gets approval from competition watchdog

The Competition Commission of India (CCI) on Tuesday approved the demerger of the hotel business of diversified entity ITC Ltd into a separate entity. After the completion of the demerger, shares of ITC Hotels Ltd, a new entity, will be listed on the stock exchanges. The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels. Following the demerger, shares of ITC Hotels will be listed. ITC will continue to hold a 40 per cent stake, while the remaining 60 per cent will be held by the conglomerate's shareholders, according to a notice on the CCI website. ITC has diversified businesses in India spanning from FMCG, hotels, paperboards, paper and packaging, and agri-business. The proposed combination is only an internal restructuring exercise which will not result in any change in market dynamics, ITC said in the notice. "Commission approves demerger of Hotels Business of ITC Ltd to its wholly-owned ...

DS Group targets Rs 5,000-cr revenue from confectionery business in 5 years

The maker of Rajnigandha Silver Pearls and Pass Pass plans to continue its focus on Indian ethnic flavours to drive this growth

How iconic Indian snack brand Haldiram's became a global investment target

Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant

Urban demand slows down for FMCG products as rural picks up steam

According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

FMCG firms expect volume-led growth in FY25 with improvement in revenue

Leading FMCG makers expect a volume-led growth in FY25, with a revival in consumption supported by a lower inflationary environment, projections of a normal monsoon and good rabi crop. Companies such as Britannia, Marico, Dabur, GCPL and HUL in their latest March quarter earnings also expect a revenue growth in the new financial year as the deflationary cycle is over. The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24. Besides, they expect a gradual uptick from the rural market, which contributes over one-third FMCG sales in the country. For Dabur a volume growth will be the way forward in this fiscal, said its CEO Mohit Malhotra in an investor call. He remains optimistic of the gradual uptick in consumption trends in FY25 and expects a mid-to-high single digit volume growth considering a normal monsoon, improving macroeconomic indicators, government spendi

Our bolt-on value-accretive M&A strategy will be deployed: HUL CFO

Ritesh Tiwari talks about the company bringing more Unilever brands to India

Bajaj Consumer Care Q4 results: Net profit slips 12% to Rs 35.58 crore

FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a 12 per cent decline in consolidated net profit to Rs 35.58 crore for the fourth quarter ended March 2024. The company had posted a consolidated net profit of Rs 40.46 crore in the same quarter of the previous fiscal, Bajaj Consumer Care said in a regulatory filing. Its consolidated total revenue from operations during the quarter under review stood at Rs 239.96 crore against Rs 249.42 crore in the year-ago period, it added. The company's total expenses declined to Rs 208.08 crore in the fourth quarter from Rs 210.33 crore a year ago. For the fiscal ended March 2024, its consolidated net profit was higher at Rs 155.43 crore compared to Rs 139.22 crore in FY23, the company said. In FY24, the consolidated total revenue from operations stood at Rs 984.12 crore against Rs 960.87 crore in the preceding fiscal, it added. Bajaj Consumer Care said its board of directors at its meeting held on Wednesday considered and approved the .

After 5 quarters, rural FMCG consumption outpaces urban: NIQ report

While there is a consumption slowdown in urban markets and modern trade channels, rural markets and traditional trade registered an uptick, said NIQ

New plastic management rules will impact FMCG companies: Analysts

India is the third-largest plastic producer globally. While these new norms will put India ahead in the global league, they will also impact packaging costs for consumer companies

Patanjali Foods to evaluate offer to buy Patanjali Ayurved's non-food biz

Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved, led by Baba Ramdev. In a regulatory filing, Patanjali Foods informed that its board has discussed the initial proposal received from Patanjali Ayurved Ltd for a sale of the latter's non-food business undertaking to the company. "The board accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved non-food portfolio in any manner on an arm's length basis," the filing said. The board also authorised officials to carry out due diligence, appoint professionals, negotiate the terms and conditions of the proposal, and report the findings to the Audit Committee and the board for further consideration. To strengthen its product portfolio, Patanjali Foods acquired the biscuits business of Patanjali Natural Biscuits Pvt Ltd for Rs 60.03 crore in May 2021. The compan

ITC plans to open more hotels overseas with West Asia in focus: CMD Puri

India's diversified entity ITC plans to open more hotels overseas with neighbouring countries and the Middle East as primary target markets after opening of its first international property here, company Chairman and Managing Director Sanjiv Puri said on Thursday. The company's arm ITC Hotels, which had opened 22 new properties in the last 24 months, plans to add another 70 hotels in the next five years in India as part of expansion plans in the hospitality sector. Besides the hotels business, the company will look for opportunities to expand the presence of FMCG and other verticals in new overseas markets as well. "We are open to exploring opportunities that come about. I think we have strong credentials in hospitality which we can take outside India now. Very clearly at the moment the focus is on proximal markets, be it for hospitality, be it for FMCG...," Puri said here at a press conference after the opening of the 352-room luxury property, ITC Ratnadipa here. He said as the .

HUL Q4 result: Net profit slips 1.6% to Rs 2,558 cr, demand pickup expected

"We believe that the market is slowly returning to normal. If macros and monsoons do help the agri economy...then that will also add to the change," said Jawa

Supreme Court's whip in Patanjali case a wake-up call for the FMCG sector

Advertising professionals believe that the Supreme Court's action against Patanjali would serve as a deterrent for other brands

Supreme Court expands scrutiny to FMCG after Patanjali misleading ads case

Nestle, Bournvita, and MDH have all come under public scrutiny after reports questioning the quality of the consumer goods emerged within the last month