The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.
Firm to focus on new launches with high margins and high growth
There are expectations of a good kharif crop as well
Says 1.5 mn jobs lost because of such trade; FMCG sector worst affected
Food companies are still in wait and watch mode
According to the Reliance Retail's annual reports, the company will seek shareholders' approval in the September 30 annual general meeting
Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018
By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business
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Reliance Industries' entry in the FMCG sector will heat up competition in the space dominated by the likes of HUL, ITC, Nestle India and Patanjali. Will Reliance be a disruptor in this segment too?
In comparison, urban sales were up 5.5% month-on-month
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Reliance acquired Campa from Delhi-based Pure Drinks Group for around Rs 22 crore. It is expected to relaunch the drink in its iconic cola, lemon, and orange flavour in October
5G, new energy, O2C, retail, FMCG among growth engines for company, says Ambani
FMCG firm Marico will continue to expand its health care brand Saffola as it aspires to build an Rs 850-1,000 crore business from its food portfolio by FY24, said a top company official. In the last two years, Marico has extended the brand Saffola in immunity, foods and recently launched mayonnaise and peanut butter, its Managing Director and CEO Saugata Gupta said. "We will continue to launch a significant aggressive innovation programme under the brand Saffola in line with our aspiration to create Rs 850-1,000 crore food portfolio by FY24," Gupta said while replying to the queries of shareholders in the AGM. Marico will continue to launch and expand the addressable market in the segment through Saffola or any new brand. Under the brand Saffola, Marico is selling various products, including noodles, oats, honey and immunity booster Chyawanprash, besides the edible oil. The food portfolio of Marico has already achieved the aspiration of reaching Rs 450-500 crore topline in FY22, G
In the non-foods space, it has entered the personal care and home care business
For the next 12-18 months, the focus will be more on the core because there's a lot that can happen there
The comapny has invested not more than a few (Rs)100 crore in its nano factories without giving the exact investment figure
Marico, which has three D2C (direct to consumer) brands in its fold, now sees business worth Rs 500 crore from these internet-first FMCG offerings, the company's Chairman Harsh Mariwala said
The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)