Certain shareholders of the Rajasthan-based company, including two promoters, plan to offload around 2.94 crore shares through the OFS route
Small part of proceeds will also go towards expanding its edible oil capacity in eastern India, where its capacity utilisation is high and the market is growing at a fast pace
Britannia will launch Good Day Harmony and two other variants in the premium segment
True Elements, amongst India's leading healthy breakfast & snacks start-up brand, is now certified 'Clean Label' by the Clean Label Project, US.Anchored on the promise of providing 'Food that DOES NOT lie to you,' this certification is a testament to the brand's commitment to consumer health & delivering taste without any ingredient driven compromises or adulteration. True Elements rests on 4 pillars of True - True to our Food (Nutrition), True to our Word (Transparency), True to our Planet (Recycle), and True to our Families (People).With the new certification, True Elements becomes the only Indian food brand to be globally recognised as both 'Clean Label' & '100% Wholegrain'. These coveted accreditations are awarded by leading US based non-profit organizations, Clean Label Project & Whole Grains Council respectively, who are known for raising the bar globally on food nutrition, food safety and driving consumer transparency.These stamps of credibility provide .
Completes 20 years of Fortune brand of edible oil and foods with a turnover of over Rs 30,000 crore; sees packaged staples biz at 3x that of cooking oil in 5 years
Companies say they would prefer clear direction from governments that would create standard rules rather than navigating the existing maze of voluntary intiatives
While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy
A ready-to-cook food brand looks to stay relevant, even as its core promise of convenience is knocked over by a host of new players
Branded salty snacks in India, according to industry estimates, is pegged at around Rs 25,000 crore
The desire to eat local, is driving the rise of Indian snacking brands despite the phenomenal rise in global options on Indian shelves
Even as the business of food booms across the world, growing concern over diets, wellness and healthy lifestyles is redefining the way brands interact with consumers