Packaged Food Makers

US govt will work with food makers to stop use of artificial dyes

Food and Drug Administration Commissioner Marty Makary said Tuesday that the agency would work with the industry to eliminate six synthetic dyes by the end of 2026

ITC set to acquire 24 Mantra Organic brand in Rs 472.5 crore deal

Multi-conglomerate ITC on Thursday said it will acquire Sresta Natural Bioproducts, engaged in the manufacturing and sale of organic packaged food products under the 24 Mantra Organic brand, for about Rs 472.50 crore. It has signed a share purchase agreement to acquire a 100 per cent stake in Sresta Natural Bioproducts Private Limited (SNBPL), ITC said in a regulatory filing. The acquisition is "in line with the strategy to augment the company's future-ready portfolio, the transaction will fortify ITC's presence and market standing in the high growth organic products segment in both Indian and overseas markets," it added. SNBPL's portfolio comprises a wide range of over 100 organic products, spanning branded grocery staples, spices and condiments, edible oils, and beverages, among others. Besides, it has a strong international presence with a deep connection with the Indian diaspora. "The share acquisition is expected to be completed in Q1 of FY 2025-26 or such later date as may be

Global companies likely to be affected by Trump's promised tariffs

US automaker Tesla encouraged its Chinese suppliers to set up plants in Mexico in 2023 to mainly supply its planned factory in Mexico

Carrefour teams up with Dubai's Apparel Group for expansion in India

India is grappling with severe food price inflation, which accounts for nearly half of the overall consumer price basket, weighing on the country's fast-growing economy

ITC beats Britannia, becomes India's second-largest packaged foods company

ITC's latest annual report shows that its foods business clocked sales of Rs 17,194.5 crore in the fiscal year ending March 31, 2024

Package deal: How FMCG brands are leaving consumers spoilt for choice

The shelves in stores are packed. The options on e-commerce platforms are dizzyingly aplenty. The consumer is spoilt for choice. Which flavour of oats to go for? What packet of chips to pick?

Britannia Q3 results: Profit falls 2% to Rs 761 cr on soft rural demand

The weak earnings come in face of intense price competition. The company has previously mentioned reducing certain product prices after competitors took advantage of declining raw material expenses

Bikaji Foods Q3 results: Profit up 14% on strong demand for packaged sweets

Consolidated net profit stood at Rs 46.62 crore ($5.6 million) for the three months ended Dec. 31, compared with Rs 40.74 crore a year earlier

Bikano sets up new plant in Greater Noida, seeks Rs 1,800 cr turnover

Packaged foods company says it aims to have more customers with omni-channel approach

Britannia soars 5% to hit record high on strong Q3 operational performance

The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY

Wipro acquires packaged traditional food and spices brand Nirapara

Wipro Consumer Care on Monday announced its entry into the packaged food and spice segment by acquiring Nirapara, one of the largest-selling traditional food brands in Kerala. The deal size was not disclosed by the company. The Wipro group arm has signed a definitive agreement with Nirapara, a company statement said. With this acquisition, Wipro Consumer Care joins FMCG firms such as Dabur, Emami, Tata Consumer Products Ltd and ITC, which are already present in the spices market. Launched in 1976, Nirapara is known for its blended spices. The brand leads in producing a large variety of spice mixes, and rice powder used in making 'appam', 'idiyappam', etc. "Nirapara is our 13th acquisition and gives us a clear foothold in the spices and read-to-cook segment," Wipro Consumer Care and Lighting and Executive Director - Wipro Enterprises Vineet Agarwal said. Presently, Nirapara's 63 per cent business comes from Kerala, 8 per cent from rest of India and the remaining 29 per cent from .

Limit use of 'fancy adjectives' on labels, ads: FSSAI to food companies

FSSAI said that if these 'fancy' adjectives are 'likely to mislead the consumer as to the nature of the food', the companies must put up a disclaimer on the front of the pack

Nestle has bigger appetite for India; increasing presence in rurban markets

The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets

Bikaji Foods m-cap crosses Rs 10,000 crore; stock 36% above issue price

At 10:33 am; the stock traded 6.8 per cent higher at Rs 405.35, with a market capitalisation of Rs 10,114 crore, the BSE data shows

Foreign food manufacturers have to register in India for some exports

Rule applies for exports in five categories of items, says regulator FSSAI

Tata group in talks with Bisleri to acquire a stake in company: Report

Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources. It is in a very preliminary stage and would be premature to say a deal would fructify, a person in the know of the development said. The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment. The talks are understood to have been initiated by the Tata group FMCG arm TCPL. However, when contacted both the companies denied commenting over the development. "Tata Consumer Products does not comment on market speculation," said a Tata Consumer Products spokesperson in an e-mailed reply. A Bisleri International spokesperson also said it "does not comment on market speculation". According to industry observers, if the deal is finalised, it would provide the Tata group F

Farm to Fork: Food firms wait for commodity prices to cool further

The second of a four-part series focuses on how food companies are yet to pass on the benefit of the decline in input prices to consumers

Indian packaged food market to be double in 5-10 years: Nestle India CMD

This will be led by factors that include economic growth, demographic dividend and growing e-commerce, said Nestle India Chairman and Managing Director

Mrs Bectors subscribed 198 times, highest ever for a Rs 200-cr plus IPO

Generated bids worth over Rs 40,000 cr. Previously, only three tiny issues have garnered more than 200x subscription

Packaged food firms may witness growth rebound soon, say analysts

While reports of slower sales growth in August pulled down share prices on Monday, analysts say medium term outlook remains healthy