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HUL expects improvement in FMCG demand with no price hike in short term

HUL has already completed the process of price correction in all portfolios in the last few quartersNew Delhi: Leading FMCG maker HUL expects an overall improvement in the demands gradually with no immediate price increase in the near term,...

How FMCG companies are rethinking packaging to become eco-friendly

More and more companies are opting for sustainable approaches to packing of FMCG products for e-commerce. Here’s an overview of what’s happening on this front…In the ever-evolving landscape of fast-moving consumer goods (FMCG), e-commerce continues to expand rapidly, influenced...

Improving macro-indicators, good monsoon to drive consumer demand for FMCG products

The industry expects a mid-to-high-single-digit growth in value/volume in the January-March period, along with a continuation of the gross margins expansion trend, helped by deflation in input costNew Delhi: Leading industry players expect improving macro-indicators and expectations of good...

Pansari Group eyes 50% revenue surge in FY2025

The Group expects 20% of its revenue to come from value-added products, a segment which it is focusing on aggressively this fiscal'Mumbai: Delhi-based FMCG player Pansari Group is expecting a 50% increase in revenues in financial year (FY) 2025...

Varun Beverages completes acquisition of South African bottler BevCo

VBL has also issued a corporate guarantee amounting to South African Rand (ZAR) 1,500 million (around Rs 660 crore) to secure credit facilities extended to BevCo by the FirstRand Bank thereNew Delhi: Varun Beverages Ltd, PepsiCo's largest franchise bottler,...

In a first, Amul to launch fresh milk in US within a week: MD Jayen Mehta

With Gujarat Cooperative Milk Marketing Federation (GCMMF), Amul will be launching four variants of milk in the US market within a weekNew Delhi: For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative...

Evaluating various future options for ice cream business in India, says HUL

The company intends to transform itself into a simpler, more focused and higher-performing company by separating the ice cream business, a move expected to result in a loss of 7,500 jobs.New Delhi: Hindustan Unilever on Tuesday said it is...

Kumar Venkatasubramanian to be new CEO of P&G India

Kumar Venkatasubramanian will take charge from May 1, 2024 replacing LV Vaidyanathan who served P&G for 28 years. New Delhi: Kumar Venkatasubramanian will take over as the Chief Executive Officer of Procter & Gamble India, from 1 May 2024, as...

ITC becomes the second company after Amazon to use inland waterways

ITC Limited joined hands with Inland Waterways Authority of India to ship FMCG products through inland waterways using National Waterway 1New Delhi: ITC has become the second company after Amazon to use inland waterways for commercial transport, an official...

BAT to sell up to 3.5% stake in ITC via block trade

Based on Tuesday's closing price of Rs 404.25 per share, the value of the total ITC shares planned to be sold by BAT is around Rs 17,659.72 croreNew Delhi: British multinational BAT PLC on Tuesday said it plans to...

FMCG sector to see subdued growth till September quarter of 2024: Report

The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products.New Delhi: The fast-moving consumer goods sector will have a "subdued" growth till September quarter in 2024 due to...

Eggoz crosses Rs 100 Cr net annual recurring revenue

Eggoz is  growing in a $12 billion market at a 15% compound annual growth rate (CAGR) New Delhi: Gurugram-based egg-focused consumer brand Eggoz has crossed Rs 100 crore in net annual recurring revenue within three years of launch, a release...

Hindustan Coca-Cola Beverages to invest Rs 350 crore in Madhya Pradesh

The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore.New Delhi: Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs...

SC observations on ads by promoter group won’t affect business operations: Patanjali Foods

Out of 73.82 per cent promoter stake, Patanjali Ayurved has 32.37 per cent stakeNew Delhi: Patanjali Foods, which is part of Baba Ramdev-led Patanjali Group, on Tuesday said the company's business operations and financial performance will not be impacted...

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An American or a British model doesn’t work in India. It must be Indianized: Abhijeet Anand, AbCoffee

Abhijeet Anand, founder and chief executive officer of AbCoffee talks about the changing lifestyles of Indians; the future of...
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