Aashirvaad
FMCG
FMCG players expect volume trends to sustain amid rising demand in rural markets
PTI -
FMCG majors, including HUL, ITC, Dabur, Britannia, Nestle and Emami, in their June quarter earnings have reported 'green shoots'New Delhi: Fast-moving consumer goods (FMCG) companies expect to sustain volume growth in the coming quarters, buoyed by recovery of demand...
FMCG
FMCG firms report single-digit volume growth with better margin in December quarter
PTI -
Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quartersNew Delhi: Fast-moving consumer goods...
FMCG
ITC’s FMCG biz grows at 14% CAGR in last 3 years, Aashirvaad becomes Rs 8,000 crore brand
PTI -
Its foods business has a CAGR of 13 per cent over 10 years and 3-times growth in last 10 yearsNew Delhi: Diversified group ITC's FMCG business expanded at a compounded annual growth rate of 14 per cent in the...
FMCG
ITC’s FMCG biz records 21% rise in annual consumer spend at Rs 29,000 crore in FY23
PTI -
In terms of distribution reach, ITC's products reached 230 million households in FY23, up from over 200 million households in FY22New Delhi: Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to...
Food
ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd
IANS -
ITC Ltd has entered into a share purchase agreement (SPA) to acquire 100 per cent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices.
In a regulatory filing, ITC...
Food
ITC expects collaborations with unlikely partners to open new distribution channels
FMCG major ITC expects its new collaborations with unlikely partners, including Domino's, Swiggy and Zomato in the wake of coronavirus pandemic and subsequent lockdown opening new distribution channels, to become mainstream in future, according to a company official.
According to...
Food
ITC eyeing strategic acquisitions in FMCG business
IANS -
Diversified conglomerate ITC Ltd is engaging with and investing in start-ups while looking at strategic opportunities for acquisitions to accelerate growth in the FMCG business, its Chairman-cum-Managing Director (CMD) Sanjiv Puri said on Friday."Today, around 25 percent of ITC's...
Food
ITC eyes Rs 1 trillion turnover from FMCG, plans to expand food portfolio
Diversified conglomerate ITC is looking at portfolio expansion in its food division to achieve the stated vision of the company of achieving Rs 1 trillion turnover from FMCG.“The ambition set by our Chairman and Managing Director of Rs 1...
Food
Retail costs involved in brand building
By definition, brand strategy is a long-term plan for the development of a successful brand in order to achieve specific goals. Building a brand and executing a successful retail strategy for it is the top most concern of all...
Food
ITC ropes in Shilpa Shetty for B Natural juice and beverages
ITC's food division has roped bollywood food actress and fitness enthusiast Shilpa Shetty Kundra as the new brand ambassador for B Natural Juices and Beverages, the company said in a statement.
ITC forayed into the Rs 2,500 crore premium packaged...
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