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Dabur India reports 10 pc decline in Q1 net profit

FMCG major Dabur India has reported a 9.80 per cent decline in consolidated net profit at Rs 264.86 crore for the first quarter ended June on account of de-stocking by trade partners ahead of GST rollout. According to a PTI...

Top 12 Retail and Consumer Products Billionaires in India 2017

American business magazine Forbes released its annual list featuring richest people in the world on March 20, 2017. It was a record year for the richest people on earth, as the number of billionaires jumped 13 per cent to 2,043...

GST to have short-term adverse impact on sales and profit: Dabur

FMCG major Dabur said GST will leave a short-term adverse impact on its sales and profits due to destocking at trade channels but the tax reform will be beneficial in the 'medium-to-long run'. According to a PTI report: However, the...

FMCG cos expect dip in inventory levels, normalcy in Q2 in the run up to GST

FMCG firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory levels in the run up to GST, the new indirect tax regime, from July 1. According to a...

Dabur SA to acquire personal care products firms

Dabur India has said its wholly-owned subsidiary Dabur South Africa will acquire two personal care products company in that country for a total cash consideration of 50 million rands (about Rs 25 crore). According to a PTI report: The companies...

Dabur completes acquisition of South Africa based-CTL Group's select business

Homegrown FMCG major Dabur said that it has completed acquisition of personal, hair care and creams businesses of South Africa based-CTL group of companies. According to a PTI report: In November last year, Dabur said its arm Dabur South Africa...

Dabur commissions new manufacturing facility in Assam

Dabur India Ltd, one of India’s leading consumer products manufacturer, on Wednesday commissioned its new manufacturing facility in Tezpur, Assam. The plant, set up with an investment of Rs 250 Crore, is the most modern and environment friendly manufacturing...

Budget 2017: FMCG players expect the Govt to enhance rural spending, rip taxes

Government's move to enhance rural spending through welfare schemes like MGNREGA and reduction in tax rate on basic income slab would help drive demand for products, say leading FMCG firms. PTI quoted Managing Director, Godrej Consumer Products Ltd (GCPL), Vivek...

Centre approves to set up mega food park in Mandsaur

The Union Government has accorded approval to establish a mega food park in Daloda tehsil of Madhya Pradesh's Mandsaur district. "Ministry for Food Processing Industry of the Union Government has given the approval to establish mega food parks in seven...

Patanjali ate into share of some of the biggest brands in 2016: Report

Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, was the biggest disruptive force in India's fast moving consumer goods (FMCG) market, according to a report. "Patanjali Ayurved has turned out to be the most disruptive force in the...
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Dmart most-valuable India co founded by self-made entrepreneur post-2000

Tomato's rival Swiggy, founded by Sriharsha Majety and Nandan Reddy came in third with a valuation of Rs 1.01...
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