ITC
FMCG
ITC shares in the spotlight as Wells Fargo offloads stocks worth Rs 106 crore
PTI -
The shares were disposed of at an average price of Rs 401.60 apiece, taking the transaction value to Rs 106.62 croreNew Delhi:Â ITC shares are likely to remain in focus after financial services company Wells Fargo offloaded stocks worth...
FMCG
ITC to acquire Prasuma and Meatigo, to expand in frozen food segment
PTI -
ITC has been operating in the Frozen Foods market under the ‘ITC Master Chef’ brand from 2019New Delhi: Conglomerate ITC on Thursday announced to acquire ‘Of Prasuma’ and ‘Meatigo brands expanding its presence in frozen, chilled and ready-to-cook foods.ITC...
Food & Beverage
Union Budget 2025: QSR industry seeks tax relief, policy support
Industry leaders are now calling for policy interventions to ease financial pressures and drive sustainable growth, particularly in Tier 2 and Tier 3 cities.New Delhi: The Quick Service Restaurant (QSR) industry in India is facing a crucial moment as...
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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...
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ITC Q1 net profit flat at Rs 5,177 cr, revenue up 7.5% to Rs 20,029.5 cr
PTI -
Gross Revenue was up "in a challenging operating environment, driven by Hotels, Value Added Agri products and Leaf Tobacco," said ITC in an earning statementNew Delhi: Diversified group ITC Ltd on Thursday reported a marginal decline in consolidated net...
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Food services sector set to reach Rs 7.76 lakh cr by FY28: NRAI
PTI -
The sector has recovered from the setback of the COVID-19 pandemic during which it shrunk to Rs 2 lakh crore in FY21New Delhi: India's food services sector is estimated to grow by 8.1% to reach a size of Rs...
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ITC Q4 profit marginally down to Rs 5,191 cr, revenue up 2% at Rs 19,446 cr
PTI -
Revenue from operations in the fourth quarter was at Rs 19,446.49 croreNew Delhi: Diversified entity ITC Ltd on Thursday reported a marginal decline in consolidated net profit at Rs 5,190.71 crore for the fourth quarter ended March 31,...
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Punjab Grill partners with cutlery manufacturer Venus IndustriesÂ
This multi-year partnership will bring Venus' Pristine Gold Collection to the tables of Punjab Grill
New Delhi:Â Fine dining restaurant chain Punjab Grill has partnered with Venus Industries - a stainless tableware and kitchenware brand, a release by the company said...
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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...
Food & Grocery
Spencer’s Retail exited loss-making Kerala, TN to double-down on focused markets: Anuj Singh, MD
Anuj Singh of Spencer's speaks about the ongoing slowdown in the retail business, the proliferation of products for retailing and much moreNew Delhi: Anuj Singh, managing director of Spencer’s Retail, is an industry veteran with almost three decades of...
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Fruit exports from India grow 47% in 5 years: Govt in RS
The minister assured the members that the government is doing everything to ensure the quality of our products and...
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