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ITC’s FMCG biz records 21% rise in annual consumer spend at Rs 29,000 crore in FY23

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...

E-commerce operators face problem in GST drive to check fake registration

MakeMyTrip Group VP -Taxation said, GST officials should enquire with head offices with regard to virtual offices before categorizing the state registration as a fake entity New Delhi: The pan-India drive against fake GST registration has created problems for e-commerce companies...

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

FMCG companies are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressuresNew Delhi: Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer...

Mukunda Foods opens 20,000 sq ft manufacturing unit in Bengaluru

The new unit is spread across 20,000 sq ft of real estate and has an installed capacity of 25,000 units per yearBengaluru: Kitchen-tech company Mukunda Foods has opened a new manufacturing unit in Bengaluru, the company said in a...

ITC Master Chef Creations celebrates Republic Day with a sustainable initiative

With every order, the brand is sending a one-of-a-kind plantable paper flagBengaluru: Master Chef Creations by ITC Ltd celebrates Republic Day 2023 with an ecologically-friendly initiative. With every order of Master Chef’s gourmet food, the brand is sending a...

ITC to acquire Yoga Bar; to strengthen presence in healthy foods space

ITC announced the acquisition of Sproutlife Foods Pvt Ltd (SFPL), which owns Direct-to-Consumer (D2C) brand Yoga Bar New Delhi: Diversified conglomerate ITC on Tuesday announced the acquisition of Sproutlife Foods Pvt Ltd (SFPL), which owns Direct-to-Consumer (D2C) brand Yoga Bar.ITC has...

How FroGo is creating a niche in online frozen food delivery

The brainchild of serial entrepreneur, Mira Jhala, FroGo is creating a robust frozen-only distribution channel for new D2C as well as established national brandsBy Anurima DasWith a catchy name and a unique offering, FroGo is catering to the growing...

Bajo Foods raises $2 Mn funding for diabetes and protein based new product brands

Bajo Foods, the parent company of Keto brand Lo! Foods, plans to use the funds for building new product ranges and channel expansion Mumbai: Bajo Foods Private Limited, the parent company of the Keto Brand – Lo! Foods has raised funding...

Inflation for FMCG segment cooling down, volume from rural markets going to improve, says ITC CMD

ITC Chairman Sanjiv Puri said volume growth from rural markets is going to be better as the inflationary pressure on the FMCG calms down New Delhi: Inflationary pressure on the FMCG segment is "cooling off a little" and volume growth...

FMCG firms assure uninterrupted supply amid pandemic-induced curfew

Essential food items are fast disappearing from retail shelves, as well as e-commerce platforms with supplies getting disrupted in some parts of the country due to the recent Covid-induced restrictions. Night curfews and a weekend lockdown implemented in many cities,...
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Swiggy announces 5th ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting...
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