BUSINESS
Frozen foods category growing rapidly on e-commerce channel: Abhay Parnerkar of Godrej Tyson Foods
Speaking on the sidelines of a new product launch, Abhay Parnerkar, CEO of Godrej Tyson Foods shares how e-commerce is helping the frozen foods category grow further.
BUSINESS
Value retail suffers as inflation hits demand
While most retailers operating in the premium segment reported growth in sales during the quarter gone by, value retail brands such as V-Mart and Pantaloons saw a slump.
BUSINESS
Beer maker AB InBev enters the whiskey category in India
The maker of popular beer brands such as Budweiser, Corona, and Hoegaarden has marked its entry into the spirits category with the launch of blended American whiskey under its brand Magnum Double Barrel.
BUSINESS
Partial wedding demand has already been captured: Ramesh Kalyanaraman of Kalyan Jewellers
After the festive sales, jewellery businesses have now set their sights on the wedding season, which contributes significantly to their sales. Top jewellery retailer Kalyan Jeweller’s executive director, however, feels that this demand has been partially captured during the festive sales in October.
BUSINESS
Exclusive: D2C skincare startup BrownSkin Beauty raises Rs 3.5 crore from Sequoia Capital India
The company, said sources close to the development, plans to use the funds for expanding its product portfolio.
BUSINESS
Exclusive | Tata Consumer Products launches fruit-based drinks under NourishCo
Tata Consumer Products is rapidly expanding its subsidiary NourishCo’s product portfolio. The company earlier this year launched honey and preserve products under its premium packaged water brand Himalayan.
BUSINESS
Bikaji Foods IPO: How traditional savouries captured the organised packaged snacks market in India
The organised traditional snacks market in India is expected to double to Rs 20,400 crore by fiscal 2026, according to Bikaji Foods, aided by rapid urbanisation, a shift towards branded products and export demand.
BUSINESS
Rupee depreciation to worsen FMCG inflation woes
Inflation has been a challenge for packaged consumer goods makers since the onset of the COVID-19 pandemic. The rupee’s fall against the dollar is set to worsen their struggle.
BUSINESS
Food aggregators vs restaurants: what’s cooking?
Restaurateurs say Zomato and Swiggy are compelling them to offer heavy discounts to dine-in customers, hurting the only profitable part of their business
BUSINESS
Badshah acquisition to help Dabur become a complete food and beverage company: CEO Mohit Malhotra
Dabur India on October 26 announced the acquisition of Badshah Masala for over Rs 587 crore, making an entry into the spices and seasoning business
BUSINESS
Unilever recall of dry shampoos not to impact India: HUL
The FMCG major in a media statement said that it does not manufacture or sell dry shampoos under Dove or any other brand in India.
BUSINESS
What’s fuelling the popularity of breakfast cereals in India?
Rising health consciousness, emergence of new categories like oats and muesli, and new channels like e-commerce have led to the wider adoption of breakfast cereals in the country. According to one estimate, the market is set to touch Rs 4,010 crore in 2022 from Rs 3,495 crore in 2021.
BUSINESS
Run-up to peak festive season fails to set FMCG sales, rural demand on fast track
Hindustan Unilever, Tata Consumer Products, and ITC said rural demand suffered and prices of several key commodities were elevated.
BUSINESS
Inflation remains a challenge for FMCG industry: HUL management
Hindustan Unilever’s management indicated that the company expects the net material inflation in the December quarter to be slightly lower than the September quarter.
BUSINESS
Nestlé launches direct-to-consumer platform MyNestlé
FMCG and food products major on October 19 announced the launch of its direct-to-consumer platform MyNestle. With the announcement, the company has joined the ranks of HUL, ITC, Marico, etc, which too had launched their D2C platforms in the past.
BUSINESS
V-Mart Retail, Unlimited’s e-commerce portals to be merged with LimeRoad: CMD Lalit Agarwal
The value retail company plans to leverage LimeRoad’s digital expertise to gain a foothold in the e-commerce channel as part of its plans to phase out its direct-to-consumer platforms for its brands V-Mart and Unlimited.
BUSINESS
Festive season brings brisk sales for packaged foods and beverages
Consumers are splurging on food products this festival season after two years of lull, thanks to the pandemic, reported companies operating in the segment, such as Parle Products, Amul, and Bikanervala Foods.
BUSINESS
Rural FMCG sales decline in run-up to festivals, data shows
The findings paint a grim picture for the FMCG industry ahead of the July-September quarterly earnings season.
BUSINESS
Retailers baulk at proposal to share online sales revenue with shopping malls
The emergence of the omnichannel model has led to a debate in the retail industry about whether retailers should share the revenues generated through online sales that are processed on the mall premises with mall developers
BUSINESS
MC Explains: Why FMCG companies aren’t in a rush to lower prices
Prices of several input commodities have started stabilising, giving the FMCG industry some much-needed relief. Here’s why consumers might have to wait a while for prices of products in their shopping baskets to drop
BUSINESS
Malls anticipate ‘bumper season’ this Diwali as pandemic ebbs
It’s a ‘normal’ festive season in shopping centres after two years of disruption due to the pandemic and expectations are high going ahead.
BUSINESS
Liquid detergent gains penetration in India even as handwash declines
Several products introduced by the FMCG companies in a liquid format such as liquid detergents, face washes, and dish wash liquids have seen increased adoption, according to data from market research firm Kantar. Handwashes, however, are witnessing a decline after the pandemic-led surge.
BUSINESS
Luxury brands get half of their sales from e-commerce: Saxena of Tata CLiQ Luxury
Tata CLiQ Luxury is launching categories such as sports and fitness and home furnishings on its platform.
BUSINESS
Bacardi to launch non-alcoholic cocktail mixers in India
Sameeksha Uniyal, brand lead -Brand Bacardi, Bacardi India and South East Asia, said the consumer preference have evolved towards convenient drinking options with the pandemic and the launch is an attempt by the company to tap this trend.
