BUSINESS
ITC to take FMCG brands to overseas markets: CMD Sanjiv Puri
The company, with popular brands like Aashirvaad, Sunfeast and Bingo, is looking to export to more than 60 countries, chairman and managing director Sanjiv Puri said at ITC's111th AGM
BUSINESS
HUL sees inflation rising further in September quarter
The company’s management while addressing a post-earnings media briefing indicated that a respite in inflation can be expected only from December quarter if the commodity prices soften.
BUSINESS
Godrej Consumer Products launches ready-to-mix bodywash
The new product launch by the company is an attempt to drive the penetration of bodywashes in the country.
BUSINESS
Consumption has come back across categories: Pepperfry founders
Online furniture retailer Pepperfry enjoyed exponential growth in categories like office furniture during the pandemic. Growth in the segment has slowed as life returns to normalcy.
BUSINESS
These are the highest-paid FMCG CEOs in FY22
Salaries jumped despite companies posting subdued performance
BUSINESS
FMCG sales jump over 14% in June quarter: Bizom
According to data from the retail intelligence platform, sales of fast-moving consumer goods companies jumped in comparison to last year but categories like home care and personal care witnessed a downtrend.
BUSINESS
Who is Pratik Pota, the new Eureka Forbes CEO and MD?
With the transformation specialist Pota at the helm, Eureka Forbes, best known for its vacuum cleaners and water purifiers, will be stepping on the growth pedal. Here is all you need to know about the new CEO and what he brings to the table for the company, now owned by PE player Advent.
BUSINESS
Lifestyle approaches small towns with different concept: CEO Devarajan Iyer
The Landmark Group-owned multi-brand retail store chain, like many peers, is entering small towns. According to CEO Devarajan Iyer, it will tweak its strategy and store formats for tier-II cities.
BUSINESS
FMCG Q1FY23 preview: Inflation may dent volumes, margins for another quarter
Dabur and Marico, in their quarterly updates, reported a decline in margins. Sales volumes, too, remain impacted due to inflation and demand slowdown. Analysts expect other FMCG majors to also report a similar trend and expect a recovery only towards the second half of the year
BUSINESS
Ethnic wear brand Libas looks to raise Rs 150-200 crore for expansion
The company is rapidly expanding its offline presence and will have 50 stores in the country within a year.
BUSINESS
How Puma is tapping Tier-II and beyond markets through co-branded stores
Eyes launching 40-50 co-branded stores in Tier-II and beyond markets within a year; co-branding would be with lifestyle brands such as Levi’s, U.S. Polo Assn, Pepe Jeans, United Colors of Benneton, Wildcraft, Spykar, and Mufti.
BUSINESS
Plastic makers left in the lurch after government bans single-use plastic
Thousands of small enterprises making single-use plastic and related businesses claim to be on the verge of bankruptcy with the ban on certain products. The lack of dialogue with the government and the absence of a rehabilitation package has disgruntled manufacturers.
BUSINESS
Now, value retailers experience slackening demand due to inflation
Retailers such as V-Mart Retail, V2 Retail, and 1-India Family Mart reported a dip in sales for the June quarter due to subdued demand, especially in rural areas.
BUSINESS
Metro Cash and Carry violated government norms: CAIT
The Confederation of All India Traders (CAIT) urged the government to probe the cash and carry player accusing it of selling to consumers even as it operates a B2B model in India.
BUSINESS
We rather build our own D2C play than acquire startups: Vineet Agrawal Wipro Consumer Care CEO
While it is not interested in acquisitions, Wipro Consumer Care has been funding startups through its venture investment arm
BUSINESS
Operating environment highly volatile amid geopolitical tensions, supply chain challenges: N Chandrasekaran
The demand-supply mismatches in crude and several other commodities are driving inflation, which will likely impact demand across categories in this uncertain environment, said Tata Sons Chairman N Chandrasekaran while addressing shareholders at Tata Consumer Products’ 59th Annual General Meeting.
BUSINESS
Small FMCG companies struggle, though consumers switch to cheaper products
Inflation across categories has hit small packaged consumer goods companies more than their larger rivals given their thin cash reserves and inability to pass on the cost increase to consumers in the face of tepid demand.
BUSINESS
What’s good for India is good for HUL: Chairman Nitin Paranjpe at 89th AGM
As its parent Unilever undergoes major restructuring, HUL in February separated the positions of chairman of the board and the CEO and managing director of the company and announced the appointment of Nitin Paranjpe as its non-executive chairman and non-executive director, effective March 31.
BUSINESS
How ASICS is targeting small-town India
The Japanese footwear manufacturer currently operates 20 stores in tier-II and beyond cities and plans to open 10-12 stores in small towns by the end of 2024.
BUSINESS
Explained | How will decline in edible oil price impact FMCG companies, consumers
Profit margins of top FMCG companies like Hindustan Unilever and Godrej Consumer Products have been under stress for several quarters now on account of a significant jump in the prices of commodities such as palm oil
BUSINESS
Beer makers record sales surge after a lull of two years
Beer sales exceed pre-pandemic levels in 2022 after a two-year lull caused by COVID-19. Input price inflation remains a key concern for brewers.
BUSINESS
Explained: Revlon goes bankrupt. What went wrong with the cosmetics giant?
Revlon filed for bankruptcy, citing supply chain challenges and mounting debt. The company said that move will allow it to strategically reorganise its legacy capital structure and improve its long-term outlook.
BUSINESS
Chai Point’s growth ambition rides on vending machines
The company, which runs tea outlets across the country, is aspiring to become the largest brewer of tea and coffee in India.
BUSINESS
Explainer: How a plastic straw ban will impact beverage makers
Makers of non-alcoholic beverages are dreading a plastic straw ban that could dent the sales of some popular products, for instance Parle Agro’s Frooti or Amul Buttermilk.
