BUSINESS
Inputs prices expected to extend surge: Nestle India’s annual report
According to Nestle India, food prices shot up by 22 percent in 2021, reaching their highest level in a decade. Prices of vegetable oils, cereals and dairy products increased sharply.
BUSINESS
Nestle India CMD Suresh Narayanan drew over Rs 18 crore salary in 2021
Narayanan, who was the highest-paid FMCG CEO in 2020, saw a 9 percent jump in his pay package for the year 2021.
BUSINESS
How Puma scored over Nike, Adidas in the Indian market
Puma India reported net revenue of over Rs 2,000 crore despite a challenging environment in 2021, aided by its digital push and consumer trends towards athleisure and fitness.
COMPANIES
Starbucks rival coffee chain Tim Hortons to launch in India
Tim Hortons, a competitor of Starbucks, is targeting to open 120 company-operated stores in the country in the next three years.
BUSINESS
Jubilant FoodWorks stock crashes as Pota leaves. Here are its main challenges
Brokerages such as Jefferies and Edelweiss said the company’s continued growth hinges on getting the right fit as the next CEO.
BUSINESS
Pratik Pota resigns as CEO of Jubilant FoodWorks
Pota had joined Jubilant FoodWorks, that holds the franchise of Domino’s in India, in 2017 and is credited with the company’s turnaround.
BUSINESS
A former HUL executive at the helm: What does it mean for Colgate-Palmolive?
According to analysts, the appointment of the new CEO bodes well for the consumer goods company and is positive for stock returns.
BUSINESS
FMCG companies turn to social media for new product development
Companies such as ITC, Godrej Consumer Products and Tata Consumer Products are using insights drawn from social chatter and customer feedback on social media to launch new products and variants.
BUSINESS
HUL announces key changes to the management committee
In February, HUL had announced the splitting of chairman and MD and CEO positions and appointed former CEO Nitin Paranjpe as the new chairman of the Indian unit.
BUSINESS
Social commerce emerges as major channel for D2C beauty brands
Direct-to-consumer brands in the beauty and personal care business are actively tapping social commerce and video commerce platforms such as Bulbul TV, Simsim, Trell and Shopsy that have caused their sales to surge.
BUSINESS
What drives the craze for mango-based drinks Maaza, Frooti in India?
Mango-based drinks command about 75 percent of the Rs 12,000 crore packaged juice market in India and are growing at 9-10 percent every year.
BUSINESS
These former Nike, Adidas executives are building a startup for ‘growing feet’
Plaeto founded in 2020 by Ravi Kallayil, Pavan Kareti and Sara Kilgore is developing and selling shoes to meet the need of school-going children.
BUSINESS
Consumer goods companies on a tightrope as Ukraine-Russia war fuels further inflation
FMCG companies have been struggling with a rise in input costs for several quarters now. However, a tepid consumption scenario makes it challenging for these companies to pass on the increased costs to consumers, putting their margins under stress.
BUSINESS
Idli-dosa war: MTR takes on iD Fresh Food in latter’s own stronghold
MTR Foods, in 2021, introduced MTR Minute Fresh, a new range that includes wet idli and dosa batter, and launched an ad campaign targeting its competitor, iD Fresh Food.
BUSINESS
Soap bar sales decline as COVID-19 pandemic ebbs
When the COVID-19 pandemic hit, demand for soap bars soared across the country as people followed medical advice and washed their hands frequently to avoid infection.
BUSINESS
Parle Products witnesses revival in rural demand as consumers limp back to normal
Consumers have started venturing out as the third wave ebbs, says firm.
BUSINESS
What Nitin Paranjpe’s appointment as non-executive chairman means for HUL
Paranjpe is part of the Unilever Leadership Executive. He will become chief transformation officer in April and will lead the company as it goes through a major restructuring.
BUSINESS
Why edible oil prices are set to surge again
A slew of measures by the government last year had reined in the prices of edible oils such as palm oil, mustard oil and soybean oil but with rising geopolitical tensions and export restriction by Indonesia, prices will skyrocket again, indicate industry stakeholders.
BUSINESS
The Man Company enters nutraceuticals with dissolvable vitamin strips
The Emami-backed company has launched the product in the form of dissolvable strips, which need not be swallowed
BUSINESS
Explained | Why daily essentials are getting dearer and when can we expect inflation to wane
Rising tensions between Russia and Ukrainian, supply disruptions and shortages are driving up the prices of most commodities. Consumers are facing the pinch as companies pass on the increase in costs.
BUSINESS
We are betting on the middle class of India: Sachin Jain, MD, De Beers India
The Indian unit of diamond giant De Beers is seeking to tap the growing popularity of diamonds and launching boutique stores and expanding its presence in India, said Sachin Jain, MD, De Beers India.
BUSINESS
Inflation is here to stay, says Nestle India MD Suresh Narayanan
As it battles increased inputs costs on several fronts due to inflation, Nestle India hiked the price of its products by 1-2 percent in the quarter gone by and indicated that it might look at further price hikes going ahead.
BUSINESS
FMCG sales set to see recovery in February, indicates data
If the upward trend in sales continues, February may prove to be a better month for FMCG companies compared to January.
BUSINESS
Aditya Birla Fashion and Retail sets sights on 10 digitally native brands for its D2C play
Aditya Birla Fashion and Retail also plans to launch five-six direct-to-consumer brands in-house as it eyes a play in the fast-growing direct-to-consumer segment, the fashion retailer’s Managing Director Ashish Dikshit told Moneycontrol.
