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BUSINESS
Society Tea striving to become a national brand, says Director Karan Shah
India is the second-largest producer of tea, globally, after China. The local tea industry in India has a market value of more than Rs 12,000 crore.
BUSINESS
This week in hospitality industry: Night curfew dampens year-end cheer; license fee gives some relief
Just a week ago the restaurant association had written to the government seeking permission to operate restaurants for an additional two hours for the month so that they could earn some revenue.
BUSINESS
Bar owners welcome Maharashtra government’s move to cut license fee
The liquor shops were shut between 38 days to 190 days during the lockdown period and the concessions were granted considering the losses due to the lockdown.
BUSINESS
Retailers must use AR/VR technologies to bring in-store experience to online channels: Capgemini’s Nayak
In the current scenario, the fear of getting infected with the deadly virus has prompted customers to shop online
BUSINESS
Maharashtra night curfew dampens year-end hospitality cheer
Just a week ago the restaurant association had written to the Government requesting for restaurants to be allowed to operate for an additional two hours for the month so that they could earn some revenue
BUSINESS
As skin care takes precedence, beauty brands struggle to sell face cosmetics
With health and hygiene products taking priority, and people largely staying home or wearing masks when they venture out, facial products have remained unused. Consumers aren’t buying more, for now, and this has hit the facial cosmetics segment of the beauty industry hard, with one top brand saying it has seen sales of such products plunge 90 percent
BUSINESS
This week in FMCG: Stellar response to Mrs Bectors' IPO; Next one from KFC, Pizza Hut operator?
Sapphire Foods is managed by a team of professionals led by Group CEO Sanjay Purohit, who has earlier had stints at Levi Strauss & Co, Cadbury India & Asia Paints
BUSINESS
Meet the woman behind IPO star Mrs Bectors Food Specialities
Rajni Bector started the business in a backyard with an investment of just Rs 20,000. Today it is a household name in North India and has grown into a Rs 1,000 crore business exporting its products to 60 countries and employing over 4,000 people
BUSINESS
Most of our group businesses are back at pre-Covid levels: Raymond Chairman Gautam Singhania
The Raymond group, which has interests in the textile, apparel, FMCG, engineering, prophylactics and real estate sectors, was battered by Covid. In FY20, it recorded consolidated revenue of Rs 3,186 crore, only to see this shrink to a mere Rs 24 crore in the first quarter of FY21 and Rs 254 crore in the second quarter. But with the economy opening up, Chairman and Managing Director Gautam Hari Singhania told Moneycontrol things are looking up for Raymond with most group businesses at 90 percent of their pre-Covid levels
BUSINESS
This week in FMCG: Honey adulteration controversy continues; CSE vs FSSAI, firms launch sugar-free products
NMR is the advance technology to detect adulteration in honey with sugar syrups by molecular separation and identification. It is the only test that can detect the new modified ‘Chinese sugar’ being used to adulterate honey.
BUSINESS
COVID Impact | FMCG firms rush to launch sugar-free, low-calorie products as demand shoots up
There is a rapid increase in demand for less sugary and immunity-boosting products, as more and more Indians seek solutions to boost overall health and wellbeing.
BUSINESS
Honey adulteration | FSSAI needs to strengthen testing standards, says CSE's Amit Khurana
In an interaction with Moneycontrol, Programme Director of the CSE’s Food Safety and Toxins Amit Khurana said Indian standards are not enough to detect adulteration in honey.
BUSINESS
Farmers' protest | What Maharashtra farmers have to say about the farm laws, contract farming
Some of the farmers, who have already taken up contract farming, are worried that laws may empower the companies even more and wonder how that would impact them.
BUSINESS
Bee-keepers feel the sting of falling honey prices. Who’s to blame?
While it may be difficult to pinpoint the exact reason for the fall in prices, the recent finding by the CSE that honey is mixed with sugar syrup and sold as pure honey, does not bode well for the bee-keeping industry.
BUSINESS
Demand for ergonomic furniture hits all-time high, but furniture firms refuse to disclose sales figures
Pepperfry claims sales of study tables and office chairs increased by 250 percent and 400 percent, respectively, in August 2020, from pre-COVID levels. Flipkart says it is witnessing heightened demand for ergonomic furniture such as office chairs. Even mattresses, bean bags, lights, and table décor see rise in demand.
BUSINESS
This week in FMCG industry: Burger King's IPO, adulterated honey controversy and the demise of MDH's Dharampal Gulati
The week that went by had a mix of good and bad news. Read this weekly wrap to get hold of the top stories in the FMCG industry:
BUSINESS
Nykaa adopts 360-degree marketing strategy to promote products; but influencers play a vital role
One of the most important aspects of promoting products through influencers is that the cost of marketing goes down
BUSINESS
Adulterated honey controversy: This is what brand experts say
While Dabur holds a larger market share in the honey market, there are competitors such as Patanjali, Baidyanath, Zandu, Hitkari and Apis Himalaya, with Marico’s Saffola being the latest entrant in the honey space.
BUSINESS
MDH’s Dharampal Gulati, the school dropout who became India’s highest paid FMCG CEO, is no more
His father founded MDH Spices in 1919. Dharampal Gulati turned it into a Rs 1,500 crore empire and along the way became a household name. He was said to donate nearly 90 percent of his salary, which stood at Rs 21 crore in 2017, to charity
BUSINESS
Immunity-boosting products outperformer for Dabur; sales of sanitiser drops: CEO Malhotra
The 136-year-old company will continue its innovation-based journey, going forward as well
BUSINESS
Here’s how malls in India are gearing up for the festive season
Special shopping schemes, apps, offers with instant gifts, small scale events, exhibitions… malls are pulling out all the stops to woo customers back in
BUSINESS
What’s in a name? If it’s all Glow and Lovely, HUL wouldn’t mind
The company changed the name of its flagship fairness cream from Fair and Lovely to Glow and Lovely in July 2020. Dealers, distributors and brand experts claim that sales numbers have not come down at all despite the name change.
BUSINESS
Why this company chose to cater exclusively to senior citizens
The company has seen more senior citizens buying home essentials, gardening, kitchen & dining, music products, food & nutrition as well as gifting products.
BUSINESS
MAGGI, Nescafe helps Nestle India post double-digit growth in Q3 CY20 sales
The COVID-19 outbreak has given a boost to products in the ready-to-cook meals category and companies selling them have made most of it.
