BUSINESS
Have reduced added sugar in baby food by 30% in five years, says Nestle India
Investigations have revealed that Nestle has continued to add sugar in baby food products sold in Asia, Africa, and Latin America.
BUSINESS
FMCG sector faces obstacles as raw material costs rise: BNP Paribas
Higher prices of raw materials such as crude oil, palm oil, and lactic acid bacteria (used in dairy products) quarter-on-quarter and year-on-year present a challenge to consensus margin estimates, BNP Paribas said.
BUSINESS
Wipro Enterprises eyes more acquisitions in the food space
Wipro Enterprises is aiming for a growth of between 15 and 20 percent in the food business in FY 25. With this in mind, the company has acquired several ready-to-cook and spices brands in the last few years and is eyeing more expansion in the sector.
BUSINESS
JSW MG Motor aims to sell EVs at prices that match traditional vehicles
JSW Group and other Indian shareholders have invested Rs 5,000 crore in the JV to enhance capacity expansion and introduction of new car models. Production capacity of MG Motor's Halol facility will be increased to 3 lakh vehicles annually from the current capacity of 1 lakh vehicles.
BUSINESS
Egg prices expected to decline as summer draws near
In February, egg prices surged 10.69 percent year on year, marking the highest increase since February 2023. In January, prices had risen 5.6 percent YOY.
BUSINESS
Wearables to play key role in Titan's plan to hit Rs 10,000 cr consumer sales target in biz segment
Suparna Mitra, CEO of Titan Watches and Wearables, said that the wearables segment is expected to account for approximately 16-17 percent of its revenue in the segment this fiscal year
BUSINESS
National Roaming: India’s growing wanderlust drives luggage sales
Earlier, durability was the key factor when choosing a piece of luggage. Now, aesthetics have started to matter more.
BUSINESS
India's affluent consumer segment drives economic growth and premiumisation trends
The report noted that despite the substantial expenditure on necessities, India tends to underconsume in various categories, partly due to the relatively small size of the consuming class.
BUSINESS
FMCG sector to see subdued growth till Sept quarter on demand slowdown, says study
The report attributed this subdued growth to several factors, including a worldwide economic slowdown, minimal influence from the forthcoming general elections, and enduring repercussions of unforeseen weather patterns on the agricultural industry.
BUSINESS
Ice-cream, beverage, and AC demand set to surge as India prepares for hotter summer
Later in the month of March temperatures are projected to surpass normal ranges with northeastern peninsular India, including Telangana, Andhra Pradesh, and north interior Karnataka, along with several regions of Maharashtra and Odisha anticipated to experience more frequent heatwaves than usual.
BUSINESS
Indian alcobev companies expand premium portfolio as demand surges
For the alcobev industry, the cooling down of major commodity prices such as glass and barley suggests that most companies will likely experience improved growth compared to previous quarters
BUSINESS
Quick commerce expansion to spur FMCG job growth
According to a report by TeamLease Services, in the country’s Fast-Moving Consumer Goods (FMCG) sector there is a significant gender disparity in the FMCG workforce, with males comprising over 90 percent of the outsourced workforce.
BUSINESS
India's luxury fashion market set to grow as global brands eye expansion
Leading luxury brands like Gucci, Cartier, and Louis Vuitton have inaugurated outlets in the recently unveiled Jio World Plaza Mall in Mumbai.
BUSINESS
Supermarket category surges 300x in deal value driven by Reliance Retail in 2023: Report
The investment of $1.8 billion in Reliance Retail Ventures contributed to the surge in deal value in the consumer space.
BUSINESS
Your typical restaurant meal now costs Rs 149. Wonder why? Here's the QSR strategy
In the third quarter of FY24, there was a surge in product releases priced at Rs 149. Over the past year, QSR companies have notably introduced value-oriented options priced between Rs 99 and Rs 179.
BUSINESS
ITC Foods says dairy and beverage segment to grow amid inflation relief
COO Sanjay Singal noted that premiumisation holds different meanings in the urban and rural contexts.
BUSINESS
Paytm loses charm as kiranas turn to other payment apps after RBI directive
Among the retailers who have initiated or are considering the switch, PhonePe emerges as the preferred choice for 50 percent of respondents, followed by Google Pay at 30 percent, and BharatPe at 10 percent.
BUSINESS
RBI Guv Shaktikanta Das optimistic on consumption amidst moderating inflation
Improving employment conditions, easing inflation rates, and a resurgence in agricultural output will drive notable uptick in household consumption, said Shaktikanta Das at the Monetary Policy Meet on February 8.
BUSINESS
Varun Beverages assures manageable debt amid South African acquisition, capex plans
The franchise bottler of PepsiCo said capacity expansions in categories such as Juices, Gatorade, and dairy-based products have contributed to growth.
BUSINESS
Budget announcements will boost consumption: FMCG industry
The FMCG sector, especially in the food segment, was positively impacted by measures aimed at achieving self-sufficiency in oilseeds, said Roosevelt Dsouza, Head of Customer Success – India, NielsenIQ (NIQ).
BUSINESS
How Budget 2024 may boost consumer spending ‘indirectly'
Interim Budget: In her presentation on February 1, FM Nirmala Sitharaman highlighted a 50 percent increase in the average real income of the people, coupled with moderated inflation.
BUSINESS
Consumption sector wants a demand boost from interim budget
While the interim budget might not include major announcements, experts anticipate allocations for schemes like PM Kisan and MNREGA to potentially stimulate consumption.
BUSINESS
Kissa Kurti Ka: How clothing brands are striking gold in value retail
Tata Trent’s Zudio, Reliance Retail's Yousta, Aditya Birla Fashion’ Style-Up, and Shoppers Stop's InTune are seeking dominance in the value apparel segment.
BUSINESS
Amazon removes 'Shri Ram Mandir Ayodhya Prasad' sweets amid CCPA inquiry
The CCPA (Central Consumer Protection Authority) has issued a notice to Amazon, requesting a response within seven days regarding the sale of sweets on www.amazon.in under the name "Shri Ram Mandir Ayodhya Prasad."
