Future's consumer biz may launch 2 new product lines

Future Group is likely to announce the launch of two new product categories in the health and personal care space under its Future Consumer Enterprise (FCEL) business on Tuesday, reports CNBC-TV18.

The company is likely to launch Oats in the health segment, while in the personal care segment, brands will be launched as part of a joint venture it had signed with Swiss firm Mibelle in 2015, sources say.

Nilgiris Bakery and Dairy, Staples & Tasty Treat in the processed foods business will be the largest categories for FCEL.

Future Group is hoping to achieve revenues of Rs 20,000 crore by 2021 from its consumer business.More to follow...