"This is inform you that the company has signed a non-binding Memorandum of Understanding (MOU) with Chipita, a Greek company for exploring certain business opportunities.
FMCG major Nestle today said it has taken Rs 100 crore hit on sales due to demonetisation and the sector will take another six months to overcome the impact of the government's move to scarp old high value notes.
TCS shares gained 1.4 percent as the company will consider share buyback on February 20. Infosys rose 2.7 percent as hopes increased that the company would follow suit.
The report by Retailers Association of India and Boston Consulting Group revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery.
The company is looking to hit Rs 1,000 crore in its 'snacks' business by 2020. It is going to rebrand its namkeen products, renaming them 'chatkeens.'
Spice Island, which will be retailed exclusively at NewU outlets, will have a range of premium skin care, bath and body care, and hair care products.
"The recovery has been better than we expected and we ended Q3 with about 2 percent secondary sales growth. The business has picked up at a faster pace than we had anticipated and we are quite hopeful that things will return to normal in the next couple of months," Gambhir said.
Syska, which is targeting the youths, has roped in Sunny Leone and Tamannaah Bhatia and Sushant Singh Rajput as its brand ambassador for its male and female Category, the company said in a statement.
FMCG major Marico's third quarter consolidated profit is seen declining 2.2 percent year-on-year to Rs 193.5 crore and revenue may fall 5.4 percent to Rs 1,472 crore as domestic volume is expected to decline 5-6 percent.
Godrej Consumer Products Ltd (GCPL) Managing Director Vivek Gambhir said that reduction in tax slab would leave more money with the consumer to spend and would increase the demand.
Analysts expect tax policy for cigarettes to be benign, with an anticipation of an increase in excise duty on cigarettes by 10 percent across slabs and also the likely introduction of 59-mm segment in the current slab structure.
Diversified conglomerate ITC will foray into the healthcare sector as it gears up to meet its ambition to be India's most valuable corporations.
ITC's December quarter has beaten estimates with net profit rising 5.7 percent to Rs 2650 crore from Rs 2504 crore in corresponding quarter last fiscal. During the quarter, its total income also grew marginally by 5 percent to Rs 13570 crore compared to Rs 12962 crore on annual basis.
Kolkata-based Emami too is expecting a growth oriented budget "to boost consumption, increase public investment, promote digitisation, broaden tax base and lead higher growth" and improvement of business sentiments.
Analysts polled by CNBC-TV18 expect 2-3 percent decline in cigarette volumes. They say demonetisation impact may be limited on cigarette Volumes due to inelastic demand. The company raised prices on 30 percent of cigarette portfolio by 14-15 percent in second half of December.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the fundamentals of the market and also gave recommendations on various stocks.
In an interview to CNBC-TV18, Kunj Bansal, ED & CIO of Centrum Wealth Management shared his readings and outlook on specific stocks and sectors.
Fast moving consumer goods (FMCG) company ITC is likely to shuffle up its top management over next 15 days, sources have told CNBC-TV18.
Benchmark indices gained for third consecutive session amid volatility, with the Nifty hovering around 8400 level. Technology, infra and private banks continued to support the market whereas pharma, FMCG and metals stocks were under pressure.
In this special series of Charts 2017, Mitesh Thacker of miteshthacker.com shared a few of his top picks, sectoral charts for the year and his outlook on the Nifty.
Under the pact, the New Jersey-based firm will build a platform for FCL to simplify, automate and secure business processes, speed up collaboration and maximise synergies across all lines of business, the companies said in a joint statement.
The current uncertainty in the fast moving consumer goods (FMCG) space has not much to do with the cash crunch, Edelweiss says in a report. While some pain is due to demonetisation, it will also add positively to the sector.
Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, was the biggest disruptive force in India's fast moving consumer goods (FMCG) market, according to a report.
So Moneycontrol has put together a list of 13 â€˜known unknowns‘ as Donald Rumsfeld, the then US Secretary of State for Defence said in 2002. These are risks the market knows about, but cannot say how they will pay out.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.