FSSAI also wants FMCG (fast moving consumer goods) companies to introduce smaller pack sizes in small cities, sources told CNBC-TV18.
Net Sales are expected to increase by 3.7 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 1139.9 crore, according to KR Choksey. Colgate to report net profit at 151.98 crore up 4.2% quarter-on-quarter.
Net Sales are expected to increase by 8.6 percent Q-o-Q (up 2 percent Y-o-Y) to Rs 2402.38 crore, according to KR Choksey. Britannia to report net profit at 227.29 crore up 19.4% quarter-on-quarter.
The restaurant, located in Hotel Indiano in Chandigarh, is a separate venture run by the director duo Rajpal Singh and Jaspal Singh.
"They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," the Chairman of the Godrej Group told PTI, while talking about the scene in this space.
The PIL names the government, state-run insurers, including LIC, and the insurance regulator, and says that the investment is contradictory to government’s measures to tackle tobacco-related problems.
Will entry in the packaged foods segment prove too yummy for the group with biggies like Hindustan Unilever, ITC, Britannia, Nestle India among other smaller local players already fighting for space.
Consultancy EY said the cost of equity has remained constant even as interest rates declined over a period of time.
Consumer goods majors Hindustan Unilever, and Procter and Gamble, among others are rejigging production strategies or firming up product prices to balance out the likely impact on taxes from GST.
A robust demand for qualified personnel in sales, marketing and supply chain management roles coupled with close to 30 per cent of jobs being posted in over 10 lakh category is being seen as the primary driver for FMCG industry to emerge as the winner.
In November last year, Dabur said its arm Dabur South Africa (PTY) has entered into an agreement to acquire the South African business of development, manufacturing, packaging and sale of personal care products of CTL Contracting Proprietary. The deal is valued at USD 1.5 million (Rs 10 crore).
By emphasising on equality and strong processes, the promoters of Emami have kept the families united and the businesses successful
While the government is aggressive about rolling out the new tax structure by 1st July, the consumer firms are asking for a wider window to prepare themselves for GST.
On the technical front, 9,020-9,050 is strong support zone for the Nifty and current trend is likely to continue towards 9,400. Here are top five stocks, which can give up to 7-17 percent in the short term based on technical parameters.
If the deal looks favourable, Tata Coffee will be merged into Tata Global Beverages, sources told CNBC-TV18.
In an interview with Moneycontrol, Dabur India CEO Sunil Duggal welcomes Patanjali's growing prominence in the Ayurveda segment, saying it will help open up the market.
According to a report in the Livemint, Patanjali is planning to set up a production unit in Sahibganj, a small district in Jharkhand from where it plans to set up an export hub for neighboring countries.
"With the help of the mobile honey testing lab, bee- keepers can now test the purity of their honey and avoid adulteration," the company said in a statement.
"One of the drivers of growth for the industry in the next 5 to 10 years is innovation. We, as a sector, haven't innovated enough. The biggest innovation has come from people outside the traditional FMCG marketers," said Marico Managing Director and Chief Executive Officer Saugata Gupta.
"India is at the cusp of the FMCG S-curve and there is significant room to grow over the next 5-10 years. A nominal GDP growth rate of roughly 12 percent over the next three years could signal an FMCG growth by over 15 percent, depending on player action," the CII-Bain & Company said.
Some companies are facing a developed world problemâ€”cash far in excess of their needs. How should investors interpret this?
FMCG biggies such as Amul, Dabur, Britannia and Parle plan to increase prices of their products or slash the quantities of packaged goods this summer. As a result biscuits, ice-creams and soap, among other daily consumption products will get expensive.
"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.