The company will focus on the southern market and is in the process of launching its own brand in the fast-growing ready-to-eat and snacks segment, Wipro Consumer Care and Lighting and Managing Director Vineet Agrawal said.
The domestic FMCG business grew 17 per cent for the financial year ended March 31, 2023, the company, part of Azim Premji-led Wipro Enterprises, said in a statement.
While it is not interested in acquisitions, Wipro Consumer Care has been funding startups through its venture investment arm
The company is relaunching Yardley deodorants as it seeks to grab a larger share of the fiercely competitive market.
For FY21, the company reported over 17 percent growth. CEO Vineet says the company has performed well in international markets, which contribute about 60 percent to the firns’s business
"Wipro Consumer Care products division will invest Rs 220 crore to set up a manufacturing facility at Maheshwaram in Rangareddy district. Coming up on 40 acres, the facility will manufacture toilet soaps and other personal care products," a spokesperson of Wipro Consumer Care and Lighting told PTI.
"As required, we notified the government and relevant authorities of the decision to shut down the plant two months ago and have complied with all regulatory requirements," the company said in a statement.
Software services to FMCG major Wipro has signed an agreement with Lornamead Group to acquire the Yardley business in UK and select European countries (excluding Germany and Austria).
FMCG player Wipro Consumer Care and Lighting (WCCL) announced re-launching of flagship soap brand, Santoor, a senior company official said.
Wipro Consumer Care and Lighting (WCCLG) today said it will tap infrastructure projects in India to strengthen its lighting business.
Wipro Consumer Care and Lighting today said it is looking for more acquisitions in the fast moving consumer care space, both in the domestic and overseas markets as it plans to enhance its product portfolio.
In an interview with CNBC-TV18, Vineet Agrawal, president of Wipro Consumer Care and Lighting, spoke about the company’s results and the road ahead.
FMCG majors Wipro Consumer Care and Lighting (WCCL), ITC Foods, Emami and Dabur are expanding manufacturing capacity and beefing up distribution network reports The Financial Express.