Page 2 - Fmcg Firms

Swiggy appoints Anand Kripalu as independent director, chairperson of board

Kripalu holds a Bachelor of Technology in Electronics from IIT, Madras, and an MBA from IIM, Calcutta. He completed his Advanced Management Program at Wharton Business School

P&G Q1 results: Net profit up 36% at Rs 210.69 cr, revenue at Rs 1,138 cr

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Monday reported a 36.44 per cent increase in profit after tax at Rs 210.69 crore for the first quarter ended September. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in the corresponding quarter of the previous fiscal. Its net sales were 9.04 per cent higher at Rs 1,135.06 crore during the quarter under review. In the year-ago period, the same was at Rs 1,040.92 crore, according to a regulatory filing. The company's revenue from operations in the July-September period was at Rs 1,138.35 crore, up 8.94 per cent compared to the same period a year ago. This increase was "driven by a superior retail execution and integrated growth strategy," it said in an earning statement. The "PAT (Profit After Tax) for the quarter was Rs 211 crore, up 36 per cent versus year ago led by acceleration of volume growth coupled with product price-mix and productivity," it ...

DS Group to invest Rs 500 cr, add 3 hotels to its portfolio in 3 years

The Dharmpal Satyapal (DS) Group, a multi-business and FMCG corporation, is planning to add three new properties with a capex of Rs 500 crore in next 3 years, a top company executive has said. "Currently, we have six hotels with around 930 keys operating under global hospitality brands including Radisson, IHG and Marriott. We are planning to add another three hotels to our portfolio with a capex of Rs 500 crore in the next three years," DS Group vice chairman Rajiv Kumar told PTI over phone. DS Group, which has been in the hospitality business since 2000, has six properties, including The Manu Maharani, a member of Radisson individual, in Nainital (Uttarakhand), Namah, a Radisson individual, Jim Corbett National Park (Uttarakhand), Radisson Blu Hotel Guwahati in Assam, Crowne Plaza Jaipur in Rajasthan, Holiday Inn Express Kolkata Airport in West Bengal, and Marriott managed Renaissance, Bengaluru, in Karnataka. Going forward, Kumar said, the company is looking for opportunities in t

Adani Wilmar volume growth in double-digit in in July-September quarter

Rural sales grew at a faster rate due to a higher focus on increasing its rural distribution network

P&G India announces Rs 300 cr fund for startups for supply chain solutions

FMCG maker Procter & Gamble India on Thursday announced a Rs 300 crore fund to collaborate with external partners and innovators for co-creating solutions for a modern supply chain ecosystem. P&G Supply Chain Catalyst Fund will provide an opportunity to startups and innovators to collaborate with Procter & Gamble (P&G) India on customising business solutions, accelerating its journey towards Supply 3.0 initiatives, said a statement from the company. This is a part of Rs 1,800 crore committed in business solutions through vGROW, in which the maker of brands like Gillette, Whisper, Vicks is investing in small businesses, individuals and large organisations offering innovative solutions. "The announcement is in line with the Prime Minister's Gati Shakti initiative, which is an endeavour towards multi-modal connectivity in the country that will enhance seamless movement of goods and services through targeted interventions," the statement said. Commenting on the ...

FMCG items start to pile up in supply chain as demand starts to taper off

Inventory days and credit days on the rise

FMCGs demand remains stable in Q1FY24, Marico calls out rural stress

Marico says rural demand remained elusive in April-June

ITC's FMCG revenue up 20% in FY23 as it aims to de-risk from tobacco biz

ITC's revenue growth is impressive as compared to 9 per cent in FY22 and 11 per cent in FY21

ITC Q4FY23 net profit rises 21.1%, declares dividend of Rs 9.5/ share

ITC Q4 results: The revenue from operations rose 6.5 per cent to Rs 17,506.8 crore during the quarter

FMCG companies chase volume growth, slice prices, bump up grammage

For the past two years, these companies were forced to increase prices and cut grammage as raw material costs rose significantly

FMCG sales slow on lower stocking; home care only category to report growth

Home care was the only category which saw growth on a year-on year basis in April at 11.2% however it was down sequentially at 20.9%

Marico reappoints Saugata Gupta as MD, Rajan Mittal joins as Ind Director

FMCG major Marico on Friday said its board has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another term of two years. Gupta's reappointment is effective from April 1, 2024. The board of Marico, in its meeting held on Friday, approved "re-appointment of Saugata Gupta as the Managing Director & Chief Executive Officer for a term of two years w.e.f. April 1, 2024 to March 31, 2026." He had joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as Managing Director of the company. Besides, the company's board has appointed Rajan Bharti Mittal as an independent director for a term of five years, beginning from July 1, 2023 to June 30, 2028. Mittal is the Vice-Chairman of Bharti Enterprises, one of India's leading conglomerates with diversified interests in Telecom, Space Communications, Digital Solutions, Financial Services, Real Estate, Agri-Processed foods in addition to other ...

Nestle to Tata, big FMCG firms race to acquire maker of Ching's Secret

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India

The fast-moving consumer goods (FMCG) company will use the money to build more manufacturing capabilities

FMCG, dairy firms betting on strong double-digit sales growth in summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic with increased consumer mobility. This will also help the out-of-home (OOH) segment, where the companies expect a sharp rise in sales after a slump of two years. Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory. Mother Dairy, one of the leading sellers of milk, dairy beverage products and Ice creams, said it is already "witnessing a surge in demand" with rising temperature and expects the trend to continue in the coming days. "In line with the same, we have already beefed up our value-chain to cater to any surge in demand across channels. "For a category like ice creams, which is a

Royalty costs for benefit of all shareholders, not just Unilever: HUL CEO

'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'

Emami net profit up 7.8% at Rs 237.13 cr, says rural demand slowing

Domestic business grows one per cent in the quarter; international by 7%

ITC to acquire 100% shares of startup 'Sproutlife Foods' over 3-4 years

Sproutlife Foods Private Limited is a startup engaged in the manufacturing and sale of food products under the trademark 'Yoga Bar'

Dabur India promoters sell 1% stake through block deal to finance ventures

" The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange filing said

Brokerages positive on Godrej Consumer on growth recovery, lower costs

Extent of margin gains will depend on extent of ad spends and price cuts