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P&G investing in quick commerce as convenience drives consumption

India emerging as destination with most evolved supply chain know-how, says CEO

Can kirana stores survive the exponential rise of quick commerce in India?

Some savvy kiranas are already evolving - becoming specialist gourmet shops, mini-supermarkets, or setting up their own efficient delivery systems

Sharp import duty hike likely to impact margins of consumer majors

Some corporates may prefer to cut margins and absorb some impact to avoid hurting demand

GQG Partners ups stake in Patanjali Foods by 1.24% for Rs 835 crore

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods. The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore. After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent. Meanwhile, Patanjali Ayurved Ltd on Friday sold 97.92 lakh shares or 2.71 per cent stake in the company for Rs 1,815 crore, the data showed on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,854.08 per piece, taking the deal value to Rs 1,815.67 crore. After the share sale, the promoter and promote

LT Foods strengthens RTC, organic product lines for double-digit growth

The main markets for the company's organic range are Europe and America, which account for 85% of the brand's sales

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO

Homegrown FMCG major Emami has said its operations in Bangladesh have stabilised as people have rejoined the factory and production has resumed. Replying to queries at the AGM, Emami CFO Naresh Bhansali said the business was impacted in Bangladesh due to political turmoil, and the company expects operations to normalise over a period of time. "Last month was very turbulent. But it (operation) has stabilised now. People have joined back work, factory has resumed operations. The market has also opened," Bhansali said while replying to a query from the shareholder. The company does not see a big impact on its overall business from the Bangladesh operations. "Bangladesh will also come back on the same growth trajectory path over a period of time. The new Government, which we expect to get established in some time, will hopefully give political stability and we expect the business to resume soon. We do not expect any market share or any loss there," the CFO said. Emami has one ...

Why convenience store chain 7-Eleven is indispensable part of life in Japan

For many residents, more than 55,000 cheerful, jingle-filled stores, known as konbini, are an indispensable part of daily life.

Nestle to focus on food sales again after CEO's experimental bets

Companies like Nestle are grappling with sluggish demand, as inflation-squeezed shoppers tighten their belts

Nestle replaces CEO Mark Schneider with company veteran Laurent Freixe

Shares at the maker of KitKat chocolate bars and Nescafe instant coffee have fallen 8% in 2024, underperforming rivals like Unilever which has gained 29%

Normal monsoon to drive Dabur India's growth, says CEO Mohit Malhotra

Company to undertake price increases as consumers come back into consumption fold

FMCG sector grows 4% in value, 3.8% by volume in April-June: Report

Industry growth steady and reflects resilience and adaptability, says consumer research firm NielsenIQ

ITC eyes opportunity to create category with new biscuit launch

The launch under the mother brand, Sunfeast, will be available across South and East

Non-biscuit portfolio key driver of Britannia Industries' growth

Unless there is a sharp upside surprise in terms of volumes, or some unusual gains in margins

Britannia Industries is gearing up for regional challenge: Varun Berry

The company has increased its rural distribution and now has up to 30,000 rural distributors

Lotte India, Havmor announce merger; aim to achieve sales of Rs 6K cr

This expansion will help extend the company's regional coverage from the west to the south-central regions of India

Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods

Increases its stake from 51 per cent to 100 per cent

Q1 results: Adani Wilmar swings back into Rs 313 crore net profit

Edible oil registered strong volume growth of 12 per cent YoY and surpassed one million tonnes in the quarter and its food & FMCG sales crossed Rs 1,500 crores in Q1

Nestle net profit up 7% as key brands register double-digit growth

The company had reported a net profit of Rs 698.3 crore in the year-ago period

FMCG sector in rural areas likely to see 6.1% volume growth in FY25: Report

The FMCG sector is expected to register 6.1 per cent volume growth in the rural market this fiscal, a report from Kantar Worldpanel said, depicting a strong positive outlook. This volume growth in the rural market stood at 4.4 per cent a year ago, while the urban volume growth is likely to remain flat at 4.2 per cent, it added. "Rural market is going to see a seismic shift once there is stability in the macro market," said the report titled 'The Rural Challenge'. The report also predicts that in the near future, rural volumes will catch up with urban growth, which is currently bigger. Now, the rural market is a big and important part of the Indian FMCG industry as it generates half of the FMCG volume and value. The report also pointed out that "FMCG growth is majorly led by population, and not consumption" in rural areas. Stagnation in consumption in the rural market is on account of factors like inflationary pressures, decline in rural household size, higher spending on utilitie

Parle, Britannia emerge India's top chosen FMCG brands, says Kantar

The five most chosen out-of-home beverage brands in India are Thums Up, Frooti, Amul, Maaza, and Bisleri