Fmcgs

Leo Puri to step down as independent director of HUL from June 2025

FMCG major HUL on Thursday said its independent director Leo Puri has resigned due to an increase in his board commitments including his proposed appointment on the board of a global entity. Puri's resignation will be effective from June 30, 2025, according to a regulatory filing from HUL. Leo Puri has tendered his resignation "due to an increase in his board commitments including his proposed appointment on the board of a global entity and the overboarding criteria for Independent Directors as prescribed under the European Corporate Governance requirements," it said. Consequent to his resignation from the Board, he shall also cease to be the Chairperson of the Risk Management Committee, ESG Committee and Independent Committee and a Member of the Audit Committee of the company, said HUL. Besides HUL, Puri is also on the board of pharma major Dr Reddy's Laboratories and Fortis Healthcare as an independent director. He is also the Chairperson of Fortis Healthcare. Puri was appointe

IPO-bound Rebel Foods in talks to bring more global brands to India

The company became the master franchisee of American fast food giant Wendy's in 2023. Since then, Rebel has scaled Wendy's to 200 stores, with the latest one opening in Gurugram on Wednesday

FMCG distributors file petition with CCI against Blinkit, Zepto, Instamart

Quick commerce companies are indulging in practices of deep discounts and exclusive supply/distribution agreements, thereby engaging in unfair pricing and affecting the competition, the petition said

Kandhari Global is open to buying out more bottling plants from HCCB

The company is currently in the process of acquiring HCCB's plant in Northern Gujarat, (Sanand) which is reportedly being bought out for around Rs 2,000 crore

Unilever CEO Hein Schumacher to step down, Fernando Fernandez to succeed

Hein Schumacher, who joined in July 2023, will step down as CEO in March and will leave the company on May 31

FMCG major Adani Wilmar changes name to AWL Agri Business Limited

The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry

J&J begins critical court hearing over $10 billion baby powder settlement

The judge will listen to supporters and opponents of J&J's bankruptcy proposal in a marathon court hearing that will last until the end of February

ITC in talks to acquire MTR Foods and Eastern Condiments in $1.4 bn deal

ITC is in preliminary discussions with Norway's Orkla ASA to acquire two of its brands as part of its efforts to expand presence in the southern Indian spice market

Honasa Consumer Q3 results: Net profit rises marginally to Rs 26.02 cr

FMCG firm Honasa Consumer Ltd on Wednesday reported a marginal rise in its consolidated net profit to Rs 26.02 crore in the third quarter ended December 31, 2024. The company, which owns brands including Mamaearth, had posted a consolidated net profit of Rs 25.9 crore in the October-December quarter last fiscal, Honasa Consumer Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 517.51 crore compared to Rs 488.22 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 507.31 crore against Rs 464.46 crore in the same period a year ago, the company said. During the continued to strengthen its offline distribution through direct distributors in the top 50 cities, Varun Alagh, Honasa Consumer Ltd Chairman and CEO & Co-founder, said.

Maaza becomes Coca Cola's 3rd Indian brand to step into billion-dollar club

Company gains $303 million from refranchising bottling ops in India in 2024

Dabur reduces strategic review cycle to 3 years amidst FMCG slowdown

Home-grown FMCG major Dabur has lowered the time of its strategic vision cycle from four years to three years aiming to create a more agile organisation amid a slowdown in the FMCG space and volatile geopolitical landscape. It has engaged consulting firm McKinsey & Co to refine and align its strategies for the next three years in line with the evolving dynamics, its CEO Mohit Malhotra said in an earnings call. "This exercise has already begun, and we plan to conclude the same by the end of the fiscal year. This will enable us to capture emerging opportunities and navigate the future with sharper and more focused vision," he said. Dabur has four-year vision plans and is currently in the seventh vision cycle. "Earlier we used to have a four-year vision cycle... We feel that in this volatile and heavy-headwind macroeconomic environment and FMCG not doing so well as a sector... we require a validation of our strategies through an external consultant," he said. Malhorta further said ..

Dabur becomes 2nd largest player in oral care in Modern Trade channels: CEO

FMCG major Dabur has become the second-largest player in the oral care segment in the modern trade channels, its chief executive officer Mohit Malhotra claimed on Monday. The company, which operates in the segment with Dabur Red Toothpaste and premium brand Meswak, ended the quarter with a 9.1 per cent growth and it believes that this segment has " huge potential". "The Gel toothpaste portfolio has received a good response, recording 50%+ y-o-y growth this quarter. Dabur oral care is now the 2nd brand in Modern Trade Pan-India," he said in the post-earnings call. "Even in modern trade, where the competitor is very strong with premium variants etc., there also we have become a number two brand now in modern trade. So, this is very encouraging for us," Malhotra added. The oral care market is led by Colgate Palmolive and FMCG major HUL is at the second spot with brands such as Pepsodent, Closeup and Ayush. "Dabur Red is doing well on the back of tailwind coming from the herbal catego

White-collar hiring up 4% in Jan, driven by FMCG, pharma, insurance sectors

White-collar hiring activities in January witnessed 4 per cent growth driven by traditional sectors, including FMCG, pharma and insurance, according to a report released on Monday. "In 2024, January had greeted us with a disappointing 11 per cent de-growth in hiring. In contrast, 2025 seems to have started on a positive note. The 4 per cent hiring growth is tempered as IT recovery settles in, however, strong growth in most core sectors, including FMCG, pharma, insurance and hospitality is a good sign and augurs well for a cracking 2025 in terms of white collar hiring," Naukri Chief Business Officer Pawan Goyal said in a statement quoting NaukriJobSpeak Index. The report revealed a steady hiring environment with strong performances in core sectors like FMCG (16 per cent), insurance (15 per cent), and pharma (11 per cent), and hospitality by 8 per cent, while IT hiring remained flattish, the report added. The Naukri JobSpeak is a monthly index representing the Indian job market and ..

Budget 2025 impact: Consumption-related stocks likely to see further gains

The Nifty 50 index is down about 10 per cent from its September 2024 highs of 26,277. The last four months have seen month-on-month losses largely due to sustained selling by the FPIs

Budget 2025: FMCGs hope tax relief, rural infra funds to boost consumption

The proposed income tax relief for the middle class and increased investments for rural development will help to drive consumption and propel growth of the premium product market, leading FMCG and consumer goods makers said on budget proposals. The measures announced by Finance Minister Nirmala Sitharaman in the Union Budget will not only alleviate the burden of inflation and rising living costs but also help stimulate overall consumption, the makers said. The Union Budget 2025-26 is a bold and forward-looking plan that places the middle class at its core while ensuring inclusive and sustainable growth across all sectors," said Marico MD & CEO Saugata Gupta. For middle-class families, strategic focus on targeted tax relief and enhanced social security measures, will uplift household sentiments, boost disposable income and drive consumption, he added. PepsiCo India & South Asia Chief Executive Officer Jagrut Kotecha said Union Budget 2025 is focused on an income-led economic ...

FMCG major Dabur to undertake price hikes in toothpaste, fruit juices

Company record net profit of Rs 522 crore, revenue rises 3.1% in Q3

Emami Q3 result: Profit up at 7% to Rs 279 cr, revenue rise to Rs 1,049 cr

Home-grown FMCG major Emami Ltd on Monday reported an increase of 7.03 per cent in profit after tax at Rs 278.98 crore in the third quarter ended December 2024, helped by a healthy volume growth in core business. The company had posted a PAT (profit after tax) of Rs 260.65 crore in the October-December quarter a year ago, according to a regulatory filing from Emami. Emami's revenue from operations was up 5.33 per cent to Rs 1,049.48 crore during the quarter under review. It was at Rs 996.32 crore in the corresponding quarter. "The company continued to deliver profit-led growth, with improved margins across the board. Gross margins expanded by 150 basis points to 70.3 per cent," said Emami in its earnings statement. EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 8 per cent to Rs 339 crore in the December quarter, with margins expanding by 70 basis points, it added. About the demand trends, Emami said the macroeconomic environment during the reporting

Mouth freshener brand JoySpoon's funding round reaches Rs 1.81 crore

Founded by husband-and-wife duo Vaishali Mehta and Yash Mehta, JoySpoon is tapping an industry expected to grow to Rs 27,491 crore by 2028

FMCG brands adopt new packaging strategy for q-commerce and kirana stores

Quick commerce has become the fastest-growing sales channel for FMCG companies, prompting them to adopt new packaging strategies to protect traditional retail channels

Q3 results preview: Weak urban demand likely to weigh on FMCG volumes

Persistent weak urban demand could impact firms' performance in Q3FY25