Packaged Food And Beverage

Haldiram Snacks' promoters revise stake sale plans, look to offload 10-15%

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion

Wipro Consumer Care-Ventures leads investment round in snacks firm LetsTry

Founded in 2021 by Nitin Kalra, LetsTry offers premium quality snacks that resonate with the traditional tastes and preferences of Indian consumers

ITC beats Britannia, becomes India's second-largest packaged foods company

ITC's latest annual report shows that its foods business clocked sales of Rs 17,194.5 crore in the fiscal year ending March 31, 2024

Label claims on packaged food could be misleading, ICMR warns consumers

Food labels on packaged items can be misleading, apex health research body ICMR has said stressing that consumers should read the information carefully to make informed and healthy choices. It also pointed out that sugar-free foods maybe loaded with fats, while packed fruit juices may contain only 10 per cent fruit pulp. In its recently issued dietary guidelines, the Indian Council of Medical Research (ICMR) said health claims on packaged food are designed to catch the consumer attention and convince them that the product is healthy. "Though the Food Safety and Standard Authority of India (FSSAI) has strict norms, the information presented in labels could be misleading," the dietary guidelines for Indians issued by the Hyderabad based National Institute of Nutrition (NIN) under the apex health research body said on Wednesday. Giving some examples, the NIN said a food product can be called 'natural' if it doesn't have added colours and flavours or artificial substances and goes thro

Indians spending more on packaged food, eating out as home cooking declines

Spending on processed food by the urban elite consumer more than doubled in FY23; it surged more than threefold for middle-income consumers

PepsiCo India to invest Rs 1,266 crore to set up flavour facility in MP

PepsiCo India on Tuesday said it will invest Rs 1,266 crore to set up a flavour manufacturing facility at Ujjain in Madhya Pradesh as part of its expansion plans in the country. The plant spread over 22 acres, will play a significant role in scaling up PepsiCo's beverage production in India, generating employment and positively impacting the local economy, the company said in a statement. The construction of the upcoming plant is slated to start in 2024 and is expected to be operational in the first quarter of 2026, it added. "With support from the government of Madhya Pradesh, we aim to strengthen our footprint while driving impactful progress in enhancing the socio-economic landscape of the region," PepsiCo India & South Asia CEO Jagrut Kotecha said. PepsiCo India Senior Vice President, Beverages George Kovoor said the new unit will be the company's second flavour manufacturing facility in India. "We aim to ramp up the production of our beverages to meet the rising demand in the

Package deal: How FMCG brands are leaving consumers spoilt for choice

The shelves in stores are packed. The options on e-commerce platforms are dizzyingly aplenty. The consumer is spoilt for choice. Which flavour of oats to go for? What packet of chips to pick?

Bikano eyes Rs 200-crore sales through export market, expects 40% growth

Bikano has curated its product lineup by offering numerous nutritious and delectable options that are free from preservatives

Magnetic levitation on the shop floor

A global food major uses ICT-based tracks for packaging a variety of its products at a factory in western India. Frictionless propulsion makes it 30 per cent faster than traditional conveyor systems

Coca-Cola India expands distribution network to rural mkts, kirana stores

"Consciously working on addressing the needs of rural consumers by offering them the most relevant packs," said Coca-Cola India

Wipro Consumer Care & Lighting to enter packaged food business in India

Wipro Consumer Care & Lighting had recorded a revenue of Rs 8,634 crore for the financial year ended March 31

FMCG categories see sharp downtrading in markets, shows data

According to Bizom, four out of six categories tracked are witnessing downtrading in rural markets, while five of six in urban markets have also seen a similar trend.

Mixed spread ahead for packaged-foods SMEs: CRISIL SME Tracker

The extended lockdown to stem the spread of the Covid-19 pandemic has disrupted supply chains and hampered factory operations.

Changing food habits & yo-yo dieting

Even if our weight yo-yos, our overall health will keep getting better

Draft labelling regulations for packaged food and beverages divide industry

Firms say organised players will bear the brunt; face activists' flak for delay in implementation

Packaged food & beverage firms see uptick in sales in Oct-Dec 2017

The period was marked by an improvement in performance; Britannia is widening its distribution network through a focus on direct reach