AASHIRVAAD
Consumer spending on ITCs' goods rises 12 pc to Rs 32,500 crore in FY24
ITC, headquartered in Kolkata, remains optimistic about expanding its FMCG business with a strong portfolio and efficient supply chain, generating a gross revenue of Rs 69,446 crore in FY24.
Best Chana Dal in India: 10 Picks from Top Brands for Nutritious and Flavourful Meals
This list of the best chana dal encompasses a diverse range of options, each offering exceptional quality and nutritional value. From organic varieties that are free from synthetic pesticides and GMOs to unpolished options that retain their natural taste and goodness, there's something to suit every preference. With trusted brands and high-quality sourcing practices, you can trust that you are getting the finest chana dal available on the market.
10 Best Red Chilli Powders to Add a Zesty Flavour to Your Delicacies
Do you know that apart from adding a tinge of spiciness to the food, red chilli powder also possesses various health benefits? It has anti-inflammatory properties and can also help in proper digestion of food. We have curated a list of 10 best red chilli powders that will spice up your favourite dish and make it look appealing.
Best Gluten Free Flours in India: Explore our Top 10 Picks to Enjoy Nourishing Delights
Discover the pinnacle of culinary excellence with this carefully curated selection of the best gluten free flour options. Crafted to meet the highest standards of taste, texture, and nutrition, these flours offer a versatile solution for all your cooking and baking needs. Made from premium ingredients and free from gluten, these flours ensure that everyone can enjoy delicious meals without compromise. With a range of options to suit different preferences and dietary requirements, this selection guarantees a satisfying culinary experience for all.
Indians finally buying ecofriendly products? Yes, but only if it’s pocket-friendly
Data by market researcher GfK India showed the contribution by volume, or number of units sold, for energy saving ACs with four and five stars has moved from 14% in 2019 to 27% in 2023. But for a category like refrigerators, which wouldn’t inflate power bills as much as an air-conditioner would, the volume contribution of such models remains flat at 10%.
10 Best Wheat Flours for You and Your Family
Wheat is our go to ingredient for most of our food at home and even outside. Therefore, it is important to know what varieties of wheat flour are available on the market and what suits your needs best. We have compiled a detailed list to help you make the best decision.
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FMCG firms report single-digit volume growth with better margin in December quarter
Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quarters. Moreover, the late arrival of winter also impacted the pickup of relevant products such as lotions, oils and creams. Hindustan Unilever (HUL) reported a muted growth in consolidated net profit at Rs 2,508 crore and its sales were marginally down to Rs 15,259 crore.
ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad becomes Rs 8,000 cr brand
ITC is "one of the fastest growing FMCG Businesses in India" with rapid scale in revenues, which is largely "driven by brands developed in-house", ITC in an investor presentation released on Tuesday. ITC's FMCG products are now "present in 3 of 4 households in India," it added. Its foods business has a CAGR of 13 per cent over 10 years and 3-times growth in last 10 years.
How ITC succeeded in pivoting from its traditional tobacco business to FMCG under Sanjiv Puri
A look at ITC’s top line shows the revenue share of its tobacco business has nearly halved—from 62% in FY14 to 37% in FY23. This change can’t come about unless you understand the Indian consumer. Sanjiv Puri, chairman and managing director of ITC, is among the few executives who has a finger on their pulse. In an exclusive interaction with ET, Puri talks about how the FMCG behemoth came to be.
ITC Next: How do you turn around an elephant and make it dance?
"The other piece in ITC Next was getting structural efficiencies out of the investments we had done on ICMLs (Integrated Consumer Goods and Logistics) facilities. So we integrated the warehouses and the factories and put in automated warehouses. It is now a seamless flow from the factory into the warehouses. Your layers of handling and transportation are reduced, so you bring in efficiencies there," Puri said.
ITC beats Adani, Britannia & Parle to become largest FMCG co in food space
ITC clocked food FMCG sales of ₹17,100 crore in the period, while Britannia was at ₹16,700 crore, Adani Wilmar at ₹15,900 crore, Parle Products at ₹14,800 crore, Mondelez at ₹13,800 crore and Hindustan Unilever Ltd (HUL) at ₹12,200 crore, NielsenIQ data showed.
The Classic pivot: Charting ITC’s FMCG growth story
ITC, the 113-year-old company known for its cigarette business, has successfully diversified its revenue streams and achieved leadership positions in various FMCG categories. Its consumer business, supported by strong brands and cash flows from the cigarette business, has grown significantly over the past two decades. Additionally, ITC's agri-business and digital initiatives have contributed to its growth.
ITC launches dairy products in Jharkhand
ITC Limited, a diversified city-based conglomerate, announced its foray into the dairy industry in Jharkhand on Monday by launching a number of goods under the "Aashirvaad Svasti" brand. According to a company statement, the company would offer a wide variety of dairy products to the state's consumers, including milk, curd, paneer, lassi, and "mishti doi" (sweet curd).
Seeing green shoots of pickup on volumes as inflation moderates: ITC CMD Sanjiv Puri
In the recently concluded June quarter, ITC and several other FMCG makers reported volume gains and improvement in margins. ITC has 25 brands including Aashirvaad, Bingo, Sunfeast, YiPPee, Fiama, Vivel, Savlon etc.
ITC's FMCG biz records 21 pc rise in annual consumer spend at Rs 29,000 cr in FY23
Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company. ITC operates in the FMCG space with 25 home-grown brands.
ITC launches first millet cookies as part of Sunfeast Farmlite
Earlier this year, ITC launched a dedicated initiative ‘ITC Mission Millet’ powered by a strategic 3 pillar model that encompasses development of a 'good-for-you' product portfolio, implementation of sustainable farming systems as well as enhancing consumer awareness on the benefit of millets.
FMCG companies localise items to tap into local food preferences
Major FMCG players in India are looking to tap into the potential of localised food item preferences, driving hyper-localisation and are experimenting with varied regional cuisines, resulting in a flurry of product innovation, TOI reported on Monday.
ITC inaugurates Rs 450 cr food manufacturing, logistics facility in Telangana
Spread over nearly 59 acres of land, the food processing facility with a built up area of 6.5 lakh sq ft entails an initial investment outlay of Rs 450 crore which will create large scale livelihoods across sustainable agri-value chains.
FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases
In the July-September quarter, listed FMCG companies, including HUL, ITC, Dabur, Nestle, Tata Consumer, Britannia and Marico, reported pressure on their margins on similar lines as the preceding quarter and said the demand environment remained challenging with inflation impacting consumption.
ITC joins fray to buy into Yoga Bar with Rs 150 cr cheque
Delhi-based Dabur, VC fund A91 Capital were among those who also looked at the opportunity but passed. Yoga Bar's parent Sproutlife has been in the market to raise ₹150 crore from strategic and financial investors.
ITC to spearhead MAARS super app to boost agriculture business
ITC CMD Sanjiv Puri told a virtual news conference that the super app will empower farmers by providing them with access to modern tools, right quality of inputs at right prices, besides market and financial linkages. He said with farmers having fragmented holdings of land, the app will aggregate them, adding that presently the company has started with 200 farmers producer organisations (FPOs) involving 40,000 farmers.
ITC to expand exports of FMCG products to aid growth in revenue, says MD Sanjiv Puri
Addressing shareholders in the company’s 111th annual general meeting held virtually on Wednesday, Puri said the company intends to scale up the FMCG portfolio and take these world-class brands to more overseas markets. “At present, we have already inked distribution agreements in 60 countries. Over time, such exports will add a significant contribution to revenue,” he said.
ITC FMCG business' annual consumer spend over Rs 24,000 crore in FY22
ITC portfolio of "over 25 world-class Indian brands, largely built through an organic growth strategy in a relatively short period of time, represents an annual consumer spend of over Rs 24,000 crore and reach over 200 million households in India," the annual report said.
Parle set to foray into packaged atta market
India's packaged atta market is pegged at around Rs 20,000 crore, or 60 lakh tonnes annually. Within the segment, half of the market is controlled by branded companies, including ITC, Adani and Patanjali.
NCLT approves amalgamation of Sunrise Foods with ITC, says company
In a notice to the stock exchanges, ITC said the Kolkata bench of NCLT has approved the amalgamation effective April 1, 2021. It also said the two subsidiaries of Sunrise -- Hobbits International Foods and Sunrise Sheetgrah -- have become wholly owned subsidiaries of ITC.
Rising health awareness amid the pandemic set to accelerate sale and visibility of premium salt segment: Tata Salt
Premium salt segment is driving the image of the brand. There is a lot of room for growth within the segment, said Richa Arora, president, packaged foods, Tata Consumer Products.
ITC expects collaborations with unlikely partners to open new distribution channels
It had partnered with food delivery chains such as Domino's, Swiggy and Zomato along with community centric apps such as Apna Complex, My gate, No broker and Azgo which had the readiness to address delivery to housing societies in metros.
ITC’s top eight FMCG brands cross the $2-billion milestone
The packaged food business is projected to be the majority contributor to ITC’s goal to achieve Rs 1 lakh crore sales from the FMCG businesses by 2030, accounting for 60-65% of the total pie.
ITC to file 3rd FIR in Delhi against videos on plastic in 'Aashirvaad Atta'
We are now in the process to file another FIR in Delhi in coming few days, said ITC Divisional Chief Executive (Foods) Hemant Malik.
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