FMCG
Coca-Cola uncaps board control of bottling operations
The Coca-Cola Company's move directly impacts India as Coca-Cola India's wholly-owned bottling company, Hindustan Coca-Cola Beverages (HCCB), was controlled by BIG.
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.
Reliance Retail's FMCG plans stay in fast lane with funds on tap
RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.
Britannia committed to Bengal, says Amit Mitra amid no word on Kolkata plant operation
Britannia Industries Limited reaffirms commitment to West Bengal, with plans to enhance business operations despite worker VRS acceptance. The company's managing director will visit to ensure no major impact on operations, emphasizing sustained manufacturing and the continued presence in Kolkata.
Rise in value-seeking customers, key FMCG sectors face tampering of growth: Report
The report highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY2024-25, it added.
FMCG sector to have sustained growth rate of 7-9% in 2024: Report
The FMCG industry was struggling after the pandemic and the rural sector was having successive degrowth for some quarters. However, the industry navigated through showcasing resilience and adaptability amidst evolving consumer trends and witnessed a notable upswing in volume and value growth in the second half of 2023.
Milk prices hiked in Karnataka by Rs 2, consumers to get additional 50 ml in new packets
Karnataka Milk Federation announced the increase in Nandini milk prices by Rs 2 per packet and will offer 50 ml extra milk. 500 ml packets will be replaced by 550 ml and 1000 ml by 1050 ml. Toned milk prices rise from Rs 22 to Rs 24 (550 ml) and Rs 42 to Rs 44 (1050 ml). Shubham milk prices increase from Rs 23 to Rs 25 (550 ml) and Rs 48 to Rs 50 (1050 ml). Price hike affects all Nandini milk packets due to storage challenges.
All permanent workers of Britannia's Taratala factory accept VRS
All permanent workers at Britannia's Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS), ensuring no impact on business operations. The company had informed the bourses about this development recently. The Taratala plant is one of Britannia's oldest biscuit manufacturing plants in the country.
Brain 'drain' turning to 'gain', India Inc should step up: HUL Chairman
HUL chairman Nitin Paranjpe discussed the importance of retaining talent in India and mentioned the rising trend of 'brain-gain' during the company's annual general meeting.
FMCG spends up 18% in two years due to inflation- Kantar
Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.
Must Watch
Mom & pop stores vs new kids: India's ubiquitous kirana stores have a new rival
Tech-enabled players running self-service outlets like Frendy, SuperK, and Kirana King are challenging traditional kirana stores post-Covid. These modern trade stores have digital apps for orders and sourcing, contributing 4% to FMCG sales and up to 10% in premium categories.
PepsiCo launches project to enhance livelihood prospects of women
The programme will help women unlock direct and indirect opportunities to improve livelihood prospects in unconventional roles like sales, manufacturing and agriculture within the FMCG sector, said PepsiCo India and South Asia chief HR officer Pavitra Singh. “Through a carefully crafted three-year strategy, we aim to enhance livelihood prospects for women in non-traditional roles across India, advancing progress through partnership with like-minded organisations to drive sustainable development and gender equality in the workforce,” Jagrut Kotecha, chief executive of PepsiCo India and South Asia, said in a statement.
Asian Palm Oil Alliance urges HUL to reconsider its decision to reduce use of palm in soaps by 25%
ET had reported that HUL is reducing use of palm and its derivatives in soap by 25% to offset volatility in commodity prices as well as for environmental reasons.
India one of fastest-growing markets globally for Nestle, to focus on innovations
Nestle India, led by Chairman & Managing Director Suresh Narayanan, is experiencing rapid growth in the Indian market. The company is investing in new areas, including setting up a factory in Odisha, to drive long-term value.
Amul seeks return of ice cream tub from Noida customer for investigation after centipede complaint
Amul has asked a woman in Noida to return an ice cream tub containing a centipede for further investigation, asserting its superior dairy product quality in India and globally. The woman shared a picture of the insect online, prompting a probe by food safety officials. Amul expressed regret over the incident and invited the customer to visit its ISO-certified plants to ensure product quality, emphasising its commitment to safety and inviting further investigation upon receiving the returned tub.
The make-up reality: East India eyes it, faces it, nails it
East India accounts for over a third of all cosmetics sold in India, with higher makeup usage per person compared to other regions. Companies like Modi Enterprises, selling Colorbar brand, find the region a hotspot for launches and product innovation.
