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Monday, October 7, 2024

FMCG

Blinkit’s growth is not affecting kirana stores: Zomato CEO Deepinder Goyal

Industry
Deepinder Goyal, Zomato co-founder and chief executive stated that Blinkit's fast delivery doesn't threaten local kirana stores; instead, it rivals online shopping and ecommerce websites. Q Commerce Blinkit shares market with Amazon and Flipkart During a recent event...

IPO-bound Swiggy launches EV fleet for bulk orders in Gurgaon

Industry
As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV for large groups in Gurgaon. This comes out after recently unveiling Swiggy...

Adani Wilmar reports 10% volume growth in Q2, food and FMCG segment surges 31%

News
Adani Wilmar has reported a 10% increase in total volume during the second quarter of this financial year, while its food and FMCG segment...

Temasek Holdings in talks to acquire 10-15% stake in Haldiram Snacks for $11 Bn

Industry
Temasek Holdings, one of Singapore's premier investment firms, is in talks to acquire a minority stake in Haldiram Snacks, the largest snack maker in...

FMCG firms adjust to quick commerce boom, cut distributor sales amid inventory oversupply

News
India's booming quick commerce sector is prompting fast-moving consumer goods (FMCG) companies to reduce sales to distributors in major cities and manage an oversupply...

Marico targets growth in healthy snacking segment by enhancing Saffola portfolio

News
Marico is increasing its focus on the healthy snacking segment, using its Saffola brand to cater to the growing demand for convenient and nutritious...

Reliance Industries launches R&D centre to drive innovation in consumer goods

News
Reliance Industries Limited (RIL) has established an R&D centre to develop and test products in its consumer goods division, focusing͏͏ on͏͏ the͏͏ food,͏͏ home,͏͏...

KLF Nirmal Industries eyes INR 260 Cr revenue with new coconut-based innovations

LATEST
KLF Nirmal Industries, an 80-year-old family-run business specialising in coconut oil and coconut products, is setting its sights on a revenue target of INR...

FMCG sales surge this quarter driven by strong rural recovery and easing inflation

LATEST
Consumer goods firms are experiencing notable sales growth this quarter compared to July-September 2023, driven by a normal monsoon, lower inflation, and robust festive...

Marico aims to double food business by FY27 with focus on innovation and distribution expansion

LATEST
FMCG giant Marico aims to enhance its presence in current categories while leveraging innovations to double its food business by FY27. The͏͏ company͏͏ anticipates͏͏...

FMCG giant BL Agro sets sights on INR 20,000 Cr turnover by 2030

LATEST
BL Agro Group, an FMCG company, is aiming for a turnover of INR 20,000 crore by 2030, focusing on sustainability, innovation, and community upliftment,...

Adani, Wilmar to initiate stake sale in joint venture next month

LATEST
Adani Enterprises Ltd. and Wilmar International Ltd. are likely to initiate the sale of a minority stake in their consumer joint venture, Adani Wilmar...

Reliance Retail to transfer FMCG brands to RCPL to accelerate growth

LATEST
Reliance Retail plans to move its FMCG brands, including Campa and several popular private labels, to its newly established FMCG division, Reliance Consumer Products...

GQG Partners acquires 1.24% stake in Patanjali Foods for INR 834.3 Cr

LATEST
Rajiv Jain-led GQG Partners has raised its stake in Patanjali Foods by acquiring over 4.5 million shares, or 1.24% of its equity, for INR...
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