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Tuesday, October 15, 2024

FMCG

Tata Soulfull targets double-digit growth in three-four years 

FMCG
India’s FMCG brand Tata Soulfull aims for high double-digit growth in the next 3-4 years. Prashant Parameswaran, president of Tata Soulfull, revealed that it has grown 60–100% each year since its acquisition in 2021. FMCG Brand focuses...

Unilever exits Russia, sells operations and factories for unrevealed Sum

International
UK consumer goods giant Unilever announced on Thursday, October 16 that it sold its Russian business to Arnest Group, a local producer of perfume, cosmetics, and household products, for a confidential sum. Unilever to Cut 7,500 Jobs,...

Reliance Consumer Products eyes INR 10,000 Cr revenue target in two years

FMCG
Reliance Consumer Products, the FMCG division of Reliance Industries, aims to reach a revenue target of INR 9,000 to INR 10,000 crore in the...

GCPL, Dabur, Marico: FMCG Majors face margin pressure as palm oil, advertising and input costs rise

FMCG
Major FMCG companies predict that rising palm oil prices, higher input costs, and increased advertising and promotion expenses will affect their margins and profits...

CCI greenlights Patanjali Foods’ INR 1,100 Cr buyout of Patanjali Ayurved’s home and personal care business

FMCG
The Competition Commission of India (CCI) has given the green light to Patanjali Foods' acquisition of Patanjali Ayurved's home and personal care division in...

FMCG giant Emami expects 4-5x growth in quick commerce sales over next two years

FMCG
Emami, the home-grown FMCG giant, expects a four to five-fold increase in sales via quick commerce channels over the next two years, according to...

India’s E-commerce market targets $325 billion by end of 2030 with 21% CAGR – Reports

E-Commerce
India's online shopping market is expected to grow rapidly, reaching $325 billion by 2030, with a 21% compound annual growth rate (CAGR), according to...

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

Leadership
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...

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

FMCG
As part of its aggressive push ahead of its public listing, the firm Swiggy has launched a bulk ordering service called Swiggy XL EV...

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

FMCG
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

FMCG
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

FMCG
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

FMCG
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

FMCG
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,͏͏...
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