Friday, November 8, 2024

FMCG

Food brands sell less nutritious products in lower-income countries, report reveals

FMCG
Global food giants offer healthier options in wealthy nations but sell less nutritious products in lower-income countries, a recent report reveals. Report alleges Nestle, Pepsico, Unilever to dump items in poorer countries According to Reuters, a recent report...

Emami revenue grows by 3%, reports strong quarter

FMCG
Emami Limited's Board reviewed its financial results for the quarter ending September 30, 2024. Despite India's retail challenges, Emami's revenue grew 3% to INR 891 crore, with domestic sales up 2.6%. EBITDA at 7%, PAT to INR...

Middle east war slows McDonald’s growth, sales drop to half of pre-crisis levels

FMCG
Geopolitical tensions in West Asia have impacted McDonald's operations in West and South India, with some outlets struggling to achieve half their pre-crisis sales....

Delhi HC bars Alpino from negative Oats ads following Marico lawsuit

FMCG
The Delhi High Court has ordered Alpino Health Foods Private Limited to stop publishing ads that put oats in a bad light. This decision...

Colgate registers 10.5% revenue growth YoY, net sales surges to INR 1,609.2 Cr

FMCG
Colgate-Palmolive (India) Limited reported strong financial results for the quarter ending September 30, 2024. Their topline growth increased by 10% year-on-year, with domestic revenues...

Godrej refuses to cut palm oil content despite Unilever’s move

FMCG
Godrej Consumer Products announced it will not lower soap quality by reducing palm oil, responding to Hindustan Unilever's (HUL) move to cut palm oil...

AICPDF raises alarm: FMCG firms using quick commerce for near-expiry products

FMCG
The All India Consumer Products Distributors Federation (AICPDF) is worried that FMCG companies are using quick commerce and e-commerce platforms to sell products that...

Dabur India to acquire major stake in Sesa Care for INR 12.59 Cr

FMCG
Dabur India announced on Wednesday, October 29 that it will buy a majority stake in Sesa Care Private Limited for INR 12.59 crore. This...

Dabur India suffers 17.65% profit drop amidst high inflation, weak urban demand

FMCG
FMCG giant Dabur India Ltd reported a 17.65% drop in its net profit to INR 417.52 crore for the September 2024 quarter due to...

Godrej Consumer registers 13.5% growth in net profit to INR 491.31 cr in Q2

FMCG
Godrej Consumer Products Ltd reported a 13.52% increase in consolidated net profit to INR 491.31 crore in the September quarter, thanks to volume growth...

Tata Tea plans price hikes to boost profit margins in upcoming months

FMCG
Tata Tea plans to raise prices across its brands in the next few months to boost profit margins, which have been affected by higher...

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...

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,...

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...
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