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FMCG firms adjust to quick commerce boom, cut distributor sales amid inventory oversupply
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...
Samantha Prabhu invests in D2C wellness brand Secret Alchemist, joins as co-founder
Actress Samantha Prabhu has made another investment in the Indian startup ecosystem by backing D2C wellness brand Secret Alchemist.Following͏͏ this͏͏ investment,͏͏ the͏͏ brand͏͏ has͏͏...
PepsiCo to acquire Siete Foods for $1.2 Bn, strengthening better-for-you portfolio
PepsiCo plans to acquire Siete Foods, a Texas-based producer of Mexican-American food products, for $1.2 billion.The͏͏ acquisition͏͏ is͏͏ set͏͏ to͏͏ close͏͏ in͏͏ the͏͏ first͏͏...
Premiumisation and pent-up demand to drive festive growth in 2024: Redseer Report
Premiumisation and pent-up demand are set to drive festive demand in 2024, according to a new report from Redseer Strategy Consultants. The͏͏ report͏͏ reveals͏͏...
Marico reports high single-digit consolidated revenue growth for July-September quarter
FMCG firm Marico Ltd reported high single-digit consolidated revenue growth for the July-September quarter. While͏͏ higher͏͏ realisations͏͏ in͏͏ the͏͏ domestic͏͏ market͏͏ supported͏͏ growth,͏͏ incremental͏͏...
Nilkamal launches Nilkamal Homes, plans 60 premium furniture stores nationwide
Nilkamal, a leading name in the furniture industry, has launched Nilkamal Homes, a new retail brand specialising in premium home furniture and decor. The͏͏...
Dabur’s beverage segment suffers setback as heavy rainfall affects consumer offtake
With above-normal rainfall being recorded across the country, FMCG giant Dabur announced ahead of its quarterly results for FY25 that its beverage segment has͏͏...
Foot Locker to enter Indian market through Metro Brands and Nykaa
New York-based footwear retailer Foot Locker has teamed up with Metro Brands and Nykaa to enter the Indian market with an omnichannel strategy.Metro Brands...
Kohler enters Hyderabad with first studio in Banjara Hills
American bath and kitchen solutions brand Kohler has launched its first studio in Hyderabad, situated in Banjara Hills.Focus͏͏ on͏͏ the͏͏ South͏͏ Market:"The͏͏ South͏͏ market͏͏...
Biscuits, snacks, and detergents to see price hike as edible oil duty rises by 20%
Prices of biscuits, snacks, detergents, and soaps may rise by 6-7% in the coming quarter following the government's decision to increase the basic customs...
Amazon records 11 Cr customer visits in the first 48 hours of Great Indian Festival sale
E-commerce giant Amazon recorded 11 crore customer visits, with over 8,000 sellers surpassing INR 1 lakh in sales during the first 48 hours of...
PepsiCo India revamps Lay’s Wafer Chips with new Red Chilli flavour
Inspired by India's love for bold and authentic flavours, Lay's has revitalised its Wafer Chips range with the introduction of a new Red Chilli...