Godrej Consumer Products Ltd (GCPL) reported a revenue of INR 6,951.56 for the fiscal year that ended on March 31, 2022
Godrej Consumer Products Ltd (GCPL) on Tuesday announced its plan to raise INR 5,000 crore from the market by issuing Non-Convertible Debentures (NCDs).
According to a board meeting update, the FMCG division of the Godrej group, which is scheduled to approve its financial results for the March quarter on May 10, will also assess a fundraising proposal.
“… at the same meeting, the board may also inter alia, consider approval of raising of funds by way of issuance of Non-Convertible Debentures (NCDs) aggregating to an amount up to INR 5,000 crore in one or more tranches,” said GCPL in a regulatory filing.
GCPL, which owns well-known brands like Good Knight and HIT, stated that the amount will be raised in one or more tranches.
Last week, GCPL made public its acquisition of the FMCG business of Raymond, which includes the brands Park Avenue, Kamasutra, and Premium, for a sum of INR 2,825 crore. The business is owned by the Singhania family.
Godrej Consumer Products Ltd (GCPL) reported a revenue of INR 6,951.56 for the fiscal year that ended on March 31, 2022.
When the acquisition was announced, Sudhir Sitapati, the Managing Director and CEO of GCPL, stated that it would expand the company’s reach in the chemist channels and increase its addressable market in the fast-growing area.
The recent acquisition of the FMCG business of Raymond is the 14th for the Godrej group firm, as part of its expansion strategy. Its last major acquisition was Strength of Nature LLC in 2016.
Insects have gained worldwide attention as a promising protein source in the context of decarbonization initiatives (Representative Image)
Sumitomo Corp., one of Japan’s largest trading houses, is set to become the country’s first major company to sell insect-based feed for farmed fish. Starting later this year, the innovative feed will be available to customers, signaling a new era in sustainable aquaculture practices.
Insects have gained worldwide attention as a promising protein source in the context of decarbonization initiatives. The company’s objective is to import and market 30,000 tonnes of insect feed by 2030.
Having a stake in Singapore-based startup Nutrition Technologies, Sumitomo has acquired the exclusive distribution rights in Japan. The startup specializes in grinding black soldier fly larvae into powder, which is then used to create fish feed and pet food. With an annual production of around 3,000 tonnes of insect feed, Nutrition Technologies holds the second-largest volume worldwide.
Sumitomo is aiming to capture 7.5% of the 400,000 tonnes of fish meals that are consumed annually in Japan. The expected price of the insect feed will be approximately JPY 200,000 (USD 1,490) per tonne, which is similar to the price of fish meal.
The competitiveness of Nutrition Technologies is expected to hinge on the sustainability of their product. To this end, the company utilizes wood waste obtained from makers of processed food as a food source for the flies, highlighting their eco-friendliness.
In addition to being eco-friendly, this approach also aids in reducing carbon dioxide emissions for the food makers, as the wood waste that would otherwise be incinerated is repurposed.
Furthermore, Nutrition Technologies has the added advantage of not requiring any heating equipment for the cultivation of flies, as their facilities are situated in Southeast Asia, which benefits from a warm tropical climate. In contrast, two competitors in the industry, Protix in Holland and Innovafeed in France, have larger production capacities but are dependent on electricity for heating, as their facilities are located in Europe.
The insect feed market in Japan is relatively small, and data on it is limited. However, according to TPC Marketing Research, the country’s edible insect market is reportedly larger than that of insect feed, with a market size of approximately JPY 1.4 billion in 2022. TPC Marketing Research is based in Osaka.
The market for insect feed is projected to expand rapidly worldwide. Meticulous Research, a US-based firm, predicts that the global market for insect-derived alternative protein for both human consumption and animal feed will increase from JPY 17.5 billion in 2020 to approximately JPY 1.3 trillion by 2030.
Sumitomo aims to acquire marketing expertise in Japan, which it can leverage when expanding into international markets.
Insect protein is garnering interest as an eco-friendly feed option due to the significant reduction in CO2 emissions during production. As per certain evaluations, the production of one kilogram of insect-based protein can be nearly CO2-free.
Several other Japanese trading companies and startups are also investing heavily in insect feed, as it appears to be more palatable to consumers than edible insects.
In March, Marubeni and French insect farming startup, Ynsect, reached a preliminary agreement to collaborate on entering the Japanese market. The companies will work together on the research and development of insect feed for farmed fish, such as red sea bream and yellowtail, and intend to establish production facilities in Japan using Ynsect’s technology.
Booon, a startup launched by Nagasaki University, has initiated research on an innovative approach for cultivating mealworms. This technique employs container-type equipment to minimize both environmental burdens and expenses.
Although the United Nations predicts that the global population may rise by 23% from 2021 to reach 9.7 billion in 2050, it remains uncertain whether sufficient protein sources can be obtained to satisfy the needs of this expanding population.
As the world moves towards decarbonization on a global scale, protein sources that generate significant amounts of CO2 during production are encountering challenges. Insect feed could offer a solution to mitigate this issue.
On May 2nd, 2023, Mouni Roy and Drools donated a substantial amount of food and supplies, which would last for three months, to the All About Them Foundation located in Worli.
In a notable move towards promoting animal welfare, Drools, one of the leading pet food brands in India, partnered with actress Mouni Roy. The two collaborated for a recent donation drive aimed at supporting stray cats and dogs. On May 2nd, 2023, Mouni Roy and Drools donated a substantial amount of food and supplies, which would last for three months, to the All About Them Foundation located in Worli. This partnership demonstrates a positive approach to animal welfare and encourages others to contribute to this cause.
For over 30 years, Drools has been a leader in the field of animal nutrition, committed to improving the lives of stray animals through the provision of wholesome and nutritious pet food. The brand places great emphasis on promoting animal welfare and care in all of its endeavors and frequently teams up with celebrities who share its philosophy and can inspire people to prioritize high-quality pet nutrition.
Speaking about the donative drive and her collaboration with Drools, Mouni Roy said, “Being a pet parent myself, I understand the importance of providing good nutrition and care to our furry friends. Every animal deserves a healthy diet. As a responsible member of society, it is our duty to extend our support and help these animals and I am glad to partner with Drools to support their mission of improving the lives of stray animals. I hope this donation drive inspires many others to take action towards the well-being of animals in need.”
In addition to striving for business excellence, Drools is also driven by a strong commitment to giving back to society by undertaking several animal welfare initiatives. Since 2019, the brand has been supporting local NGOs and animal shelters by donating pet food supplies. As it moves forward, the brand aims to expand and reinforce its efforts towards similar endeavors, furthering its impact on the welfare of animals in need.
Perfetti Van Melle, a food and beverage company located in Amsterdam, has named Saurabh Nath as their new Associate Director.
Nath posted an update on LinkedIn to announce his new position, stating, “I’m happy to share that I’m starting a new position as associate director at Perfetti Van Melle!”
“Glad to be back with FMCG. Strong brands, great room for product innovation and brand building through storytelling. Very excited to join PVMI, a global leader in confectionery with iconic global brands,” Nath added.
With an experience of more than ten years in the marketing industry, Nath has worked with multiple renowned brands including Ola, OZiva, and Kellogg Company throughout his professional journey.
After serving as the Head of Brand Marketing at Swiggy for a year, Nath has left the organization to pursue other opportunities.
In March 2021, Nath became a part of the food aggregator platform and held the responsibility of leading the brand marketing efforts for both Swiggy’s masterbrand and delivery business.
Before joining Swiggy, Nath had worked as the Head of Marketing at OZiva, a D2C nutrition and wellness startup, from August 2020 until his departure in March 2021.
Nath’s career began at Kimberly-Clark Lever, where he held the role of Assistant Manager-Consumer and Marketing Insights. He later transitioned to Kellogg Company, where he spent more than seven years as Associate Director of Marketing for the Motherbrand Portfolio. In this position, he was responsible for overseeing Kellogg’s Corn Flakes, Kellogg’s Muesli, and Kellogg’s Granola.
Edible oil companies have chosen to lower cooking oil prices by a maximum of 6% in response to the government’s recommendation to align the maximum retail price (MRP) with the drop in international commodity rates.
Fortune, the cooking oil brand sold by Adani Wilmar, and Gemini Edible and Fats India, the company that owns the Gemini brand, have both agreed to reduce their prices by INR 5/litre and INR 10/litre, respectively. They have indicated that consumers can expect to see the benefit of these price cuts in approximately three weeks.
The Solvent Extractors’ Association (SEA) on Tuesday issued a statement saying, “The Department of Food and Consumer Affairs has advised SEA to inform its members to reduce the MRP on edible oils and pass on the benefits to the consumers.”
“International prices have been sharply reduced in the last six months; especially in the last 60 days. Despite the bumper production of groundnut, soyabean and mustard, the local prices have not declined in line with the international markets. The prices of edible oil (MRP) in the domestic market seems to be on a higher side, considering prevailing market scenario,” said SEA.
The Bombay high court recently declared that restaurants are prohibited from operating hookah parlours on their licensed premises. Additionally, the court asserted that serving hookah, whether herbal or not, from service areas of eating establishments is not permitted under their license.
“It cannot be countenanced that grant of a license to conduct an eating house is deemed to include a license to conduct hookah activities,” said the division bench of justice Girish Kulkarni and justice RN Laddha while rejecting a petition filed by Sayli Parkhi, an entrepreneur who owns M/s. Parkhi Hospitalities and runs The Orange Mint restaurant in Chembur.
She approached the high court after a health officer from the M/West ward of the Brihanmumbai Municipal Corporation (BMC) ordered the restaurant to stop serving hookah in its service area within seven days on April 18, 2023. The health officer also warned that failure to comply would result in the revocation of the restaurant’s eating house license.
The restaurant owner argued that Section 394 of the Mumbai Municipal Corporation Act, 1888, which governs license conditions, does not pertain to the matter of hookah activity in a restaurant.
In contrast, the BMC asserted that obtaining an eating house license under Section 394 of the MMC Act did not authorize the petitioner to engage in any hookah-related activities, including the serving of herbal hookah, within the licensed establishment.
The high court upheld the BMC’s stance and dismissed the restaurant owner’s claim that the eating house license granted to her authorized “hookah activities” or the provision of hookah services on the licensed premises. The bench deemed the owner’s argument to be “completely baseless.”
“The canvass of Section 394 of the MMC Act, is quite broad to take within its ambit articles, trade, operations, which are dangerous to life, health or which are likely to create nuisance, as quite extensively described in the provision,” said the bench. “Thus, a narrow interpretation cannot be attributed to Section 394.”
“If the connotation of Section 394 of the MMC Act as canvassed on behalf of the petitioner, is accepted, it would be nothing but doing violence to the said provision, as such interpretation would mean that once an eating house license is granted, it would deem to include permission to conduct activities of a hookah parlour, or other similar activities,” the court said.
Regarding the serving of “herbal” hookah, the court noted that even the eating house may not be able to regulate the ingredients of the hookah once the apparatus is in the possession of the customers, let alone the civic authorities.
The judges said in a restaurant or an eating house, where children, women and elderly visit for refreshments/eating, it cannot be expected that hookah is one of the menu items. “This would amount to an absolute nuisance in so far as an eating house is concerned,” the court added.
In addition, the court dismissed the petitioner’s claim that the order was arbitrary, stating that the civic order explicitly outlined the violation of license conditions supported by available evidence. The court also highlighted that the order was issued after the civic authorities conducted two inspections of the establishment and issued show cause notices to the owners.
Costa Coffee launched its 100th outlet in Delhi, India in January and presently runs 115 stores (Representative Image)
Costa Coffee, which is owned by Coca-Cola and is a top coffee chain, is placing a significant bet on India by expanding its reach in major cities. The restaurant franchise, managed by Devyani International in India, aims to bolster its nationwide presence over the next three years.
Vinay Nair, General Manager, India & Emerging Markets, Costa Coffee, said, “We believe India can be a significant growth story for Costa Coffee’s global business.”
He added, “Last year, we kickstarted our expansion in India (after Coca-Cola took over the brand in 2018-19) with Devyani International and added about 60 stores.”
Costa Coffee launched its 100th outlet in Delhi, India in January and presently runs 115 stores. The brand aims to fortify its market share in the current regions and venture into unexplored cities.
“We are following a cluster-based approach for the expansion. So over the next three years, we expect to have a strong presence in the top 8-10 cities along with the adjacent markets. We are also tapping into specialised channels at airports, highways, and healthcare,” Nair explained.
The coffee chain is considering expanding its operations in the Mumbai-Pune, Bengaluru, and Hyderabad clusters.
“Coffee culture is still in the early stage of category development in a tea-drinking nation of ours. Young consumers are increasingly embracing coffee as a category, and there is a thriving coffee community in India. There is a growing interest in speciality coffee. We are quite bullish about the India consumption story, as for us, coffee is a long-term bet,” he added.
With the introduction of its new campaign ‘You x Costa Coffee,’ the brand has also revitalized its brand positioning.
“We have been building up to this over the past six months and all our new stores are being launched with the “uplift design” elements. This initiative aims to enable the brand to strengthen its connection with the current and next generation of coffee drinks as our outlets serve as networking and socialising hotspots,” Nair added.
Evening snacks are an important part of our daily diet. They not only keep our hunger pangs at bay but also provide the necessary nutrients to fuel our body till dinner time. However, choosing the right evening snack is crucial for maintaining a healthy lifestyle. It’s easy to fall into the trap of reaching for processed, high-fat, and sugary snacks when hunger strikes, but these choices can harm our health in the long run. Therefore, it’s important to opt for healthy snack options that provide essential nutrients and energy without compromising on taste. In this article, we will explore some delicious and nutritious snack options for your evening cravings that will leave you feeling satisfied and energized.
While one naturally wants to indulge in unhealthy snacking options like potato chips, candy, chocolates, fries or other fast food items or aerated drinks, it is important to note the negative effects they may cause to our body, so we should indulge in mindful snacking and be aware of what we are giving to our body, especially because it is 2023 and we have dozens of healthy and tasty snacking options available with us like homemade trail mix, roasted chips or popcorns.
While all popcorn may not be healthy we have faith on 4700BC’s All-Natural Popcorn.
4700BC’s All-Natural Popcorn
4700BC is a brand known for its commitment to crafting delicious snacks made from the finest, all-natural ingredients. Their All-Natural Popcorn is no exception to their high standards, offering a healthier snack option that still delivers on taste.
Made from non-GMO corn, this popcorn is air-popped and coated in a blend of pure, natural ingredients. It is free from any artificial flavors, colors, or preservatives, making it a guilt-free snacking choice. The popcorn is also gluten-free, making it suitable for those with gluten sensitivities.
4700BC’s All-Natural Popcorn comes in a range of flavors to satisfy every palate. From classic Butter Popcorn to the fiery Peri Peri Popcorn, there is a flavor for everyone. Other flavors include Cheese & Caramel, Salt & Pepper, and Tangy Masala.
The popcorn is packaged in a resealable bag, making it perfect for snacking on the go or at home. It is also available in different pack sizes, making it convenient for sharing with friends and family.
Not only is this popcorn delicious, but it is also a healthier snacking option compared to other processed snacks. With its all-natural ingredients and no artificial additives, you can indulge in this guilt-free snack anytime, anywhere.
As we age, our skin starts to lose its elasticity and firmness, leading to the appearance of fine lines and wrinkles. While there are many anti-aging products available in the market, not all of them are effective, and some may even contain harmful chemicals. If you’re looking for a natural and safe way to fight the signs of aging, look no further than Nisarg Organic Farm’s Hibiscus Powder.
Nisarg Organic Farm is committed to providing high-quality, organic products that are safe for both you and the environment. Their Hibiscus Powder is no exception, and it’s packed with benefits for your skin. In this article, we’ll explore what hibiscus powder is, its benefits for your skin, and how to use it for the best results.
What is Hibiscus Powder?
Hibiscus powder is made from the dried and ground petals of the Hibiscus flower. This flower is native to tropical regions and has been used for centuries for its medicinal and cosmetic properties. Hibiscus powder is rich in antioxidants, vitamins, and minerals that are essential for healthy skin.
Benefits of Hibiscus Powder for Skin
Anti-aging Properties:
Hibiscus powder is packed with antioxidants that help fight the signs of aging. Antioxidants neutralize free radicals, which are molecules that can damage your skin cells and accelerate the aging process. This flower is also rich in vitamin C, which is essential for the production of collagen, a protein that keeps your skin firm and elastic. Regular use of hibiscus powder can help reduce the appearance of fine lines and wrinkles, giving you younger-looking skin.
Moisturizing Properties:
Hibiscus Powder is a natural humectant, which means it can help your skin retain moisture. This is important because dry skin is more prone to wrinkles and fine lines. When you use Hibiscus Powder on your skin, it creates a barrier that locks in moisture, keeping your skin hydrated and plump.
Exfoliating Properties:
Hibiscus powder contains natural acids that help exfoliate your skin. Exfoliation removes dead skin cells from the surface of your skin, revealing brighter, smoother skin underneath. This flower also contains alpha-hydroxy acids (AHAs), which can help improve skin texture and reduce the appearance of scars and hyperpigmentation.
Anti-inflammatory Properties:
Hibiscus powder has anti-inflammatory properties that can help soothe irritated skin. It contains natural compounds that help reduce inflammation, redness, and swelling. This makes it an excellent choice for those with sensitive or acne-prone skin.
Brightening Properties:
Hibiscus powder contains natural AHAs that can help brighten your skin. AHAs work by gently exfoliating the surface of your skin, removing dead skin cells, and revealing brighter, more radiant skin. This flower also contains vitamin C, which can help reduce the appearance of dark spots and hyperpigmentation.
How to Use Hibiscus Powder for Skin Care:
Hibiscus powder has been used in Ayurvedic medicine for centuries to treat various skin ailments, including acne, eczema, and aging skin. This powder is made from dried hibiscus flowers, which are rich in antioxidants and vitamin C. These nutrients help to rejuvenate the skin and promote collagen production, which can help reduce fine lines and wrinkles.
Here are some simple steps to incorporate hibiscus powder into your skincare routine:
Step 1: Cleanse your face with a gentle cleanser and pat dry.
Step 2: Mix 1-2 tablespoons of hibiscus powder with enough water to form a paste.
Step 3: Apply the paste to your face and neck, avoiding the eye area.
Step 4: Leave the paste on for 15–20 minutes.
Step 5: Rinse off the paste with warm water and pat dry.
Step 6: Apply your regular moisturizer.
You can use hibiscus powder once or twice a week, depending on your skin’s needs. With regular use, you should notice a visible improvement in the appearance of fine lines and wrinkles.
Why choose Nisarg Organic Farm’s Hibiscus Powder?
When it comes to skincare, it is important to choose products that are natural and free from harmful chemicals. Nisarg Organic Farm’s hibiscus powder is made from 100% pure and organic hibiscus flowers. Here are some reasons why you should choose Nisarg Organic Farm’s hibiscus powder for your skincare needs:
Organic and Chemical-Free: Nisarg Organic Farm’s hibiscus powder is made from organically grown hibiscus flowers without the use of harmful chemicals, pesticides, or fertilizers. This ensures that the powder is free from toxins and safe to use on your skin.
High-Quality: Nisarg Organic Farm’s hibiscus powder is made from high-quality hibiscus flowers that are carefully selected and processed to retain their natural nutrients. This ensures that the powder is effective in reducing fine lines and wrinkles.
Affordable: Nisarg Organic Farm’s hibiscus powder is an affordable solution for those who want to improve their skin’s appearance without spending a lot of money on expensive skincare products.
Easy to Use: Nisarg Organic Farm’s hibiscus powder is easy to use and can be incorporated into your skincare routine without any hassle.
Hibiscus powder is a natural and effective solution for reducing fine lines and wrinkles. Nisarg Organic Farm’s hibiscus powder is made from 100% pure and organic hibiscus flowers and is free from harmful chemicals. It is an affordable and easy-to-use solution that can be incorporated into your skincare routine for visible results. Try Nisarg Organic Farm’s hibiscus powder today and say goodbye to fine lines and wrinkles for good!
Kareena Kapoor Khan is one of Bollywood’s most popular actresses known for her natural beauty and glowing skin. Her secret to flawless skin? Honey. In this article, we will explore the benefits of honey for skin and share three easy DIY honey face mask recipes inspired by Kareena Kapoor Khan’s go-to skincare ingredient.
Honey is a natural humectant, which means it helps to retain moisture in the skin, making it an excellent ingredient for dry and dehydrated skin types. It also contains antibacterial properties that can help to treat and prevent acne, and its antioxidants can protect the skin from environmental stressors that cause premature aging.
DIY Honey Face Mask Recipes
Here are three easy DIY honey face mask recipes that you can try at home to achieve flawless skin like Kareena Kapoor Khan.
Recipe 1: Honey and Lemon Juice Face Mask
Ingredients:
2 tbsp raw honey
1 tbsp freshly squeezed lemon juice
Instructions:
In a small bowl, mix together the honey and lemon juice until well combined.
Apply the mixture to your face using clean hands or a brush, avoiding the eye area.
Leave the mask on for 15-20 minutes.
Rinse off the mask with warm water and pat dry with a clean towel.
Benefits:
This honey and lemon juice face mask is great for oily and acne-prone skin. Lemon juice contains citric acid, which can help to exfoliate the skin and reduce the appearance of dark spots and acne scars.
Recipe 2: Honey and Milk Face Mask
Ingredients:
2 tbsp raw honey
1 tbsp milk
Instructions:
In a small bowl, mix together the honey and milk until well combined.
Apply the mixture to your face using clean hands or a brush, avoiding the eye area.
Leave the mask on for 15-20 minutes.
Rinse off the mask with warm water and pat dry with a clean towel.
Benefits:
This honey and milk face mask is perfect for dry and sensitive skin. Milk contains lactic acid, which helps exfoliate the skin and promote cell turnover, revealing smoother, brighter skin.
Recipe 3: Honey and Turmeric Face Mask
Ingredients:
2 tbsp raw honey
1 tsp turmeric powder
Instructions:
In a small bowl, mix together the honey and turmeric powder until well combined.
Apply the mixture to your face using clean hands or a brush, avoiding the eye area.
Leave the mask on for 15-20 minutes.
Rinse off the mask with warm water and pat dry with a clean towel.
Benefits:
This honey and turmeric face mask is excellent for brightening dull, tired-looking skin. Turmeric contains curcumin, which has anti-inflammatory and antioxidant properties that can help reduce inflammation and protect the skin from damage caused by free radicals.
How to Use Honey Face Masks
Before we delve into the different honey face masks, it is important to understand how to apply and remove them to maximize their benefits. Follow these simple steps:
Start with clean skin. Make sure to remove any makeup or dirt from your face before applying the mask.
Apply the honey face mask evenly on your face. You can use your fingers or a clean brush to apply the mask. Make sure to avoid the eye area.
Leave the mask on for 15-20 minutes. Use this time to relax and unwind.
Rinse off the mask with warm water. Make sure to remove all traces of the mask from your face.
Finish with a moisturizer. After rinsing off the mask, apply a moisturizer to keep your skin hydrated.
Honey is a natural ingredient that has numerous benefits for the skin. It has antibacterial, anti-inflammatory, and antioxidant properties that can help to prevent acne, soothe inflammation, and protect the skin from damage caused by free radicals. The three DIY honey face masks discussed in this article are easy to make and can be used for various
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