Saturday, November 9, 2024

Angshu Mallick

FMCG biggies positive on Budget 2024, expect more job opportunities and surge in product demand

News
In the 2024 budget, Finance Minister Nirmala Sitharaman has earmarke͏d ͏INR 1.52 lakh crore for agriculture and al͏lied͏ sect͏ors, and͏ INR 2.66 la͏kh crore for ͏rural development. Additi͏onally, ap͏proxi͏m͏ately INR͏ 10 lakh crore has been allocated...

Cooking oil prices rise 15% in a month

News
Cooking oil prices have surged by up to 15% in the last month, potentially causing worry for the Modi government to rein in food inflation as it starts its third term. Adani Wilmar, Emami Agrotech, and Sunvin...

Adani Wilmar targets doubling staple foods business within three years

News
Adani Wilmar has set its sights on expanding its food and FMCG operations to reach approximately INR 10,000 crore within the next three years....

Adani Wilmar’s Q4 net profit surges 67% YoY to INR 157 Crore; revenue down 5%

News
Adani Wilmar, a fast-moving consumer goods (FMCG) company, reported a 67% growth in its consolidated net profit to INR 157 crore for the quarter...

Interim Budget 2024 sets the tone for inclusive development, FMCG executives optimistic

News
Executives representing leading FMCG companies have praised the Interim Budget 2024, displaying confidence in the government's commitment to fostering inclusive and sustainable growth for...

Interim budget 2024 falls short on immediate rural consumption revival, companies pin hopes on long-term impact through rural housing and post-harvest initiatives

News
Consumer goods companies have indicated that, while the interim budget may not promptly initiate a consumption revival, an enhanced emphasis on rural housing and...

Adani Wilmar’s Q3 profit slides 18% YoY to INR 201 Crore; revenue witnesses a 17% decline

News
On Wednesday, Adani Wilmar, the FMCG division of the Adani Group, reported an 18% decrease in its profit for the December quarter on a...

FMCG companies anticipate inflation-focused measures in upcoming budget to boost consumption and rural growth

News
Despite the early signs of recovery, the FMCG industry faced significant inflationary pressures, especially in the mass consumption segment. In anticipation of the February...

Govt asks cooking oil companies to align prices with international rates, industry executives express feasibility concerns

News
According to the solvent extractors association, the government has asked cooking oil companies to align their product prices with the decline in international rates....

Wedding season drives demand for essential items, boosts consumption by 35%

News
Demand for essential items such as basmati rice, edible oils, and maida (refined wheat flour) has seen a notable year-on-year increase of up to...

ITC takes the lead as top FMCG manufacturer in the food sector

News
In the nine months leading up to September, ITC Ltd has emerged as the leading fast-moving consumer goods (FMCG) manufacturer in the food sector...

Adani Wilmar Limited surges with 18% year-on-year volume growth in H1 2024, eyes expansion in food business

News
Adani Wilmar Limited delivered a strong performance in the recent quarter, showcasing an impressive 18 percent year-on-year volume growth in the first half of...

FMCG giant Adani Wilmar reports net loss of INR 78.92 Crore in Q1 FY24

News
Adani Wilmar, a prominent player in the Fast-Moving Consumer Goods (FMCG) sector, has announced a combined deficit of INR 78.92 crore for the initial...

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