Tuesday, December 24, 2024

FMCG

LT Foods goes global, aims to tap $2 Bn rice market of Saudi Arabia

LT Foods Limited, a global FMCG company, has entered the Saudi Arabian retail market with the opening of a new office in Riyadh. This...

HUL announces demerger of  ice cream business, cites synergies limitation

Hindustan Unilever Ltd (HUL) has announced that its board has approved the demerger of its ice cream business into an independent listed entity.HUL owns...

Goyal Salt ltd registers approx. 60% revenue growth, hits INR 74.82 Cr in H1FY25

Goyal Salt Limited, a FMCG player in the salt industry, has announced its unaudited financial results for the half-year ending September 2024. The company...

Patanjali Ayurveda reports fivefold profit surge to INR 6,460 Cr despite sales decline

Baba Ramdev-led Patanjali Ayurved has reported a 23.15% increase in total income to INR 9,335.32 crore in 2023-24. The growth was largely driven by...

Food inflation to moderate in urban areas, double-digit growth expected – MD, Marico

Marico, a leading FMCG company, is optimistic about achieving double-digit growth in the second half of FY25, driven by an expected moderation in food...

Coca-Cola Christmas ad controversy: netizens react to ‘Real Magic AI’ creation

Coca-Cola's new Christmas commercial, generated by artificial intelligence, has sparked controversy on social media. The ad recreates the iconic "Holidays are Coming" theme, but...

Colgate faces temporary slowdown in urban growth; shifts focus to per capita consumption – Colgate MD

Colgate-Palmolive India's managing director, Prabha Narasimhan, attributes the slowdown in the FMCG sector to consumers delaying purchases or extending product usage."Consumers tend to titrate...

Fragrance sales defy economic downturn; grow 12% in 2024, outpacing FMCG

Despite a sluggish economy, the fragrance market in India has shown remarkable resilience, with major players like Godrej Consumer Products, Emami, ITC, and Shoppers...

FMCG growth sluggish due to rising housing cost and lower wage in urban areas – Britannia 

Britannia Industries' executive vice-chairman, Varun Berry, revealed that metropolitan cities hindered the fast-moving consumer goods (FMCG) market growth in the previous quarter.Housing cost is...

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