FMCG
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Unilever eyes competitive volume growth in India, anticipates price reduction amid commodity trends
Unilever, the multinational FMCG firm, is focusing on driving competitive volume growth in the Indian market and expects a price reduction in its products...
Patanjali Foods’ Q3FY24 net profit falls 19.55% to INR 216.54 crore
Patanjali Foods, an Indian fast-moving consumer goods company, reported a 19.55% decline in its net profit to INR 216.54 crore for the quarter ending...
Nestle India ramps up investments, sets sights on robust growth with INR 6,000-6,500 Crore expansion plan
Nestle, a leading FMCG company, is expanding its manufacturing capabilities and operations in India. According to Suresh Narayanan, the Chairman and Managing Director of...
Swiggy faces another high-profile departure as independent director Mallika Srinivasan steps down ahead of IPO
In another top-level exit at Swiggy, the food delivery major's independent director Mallika Srinivasan has stepped down, nearly a year after taking up the...
HUL announces key management changes: Shiva Krishnamurthy to lead foods and refreshment division
Hindustan Unilever Limited (HUL), a leading FMCG manufacturer, has announced top-level changes in its management committee, which oversees the company's operations. As per a...
Tata Consumer Products’ Q3 net profit slides 17% to INR 301.5 Crore, revenue up 9%
Tata Consumer Products Ltd recorded a consolidated net profit of INR 301.5 crore in the quarter ending December 2023, marking a 17 percent decrease...
Nestle India sees 4.3% increase in Q4 net profit, reaching INR 655.61 Crore
FMCG major Nestle India reported a 4.38% rise in net profit to INR 655.61 crore for the fourth quarter ended December 2023, compared to...
NielsenIQ forecasts 4.5-6.5% growth for FMCG sector in FY24; volume surges by 6.4% in Q4 2023 as urban-rural gap narrows
The fast-moving consumer goods (FMCG) sector in India experienced a 6% growth in value and a 6.4% growth in volume during the October-December quarter,...
FMCG firms optimistic about rural recovery amid macroeconomic improvements
Major FMCG firms are placing their bets on a gradual resurgence in rural demand for the current year, fueled by improving macroeconomic conditions, sustained...
Quick-commerce giants grab 30-50% of FMCG sales, kirana stores witness slowdown
In the last quarter of 2023, around 12 million local grocery stores in India observed a significant slowdown in sales. Meanwhile, quick-commerce companies not...
B2B SaaS platform Rupyz secures $1.2 Million in seed funding led by Merak Ventures to enhance FMCG distribution and supply chain solutions
Rupyz, a B2B SaaS startup, has secured $1.2 million (INR 9.9 crore) in its seed funding round, with Merak Ventures leading the investment, along...
Established brands maintain dominance in India’s FMCG sector with 65% market share, reveals Bain & Company Report
A report from Bain & Company reveals that in India, established brands in the fast-moving consumer goods (FMCG) sector still dominate, capturing 65 percent...