FMCG
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ITC’s FMCG business soars with 14% CAGR over 3 years, Aashirvaad brand hits INR 8,000 Crores in consumer spends
Over the past three years, the FMCG segment of the diversified conglomerate ITC has seen substantial growth, with a compounded annual growth rate of...
FMCG companies bet on Price-Point Packs to tap rapid growth in rural India
Price-Point Packs (PPP) remain a key driver of growth in the fast-moving consumer goods (FMCG) sector. Companies anticipate a surge in demand from rural...
Consumer goods companies adjust projections, expect demand recovery in FY25
Consumer goods companies have revised their initial projections, now anticipating a recovery in demand only during the first quarter of FY25. This marks a...
Skippi eyes INR 100 Crore revenue by FY25, unveils plans for new manufacturing facility in Hyderabad
Skippi, the ice popsicle brand, is aiming to achieve a revenue of INR 100 crore in the next financial year 2024-25, as stated by...
Despite revenue boost, Paper Boat’s net loss soars by 71% in FY23
Hector Beverages, the company behind the popular beverage brand Paper Boat, experienced a 71% increase in its net loss, reaching INR 90.6 Crores during...
Daawat earns top spot in Canstar Blue’s dry rice ratings in Australia
LT Foods, a venerable Indian-origin FMCG company with a 70-year legacy in the consumer food space, proudly announces that its flagship brand, Daawat, has...
Epigamia appoints Rahul Jain as CEO, charts new course for growth in the health snack market
Mumbai-based health snack brand Epigamia has appointed Rahul Jain, its co-founder and chief operating officer, as the new chief executive officer.He takes over from...
ITC takes the lead as top FMCG manufacturer in the food sector
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...
BIA Brands makes first foray into skincare with TrueKind acquisition
Fast-moving consumer goods (FMCG)-centric BIA Brands has acquired Mumbai-based TrueKind, marking its initial venture into the skincare space.Nevertheless, the financial terms of the deal...
Kiranas grapple with surplus: Pre-Diwali orders linger on shelves, prompting cutbacks in fresh FMCG orders
In November, orders placed with fast-moving consumer goods companies by kiranas or local neighborhood stores, which account for over 85% of their sales, experienced...
Wipro Consumer Care – Ventures launches second fund of INR 250 Crore to boost consumer startups
Wipro Consumer Care - Ventures, the venture funding division of Wipro Consumer Care and Lighting, announced on Saturday the initiation of its second fund,...
Festive season falls flat for FMCG sector, leaving distributors with surplus stocks
The national federation of fast-moving consumer goods distributors has reported that subdued demand during the festive season has resulted in distributors struggling with surplus...