FMCG
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Raymond-Godrej FMCG deal faces DGGI scrutiny over GST implications
The Directorate General of GST Intelligence (DGGI) is currently investigating a recent transaction where Raymond transferred its consumer goods division to a unit under...
Nestle India’s Profit Soars 37%, Eyes FMCG Acquisitions
During an investor call on Wednesday, Nestle India's managing director, Suresh Narayanan, expressed the company's strong interest in acquisitions. He emphasized that acquisitions remain...
Saffola Soya Ad Faces Restraining Order Post Emami Agrotech’s Petition!
A district court has issued a temporary restraining order on a Saffola Soya advertisement in response to a petition filed by Emami Agrotech, a...
Marico’s innovative flavor strategy propels Saffola to top spot in oats market
Marico, a prominent domestic FMCG company, demonstrates its ability to add flavor and outperform the PepsiCo-owned brand Quaker oats.Marico's approach of infusing a regional...
Rural FMCG recovery pauses amid food inflation and uneven rains
The FMCG industry has witnessed a challenging September quarter amid subdued consumer demand and a decline in rural consumption due to persistent food inflation...
Udaan likely to secure downround funding, valuation expected to dip below $2 Billion
Udaan, the B2B ecommerce giant, which has been grappling with fundraising difficulties for some time now, might finally see a ray of hope.A Bengaluru-based...
HUL Q2 earnings soar 4% to INR 2,717 Crore, dividend set at INR 18 per share
Hindustan Unilever Ltd (HUL), a leading company in the fast-moving consumer goods (FMCG) industry, has announced a 4% increase in its independent net profit,...
Nestle India achieves INR 908 Crore PAT in Q2 FY24, announces share split
Fast moving consumer goods major Nestle India Ltd on Thursday said it had closed the second quarter of FY24 with a higher revenue and...
ITC reports 8.9% YoY growth in gross revenue excluding wheat & rice exports; PAT reaches INR 4,927 Crore
Despite a challenging business landscape and a significant base effect in certain operational areas, ITC Limited managed to maintain its robust growth trajectory for...
Nestle India reports double-digit growth in domestic sales, crosses INR 5,000 Cr turnover in Q3
Nestle India, a leading player in the FMCG sector, reported a strong double-digit growth in its domestic sales during the third quarter. The company...
ONDC anticipates 2.5 Lakh daily transactions by FY24, considering nominal usage fees: T. Koshy
Thampi Koshy, the Managing Director of the government-backed e-commerce platform Open Network for Digital Commerce (ONDC), anticipates that the daily transaction count is poised...
Kolkata’s Annapurna Swadisht appoints new Joint MD for strategic development and innovation
Kolkata's Annapurna Swadisht Ltd, a company renowned for its expertise in packaged snacks, food, and beverages, has recently appointed Mr. GP Sah (Gajanan Prasad...