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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...
FMCG firms maintain steady growth with single-digit volume increase and improved margins in December quarter
During the December quarter, Fast-moving consumer goods (FMCG) firms experienced single-digit volume growth and enhanced margins across various segments. This positive trend was facilitated...