Page 2 - Fmcg Companies

Tata Consumer to buy Bisleri International for Rs 6,000-7,000 crore: Report

Ramesh Chauhan, chairman of Bisleri International, does not have a successor to take Bisleri to the next level

India Inc wants to 'wait and watch' before responding to $8 Twitter plan

The companies are currently wary of adopting an aggressive marketing strategy on Twitter and want to first see where the new leadership takes the micro-blogging platform

National with a regional twist: FMCG majors tweak product line-up

HUL also has different formulations of Surf Excel for different parts of the country as the water differs across regions

Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw

FMCG makers expect margins improvement and comeback of rural sales from Q3

The FMCG industry expects an improvement in its margins and hopes to make a comeback from the rural market from the third quarter, though it witnessed pressure on volume in the September quarter as high inflation persists. Makers of fast moving consumer goods (FMCG) are now seeing green shoots of recovery with the onset of the festive season and a good monsoon and crop harvest in the rural areas. In the July-September quarter, listed FMCG companies, including HUL, ITC, Dabur, Nestle, Tata Consumer, Britannia and Marico, reported pressure on their margins on similar lines as the preceding quarter and said the demand environment remained challenging with inflation impacting consumption. However, as the commodity prices of palm, khopra etc have softened, FMCG companies expect a sequential improvement in their gross margins and mid-single-digit volume growth. In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such

FMCG companies watch rural demand with bated breath as pain persists

In October, FMCG sales in rural areas stood at 0.8 per cent while urban sales declined 0.1 per cent against September, according to data by Bizom- a retail intelligence platform

Indian firms outpace parent companies in valuations, shows data

Besides valuation differential, the Indian market is considered to be one of the key markets for most of these MNCs

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

DealShare launches private brands, plans Rs 500 cr investment in 2-3 years

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

Marico expands plant-based protein portfolio with Saffola Soya Bhurji

Product launched in Bengal, Delhi and Mumbai across general trade; will be available pan-India in phases, and across modern trade and major e-commerce platforms as well

After Thums Up and Sprite, Maaza is Coca Cola India's next $1 billion bet

Earlier in 2022, Thums Up became the first Indian brand from the company's Indian portfolio to touch $1 billion in sales

Reliance & Tata entry in beverages segment positive: Coca-Cola India prez

Entry of big companies such as Reliance Retail and Tata Consumer Products in the beverages segment is positive and will only help the category to expand, Coca-Cola President (India and Southwest Asia) Sanket Ray said on Tuesday. The entry of the two home-grown majors is a "great opportunity" albeit with enhanced competition and Coca-Cola India would invest to develop the market further and bring innovations to evolve the category and ultimately benefit the consumers, he said here in an interaction. Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in "some disruptions at the local level" leading to consolidation, but pricing will not be a game changer. "This category penetration is one of the lowest in FMCG. Coke and Pepsi do not have enough budget to get into that," he said when asked how the market dynamics would be with the entry of new players. Reliance Retail had acquired the home-grown brand Campa Cola signalling its intention to enter the

P&G India announces Rs 200 crore 'technovate fund' to solve challenges

FMCG major Procter & Gamble India on Tuesday announced a Rs 200 crore 'technovate fund' to help solve business challenges by fostering innovation, and leveraging innovative technology in collaboration with existing and new external suppliers. This fund is in addition to the Rs 1,300 crore that P&G has already committed over the past four years through its initiative vGrow, the company said in a statement. The US company's domestic arm said the fund will include solutions that will further strengthen its capabilities and drive innovation across various verticals. These include brand building and awareness, consumer research, go-to-market, and supply chain, as well as well as key focus areas such as digital analytics, transportation and warehousing, sustainability, and the future of payments. Through this fund, P&G aims to collaborate with external partners and innovators to help solve business challenges by leveraging innovative technology. L V Vaidyanathan, the chief ...

Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

Our Ebitda share from non-cigarette biz at 27%: ITC CMD Sanjiv Puri

As part of the ITC Next strategy, we are making sure that the organisation remains agile, nimble and consumer-centric at all times

HUL beats Street expectations in Sept quarter, net profit rises 22.2%

Net profit rises 22.2% on 16.1% increase in revenue

Hindustan Unilever cuts prices of soaps, detergents after 2 years of hikes

Growth in volumes in the recent past was affected due to a significant surge in product prices

Top Headlines: TCS on moonlighting, licensing of digital apps, and more

TCS said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff

FMCG companies may see price hike-led revenue growth In July-September

Volumes to remain under pressure due to grammage reductions

Cash is king! Investing strategies to ride out choppy markets

They turn cautious and prefer defensive bets