Analysts predict subdued earnings growth for Indian consumer goods companies in Q4 FY24. While FMCG revenues are anticipated to grow slightly faster, profit growth is expected to lag behind previous trends. The volume growth in the FMCG sector for the quarter ending March 2024 is projected to be challenging, driven by urban demand, with rural […]
PepsiCo India on Tuesday disclosed an investment of Rs 1266 crore in India to establish a state-of-the-art flavour manufacturing facility in Ujjain, Madhya Pradesh, reaffirming its commitment to expand operations in the country. Spread over 22 acres, this plant will play a significant role in scaling up PepsiCo’s beverage production in India, generating employment and […]
Bikano introduced its latest offerings – the “Madras” and “Tasty Saga” Flavor Mixtures. This expansion into the southern Indian taste palette marks a significant milestone for Bikano as it aims to cater to diverse regional preferences and tap into new markets. Manish Aggarwal, Director of Bikano, Bikanervala Foods, expressed his excitement about Bikano’s foray into […]
The fast-moving consumer goods sector is anticipated to experience sluggish growth until the September quarter of 2024, as per a report from Kantar, a data, insights, and consulting firm. The uncertain outlook for the agricultural sector, coupled with the upcoming general elections, is expected to limit the consumption of FMCG products. Kantar Worldpanel’s FMCG pulse […]
Gopal Snacks on Tuesday stated that it has raised Rs 194 crore from anchor investors, a day before its initial public offering (IPO). The Rajkot-based business has issued 48.36 lakh equity shares to 19 funds at Rs 401 each, which is also the higher end of the pricing range, according to a BSE filing. Participants […]
Gopal Snacks has revealed that it will launch its initial public offering (IPO), which got regulatory permission earlier this year, on 6 March. The edition will be available for public subscription until 11 March. The price range for the public offer, which is essentially an offer for sale (OFS) of up to Rs 650 crore, will be revealed on […]
Danone and Nestle, the leading consumer goods companies, said on Thursday that they will slow price rises in 2024, following two years of hikes that pushed many buyers to seek cheaper alternatives for essential items such as yoghurt and coffee. However, Danone, which owns brands such as Evian and Badoit waters and Activia yoghurt, warned that prices […]
Apart from Delhi in North India, Jubilant FoodWorks have three more Popeyes stores planned for Noida, Faridabad and Gurgaon in the pipeline Jubilant FoodWorks (JFL) unveils fried chicken brand, ‘Popeyes’, known for its Louisiana Chicken, to the national capital region with the opening at Omaxe Chowk mall in Chandni Chowk, expanding its portfolio alongside Domino’s, […]
Adani Wilmar has appointed Jignesh Shah as the new head of media and digital marketing. Shah, with over 20 years of experience, including a decade at Adani Wilmar, will be responsible for strategic promotion across the company’s flagship brand, “Fortune,” and other popular brands in the oil and food portfolios. Alongside this role, Shah will […]
Patanjali Foods on Thursday reported a 19.3 per cent year-on-year (YoY) drop in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2 per cent to Rs 7,911 crore. Sequentially, the topline rose just 1.1 per cent, while the bottomline dropped by nearly 15 per cent. The primary food […]
