Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Nestle India on Thursday reported a 15 per cent year-on-year (YoY) Profit After Tax growth at Rs. 698.3 crore for the second quarter of calendar year 2023. The company reported a revenue growth of 15.2 per cent YoY to Rs. 4,658.3 crore in Q2CY23, exceeding market expectations of Rs. 4,629.7 crore. According to the brand, […]
Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]
Mitra, a direct-to-consumer (D2C) and Fast Moving Consumer Goods (FMCG) brand has opened its Alwar Oil Plant. According to the company, it has imported advanced machinery from Germany, ensuring a no-human-touch manufacturing process. Subsequently, the decision to set up the plant was driven by market demand and the need to introduce new oils, including soya […]
Shares of Adani Wilmar are expected to be closely watched as the company announced a 15 per cent year-on-year decline in sales attributed to a significant drop in edible oil prices, despite a 25 per cent increase in volumes for the quarter. The edible oil and industrial essentials segments experienced a 15 per cent decrease […]
Revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent this fiscal 2023-24, a tad slower than the 8-9 registered in the past two fiscals, according to Crisil Ratings. Higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, […]
Reliance Consumer Products (RCPL) on Wednesday announced its expansion of the made-for-India consumer packaged goods brand ‘Independence’ to the North India region. RCPL is the FMCG arm and wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL). ‘Independence’ offers a range of products including edible oils, grains, pulses, packaged foods and other items for daily […]
ITC‘s revenue from its fast-moving consumer goods (FMCG) business witnessed a substantial growth of 20 per cent in the fiscal year 2022-23 (FY23), according to a recent media reports. The revenue reached Rs 29,000 crore compared to Rs 24,000 crore in FY22. Notably, this impressive growth does not include revenue from its tobacco business, and […]
India’s leading Regulatory Technology solutions company, TeamLease Regtech, has released its report titled ‘Simplifying Compliance Management for the Retail Industry.’ This report gives an overview of the compliance complexity and challenges faced by entrepreneurs and employers in the retail industry delivering into the recent policy reforms to provide insights into the industry’s future outlook. This […]
Pansari Group, a FMCG companay, on Saturday reported a 30 per cent growth in sales volume in the fiscal year 2022-23. Following its recent expansion in the Western and Southern Indian markets, the brand is sufficiently prepared to successfully establish itself in the FMCG industry across India, the company said. According to the company, 70 […]
