Strategic initiatives and product innovation drive Nestle India’s growth despite inflationary pressures Nestle India reported a revenue growth of 3.3 per cent YoY, reaching Rs 4,813.9 crore. Despite facing lower consumption growth, the company achieved decent growth due to an improved product mix and increased sales volume. The company reported a 5.6 per cent YoY […]
Economic survey reveals Telangana’s persistent inflation issues amidst national challenges According to the Economic Survey of India for FY 2023–2024, Telangana has one of the highest retail inflation rates in the country at 6.4 per cent, compared to the nationwide average of 5.4 per cent. Union Finance Minister Nirmala Sitharaman presented the survey to Parliament […]
Parag Milk Foods achieves growth in core categories and improved margins amidst soft raw material prices Parag Milk Foods has revealed its unaudited financial results for the quarter ending 30 June 2024. The company has reported robust growth figures, showcasing its strong market presence and effective strategies. In Q1 FY25, Parag Milk Foods recorded a […]
During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions and supply disruptions contributed to rising inflationary pressures globally The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government’s timely policy interventions and the Reserve Bank of India’s price […]
With the Union Budget 2024 just around the corner, key players in the beverage industry voice their expectations for reforms that could drive growth and sustainability With the Union Budget 2024 just around the corner, key players in the beverage industry are voicing their expectations for reforms that could drive growth and sustainability. The focus […]
“We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging,” said Nils Selte, President and CEO, Orkla Norwegian investment firm Orkla is considering an initial public offering (IPO) for its Indian unit, which owns the renowned spices and condiments brands MTR […]
The new rules will not be applicable to the packaged commodities meant for industrial or institutional consumers The government will make it mandatory for manufacturers of all products sold in retail to mention key details about their contents on the packaging, irrespective of how much they weigh. Currently, packaged products above 25 kg sold in […]
DMart reports a consolidated net profit of Rs 7.74 billion for the first quarter of 2024 versus Rs 6.59 billion a year earlier India’s Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5 per cent rise in first-quarter net profit. It reported a consolidated net profit of Rs 7.74 billion (92.68 […]
Monsoon progress and seasonal variations are expected to stabilise inflation rates Retail inflation in India is projected to remain below or close to 5 per cent for most of the remaining months of 2024-25, except for September, according to a report from The Economic Times. The report, authored by Soumya Kanti Ghosh, Group Chief Economic […]
LDC relaunched its Vibhor edible oil brand in India to tap into the growing B2C market With over 25 years of presence in India, Louis Dreyfus Company (LDC), a global merchant and processor of agricultural goods, announced today the relaunch of Vibhor, its consumer-facing edible oil brand in India, in line with LDC’s broader strategy […]
