Food
Consumer Economy Food

Veg, Non-veg Thalis Get Cheaper In Aug

The cost of a home-cooked veg thali now stands at Rs 31.2, while the cost for the non-veg thali came down to Rs 59.3 in August 2024, as per the Crisil report

Read More
Companies Consumer consumer Economy Food Food & Beverage. Food/Entertainment News Retail Sector

Inflation Drives Up Thali Costs: Vegetarian Thali Price Sees 11% Increase In July

Non-vegetarian thali experiences a slower 6 per cent rise amidst surging vegetable prices Inflation is now impacting the cost of thalis across India, with the price of a vegetarian thali increasing by 11 per cent and a non-vegetarian thali by 6 per cent in July on a month-over-month basis, according to CRISIL MI&A Research estimates. […]

Read More
Brands Companies Consumer consumer FMCG Food Food & Beverage. Food/Entertainment Grocery News Retail Sector

LT Foods Reports 17% Revenue Growth & 13% Profit Increase In Q1 FY25

Strategic focus on premiumisation and innovation drives impressive growth for LT Foods LT Foods revealed its unaudited consolidated financial results for the first quarter ended 30 June 2024. The company’s total revenue for Q1 FY25 stood at Rs 2,088 crore, marking a 17 per cent increase year-on-year. Gross profit reached Rs 700 crore, up 16 […]

Read More
Brands Companies Consumer consumer FMCG Food Food & Beverage. News Retail Sector

Nestle India Reports Resilient Q1FY25 Performance Amid Economic Challenges

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 […]

Read More
Consumer consumer Economy Food Food & Beverage. Government Grocery News Retail Sector

Telangana Faces High Retail Inflation: 6.4% Rate Surpasses National Average

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 […]

Read More
Brands Companies Consumer consumer FMCG Food Food & Beverage. Grocery News Retail Sector

Parag Milk Foods Reports Strong Q1FY25 Performance With 10% Volume Growth & 77% PBT Increase

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 […]

Read More
consumer Economy Food Food & Beverage. Government Grocery News Retail Sector Trade

Govt’s Interventions, RBI’s Measures Helped Maintain Retail Inflation At 5.4%: Economic Survey 2024

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 […]

Read More
Brands Companies consumer Consumer Food Food & Beverage. Grocery News Retail Sector

MTR Foods Parent Company Orkla India Explores IPO, Aims For 2025 Launch

“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 […]

Read More
Consumer consumer Economy Food Grocery News Retail Sector

Government Urges Retailers To Lower Pulse Prices Amid Wholesale Decline

Retail prices of pulses lag behind wholesale market drop; government warns against profiteering On Tuesday, the government called for retailers to adjust their profit margins on tur, urad and chana dals following a 4 per cent decline in wholesale prices over the past month as reported by PTI. Despite the fall in wholesale markets, retail […]

Read More
Consumer consumer E-commerce & Marketplaces Economy Food Food & Beverage. Government Manufacturing News Retail Sector

New Packaging Rule Mandates Key Details On All Retail Products

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 […]

Read More