The above-normal monsoon forecast brings hope for improved Kharif production The government has bought nearly 71,000 tonnes of onion so far this year to add to its buffer stock. It has set a target of procuring five lakh tonnes of onion for price stabilisation and expects retail prices to ease as the monsoon progresses over […]
This comes as the company achieves near EBITDA positivity with 140 per cent year-on-year growth Zepto, India’s fastest-growing consumer internet company, has raised 665 million USD at a 3.6 billion USD valuation in a highly oversubscribed round. Avenir, Lightspeed and Avra joined the company’s cap table as new investors, among others. Existing investors Glade Brook, […]
In the food basket, cereals, paddy, pulses, vegetables, potatoes, onions and fruits spiked Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rose from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potatoes, onions […]
Assuming favourable monsoon conditions, India’s food inflation is expected to decline, while non-food inflation remains stable due to low commodity prices Retail inflation in India is projected to experience a moderation, contingent on the assumption of a normal monsoon season. Recent data suggests that food inflation could soften significantly, providing relief to consumers. The Consumer […]
Tushar Malhotra, Director of Sales and Marketing at Bisleri International reveals to BW Retail World that this April and May, Bisleri saw over 30 per cent growth compared to last year Bisleri International ropes in Bollywood actor Aditya Roy Kapur as the brand ambassador, revealing in a new campaign #DoubleTheChill for ‘Limonata’, its limey minty […]
After Amul, Mother Dairy too has announced an increase in prices of its liquid milk by Rs 2 per litre across all operating markets of the country, effective 03 June 2024. In Delhi-NCR, the new prices for Mother Dairy milk will be Rs 68 per litre for full cream milk, Rs 56 per litre for […]
Basmati rice brands ‘Daawat’ and ‘Royal’ lead growth amid challenging market conditions LT Foods, a global FMCG company with Indian origins and over 70 years in the consumer food sector, reported a 14 per cent increase in consolidated net profit, reaching Rs 150.24 crore for the fourth quarter of fiscal 2023-24, buoyed by strong sales. […]
Historic foray marks a new era for the 100-year-old company with a focus on home state Assam and future nationwide growth After a 100-year history, B&A has ventured into the retail segment with its new ‘Gatoonga’ brand of black tea, according to a senior company official. The brand was launched in Assam as the company […]
ICRA estimates the food and beverages inflation to cross the 8.0 per cent mark this month The International Credit Rating Agency (ICRA) expects consumer price index inflation to grow at 5.0-5.2 per cent in May 2024. Data released by the Department of Consumer Affairs (DCA) indicates a mixed trend in retail food prices in May […]
The proposal aims to address the fallout from Singapore and Hong Kong’s decision to recall certain spice mixes originating from India, citing pesticide residue levels exceeding permissible limits In the wake of recent recalls of popular Indian spice brands by authorities in Hong Kong and Singapore due to pesticide residue concerns, the Food Safety and […]
