The Ministry of Commerce and Industry has issued a directive to all ecommerce platforms to remove Bournvita and similar drinks from the “Health Drinks” category following an inquiry by the National Commission for Protection of Child Rights (NCPCR). The commission, constituted under the Commission for Protection of Child Rights (CPCR) Act, 2005, concluded that there […]
The latest Household Consumption Expenditure Survey 2022-23 indicates a notable rise in the consumption of paan, tobacco, and intoxicants over the past decade, with people allocating a larger portion of their income to these products. The survey, conducted by the National Sample Survey Office from August 2022 to July 2023, reveals that in rural areas, […]
Reliance Consumer Products (RCPL), the FMCG arm and wholly-owned subsidiary of Reliance Retail (RRVL), stated on Wednesday that it has partnered with Sri Lanka-headquartered Elephant House to manufacture, market, distribute and sell beverages under the Elephant House brand across India. As per a company release, this association will not only help the Reliance company bolster […]
PepsiCo, a global beverage and food company, said on Friday that it expects “mid-single-digit” growth in the Indian market in 2023. According to the most recent financial report, PepsiCo’s global net sales will be USD 91.47 billion in 2023, representing a 5.9 per cent increase. PepsiCo stated that developing and emerging markets, including “China and […]
Nestle India, on Wednesday, reported a rise of 4.38 per cent in net profit at Rs 655.61 crore in the fourth quarter ended December 2023 as against the net profit of Rs 628.06 crore in the same period of the previous fiscal, the company said in a BSE filing. Its total revenue from operations also […]
Tamil Nadu State Marketing Corporation (TASMAC) on Monday announced that the excise tax on liquor is to be increased which is to be reflected on liquor prices in Tamil Nadu from 1 February. According to a release from TASMC Administration, “the excise tax on liquors is to be increased and therefore, liquor prices are to […]
ITC on Monday reported a 6.51 per cent increase in consolidated net profit to Rs 5,400.51 crore for the December 2023 quarter due to a resilient performance by the FMCG vertical compared to a consolidated net profit of Rs 5,070.09 crore in the October-December period a year ago, according to the regulatory filing. Its gross revenue […]
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
Tata Coffee, a Tata Group company, is set to finalise its merger with Tata Consumer Products (TCPL) and Tata Beverages and Foods (TBFL) on Monday, as per the company’s stock exchange filing. The record date for determining the shareholders entitled to receive TCPL’s equity shares post-demerger and amalgamation is 15 January. The company’s BSE filing […]
Roastery Coffee House is expanding its legacy to Finland. The expansion plans are already in motion and began with a stellar 3-day coffee pop-up event in Helsinki on the 15,16 and 17 of December 2023, held at ISO Roobertinkatu 30. Nishant Sinha, Founder of Roastery Coffee House commented, “This is more than just coffee; it’s […]
