Rajkot based firm Gopal Snacks has filed preliminary documents with market regulator Securities and Exchange Board of India (SEBI) to raise Rs 650 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP) issued on Tuesday, the issue is completely an offer-for-sale (OFS) of equity shares. OFS includes shares by […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
This Diwali, almost every sector reported better sales compared to the previous year, especially in the gifting sector. However, according to a recent survey by Almonds AI reveals that 73 per cent of the people were not satisfied with their Diwali gift. The study included a survey of more than 800 channel partners across India […]
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
FMCG major Marico anticipates a rebound in revenue growth in the second half of the fiscal year, with expectations of improving rural demand, according to Managing Director and CEO Saugata Gupta. The company has adjusted prices following a softening of inflation in the domestic market over the last two quarters, impacting revenue growth but aiding […]
Procter & Gamble Hygiene and Health Care reported a surge of 36.44 per cent in its net profit at Rs 210.69 crore for the first quarter ending in September, compared to the same quarter last year. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in […]
The three fast-moving consumer goods (FMCG) companies Hindustan Unilever (HUL), Nestle and ITC are (19 October 2023) announcing their July-September quarter results today, with analysts expecting mild revenue growth from HUL, robust low-teen-digit revenue growth from Nestle and ITC’s expects to report volume growth in the mid-single-digit range for its cigarette business HUL HUL is […]
The personal care and healthcare major, Emami has acquired a 26 per cent equity stake in Axiom Ayurveda. Emami dives into the juice segment under Axiom Ayurveda’s brand AloFruit, according to the media release. However, the company didn’t reveal the amount of the investment. Harsha V Agarwal, Vice Chairman & MD, Emami said, “We are […]
Dabur, a well-known home-grown Fast-Moving Consumer Goods ( FMCG) company, is set to scale up its digestive brand, Hajmola and mosquito repellent brand, Odomos, as the power brands, CEO Mohit Malhotra said in the investor meet last week. Currently, Dabur’s FMCG portfolio includes nine distinct power brands, with eight in India and one in overseas […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
