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 […]
Britannia Industries reported a 40.40 per cent drop in consolidated net profit to Rs 555.66 crore in the third quarter ended December 2023, compared to Rs 932.40 crore in the same period a year ago, according to a BSE filing. However, its revenue from operations increased 1.41 per cent at Rs 4,256.33 crore in Q3 FY24 […]
Fast-moving consumer goods (FMCG) businesses have reported single-digit volume growth with improved margins in most divisions during the December quarter, boosted by dipped commodity inflation, yet the operational environment remained tough. Some firms also reported a drop in topline numbers as they passed on the advantages of decreased commodity costs to consumers, affecting their gross […]
The Finance Minister presented the interim budget for the fiscal year 2024-25 on 1 February, and fast-moving consumer goods (brands) players have many things to say as they have welcomed the Interim Budget 2024. Industry players believe that the government’s interim budget maintains continuity in policies, focusing on welfare and support for the ‘Garib,’ ‘Mahilayen,’ […]
Dabur said on Wednesday that it will invest Rs 135 crore to establish a new manufacturing site in south India. Dabur India said in a statement that the facility would produce a variety of Dabur’s Ayurvedic Healthcare, personal care, and home care products, including Dabur Honey, Dabur Red Paste and Odonil air fresheners. The board […]
Lotte Wellfood, a Korea-based FMCG firm, will establish a new manufacturing plant in Haryana to produce its product Lotte Pepero, the company announced in a press release on Wednesday. The FMCG major stated that it has set up more than Rs 200 crore for the establishment of this new production plant. “This investment aims to […]
Dabur India on Wednesday reported an increase of 6.24 per cent in consolidated net profit at Rs 506.44 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 476.65 crore in the October-December quarter a year ago, Dabur India said in a BSE filing. Its revenue from operations […]
Adani group’s FMCG arm Adani Wilmar on Wednesday reported an 18 per cent year-on-year (YoY) dip in its December quarter profit at Rs 200.9 crore as against Rs 246.1 crore in the year-ago quarter. The company had reported a loss of Rs 130.7 crore in the September quarter of FY24. Its revenue decreased by 17 […]
Shaving products maker Gillette India on Tuesday reported a 39.62 per cent increase in profit to Rs 103.95 crore for the second quarter ended December 2023, pushed by productivity interventions and moderation of inflation. The company, which follows the July-June financial year, had reported a profit of Rs 74.45 crore in the year-ago period. Its […]
As India’s consumer industry stands at the cusp of a monumental transformation, with projections indicating it will become the world’s third-largest market by 2027, leaders in the retail sector are keenly awaiting the Interim Union Budget for FY 24-25 At the precipice of a significant shift in India’s consumer industry, poised to secure its position […]
