ITC To Fully Acquire Mother Sparsh & 24 Mantra Organic
The company aims to strengthen its position in the organic and personal care segments through these acquisitions
Companies
News
Orion India Doubles Down With Capacity Expansion & New Products
- by BW Retail World Bureau
- March 23, 2024
Orion India, the Indian subsidiary of South Korea’s confectionery giant Orion Holdings, is intensifying its focus on its local range of snacking products, which includes popular items like Choco Pie dessert snacks and Turtle chips, according to the company’s managing director, Saurabh Saith. Having entered the Indian market five years ago, the company is now […]
Brands
Companies
Finance
News
British American Tobacco To Sell Stake In ITC
- by BW Retail World Bureau
- March 12, 2024
British American Tobacco Plc (BAT), known for its Lucky Strike cigarettes, is poised to initiate the sale of a portion of its stake in its Indian partner, ITC, as early as this week, according to media reports. Reports suggest that London-listed BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding […]
Brands
Companies
Finance
Government
National
News
DGGI Accuses FMCG Firms Including ITC, PepsiCo Of GST Evasion
- by BW Retail World Bureau
- March 7, 2024
The Directorate General of GST Intelligence (DGGI) has initiated action against many fast-moving consumer goods (FMCG) companies for alleged tax fraud. According to a report, DGGI filed notices and investigative intimation letters to FMCG businesses such as ITC, Pepsico, Prataap Snacks, Balaji Wafers, Guiltfree Industries and Sarveshwar Foods about this. These companies are suspected of […]
Brands
Companies
Finance
FMCG
News
Moderating Input Costs Boosts Margins For FMCG Companies
- by BW Retail World Bureau
- February 5, 2024
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 […]
Brands
Companies
Finance
FMCG
News
ITC Q3 Profit Rises 6.5%, FMCG Drives Growth
- by BW Retail World Bureau
- January 30, 2024
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 […]
Brands
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Finance
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Godfrey Q3 Profit Up 6.6%, Revenue Jumps 34%: Core Cigarettes Drive Expansion
- by BW Retail World Bureau
- January 30, 2024
Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses. The company reported a consolidated net profit of Rs 212 crore for the quarter ended 31 December, up 6.6 per cent from last year. Total revenue from operations rose 34 per cent to Rs […]
Brands
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Interviews
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ITC Anticipates Growth In Stationery Segment
- by Musharrat Shahin
- January 29, 2024
In an exclusive conversation with BW Businessworld, Vikas Gupta, CEO of the education and stationary products business division, of ITC Ltd enlightened the current scenarios and plans of the Stationery market. The global stationery market stands at 26.06 billion US dollars in 2023 and is predicted to reach 39.32 billion by 2033, as stated in […]
Brands
Feature
National
News
States
Brands Unite Tradition And Modernity For Ram Mandir Consecration
- by reema-bhaduri
- January 22, 2024
As the day has arrived for the Ram temple consecration ceremony at Ayodhya in Uttar Pradesh, brands are seizing the opportunity with unique marketing initiatives to showcase and bring their best foot forward on the momentous celebration. Brands from diverse sectors are participating on this significant occasion with their new brand campaigns and products. Uniting […]
Brands
Companies
Electronics
News
Apple Smartwatch Sales Halted Again As ITC Rejects Stay Request
- by BW Retail World Bureau
- January 11, 2024
The US International Trade Commission (ITC) has reportedly opposed Apple’s petition seeking a stay in a case involving the sales of its flagship device, smartwatches, according to a media report on Thursday. This is regarding a complaint by California-based tech company Masimo which allegedly claimed that Apple had infringed its patents. Earlier, ITC had considered […]