Dabur, a major player in fast-moving consumer goods, encountered challenges in the third quarter of the current financial year, with projections indicating potential impacts due to a weaker winter, as per insights from Emkay, a brokerage firm. Despite these challenges, expectations point to approximately 7 per cent growth in consolidated revenue and a 9 per […]
Analysts anticipate a sluggish revenue growth in the third quarter of FY24 for the fast-moving consumer goods (FMCG) sector due to subdued volumes, despite the favorable impact of lower raw material prices on gross margins. The persisting demand challenges have led to restrained volume growth across FMCG products. Rural volumes lag behind urban figures, impacted […]
Apple is reportedly allowed to resume the import of its smartwatches by the US International Trade Commission (ITC), on Wednesday. The tech major was recently restricted from its flagship devices import after medical monitoring tech company Masimo allegedly accused Apple of incorporating its oximetry technology into the popular Apple Watch. Following this, the tech giant […]
ITC, a conglomerate spanning hotels to consumer goods on Tuesday disclosed that its packaged consumer goods division experienced a robust 14 per cent Compound Annual Growth Rate (CAGR) in revenues over the last three years, concurrently introducing 300 new products. In the fiscal year 2022-23, this segment, encompassing brands like Aashirvaad, Sunfeast, Fiama and Engage, […]
Wipro Consumer Care and Lighting has completed the acquisition of personal care brands Jo, Doy, and Bacter Shield from VVF (India), marking its 15th acquisition to date and the third in the past twelve months. This move reflects the company’s plan to expand its presence in the personal wash segment, as its already existing portfolio […]
In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC’s interest in Adani Wilmar has been sparked by its growing […]
The Centre government has decided not to sell its significant shares in ITC. ITC is India’s top firm with ventures ranging from cigarettes to hotels. As per reports in the media, the government’s shares are protected by the Specified Undertaking of the Unit Trust of India (SUUTI). Currently, SUUTI holds a 7.87 per cent equity in ITC, […]
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 […]
Union Finance Minister Nirmala Sitharaman on Saturday said that the Goods and Services Tax (GST) Council has decided to exempt Extra Neutral Alcohol (ENA), a key raw material for manufacturing alcoholic liquor for human consumption, from the GST, giving states the exclusive right to tax the item. Sitharaman, while briefing the media after the 52nd […]
ITC, a diversified conglomerate based in cities, has unveiled its foray into the dairy industry in the state of Jharkhand. Under its ‘Aashirvaad Svasti’ brand, the company will introduce a range of dairy products, including milk, yogurt, cottage cheese (paneer), lassi, and sweet curd (‘mishti doi’) to cater to consumers in Jharkhand, according to an […]
