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Parle Products, the world’s No.1 biscuits brand by volume sales, is set to launch packaged wheat flour (atta) next week. One of the largest wheat flour buyers, Parle will now venture into selling wheat flour in India. This launch will land Parle in a segment in competition with ITC’s ‘Aashirvaad’ brand that holds nearly half […]
ITC is increasingly looking in addition to FMCG growth. The company identifies “value assertive M&A” for its strategic business development.
Dettol is a popular hygiene brand, owned by Reckitt, a major FMCG company based out of the UK, has decided to substitute its current logo on its handwash products with the image of motivating stories of COVID warriors. Reckitt has started a #DettolSalutes campaign in which it has hand-selected 100 stories from all across India […]
Reliance Industries Ltd., India’s kingpin company just released its latest annual reports on Wednesday. The company’s Managing Director and Chairman, Mukesh Ambani mentioned that the company sold minority stakes of the Jio Platforms, which controls its telecom and digital business for close to ₹2 lakh crore and earned an additional ₹53,124 crores through rights issue. […]
The Patanjali Ayurved owned Ruchi Soya Industries Ltd. plans to issue fresh shares worth Rs 4,000 crore in the open market using a follow-on public offer(FPO). Patanjali owns a 98.9 per cent stake in the company and wants to reduce its holding to ensure compliance with the norms of the Securities and Exchange Board of […]
Here are some of the top FMCG companies in India
Online food ordering platform Zomato set a record of 4000 orders per minute on the occasion of New Year’s Eve. This was the highest rate of orders the delivery app has seen in history. India was imposed under night curfew on New Year’s Eve and this saw people relentlessly ordering food online. Zomato founder and […]
The Director of Hindustan Foods Limited has confirmed that its subsidiary, Hindustan Foods Limited Consumer Products is going to invest Rs. 125 crore in order to set up a manufacturing unit in North India. He further added that they are currently weighing their options on new projects which involve some of the leading companies in […]
The company said that as per Sebi regulations, promoters would have to reduce 10% stake by June 2021 and 25% stake in 36 months. The promoters currently hold 98.90% and Public holds 1.10%. Whereas, public should have at least 25%. In such a situation, However, how much Baba Ramdev’s stake will be in the FPO […]
FMCG firm Dabur India Ltd’s consolidated net profit rose 19.62 per cent to ₹482.86 crore in the second quarter ended September 30 thanks to the company’s sustained efforts in driving demand for its ayurvedic healthcare, hygiene and nutrition products. The firm’s consolidated revenue from operations for the same quarter stood at ₹2,516 crore, up over 13.6% year-on-year. […]