Gaurav Haran's firm has launched its Nutrinos brand of yoghurt in three flavours, and will soon be coming out with cheese-based snacks and flavoured milk as well
The current rally has an implied assumption that interest rates will remain permanently negative and inflation 'pick up, but this is quite unlikely
Sunil D'Souza tells Pavan Lall that the company, with market cap of Rs 51,000 crore, will use a bolt-on engine to reach 'deep rural' markets and sell its products on Tata Group's new 'Super App'
Project expected to create jobs for 1,500 people; company seeks tax sops from govt
Covid-19 has deeply impacted corporate earnings
Down-trading and Covid impact on rural demand are downside risks
Company plans Rs 200 cr investment to strengthen in-house offerings
Specialty chemicals firm Vikas Multicorp said it will enter the food protection and personal hygiene segment of the FMCG industry with an investment of approximately Rs 100 crore in two years
Street bets on strong demand for branded staple products, aggressive distribution expansion and new CEO's focus on underpenetrated categories
Normalcy in operations, push into rural areas aid growth
Personal care segment witnessed a double-digit growth of 11.1%, while household care, which consists of products like detergents and surface cleaners, logged 4.6% growth
New record set in a year marked by slowdown; the firm had launched 50 products last year
The company posted a net profit of Rs 190.09 crore in April-June a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.
Dabur said during the quarter the company introduced a record number of new products and variants anchored on the consumer need for health, immunity and hygiene
Though the FMCG industry has shown some sign of improvements in June, but in the first half of the year the industry growth slipped to negative with 6% decline
Nestle India's domestic sales rose 2.55 per cent to Rs 2,907.74 crore in April-June quarter as against Rs 2,835.37 crore a year ago
Some CEOs circumspect, others confident recovery will last
Value packs, local roots, budget labels mark the new shopping trail as consumers emerge from a series of lockdowns
Money managers increased their wager on Kotak Mahindra Bank, Bharti Airtel, SBI Life Insurance, HDFC Life, and HDFC AMC, which also saw large share sales
The stock of the fast-moving consumer goods (FMCG) giant has gained nearly 5 per cent in the past two trading days.