Mumbai: Benchmark BSE Sensex breached the historic 80,000 level intraday for the first time, while Nifty raced more than 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. The 30-share Sensex hit the historic 80,000 mark for the first time … Read more
Q1 results preview: The fast-moving consumer goods (FMCG) companies are witnessing a gradual recovery in demand after a weak base. These players are expected to see a stable-to-improving growth trajectory in the first quarter of FY25. Within consumer discretionary companies, the cigarettes, alcobev and jewelry segments are expected to see resilience while demand challenges may … Read more
New Delhi: Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the “acquisition … Read more
Baba Ramdev-led Patanjali Ayurved has announced the sale of its home and personal care business to Patanjali Foods Ltd for Rs 1,100 crore. This strategic acquisition is designed to transform Patanjali Foods, predominantly known for its edible oil, into a formidable FMCG company. According to regulations filed by Patanjali Foods, the board has sanctioned the … Read more
Patanjali Foods Ltd on Monday said it would acquire the home and personal care business of its group company, Patanjali Ayurved, for ₹1,100 crore. The acquisition will help Patanjali Foods to become an FMCG company. In a statement, Patanjali Foods said its board of directors has approved the “acquisition of the entire non-food business undertaking … Read more
New Delhi: Major sectors such as pharma/biotech (6 per cent), AI-ML (20 per cent) and fast-moving consumer goods (FMCG) (12 per cent) showed positive growth in hiring activity in the month of June, a new report showed on Monday. According to the Naukri JobSpeak Index, hiring in the pharma/biotech sector showed resilience, with notable growth … Read more
Mumbai: The Indian economy is expected to sustain its “high growth” trajectory in the current fiscal, driven by strong momentum in infrastructure investments and a pickup in private consumption, ITC Ltd said. Growth will come on the back of a moderation in inflation, improvement in agricultural trade, a good rabi harvest and a normal monsoon, … Read more
Advertising executives and FMCG industry watchers expect a greater step-up in ad-spends in the second half of this fiscal year. Ad spends may likely come back by then, as companies try to chase greater volume growth. To be sure, packaged goods companies spend significantly on advertising their goods. However, the last two-to-three years were marked … Read more
Mumbai: India’s beauty market will continue to report growth—both online and offline—helped by demand for personal-care products such as skin cream, lipsticks, and perfumes, according to Aseem Kaushik, managing director, L’Oréal India. Kaushik has spent close to three decades at the French firm, and took charge of its India business last year. L’Oréal, the world’s … Read more
India’s largest fast-moving consumer goods company on Friday said it expects volume growth of mid-to-high single digit in financial year 2024-25. HUL reported underlying volume growth of 2% for FY24, with sales growing 3%. HUL’s performance is viewed as a proxy for the broader Indian consumer goods sector. The industry has been reeling with tepid … Read more