Marico Limited plans to double its foods portfolio in FY27 and expect its domestic revenue share from food and personal care to increase from 20% to 25%. The company's foods division recorded a 24% value growth YoY, closing the year at four times its scale in FY20. The company is also aiming for consistent improvements in profitability as its Foods and Digital-First sections grow.
Quick commerce, or super-fast deliveries, is becoming increasingly popular among millennials and Gen Z, with companies delivering various items to doorsteps in no time. Quick commerce makes up about 5-6 per cent of a household's grocery spending, with platforms like Blinkit valued at around $13 billion. It is mostly popular in big cities but is also gaining traction in places like Vizag, Nagpur, Kochi, Jaipur, and Lucknow.
Dabur India assured that all its spices meet the regulations set by the FSSAI for the Indian market and by the Spice Board of India for overseas markets. CEO Mohit Malhotra stated that export consignments undergo testing by the Spice Board before shipment, ensuring compliance with regulations. The company uses steam sterilization for export consignments and has established an in-house micro lab for microbial testing.
FMCG giant Dabur has revealed that it has been investing in expanding its rural footprint which has driven the demand for its brands better by nearly 400 bps than in urban areas, the company said in a media release on Thursday.
Godrej Group Split: The Godrej family, known for their diverse range of businesses, is splitting their business in an exceptionally amicable manner, showcasing trust among themselves. From innovative locks to vegetable oil soaps, the brand has a rich heritage rooted in innovation and trust. Their journey from locks to satellites mirrors India's progress.
Food Standards Australia New Zealand (FSANZ) is investigating contamination allegations involving spice mixes from Indian companies MDH and Everest. Hong Kong and Singapore have already taken action due to high levels of ethylene oxide found in the products. Australian authorities are coordinating with international agencies to determine if a recall is necessary.
During the period under review, sherwanis have emerged as a standout category, making up more than a quarter of all sales, the report (by Rupali Mukherjee) said quoting Ashish Mukul, brand head at Tasva.
The company said that Dhawan has made an undisclosed investment in Svish.
Nestle, the world's largest packaged food company, faces significant challenges in commodity prices, particularly in coffee and cocoa, which are at all-time highs with an ongoing price rally. Additionally, milk prices are expected to rise due to harsh summer conditions, while cereals and grains are experiencing structural cost increases supported by minimum support prices (MSP).
Ritesh Tiwari, the Chief Financial Officer of Hindustan Unilever, announced the change during the earnings press conference on April 24. Tiwari emphasized that the shift to the FND label provides a more accurate and transparent description of the category. He highlighted the under-penetration of the FND market, indicating significant growth opportunities.
Mukesh Ambani, the chairman and managing director of Reliance, has a penchant for creating humongous businesses with an amazing sweep across the country. While Reliance looks to shape-shift into a decarbonised business empire with a mega green energy and renewables plan, it has already started making waves in its new consumer products business which is being led by his daughter Isha Ambani.
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
