ITC's quarterly net profit rises 22.4 percent Mumbai, Jan 20: FMCG major ITC today reported a 22.4 percent rise in net profit at Rs.1,701 crore for the quarter ended Dec 31, beating analyst forecasts.
The company also witnessed a....
Britannia's net profit rises 27.3 percent Mumbai, Aug 6 : FMCG major Britannia Industries today reported an increase of 27.3 percent in net profit at Rs.41.8 crore for the quarter ended June 30 as against Rs.32.8 crore during the lik....
Spencer's eyeing profit of Rs.20 per sq ft Kolkata, Feb 10: Retail arm of the RPG Group, Spencer's Retail, today said it was looking at profits of Rs.20 per sq ft from its outlets across India by the end of this fiscal.
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Hindustan Unilever's third quarter net profit down 1.8 percent Mumbai, Jan 25: Fast moving consumer goods (FMCG) conglomerate Hindustan Unilever Limited (HUL) today reported a marginal decline of 1.8 percent in its net profit for the third quarter of the c....
CG Foods to invest Rs.100 crore in India, eyes acquisitions New Delhi, Jan 11: CG Foods, a unit of Singapore-based Cinnovation Group, said today it will invest Rs.100 crore in India during the next three years to expand its manufacturing capacity in the....
Pepsi launches new sugar-free soft drink New Delhi, Aug 2: Soft drinks manufacturer Pepsi today launched Pepsi Max, a new sugar-free cola targeted at the 25-35 year age group.
The food and beverage giant's intention in i....
Jubilant FoodWorks plans to enter SriLanka, Bangladesh
New Delhi, July 30: Jubilant FoodWorks, which operates Pizza delivery major Domino's in India, today reported a net profit of Rs.15.3 for the quarter ended on June 30, and said it is planni....
Amway eyeing annual sales of Rs.2,500 crore by 2012 Kolkata, June 22: The country's leading direct selling fast moving consumer goods (FMCG) company, Amway India Enterprises Limited, is targetting annual sales of Rs.2,500 crore by 2012, a to....
India can create a niche in food processing sector: Sahai Ahmedabad, June 18: Food Processing Industries Minister Subodh Kant Sahai today said India can take to large scale development of the food processing industries to create a niche for itself in ....
Spain's Borges looks at olive plantations in India News Delhi, June 17: Spanish food major Borges today said it is aiming to set up olive plantations in India, following the setting up of its 100 percent subsidiary here and the launch of its ra....
Canadians offer cheaper substitutes for costly Indian lentils Chennai, June 7: With prices of pulses skyrocketing in India, Canada's Saskatchewan province is offering a much cheaper version of the humble 'dal', which also promises not to compr....
Emami Q4 net profit up by 44 percent
Kolkata, May 28: Consumer goods major Emami posted a 44 percent rise in net profit at Rs.39 crore for the quarter ended on March 31, 2010, over the corresponding period last year.
The....
Hindustan Unilever Q4 net jumps 47.14 percent
New Delhi, May 25: Fast moving consumer goods major Hindustan Unilever today said its net profit rose 47.14 percent to Rs.581.2 crore in the January-March quarter as compared to Rs.394.99 crore....
Emami plans big foray into Africa in cash crops, power Kolkata, May 11: Indian personal care and ayurvedic medicines major, the $165- million Emami group, is making a big foray into Africa not just in their traditional lines of businesses but also ....
Fritolay plans to increase contract farming area Kolkata, May 6: FritoLay India, the snacks food division of Pepsico, is planning to increase by about 70 percent its contract farming area in the next five years to reduce dependence on other s....
Tata Global Beverages: The new name proposed for Tata Tea Mumbai, May 6: Tata Global Beverages Ltd. This is the new name chosen for the tea company of India's largest corporate house after having made many big-ticket acquisitions and expanded its ....
Coca-Cola to take energy drink 'Burn' to top cities
New Delhi, May 5: Beverages maker Coca-Cola India today said it plans to take its premium niche energy drink 'Burn' to other top cities of the country beyond Mumbai, Delhi and Bangalore....
United Breweries to make wine out of litchis in Bihar Patna, April 30: Vijay Mallya-promoted United Breweries (UB) is planning to set up a litchi processing plant at Patahi in Bihar's Muzaffarpur district to make wine, an official said today.
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India remains a good market for Coca Cola New Delhi, April 21: India has become a key market for Coca Cola, one of the leading beverage establishments around the globe. India has assumed all the more significance following its below av....
HLL Life Care ends fiscal 2009-10 with record turnover
Thiruvananthapuram, April 21 Leading condom manufacturer HLL Life Care closed the last fiscal (2009-10) with a record turnover of Rs.445 crore, the mini ratna company's Managing Director M.....
Amway targets Rs.20 billion business in India by 2012
Agartala, April 20: Consumer and home products direct marketing company Amway India hopes to do business worth Rs.20 billion in the country by 2012, adding more products to its portfolio, a com....
Goodricke tea output to rise to 21 mn kgs in 2010 Kolkata, April 13: Tea plantation company Goodricke expects its tea production to grow at 7 percent to 21 million kilograms in 2010 (January-December) from its 2009 level of 19.5 million kgs, a....
Himalya expects Rs.120 cr revenue from canned soup biz
New Delhi, April 13: Food processing firm Himalya International expects to generate Rs.120 crore revenue by 2014 from its canned soup business, which the company plans to launch in India and ov....
Nestle partners five varsities to better girl health New Delhi: Chocolate and readymade food manufacturer Nestle India today joined hands with five Indian universities and launched a programme to increase "nutrition awareness" among adole....
India's first mobile health juice bar eyes expansion Kolkata: How about buying yourself fresh orange juice from a roadside juice shop? This may not sound an inch exciting for you, but hold on you may find this interesting. India received its firs....
India to become member of elite wine club Verona (Italy): India, one of the growing wine markets, will soon become the first Asian country to join the Paris-based International Organisation of Vine and Wine (OIV).
Federico Ca....
Unilever looking to expand its business in India Mumbai: The CEO of Unilever, Paul Polman, is presently in India for a three day visit. He is reportedly eager to double his company’s operations in India. He would be looking to achieve this ta....
Label drinking units on alcohol bottles: Liquor company New Delhi: Liquor bottles should have a label on the exact alcohol content so that the person who drinks it is aware of the amount he consumes, a London based liquor company said today.
Quality spells success in India too: Amway Washington: Quality of products, an opportunity to start a small business at a relatively low investment and low risk are key factors behind Amway India's success story, says the man respon....
India is a fast-growing market for consumer goods: Amway Washington: A rapidly expanding middle class with high aspirations and a growing appetite for quality goods make India an attractive investment destination for consumer goods companies, says Am....
'Coke caused loss of Rs.216.26 crore in Kerala'
Thiruvananthapuram: Soft drink giant Coca Cola has caused socio-economic damage amounting to Rs.216.26 crore in Plachimada village of Kerala's Palakkad district, said a report submitted to ....
Jay Shree Tea to acquire M.P. Chini Industries Kolkata: City-based Jay Shree Tea and Industries, a B.K. Birla group company, today said it will acquire an unlisted sugar firm M.P. Chini Industries for Rs.112.50 crore by the next month.
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Emami launches edible oil brand
Kolkata: City-based Rs.2,500-crore Emami Group has forayed into the food and beverage business with the launch of its edible oil brand "Healthy and Tasty" and plans to clock Rs.300 cror....
Coca-Cola sets up first analytical lab in country
Pune: Soft beverages giant Coca-Cola today inaugurated its first analytical laboratory in India which would drive innovation in products and ensure that the company's products meet all safe....
UB expects beer sales to grow by 20 percent Kolkata: The Vijay Mallya-led United Breweries (UB) is expecting its beer sales to grow by 20 percent next fiscal, a senior company official said here today.
"We have a target to ....
Pollo Campero India to launch 50 stores by 2012 Gurgaon: The Indian arm of Latin American chicken restaurant chain Pollo Campero is planning to open 50 new outlets across the country in the next three years.
"We are planning to....
India, China sales boost Coca-Cola profits New York: India and China accounted for much of the three percent growth in the worldwide sales for Coca-Cola in 2009.
Releasing its annual and fourth-quarter results on Tuesday, the ....
Emami ropes in Dhoni, Preity Zinta as brand ambassadors Kolkata: The Emami group has roped in Indian cricket skipper Mahendra Singh Dhoni and actress Preity Zinta as brand ambassadors for a yet to be launched edible oil brand, the company said in a ....
Emami net profit up 93.9 percent in Q3 Kolkata: Fast moving consumer goods (FMCG) major Emami's net profit grew by a whooping 93.9 percent to Rs.78 crore for the quarter ended on Dec 31 against Rs.40 crore in the corresponding p....
Liquor wholesaler KSBC proposes hospital Thiruvananthapuram: After making its mark in selling beer and Indian-made foreign liquor (IMFL) on wholesale rates in the state, the Kerala State Beverages Corporation (KSBC), which is all set ....
Australian beer Victoria Bitter flows into India New Delhi: Global spirits major Fosters today launched its iconic Australian beer brand Victoria Bitter (VB) in India.
The beer will be available in 375 ml bottles and cans, and is ta....
Indian-owned beer gets too frothy for Canadians Toronto: An Indian Canadian-owned beer is getting a little too frothy for Canadian regulators and the competition.
They are taking exception to Boxer Beer, produced by Minhas Creek Br....
Coca-Cola launches lemon fruit drink Chennai: Soft drinks major Hindustan Coca Cola Beverages (Coca-Cola India) may substitute the imported lemon juice for its newly-launched Minute Maid Nimbu Fresh lemon drink with a local variet....
Emami plans for Rs.5,000 crore turnover in five years
Kolkata: Kolkata-based fast moving consumer goods (FMCG) major Emami Ltd expects to touch Rs.5,000 crore (Rs.50 billion) turnover in the next five years, riding on portfolio expansion, a top co....
Nestle to invest Rs.250 crore in Himachal Pradesh Shimla: Food products major Nestle India has got the approval to set up a Rs.250-crore food and beverages manufacturing facility in Himachal Pradesh.
"Nestle's proposal to set....
Toy-shaped syringes for children soon in Indian market Mumbai: Gone are those days when children used to attribute injections as the cause of their misery and permanent reason of fear. The dreadful affair that a child experience while getting injec....
Emami eyes Rs.500 cr sales this winter Kolkata: The Rs.2,500-crore diversified business group Emami is looking at winter care product sales of Rs.500 crore this year, and will spend Rs.40 crore on advertising and promotion for this ....
Wipro buys part of Yardley retail business for $45 mn Bangalore: Wipro Consumer Care and Lighting, the FMCG arm of the IT bellwether, today announced the acquisition of Yardley personal care business in Asia, Middle East, Australasia and some Af....
ITC net profit up 25.81 percent Mumbai: Tobacco, hospitality and paper products giant ITC posted a 25.81 percent increase in net profits at Rs.1,009.91 crore for the quarter ended Sep 30, compared to Rs.802.72 crore in the....
Government to promote food processing in rural areas Chennai: The government will set up two business incubation centres in Tamil Nadu and Haryana to promote the processed food industry among rural entrepreneurs, a official here said today.
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Hindustan Unilever net profit dips 2.68 percent Mumbai: Net profits of fast moving consumer goods (FMCG) giant Hindustan Unilever dipped 2.68 percent to Rs.5,431.9 crore in the first quarter this fiscal from Rs.5,581.8 crore in the same peri....
Himalaya to launch food products in north India New Delhi: Himachal Pradesh-based farm produce exports major Himalaya International is entering the markets in north India, including the national capital, with a wide range of products includi....
Food processing sector may get tax holiday New Delhi: The food processing industry has the potential to become the engine growth of the economy and it may get a 10-year tax holiday to attract more investments, Minister for Food Processi....
Emami to demerge realty, Zandu Pharma unit Mumbai: The boards of Emami and Zandu Pharma have approved hiving off Emami's realty business into a separate firm, and merging Zandu's consumer goods (FMCG) unit with Emami, the compan....
Pizza Hut, KFC, Costa Coffee franchisees get Delhi airport nod New Delhi: Three companies that run popular food and beverage outlets like Copper Chimney, Costa Coffee and Pizza Hut have been awarded contracts to set up shop at the upcoming Terminal 3 at th....
PepsiCo to invest Rs.500 crore on new cracker New Delhi: Frito-Lay, the food division of beverage major PepsiCo India, plans to spend about Rs.500 crore over the next three years to push Aliva, a new baked savoury cracker that it launched ....
McLeod Russel posts net loss of Rs.88.61 crore Kolkata: Tea plantation company McLeod Russel today said its net loss has come down to Rs.88.61 crore for the fourth quarter of 2008-09.
The company had posted a loss of Rs.97.34 cror....
Food processing sector's growth to touch 20% in 100 days New Delhi: The growth rate of India's food processing sector will be brought up to a minimum of 20 percent from the current 14 percent within 100 days of the new United Progressive Alliance....
Bharti, Del Monte launch food products range New Delhi: Bharti group, promoted by the Delhi-based Mittal family, has ventured into food and beverage products in partnership with the Singapore-based Del Monte Pacific at an initial investme....
Amway scales down growth target for 2009 Chennai: Direct selling fast moving consumer goods (FMCG) company Amway India has scaled down its business growth projections 25 percent in 2009, as against the 40 percent growth it registere....
Edrington Group to launch more whisky brands in India New Delhi: Unperturbed by the economic slowdown, the Edrington Group, maker Famous Grouse whisky, is planning to launch more brands in India and step up promotional campaigns, a senior offici....
Emami eyeing Henkel's soaps brands Kolkata: The city-based Rs.20-billion fast moving consumer goods (FMCG) company Emami is eyeing Henkel India's toilet soap brands like Aramusk and Moloy, a top company official said here on....
Bata ignores slowdown, to add 40 stores by March-end New Delhi: Even as the retail trade industry in India faces one of its worst crises in recent years, Bata India, one of the country's largest footwear chains, plans to open 40 new stores acro....
