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ITC to further raise investment in integrated food park at Kapurthala to Rs 1,700 cr

FMCG giant ITC has decided to further increase its investment in the integrated food park at Kapurthala to Rs 1,700 crore, the Punjab government said. An ITC delegation led by CEO Sanjiv Puri called on Punjab Chief Minister Amarinder Singh...

ITC forays into fruits, vegetables and perishable segment

Diversified conglomerate ITC Ltd has forayed into fruits, vegetables and other perishables segment, the company Chairman, YC Deveshwar, said at the 106th Annual General Meeting. According to him, the company has recently forayed into the frozen prawn segment. While the...

ITC Ltd net profit up by 7.4 pc in Q1

FMCG major ITC Ltd on Thursday reported a 7.4 per cent increase in its net profit at Rs 2,560.50 crore for the quarter ended June 30, 2017 as compared to Rs 2,384.67 crore in the corresponding quarter last year. Its...

Supreme Court gives Britannia, ITC chance to settle dispute out of court

The Supreme Court today gave an opportunity to Britannia Industries Limited and ITC Limited to settle their dispute regarding the alleged deceptive packaging of their digestive biscuits out of court. According to a PTI report: "The matter is adjourned sine...

GCPL slashes soap prices by 8 per cent; extends tax benefits to consumers

Home-grown FMCG firm Godrej Consumer Products Ltd (GCPL) has slashed its soap prices by 6 to 8 per cent, extending the tax benefits to its consumers, while absorbing the hike in hair colours. According to a PTI report: The company...

FMCG companies revise rate; extend tax benefits to customers

FMCG companies are revising prices of their products after the implementation of GST and are extending the tax benefits to the consumers under the new tax regime. According to a PTI report: The companies such as Patanjali, ITC, HUL and...

Jmart: Making shopping convenient for customers

Jmart Pvt. Ltd. is a chain of convenience stores in Delhi-NCR promoted by Alisha Retail Private Limited, a part of RJ Corp – the largest bottler for Pepsico – with diversified interests in beverages, food, beer, milk, ice-cream, stem-cell,...

FMCG cos expect dip in inventory levels, normalcy in Q2 in the run up to GST

FMCG firms are preparing for reduced stocks in their trade channels for a couple of months as anxious dealers cut down inventory levels in the run up to GST, the new indirect tax regime, from July 1. According to a...

ITC net profit up 12.1 per cent in Q4

Cigarette-to-hotel-to-FMCG major ITC Ltd on Friday posted a 12.13 per cent rise in its standalone net profit to Rs 2,669.47 crore for the quarter ended March 31, 2017, from Rs.2,380.68 crore in the year ago period. The diversified company's revenue...

ITC ropes in Shilpa Shetty for B Natural juice and beverages

ITC's food division has roped bollywood food actress and fitness enthusiast Shilpa Shetty Kundra as the new brand ambassador for B Natural Juices and Beverages, the company said in a statement. ITC forayed into the Rs 2,500 crore premium packaged...
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The Luxottica report card for 2022

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