ITC
Food
FMCG stocks on a roll as household binge during lockdown drives valuations
IANS -
Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations.
The FMCG Index grew 32 percent from...
Food
ITC acquires Sunrise Foods for Rs 2,150 crore
Diversified business entity ITC Ltd on Monday announced acquisition of spices manufacturer Sunrise Foods Private Ltd (SFPL) in an all-cash deal valued at Rs 2,150 crore.
According to the company, it has acquired shares of SFPL at an "upfront consideration...
Food
ITC’s profit after tax falls 25 pc to Rs 2,567.07 crore in Q1
Diversified group ITC Ltd on Friday reported a 25 percent decline in consolidated profit after tax at Rs 2,567.07 crore for the first quarter ended June 30 amid challenges of the coronavirus pandemic. The company had posted a consolidated...
Food
Intermittent lockdowns in several states disrupt FMCG firms' momentum, July output
FMCG companies, which saw sales recovering to pre-COVID-19 levels in June, are uncertain if the same momentum could be maintained in July due to intermittent and localised lockdowns in several parts of the country which have impacted manufacturing and...
Food
ITC, Godrej, Dabur, Emami report robust sales in rural areas
Leading FMCG players such as ITC, Godrej, Dabur, Emami and Marico are witnessing robust sales in rural and semi-urban markets, bolstering hopes of a speedy recovery from the impact of the COVID-19 crisis.
According to a PTI report: Interestingly, the...
Food
Ruchi Soya appoints Sanjeev Asthana as CEO
Ruchi Soya Industries, which is owned by Baba Ramdev-led Patanjali Ayurved, has appointed Sanjeev Asthana as its CEO.
According to a PTI report: Sanjeev Asthana has joined as Chief Executive Officer of the company with effect from July 6, 2020,...
Food
ITC logs 9.3 pc rise in Q4 consolidated net profit
IANS -
FMCG-to-hospitality major ITC on Friday reported a 9.28 percent growth in its consolidated net profit for the January-March quarter at Rs 3,926.46 crore.
During the same quarter of the previous fiscal, FY 2018-19, the company had reported a net profit...
Food
ITC, Emami identify emerging consumer trends amid 'new normal'
Diversified conglomerate ITC Ltd has identified emerging trends in the FMCG space arising out of the "new normal", a senior company official said.
"The new normal as we see has a few long-lasting trends like greater need for healthy and...
Food
ITC’s B Natural and Amway India collaborate to launch immunity offering in fruit beverages
In a unique partnership, ITC’s B Natural and Amway India have collaborated to launch the first of its kind B Natural+ range for the Indian consumer. B Natural Juices & beverages, which believes in providing fruit nourishment to its...
Food
ITC to acquire spice manufacturer Sunrise Foods Pvt Ltd
IANS -
ITC Ltd has entered into a share purchase agreement (SPA) to acquire 100 per cent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices.
In a regulatory filing, ITC...
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The Luxottica report card for 2022
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