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FMCG firms limit operations only to essential items

FMCG companies such as ITC, Nestle and Dabur on Tuesday said they are producing only the essential items at their manufacturing units amid the lockdown to prevent spread of coronavirus. According to a PTI report: The fast-moving consumer goods (FMCG)...

ITC Q3 net profit up 29 pc at Rs 4,047.87 crore

FMCG major ITC on Friday reported a 29.03 percent increase in consolidated net profit at Rs 4,047.87 crore for the third quarter ended December 2019. The company had posted a net profit of Rs 3,136.95 crore in October-December quarter...

ITC bets big on frozen food segment, targets 20 pc market share in 3 years

Diversified conglomerate ITC is looking to garner up to 20 percent of the Rs 7,400 crore frozen food market in India in next three years with the firm expanding its offering in the category, a senior company official said...

ITC’s Q2 standalone net profit up 36 pc

FMCG-to-hospitality major ITC on Thursday reported a 36.10 percent year-on-year (YoY) rise in its standalone net profit for the quarter ended September at Rs 4,023.10 crore. The company had reported its standalone net profit in the July-September period of financial...

ITC launches world’s most expensive chocolate priced at Rs 4.3 lakh/kg

Diversified group ITC on Tuesday launched the world's most expensive chocolate priced at Rs 4.3 lakh per kilogram under its Fabelle brand. ITC's luxury chocolate brand Fabelle Exquisite Chocolates has introduced its limited edition range chocolate 'Trinity - Truffles Extraordinaire'...

ITC to invest Rs 700 cr in food park in Madhya Pradesh

Consumer goods major ITC chairman Sanjiv Puri on Friday said the company is planning to set up a food processing facility in Madhya Pradesh at an investment of Rs 700 crore. According to a PTI report: The company also said...

Factors fueling retail growth in India

Many factors are responsible for the growth of retailing in India. Currently, the consumer profiles are upgrading by themselves as they are increasingly exposed to newer means and varieties of consumption. Increase in consumption is one of the key...

Formal Shirts Market Analysis: Current trends and future mapping

Despite the fact that the segment has seen a setback with the advent of the casual wear industry, lately formal wear is back in fashion with brands having modernized their offerings that include new colours, fits and innovative fabrics....

ITC eyeing strategic acquisitions in FMCG business

Diversified conglomerate ITC Ltd is engaging with and investing in start-ups while looking at strategic opportunities for acquisitions to accelerate growth in the FMCG business, its Chairman-cum-Managing Director (CMD) Sanjiv Puri said on Friday. "Today, around 25 percent of ITC's...

ITC appoints Sanjiv Puri as Chairman and Managing Director

Diversified ITC Group Monday announced elevation of its MD Sanjiv Puri as the Chairman and Managing Director of the company. Puri's elevation comes after noted industry leader and erstwhile ITC Chairman Y C Deveshwar passed away Saturday morning after a...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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