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FMCG firms slash prices to pass on GST benefits to customers

FMCG companies, including ITC, Dabur, HUL and Marico, said they have cut prices of various products to pass on the benefits of GST rate reduction to end-consumers. The companies said they will extend the price reduction to other categories, which...

Indian cosmetics industry to touch US $35 billion by 2035: Survey

India's cosmetics and grooming industry market size is expected to rise manifold to US $35 billion by 2035, with consumption of cosmetics among teenagers increasing rapidly, says a survey. The joint study by Assocham and research agency MRSS India pegged...

FMCG firms expect full recovery from the pangs of implementation of GST

As the GST completes 100 days, major FMCG firms, including Dabur and Godrej Consumer, expect full recovery from the pangs of implementation of the new tax regime by the end of the third quarter with clear signs of demand...

Patanjali's Balkrishna, D-Mart's Damani in Hurun India Rich List 2017

Acharya Balkrishna, the head of yoga expert Baba Ramdev-run FMCG company Patanjali and Radhakishan Damani of D-Mart have found their place along with Mukesh Ambani's in the Hurun India Rich List 2017. A massive rally in the stock market and...

Dabur India and Amazon to launch an online Ayurveda marketplace

Homegrown FMCG major Dabur India on Friday said it has tied up with e-commerce major Amazon for an online ayurveda marketplace which will house all ayurvedic brands and products available in the country. The company, which will also offer consumers...

Baba Ramdev to launch 'swadeshi' clothing brand; eyes Rs 5,000 cr from apparel sector

Yoga Guru Baba Ramdev is coming to beckon you with his company's stylish 'Swadeshi' apparel. According to a ANI report: After successfully establishing its footprint in the food, healthcare, toiletries and cosmetics divisions; Baba Ramdev's Patanjali Ayurved Ltd. is all...

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...

Dual MRP tags to enable consumers understand GST's impact: FMCG cos

Dual MRP tags -- indicating pre and post GST rates -- on unsold consumer products will help companies clear inventories and bring transparency to the market, FMCG firms said. According to a PTI report: Besides, the tags would enable end-consumers...

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...

Big firms like ITC, HUL, Cargill to begin fortifying wheat flour

Food regulator FSSAI said major wheat-flour brands like ITC, HUL, Cargill and Patanjali would begin to fortify wheat flour with iron, folic acid and vitamin B-12. According to a PTI report: Fortification means deliberately increasing the content of essential micronutrients...
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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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