FMCG industry may return to double-digit growth rate next year: Nielsen study
Report said that the fast-moving consumer goods industry in India is set to return to double-digit growth rate next year, according to leading market tracker Nielsen. Nielsen expects the FMCG market to grow 7% in 2014, 10% in 2015 and about 12% in 2016, says report. "While India's GDP might not revive drastically and could stay below 6%, we still don't see it weighing down the overall FCMG growth" said Ranjeet Laungani, vice president reportedly said.
Amalgamation of EP Lamitubes helps us improve profits: Ashok Goel
In an interview with CNBC TV18, Ashok Goel, VC & MD, Essel Propack, talked about the amalgamation and its impact on the financials of the company. He said, "This helps in two ways, one is that it is a 100 percent subsidiary which held some overseas investment for us so by merger it will reduce some administrative cost and hassles. Besides that what we will do is that we are recording the assets at book value. So the differential of the asset value and the book value to the extent of Rs 275 crore will be adjusted against share premium account. Therefore to that extent, India’s standalone networth gets reduced. What it means is that it will probably help improve our profit quality that means ROC and ROE"...... Read More
Integration plan of Diageo India with USL in the best interest of the shareholders: Anand Kripalu
United Spirits is an Indian FMCG company and the world's second-largest spirits company by volume. The company has twenty-one brands in its portfolio that sell more than a million cases each year, of which five brands each sell more than 10 million cases annually. Earlier this year, Diageo bought 26% of United Spirits shares from public shareholders for Rs. 11,420 crore, raising its stake in liquor company to 54.78%.
In an interview with Business Standard, Anand Kripalu, who has been appointed by Diageo as Managing Director and Chief Executive Officer a year before, said that Diageo is pushing the company to put in place strategies to work towards that...... Read More
Costa Coffee rings in Christmas and New Year with ‘Festive Delights’
Costa Coffee is all set to celebrate the festive season across outlets in the city with the introduction of exciting new desserts for the festive period leading up to Christmas and New Year. Costa Festive Delights’includes luxuriant desserts which will add flair and flavor to the celebrations this festive season.
Costa’s festive dessert range includes the brand new Cherry Almond Muffin - a nutty and indulgent muffin, made with imported dark cherries enhanced with the crunch of wholesome almonds and all new Salted Caramel Chocolate Log- rich and moist salted caramel enclosed in a cake, topped with dark chocolate truffle and caramel chocolate candy...Read More
Gits Launches India’s First 'No Onion, No Garlic' Ready Meals
Gits Food Products Pvt Ltd, the pioneers in convenience packaged food today announced the launch of its innovative offering,‘No Onion No Garlic Ready Meals’. With this launch, Gits becomes the first company in India to tap this niche segment. The new variant will initially be introduced in 4 variants- Pav Bhaji, Dal Makhani, Veg Biryani and Paneer Tikka Masala and will be priced between Rs. 65 to Rs. 89.
Commenting on the launch, R.H.Gilani- Joint MD Gits Food Products Pvt Ltd. said “Since its inception, Gits has been a respected brand and enjoys incredible loyalty amongst consumers...... Read More
Philips Air Purifier partners with the most anticipated movie of Bollywood ‘PK
Philips India, the leading health and wellbeing brand, has entered into a marketing association with the movie ‘PK’ starring Aamir Khan and Anushka Sharma, directed by Rajkumar Hirani, to promote the company’s innovative range of Air Purifiers. This Air purifier range has a unique technology that improves the quality of air indoors and provides healthier air. ADA Ratnam, President- Consumer Lifestyle, Philips India Ltd, asserts “Clean and Healthy Air should be everyone’s right. We at Philips have always aimed at serving our patrons in the best possible way and have strived each time to offer solutions that meet the real needs of people...Read More
Pernod Ricard’s mega offer at Mumbai Duty Free
Pernod Ricard India, a leading Wine & Spirits company has announced an unprecedented attractive offer for the brand’s connoisseurs transiting through the Mumbai International Terminal ‘T2’ at the Chhatrapati Shivaji International Airport, a chance to win a luxury BMW 320D Sport Line. This exclusive offer is a step to get consumers closer to the wide range of luxury whisky brands under company’s portfolio.
Consumers who spend a minimum of USD 80 on Pernod Ricard’s portfolio of whisky brands including Chivas Regal, Royal Salute, Aberlour, The Glenlivet or Ballantine’s will be eligible for filling in a Lucky Draw Coupon through which a winner stands to win a BMW 320D Sport Line...Read More