From ITC to Dabur, plastic waste control top priority for FMCG firms
Posted on 13th June 2018 |
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If demonetisation and goods and services tax (GST) gave sleepless nights to consumer goods makers till early-2018, for the past few months it has been plastic packaging materials that are ringing alarm bells for these firms. The issue of pollution caused due to the non-degradable material is keeping consumer goods majors — from ITC and Dabur to Nestlé and PepsiCo — on their toes. |
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ITC’s top eight FMCG brands cross the $2-billion milestone
Posted on 7th June 2018 |
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KOLKATA: The cumulative sales of eight of cigarette-to-soap maker giant ITC’s FMCG brands crossed the $2-billion (Rs 13,000 crore) milestone in the fiscal ending March 2018, with three packaged food brands Sunfeast biscuits, Bingo chips and snacks and Aashirvaad atta driving the surge. This propelled the annual consumer spend on ITC’s FMCG brands to more than Rs 16,000 crore in FY18 compared to Rs 14,000 crore the year before, an investor presentation from the company showed. |
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HUL briefly pips ITC as 4th most valued firm after 13 years
Posted on 18th May 2018 |
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Diversified consumer goods maker Hindustan Unilever (HUL) on Thursday briefly became the country’s fourth-largest company in terms of market capitalisation (m-cap), edging past cigarettes-to-soaps major ITC for the first time in 13 years. Since 2005, ITC’s market capitalisation had always been higher than that of HUL. |
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ITC meets Street estimates; Q4 profit up by 9.89% at Rs. 29.33 billion
Posted on 17th May 2018 |
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In line with Street estimates, diversified conglomerate ITC Ltd posted a 9.89 per cent rise in its net profit at Rs. 29.33 billion for the quarter ended March 31, 2018, with a total revenue, inclusive of other income, at Rs. 113.30 billion. The net profit during the corresponding quarter of the 2016-17 fiscal year stood at Rs. 26.69 billion, backed by a revenue of Rs. 154.11 billion. |
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ITC likely to post profit up by 6.3% in Q4 results
Posted on 16th May 2018 |
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NEW DELHI: The Kolkata-based company ITC Ltd is hopefully looking to register year-on-year (YoY) increase of 6.36 percent in its annual net profit to Rs 2,839 crore, as reported by a poll of analysts at Reuters. The expansion in bottomline could be a result of growth in ITC’s non-cigarette businesses on the back of preferred base and better realisations from cigarettes. |
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Bingo Tedhe Medhe and Mad Angles help ITC pip PepsiCo' Kurkure to become market leader
Posted on 2nd May 2018 |
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MUMBAI: A certain subset of the Rs 23,000-crore salty snacks market has come into the spotlight with leading packaged foods companies — PepsiCo India and ITC in a neck-and-neck race for the market leadership position. The Rs 3,400-crore subset in question is ‘bridges’, where ITC’s Bingo Tedhe Medhe and Bingo Mad Angles compete with PepsiCo’s Kurkure. |
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ITC tweaks BNatural juice ad campaign following PepsiCo India suit
Posted on 10th April 2018 |
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Consumer goods major ITC on Monday presented a revised ad campaign for its BNatural juice brand in the Delhi High Court following a suit filed by rival PepsiCo India last week. An ITC spokesperson, however, said that the changes were an “interim arrangement” and that the company would file detailed objections to PepsiCo's suit and petition later. |
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ITC to file third FIR against videos on plastic in Aashirvaad Atta
Posted on 16th March 2018 |
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FMCG major ITC today said it would file an FIR in the national capital, the third in the country, against circulation of videos which claimed presence of plastic in its Aashirvaad Atta. The company has already filed FIRs in Kolkata and Hyderabad. |
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Govt's decision to give more MSP to farmers may impact consumers: ITC
Posted on 8th March 2018 |
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Consumers might have to bear a portion of Centre's proposed move to guarantee a Minimum Support Price (MSP), which would be 50 per cent more than the cost through higher prices in the fast moving consumer goods (FMCG) space, S Sivakumar, group head, Agri-business and IT of one of India's largest agribusiness player, ITC Ltd said. He said while companies might absorb a part of the additional cost, once revised MSPs are in effect, they would also have to pass on some of the extra burden to the consumers. |
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