Sector: FMCG
FMCG major Adani Wilmar rolls out ‘Fortune Mart’ stores
FMCG major Adani Wilmar on Monday said it has opened 12 physical stores under the brand name “Fortune Mart” across six states and plans to start outlets across the country. “Adani Wilmar is opening physical stores under the name Fortune Mart which will exclusively sell Fortune and other Adani Wilmar brand products,” the company said … Read more
2022 to be a difficult year on higher commodity prices: Nestle India chief
Nestle India chief Suresh Narayanan on Monday said that 2022 will likely be a “difficult year” as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers. The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices … Read more
How this Bengaluru-based startup is winning Jeff Bezos vs Mukesh Ambani’s fight for retail domination
The ongoing digital transformation of the corner kirana stores, tens of millions of shops catering to 1.3 billion consumers, will matter for everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the country’s largest lender. It will also be important to Amazon.com Inc. boss Jeff Bezos and Reliance Industries Ltd. … Read more
The rare side of Godrej Industries next boss Nadir Godrej
RPG Enterprises Chairman Harsh Goenka shared a video in which Nadir Godrej, MD of Godrej Industries, is seen reciting a moving poem for brother Adi Godrej marking his retirement as Godrej Industries Chairman. 79-year-old industrialist Adi Godrej will step down as chairman of Godrej Industries Ltd (GIL) after more than four decades, with effect from … Read more
Jeh Wadia exits all listed group companies
There is something cooking at the Wadia group. After stepping down as MD from the family controlled Go Airlines (rebranded as Go First) and Bombay Dyeing in March 2021, Jehangir Wadia (48, younger son of Nusli Wadia) has now stepped down from the boards of Britannia Industries and Bombay Burmah Trading Corporation (BBTC). There is … Read more
Jyothy Labs is looking interesting for medium term
Company’s portfolio comprises of fabric care, home care, personal care and dish wash. It’s brand portfolio includes Ujala, Henko, Margo, Maxo and Pril amongst others. The stock has been an under performer over the last few years primarily due to the increased competitive pressures and consequent average financial performance. Sales and profits just grew at … Read more