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11 January, 2019 8:02 AM Future Supply Chain to invest Rs 1,000 cr to create food distribution network

Future Supply Chain Solutions will invest Rs 1,000 crore to create India Food Grid, a network of 38 integrated food distribution centres, that will provide pan-India reach. The project is meant to redefine India's complex food and fast moving consumer goods (FMCG) supply chain. "India Food Grid is an ambitious project by us that connects the entire country 128

1 January, 2019 6:56 AM D-Street Buzz: FMCG index trades lower led by HUL, Britannia, Colgate; Kolte-Patil Developers up 13%

Benchmark indices continues to trade lower on Tuesday afternoon with Nifty is below 10,850 level. The Sensex is down 83.90 points or 0.23% at 35984.43, while Nifty down 24.50 points or 0.23% at 10838. HDFC Bank, Reliance Industries, HDFC, Infosys and ITC ae the negative contributors to the Sensex. Nifty PSU bank index was up 0.50 percent led by Bank of Baroda 141

24 December, 2018 10:46 AM How did e-commerce fare in 2018?

Himadri Buch does a 3 Point Analysis on how e-commerce platforms performed in 2018, which categories take the lion's share in sales and more. Growing consumer trust and confidence in online buying has helped e-commerce platforms expand their share in India's total FMCG retail sales by as much as three times. Global online grocery purchases have shot up by 15 percent 73

24 December, 2018 2:43 AM Macquarie hikes target on ITC to Rs 376; sees recovery in volumes to aid earnings

Global research firm Macquarie has raised its target on ITC to Rs 376 from Rs 367. It has given it an outperform rating too. The brokerage highlighted that the company is winning back the market share in cigarettes, leading to a recovery in volumes. Further, analyst expect earnings recovery to continue with strong volume recovery. It has increased FY18-21 earnings 91

21 December, 2018 11:55 AM Backdrop for next 3 months is quite positive for the Indian markets: Andrew Holland

FMCG, private banks are going to be the big stories, said Holland. Andrew Holland, CEO of Avendus Capital Alternate Strategies, spoke to CNBC-TV18 shared his outlook for India markets as we sail into 2019. "The expectations going into the year is that in 2019, the government will start consumption spending particularly in the rural area,"Â Holland said on December 80

1 December, 2018 1:27 PM Patanjali Ties Up With Jharkhand Government To Market Organic Products

An Memorandum of Understanding (MOU) would be signed between the Jharkhand government and the Patanjali Ayurved to this effect soon, Chief Minister Raghubar Das said Yoga guru Baba Ramdev's Patanjali Ayurved would join hands with the Jharkhand government to market organic products like honey, wheat, rice and vegebables grown in the state. An Memorandum 140

22 November, 2018 5:35 AM Patanjali sales fall for first time since 2013 on GST, supply chain issues

Patanjali's standalone consumer goods revenue dropped by over 10% to Rs 8,148 crore in the year ended March 2018 Baba Ramdev's intention to make Patanjali the biggest fast-moving consumer goods (FMCG) company in India has hit a snag as the company's sales fell year on year for the first time since 2013. The fall in the company's sales was primarily due to its own inability 177

12 November, 2018 4:10 AM Britannia to report Q2 earnings today; here’s what to watch out for

FMCG major Britannia is likely to see steady volume growth with international business seeing some impact. Brokerage houses expect increase in employee costs and other expenses to weigh on financials as well. Here’s a gist of what multiple brokerages are forecasting for the September quarter. The brokerage house expects standalone operating revenue 126

16 October, 2018 7:05 AM D-Street Buzz: PSU bank continue to gain led by BoB; pharma, FMCG stocks drag

The benchmark indices are trading higher but off day's high in the Tuesday afternoon With Sensex gained over 200 points, while Nifty trading above 10,550 mark. Among the sector barring pharma and FMCG all other sectoral indices are trading with up to 1.5 percent gain led by Nifty PSU banks. In the FMCG pack United Spirits, ITC, United Breweries, Tata Global 69

15 October, 2018 12:02 PM ITC Q2 PAT seen up 17.2% YoY to Rs. 3,093.7 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the FMCG sector. The brokerage house expects ITC to report net profit at Rs. 3,093.7 crore up 17.2% year-on-year (up 6.1% quarter-on-quarter). Net Sales are expected to increase by 9.1 percent Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 11,152.1 crore, according to ICICI 91