FMCG Sector

Britannia plans up to Rs 200 cr capex over two years

BritanniaKolkata: FMCG company Britannia Industries Limited is planning a capital expenditure between Rs 150 crore and Rs 200 crore over the next two years, its chairman Nusli Wadia said.

"We are going to finalise our plans for a capital expenditure of Rs 150 crore to Rs 200 crore over the next two years," Wadia told shareholders at the company's AGM Tuesday.

Wadia said the capital expenditure would be made on two counts - upgradation and innovation and for creating new capacities.

He also said that the company was willing to have a good market share in the SAARC countries.

GCPL Q1 net up 8% at Rs 143.45 cr

GCPLNew Delhi: FMCG major Godrej Consumer Products Ltd (GCPL) on Monday reported 8 percent increase in its consolidated net profit for the first quarter ended June 30, 2014 at Rs 143.45 crore. The company had posted a consolidated net profit of Rs 132.71 crore in the corresponding quarter of previous fiscal.

Consolidated net sales during the period under review stood at Rs 1,886.26 crore as against Rs 1,722.30 crore in the year-ago period.

The board has declared an 100 percent interim dividend of Re 1 on share of face value Re 1, the company said in a statement.

Amul wins World Dairy Innovation Award 2014

Amul wins World Dairy Innovation Award 2014Anand ( Gujarat), June 19- India's Amul has won the World Dairy Innovation Award-2014 for the best marketing campaign for its "Eat Milk with Every Meal" campaign.

The finalists and winners in the World Dairy Innovation Awards 2014 were announced on June 17 at the 8th Global Dairy Congress in Istanbul, Turkey.

K. M Jhala, Chief General Manager of Amul, received the award.

The entry of the launch of Amul Kool in PET bottle was chosen as a finalist for the best innovation in brand extension.

Marks & Spencer unveils its first Indian wine

Jewel-of-NasikNew Delhi, May 23 : British retailer Marks & Spencer has collaborated with India's wine producer Sula Vineyards for a new offering, Jewel of Nasik.

Jewel of Nasik has three variants - Sauvignon Blanc, Zinfandel Rose and Tempranillo Shiraz - available in 250 stores across Britain.

"We are thrilled to be the first Indian wine to feature in the selection of the world renowned retailer Marks and Spencer," Rajeev Samant, founder and CEO, Sula Vineyards, said in a statement.

Emma Dawson, Marks & Spencer's wine buyer, is also excited about offering customers the brand's first Indian wines.

Cadbury India now named Mondelez India Foods

Mondelez-InternationalNew Delhi, April 21 : The world's largest snacks compamy Mondelez International Monday said it has changed the name of its Indian subsidiary Cadbury India Limited to Mondelez India Foods Limited.

The change in name of Cadbury is in line with the gradual changeover of the name of all subsidiaries of Mondelez International globally.

"With the change in name of the company to Mondelez India Foods Limited, we conclude the process of transition that began over two years ago," said Manu Anand, managing director of Mondelez India.

Sale of carbonated soft drinks fell to lowest level since 1995

Sale of carbonated soft drinks fell to lowest level since 1995According to the latest figures released, the sales of carbonated soft drinks have fallen by three percent in 2013 to its lowest level since 1995.

Beverage Digest, an industry tracker, said that the sale fell 1.2 percent in 2012 and 1 percent in 2011 and fell at 3 per cent, which is faster rate than the previous two years. The data also showed that carbonated soft drink consumption fell to 675 eight-ounce servings per person in the U. S., compared to 701 such servings in 2012, which is lowest since 1986.

Starbucks all set to go boozy!

Starbucks all set to go boozy!Washington, March 23 - Starbucks will be serving alcohol to its customers soon as a part of their "evenings menu".

The company has recently announced that they have been testing their new menu, which consists of flatbreads and chicken skewers and a small variety of beer s and wines, in 20,000 plus locations, E! Online reported.

Chief Operating Officer Troy Alstead said that they have tested it "long enough in enough markets" and there has been a meaningful increase in sales during that time of the day.

HUL CFO appointed as Unilever’s new senior VP-finance

HUL CFO appointed as Unilever’s new senior VP-financeFMCG giant Hindustan Unilever Limited (HUL) has announced the elevation of its Chief Financial Officer (CFO) Sridhar Ramamurthy to the post of Senior Vice-President (Finance) for global markets at its parent firm Unilever.

Mr. Ramamurthy will join London-based Unilever as senior vice-president (finance) for global markets on July 1, 2014.

The company said in a filing to the Bombay Stock Exchange (BSE), "He will be part of the global markets executive of Unilever and based in London."

Thorntons chocolates records strong demand in supermarkets

Thorntons chocolates records strong demand in supermarketsThorntons chocolates have recorded strong demand for its products in supermarkets as well as in high street stores in the country allowing the company to increase its profitability.

Increased sales in supermarkets and other high-street retailers helped the company record profits during the first half of the year. Thorntons has said that sales in stores including Debenhams and WH Smith were higher than its own stores for the first time during the period in the six months till January.

India, China lead Coca-Cola sales growth

Coca-ColaNew Delhi, Feb 18 : Coca-Cola said Tuesday its sales volume increased by one percent in the October-December 2013 period, led by 8 percent jump in India and 5 percent growth in China.

"Our Pacific Group's volume grew 4 percent in the quarter, representing a sequential improvement versus the third quarter year-to-date results. Growth was broad based with 8 percent growth in India, 5 percent growth in China and 3 percent growth in Japan," Coca-Cola said in a statement here.

For the year 2013, the company's volume increased by 2 percent.

Subway planning to hire staff for 1,300 new shops

SubwayWorld's largest sandwich chain,, Subway has said that it is planning to hire new staff members for its 1,300 new shops in the UK and Ireland.

The increase will take the total number of its stores in the UK and Ireland to 3,000 in the next six years. The company already employs 8,600 people and will significantly boost its work force in the country to meet the increasing demand for its offerings. The company has recorded higher demand especially after the launch of healthier sandwiches and drinks, including a new low-fat flatbread range.

McDonald's trying to sell 10 million pounds of Mighty Wings

McDonald's trying to sell 10 million pounds of Mighty WingsFast food giant, McDonald's is aiming to sell 10 million pounds of Mighty Wings that are in cold storage as there are no takers in the market.

The chain prepared to release the wings as a limited-time offer this summer and had ordered 50 million pounds that were to be distributed to stores throughout the country. The limited release has concluded and the store is left with 20 percent of their original order in storage and many are describing it as one of the biggest disasters for the company.

Work begins on PepsiCo's largest beverage plant in India

PepsiCoHyderabad, Dec 21 : Soft drink major PepsiCo's largest beverage plant in India is coming up in Andhra Pradesh at a cost of Rs. 1,230 crore, its single largest investment in India.

At a ceremony held here Saturday, Chief Minister N. Kiran Kumar Reddy laid the foundation stone for the facility being built at Sri City, the special economic zone in Chittoor district.

The plant is being set up on 80 acres of land. It will be completed in three phases by 2017 and will generate direct and indirect employment for 8,000 people.

It will produce a range of beverages, including fruit juice based drinks, carbonated soft drinks and sports drinks.

Infosys unveils retail platform for global brands

Infosys-TradeEdgeBangalore, Dec 9 : Indian IT bellwether Infosys Monday launched a new product platform that helps global brands in the FMCG (fast-moving consumer goods) segment drive profitable growth in the emerging markets.

"As one of our latest offering in the products, platforms and solutions space, the retail platform has been designed to help global brands accelerate profitable growth in the emerging markets," Infosys chief executive N. R. Narayana Murthy said at the product preview.

KPMG was restricted from examining Britannia corporate loan

KPMGIt has emerged that leading accountancy firm KPMG was banned from examining corporate loan book of Britannia Building Society during the due diligence process of the bank at the time of its takeover by Co-operative Bank.

KPMG partners have told the government that Co-op as the leading four accountancy firms to evaluate the part of the business ahead of the takeover in 2009 but the accountancy firm was barred from examining its business by Britannia. Partners at KPMG, the bank's auditor for 30 years, were speaking about the financial gap of £1.5 billion of Co-operative Bank.

And the world's most popular booze is Soju from South Korea

Soju-boozeLondon, December 3 : South Korean spirit Soju has been named the world's most popular booze by Drinks International 's annual list of best-selling global spirits.

Jinro Soju has sold 65 million nine-litre cases in 2013 which is three times more than Smirnoff, the Guardian reported.

Its profile was also raised by ' Gangnam Style' hitmaker Psy who said that the drink was his "best friend" and who has appeared for its various ad campaigns. (ANI)

Andhra Pradesh to host Cadbury's largest plant in Asia-Pacific

Andhra Pradesh to host Cadbury's largest plant in Asia-PacificHyderabad, Nov 27 : Cadbury is setting up its largest manufacturing plant in the Asia-Pacific in Andhra Pradesh.

The plant is coming up at Sri City in Chittoor district with the first phase expected to become operational by mid-2015 with an investment of Rs. 1,000 crore.

Sri City is a special economic zone.

Cadbury India Wednesday signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh. Chief Minister N. Kiran Kumar Reddy also laid a "symbolic" foundation stone for the project in Hyderabad.

Starbucks to open thousands of stores in India

Starbucks to open thousands of stores in IndiaIn a bid to take advantage of fast growing markets of India and China, coffee giant Starbucks has announced its plans to open thousands of new stores in the two countries.

Howard Schultz, chief executive officer of Starbucks, said that thousands of stores would be opened in India in the not-too-distant future, which would make India one of the company's two largest markets along with China, outside North America.

PepsiCo to invest $5.5 billion in India by 2020: Nooyi

PepsiCoNew Delhi, Nov 11 : Global beverage giant PepsiCo Monday said it will invest Rs. 33,000 crore ($5.5 billion) in India by 2020 to expand its manufacturing and distribution capacity in Asia's third largest economy.

“India is a country with huge potential and it remains an attractive, high-priority market for PepsiCo,” PepsiCo Chairman and Chief Executive Officer Indra Nooyi told reporters here.

She said the investment will be made in expanding manufacturing capacity, agriculture, infrastructure and innovation.

Tata Coffee net up 56 percent in Q2

Tata Coffee net up 56 percent in Q2Bangalore, Nov 7 : Tata Coffee posted Rs. 43 crore net profit for the second quarter (July-September) of this fiscal (2013-14), registering 56 percent year-on-year (YoY) growth from Rs. 28 crore in the like period last year on standalone basis.

Sequentially, net profit increased 52 percent from Rs. 28 crore posted in the first quarter (April-June) of this fiscal.



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