FMCG Sector

Parle Agro launches Café Cuba to re-enter carbonated drinks market

Parle-Agro-Cafe-CubaMumbai, Sep 24 : Fast moving consumer goods major Parle Agro Tuesday re-entered the Rs. 15,000 crore-worth carbonated soft drinks (CSD) segment, 20 years after it sold brands like Thums Up and Limca.

"We are excited to be creating a completely new category for the CSD segment," said Prakash Chauhan, chairman and managing director, at the launch of new beverage offering, Café Cuba.

"We have spent a great amount of time and effort in creating a product that India truly wants and we feel this is the best time for us to enter the market."

PepsiCo appoints Sanjeev Chadha as CEO of its AMEA business

PepsiCo appoints Sanjeev Chadha as CEO of its AMEA business Cold-drinks giant PepsiCo Inc. on Monday announced the appointment of Sanjeev Chadha as CEO of the company's Asia, Middle East and Africa (AMEA) business, with immediate effect.

In his new role, Chadha will oversee all aspects of the company's AMEA business, and report directly to chairman and CEO Indra K. Nooyi.

In his most recent role, Chadha served the company as President of Middle East & Africa business.

Jubilant FoodWorks to invest Rs 250cr on capex during FY2013-14

Domino-PizzaJubilant FoodWorks, the operator of Domino's Pizza chain, on Friday announced its plan to invest Rs 250 crore on capital expansion (capex) during the current financial year.

The company, which also operates Dunkin Donuts restaurants, said capital expansion would be funded from internal accruals. The capital expansion is expected to help the company in maintaining growth.

Announcing the plan, Jubilant FoodWorks chief executive Ajay Kaul said, "The growth story is absolutely intact, and the growth will be driven by the investments we make. This year we will invest Rs 250 crore for capital expansion."

HUL appoints Sanjiv Mehta as its new MD

HUL appoints Sanjiv Mehta as its new MDFMCG major Hindustan Unilever Ltd (HUL) on Friday announced the appointment of Sanjiv Mehta - the current head of the company's Middle-East & North Africa business- as its new managing director.

Mr. Mehta will replace Nitin Paranjpe, who has been elevated to the position of the global head of HUL's parent firm Unilever's homecare business. Mr. Paranjpe, who will become a member of the FMCG giant's leadership executive team, will report directly to global Chief Executive Paul Polman.

AG Barr planning to acquire Lucozade and Ribena brands

AG Barr planning to acquire Lucozade and Ribena brandsAG Barr has indicated that it might be looking to acquire the Lucozade and Ribena brands that re being sold by pharmaceuticals giant GlaxoSmithKline.

The manufacturer of Irn-Bru has reported strong trading and is now looking to expand its offerings. Roger White, the Chief Executive Officer of AG Barr said that the company’s trading performance is better than rival Britvic. AG Barr, which offers Tizer and fruit juice range Rubicon, was still keen to join the larger industry player in the country.

FDA’s import alert on Dabur facilities may be due to unauthorized export

FDA’s import alert on Dabur facilities may be due to unauthorized exportResponding to the U. S.  Food & Drug Administration's (FDA's) imposition of an import alert on Dabur's two Himachal Pradesh-based manufacturing facilities, the Indian FMCG giant claimed that the products in question were exported without its consent and knowledge.

The FDA imposed the alert after two unapproved products from Dabar's Baddi and Nalagarh facilities were found selling in the U. S. market.

Jyothy Labs’ Q4 net falls 57.70%

Jyothy Labs’ Q4 net falls 57.70%FMCG firm Jyothy Laboratories Ltd on Wednesday reported a fall of mote than 57 per cent in consolidated net profit for the quarter ended March 31.

The maker of popular fabric whitener Ujala reported that its consolidated net profit during the January-March quarter fell 57.70 per cent to Rs 11.81 crore, from Rs 27.92 crore during the corresponding period of the previous fiscal.

Consolidated net sales of the company jumped 24 per cent to Rs 272.51 crore in the fourth fiscal quarter, from Rs 219.35 in the corresponding period of the previous fiscal.

CLSA downgrades Hindustan Unilever to 'sell’

CLSA downgrades Hindustan Unilever to 'sell’CLSA has announced its decision to downgrade the shares of FMCG giant Hindustan Unilever to 'sell from 'underperform'.

The brokerage also said that it is setting a target price of Rs 430 for the shares of the company following a significant rally in the share prices.  It said that the downgrade is mainly due to a weak macroeconomic environment, a slowdown in revenue growth in soaps and detergents, weak trend in discretionary segments and margins are likely to be passed to the customers.

Pepsi launches new 20-ounce bottles

Pepsi launches new 20-ounce bottlesUS based beverage giant, Pepsi has announced that it is launch new 20-ounce bottles after a period of 17 years for the customers around the world.

The new bottle has a contoured bottom half, which makes it easier to hold.  The bottle also comes with smaller sticker so that more of the drink can be seen.  The new bottle has easy-to-grip design, youthful packaging and visible brand features.  The new design is part of the company's"Live for Now" marketing campaign.

Pepsi does not need large scale M&A

Pepsi does not need large scale M&AUS beverages giant, Pepsi has indicated that it does not require large scale mergers and acquisitions in order to sustain operations at this point of time.

The indications came after it was reported that billionaire investor Nelson Peltz has increased a stake in the company and in food maker Mondelez International. According to some people closer to the matter Peltz's Trian Fund Management has built a stake in the company but did not reveal the per cent age of stake being acquired by the investor.

Unilever to invest €50 million for deodorant plant in Maharashtra

Unilever to invest €50 million for deodorant plant in MaharashtraFMCG major, Unilever Plc is planning to invest _50 million to set up a new aerosol deodorant manufacturing plant in the western Indian state of Maharashtra.

The company said in a statement that the investment will be made in a period of three years and the capacity of the plant will be boosted over the years. It said that the products produced at the plant will sold in India and will also be exported to other countries including Malaysia, Thailand, Singapore and Vietnam.

Menthol prices fall due to ban on tobacco products

Menthol prices fall due to ban on tobacco productsExperts have said that the usage of the throat cooling oil has reduced in chewing tobacco products. FMCG giant, Emami is enjoying lower costs of raw material due to the ban and company officials have said that the cultivation of mint leaves from which the oil is extracted has grown.

Fonterra gives safety assurance on NZ milk

Fonterra gives safety assurance on NZ milkWorld's largest dairy exporter, Fonterra Cooperative Group Ltd has assured customers from around the world that the milk from New Zealand and safe for consumption.

The dairy giant had carried out some tests on milk produced in the country and had found traces of dicyandiamide, or DCD in milk powder. Experts say that DCD is toxic to humans if consumed in high volume.

Varun Berry to join Britannia as new COO

Varun Berry to join Britannia as new COOBritannia Industries has announced in a press release on Monday that it has appointed Varun Berry as the company's new chief operating officer.

As the new COO, Berry will be the second most senior official in the company and will work with MD and CEO Vinita Bali. The company also said that Neeraj Chandra, who is now working as the president and COO at Britannia, will now work as the head strategy and new business development at the biscuit maker. Vinod Menon, who has been working as the head of strategy and new business development, will now work as the new VP and CFO of the company.

Marico's board approve restructuring plan

Marico's board approve restructuring planThe board of the directors of FMCG major Marico has given their approval to a proposal to restructure the company's business.

The restructuring plan involves a proposal for demerger and will be effective from April 1, 2013. The company is planning to demerge skin care business under the Kaya Clinic brand and form a new entity and manage Marico's consumer products business as a separate business.

FMCG, pharma and banking saw increased investor interest in 2012

FMCG, pharma and banking saw increased investor interest in 2012Market experts have said that sectors including FMCG, pharmaceuticals and banking and financial services (BFSI) saw increased investors interest during the coming year, 2012.

Dealers on the Dalal Street expect the FMCG, pharmaceutical and private bank shares to continue their increase in the New Year. They said that these sectors will continue to be safer bets in the coming year as the stocks are in upward trend and have a lot of potential.

PepsiCo claims to be the largest procurer of potato in India

PepsiCo claims to be the largest procurer of potato in IndiaMcDonald's and PepsiCo have rebutted BJP senior leader Sushma Swaraj's allegation that these multinational fast-food giants do not source even basic commodities from within India.

Opposing the Congress-led UPA's government economic reforms programme, which includes opening on multi-brand retail sector to foreign investors, Swaraj said that government was wrong in claiming that foreign retailers like Wal-Mart would source at least 30 per cent of their items from within India.

LIVE and FTMTS shoppers to add $3bn in FMCG sales by 2015

LIVE and FTMTS shoppers to add $3bn in FMCG sales by 2015The fast-moving consumer goods (FMCG) companies in India need to understand the unique characteristics of low-income value explorers (LIVE) and first-time modern trade shoppers (FTMTS) as these two growing shopper segments will account for a considerable part of the FMCG sales in the country over the next three years, Nielsen India said.

According to a fresh study by Nielsen India, LIVE and FTMTS segments will add $3 billion in the FMCG sales in India by the year of 2015.

Cadbury develops heat-tolerant chocolate

Cadbury develops heat-tolerant chocolateConfectionery giant Cadbury has developed a new heat-tolerant chocolate which is capable of withstanding temperatures of up to 40 degree Celsius (104F).

Researchers at Cadbury's Bourneville, UK-based research & development (R&D) facility have claimed that their new melt-proof recipe for the popular cocoa treat could stay completely solid even when exposed to temperatures as high as 40 degree Celsius for over three hours.

The claim was made in an 8,000-word patent application filed by Cadbury to patent the method for making a temperature-tolerant chocolate.

Income-tax department detects two cases of tax evasion by Cadbury India

Income-tax department detects two cases of tax evasion by Cadbury IndiaThe income-tax department has dragged Cadbury India Ltd under its scanner for alleged two cases of tax evasions, Minister of State for Finance S. S Palanimanickam told Parliament.

In a written reply to Rajya Sabha on Thursday, Palanimanickam said that the Directorate General of Central Excise Intelligence had detected two cases of tax evasion by Cadbury India.

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