Consumer foods brand Yu raises Rs 55 crore in Series B round, Retail News, ET Retail
Yu, a consumer foods brand, has secured Rs 55 crore in a Series B funding round led by Ashish Kacholia and Asian Paints Promoter Group. The funds will help Yu expand its food and beverage offerings an
In West Bank, Pepsi and Coke bottlers face can and sugar shortage, ET Retail
PepsiCo and Coke bottlers in the West Bank confront severe supply shortages due to the closure of a key trade crossing. This disruption, exacerbated by ongoing conflicts, has resulted in significant p
Nestle India Q2 Results: Cons PAT falls marginally to Rs 899 crore, but beats estimates, ET Retail
Nestle India Q2 Results: Nestle India reported a consolidated net profit of Rs 899 crore for Q3 2024, slightly down from Rs 908 crore YOY. Revenue from operations grew by 1.3% to Rs 5,104 crore. Despi
Nestlé's Sweet Solution: Launches zero refined sugar Cerelac amid criticism, ET Retail
Nestlé has launched new Cerelac variants without refined sugar in India. Out of 21 variants, 14 will be refined sugar-free. Seven new variants will be introduced by November 2024. This move fol
Nestle announces restructuring, misses nine-month organic sales forecast, ET Retail
Nestle is revamping its senior leadership and operating structure. It lowered its full-year sales outlook due to worse-than-expected nine-month organic sales growth. The new CEO plans to merge several
Quality, safety are cultural edifices of company: Nestle CMD, Retail News, ET Retail
Nestle CMD Suresh Narayanan emphasized the importance of quality and safety at the Indian Foundation for Quality Management session, stating they are foundational to the company’s success. He re
Amul Launches in the US: Fresh Milk Now Available at Costco, Retail News, ET Retail
Discover how Amul is entering the US market by partnering with Costco to bring fresh milk to American consumers and the Indian diaspora.
Millet-based snack startup Troo Good secures $9 million funding, ET Retail
Millet-based snack startup Troo Good has secured USD 9 million in funding led by Puro Wellness, with participation from Oaks Asset Management and V Ocean Investments. The capital will be used to enhan
Unilever overhauling European homecare supply chain, executive says, ET Retail
Unilever plans to invest over 150 million euros to upgrade its European homecare business supply chain by 2026. This includes building new factories, adding warehouses, and increasing R&D spending. Th
Tata Soulfull eyes high double-digit growth for next 3-4 years, ET Retail
For the next phase of growth, the brand is betting big on launching new categories and penetrating deeper into India.
Manish Tiwari: Manish Tiwary to take over driving seat of Nestle India, Suresh Narayanan to retire in 2025, ET Retail
Manish Tiwari: Suresh Narayanan will retire as Chairman & Managing Director of Nestle India in July 2025 after a 26-year tenure. Manish Tiwary, an experienced leader from Amazon India, is set to take
Varun Beverages to raise Rs 7,500 cr for expansion; board approves QIP, ET Retail
Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through Qualified Institutions Placement (QIP) route to fund its growth plans.
Rising palm oil, higher inputs cost to impact FMCG players' margins in September quarter, ET Retail
Leading FMCG companies, including GCPL, Dabur, and Marico, foresee margins and profits being affected due to rising palm oil prices, higher input costs, and increased advertising expenses in the Septe
PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas, ET Retail
PepsiCo has reduced its 2024 sales growth forecast due to consumer cutbacks in North America, preferring cheaper brands amidst inflation and high borrowing costs. Third-quarter revenue declined partia
EXCLUSIVE-Unilever overhauling European homecare supply chain, executive says, ET Retail
Unilever plans to invest over 150 million euros to upgrade its European homecare business supply chain by 2026. This includes building new factories, adding warehouses, and increasing R&D spending. Th
Emami expects Q-commerce channel to grow five-fold in 2 years: VC & MD Harsha V Agarwal, ET Retail
FMCG Sector: Emami anticipates a four to five-fold increase in quick commerce sales within two years and is exploring more D2C acquisitions in nutrition, pet care, and health food sectors. The company
Manish Tiwari to take over driving seat of Nestle India, Suresh Narayanan to retire in 2025, ET Retail
Manish Tiwari: Suresh Narayanan will retire as Chairman & Managing Director of Nestle India in July 2025 after a 26-year tenure. Manish Tiwary, an experienced leader from Amazon India, is set to take
