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The India arm of the $8.6 billion direct selling company Amway Corp, which sells a range of personal care and household products, has entered the rapidly growing herbals skincare market, its first such brand in the category. Indian consumers are increasingly orienting themselves to herbal products and the new range will be among our growth […]

E-commerce’s contribution to the total FMCG sales is expected to be 11 per cent by 2030, according to market research firm Nielsen. E-commerce contributed 0.4 per cent to FMCG sales in 2016 and in 2018 it is expected to be around 1.3 per cent of the branded packaged FMCG sales. “Over the next 12 years, […]

The FMCG sector grew 16.5% in terms of value in the third quarter of 2018 because of increase in private consumption, expansion in rural income and moderate inflation levels of about 4%, according to Nielsen’s quarterly report. For the last quarter of 2018, the research firm expects the growth in the FMCG sector to drop […]

Homegrown FMCG firm Jyothy Laboratories is aiming to more than double its turnover to Rs 4,000 crore in the next three years on the back of both acquisitions as well as organic growth, a top company official said. The company expects the ongoing Ayurveda wave in the FMCG segment to push its growth further, helped […]

Chinese electrical appliance maker Midea Group will introduce Toshiba brand home appliances in Indian market, and is setting up a plant to produce them locally, a top company official said. Midea, which owns around 80 per cent stake in Toshiba Lifestyle Products and Services Corporation (TLSC), will manufacture Toshiba-range of home appliance at its Ahmednagar, […]

The Coca-Cola Company, which is pursuing GlaxoSmithKline Consumer’s $4 billion Indian nutrition business including malt beverages Horlicks and Boost, has created a new international group called Global Ventures to focus on ensuring maximum value from acquisitions and investments. “Acquisitions will continue to be an important tool for the company,” Coca-Cola global chief executive officer James […]

Colgate-Palmolive has said that Ayurveda based innovation from India has helped the American consumer products maker launch similar products in other markets across the world while expressing confidence that its share in the herbal toothpaste segment in the country would continue to grow. In an earnings call, the company’s global CEO Ian Cook said, “We […]

Dubai headquartered Danube Home, part of the Danube Group, has forayed into India’s home furnishings market from Hyderabad by opening its first store, nearly a quarter after Swedish furniture giant IKEA opened its first India store in Hyderabad. The group with $1.3 billion revenue last year has interests in property development, building materials and home […]

Sequoia Capital-backed Stovekraft, one of the leading home grown kitchen appliances maker, is going to focus on the premium segment with its licensed brand Black + Decker by rolling out products like blenders and juicers, breakfast appliances, water heaters and small domestic appliances. The Bengaluru-based company, whose flagship brands include Pigeon and Gilma that together […]

Drug firm Merck Ltd. said Wednesday the government has approved proposal of Procter & Gamble Overseas India BV to acquire up to 77.80 per cent stake in the company. The Department of Pharmaceuticals has approved the proposal of Procter & Gamble Overseas India BV for acquisition of up to 77.80 per cent of the paid-up […]