BINGO POTATO CHIPS
ITC packs a punch, beats Britannia in foods business
ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports.
Orion India announces expansion of Korean snacks portfolio
Orion India, a subsidiary of South Korea’s Orion Holdings, is expanding its Indian snacks portfolio by introducing new products and increasing production capacity. The company has also enlisted Palak Tiwari to promote its Turtle Chips franchise in India.
Companies offer deep discounts on beverages, snacks to clear shelves
Several items are being sold at a third of their price tags online, among the steepest cuts in the beverage and snack categories, according to industry executives. Discounts had fizzled out after beverage and snack companies saw a strong recovery in the last quarter and, in turn, built a strong inventory pipeline for summer just before states were forced to impose closures due to the second wave.
Rivals snack on Pepsico’s share despite leader’s ‘good show’
Company says Lay’s & Kurkure are still leaders in the segment and registered double-digit growth rate.
Rs 5 packs a punch in fast-moving snacks
Growing at a healthy double-digit rate, snacks has emerged as one of the fastest growing FMCG categories, with more than 7 million shops. As the market continues to attract new players, who are experimenting with fresh flavours to drive consumption, the magic price point of Rs 5 would stand them in good stead.
Britannia plans to give a salty twist to Time Pass brand
In India, biscuits, snacks and dairy are the three largest categories in packaged consumer products.
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Bingo Tedhe Medhe and Mad Angles help ITC pip PepsiCo' Kurkure to become market leader
The Rs 3,400-crore subset in question is ‘bridges’, where ITC’s Bingo Tedhe Medhe and Bingo Mad Angles compete with PepsiCo’s Kurkure.
ITC to launch new categories to spice up its food business
ITC will not launch any new food brand. Instead, it will piggyback on existing ones for new launches and claims it has 5-6 new categories in its innovation funnel.
How Karnataka's horticulture department is turning the farmer into an entrepreneur
The state is expecting a range of cos, including the Big Four consulting firms to come forward to bid for tenders to provide manpower to support this project.
PepsiCo and ITC lay pitch for new marketing war, aims to launch healthier packaged snacks
As per estimates, PepsiCo is still far ahead in overall packaged snacks segment with more than a 50 per cent share, compared with ITC’s 16 per cent.
Food companies push local flavours to up sales
Think macro and act micro is becoming formula of success for most packaged food companies as they try and customise according to varied local flavours in India.
PepsiCo ropes in Ranbir Kapoor to endorse Lay's potato chips
PepsiCo Foods has signed on actor Ranbir Kapoor to endorse its Lay’s potato chips as part of a repositioning exercise to make it a more youthful brand.
PepsiCo's Lays, Kurkure lose market share to local players like Yellow Diamond and Balaji
Kurkure and Lays, have begun losing share to regional players such as Balaji, Yellow Diamond in addition to some variants of Bingo.
ITC takes on Britannia, Nestle to become the leader in FMCG sector
ITC has recently revamped the entire FMCG portfolio by launching a richer and premium variant at each level.
Banana chips in turf war with Potato wafers
The traditional banana and tapioca chips industry in Kerala worth around 750 crore is in a changeover mode.
How food cos are reworking supplier networks to save every rupee
Foods companies are reworking supplier networks, hedging risks via futures trading, and taking a closer look at product attributes to save every Rupee.
Food prices unlikely to singe in festive season
Grocery shoppers and branded food makers alike may not have to agonise over buying cooking oil, basmati, maida, pulses, sugar and spices during the approaching festival season as their prices are expected to stay modest.
ITC June quarter net profit up 21.8 pc to Rs 1,070 crore
Diversified business group ITC on Thursday posted a 21.8 per cent jump in its net profit to Rs 1,070.3 crore in the quarter ended June 30, 2010, on account of robust growth in its FMCG division and agri-businesses.
FMCG cos to hike prices
Partial rollback of excise stimulus and higher fuel and packaging costs are likely to force consumer products companies not only to raise the price but also offer lesser quantity for the same price.
Lower weight, higher prices stump buyers
Food prices go through the roof and consumer product companies scrimp on quantity to protect margins.
CavinKare eyes bigger share of foods pie
FMCG major CavinKare is taking a bigger bite into the branded food segment by affecting a majority stake buyout of traditional snacks marketer, Garden Hygienic Snacks. CavinKare is poised to acquire the Mumbai-based company for Rs 55 crore, said sources familiar with the development.
ITC to focus on high-margin agri products to lift its bottomline
Cigarettes-to-hotels conglomerate ITC’s June quarter results were a watershed event for the company’s agri-commodities businesses.
ITC to focus on high-margin agri products to lift its bottomline
Cigarettes-to-hotels conglomerate ITC’s June quarter results were a watershed event for the company’s agri-commodities businesses.
Rising potato price eats into profit margins of wafer makers
A sudden shortage of potatoes accompanied by sharply higher prices is eroding profit margins for large potato wafer brands and could force several smaller ones to temporarily exit the snack foods market.
ITC looking at domestic frozen food market
ITC Foods has drawn up plans to foray into the nascent frozen foods category in the domestic market within the next six-eight months.
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