Food
Adani Wilmar to invest Rs 600 crore to expand edible oil business, solar power capacities
Adani Wilmar plans to invest Rs 600 crore to expand edible oil processing capacities and launch new food products. It aims for higher growth in volume terms, with ongoing expansion programs of Rs 3,400 crore. Promoters aim to reduce stakes to 75 per cent by February, meeting SEBI's norm. The company reported a net profit of Rs 313.20 crore in Q1 of the fiscal year, with revenue growth in edible oils, food, and FMCG businesses.
Chai ke saath snacks? Indians just love to nibble all the time
A Kantar report disclosed that out-of-home snack consumption in India rose by 44% as of April-end, outpacing the global average of 14%. Indians show a rising preference for taste over nutrition. Companies focus on portion control due to growing food safety concerns.
What not to eat with tea or coffee: 7 foods to avoid
Spicy foods like spicy curries or chili peppers can intensify the bitterness of coffee and clash with delicate tea flavors.
FSSAI must protect consumers: Concerns over added sugar in baby food and contaminated spices
Renu Jain, a Bengaluru-based mother, found out last year that Bournvita, a popular 'health drink', contains high sugar content. The Food Safety and Standards Authority of India (FSSAI) has been urged to improve labeling and advertising regulations due to misleading ads that hide nutritional information, impacting public health with rising obesity and diabetes rates.
PepsiCo India revenue in Apr-Dec 2023 at Rs 5,954 cr, profit Rs 217 cr
Pepsico India Holdings reported consolidated revenue of Rs 5,954.16 crore and a profit of Rs 217.26 crore for April-December 2023. The company saw robust demand in both snacks and beverages sectors. Advertising expenditures were notable, reflecting a strong marketing effort. Pepsico India's spokesperson emphasized their commitment to growth in India amid challenging conditions.
India helps Coca-Cola to gain 2 pc volume growth, post 400 million transactions in H1
In Q2 2024, Coca-Cola achieved 2% growth, driven by India, Brazil, and the Philippines. India’s innovative bottles with extended shelf life generated 400 million transactions, reducing costs. Developed markets remained stable; Asia Pacific grew 3%. India, the fifth largest market, significantly contributed. CEO James Quincey noted solid performance. Revenues reached $12.
Mother Dairy aims Rs 17,000 cr turnover in FY25 on better demand: MD
Mother Dairy aims for a 13% increase in turnover to Rs 17,000 crore this fiscal year, anticipating strong demand for its dairy and edible oils products. The company, a key milk supplier in Delhi-NCR, also markets 'Dhara' branded edible oils nationwide and operates around 400 'Safal' retail outlets in Delhi-NCR for fresh fruits and vegetables.
World Food India 2024: Key details & West Bengal's food processing potential
World Food India 2024, organized by the Union Ministry of Food Processing Industry, will highlight the opportunities in the food processing industry. The event will feature over 1000 international buyers and showcase the potential of West Bengal's agriculture sector. It will take place from 19 to 22 September in New Delhi.
Revenues of sugar companies likely to increase by 10%, sugar prices to stay firm till the start of the next season, says ICRA
ICRA forecasts a 10% revenue growth for integrated sugar mills in India, driven by higher sales volumes and firm domestic sugar prices. The agency anticipates a decline in net sugar production in the upcoming year due to increased diversion towards ethanol. Key challenges include policy clarity on diversion and exports, as well as meeting ethanol blending targets.
Gram Unnati partners with Coco-Cola India for project to boost mango yields in Karnataka
Gram Unnati and Coca-Cola India’s Project Mango Unnati in Karnataka targets improving yields and farmers' income for Alphonso and Totapuri variants. Collaborating with KVK and IIHR, it incorporates innovative farming, quality improvement, rejuvenation of senile orchards, high-density planting, micro irrigation, integrated pest management, water conservation, climate forecasting, and crop alert systems.
Interest sops in works for companies setting up cold storage facilities for onions
The Ministry of Food Processing Industries plans to introduce an interest subvention scheme for private firms setting up cold-storage facilities near major cities to stabilize onion prices. After high prices and inflation last year led to export bans, the initiative aims to store onions closer to urban centers to manage market fluctuations. With 50 key locations identified, including Delhi and Mumbai, the scheme seeks to address supply gaps during peak demand periods, mitigating price spikes and ensuring steady availability.
Must Watch
Spices prices ease by 2% to 10% amid high food inflation
Prices of key spices like cumin seeds, coriander seeds, chillies, and turmeric have decreased by 2% to 10% over the past two months, providing relief amidst firm inflation in staples like cereals and vegetables. Factors contributing to this decline include reduced domestic and export demand, ample stocks, and expectations of favorable upcoming sowing seasons.
Traditional Snacks vs Western Munchies: Immigration continues... to the United Snacks of India
Be it bhujia, chivra or the multi-named fried and spiced peanuts – they’re more than a match for potato chips on the tidbits smorgasbord
Celebrate World Kebab Day: Explore 6 delicious kebabs from around the world
Aromatic and juicy, seekh kebabs are made from minced lamb, flavored with spices, and grilled over coals, served with mint chutney and raw onions for an irresistible taste.
PepsiCo global chief Ramon Laguarta sees 'massive opportunity' in India
PepsiCo chairman Ramon Laguarta highlighted the company's growth in Asia, particularly India, as an investment area. The company sells concentrate to Varun Beverages Ltd, its franchise partner. The company's brand portfolio in India includes Pepsi, Mountain Dew aerated drinks, Lays chips, and Kurkure salty snacks.
Louis Dreyfus relaunches edible oil brand 'Vibhor' for North India mkt
Louis Dreyfus Company (LDC) has relaunched its edible oil brand 'Vibhor' in North India's business-to-consumer segment. The new product line includes soybean, palmolein, cotton seed, and mustard oils, as well as premium vanaspati, enriched with vitamins A and D. LDC aims to expand its distribution network in Punjab, Haryana, Delhi, and Uttar Pradesh, leveraging its Kandla processing unit's 3,50,000-tonne annual capacity. The edible oils will be available in various packaging sizes from 500 grams to 15 kilograms. This relaunch aligns with LDC's strategy to diversify and add value to its product offerings.
