Written By Smita Balram, ET Bureau Leading consumer product companies such as Hindustan Unilever, Dabur and Godrej Consumer Products have started replacing raw materials from China with local indigenous ones, as part of their strategy to either reduce or completely eliminate sourcing from the neighbouring country. Sunil Kataria, CEO - India & SAARC at Godrej Consumer Products Ltd, said, “We are developing local sources for these imports. Since the world supplies are dominated by China, it will take some time for alte . Source: economictimes.indiatimes
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Written By Sharleen Dsouza India’s largest dairy brands, Amul and Mother Dairy, turned to baking during the pandemic. When you have surplus milk, make butter—and then bake butter cookies. At least, India's largest dairy brand is doing so.The world's strictest lockdown to contain the Covid-19 virus forced 1.3 billion Indians Source: bqprime
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Reliance Retail will get the benefit of economies of scale. The products can be bought in large quantities and sold at competitive prices, and would see further improvement in margins due to improving scale. The numbers were already mind-boggling. Reliance Retail is India’s largest, most profitable retail business and is the fastest-growing retailer in the world thus far. Its revenues are higher than the rest of the organised retailers combined. Reliance Retail’s business footprint spans across 11,806 retail stores in over 7,000 towns with 28.7 million sq ft of retail space. It sells more fruits and vegetables than any of…
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Written By Seetharaman G The joint venture’s supermarket chain Star has been struggling to make a mark with only 57 stores across the country, compared to Reliance Retail’s 797 and DMart’s 214. Pushed into a corner, Star now has little choice but to think big India’s supermarket war seems to be in its endgame. With the dust finally settling, the field is littered with the corpses of those who have tried and failed to make it their own. Some of India’s biggest conglomerates, like Aditya Birla Group and the Godrej Group, gave up the ghost and sold out. India’s top…
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Written By Devika Singh According to Euromonitor International, the luggage market in India was valued at Rs 8,495 crore in 2019 and is estimated to degrow to Rs 7,305 crore in 2020, due to the impact of the Covid-19 pandemic A recovery in this category, experts predict, could be expected only in FY22, as demand will remain muted. The luggage category has taken a big hit this year as travel came to a standstill, severely impacting its outlook for FY21. Some of the big players operating in the segment, the likes of VIP Industries, Safari Industries and Samsonite India, have…
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