Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
7 asanas to help you deal with festive bloating.
Facing widespread criticism over the death of 23 children after eating mid-day meals in Chhapra, the Bihar government on Thursday denied receiving any alert from the Centre over shortcomings in its implementation and insisted that the food was 'poisonous'.
Forget tofu or soy milk. Entrepreneurs out of South Africa have opened a pop-up restaurant dedicated to serving gourmet meals, all made from alternative, insect-based ingredients. Welcome to The Insect Experience which opened in Cape Town last month. Customers are treated to dishes like chickpea black-fly-larvae croquettes, polenta fries made from mopane worm flour and mealworm biscuits. Take a look.
The government decided on Friday that some fans can go back, with 10% of seats available at Korean Baseball Organization (KBO) games from Sunday.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
"For a few weeks eat lots of salad with carrots, radish, cucumber and tomatoes in it."
Under attack from the opposition over the death of 22 school children after consumption of mid-day meal at Saran, the Bihar government on Wednesday said it suspected a conspiracy behind the tragedy.
It was truly heartening to see how the Sikh community had risen to the occasion during the Black Lives Matter peaceful protests and the coronavirus pandemic and selflessly served those looking for nourishment.
State Bank of India's house economists on Monday said the recent farm sector reforms reek of parochial thinking and promote lazy farming as they only cater to cereal-producing states. In the recently concluded monsoon session, the government rushed through three legislation to change the way agricultural produce is marketed, sold and stored by dismantling the decades-old APMC (Agricultural Produce Market Committee) mandis.
Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
There is no evidence that the drug can fight the virus, and regulators warn it may cause heart problems.
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
Despite near-term headwinds of rising input costs and the possibility of lower demand for products as Covid dented rural & urban India, and impacts both production & consumption, analysts remain bullish on stocks of fast moving consumer goods (FMCG) companies and expect the index to relatively outperform its peers in the second half of fiscal 2021-22 (FY22). In the past one year, prices of key commodities such as groundnut oil, mustard oil, Vanaspati, soya oil, sunflower oil and palm oil have shot up in the range of 20 per cent to 60 per cent, data show. The FMCG sector macros in this backdrop, according to analysts, have further deteriorated because of weakness in consumer demand and likely margin pressure due to elevated crude oil, palm oil and global food prices.
The first dimension of this vision will be to build physical as well as social infrastructure for a $10-trillion economy and to provide ease of living: Goyal.
The wet market was where a variety of live animals were traded until it was shut down following fears that the coronavirus had jumped to humans either from bats or pangolins.
Immunity boosting foods and drinks. Sustainable fashion. Beauty products with natural ingredients. There was always a market for these, and the pandemic has only made it bigger. Within beauty, brands have recorded a greater demand for ayurveda products.
Wellness expert Roopashree Sharma tells you how you can use natural methods to improve your health.
Read. Meditate. Take a short nap. Take up activities that strengthen and sharpen your brains, and enhances your mood and memory, suggests stress management expert Dr Khushboo Thakker Garodia.
Dr Praveen Kulkarni, senior cardiologist at Global Hospital, Mumbai explains why youngsters need to be careful about their lifestyle to prevent hypertension.
In India, thousands of lives are lost every year because of unavailability of organs
'Our body functions in a particular system. We pass urine. We pass motions. We swallow food. We drink water. We breathe properly.' 'If there is an obstruction to any of these things -- difficulty swallowing, difficulty passing urine, passing blood in the urine, passing blood in the stools or severe pain anywhere, lasting for more than a month, or for example the skin, which covers our body, has a few moles that start increasing or bleeding... then you need to see a specialist.'
The new malaria vaccine (RTS.S/ AS01, tentatively brand-named Mosquirix) is the very first one to offer immunity against a parasite -- specifically the plasmodium falciparum parasite, which is the deadliest of the five parasites that cause malaria.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
It is the one food that you should consume daily.
'There is no vaccine and no specific antiviral medicines against #COVID19' the World Health Organization tweeted.
Follow these 10 Chennai foodies to track down the great restaurants and awesome food there!
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
This time food regulators found excess presence of ash content in Maggi
A map showing the percentage of undernourished people across various countries.
Those in the soccer competition that started ahead of the main event beginning on Saturday have borne the brunt of the disruption.
The World Bank report said Brand Northeast would build on elements such as healthy living, environmental sustainability, social responsibility, service orientation, among others.
Indeed has seen an increase in listings for drivers, food delivery runners, and other service providers.
Empty middle seat, no duty-free shopping to be new normal till WHO all-clear.
Prime Minister Narendra Modi on Saturday said the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.
'The challenge is to put in place a strategy for future courses of action beyond April 14 when the lockdown comes to an end,' notes Brigadier Narender Kumar (retd).
India decided last week not to ratify WTO's Trade Facilitation Agreement.
Include nutritious food in your diet. Avoid alcohol. Take your last meal at least 3 hours before bedtime.
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