Itc

“The company also witnessed growing preference for organic, naturals and fresh products though consumers also seek indulgence, comfort eating and even resort to ‘revenge’ consumption. Frozen food, ready to eat or cook meals score high on convenience, during these trying times,” said Puri. … [Read more...] about ITC AGM: 40 new products launched in COVID-19 pandemic, gearing up for ‘next normal’: Chairman Sanjiv Puri

HUL reported a standalone profit of Rs 1,881 crore for the quarter, a growth of 7.2 percent compared to the previous quarter, supported by a sharp fall (down 31.4 percent) in advertising and promotion expenses, and strong double-digit growth in the foods and refreshment segment. … [Read more...] about Brokerages remain cautious on FMCG companies’ growth prospects; ITC favourite pick

Choco Fills, reckon marketing and branding analysts, is ITC’s best chance in increasing its overall performance in biscuits. ITC has been languishing at around 10% market share for a while, making it a distant third in the stacking. While Parle comes second with 27.3% share, Britannia tops the chart with 32.1%. Dark Fantasy Choco Fills, which now has four variants and recently rolled out a Rs 5 pack, has pushed on the gas pedal to widen the gap in premium cream segment, which has been growing at a handsome clip: over Rs 1,000 crore in two years.“Dark Fantasy has emerged as ITC’s Batman,” says Harish Bijoor, who runs an eponymous brand consulting firm. “While all players focused on the bottom and middle end of the biscuit segment, ITC focused on the ridiculous top end. … [Read more...] about This is how ITC’s Choco Fills became “the batman of biscuits”

Prasenjit Chakravarti, Partner, Khaitan & Co, said: “The RoC has suo moto issued a blanket three-month extension to companies within its jurisdiction. This will save the RoC from being inundated with a flurry of applications from several companies. Equally, companies will be saved from the trouble of moving an application and avoid unnecessary paperwork.” … [Read more...] about MCA extends deadline for holding AGMs from September 30 to December 31; 12 lakh firms may benefit

Hot Stocks | HDFC Life, HUL, ICICI Bank can give 12% return in short-term Trade Setup for Friday: Top 15 things to know before Opening Bell Coronavirus Essential podcast | Serum Institute pauses Oxford vaccine trials; Don't take coronavirus lightly, cautions PM Modi … [Read more...] about Taking Stock: D-St rallies for 5th consecutive day; financials lead the charge