FMCG Sector Updates

FMCG margins crimped, sales momentum to continue in Q1 Indian mid-cap consumer goods firms are seen taking a hit on their profitability in the first quarter of FY12, as stiff ITC rules out immediate price hike on food items
Multi-business conglomerate ITC that makes food product .    

.. Nestle buys 60% of Chinese candymaker for $1.7 bn
Nestle, the world's largest food company, is paying a h ..         

. Ranbaxy, Pfizer in pact with ITC to boost rural sales
Rural markets are hot and ripen. While many experts fee ..         

. Nestle, Tata may be thirsty for Arizona tea: Report
India's Tata Global Beverages and Nestle Ltd have, or h ...          

 Ex-HUL Chairman Vindi Banga to join Marks & Spencer board
UK-based global retailer Marks and Spencer Group Plc to ...           

Jyothy Labs' foreign acquisition
Jyothy Laboratories’ founder M.P. Ramachandran and depu ...              

 Kohinoor Foods get shareholders nod for JV with US firm
Rice exporter Kohinoor Foods (KFL) today said the share ...           

 HUL ties up with Bharti Retail to promote plastic recycling
Hindustan Unilever (HUL) today said it has tied up with ..             

. India, China to spur global milk consumption: Tetra Pak
India and China will drive the global consumption of li ...