Britannia invests US$29m in a new greenfield manufacturing facility in Assam

INDIA - Britannia Industries, the Bengaluru, Karnataka based food products corporation has invested US$29.1 million in a new greenfield manufacturing facility in Rampur, Guwahati, Assam. The facility, one of its largest in India, will produce a wide array of Britannia products to cater extensively to Assam and the north-eastern States. The unit has production capacity…

Hindustan Unilever records 19% increase in profits to beat estimates

INDIA - Mumbai based consumer goods company, Hindustan Unilever Ltd (HUL) has reported 19.17% increase in profit to US$222.9 million in its first quarter ended 30 June 2018, beating estimates. According to ET Retail, HUL’s EBITDA for the quarter stood at US$328.29m, beating US$319.68 million estimated by ET Now poll, also as compared to US$272.14…

UberEats inks product distribution deal with Café Coffee Day (CCD)

INDIA - The American online food ordering and delivery platform, UberEats through UberPortier B.V has entered into an agreement with Café Coffee Day (CCD) for food products distribution in India. According to Coffee Day Enterprises, CCD’s parent company, the partnership will help in expansion across the retail sector, reported ET Retail. "Coffee Day Global Ltd…

PepsiCo India posts mid-single-digit revenue growth in the second quarter

INDIA - PepsiCo India, the food and beverages maker has said its India business recorded solid mid-single-digit organic revenue growth, as a result of stable macro conditions in the quarter ended June 16. The quarter was also helped by continued expansion across its international market given a strong marketplace execution in the period. According to…

PepsiCo India commits to collecting and recycling plastic in Maharashtra state

INDIA - PepsiCo India has announced plans to extend producer responsibility of the government by collecting and recycling PET plastic waste generated in the Maharashtra state. The company said this in line with its commitment to the government's vision and focus on addressing the issue of plastic waste in a sustainable manner. PepsiCo has also…

Everfoods to acquire India’s leading brand of fresh baked cookies Cookie Man

INDIA - The packaged foods company, Everfoods has entered into a definitive agreement to acquire a leading brand of fresh baked cookies, Cookie Man from Australian Foods (I) Pvt. Ltd, reported ET Retail. While the amount of the transaction was not known, the acquisition expands Everfoods portfolio, adding a brand of fresh baked cookies in…

Standards body launches ‘Eat Right Movement’ to promote healthier FMCG foods

INDIA - The Food Safety and Standards Authority of India (FSSAI) is launching the ‘Eat Right Movement’ in a new strategy to promote production of healthier FMCG food products in the industry. This is an attempt to getting the food industry on board for implementation of draft food labelling regulation in attempt to protect and…

Former P&G executive Vivek Sunder named COO at Swiggy

INDIA - Swiggy, the online food delivery start-up has appointed former Procter & Gamble (P&G) executive Vivek Sunder as first ever Chief Operating Officer for its business. Vivek will manage the company’s operating units with a responsibility to accelerate Swiggy’s mission of making the lives of consumers more convenient and hassle-free, ET Retail has revealed.…

Roha launches innovative solutions for stains on necks of beverage bottles

INDIA - India-based colors company, Roha, has launched an innovative solution to tackle the issue of neck ringing, the formation of the oily ring like stains on the necks of beverage bottles. According to FoodingredientsFirst, the company’s scientific experts have been working with clients in their labs and have revealed their so-called breakthrough product for the…

India to lease out state-owned dairy firm, Delhi Milk Scheme for 30 years

INDIA - The government of India has invited milk cooperatives to run the state-owned dairy firm, Delhi Milk Scheme (DMS) on lease for thirty years after reporting heavy losses since 2010. The proposal to lease DMS has been pending since the time of the previous government and with the new decision, it means it will…