FY23 Witnesses 8% Increase in FMCG Sales, Electronics Elevates by 25%
In FY23 ended on March 31, sales of daily necessities, groceries, etc. increased by 8%, whereas sales of electronic products experienced a significant surge of 25%.
Tata, ITC And Other Big FMCG Players Are Gearing Up For The Race To Acquire Capital Foods
Tata, ITC, Nestle, Kraft Heinz, and Nissin Foods are among the potential bidders. Bloomberg had earlier said that Nestle was in talks with Capital Foods' management about a prospective acquisition that would likely value the company at above $1 billion.
Reliance Industries To Stir Price War With Its FMCG Push
Mukesh Ambani-led Reliance has now entered the FMCG personal and home care sector. Industry experts are anticipating a price war as a result of the company’s aggressive efforts to swiftly boost distribution for a task that normally requires years while entering the household goods market.
