Mother Dairy enters bread segment, aims Rs 25,000 crore turnover in next 5 years

Posted on 2020-07-30T15:29:09+05:30 - foods

Mother Dairy has launched three types of breads -- sandwich, brown, and fruit & milk -- in a price range of Rs 15-40 per packet. The breads will be initially available at its 1,800 milk booths and 'Safal' outlets in the National Capital Region (NCR).

Mondelez India sales declined in April and May but now growing at mid-single digit: Global CEO

Posted on 2020-07-29T13:04:28+05:30 - foods

"Will India go back to double-digit growth in the coming months? Maybe not, but if India delivers us a 6%, 7%, 8% topline growth, that's more than enough for us to keep on going on our plan," chief executive officer Dirk Van de Put said on an investor call after the US-based company reported a 2.5% decline in sales globally.

Fighting Coronavirus: Foods claiming to boost immunity under FSSAI lens

Posted on 2020-07-27T04:36:58+05:30 - foods

The Food Safety and Standards Authority of India (FSSAI) is looking into the veracity of claims by makers of such products and will take action accordingly, CEO Arun Singhal told ET.

Deadline to display 'best before', mfg date for loose sweets extended till Oct 1: FSSAI

Posted on 2020-07-24T21:54:38+05:30 - foods

Food safety regulator FSSAI on Friday extended by two months till October 1 the deadline for traditional sweet makers to display the 'best before' and manufacturing date of non-packaged sweets.

Unilever to create separate entity for global tea business, but will retain India and Indonesia

Posted on 2020-07-23T12:51:14+05:30 - foods

In January, Unilever announced a strategic review of its global tea business, which includes leading brands such as Lipton, Brooke Bond and PG Tips.

Pepsico to give refurbished laptops to frontline workers with kids, to help their education

Posted on 2020-07-22T14:49:41+05:30 - foods

The Covid-19 pandemic has shuttered schools, with many schools taking classes online as a result. However, the lack of good internet and access to laptops have acted as barriers in the way of children continuing their education. The laptops are meant to help workers' school-going children access online education.

General Mills local unit saw increased demand as shoppers increasingly 'Bake in India'

Posted on 2020-07-20T16:36:59+05:30 - foods

“Younger households are discovering there is a kitchen in the house. Also, a lot of celebrations are moving from outdoors to at home," Balki Radhakrishnan said in his first media interview after becoming the managing director of General Mills - Asia, the Middle East and Africa in February this year.

Higher demand of non-vegetarian food leading to increase in animal feed imports by 70%

Posted on 2020-07-17T20:44:26+05:30 - foods

Demand of oilmeal is rising year as the feed industry is growing at 8% to 10% per annum, while oilseed production in the country is more or less stagnant.

Covid Boom: Ready-to-cook food sales rise as India gives stay-at-home advise

Posted on 2020-07-17T08:13:17+05:30 - foods

In the three months to end-June, fresh packaged food brand iD Fresh Food has seen paratha sales rise by 60% compared with the previous quarter, while meat products and seafood brand Licious has seen a more than 300% jump in sale of ready-to-eat meat spreads, a two-fold increase sale of ready-to-cook kebabs, marinated meat and seafood.

Coffee Day Enterprises interim COO Nithin Bagamane resigns citing personal reasons

Posted on 2020-07-15T19:50:35+05:30 - foods

Due to personal reasons, Nithin Bagamane might not be able to devote his full-time and service to the company, and hence served his resignation as Interim Chief Operating Officer, CDEL said. His resignation is effective from July 14, 2020. However, Nithin Bagamane will continue as a member of Executive Committee and help the company.

Nitin Bagamane resigns as COO of Coffee Day Enterprises due to personal reason

Posted on 2020-07-15T12:12:53+05:30 - foods

“Due to personal reasons, Nitin Bagamane might not be able to devote his full-time and service to the company, and hence served his resignation as Interim Chief Operating Officer. However, he will continue as a member of Executive Committee and help the company,” CDEL stated in the stock exchange filing.

PepsiCo India beverages and snack sales fell by double digits in the past 12 weeks

Posted on 2020-07-13T21:34:59+05:30 - foods

The maker of Pepsi cola and Lay’s snacks said in its statement that in the Africa, Middle East and South Asia (AMESA) regions, its “beverage volume declined 25%, reflecting double-digit declines in India and Pakistan, a low-single-digit decline in Nigeria and a high-single-digit decline in the Middle East.”