Britannia joins breakfast war
Business Standard
Britannia Industries wants more than just bakery and dairy products on its plate. Its new range of Healthy Start mixes of upma (semolina), poha (flattened rice), porridge and oats is aimed to garner a slice of the breakfast market. Estimated at Rs 500 crore, the branded market for breakfast food in India comprises ethnic products such as dosa, upma and idli mixes, ready-to-fry parathas and acquired tastes like cornflakes, oats, muesli, cereal bars, fruit juice and various spreads. The packaged food market for breakfast is emerging as a heavily contested segment with Kellogg India, Marico, PepsiCo and MTR Foods flexing their muscles for some years now. Players such as Nestl and Amul have consolidated their hold with new products. Hindustan Unilever is reportedly testing its nutritional bread spread, Astra Gold, for the breakfast market.
http://www.business-standard.com/india/news/britannia-joins-breakfast-war/422713/
Wipro Consumer Care to market body lotions
Business Standard
The consumer arm of Bangalore-based Wipro Ltd may extend its Yardley franchise to body lotions, Vineet Agarwal, President of the Division, said. Currently, Wipro Consumer Care & Lighting (WCCL), which contributes nine percent to the parent's overall turnover, has soaps, talcs, deodarants, after-shave lotions and shaving creams under Yardley in India. "We are contemplating to get body lotions into the country to beef up the portfolio here," Agarwal said. Body lotions and body washes are part of the Yardley portfolio in West Asia, Agarwal said. "Indian consumers are slowly warming up to the concept here. So, yes, that option is open to us." Wipro will not be the first one to be getting into the space, viewed as a subset of the Rs 3,000-crore skincare market in India.
http://www.business-standard.com/india/news/wipro-consumer-care-to-market-body-lotions/422705/
GCPL consolidated net up 40%
Business Standard
Beating street estimates, Godrej Consumer Products Ltd (GCPL) has reported a higher-than average rise in net profit and net sales for the quarter-ended December. The consolidated net profit rose by 40 percent to Rs 118.82 crore, as against Rs 85.12 crore last year. Consolidated net sales, meanwhile, increased to Rs 980.40 crore, as against Rs 517.57 crore last year, up 89 percent. Analysts attribute the topline and bottomline growth to the series of acquisitions the company completed in the first half of this financial year. Within a few months, GCPL wrapped up five acquisitions, namely, Nigerian company Tura, Indonesian major Megasari Makmur, Sara Lee's 51 percent stake in the Indian joint venture Godrej Sara Lee, Issue and Argencos.
http://www.business-standard.com/india/news/gcpl-consolidated-net40/422704/
Stop ads that feed junk to children
Hindustan Times
Governments should crack on the advertising of junk food to children, recommended the World Health Organisation as part of a global strategy to tackle non-infectious diseases -such as obesity, heart disease, stroke, cancer and diabetes -that cause 90% of premature deaths in poor and not-so-poor countries such as India. For fat children make fat adults. The perception that 'puppy' or 'baby' fat disappears as children grow older is a myth that puts them at health risk in the near future, reported the British Medical Journal (BMJ) last year. While earlier studies have shown that excess weight during teenage years pre-disposes them to weight problems as adults, the BMJ study - which tracked 5,863 children to young adulthood - found that health problems hits them before their teens.
http://www.hindustantimes.com/Stop-ads-that-feed-junk-to-children/Article1-653553.aspx
Q&A: Adi Godrej, Chairman, Godrej GroupBusiness StandardMumbai-based Godrej Consumer Products Ltd (GCPL) reported good numbers for the quarter ended December 31. In conversation, GCPL Chairman Adi Godrej highlights his priorities for the fourth quarter. "Yes. Both domestic and international business grew well this quarter. Growth in net sales of the domestic business was close to 50 percent, while the international business saw nearly a three-fold growth during the same period. Our international acquisitions have played a role in helping us register good numbers this quarter. But it will be better in the fourth quarter, as the integration process we began a few months ago gathers steam." says Adi Godrej.
http://www.business-standard.com/india/news/qa-adi-godrej-chairman-godrej-group/422791/
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