The maker of Nescafe coffee and KitKat chocolate said it would plant 200 million trees over the next decade to help farmers and suppliers in shifting toward regenerative agriculture. The company further said it is taking measures to halve its emissions by 2030 and achieve net zero emissions by 2050.
A statement by Hatson said the milestone makes it the largest private dairy retail player in the industry. HAP Daily, the retail arm of Hatsun Agro, sells milk, milk products and ice-creams under the Arun brand at convenience stores.
The market is fast moving from generic all-in-one toothpastes to more need-based offerings such as whitening, mint & herbal flavours, and those that address sensitivity. This is in line with global trends where specialty toothpastes are being developed, while some have been repositioned in the beauty/lifestyle category.
The lockdown during the first quarter hurt most segments but was good for companies such as Britannia, analysts had said. During the early part of the shutdown, purchases were confined to essentials, including the biscuits, bread and dairy products that the company makes.
Nielsen has lowered its earlier forecast of flat growth due to factors such as accelerating inflation and the first-quarter FY21 economic contraction. It had earlier predicted an expansion of 9-10% before the Covid-led lockdown had begun, which was later scaled down to an expansion of 5-6%, and subsequently to flat growth in July.
As many as 9,700 products and variants entered the Indian FMCG market between April and September – the highest ever -- jumping by 35% from a year ago period according to the latest data from market researcher Nielsen.
Aerated drinks, including soft drinks concentrates, witnessed decline in production by 52.2%, following mass shutdowns of soft drink hotspots - hotels and restaurants, malls and cinemas, pubs and bars, live events, airlines and travel, the CARE report said.
The growth witnessed in the fast-moving consumer goods (FMCG) sector was also a reflection of positivity witnessed in the overall macroeconomic scenario amid opening up of the economy and easing of lockdown restrictions.
The fine was decided after the DGAP conducted an investigation against P&G Home Products, P&G Hygiene and Healthcare and Gillette India for profiteering during the period between November 2017 and September 2018.
The company has tied up with NGO Breakthrough to deliver on-ground training in the country as part of its 'Stand Up' initiative, which has already been launched in various countries like France, Spain, Italy and Mexico.