edible oil prices

ITC becomes India’s largest FMCG company in food space; beats Adani, Parle, Britannia

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ITC becomes India’s largest FMCG company in food space; beats Adani, Parle, Britannia

ITC Ltd has emerged as the leading fast-moving consumer goods (FMCG) manufacturer in the foods sector in India, surpassing competitors Adani Wilmar, Britannia, Parle Products, and others, according to recent data from market tracker NielsenIQ shared by industry executives.According to the data from NielsenIQ quoted in an ET report, ITC recorded food FMCG salesof Rs … Read more

Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

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Patanjali Foods Q2 profit doubles as lower costs offset revenue drop

BENGALURU: Patanjali Foods on Wednesday reported a second-quarter profit that more than doubled as a slump in expenses outpaced falling revenue, dragged by lower edible oil prices. The Ruchi Gold oil maker’s profit rose to 2.55 billion Indian rupees ($30.63 million) in the quarter ended Sept. 30, from 1.12 billion rupees a year earlier. A … Read more