The shift towards affordable indulgences can be seen in various sectors. For example, during a slowdown, consumers gravitate towards affordable packaged foods like instant noodles, biscuits, and chips instead of expensive gourmet items.
Mishtann Foods, a small-cap FMCG stock backed by Nomura Singapore, has been rising for four days, bucking the trend of an otherwise weak Indian stock market
In FY23, the company that sells Tata Tea and Salt, posted a 11% jump in consolidated revenue to ₹13,783 crore. Overall, India business was up 10% led by its foods portfolio.
Godrej Consumer Products Limited (GCPL) Monday announced the appointment of Aasif Malbari as its Chief Financial Officer (CFO), with effect from August 10, 2023