Reliance FMCG: Firm will eventually be present across all categories; unlike other players pushing for premiumisation, it will focus on keeping its product prices low to cater to the masses
FMCG companies in India reported mixed earnings for the March quarter of FY23, with some companies showing strong volume and margin growth while others fell short of expectations. The sector is viewed as a defensive investment during uncertain times.
Key indices of the domestic equities market continued with gains for the second consecutive day, tracking mixed global cues. A possibility of a deal for the US
RCPL has also completed the acquisition of equity shares pursuant to the open offer made under SEBI Takeover Regulations and has taken sole control of LOTUS with effect from 24 May 2023, , RCPL, Lotus Chocolate Company, acquisition