Some FMCG companies like Marico and others have already gone for price hike, while some which include Dabur, Parle and Patanjali are closely monitoring the situation

PM Modi invites global investors, says 'India is the place to be'; Haryana to bring 75% job quota for locals in private sector; China suspends special flights, entry of foreign nationals from India; cites spike in COVID-19 cases; Delhi govt bans firecrackers ahead of Diwali as coronavirus cases, air pollution rise. Watch this and more news on News Blast.Also Read: Branded biscuits, chocolates, juices preferred gifting options this year; Parle ramps up production

The consumers are also not too eager to loosen their purse strings in the current economic environment, as many have taken pay-cuts or even lost their jobs. Indians are also opting for home-made Diwali goodies and this has also resulted in a spike in demand for sugar, ghee and maida

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Coronavirus lockdown: ITC that sells biscuits under the Sunfeast brand said that their sales have been unprecedented. Hemant Malik, divisional chief executive, foods division at ITC saw unprecedented demand for its various offerings in the biscuits segment

Coronavirus lockdown: Some kirana shops have also started stocking the 1.68 kg packs that have 24 Maggi noodle cakes as they have run out of smaller packs. Demand for Maggi has surged 20-25 per cent over the pre-lockdown period

Not only Parle-G but other biscuit brands across price points such as Britannia's Good Day, Tiger, Bourbon, Marie, Milk Bikis, as well as Parle's Monaco, Hide & Seek and Krackjack have all witnessed scorching sales amid the lockdown

Flipkart to deliver in paper-based packaging instead of poly bagsFlipkart had earlier announced it would eliminate single use plastic in packaging. The idea was to move towards using 100% recycled plastic in its supply chain by March 2021. The firm has already reduced its new plastic consumption by 50% through different initiatives. One of its latest initiatives is to use eco-friendly recycled paper bags to replace the poly pouches for packaging of products.Delhi govt to assess po...

Mayank Shah, Category Head of Parle Products said that their overall market share has increased by 5 per cent and 80-90 per cent of this growth has come from the Parle-G sales

With availability of labour still a challenge due to large scale migration in the wake of coronavirus induced lockdown, the government must give relaxation to food firms to even use up to 100 per cent workforce in factories which are not in containment or red zones, Parle said

From partnering with cab aggregators, food delivery platforms and third-party supply chain firms, FMCG and retail majors have gone all out to ensure that their products reach consumers. A reinvention of traditional supply chain is on the cards

Coronavirus update: While the governments have asked companies to shut manufacturing units to cut down on the spread of coronavirus, manufacturers of groceries and essential products have been exempted

Coronavirus update: Closure of offices, malls, colleges, multiplexes by governments and directions to employees to work from home have boosted in-home consumption

The consumers shopped more frequently but purchased fewer products each time. The study added that the consumers spread their budgets to moderate their finances amid the economic slowdown

\"The Solid Cola #RolaColaIsBack\" positioning has got a \"mind boggling\" response, claims B. Krishna Rao, Category Head, Parle Products, who expects it to be a Rs 100-crore brand within the first year of relaunch

While Britannia is likely to introduce price changes by the next 3-4 months, Parle may hike prices be by the last quarter (January-March) of the current financial year

Parle Biscuits' total revenue rose by 6.4 per cent Y-o-Y to Rs 9,030 crore, with sale alone growing nearly 6 per cent to Rs 8,780 crore as compared to the previous year

Though the Manpasand scam came to light only this year, Mumbai-based 2Point2 Capital had raised a red flag about the company way back in 2016

While other beverage companies hire expensive celebrities to endorse brands, Dhirendra Singh, Chairman of Manpasand Beverages, settled for a modest Sunny Doel, who he believed had a tremendous fan-following in smaller markets where he sold his beverages

Modi is counting on companies to quickly relocate or expand and hire but many businesses will need the cash just to tide them over and won't want to take a risk when demand for everything from cars to biscuits has been hit.