logo
Food sector has huge growth potential in eastern India, say industry leaders

Food sector has huge growth potential in eastern India, say industry leaders

News1802-08-2025
Kolkata, Jul 2 (PTI) The food industry has huge growth potential in eastern India, industry leaders said on Saturday, noting the existing challenges in the region.
Speaking at the inaugural session of International Kolkata Foodtech 2025, they said that while the east leads in the bakery segment, it continues to lag in the ice cream category.
Dream Bake CEO Nemisha Ghia called for the adoption of sustainable packaging, and urged stakeholders to explore how the region could take a leading position in the industry.
Bhikharam Chandmal Director Ashish Agarwal noted that although eastern India is a major consumer of sweets and namkeen, it is yet to emerge as a manufacturing hub.
Indian Ice Cream Manufacturers Association vice president Anuvrat Pabrai said there is significant growth potential in the ice cream market in the region.
'While the region currently accounts for only 15 per cent of the country's total ice cream consumption, compared to 35 per cent in the west and 25 per cent each in the north and south, the low base is viewed as an opportunity for rapid expansion," he said.
The B2B exhibition, being held at the Biswa Bangla Milan Mela Complex in Kolkata, will continue till August 4. PTI BSM SOM
view comments
First Published:
August 02, 2025, 17:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mercedes says top-end car portfolio continues to drive growth in volatile mkt
Mercedes says top-end car portfolio continues to drive growth in volatile mkt

Time of India

time43 minutes ago

  • Time of India

Mercedes says top-end car portfolio continues to drive growth in volatile mkt

Mercedes-Benz India on Tuesday said its top-end model range continues to drive growth for the automaker amid a volatile business environment. In an interaction with PTI, Mercedes-Benz India MD and CEO Santosh Iyer said that the overall domestic luxury car market growth is pegged at around 4-5 per cent year on year. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program He noted that demand is flattish as compared to last year for the industry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo "Considering all the geopolitical developments happening around us, the growth may not be there as much as what we have seen in the previous years, but it is still there," Iyer stated. For Mercedes, the top end vehicle and core segments continue to grow while the entry level vertical has de-grown, he noted. Live Events "With eight launches in 2025, our top-end luxury vehicle strategy has been very successful, garnering immense customer response and elevating the desirability of Mercedes-Benz in the market," Iyer said. "So yes, we are not seeing that double-digit kind of growth momentum that we saw in the previous year, but still, flattish to single-digit growth is there," he added. He noted that while there are some headwinds, the industry is also witnessing some tailwinds, which augur well for the growth in the coming quarters. Iyer cited GDP growth projections and record GST collections this year as some of the positive factors. "Obviously, macros are strong and they should not affect the fundamental position. But yeah, it's a volatile market, for sure," he added. The German Luxury carmaker on Tuesday launched AMG CLE 53 4MATIC+ Coupe priced at Rs at 1.35 crore (ex-showroom, India).

Nykaas parent firm posts 79% jump in profit to Rs 24 cr in June qtr
Nykaas parent firm posts 79% jump in profit to Rs 24 cr in June qtr

News18

timean hour ago

  • News18

Nykaas parent firm posts 79% jump in profit to Rs 24 cr in June qtr

Last Updated: New Delhi, Aug 12 (PTI) FSN E-Commerce, the parent company of fashion and beauty retailer Nykaa, on Tuesday reported a 79 per cent year-on-year rise in consolidated net profit to Rs 24.47 crore for the three months ended June 2025. The company had posted a net profit of Rs 13.64 crore in the corresponding period of the previous financial year. Total income rose to Rs 2,164.27 crore in the quarter under review, compared with Rs 1,753.44 crore in the April-June quarter of FY25, Nykaa said in a regulatory filing. The growth was driven largely by its beauty vertical, which registered a nearly 24 per cent increase in revenues to Rs 1,975 crore in the quarter under review from Rs 1,594 crore a year earlier. The fashion segment posted a 15 per cent increase in sales to Rs 171 crore from Rs 149 crore in the same period last year. 'This quarter's performance underscores Nykaa's ability to consistently balance growth and profitability across both our beauty and fashion businesses," Falguni Nayar, Executive Chairperson, Founder and CEO Nykaa, said. The company's Gross Merchandise Value (GMV) for the quarter grew 26 per cent year-on-year to Rs 4,182 crore supported by accelerated premiumization and deeper market penetration, she added. According to the company, the beauty segment's growth was supported by a young and informed shopper base, especially Gen Z and millennial consumers, who are purchasing more wellness products and services than older generations. Other factors included greater accessibility through digital marketplaces, direct-to-consumer platforms and e-commerce, as well as changing lifestyle choices, with more consumers adopting nutraceuticals as a preventive measure alongside traditional treatments. Also, Nykaa said its board approved the acquisition of the remaining 40 per cent stake in Nudge Wellness for Rs 14.26 lakh, making it a wholly owned subsidiary. Currently, Onesto Labs holds 40 per cent of Nudge and it will cease to hold any stake in Nudge upon closing of the transaction. The acquisition is subject to customary closing conditions and regulatory approvals. Shares of Nykaa settled 0.66 per cent higher at Rs 204.95 apiece on the BSE. PTI SP MR view comments First Published: August 12, 2025, 22:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Nazara Technologies Q1 net profit jumps 2-fold to Rs 51.3 cr
Nazara Technologies Q1 net profit jumps 2-fold to Rs 51.3 cr

News18

timean hour ago

  • News18

Nazara Technologies Q1 net profit jumps 2-fold to Rs 51.3 cr

Agency: PTI Last Updated: New Delhi, Aug 12 (PTI) Digital gaming and e-sports platform Nazara Technologies has reported a two-fold jump in its consolidated net profit to Rs 51.3 crore in the first quarter ended June 30. The company had posted a net profit of Rs 23.62 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations of Nazara Technologies almost doubled to Rs 498.77 crore during the reported quarter from Rs 250 crore in the June 2024 quarter. 'We are seeing early results from our sharpened focus on IP-led gaming and are reinvesting this momentum into expanding our IP portfolio and strengthening UA to drive sustained growth. 'We have also strengthened our leadership team with recent appointments bringing deep expertise in gaming," Nazara Technologies Joint MD and CEO Nitish Mittersain said in a statement. The gaming segment revenue increased over 2.5 times to Rs 240 crore in the first quarter from Rs 92.8 crore it posted in the corresponding quarter of the preceding fiscal year. The company's ad tech revenue jumped over fourfold to Rs 106 crore from Rs 25.67 crore on a year-on-year basis, while eSports revenue, comprising business from Nodwin and Sportskeeda, increased by 16 per cent to about Rs 154 crore from Rs 131.87 crore. 'The growth was led by strong performances from Fusebox, Animal Jam, and Curve Games, supported by the company's Centres of Excellence in User Acquisition and Analytics," the statement said. The company's board approved the sub-division of one equity share of face value of Rs 4 each, fully paid-up, into 2 equity shares of face value of Rs 2 each. Nazara Technologies also announced the issue of bonus equity shares in the ratio of 1 bonus equity share of Rs 2 each for every 1 equity share of Rs 2 each. PTI PRS PRS BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 12, 2025, 22:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store