&w=3840&q=100)
QSRs eye a bigger bite of FMCG pie, firms speed up expansion plans
Packaged foods become QSRs' new flavour; retail shelves and exports open up
Akshara Srivastava New Delhi
Listen to This Article
Home-grown quick-service restaurant (QSR) chains in India are dialling up expansion beyond restaurant services, solidifying their presence in the fast-moving consumer goods (FMCG) space.
Kolkata-based Wow! Momo recently expanded its FMCG presence with the launch of cup noodles in March this year — a segment that quickly clocked ₹1 crore in revenue.
'When we started FMCG with frozen momos, the competition was grossing almost ₹5 crore. Over two years later, we are grossing almost ₹5 crore, while the competition is grossing ₹7.5 crore in revenue. We have come a long way,' says Sagar Daryani, cofounder and chief executive officer of
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
8 minutes ago
- Time of India
Stablecoin firm Circle scales record high after blockbuster NYSE listing
Stablecoin issuer Circle Internet 's shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The New York-based company's stock touched as much as $117.45, more than triple its offer price of $31 and valuing the company at $30.5 billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What to Know Before Buying Health Insurance in 2025 Search7 Learn More Undo "This is big enough that it extends beyond crypto ," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. Wall Street executives also struck an optimistic tone on Thursday at an industry conference, emphasizing that markets were ready for the right companies. Live Events NYSE President Lynn Martin said Circle's IPO was a bellwether for the IPO market this year and not just for crypto listings. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Investors are also realizing that the uncertain environment is going to be relatively persistent and focusing on putting their dollars at work, Nasdaq CEO Adena Friedman said. "This is the latest sign of building momentum in the IPO market. We'll likely continue to see moderate activity over the next month, but there is still some tariff uncertainty on the horizon, which is why we're expecting more of a full IPO rebound in the fall," Kennedy said. Digital banking startup Chime is poised to go public in New York next week. Sixth Street-backed cancer diagnostic firm Caris Life Sciences, private equity-backed debt buyer Jefferson Capital and Florida-based Slide Insurance have also joined the IPO pipeline in recent weeks.
Business Standard
an hour ago
- Business Standard
Hinduja Family Philanthropy: 250% Crop Yield Surge with Watershed Initiatives
VMPL New Delhi [India], June 6: Small farmers in rural West Bengal's core are experiencing a dramatic change due to the efforts of water management by the Hinduja Foundation (philanthropic arm of the Hinduja family). This farsighted plan has remarkably enhanced agricultural productivity, thereby creating an astonishing 250% increase in crop yields in a very short span of time. This outstanding achievement is the outcome of focused watershed interventions, designed in partnership with the Ambuja Foundation, that have been made to enhance water supply, improve soil health, and empower local farmers to escape the poverty cycle. The Power of Watershed Interventions For decades, farmers in West Bengal's Murshidabad district have coped with unpredictable rainfall and water shortage, severely constraining their capacity to cultivate high-value crops and maintain their livelihoods. Seeing the prospect of rewriting this story, the Hinduja Foundation introduced a series of watershed interventions to maximise water use and improve agricultural resilience. These were check dams, river lift irrigation schemes, or rainwater harvesting works designed according to the specific measurements and climatic characteristics of the local area. These systems cover more than 400 ha of cultivated land, which is an astonishing number in itself. Transforming Rural Livelihoods The numbers speak eloquently enough. Farmers have testified to stepped-up cropping intensity in the region by an incredible 250%, allowing them to raise more than one crop per year and their revenues manyfold. The average annual income per acre has gone up from Rs25,000 to Rs150,000, making farming a more and more remunerative and sustainable occupation. Prakash Hinduja, the managing trustee of the Hinduja Foundation, emphasized the significance of this initiative: "At the Hinduja Foundation, we are committed to making a sustainable development impact long after we have departed. We build rural empowerment and resilience, as demonstrated by our programs in Murshidabad." Building a Sustainable Future In addition to the economic advantages, watershed projects provide long-term environmental benefits. This project helps restore nature's ecological balance, making agriculture more sustainable in the long term with the prevention of soil erosion, recharge of aquifers, and enhancement of total water-holding capacity in the region. Switzerland-based Prakash Hinduja reinforced this by stating, "Water is needed for farming, and our activities are intended to enhance productivity while making farmers successful sustainably. This exactly suits our family vision of developing long-term value for communities." A Model for Pan-Indian Impact The Hinduja Foundation's work in Murshidabad is more than a local success story. It is a scalable model for similar interventions across India, particularly in regions facing water stress and climate challenges. By building the infrastructure for effective water management, the foundation is laying the groundwork for a more resilient nationwide agricultural sector. "We are envisaging a better future for all farmers in India," said Prakash Hinduja. "We are supporting innovations in water management technologies to enhance farmers' local community productivity, incomes, and resilience. This is the essence of the commitment to sustainable development embodied by the Hinduja Family." With the world tackling the acute water scarcity and global warming crises, Hinduja Foundation's West Bengal program presents a shining example of agriculture in the India of the future: one of sustainability, rural strength, and rich harvests that last.
Business Standard
an hour ago
- Business Standard
G.C Chemie Pharmie: Four Decades of Innovation and Trust in Pharmaceuticals and Nutraceuticals
India PR Distribution Mumbai (Maharashtra) [India], June 6: G.C Chemie Pharmie Pvt. Ltd. (GCCPL), a pioneer in India's pharmaceutical, nutraceutical, functional foods, and biopharmaceutical sectors, proudly celebrates over 44 years of innovation and service excellence. Founded in 1981 by visionary entrepreneur Gautam Shah, GCCPL has evolved into a globally connected and innovation-driven enterprise known for its commitment to trust, transparency, and quality. What began as an API trading and distribution firm has transformed into a diversified pharmaceutical powerhouse. GCCPL's impressive timeline of achievements includes: - 2009/2010: Acquisition of Eagle Chemical Works, establishing its own API manufacturing capabilities - 2009: Release of its first vaccine, marking a significant milestone in biopharmaceuticals - 2010/2011: Launch of its P2P division, introducing affordable medicines to the Indian market -2018: Entry into the sports nutrition space - 2022: Creation of a preventive healthcare division with a focus on gynecology and orthopedics - 2023: Establishment of a dedicated vaccine division to expand immunization solutions Driven by a mission to lead through innovative thinking and technology adoption, GCCPL delivers tailored solutions across pharmaceutical, nutraceutical, and functional food categories. The company continues to differentiate itself through its strong regulatory acumen, cutting-edge R & D, and a global network of manufacturing and distribution partners. "At GCCPL, innovation is not a buzzword--it's the foundation of our growth strategy," said Founder and Chairman Gautam Shah. "We're proud to be one of India's few private companies to bring the pneumococcal vaccine to the domestic market, second only to Pfizer." Recent product highlights include UC-II®, a patented undenatured type II collagen supplement, and Pylopass™, a breakthrough strain-based probiotic--both showcasing GCCPL's commitment to introducing clinically backed, innovative health solutions to India. With a sterling reputation for regulatory compliance, deep market research, and financial integrity--as affirmed by CRISIL's highest rating A2+ GCCPL stands as a trusted partner for businesses and healthcare providers seeking reliable, next-generation healthcare products. About G.C Chemie Pharmie Pvt. Ltd. Founded in 1981, GCCPL is an Indian-based pharmaceutical and nutraceutical company with a global footprint. Known for its reliability, innovation, and commitment to quality, GCCPL offers customized, technology-driven healthcare solutions to meet the evolving needs of today's market. The company maintains a strong presence in vaccines, preventive care, functional foods, and advanced supplements.
