Parle targets bigger bite in snacks and other top FMCG news of the day

Round up of the major headlines that dominated the FMCG sector, nationally and internationally

Biscuits and confectionery maker Parle Products will launch new products in snacks and premium products categories next year as it looks to reduce dependence on biscuits segment for future growth.

The Indian FMCG sector, caught between slowing volumes growth and declining value growth, finds itself in a bind. A recent report by Nielsen India (Anticipate with analytics: The future of FMCG) on the industry says the successive years of slowdown (since 2008) have impacted growth and it is time that companies paid heed to it.

Pidilite Industries was up 2% at Rs. 576. The company has posted a net profit at Rs. 1,857.20 mn for the quarter ended December 31, 2015 compared with Rs. 1,243.60 mn for the quarter ended December 31, 2014.