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CIAN’s product range includes edible oils, spices, personal hygiene, home care products, and agricultural supplies. Their focus on eco-friendly alternatives is reflected in the successful international market realization of their health and personal care products.
The company plans to invest SAR 185 million over the next five years in warehousing, stocking, and human resources, with an expected revenue target of SAR 435 million during the same period.
Shares of ITC today have hit a fresh record high in the afternoon deals, also significantly lending support to the benchmark Nifty 50 in trade today.
On August 24, 2024, ITC celebrates its 114th anniversary, marking a remarkable journey since its inception in 1910. Originally established as the Imperial Tobacco Company of India Limited, ITC has evolved into one of India's largest and most diversified conglomerates.
Packaged consumer-product volumes dropped 1.8% in the December quarter, the second consecutive downfall, as companies inflated price tags to counteract growing input expenditure.
'While distributors are given 3.5-5 per cent margins by FMCG companies, new platforms negotiate 12-15 per cent margins which is disrupting the entire market,' says AICPDF.
On September 14, the Nifty 50 reached 17,410.95 with an alteration of 55.65, against the previous score.
The sectoral indices were combined with Nifty IT increasing by around 2.3 per cent, FMCG by 1.4 per cent and pharma by about 0.5 per cent.
Companies like Britannia, Nestle, ITC limited, Hindustan Unilever Limited have captured the lives and preferences of people and are expanding their businesses by inventing new and trending products.
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