PackMan’s weekly highlights: Expansion as the way forward
This week's highlights see companies upgrade and expand their product portfolio across the board — with Welspun’s latest investment in pipes, a new Cola, Irth’s transition to retail, and the overall growth of the pharmaceutical industry. Read on.
26 Sep 2024 | By Anhata Rooprai
Welspun to invest USD 100 million to upgrade pipe manufacturing
PackMan found out that Welspun Pipes has received board approval for an investment of USD 100-million to be able to upgrade its product portfolio. This upgrade will specifically apply to the high-frequency induction welding pipes’ manufacturing and coating capabilities in the USA.
Campa-Cola takes on Coke and Pepsi
Cola has a new contender on the battlefield, courtesy of Reliance Consumer Products (RCPL). In anticipation of the festive season, RCPL is launching its cola product at half the price of PepsiCo and Coca-Cola. PackMan has heard that this price war may intensify in the coming months because profitability and market shares are at play.
Titan sees 1,000-crore for accessories unit by FY 27
Titan’s bags and accessories arm, Irth, plans to open 100 stores by the financial year 2027. The brand’s first store in Mumbai’s Phoenix Palladium Mall will kickstart this retail expansion. Since the brand’s inception in 2022, it has reportedly garnered seven to eight per cent of the market share.
Pharma soldiers on
According to leading business portals, the pharma index is seeing some of the best-performing stocks this year. PackMan wagers that the growth of this sector comes from the stable pricing of generic drugs, shortages of medicine in the US market, and a consistent performance in the Indian market. New product launches add to the growth trajectory. Improvements in forex reserves will have exports see an eight to ten per cent increase too.