Dabur, a well-known home-grown Fast-Moving Consumer Goods ( FMCG) company, is set to scale up its digestive brand, Hajmola and mosquito repellent brand, Odomos, as the power brands, CEO Mohit Malhotra said in the investor meet last week. Currently, Dabur’s FMCG portfolio includes nine distinct power brands, with eight in India and one in overseas […]
The government has reduced the permissible wheat stock for traders, wholesalers and large-scale retailers to 2,000 tonnes from 3,000 tonnes, with immediate effect. The move aims to curb the rise in prices, according to Sanjeev Chopra, Secretary of Food and Public Distribution. However, Processors can maintain the same quantity of stock as earlier. Chopra emphasised […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
India’s organised retail sector, accounting for approximately 12 per cent of total fast-moving consumer goods (FMCG) sales, witnessed its highest growth in six quarters, recording a year-on-year surge of 21.1 per cent during the April-June period, as per NielsenIQ data. This growth was fueled by a stable urban demand environment. NielsenIQ, the data insights and […]
Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore. The company said the decline in revenue during the quarter was reflective of a steep decline in edible oil prices. The food and FMCG segment recorded a strong revenue growth of 28 per cent year-to-year […]
Nestle India on Thursday reported a 15 per cent year-on-year (YoY) Profit After Tax growth at Rs. 698.3 crore for the second quarter of calendar year 2023. The company reported a revenue growth of 15.2 per cent YoY to Rs. 4,658.3 crore in Q2CY23, exceeding market expectations of Rs. 4,629.7 crore. According to the brand, […]
Toothpaste maker Colgate-Palmolive (India)’s quarterly profit rose 30.5 per cent on Wednesday, aided by improved domestic demand. Net profit rose to Rs 274 crore for the quarter ended 30 June compared to Rs 210 crore a year earlier. Steady rural demand pick-up and some ease in domestic retail inflation helped Indian consumer goods companies log […]
Mitra, a direct-to-consumer (D2C) and Fast Moving Consumer Goods (FMCG) brand has opened its Alwar Oil Plant. According to the company, it has imported advanced machinery from Germany, ensuring a no-human-touch manufacturing process. Subsequently, the decision to set up the plant was driven by market demand and the need to introduce new oils, including soya […]
Shares of Adani Wilmar are expected to be closely watched as the company announced a 15 per cent year-on-year decline in sales attributed to a significant drop in edible oil prices, despite a 25 per cent increase in volumes for the quarter. The edible oil and industrial essentials segments experienced a 15 per cent decrease […]
Revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent this fiscal 2023-24, a tad slower than the 8-9 registered in the past two fiscals, according to Crisil Ratings. Higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, […]
