Page 32 - Sharleen Dsouza

Companies feel the heat of an unusual summer; demand drops for coal, ACs

Unseasonal rain, high number of heatwave days upend business cycle of several sectors

Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr

The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players

PepsiCo sees high single-digit organic revenue growth in June quarter

Volumes declined in foods and it reporte low-single digit growth in beverages

HUL has the highest peneration in shampoos followed by soap bars: Kantar

The report also said that other interesting stories at the manufacturer level include the re-emergence of Patanjali

Revenue growth for FMCG companies to tamp down in April-June quarter

Some companies are yet to see pick-up in rural demand

Restaurants watching tomato prices closely, yet to increase prices

Another problem for restaurants is the availability, owing to the crop being damaged

No urban-rural divide in FMCG sales slump in Q1, shows Bizom data

Overall sales declined 4.6%; unseasonal rains play spoilsport

FMCGs demand remains stable in Q1FY24, Marico calls out rural stress

Marico says rural demand remained elusive in April-June

Vijay Sales to Rasna: Summer sales of beverages, white goods a damp squib

Godrej Appliances had earlier said it had cut production in June due to an inventory pile-up due to weak demand

Consumers' purchasing power may increase further, says Dorab Mistry

Adani Wilmar's non-exec chairman says firm investing in food processing capacity and expanding product portfolio to meet growing demand

Amid global challenges, India a silver lining: HUL's Nitin Paranjpe

He said there were five factors that would help India in its growth journey

Reliance Consumer Products to focus on expanding distribution reach

The company will set up a separate supply chain for its carbonated drinks business, Campa Cola, as it will require cold storage as well

Reliance Consumer takes its staples brand 'Independence' to North India

In May, RCP announced its entry in the western snacks category with the launch of Alan's Bugles in India marking its foray into the snacks segment

Rural demand growing very slowly after signs of revival: Wipro Consumer

Company expected demand to be much better due to low base last year. While volumes are back, growth is still in low single digits

Patanjali Foods launches 14 products to push its premiumisation strategy

Aims for Patanjali Group turnover to touch Rs. 1 trillion in 5 years: Baba Ramdev

Unseasonal rain curtails FMCG demand in May; rural segment grows 2.2%

Beverage sales were down 29.4% YoY in May; March-June accounts for over half of the annual demand

Future Enterprises invites expression of interest for assets across India

The last date of receipt of interest is set at June 25 and the provisional list will be out on July 5. The last date of submissions for objections of the provisional list is July 10

Tata Consumer has managed to tide over macro challenges: Chandrasekaran

During the year, the FMCG major has strengthened its core businesses and expanded its target addressable market and has also opened up opportunities for growth

Aditya Birla invests Rs 5,000 cr in jewellery biz, takes on Tata, Reliance

Group to open large-format exclusive stores across the country with its in-house jewellery brands

Margins remain a pain point for organised FMCG supply-chain companies

Experts say gross margins are low, with the last-mile supply chain and retailer not making money