Consumer Goods

Adani Wilmar eyes FMCG expansion, sets aside $1 billion for 3 acquisitions

Adani Wilmar is planning to purchase at least three brands specialising in spices, ready-to-cook foods, and packaged edibles

Nestle CEO joins line of consumer bosses felled by rising living cost

After eight years as CEO of the Swiss maker of Nespresso coffee and Purina pet foods, Schneider will be replaced by Latin America chief Laurent Freixe

Home convenience products, premiumisation trend fuel consumer goods' growth

Low penetration of major appliances presents expansion opportunity for industry

Festival season fuels temp hiring across industries, 700k new jobs expected

The festive season - which begins on August 19 with Raksha Bandhan through to Christmas and the New Year - is likely to see a boost in consumer spending, leading to a surge in temporary hires

From Dabur to Britannia, FMCG firms begin to see volumes growth revival

Companies expect the trend of rural outpacing urban to continue

Budget 2024: Consumer goods firms may see an upswing after year of lull

Announcements may put more money in hands of taxpayers boosting consumer demand

FMCG manufacturers say Q1 sales growth picks up as demand improves

Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country

Rural India will continue to outpace urban expansion in FMCG sales: Kantar

Rural India remains a "bright star" for the growth of fast-moving consumer goods sales and the region is expected to maintain better pace of expansion than urban areas in the second quarter of 2024, a report said on Friday. According to a report from data, insights and consulting firm Kantar, rural India will maintain "better growth levels" racing ahead of the urban markets for FMCG (fast-moving consumer goods) companies in the second quarter (April-June) of 2024. Terming the rural market as a "bright star", the report said it had a "resurgence" in 2024. While urban is likely to remain under stress, the rural may consolidate its position in second quarter of the year, it said. This growth in the rural areas is helped by region-centric measures by the government in the interim budget earlier this year, which provided stability. Moreover, populist measures are expected by some states which are going to face elections this year, said Kantar FMCG pulse report for Q2. "We should also b

Huawei's high-profile consumer boss Richard Yu moves to chairman role

Yu had been CEO of Huawei's consumer unit, which includes its smartphone business, since 2012

Consumer companies now shedding 'health' tag for powder food drinks

Hindustan Unilever (HUL), the highest market share holder in the nutrition category with Horlicks and Boost, has renamed its portfolio as Functional Nutrition Drinks

Patanjali Foods gets proposal to buy non-food biz from Patanjali Ayurved

The board of directors of Patanjali Foods discussed the initial proposal received from Patanjali Ayurved

RIL to boost homegrown Wyzr brand in Indian consumer electronics market

Mukesh Ambani's company aims to open its own manufacturing plants, expanding Wyzr's product range to include TVs, washing machines, refrigerators

Marico expects revenue growth in Q4 after three quarters of fall, shares up

Consumer goods makers have grappled with subdued sales in rural areas in recent quarters as people cut back spending on both essentials and discretionary items amid price pressures

Fall in other goods freight may put Railways 2030 target off track

Experts say the ministry should target unconventional sectors more aggressively

Tata Consumer to continue growing portfolio in pantry platforms and liquids

Krishnakumar added that when it looks at categories within foods it tries to see if those are the categories it wants to operate in

Reckitt's quarterly sales down after investigation into West Asia business

Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic

Consumer goods companies set for mixed sales as prices in US ease

The easing of prices came as U.S. consumer confidence increased during the quarter after months of decline, with Americans growing more optimistic about current and future business conditions

US import prices unchanged in December after two straight monthly decreases

Since March 2022, the Fed has raised its policy rate by 525 basis points to the current 5.25%-5.50% range

US conducted countervailing probe on certain Indian goods: MoS Commerce

The US has conducted countervailing investigations on certain Indian goods such as paper file folders, and common alloy aluminum sheet, Parliament was informed on Wednesday. The European Commission (EC) has also conducted a similar probe on certain graphite electrode systems, Minister of State for Commerce and Industry Anupriya Patel said in a written reply to the Lok Sabha. She said that the Indian government and the affected exporters have strongly defended the subsidy allegation against various programmes and schemes of the government, both at central and state level, in their written and oral responses during the conduct of investigations. "The products for which countervailing investigations have been conducted and a final determination of CVD (countervailing duty) has been made include Paper File Folders, Common Alloy Aluminum Sheet and Forged Steel Fluid End Blocks by US," she said. Countervailing duty is a country-specific duty imposed to safeguard the domestic industry ...

FMCG companies expand into adjacent categories that offer high growth

The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained