Consumer Goods Companies

FMCG distributors seek clause for collecting expired, damaged stock

In another letter to the government, the body alleged that damaged and expired FMCG goods are being sold via quick commerce platforms and stored in poor conditions

Rural demand, price hikes drive growth in consumer goods sector: NielsenIQ

India's rural areas - which account for just over a third of consumer goods sales have proven a bright spot

Two-thirds of sectoral indices still a premium to 10-year averages

Among the sectors commanding the highest premiums are infrastructure, utilities, and consumer durables

Consumer goods brands rush to grab eyeballs as pilgrims come for Mahakumbh

From putting products on display at stalls to setting up resting camps for pilgrims, consumer goods companies have been scrambling to showcase brands at Mahakumbh as devotees throng in record numbers to take a holy dip at Sangam -- the confluence of rivers Ganga, Yamuna and the mystical Saraswati. Top brands, including Dettol, Dabur, Pepsico, Coca-Cola, and corporate houses such as ITC and Reliance have set up camp ashrams, lined up their products, and are distributing samples and refreshments. The unmissable signage boards make one thing clear: the companies are expecting to make their presence felt in the coming days. The brands -- which have been facing headwinds owing to multiple factors led by rising prices and tepid sales in urban markets -- are taking the Mahakumbh as an opportunity to directly engage with the consumers -- especially the rural population -- and communicating with them through a host of special initiatives over 45-day-long events, in which about 40 crore peopl

Hindustan Unilever sees 10 of its brands at the sweet spot to go premium

In personal care, it said that four of its brands are in the Rs 1,000 crore category

UK based Vedanta Resources accepts $800 million in bids for dollar bonds

Citigroup, Barclays, Deutsche Bank, JPMorgan, and Standard Chartered Bank were the joint global coordinators and lead managers for Vedanta's dollar bond

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

Colgate, Pidilite, Britannia among Nuvama's top consumer bets; here's why

According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.

Home convenience products, premiumisation trend fuel consumer goods' growth

Low penetration of major appliances presents expansion opportunity for industry

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

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

Nivea India appoints Geetika Mehta as its new managing director

Mehta's last stint was at Hershey India for 2.5 years as managing director, and prior to that, she was at the country's largest FMCG firm, Hindustan Unilever, for 18 years

From hatchbacks to holidays, consumers ready to loosen purse strings

Consumer goods firms expect 40-50% growth in premium segment; hospitality industry expects heightened activity in coming weeks

India's consumer good shipments to Russia rise for 2nd month in Oct: Govt

During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product

More price increase unlikely this financial year: Britannia MD Varun Berry

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

Emami Sept quarter net flat at Rs 184 crore, pre-tax profit dips 18%

Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year

Patchy rains, inflation hit rural sales of FMCG companies: NielsenIQ

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ