Page 2 - Consumer Market

Belgium's Verlinvest to double its bets in India's growing consumer market

The firm, which has over 2 billion euros in assets under management, counts brands such as vegan milk maker Oatly , coconut water seller Vita Coco, and pet products retailer Chewy in its portfolio

Private equity deals in India pick up after two years of decline

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Nike veteran Elliott Hill to replace John Donahoe as CEO; shares jump

Hill was at Nike for 32 years and held senior leadership positions across Europe and North America where he helped expand the business to more than $39 billion, the company said

Sharp import duty hike likely to impact margins of consumer majors

Some corporates may prefer to cut margins and absorb some impact to avoid hurting demand

Govt invites applications to fill 2 posts in NCDRC, sets Oct 16 as deadline

The government on Friday invited applications to fill up two vacancies for the post of members in the National Consumer Disputes Redressal Commission (NCDRC). NCDRC is a quasi-judicial body established under the Consumer Protection Act, 2019. The Commission is headquartered in New Delhi. The Union Ministry of Consumer Affairs has invited applications only through online mode. Applicants can apply from September 17, onwards through jagograhakjago.gov.in/ncdrc, an official statement said. The deadline for submission of applications is October 16 this year, it added. A search-cum-selection Committee, constituted under the Tribunal Reforms Act 2021 for recommending names for appointment to the said post, will scrutinize the applications. The qualifications, eligibility, salary and other terms and conditions of the appointment of a candidate will be governed by the provisions of the Tribunal Reforms Act and the Tribunal (Conditions of Service) Rules, 2021. The final selection will be

India's Consumer Market And The Hunt for The Next Billion Dollar Baby

By Poornima Vardhan and Taponeel Mukherjee

China's CPI rises to 0.6% due to weather disruption, PPI stuck in deflation

Extreme weather this summer from deadly floods to scorching heat has pushed up farm produce prices, contributing to faster inflation

From Parle Products to Dabur, consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

AlphaVision Management Consultant LLP Set to Transform Indian SME & MSME Landscape with IPO and Strategic Fund Raising Solution

.

UK regulator reverses decision, no in-depth probe of baby formula mkt

The cost of baby milk formula was in the spotlight during Britain's inflation-driven cost of living crisis, with media reports saying that some struggling parents had resorted to watering it down

Urban consumer sentiment at a 60-month high; rural areas less optimistic

Rural consumer sentiment is at its lowest level in FY25

Consumer sentiments highest in at least 62 months, shows CMIE data

Index of Consumer Sentiments index is at its highest level since at least March 2019

Cipla Health signs agreement, strengthens beauty play with Ivia's brands

Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz

Operating conditions remain subdued, Africa sales sting: Godrej Consumer

Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, the company said

NCDRC dismisses govt's 2015 plea against sale of Nestle's Maggi noodles

The DoCA had alleged that the company had indulged in unfair trade practices by manufacturing and selling hazardous and defective goods to the public

BS Manthan: Can't have one-size-fits-all trade policy, says Piyush Goyal

Speaking about free-trade agreements (FTAs), he said India was in dialogue with the European Union (EU), the United Kingdom (UK), Peru, Chile, and some countries in the Gulf Cooperation Council (GCC)

KFC India operator Devyani posts slow Q3 revenue growth at 7%, costs spike

"Consumer sentiment remains subdued, despite Q3 traditionally being a strong and festive quarter," Chairman Ravi Kant Jaipuria said in a statement. This, coupled with total expenses jumping nearly 16%

Optimistic about overall growth prospects, good demand ahead: Pidilite MD

Rural and semi-urban markets are growing 1.5 times faster than the urban market for Pidilite Industries, helping it register a double-digit volume growth and it sees positive demand environment in the last quarter also, says its Managing Director Bharat Puri. The company achieved a double-digit volume growth in the first three-quarters of FY24 and Puri expects to continue the momentum with a broad-based growth across categories. "We see a good demand environment, government spending on infrastructure, the housing sector and real estate is seeing an upsurge. So, overall we remain optimistic about the overall prospects of our sector," said Puri in a virtual media roundtable. Pidilite, which passed on the benefits of lower-cost prices to consumers, does not see any disruption in the supply chain from the geopolitical crisis, which is brewing in the Middle East. "Fortunately for us, most of our raw material comes from the East rather than from via the Red Sea. Right now, raw material

Television may cost 10% more as prices of open cells continue to increase

The retailer said some manufacturers might pass it on in a staggered manner as they also sit on some amount of inventories

As consumer credit grows, India's lending boom can be safer, if not slower

For lenders, however, the problem with adding new borrowers is the incremental cost