Page 3 - Consumption

Result preview: FMCG revenue, volume likely to log modest rise in Q2

Rural may outpace urban; rain plays spoilsport for out-of-home consumption, beverages: Analysts

P&G investing in quick commerce as convenience drives consumption

India emerging as destination with most evolved supply chain know-how, says CEO

India's per capita to income to increase by $2,000 over 5 years: Sitharaman

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

Consumption to revive in coming qtrs, e-commerce to drive growth: Bata CEO

Terming "sluggish consumption" as "temporary", leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India Managing Director and CEO Gunjan Shah. The company expects e-commerce, which is now a "profitable and viable business, to be its growth driver as it has been expanding online sales through its portal and channel partners. Besides, Bata as part of its strategy to attract new generation buyers is also investing in store renovations to become more appealing and trendy and in new relevant products with affordable propositions to increase its play further. Young buyers account for around 40 per cent of its transactions. Moreover, it would also expand its apparel range to 200-plus stores from 70 stores at present. It will also add 13 exclusive outlets of its athleisure Brand Power' to take the total count to 15 by the end of 2024, said Shah. The company is also investing in technology transformation on ...

IMF's Gita Gopinath says India could become 3rd largest economy by 2027

India's growth was much better than IMF expectations the last fiscal year and those carryover effects are affecting our forecast for this year, said Gita Gopinath

Best of BS Opinion: Safety essential for sustainable growth and more

Here is the best of Business Standard's opinion pieces for today

Consumption tailwinds

A raft of factors can whet spending propensity

Home consumption's bill of entry can be substituted with 1 for warehousing

Any option for making supplies without GST payment is not available for such deemed exports

Demand recovery hopes, valuations to support Hindustan Unilever stock

The FMCG sector is hoping for demand recovery with hopes of a better monsoon helping rural demand and expectations of a pro-consumption Budget

Singapore Food Agency approves 16 species of insects for human consumption

Singapore's food watchdog on Monday said it has approved some 16 species of insects like crickets, grasshoppers and locusts for human consumption, adding to the internationally-renowned menu of global foods including Chinese and Indian dishes in the multi-ethnic city-state. The much-awaited announcement comes to the delight of industry players who have been gearing supply and catering in Singapore to insects grown in China, Thailand and Vietnam, The Straits Times newspaper reported. The approved insects include various species of crickets, grasshoppers, locusts, mealworms and silkworms. The Singapore Food Agency (SFA) said that those intending to import or farm insects for human consumption or livestock feed must meet SFA's guidelines, including providing documentary proof that the imported insects are farmed in regulated establishments with food safety controls and are not harvested from the wild. Insects that are not on SFA's list of 16 will have to undergo an evaluation to ensur

K-shaped recovery keeping retail real estate on its toes, say experts

Consumption by a wider section of society needed, they say

ITC adds 68 crorepati employees in FY24; 24.11% increase from last year

The addition in the eight-figure bracket reflects the scale of ITC's operations and spread in newer categories

US inflation cools in May; consumer spending rises marginally by 0.2%

In the 12 months through May, the personal consumption expenditures price index increased 2.6 per cent after advancing 2.7 per cent in April

The new tale of two Indias

There are two distinct political narratives in the country today--one giving voice to an "aspiring India" and the other to a "hopeless India". Both factions have their work cut out

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

Needed: A data sensitisation blitz

What changed in the Household Consumption Expenditure Survey 2022-23 - and did it deliver?

Share of conveyance spending witnesses sharpest increase: HCES data

Transportation costs have also gone up and people are on the move for all sorts of reasons

Japan's economy contracts, complicating Bank of Japan's rate hike plans

Private consumption, which accounts for more than half of the Japanese economy, fell 0.7 per cent

FMCG firms expect volume-led growth in FY25 with improvement in revenue

Leading FMCG makers expect a volume-led growth in FY25, with a revival in consumption supported by a lower inflationary environment, projections of a normal monsoon and good rabi crop. Companies such as Britannia, Marico, Dabur, GCPL and HUL in their latest March quarter earnings also expect a revenue growth in the new financial year as the deflationary cycle is over. The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24. Besides, they expect a gradual uptick from the rural market, which contributes over one-third FMCG sales in the country. For Dabur a volume growth will be the way forward in this fiscal, said its CEO Mohit Malhotra in an investor call. He remains optimistic of the gradual uptick in consumption trends in FY25 and expects a mid-to-high single digit volume growth considering a normal monsoon, improving macroeconomic indicators, government spendi

Inflation still high and focus on minimising risk, says RBI report

Indicates 'significant per capita income shifts' underway