Page 11 - Fmcg Companies

From Dunhill to Roberto Cavalli: 24 global brands to enter India this year

In the last few months, McLaren, Valentino, and Balenciaga, among several others, have debuted in India

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

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

Food and beverage industry bites into NFTs, but is it late to the party?

Nestle is also doling out NFTs, as are restaurants, cafes and alcohol brands, but will people dip into this growing digital platter?

Unilever CFO Pitkethly to leave company by May 2024 as inflation worsens

The announcement of his departure comes as Unilever, like the rest of the consumer goods industry, is grappling with significant cost inflation and pressure on its margins

Mondelez International names Samir Jain as president of India business

Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years

Godrej Consumer Q4 results: Consolidated profit up 24.5%, revenue rises 10%

In FY23, however, the company's profit was down 4.5 per cent to Rs 1,702.46 crore

ADF Foods' net profit increases by 72% to Rs 20 cr in March quarter

FMCG company ADF Foods Ltd on Monday reported a 72 per cent rise in its standalone profit after tax to Rs 20.30 crore for the March 2023 quarter on account of higher revenues. It had reported a PAT of Rs 11.80 crore for the year-ago quarter, the company said in a statement. The company's revenue from operations surged 19 per cent to Rs 98.2 crore from Rs 82.4 crore in January-March FY22. The board has recommended a dividend of Rs 5 per share for the financial year ended March 31, 2023. On a business update, ADF Foods said its greenfield expansion plan for frozen food capacity is expected to kick off in the second quarter of FY24 and be complete in 12-18 months. ADF Foods Chairman & Managing Director Bimal Thakkar said, "Our flagship brand Ashoka remains a top Indian food brand in stores across the US, UK and Asia Pacific, thanks to our dedication towards traditional recipes and high-quality ingredients. Our planned expansion in Surat will unlock further frozen food production ...

FMCG sales slow on lower stocking; home care only category to report growth

Home care was the only category which saw growth on a year-on year basis in April at 11.2% however it was down sequentially at 20.9%

Rural demand has come back, but El Nino a worry: Adani Wilmar MD & CEO, CFO

'In the commodity business, it is volume that matters. We have grown 16 per cent annually'

Nestle India net profit up 24.7 per cent in January-March quarter

KitKat, Munch sweeten the quarter for the firm; Nescafe also packs a punch

Nestle India net profit jumps 23.9%, all products see double-digit growth

Nestle India declared an interim dividend of Rs 27 per share

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said

Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments

The firm's India business grew 17%, while the Malaysia personal care biz grew over 20% and Vietnam crossed $100 mn in revenue, with double-digit growth

Saj Food Products likely to touch a revenue of Rs 2,500 cr in FY24

Biscuit maker Saj Food Products, which is expecting to touch a revenue of Rs 2,500 crore in the 2023-24 fiscal, is eyeing at Rs 5,000 crore turnover in five years, a company official said on Tuesday. The Kolkata-headquartered company, which owns Bisk Farm' brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore. "We are aiming at Rs 5,000 crore of revenue in the next five years. The company expects to touch a turnover of Rs 2,500 crore in the next fiscal, Saj Food Products managing director Vijay Kumar Singh told reporters here. The biscuit maker is trying to expand its distribution network in the east, south and north of the country for achieving a higher revenue next fiscal, he said. The company, currently, has six plants - four in West Bengal and one each in Nagpur and Bangalore. We are building our new plant in Guwahati at an investment of Rs 200 crore and it will be operational by the January-March quarter of 2024, Singh said. The company

For summertime business, food products firms flock to rural India

Dabur said that a long summer would be good for products, particularly its beverages and glucose portfolio

FMCG demand goes up in February, as stores stock up for summer

Demand in South India, however, still remained slightly weak as summer stocks are yet to be replenished

Adani Wilmar Q3 net rises 16% to Rs 246.16 cr on back of margin expansion

Adani Wilmar, which receives over 80 per cent of its revenue from edible oils, saw a 4 per cent jump in it to take the tally to Rs 12,581.21 cr

FMCG makers see shoots of revival in rural mkt, increase marketing spends

Major FMCG companies feel the demand slump has bottomed out and there are green shoots of recovery in the rural markets, which has been under stress since the last few quarters. With abating commodity price pressures, firms such as HUL, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami expect a gradual recovery in consumption going forward and are increasing upfront marketing investments in advertising and promotion (A&P). In the third quarter ended December 31, 2022, the companies reported growth in the urban markets. Modern trade channels and e-commerce also posted growth. But FMCG sales from traditional trade channels such as kirana stores were flat. Rural markets, which contribute around 35 per cent of FMCG industry sales, were still sluggish in Q3. However, the companies said they are witnessing signs of improvement on the back of encouraging winter crop sowing, indications of higher farm income and continued government stimulus. Home-grown firm Dabur said the ...

FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ

Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ