Page 15 - Fmcg Companies

Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom

In comparison, urban sales were up 5.5% month-on-month

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Muted volumes remain a concern for FMCG companies amid rising inflation

HUL reported volume growth of 6 per cent YoY in the June quarter

Marico Q1 net profit rises 3% to Rs 377 cr; revenue up 1.3% to Rs 2,558 cr

The company had posted a net profit of Rs 365 crore in the April-June period a year ago, Marico said in a BSE filing.

Godrej Consumer Q1 net profit down 17% at Rs 345 cr; revenue up 8%

FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter a year ago, GCPL said in a regulatory filing. The revenue from the sale of products of the Godrej group's FMCG arm was up 8.08 per cent at Rs 3,094.31 crore during the quarter under review, as against Rs 2,862.83 crore in the corresponding period last fiscal. GCPL's total expenses were at Rs 2,696.29 crore in Q1/FY 2022-23, up 13.64 per cent from Rs 2,372.65 crore in the corresponding quarter a year ago. "Our overall EBITDA declined by 13 per cent driven by unprecedented global commodity inflation, upfront marketing investments and a weak performance in our Indonesia and Latin America & SAARC businesses," GCPL Managing Director and CEO Sudhir Sitapati ...

FMCG volumes recover in urban India in April-June, decline in rural: Report

Customers buying smaller packs as both traditional kirana shops and modern supermarkets clock business: NielsenIQ

FMCG companies see strong growth in premium items: Kantar report

The report also said that small packs helped premium segments grow because aspirational buyers were willing to explore and try new brands

Parle Products remains most chosen FMCG brand for 10 years in a row: Report

The number of brands growing in terms of CRP improved in 2021 (70 per cent), over 2020 (56 per cent)

Nestle India Q2 net profit falls 4.3% to Rs 515.34 cr, net sales up 15.7%

FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Jyothy Labs Q1 net profits up by 18.7% to Rs 47.73 cr; sales up 13.7%

Home-grown FMCG firm Jyothy Labs on Monday reported an 18.73 per cent rise in its consolidated net profit at Rs 47.73 crore in the first quarter ended June 30, 2022

FMCG exports to make substantial contribution to ITC's growth: Sanjiv Puri

ITC launched 110 products in FY22 to mark its capacity for innovation, he says

Amul posts group turnover of Rs 61,000 cr in FY22 on milk & ice-cream biz

Post pandemic recovery results in addition of Rs 8,000 crore in annual turnover

Spices to soaps: Prices of consumer items have spiked up to 32% in a year

There has been a double-digit year-on-year increase in the prices of most spices, with branded coriander costing 16.9 per cent more in June this year than a year ago

Marico's India business volume declines in mid-single-digits in Q1

The company's Parachute coconut oil also recorded a marginal volume decline in the quarter

Ruchi Soya Industries renamed Patanjali Foods with effect from June 24

In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

Jyothy Labs Q4 net profit rises 35% to Rs 36.9 cr; revenue rises 10%

Its revenue from operations rose 10.42 per cent to Rs 546.71 crore during the period under review from Rs 495.11 crore in the year-ago period

FMCG, paint companies feel the pain as rupee slides to an all-time low

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes

Marico chief Harsh Mariwala is the EY Entrepreneur of the Year

Mariwala will represent India at the EY World Entrepreneur of the Year Award to be held in June