Overall volume growth, the performance of the nutrition business and the movement in advertisement and promotion spend along with other expense are among key trackable for the quarter under review
Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant
The benchmarks were propped up by bargain-hunting in select frontline counters as well as supportive global cues, traders said.
Commodity inflation remains area of concern, say firms
In an update last month, Nielsen said the January-March 2021 period also looked strong.
The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth
Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
Companies are also looking for change in product mix and cost saving measures
Move follows tapering demand for hand-wash and sanitisers
Takes on Nestle, ITC in a Rs 4,000 cr market; first big launch after Maggi crisis
Key brands such as Maggi, Nescafe and KitKat posted robust growth in the Indian market in 2020, Nestle said in a post-earnings statement
While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter
The state of Maharashtra, Mumbai in particular, is seeing a surge in infections as normalcy returns.
The industry was helped by consumption-led recovery during the festive period
Sustained rural demand due to better rural economics driven by a strong kharif and rabi seasons, analysts at Sharekhan believe an over 9 per cent sales' volume growth may support overall numbers
ITC's FMCG business is expected to continue its growth momentum with higher growth in packaged foods categories, brokerages believe
FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it
The 10,000-crore company has also reformulated its Tetley green tea bag range in India with added Vitamin C and has relaunched it as Tetley Green Tea Immune
FMCG maker Godrej Consumer Products Limited (GCPL) on Tuesday said it has forayed into home cleaning products, a segment which is witnessing fast growth after the pandemic. The Godrej group firm would provide surface cleaning and disinfecting solution under its newly-launched brand Godrej ProClean, the company said in a statement. According to the marketing research firm AC Nielsen, the home cleaning products segment, which includes branded floor, toilet and bathroom cleaners, is estimated to be around Rs 2,600 crore. Moreover, due to increased awareness about cleanliness and hygiene, consumers are opting for home cleaning products and their preferences have also shaped the demand for durable, new-age products as against the traditionally used cleaners like phenyl. Commenting on the development, GCPL CEO India & SAARC Sunil Kataria said: "Indian consumers are becoming more hygiene conscious. Demand for cleaning products continues to grow due to consumer alertness concerning the ...
The stock touched Rs 420.50 this month, and is currently around Rs 405 levels