Page 18 - Fmcg Companies

Wipro Consumer Care to sharpen focus on home care, go slow on hygienics

Move follows tapering demand for hand-wash and sanitisers

After honey, Marico gets into instant noodles under Saffola brand

Takes on Nestle, ITC in a Rs 4,000 cr market; first big launch after Maggi crisis

Nestle reports 'high single-digit' growth in 2020 on the back of key brands

Key brands such as Maggi, Nescafe and KitKat posted robust growth in the Indian market in 2020, Nestle said in a post-earnings statement

Nestle India Dec quarter profit flat, sales up 9% on strong domestic show

While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter

Nielsen predicts strong comeback for Rs 4.3-trillion FMCG industry in 2021

The state of Maharashtra, Mumbai in particular, is seeing a surge in infections as normalcy returns.

FMCG industry grows 7.3% in Oct-Dec, rural sales up 14.2%: Nielsen

The industry was helped by consumption-led recovery during the festive period

Britannia Q3 preview: Analysts see 20%YoY jump in PAT, 9% volume growth

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 hits over 11-month high in muted market; stock up 10% in a week

ITC's FMCG business is expected to continue its growth momentum with higher growth in packaged foods categories, brokerages believe

FMCG firms may hike prices to offset inflationary pressure on raw material

FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it

Tata Consumer strengthens wellness portfolio with sharper focus on immunity

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 major Godrej Consumer forays into home cleaning products

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 ...

Recovery in core portfolio, international biz boost Marico's share price

The stock touched Rs 420.50 this month, and is currently around Rs 405 levels

FMCG brass divided on Nielsen's market contraction forecast for 2020

Personal care majors say assessment of full-year contraction is fine, food firms indicate otherwise.

Protect, prioritse, pivot the new mantras as FMCG CEOs reboot for new year

Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage

India Inc expands direct reach, adds small packs to tap robust rural market

Experts say string focus on Bharat stems from good monsoons, higher MSP in some states, reverse migration and govt's overall welfare push in the villages

Opportunity in crisis: FMCG firms use pandemic to focus on volume, margin

Towns and rural areas have led the revival in FMCG segment since June, with the trend expected to last at least for the next two quarters.

Marico raises focus on digital brands, eyes more acquisitions after Beardo

Firm has seen share of its e-commerce sales within domestic FMCG business rise to 8% from 5% in one year, thanks to the restricted lifestyle of people

Zydus Wellness expects to continue growth momentum on back of new launches

FMCG firm Zydus Wellness is expecting to continue its growth momentum gathered post easing of lockdown and grow the business on the back of new launches

Bharat spurs growth of FMCG companies, but Urban India not far behind

Urban growth could stage a comeback by June quarter next year, say analysts; firms concur, saying growth divide could narrow in the future

Britannia trades nearly 1% higher ahead of Q2 nos; here's what to expect

Analysts at Edelweiss Securities estimate Britannia's revenue, EBITDA and net profit to jump 15 per cent, 31.8 per and 23.8 per cent year-on-year (YoY), respectively.