Page 19 - Fmcg Companies

As Covid-19 reaches hinterland, is India's rural growth story getting over?

A recent report by Credit Suisse cautions that the spread of Covid-19 infections to Tier-III and -IV cities could stall the growth momentum

Khaitans likely to join hands with Burmans to run Eveready Industries

Promoters hope to ring-fence long-term interests of the firm via this partnership

HUL temporarily closes Haridwar plant after employees contract Covid-19

The company did not disclose the exact number of employees but reports say 33 workers have been tested positive

Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts

Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels

FMCG: After decade-low volume show in Q4, June qtr to see further pain

Q4 was weaker than demonetisation and GST times; Q1 could witness even more pain

FMCG: After decade-low volume performance in Q4, worst yet to come

Q4 was weaker than demonetisation and GST periods, and June quarter is expected to see further pain despite hopes from better rural demand

We're optimistic despite volatile biz climate, consumer sentiment: Marico

The distribution network also improved progressively during the quarter with the government gradually easing the movement of food and grocery items of daily use, the company said

Covid-19 crisis: HUL hints at margin pressures, higher operating costs

"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.

Not all consumers curtail spending on discretionary items, says HUL CMD

Chairman and Managing Director Sanjiv Mehta says the April-June period has been largely about restoring operations.

ITC and Nestle can't claim monopoly over noodle brands: Madras HC

The order was issued in a dispute filed by ITC alleging that Nestle India has used the expression 'Magical Masala' for its instant noodles brand Maggi in 2013.

Near-term outlook for FMCG sector 'extremely uncertain', says HUL

Hindustan Unilever Ltd is confident about medium to long-term growth prospects of the sector

Britannia: Overall business outlook expected to be robust going ahead

Stock hits all-time high on growth uptick in April, May

Capacity utilisation stands at 90% of pre-Covid levels: Hindustan Unilever

All its factories and warehouses are open, barring the one in Assam.

Britannia Industries profit before tax rises 1.6% to Rs 457 crore

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

PE players, FMCG companies betting on branded spices, condiments market

Most of the top spices and condiments companies in India, whether regional or national, have a range of masala mixes in their portfolio

Godrej Consumer will have to deliver on volumes for valuations to sustain

Firm sees momentum in key segments continuing this year

Lockdown-hit corn starch makers find silver lining in downstream pharma

Although pharma accounts for 10-15% of corn starch supplies, manufacturers are looking to partly make up for loss in production, as offtake has received some support from the crash in input corn price

FMCG capacity utilisation surges to 70-75% as lockdown curbs ease

The only exception here is Hindustan Unilever (HUL), the country's largest FMCG company, which is opearting at 80 per cent capacity utilisation.

Why ITC's Sunrise Foods deal is positive but unlikely to push up valuation

While the deal offers distribution and sourcing synergies, pressure on dominant cigarette business remains

India's FMCG market contracts 34% in April amid Covid-19 outbreak

Traditional trade sees bigger drop, says Nielsen