Page 9 - Fmcg Companies

Top FMCG makers expect low to mid-single-digit volume growth in Q3

Leading FMCG makers are expecting a low to mid-single-digit volume growth in the October-December quarter, with an improvement in consumer demand on a sequential basis. Consumer demand from the rural market is lagging, though the urban markets stayed steady in the third quarter as exhibited in the September quarter, said leading listed FMCG firms such as Dabur, Marico and Godrej Consumer Products in their quarterly updates. Companies are optimistic of a gradual uptick as early signs of revival in consumption are visible with improving trends in volumes. Besides, the makers also expect expansion in the gross margins on a year-on-year basis helped by moderating inflation as prices of key inputs such as copra and edible oil prices remained at lower levels and crude derivatives also exhibited some downward bias. This will help FMCG makers channelise more funds towards advertising and promotions. "A significant portion of gross margin expansion will be channelled into enhancing adverti

Godrej Consumer expects to deliver mid-single digit volume growth in Q3

FMCG major Godrej Consumer Products Ltd (GCPL) on Friday said it is expecting to deliver a "mid-single digit volume growth" on a consolidated basis in the December quarter. In the domestic business, GCPL's organic business delivered steady underlying volume growth of mid-single digits and its inorganic business as Park Avenue and KamaSutra reported a double-digit volume growth. "Growth was broad-based across both home care and personal care. Park Avenue and KamaSutra brands continue to perform well and are on track to achieve full-year ambition," the Godrej Group FMCG arm said in a quarterly update on Friday. The company said its Indonesia business -- the second biggest market after India for GCPL -- continues to deliver "compelling performance" with close to double-digit volume growth and high-single-digit constant currency sales growth. "The GAUM (Godrej Africa, US, and Middle East) business had a flattish to mild decline in volume growth. This was driven by trade destocking in .

FMCG cos to witness low topline growth in Q3, volume growth to remain soft

Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter

Hershey Company appoints Luigi Mirri as general manager for India division

Global snacking firm Hershey Company on Tuesday said Luigi Mirri has been appointed as General Manager, India. Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. Mirri's appointment is from January 1,2024. "Both India and APAC play crucial roles in shaping our company's future. Our business in India, in particular, is growing, and is a strategically important market for the future. "Luigi's outstanding track record in steering growth for large enterprises, driving profitability, and turnarounds, will guide his leadership as we continue to tap our desired growth and unlock new potential," Rohit Grover, President (International) of The Hershey Company, said. Prior to joining The Hershey Company five years ago, Mirri was based in India with another confection company where he held key leadership positions and dedicated substantial time to business operations.

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

Tata Consumer Products in talks for acquisitions to expand globally: Report

CEO Sunil D'Souza hinted that the company would not acquire in the sector where there is already fragmentation like fizzy drinks and processed snacks

Nirma Ltd to raise upto Rs 3,500 cr for business growth, acquisition

The company has proposed to acquire Glenmark Life Sciences Ltd (GLSL) to diversify its business. The acquisition is likely to be funded largely through debt

Godrej Consumer starts price war in liquid detergents with new product

Godrej fab launched at Rs 99/ litre in South India

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

How Varun and Ghazal Alagh's Mamaearth became profitable D2C empire

Celebrating seven years of success, the company eyes future growth with a diversified portfolio and strong offline presence

HUL's growth checkout: Navigating the low-volume aisle in Q3 FY24

Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24

FMCG companies expand into adjacent categories that offer high growth

The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained

Swiggy appoints Anand Kripalu as independent director, chairperson of board

Kripalu holds a Bachelor of Technology in Electronics from IIT, Madras, and an MBA from IIM, Calcutta. He completed his Advanced Management Program at Wharton Business School

'Future-ready' HUL to split beauty and personal care biz on April 1

The beauty will transition into its beauty & wellbeing and personal care businesses and both divisions will have their own executive directors

Divergent trends in consumer spending: Auto shines, FMCG stumbles on demand

The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023

FMCG major Nestle India on track to launch plant-based protein products

'I am not looking to launch whole chicken or fish, but products more relevant to the Indian market,' Suresh Narayanan said, while refusing to divulge more details

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

Dabur expects Badshah Masala to grow sales, takes it to overseas markets

Homegrown FMCG major Dabur is taking its spice brand Badshah to overseas markets, expecting the brand it acquired last year to contribute around 4 per cent to international sales this fiscal, its CEO Mohit Malhotra said. The company is eyeing the diaspora markets of the US, UK and the Middle East and is in the process of getting regulatory approvals and upscaling manufacturing. Also, in the domestic market, Dabur has plans to take Badshah Masala to North, East and South besides expanding further in western markets of Maharashtra and Gujarat. "The business (Badshah) is growing and this year it should contribute around 3-4 per cent of our overall international business. We expect a high double-digit growth from here," Malhotra told PTI. According to him, overseas markets present a "big business opportunity" for Badshah, specially in the UK and US where there is a significant presence of Indian diaspora which consumes Indian spices. "We feel Badshah has a lot of scope in the UK and .

Patanjali Foods Q2 results: 126% jump in net profit, revenue drops 8%

The Food and FMCG segment achieved a revenue of Rs 2,487.62 cr in the second quarter, registering a ­5.4 per cent increase from the year ago period