Page 4 - Fmcg Firms

FMCG sales slow on lower stocking; home care only category to report growth

Home care was the only category which saw growth on a year-on year basis in April at 11.2% however it was down sequentially at 20.9%

Marico reappoints Saugata Gupta as MD, Rajan Mittal joins as Ind Director

FMCG major Marico on Friday said its board has re-appointed Saugata Gupta as its Managing Director and Chief Executive Officer for another term of two years. Gupta's reappointment is effective from April 1, 2024. The board of Marico, in its meeting held on Friday, approved "re-appointment of Saugata Gupta as the Managing Director & Chief Executive Officer for a term of two years w.e.f. April 1, 2024 to March 31, 2026." He had joined Marico in 2004 as the Head of Marketing and was elevated to CEO of India Business in 2007. In 2014, he took over as Managing Director of the company. Besides, the company's board has appointed Rajan Bharti Mittal as an independent director for a term of five years, beginning from July 1, 2023 to June 30, 2028. Mittal is the Vice-Chairman of Bharti Enterprises, one of India's leading conglomerates with diversified interests in Telecom, Space Communications, Digital Solutions, Financial Services, Real Estate, Agri-Processed foods in addition to other ...

Nestle to Tata, big FMCG firms race to acquire maker of Ching's Secret

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India

The fast-moving consumer goods (FMCG) company will use the money to build more manufacturing capabilities

FMCG, dairy firms betting on strong double-digit sales growth in summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic with increased consumer mobility. This will also help the out-of-home (OOH) segment, where the companies expect a sharp rise in sales after a slump of two years. Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory. Mother Dairy, one of the leading sellers of milk, dairy beverage products and Ice creams, said it is already "witnessing a surge in demand" with rising temperature and expects the trend to continue in the coming days. "In line with the same, we have already beefed up our value-chain to cater to any surge in demand across channels. "For a category like ice creams, which is a

Royalty costs for benefit of all shareholders, not just Unilever: HUL CEO

'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'

Emami net profit up 7.8% at Rs 237.13 cr, says rural demand slowing

Domestic business grows one per cent in the quarter; international by 7%

ITC to acquire 100% shares of startup 'Sproutlife Foods' over 3-4 years

Sproutlife Foods Private Limited is a startup engaged in the manufacturing and sale of food products under the trademark 'Yoga Bar'

Dabur India promoters sell 1% stake through block deal to finance ventures

" The purpose of doing this transaction is to raise funds for financing some ventures in the private hands of the Burman family," the exchange filing said

Brokerages positive on Godrej Consumer on growth recovery, lower costs

Extent of margin gains will depend on extent of ad spends and price cuts

FMCG firms staring at muted revenue growth amid inflation, low rural demand

Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday. The report attributes the tepid revenue growth to the many price hikes the FMCG companies effected during the year to cushion the impact of surging input costs. Next fiscal too, the sector should see almost similar pace of growth as inflation is likely to remain high but will improve if prices moderate, the report added. The agen

Emami Sept quarter net flat at Rs 184 crore, pre-tax profit dips 18%

Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year

FMCG industry continues to witness consumption slowdown in Sept qtr: Report

The country's FMCG industry continued to witness consumption slowdown in the September quarter, with rural markets registering a higher decline in volumes compared to the three months ended June, says a report. Also, consumers continued to prefer purchasing smaller packets amid companies hiking prices in response to broader inflationary pressures, according to the report released by data analytics firm NielsenIQ on Thursday. The FMCG industry witnessed an overall volume decline of 0.9 per cent in the September quarter in comparison to the preceding three months. This was the fourth consecutive quarter with negative volume growth for the industry and is "attributed to the double-digit price growth for the past six consecutive quarters," the quarterly FMCG industry report said. Rural markets recorded a volume decline of 3.6 per cent in the September quarter in comparison to a decline of 2.4 per cent in the June quarter. "The consumption decline in the rural markets continues to be l

Top headlines: Fed hikes rate by 75 bps, Indian iPhone users to get 5G soon

From Fed rate hikes to deadlock over carrier's revival, here are the top headline for the day

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

Our Ebitda share from non-cigarette biz at 27%: ITC CMD Sanjiv Puri

As part of the ITC Next strategy, we are making sure that the organisation remains agile, nimble and consumer-centric at all times

Indian subsidiaries of FMCG giants outperforming their parent cos: Report

Covid-19 might have set the growth back by a few quarters but the FMCG sector has bounced back

Mother Sparsh gets second investment from ITC, eyes Rs 100 cr in Series B

Announcement comes on heels of Mother Sparsh's entry into the diaper segment with the launch of Plant-Powered cloth diapers. The firm had raised Rs 20 crore in Series A from ITC last November

Hindustan Unilever cuts prices of soaps, detergents after 2 years of hikes

Growth in volumes in the recent past was affected due to a significant surge in product prices

FMCG companies may see price hike-led revenue growth In July-September

Volumes to remain under pressure due to grammage reductions