Page 5 - Fmcg Firms

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

HUL, GCPL cut soap prices by up to 15% as raw material rates soften

FMCG firms Hindustan Unilever Ltd and Godrej Consumer Products Ltd (GCPL) have cut prices of some soap brands by up to 15 per cent amid palm oil and other raw materials turning relatively cheaper. HUL has reduced prices of its offerings under popular soap brands Lifebuoy and Lux by 5 to 11 per cent in the western region. Godrej Group arm GCPL, which owns soap brand Godrej No 1, has also reduced prices of soaps by 13 to 15 per cent. Analysts opine that the reduction in prices would help drive growth in volumes in the second half of current fiscal year, especially since overall demand remains sluggish due to high inflation. One of the reasons for the price reduction is the decline in global prices of palm oil and other raw materials, they added. Commenting on the development, GCPL CFO Sameer Shah said:" With commodity prices coming down, GCPL is one of the first FMCG companies to pass on the price reduction benefit to consumers." "For soaps specifically, GCPL has reduced prices be

Weak rural demand drags down FMCG sales in September, shows data

Bizom pointed out that rural sales were impacted in September due to excessive rainfall in some areas and weak rainfall in some other regions, thereby affecting agri yields and household incomes

Marico India business posts low single-digit volume growth in Q2FY23

FMCG firm Marico Ltd on Monday said its India business posted low single-digit volume growth in the second quarter of the ongoing fiscal. In a quarterly update, the company said demand sentiment in India trended on similar lines as the preceding quarter during most of the second quarter, with some signs of positivity in the last month. "With retail inflation holding firm, downtrading in rural (areas) was still prevalent during the quarter. Urban and premium discretionary segments continued to fare better," it said in a regulatory filing. The company's flagship Parachute coconut oil recorded low single-digit volume decline although "the brand witnessed improving trends towards the end of the quarter aided by the enhanced value proposition in the prevailing soft copra price environment". Value added hair oils grew in low single digits in value terms, mainly dragged by the subdued rural sentiment, it said, adding that Saffola oils recovered with high single-digit volume growth on a ..

FMCG companies ramp up supply chains, marketing ahead of festive season

FMCG sales in August grew by 6.3 per cent sequentially, according to the latest data from Bizom. Sales had been declining for the previous three months

Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom

In comparison, urban sales were up 5.5% month-on-month

After Patanjali, Reliance Retail could be the next big disruptor in FMCG

Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Top Headlines: Healthcare in PM's I-Day speech, SBI HR subsidiary, and more

In his ninth Independence Day speech from the Red Fort, PM Narendra Modi is expected to devote a considerable amount of time to ongoing and proposed initiatives in the health care sector

Muted volumes remain a concern for FMCG companies amid rising inflation

HUL reported volume growth of 6 per cent YoY in the June quarter

FMCG exports to make substantial contribution to ITC's growth: Sanjiv Puri

ITC launched 110 products in FY22 to mark its capacity for innovation, he says

Amul posts group turnover of Rs 61,000 cr in FY22 on milk & ice-cream biz

Post pandemic recovery results in addition of Rs 8,000 crore in annual turnover

Price hikes likely to drive FMCG firms' revenue in April-June quarter

Commentary to watch out for from consumer companies includes rural demand, overall demand impact due to high commodity costs, and volume growth

Godrej Consumer eyes double-digit domestic sales growth in Q1 of FY23

The firm, however, expects a mid-single-digit volume drop on a high base in the quarter

Urban FMCG sales see sharper fall than rural in June, shows data

Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities

Manufacturers protest ban on rigid single-use plastics, fear loan default

Industry grouse - 22 products have been banned although they are fully recyclable, while non-recyclable packaging used by FMCG firms have been let off

FMCG industry logs volume decline in Jan-Mar as consumption slows: Report

The FMCG industry saw decline in volume in the January-March period as consumption was impacted by price increases, especially in the food and essentials categories, said a report by NielsenIQ.

From soaps to biscuits, price hikes by FMCG firms may not dim the pain

According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs

Procter & Gamble names L V Vaidyanathan as CEO for India operations

Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President Grooming & Oral Care, P&G Japan and Korea, the company said in a statement. Currently he is leading P&G business in Indonesia as CEO where he has been "responsible for industry-leading growth and value creation for the company", it added. "Under his leadership, the Indonesian business has transformed to become value accretive for the parent company and has overtaken a formidable competitor in the market by turning around the share gap in the last four years," P&G said. An alumnus of IIM Ahmedabad, Vaidyanathan had joined P&G in 1995 as an intern and joined the India sales team straight from campus in 1996. He has experience of over 26 years across diverse ...

Varun Beverages appears set for volume growth as consumer firms struggle

Gains expected on the back of rising out-of-home consumption after two years of sluggish performance