Page 6 - Fmcg Firms
Consumer goods companies continue to lose out to other sectors on bourses
Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low
 "Consumer goods companies continue to lose out to other sectors on bourses")
We want to be stronger before going for IPO: CavinKare's Vijayaraghavan
In a Q&A, the company CEO, in charge of the FMCG business details about pricing pressure, cartelisation issues in the raw material space and the company's roadmap, going ahead
 "We want to be stronger before going for IPO: CavinKare's Vijayaraghavan")
Well-positioned to handle challenges of another Covid wave: Dabur India
Home-grown FMCG major Dabur India is looking at the future with "great optimism" but challenges from the pandemic are far from over, its Vice Chairman Mohit Burman said
 "Well-positioned to handle challenges of another Covid wave: Dabur India")
FMCG market in India expands 37% in April-June quarter: Nielsen
Data shows, the modern trade channel recovered to 83 per cent of the pre-Covid levels in June
 "FMCG market in India expands 37% in April-June quarter: Nielsen")
FMCG firms start seeing growth in urban India after months of Covid grief
December quarter shows improvement in sales from cities
 "FMCG firms start seeing growth in urban India after months of Covid grief")
FMCG start-ups innovate to fulfil healthy snacking appetite of kids
Several start-ups have rolled out unique healthy food products and beverages, including pre-biotic chocolates, whole grain snacks, porridges and nutty bars for toddlers and school going children
 "FMCG start-ups innovate to fulfil healthy snacking appetite of kids")
Middle, rural India driving 'strategic priorities' of FMCG firms: Nielsen
Nielsen defines middle India as urban but towns with population of 1-10 lakh, excluding rural centres and metros.
 "Middle, rural India driving 'strategic priorities' of FMCG firms: Nielsen")
New players enter hand sanitiser biz, consolidation certain, say FMCG firms
Industry estimates are that the domestic hand sanitiser market, which, before the pandemic stood at Rs 60 crore in size, has now grown five times to touch Rs 300 crore in size
 "New players enter hand sanitiser biz, consolidation certain, say FMCG firms")
Marico Q1 net profit rises 23.17% to Rs 388 cr, revenue falls by 11.12%
Its total expenses declined 7.39 per cent to Rs 1,501 crore in Q1 FY 2020-21, compared to Rs 1,752 crore
 "Marico Q1 net profit rises 23.17% to Rs 388 cr, revenue falls by 11.12%")
Intermittent lockdowns in states disrupt FMCG firms' momentum, July output
FMCG players had started to re-establish their supply chains in May and gradually ramped up as markets reopened, which had created some momentum
 "Intermittent lockdowns in states disrupt FMCG firms' momentum, July output")
Britannia Q1 preview: Revenue may rise up to 22% on strong volume growth
The net profit of the company is estimated to jump up to 62 per cent year-on-year (YoY) owing to lower tax rate benefit.
 "Britannia Q1 preview: Revenue may rise up to 22% on strong volume growth")
Marico CFO Vivek Karve resigns, Pawan Agrawal to be his successor
The board of the company in a meeting held on Thursday has accepted the resignation of Karve, who was associated with Marico from last 20 years
India Inc walking a tightrope on production first and employee safety
Unlike heavy engineering, auto and auto components, the labour requirement in fast-moving consumer goods (FMCG) companies is nevertheless less
 "India Inc walking a tightrope on production first and employee safety")
FMCG firms bring jobs to small towns as markets show signs of revival
In contrast, auto companies and their dealers have not been that bullish with hiring, despite tractor sales increasing in May
 "FMCG firms bring jobs to small towns as markets show signs of revival")
Top headlines: RBI's one-time recast plan, monetising fiscal deficit
From the possibility of RBI's one-time recast plan to be limited, RBI likely to monetise fiscal deficit in second-half of FY21, a glance at GST's completion of 3 years tomorrow, here are the top news
 "Top headlines: RBI's one-time recast plan, monetising fiscal deficit")
FMCG players with higher dependence on one or 2 categories more vulnerable
Competitive intensity, downtrading, and demand slowdown likely to hurt performance and valuations
 "FMCG players with higher dependence on one or 2 categories more vulnerable")
Covid-19 impact: Restrictions on movement still a pain point for FMCG firms
According to the Federation of West Bengal Truck Operators' Association (FWBTOA), truck availability has only improved marginally around 10 per cent of a total 9 million trucks in India.
Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business
In an investor call, Dirk Van de Put, Mondelez's global chairman and CEO said the firm went "absolutely blank" in the first phase of the lockdown, which began on March 25
 "Covid-19 lockdown: Mondelez, other FMCG giants indicate dent in business")
71% drop in FMCG demand due to Covid-19, zero orders in 95% outlets: Study
The Bizom report has captured insights by analysing data from 30% of the retail space across 400 districts and 2,000 towns and cities; it covers a population of 800 million
 "71% drop in FMCG demand due to Covid-19, zero orders in 95% outlets: Study")
Hurt by consumption slowdown earlier, small brands bounce back in lockdown
Over 150 new players seen in hygiene category alone; food business also sees similar rush
 "Hurt by consumption slowdown earlier, small brands bounce back in lockdown")
