With this, Parle hopes to find new ways to get its products to the consumer as the pandemic disrupts supply chain and mandates WFH for some employees
Valuations are, however, rich limiting the upside potential
Shares of Bajaj Consumer Care Ltd settled at Rs 311.20 apiece, up 1.90 per cent from the previous close.
Nestle Q1 preview: Raw material prices have started inching up, however, cost optimisation measures should aid Ebitda margin expansion of 120 bps YoY, said analysts at Edelweiss Financial
Demand for products such as honey, chawanprash and ayurvedic teas has jumped by 60 per cent in April.
Focus on fewer brands, smaller packs; inventory to be moved closer to target markets
FMCG firms such as ITC, Parle Products, Marico, Emami and CG Corp Global on Wednesday assured uninterrupted supply of their products
Formerly, known as Tata Global Beverages, Tata Consumer is currently undergoing a transformation to become a multi-category FMCG company from a food and beverage (F&B) company
During unlock, most consumer goods makers, including durables majors, turned their attention to small towns and rural areas
The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth
Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.
Execution and competitive intensity remain key, say analysts
Nestle proposed hiking its dividend 5 cents to 2.75 francs per share for 2020, its 26th consecutive increase
Contribution to total sales stands at 8-9% for consumer goods behemoths
BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period
Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged
Volume growth at 4%; urban markets buoyant
ITC's FMCG business is expected to continue its growth momentum with higher growth in packaged foods categories, brokerages believe
Focus on innovation, market share and product premiumisation seen boosting growth