Page 16 - Fmcg Sector

Covid-19 impact: FMCG growth to be flat in 2020, says Nielsen survey

Flat growth will be on account of 18 per cent decline in April-June quarter

Top headlines: LIC's portfolio up 34%, gold jewellery demand slumps 74%

Here are the top headlines of the day

Business 24Seven: Store chain clocks 80% rise in business in pandemic

K K Modi Group venture has seen profits grow by double digits since late March, when India went under lockdown to contain the coronavirus.

ITC acquires spice-maker Sunrise in all-cash deal for Rs 2,150 crore

With the transaction, the company has added a 70-year-old brand and a market leader in eastern India to its portfolio

Nestle profit before tax marginally dips to Rs 652 crore, revenue up 1.7%

While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago

Havells India to raise Rs 500 cr through issuance of commercial paper

The company had reported a consolidated net profit of Rs 63.98 crore in the first quarter ended June 30

High wastage keeps food companies from ploughing export benefits

The second of a 5-part series looks at the challenges in food export business

Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1

Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.

Britannia to pump in Rs 700 crore in 2.5 years, says MD Varun Berry

The domestic biscuits market is estimated to have grown between 15-17 per cent in Q1, led by in-home consumption in urban areas and migrants making their way back to the countryside.

Beauty segment led India's FMCG recovery in June to pre-Covid level

Trend comes as a surprise as consumers remain cautious of spending

FMCG: After decade-low volume performance in Q4, worst yet to come

Q4 was weaker than demonetisation and GST periods, and June quarter is expected to see further pain despite hopes from better rural demand

Covid-19: Here's how FMCG firms are going directly to the consumer

FMCG companies have stepped into the resultant gaps and have started to explore direct-to-consumer distribution channels

Covid-19 crisis: HUL hints at margin pressures, higher operating costs

"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.

Amazon expands its pantry service to more than 300 cities in India

In the last few months, Amazon has added hundreds of towns like Bharatpur, Bilaspur and Mirzapur to help customers order groceries online and get safe doorstep delivery.

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

Not all consumers curtail spending on discretionary items, says HUL CMD

Chairman and Managing Director Sanjiv Mehta says the April-June period has been largely about restoring operations.

Markets retesting March 2020 low is within the realms of possibility

As markets realise that it will take a long time for the economy to revive and things coming back to normal, they will drift lower.

Capacity utilisation stands at 90% of pre-Covid levels: Hindustan Unilever

All its factories and warehouses are open, barring the one in Assam.

Britannia Industries profit before tax rises 1.6% to Rs 457 crore

The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May

Critical minerals for critical times

National security requires that we review supply chains for critical-mineral industries to deal with obstacles to international trade