Persistent weak urban demand could impact firms' performance in Q3FY25
The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter
Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.
The drop in the Gopal Snacks share price came after the company reported a fire incident on December 11 at its Rajkot facility
In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here
Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers
Initial data from NielsenIQ for October shows overall FMCG growth at 4-5 per cent, with volume growth at around 3 per cent and price growth at just 1-2 per cent
According to the RBI's assessment, the slow growth in H1FY25 was temporary, attributed to inadequate public spending in Q1FY25 due to the general election and excess rainfall in Q2FY25
Company is focusing on multi-dimensional levers to drive growth while staying the course on product launches, says ITC's Executive Director Bhargavan
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
The sector's stocks fail to shield portfolios in current market selloff
Rural volume growth 'surpasses' urban markets for the third straight quarter, according to consumer intelligence firm
At least 7 of India's largest companies, including RIL's retail arm and consumer bellwether Hindustan Unilever Ltd., have flagged softer consumption demand and a challenging operating environment
Homegrown FMCG major Marico Ltd on Tuesday reported an increase of 20.27 per cent in consolidated net profit to Rs 433 crore for the September quarter. It had posted a net profit of Rs 360 crore in the July-September quarter a year ago, Marico said in a regulatory filing. Its consolidated revenue from operations was up 7.6 per cent to Rs 2,664 crore during the quarter under review. It was at Rs 2,476 crore a year ago. Total expenses of Marico, which owns popular brands like Saffola, Parachute, Livon, etc, increased 7.65 per cent in the September quarter to Rs 2,194 crore. Marico's total income, which includes other income, was up 9.22 per cent to Rs 2,746 crore. Domestic revenue of the Harsh Mariwala-led company was up 8.02 per cent to Rs 1,979 crore. Similarly, its revenue from the international market was up 6.36 per cent to Rs 685 crore. There is a "sequential uptick in growth in the domestic business" and the "international business continues robust show", said Marico in it
While rural demand has shown an uptick, rising food inflation and a slowdown in credit growth pose challenges, potentially dampening the country's growth in the second quarter of 2024-25
In the past one month, the FMCG index has tanked nearly 11 per cent, as against 6 per cent decline in the BSE Sensex.
FMCG companies: RBI Governor Shaktikanta Das pointed out that core inflation, which excludes food and fuel prices, was on an uptrend in July and August
Deep discounting by quick commerce firms impact brand value, AICPDF told the FMCG industry, suggesting that they closely monitor and evaluate effects of these hyper delivery platforms, their distribution and retail networks. In an open letter, All India Consumer Products Distributors Federation (AICPDF) asked FMCG companies to "ensure fair practices that do not alienate or undermine" their existing distributor and retail base. "Over the past few months, we have observed an alarming trend of predatory pricing and deep discounting practices by quick commerce platforms," the association, which claims to be representing about eight lakh FMCG distributors, said. These practices "not only undermine the integrity of the established distribution network but also erode brand value" by creating unrealistic consumer expectations around pricing, it said. Moreover, "distributors and retailers are facing the brunt of these unfair pricing models" AICPDF said, asking FMCG companies to "intervene t
The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.
Reliance plans to invest Rs 3,900 crore in its fast-moving consumer goods division, aiming to capture a larger share of the Indian FMCG sector, projected to exceed $1.4 trillion by 2027