Page 7 - Fmcg Sector

Marico, Godrej Consumer slip up to 6% post December quarter biz update

Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.

Nestle India slips 2% on profit-booking; trades 1:10 ex-stock split

The stock had rallied 19 per cent since October 19, 2023, after the company announced a stock split.

Dabur India sees sequential improvement in demand in December quarter

The demand trends witnessed "sequential improvement" in the December quarter, although rural growth was still lagging urban growth, according to homegrown FMCG major Dabur India. In its latest quarterly updates, early signs of revival in consumption are visible with improving trends in volumes. "With pricing growth remaining subdued due to price increases in the base year, growth is large volume led," Dabur India said. The company, which owns various brands, including Dabur Chyawanprash, Dabur Honey, Dabur Pudin Hara, Dabur Amla, Real and Vatika, expects to register "mid to high single-digit growth during Q3 FY24" in its revenue. In the domestic business, the food & beverages segment is expected to grow in the high-single-digit and HPC (home & personal care) is expected to record growth in the mid-single digit. "Because of delay in onset of the winter season, we anticipate the Health Care business to grow in low to mid single digit," it said. Besides, Badshah Masala continued .

Expected returns

Sustained govt capex will be crucial for some stocks

Hershey Company appoints Luigi Mirri as general manager for India division

Global snacking firm Hershey Company on Tuesday said Luigi Mirri has been appointed as General Manager, India. Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. Mirri's appointment is from January 1,2024. "Both India and APAC play crucial roles in shaping our company's future. Our business in India, in particular, is growing, and is a strategically important market for the future. "Luigi's outstanding track record in steering growth for large enterprises, driving profitability, and turnarounds, will guide his leadership as we continue to tap our desired growth and unlock new potential," Rohit Grover, President (International) of The Hershey Company, said. Prior to joining The Hershey Company five years ago, Mirri was based in India with another confection company where he held key leadership positions and dedicated substantial time to business operations.

Skincare brand Nivea India appoints Geetika Mehta as managing director

Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement

Tata Coffee, TCPL surge 4%; hit new highs on fixing record date for merger

Tata Coffee, Tata Consumer and its wholly-owned subsidiary TCPL Beverages and Foods merger to be effective from January 01, 2024; Record date for share swap set as January 05.

IHG Hotels & resorts focused on bringing more luxury offerings to India

The company's market share grew by 1.2%, biz surpassed pre-Covid levels

FMCG flavours: Better volumes and rural demand revival uptick in 2024

From an uptick in rural demand to higher volumes and favourable commodity prices, the country's FMCG industry is pinning hopes on diverse catalysts for a double-digit volume-led growth in the new year after a challenging 2023. Weaker-than-expected festive demand, rainfall deficit that hampered rural growth, unseasonal rains that dampened sale of beverages and higher commodity prices all together cooked a difficult-to-digest market recipe this year even though "green shoots" of recovery are becoming more visible. The sector, which has a high growth potential especially in an emerging market like India, is anticipating 2024 to be a "better year" with favourable input prices benefitting the Home and Personal Care (HPC) as well as certain food business segments. "We expect the demand situation to improve as we enter the next financial year. We expect FMCG players to increase the pace of innovation and premiumisation and also focus on significant investment behind expanding the quality o

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

Nirma Ltd to raise upto Rs 3,500 cr for business growth, acquisition

The company has proposed to acquire Glenmark Life Sciences Ltd (GLSL) to diversify its business. The acquisition is likely to be funded largely through debt

Adopted an asset-right model, not asset-light: Top ITC Hotels exec

Chadha said that the new company would have a strong, debt-free balance sheet, with marquee properties and good cash flows

Indian consumers ready to pay 20% premium for sustainable products: Survey

Bain Global Consumer Lab surveyed over 23,000 consumers in 11 countries for The Visionary CEO's Guide to Sustainability

FMCG industry logs 8.6% volume growth in Q2 on rural revival: NIQ

Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum

Reckitt Benckiser India, distributors at loggerheads over incentives

Distributors not happy with damage claims policy

Dabur Q2 results: Net profit rises 5.1% to Rs 515 cr, ad spends grow 42.6%

Analysts, on average, had expected a profit of Rs 513 crore, according to LSEG data

Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report

As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.

HUL Q2FY24 results: Net profit falls slightly, rural demand subdued

Gradual demand recovery to continue with tailwinds from festival season: CEO

ITC Q2 results: Net profit up 6% at Rs 4.8K cr, rural green shoots visible

Says public investment strong, consumption demand relatively subdued

Marico cracks 5% after company flags slowdown in Q2 earnings

The company in its pre-quarterly update reported a slight decline in consolidated revenue for the July-September quarter compared to the previous year.