Page 20 - Fmcg

Urban FMCG sales see sharper fall than rural in June, shows data

Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities

Plastic ban: Maharashtra, Gujarat among top Indian plastic waste producers

India ranks as the fifth-highest country in the generation of plastic waste with an annual discharge of 3.5 million tonne in fiscal year 2020, according to a note by Kotak Institutional Equities.

Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr

FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows

Ruchi Soya Industries renamed Patanjali Foods with effect from June 24

In May, Ruchi Soya announced the acquisition of Patanjali Ayurved's entire food business for Rs 690 crore, in order to speed up its transition into an FMCG company

Hindustan Unilever to take further price hikes despite volumes taking a hit

Country going through probably the most difficult economic situation, says chairman

Will your Frooti & Maaza packs go off the shelves from July 1?

Govt has decided to phase out single-use plastic from the country. So, FMCG companies are now scrambling to find a replacement for plastic straws. Here's an insight into the world of plastic straws

Inflation a key monitorable in the near term, says ITC annual report

ITC's FMCG brands crossed annual consumer spend of Rs 24,000 crore and the year also saw about 110 new product launches from the segment

ITC FMCG business' annual consumer spend over Rs 24,000 cr in FY22

ITC, which owns brands like Aashirvaad, Bingo, Classmate, Savlon and YiPPee, "remains focused on rapidly scaling up the FMCG biz anchored on strong growth platforms and a future-ready portfolio".

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

A straw in the wind from packaging company UFlex set to benefit FMCGs

It is gearing up to make the six billion paper straws per annum needed by FMCG companies

Putting it on paper: Closure of plants feared over plastic straw ban

With the government banning plastic straws with effect from July 1, the Rs 6,000-crore small tetra pack industry making beverages have no choice but to shift to paper straws, which are more expensive

Little choice for beverage cos but to import paper straws as deadline looms

Cost of importing paper straws goes up significantly as India doesn't have capacities to manufacture paper straws yet

Demand falls as price hike forces consumers to go for smaller packs

Sales in urban areas in May were down 16 per cent and those in rural parts 16.6 per cent (against April)

Higher volume growth trajectory key for reversal of Colgate's fortunes

Banking on relaunches, foray into new segments, digital strategy to address issues

Rising inflation has led to marked slowdown in growth rates: HUL Chairman

HUL also said that notwithstanding these near-term challenges, the Indian FMCG sector offers significant potential for growth

Colgate-Palmolive India's Q4FY22 net profit up 3% to Rs 324 crore

It had a posted a net profit of Rs 314.66 crore in the January-March quarter a year ago, Colgate-Palmolive India Ltd (CPIL) said in a BSE filing

How is 'shrinkflation' helping FMCG companies tide over rising input costs?

FMCG companies are struggling. They have now resorted to 'shrinkflation' to cope with the increased input cost, without passing on the price burden to consumers. Our next report tells more about it

Inflation: Your soap or cookies may not be getting pricier but lighter

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel

ApnaKlub raises $10 mn in series A funding round from Tiger Global

ApnaKlub allows anyone with a smartphone and an entrepreneurial drive to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community

From soaps to biscuits, price hikes by FMCG firms may not dim the pain

According to data by Bizom, mid-single-digits to double-digit price rises are being seen in all essential foods because of the increase in input, logistics, and packaging costs