Bizom data notes that while other categories' consumption took a hit, commodity consumption remained high as people focused on essentials
Commenting on the annual performance, Nestl India Chairman and Managing Director Suresh Narayanan said, '2021 was a very challenging year'
Value growth still higher due to price hikes
Distribution, new product contribution, and portfolio expansion are positive
The MNREGA allocation did not come on expected lines but companies expect it to get revised during the year
Nearly 35 per cent of the FMCG sales come from rural areas and after the second wave, it was badly hit
Consumer durables makers have also witnessed a slowdown in rural demand due to inflationary trends coupled with weak festive season sales
The company had posted a net profit of Rs 452.64 crore in the October-December quarter a year ago
'Once commodity prices start going down, we will adjust down the prices or increase the quantum of volume in the packs', said Mehta
Net profit up 18.6% on 10.3% rise in revenue; says near-term outlook uncertain as growth moderating, inflation high
Volumes estimated to remain weak; gross margins under pressure due to high raw material costs
Sales of automobiles across all segments in India, the world's fifth-largest market, hit a multi-year low in the December quarter owing to pandemic-induced factors
Doshi's appointment would be effective from January 17 and would take over from Vinay Subramanyam, who had left the company in December last year
This comes on the back of rising raw material costs, which had forced the company to initiate several similar rounds of price hikes last year, too
Large companies that set up the complex distribution system in the country are today faced with the challenge of handling a many-headed monster
As several leading brands are threatening to push India's traditional distributors into oblivion. They recently got breakthrough against HUL and Colgate Palmolive. Find out how they are fighting back
How are traditional distributors competing with big brands? Can investors benefit by putting money in silver? Should Reliance Industries go for de-merger? What is Economic Survey? All answers here
FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in Covid-19 cases across the country
Will gauge the price parity situation on the ground for the next 3 months
FMCG distributors suspended their boycott of Colgate after talks with the company over the issue of the price disparity between the traditional distributors and organised business-to-business channel