Page 24 - Fmcg

Top headlines: Ather Energy plans IPO, ED and CBI chiefs' jobs extended

EV startup Ather Energy is planning to go for an IPO within two years. More on that story in our top headlines this morning.

Price hike not enough to cushion FMCG companies' margin pain

Volume growth, amid soft rural demand, is also a key monitorable

Emami PAT up 56% to Rs 185 cr in Q2FY22, revenue grows 7% to Rs 789 cr

Company says posted a growth of 9% in domestic business led by a volume growth of 6%

Marico posts 16% growth in second quarter profit at Rs 316 crore

The company said its foods franchise is on course to reach the Rs 500 crore mark in FY22

PLI for food processing a game-changer, to boost agri-exports: FMCG players

Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment

Growth sparkle missing yet again in Colgate results, sales disappoint

After 14% decline in price, attractive valuations could support stock

Higher raw material costs dent Nestle's operational performance in Sept qtr

The Nifty FMCG average valuations are 36 times, while its top six rivals are trading at an average of just over 50 times

Nestle India Q3 net up 5% to Rs 617 cr; net sales up 9.6% to Rs 3,865 cr

Organised trade witnessed a resurgence in the third quarter with strong revenue growth in mid-twenties after a muted second quarter which was impacted by the second wave of COVID-19.

After a steady Q2, HUL's 'cautious optimism' stance raises demand concerns

Company posts 9% YoY increase in net profit, 11% growth in revenues

FMCG growth in rural area moderates, urban market picking up; says HUL CMD

Faced with "unprecedented" inflation in certain commodities like palm oil, crude based derivatives and tea, and ocean freight, HUL has hiked prices in the past three quarters

Market direction will depend on how Q2 results pan out

Auto, energy and realty have been the big gainers since September 1

Emami eyes entry into new segments via acquisitions, investment in startups

Firm began investing in startups over three years back ago when it bet on Helios Lifestyle; it has also invested in personal care company Brillare

India's record run in stock market raising risks for economy: Research

Market rally has added roughly 1 percentage point to GDP growth each quarter since October-December

FMCG major Emami aims decent margin in FY22 despite hike in input cost

Presently, FMCG companies are facing inflationary pressure on the raw material inputs and some of them have even increased the prices to maintain margins.

Amid strong growth expectations, more fizz left in Varun Beverages' stock

One year forward valuations at 40 times earnings are at a substantial discount to FMCG peers

Deals or distress: Consumer goods makers bet on bumper festive sales

Robust growth expected despite shortage of components and the threat of a third wave of Covid-19 pandemic

CavinKare announces business restructuring, ropes in Gen Next

CavinKare indicated that the business will be split into mainly four different streams - FMCG, ecommerce, retail and research and development.

Silver lining for FMCG companies as sector posts robust 37% growth in Q1

Hopes of demand recovery and plateauing of input costs coupled with stock underperformance are triggers

Future Retail reports Rs 1,147 crore loss against Rs 553 crore yoy

The company reported revenues of Rs 1,406 crore in the June quarter of the current financial year as compared to revenues of Rs 1,355 crore announced in the same period of fiscal 2021

FMCG market in India expands 37% in April-June quarter: Nielsen

Data shows, the modern trade channel recovered to 83 per cent of the pre-Covid levels in June