Page 31 - Fmcg

Near-term investor sentiment may not be high on Marico's slow Q2 growth

While the company may lower its FY20 volume growth guidance amid muted offtake in September quarter, benign copra prices should push up profit margins

Corporate tax cut likely to help demand, make consumer goods cheaper

FMCG sector experts said consumer goods will be one of the biggest beneficiaries of the tax cut

Monsoon season and cash handouts keep BNP Paribas bullish on FMCGs

Sales of staples will recover in the second half of the fiscal year that began April 1, as farm-support measures and above-average rain lift rural incomes, the brokerage said in a report

Top 10 biz headlines: GST rate cut for Auto sector, Hyundai sales, and more

From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday

ITC standing out in a cluttered FMCG market with focus on quality

ITC has made steady progress in the FMCG space with relentless focus on quality and product differentiation

Britannia back on investors' radar after sharp correction in past 3 months

Improving demand for cookies, intact structural growth story and attractive valuation augur well for the stock

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Smartphones beat slowdown as sales up 10%; Xiaomi tops Indian market

According to analysts, one of the key factors that differentiates smartphones from other products is their expose to the e-commerce market

Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman

Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction

Biscuits to soaps, slowdown pain for FMCG companies comes in small packs

Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown

Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown

The lower range of these projections means the economy has slowed further

Britannia Industries falls nearly 4% as worries over demand slump deepen

For the quarter ended June 30, 2019, Britannia Industries reported a 5.9 per cent year-on-year (YoY) growth in consolidated net sales at Rs 2,677.3 crore, while its net profit fell by 3.7 per cent YoY

FMCG not as badly hit by slowdown as some other sectors: Nestle India CMD

Firm's chief says double digit will be difficult, but the kind of issues faced by other sectors may not get replicated in FMCG, as it still has plenty of low-payout, low-budget essentials

Poor consumer confidence hits rural FMCG demand; sales growth drag

FMCG product sales in the rural market in this quarter grew by a meagre 5.9%

Lower input costs, tactical promotions likely to drive Marico stock

Company unlikely to take up price cuts for flagship Parachute brand

Nestle India net profit rises 10.83% to Rs 438 crore in June quarter

Total expenses were at Rs 2,414.29 crore in the latest quarter as against Rs 2,163.32 crore a year ago

Despite monsoon worries, FMCG firms see pick in rural demand by year-end

While lower sowing is a cause of worry, the government's decision to offer an increase in MSP may help the farmers boost their income and hence, their spending capacity

Mondelez plans to enter 100,000 villages as rural India feasts on chocolate

Last year, chocolate sales in India jumped 15.4% after the government, keen to win re-election, overhauled its national sales tax for many items

FMCG sector slows down due to lower consumption in rural market

Further, tough market conditions have hurt small manufacturers, who, in turn, have contributed half towards the sliding growth in the sector

Same strategy for Hindustan Unilever, ITC: Reaping digital dividend

Both companies are also riding the digital wave when it comes to consumer engagement