Page 5 - Fmcg

Rural India's appetite for FMCG grows by 60%; what's behind the surge?

The Kantar and GroupM study highlights a nearly 60 per cent growth in the average FMCG basket size for rural consumers, increasing from 5.8 in 2022 to 9.3 in 2024

Britannia Industries Q2 results: Net profit down 9.6%, volume growth at 8%

The biscuit major's profit before interest, tax, and depreciation was down 10.6 per cent at Rs 825.9 crore

Rural demand lifts FMCG sector to 5.7% growth in July-Sept: NielsenIQ

Rural volume growth 'surpasses' urban markets for the third straight quarter, according to consumer intelligence firm

Urban demand stress under watch, festivals may boost consumption: FinMin

The inflation rate stood at 4.6 per cent in the first half of FY25, down from 5.5 per cent during the same period last year

Colgate-Palmolive Q2 result: Profit rises 16% to Rs 395 cr; sales up by 10%

FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 16.17 per cent in its net profit at Rs 395.05 crore in the quarter ended September 2024, led by a broad-based growth across portfolios. The oral hygiene product maker had posted a net profit of Rs 340.05 crore in the July-September quarter a year ago, according to a regulatory filing by Colgate-Palmolive India Ltd (CPIL). Its sales were up 10.04 per cent to Rs 1,609.21 crore during the quarter under review. It was at Rs 1,462.38 crore in the corresponding period a year ago. Total expenses of CPIL in the latest September quarter were up 13.6 per cent year on year to Rs 1,695.09 crore. The company's total income, including other income, was Rs 1,164.64 crore, up 12.60 per cent annually. The profit growth of 16 per cent in Q2 FY25 also "includes one-off credit related to interest on income tax refunds received during the quarter", said CPIL in its earnings statement "Advertising spend increased by 17.8 per ce

Hindustan Unilever Q2 results: Net profit down 2.4%, volume growth at 3%

The FMCG major's revenue increased by 1.9 per cent year-on-year (Y-o-Y) to Rs 15,926 crore

Nestle India CMD Suresh Narayanan sees mega cities as pressure points

Rising food inflation leading to sluggish FMCG demand

Can Reliance Retail double its turnover in 3-4 yrs, as Isha Ambani claims?

One of the drivers that automatically fuels growth is that India remains one of the fastest growing retail markets and is poised to become the third-largest by 2030

RBI's caution against inflation may halt rally in FMCG stocks: Analysts

FMCG companies: RBI Governor Shaktikanta Das pointed out that core inflation, which excludes food and fuel prices, was on an uptrend in July and August

Result preview: FMCG revenue, volume likely to log modest rise in Q2

Rural may outpace urban; rain plays spoilsport for out-of-home consumption, beverages: Analysts

Higher palm oil prices, input costs to impact FMCG firms' Q2 margins

GCPL said it expects a "flattish" earnings growth in the domestic market in the September quarter as higher palm oil prices added to input costs

P&G investing in quick commerce as convenience drives consumption

India emerging as destination with most evolved supply chain know-how, says CEO

Can kirana stores survive the exponential rise of quick commerce in India?

Some savvy kiranas are already evolving - becoming specialist gourmet shops, mini-supermarkets, or setting up their own efficient delivery systems

Sharp import duty hike likely to impact margins of consumer majors

Some corporates may prefer to cut margins and absorb some impact to avoid hurting demand

GQG Partners ups stake in Patanjali Foods by 1.24% for Rs 835 crore

Billionaire Rajiv Jain-backed GQG Partners on Friday hiked its stake in Patanjali Foods by acquiring a 1.24 per cent holding from promoter group entity Patanjali Ayurved Ltd for about Rs 835 crore through an open market transaction. According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods. The shares were picked up at an average price of Rs 1,854 apiece, taking the deal value to Rs 834.99 crore. After the latest transaction, GQG Partners' shareholding in Patanjali Foods has increased to 4.43 per cent from 3.19 per cent. Meanwhile, Patanjali Ayurved Ltd on Friday sold 97.92 lakh shares or 2.71 per cent stake in the company for Rs 1,815 crore, the data showed on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 1,854.08 per piece, taking the deal value to Rs 1,815.67 crore. After the share sale, the promoter and promote

LT Foods strengthens RTC, organic product lines for double-digit growth

The main markets for the company's organic range are Europe and America, which account for 85% of the brand's sales

Operations in Bangladesh stabilised, people rejoining factory: Emami CFO

Homegrown FMCG major Emami has said its operations in Bangladesh have stabilised as people have rejoined the factory and production has resumed. Replying to queries at the AGM, Emami CFO Naresh Bhansali said the business was impacted in Bangladesh due to political turmoil, and the company expects operations to normalise over a period of time. "Last month was very turbulent. But it (operation) has stabilised now. People have joined back work, factory has resumed operations. The market has also opened," Bhansali said while replying to a query from the shareholder. The company does not see a big impact on its overall business from the Bangladesh operations. "Bangladesh will also come back on the same growth trajectory path over a period of time. The new Government, which we expect to get established in some time, will hopefully give political stability and we expect the business to resume soon. We do not expect any market share or any loss there," the CFO said. Emami has one ...

Why convenience store chain 7-Eleven is indispensable part of life in Japan

For many residents, more than 55,000 cheerful, jingle-filled stores, known as konbini, are an indispensable part of daily life.

Nestle to focus on food sales again after CEO's experimental bets

Companies like Nestle are grappling with sluggish demand, as inflation-squeezed shoppers tighten their belts

Nestle replaces CEO Mark Schneider with company veteran Laurent Freixe

Shares at the maker of KitKat chocolate bars and Nescafe instant coffee have fallen 8% in 2024, underperforming rivals like Unilever which has gained 29%