Page 6 - Fmcg

Normal monsoon to drive Dabur India's growth, says CEO Mohit Malhotra

Company to undertake price increases as consumers come back into consumption fold

FMCG sector grows 4% in value, 3.8% by volume in April-June: Report

Industry growth steady and reflects resilience and adaptability, says consumer research firm NielsenIQ

ITC eyes opportunity to create category with new biscuit launch

The launch under the mother brand, Sunfeast, will be available across South and East

Non-biscuit portfolio key driver of Britannia Industries' growth

Unless there is a sharp upside surprise in terms of volumes, or some unusual gains in margins

Britannia Industries is gearing up for regional challenge: Varun Berry

The company has increased its rural distribution and now has up to 30,000 rural distributors

Lotte India, Havmor announce merger; aim to achieve sales of Rs 6K cr

This expansion will help extend the company's regional coverage from the west to the south-central regions of India

Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods

Increases its stake from 51 per cent to 100 per cent

Q1 results: Adani Wilmar swings back into Rs 313 crore net profit

Edible oil registered strong volume growth of 12 per cent YoY and surpassed one million tonnes in the quarter and its food & FMCG sales crossed Rs 1,500 crores in Q1

Nestle net profit up 7% as key brands register double-digit growth

The company had reported a net profit of Rs 698.3 crore in the year-ago period

FMCG sector in rural areas likely to see 6.1% volume growth in FY25: Report

The FMCG sector is expected to register 6.1 per cent volume growth in the rural market this fiscal, a report from Kantar Worldpanel said, depicting a strong positive outlook. This volume growth in the rural market stood at 4.4 per cent a year ago, while the urban volume growth is likely to remain flat at 4.2 per cent, it added. "Rural market is going to see a seismic shift once there is stability in the macro market," said the report titled 'The Rural Challenge'. The report also predicts that in the near future, rural volumes will catch up with urban growth, which is currently bigger. Now, the rural market is a big and important part of the Indian FMCG industry as it generates half of the FMCG volume and value. The report also pointed out that "FMCG growth is majorly led by population, and not consumption" in rural areas. Stagnation in consumption in the rural market is on account of factors like inflationary pressures, decline in rural household size, higher spending on utilitie

Parle, Britannia emerge India's top chosen FMCG brands, says Kantar

The five most chosen out-of-home beverage brands in India are Thums Up, Frooti, Amul, Maaza, and Bisleri

Mars Wrigley aims 50% of premium chocolate gifting market in a decade

Mars Wrigley currently has a 3 per cent share of the Indian chocolate market. It sells brands like Snickers, Galaxy, Mars, Bounty, and Twix along with chewing gums like Boomer and Orbit

HUL Q1 results: Net profit rises 2.2% to Rs 2,610 crore, revenue up 1.4%

According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,586.9 crore and net profit at Rs 2,601 crore for Q1 FY25

Demand recovery hopes, valuations to support Hindustan Unilever stock

The FMCG sector is hoping for demand recovery with hopes of a better monsoon helping rural demand and expectations of a pro-consumption Budget

FMCG major Dabur India to kickstart fourth phase of added sugar reduction

Company to expand rural footprint, premium portfolio to drive growth in FY25

Nestle India investors clear royalty payments to parent co at existing rate

FMCG firm Nestle India on Monday said its shareholders have approved to continue paying royalty to its parent firm at the current rate of 4.5 per cent of the net sales. Earlier in May this year, the shareholders of the company had rejected a proposal to increase payment of royalty to parent Socit des Produits Nestl S.A (licensor) by 0.15 per cent per year for the next five years thereby enhancing it to 5.25 per cent of net sales. Subsequently, last month the board of directors of the company at its meeting approved continuation of payment of general licence fees (royalty) at the existing rate of 4.5 per cent to Socit des Produits Nestl S.A. and recommended to the members of the company for their approval. The members of the company at its AGM (annual general meeting) held on July 8, 2024 have approved the ordinary resolution to continue the payment of general licence fees (royalty) at the existing rate of 4.5 per cent with 99.54 per cent of valid votes in favour and 0.46 per cent ..

FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings

The fast-moving consumer goods (FMCG) sector is expected to see revenue growth of 7-9 per cent this fiscal, according to a report released by CRISIL Ratings on Saturday. The expected revenue increase this financial year (2024-25) will be supported by higher volume growth on the back of a revival in rural and steady urban demand. The estimated growth of the FMCG sector in 2023-24 was 5-7 per cent. The report said product realisation is expected to grow in single digits with a marginal rise in prices of key raw materials for the food and beverage (F&B) segment. However, the prices of key raw materials for the personal care and home care segments are likely to be stable. CRISIL Ratings Director Rabindra Verma said, "Revenue growth will vary across product segments and firms. The F&B segment is expected to grow 8-9 per cent this fiscal, aided by improving rural demand. The personal care segment is likely to grow by 6-7 per cent, and the home care by 8-9 per cent." The FMCG players

Marico's domestic biz reports modest volume rise in Q1; margins improve

Fast-moving consumer goods maker Marico on Friday said its domestic business posted a "modest uptick" in volume growth in the first quarter on a sequential basis and expects gross margin to expand year on year. The overall demand trends in the first quarter continued to exhibit gradual improvement on the expected lines, said Marico, which owns brands such as Saffola, Parachute, Hair & Care, Nihar and Livon, among others. The company recorded volume growth post adjustments in distributor stock levels and a certain degree of wholesale channel destocking to ensure smoother direct reach expansion, said Marico in its quarterly update for the first quarter. Key brands such as "Parachute Coconut Oil posted low single-digit volume growth in this quarter, but is likely to pick up visibly through the rest of the year given the consistently healthy trends in offtake growth", said Marico. While Saffola delivered mid-single-digit volume growth amidst marked stability in input and consumer ...

FMCG sector weightage in Nifty 50 falls to lowest level since 2010

The Nifty FMCG index has been almost flat since and is up just the 0.3 per cent since the start of the 2024 calendar year

Patanjali Foods to acquire Patanjali Ayurved's non-food biz for Rs 1,100 cr

The company has also entered a licensing agreement with Patanjali Ayurved for a 3 per cent turnover-based fee