Page 9 - Fmcg

Marico expects uptick in growth of core categories via ongoing initiatives

Homegrown FMCG major Marico Ltd on Friday said it expects a gradual uptick in the growth of its core categories through ongoing initiatives to enhance the profitability of general trade channel partners and investments towards expansion in footprint across urban and rural outlets over the next couple of years. In its quarterly update on the BSE, Marico said in the fourth quarter of FY24 FMCG demand sentiment stayed consistent vis-a-vis the preceding quarters with trends in urban and rural consumption largely converging. In the fourth quarter consolidated revenue grew in low single digits, moving back into positive territory after three quarters, the company said, adding that it expects a "low double-digit operating profit growth on the back of a healthy expansion in the operating margin". "In Q4, the domestic business posted a slight uptick in volume growth on a sequential basis owing to steadying trends in the majority of the portfolios," the company said. Amidst the backdrop of .

FMCG companies to face Q4 volume pressure amid sluggish rural demand

Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector

Bambrew raises Rs 60 crore in Series A funding from Blume Ventures

The funding will fuel the startup's expansion into eco-friendly packaging for FMCG, F&B, manufacturing and R&D team development

Growing interest: FMCG, telcos on foreign portfolio investors hot list

Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore

Further correction could make the FMCG sector valuations attractive

FMCG growth is tied to semi-urban and rural demand. Metro and large city demand is almost saturated. Growth comes from smaller places

Nykaa has huge lead, edge over its competitors: Founder Falguni Nayar

Fashion and beauty retailer Nykaa hopes to actively defend its turf amid competition from Indian conglomerates and new players, as it stacks up strongly with a huge lead and advantage of brand play, customer base and business insights, founder and CEO Falguni Nayar has said. Nayar told PTI in an interview that retail is a "very big segment with space for many" and added that the omnichannel beauty and fashion retailer will stay focused with offerings that are far beyond consumers' expectations so that they do not have a reason to move to competition. The comments assume significance in the backdrop of stiff competition unfolding in India's rapidly-growing beauty ecommerce space. Reliance Retail has launched an omni-channel beauty retail platform, Tira, raising the competitive heat in the booming beauty and personal care marketplace that has players like Nykaa, new entrant Tata Cliq Palette, Myntra and others. Nayar said Nykaa has helped the beauty segment grow from a "small niche .

P&G India appoints Kumar Venkatasubramanian as CEO with effect from May 1

Leading FMCG maker P&G India on Monday announced the appointment of Kumar Venkatasubramanian as CEO, with effect from May 1, 2024. The current CEO, L V Vaidyanathan will leave the company to pursue personal interests after 28 years of service, a statement from P&G India said. Kumar is currently leading the P&G business in Australia and New Zealand as CEO. Before the Australia role, Kumar was leading sales team in P&G India until 2020, it added. Kumar, an alumnus of IIM Calcutta started his journey with P&G in 2000 in sales team in India, straight from the campus. P&G owns popular brands such as Ariel, Gillette, Head & Shoulders, Oral-B, Pampers, Pantene, Tide, Vicks and Whisper. P&G President, Asia Pacific, Middle East, and Africa Stanislav Vecera said:"The India business and people will immensely benefit from his (Kumar's)leadership and vision, and collectively I am certain they will take the India business to new heights while maintaining a balanced ..

Largest Australian delegation attending India food industry fair: Official

Australian food brands seek a market of 25-30 million people in India's Tier-I and Tier-II cities, he says

FMCG sector to see subdued growth till September quarter: Kantar report

With El-Nino impact expected to keep weather dry for the first half of the year, the agriculture outlook for 2024 is a mixed bag

Exicom shares make mega market debut; Platinum Industries gains 30%

Among sectoral indices, IT fell by 1.61 per cent, FMCG dipped 1.02 per cent, technology by 0.89 per cent, capital goods by 0.37 per cent and consumer durables by 0.36 per cent

Tata Consumer to continue growing portfolio in pantry platforms and liquids

Krishnakumar added that when it looks at categories within foods it tries to see if those are the categories it wants to operate in

Reliance Consumer to bring Sri Lankan beverage Elephant House to India

With this tie-up, RCP adds another brand to its beverage portfolio. It already has brands such as Campa, Sosyo and Raskik

Package deal: How FMCG brands are leaving consumers spoilt for choice

The shelves in stores are packed. The options on e-commerce platforms are dizzyingly aplenty. The consumer is spoilt for choice. Which flavour of oats to go for? What packet of chips to pick?

Coca-Cola results: Revenue rises 7% to $10.8 billion, beats forecasts

Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower demand in the US. Revenue rose 7 per cent to USD 10.8 billion for the October-December period, the Atlanta beverage giant said Tuesday. That topped Wall Street's forecast of USD 10.7 billion, according to analysts polled by FactSet. Revenue growth will likely moderate this year, Coke said. The company expects full-year organic revenue will grow 6 per cent to 7 per cent this year, down from last year's 12 per cent growth. Coke's revenue got a 10 per cent boost from higher prices last year, but those price increases are expected to moderate along with inflation. Unit case volumes rose 2 per cent in the quarter, led by sparkling soft drinks, juices and Coca-Cola Zero Sugar. Sports drinks, coffee and tea all saw lower demand. In North America, unit case volumes declined 1 per cent as growing sales of juice, dairy and Coca-Cola were offset by falling demand f

Festival demand didn't meet expectations: Honasa Consumer CEO Varun Alagh

He dwells on the company's Q3 performance, challenges, and plans

Nestle investing Rs 6,000-6,500 cr to expand manufacturing in India: CMD

FMCG major Nestle is expanding its manufacturing footprints and operations in India, for which it will end up investing Rs 6,000 to 6,500 crore between 2020-2025, to meet the growing demand, its India Chairman and Managing Director Suresh Narayanan said on Wednesday. From its inception here to 2020, Nestle India has invested Rs 7,000 crore but the investment in the last five years by the company is more than what it had done in the last 20-25 years, said Narayanan in a media round table here. Earlier, Nestle India had announced to invest Rs 2,000 crore between the years 2000 to 2020 and again in 2022, it announced to invest Rs 5,000 crore on expansion, which was to be invested by 2025. "So if you take out the common years in the middle of the investment, the net investment would have been about Rs 5,800 crores. We are well on that track. I think Rs 3,200 crore has already been invested between 2020 and 2023," said Narayanan. Nestle India, which owns popular brands such as Maggi, ..

Unilever launches $1.6 share billion buyback after sales volumes rise

Unilever's shares rose as much as 4% on Thursday, hitting their highest point since it last reported earnings in October

Tata Consumer Q3 result: Profit rises 27% to Rs 513 crore on festive demand

The company reported a consolidated profit before exceptional items and tax of 5.13 billion rupees ($61.8 million) in the quarter ended Dec. 31, up 27% from the year-ago period

India's FMCG market grew in Q3 FY24 on higher consumption: Report

Rural demand is on the recovery path, marked by a growing preference for larger packs: NielsenIQ

Dabur Q3 results: Net profit rises 8% to Rs 514 cr on rural biz growth

Company's rural business growth outpaced urban in Q3