Page 9 - Fmcg

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

GCPL Q3 results: Net profit rises by 6.3% to Rs 581 cr, revenue up 1.54%

FMCG major Godrej Consumer Products Ltd on Wednesday reported a 6.35 per cent increase in consolidated net profit to Rs 581.06 crore in the December quarter, aided by volume growth in the domestic market. It had posted a net profit of Rs 546.34 crore in the year-ago period, said Godrej Consumer Products Ltd (GCPL) in a BSE filing. Revenue from the sale of products of the Godrej group's FMCG arm was up 1.54 per cent to Rs 3,622.80 crore in the third quarter of the ongoing fiscal. It was Rs 3,567.72 crore in the corresponding period of the last fiscal. GCPL's total expenses in the December quarter was down 1 per cent at Rs 2,939.39 crore. Total revenue of GCPL during the quarter was Rs 3,729.72 crore, up 2.4 per cent. GCPL Managing Director and CEO Sudhir Sitapati said, "We continued to deliver steady performance in the third quarter despite challenging market conditions." "Our consolidated volumes grew 8 per cent, led by the India business growing volumes at 12 per cent and Indone

Dabur to invest Rs 135 cr for new manufacturing facility in south India

This project will mark the company's first investment in the region. The maker of Real fruit juices and Hajmola candy currently has a network of 13 domestic manufacturing locations

Adani Wilmar Q3 results: Profit falls 18.4% to Rs 201 cr on weak demand

Subdued demand from institutional clients in the edible oil segment and its lower pricing hurt third-quarter earnings, the Adani group-owned company had said in a quarterly update earlier in January

Dabur Q3 results: Profit rises 6.2% to Rs 506 crore, revenue up 7%

Homegrown FMCG major Dabur India Ltd on Wednesday reported an increase of 6.24 per cent in consolidated net profit at Rs 506.44 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 476.65 crore in the October-December quarter a year ago, Dabur India said in a regulatory filing. Its revenue from operations was up 7 per cent at Rs 3,255.06 crore during the quarter under review. It was at Rs 3,043.17 crore in the corresponding quarter of the previous fiscal. This was "driven by steady performance of both the Home & Personal care and Food & Beverages business," said an earning statement from the company which owns brands such as Dabur Amla, Dabur Vatika, and juice brand Real. Total expenses of Dabur India in the December quarter were up 7.82 per cent to Rs 2,720.62 crore. Dabur India's total income was at Rs 3,382.43 crore, up 7.58 per cent in Q3 FY23. Share of Dabur India was trading at Rs 543.50 on BSE, up 1.43 per cent from the previous ...

Godfrey Phillips Q3 results: Profit rises 6% to Rs 212 cr, revenue up 34%

The company reported a consolidated net profit of 2.12 billion rupees (~$26 mln) for the quarter ended Dec. 31, up 6.6% from last year

ITC Q3 results: Net profit rises 10.8% to Rs 5,572 crore, beats estimates

The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the third quarter ended Dec. 31

Marico Q3 results: Profit rises 17% to Rs 383 crore, beats estimate

The consumer goods manufacturer reported a net profit of Rs 383 crore ($46.1 million), up nearly 17% from last year, and surpassing analysts' estimate of Rs 374 crore as per LSEG data

Weak rural demand a drag on HUL's Q3 showing; profit flat at Rs 2,509 cr

According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,642.2 crore and net profit at Rs 2,572.7 crore for Q3 FY24

India Inc likely to report 8-10% revenue growth in Q3: CRISIL Ratings

Corporates' revenues are likely to have grown 8-10 per cent in the 2023 December quarter on an annual basis, according to a report. The operating profits have likely expanded 100-150 basis points on-year in the three months ended December 2023, giving the corporates an overall operating margin of 19-20 per cent in the first nine months of 2023-24 fiscal, as per Crisil Ratings. Revenue growth would have been stronger but for the decline in agri-linked sectors such as fertilisers, consumer staples such as edible oils, industrial commodities like chlor-alkalis and commodity chemicals, and aluminium, Crisil Ratings said in the report based on the analysis of 350 companies, excluding financial services and oil and gas sectors. Also, the rating agency said that revenue growth seemed to be propelled by volume. Aniket Dani, a director with the agency, said construction-linked sectors, which together account for 20 per cent of the overall revenue, grew 5-7 per cent as construction activity

Will look for more organic, inorganic buys: Tata Consumer Products MD & CEO

Tata Consumer Products announced that it has signed pacts to acquire Capital Foods and Organic India, Sunil D'Souza talks about the reason behind both acquisitions

FMCG distributors to boycott HUL in Maha, starting with Taj Mahal Tea

FMCG distributors demanding restoration of old margin structures from the leading maker HUL on Thursday said they would boycott its products in Maharashtra, starting with Taj Mahal Tea. The distributors further said that if the company does not pay attention to their demand, then they will boycott the Kissan brand and leading detergent brand Rin along with Taj Mahal tea brand going ahead. HUL, which owns brands such as -- Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove, has reduced the fixed margin by 60 basis points and increased the variable margins by up to 100 to 130 basis points for its distributors. The distributors are demanding a minimum basic margin of 5 per cent. They are supporting incentive parameters, but they should not interfere with the distributor's margin. The All India Consumer Products Distributors Federation (AICPDF), an umbrella body for distributors, has raised concerns over the new margin structure. AICPDF on Thursday shared a statement from the Maharashtra

Dabur India sees sequential improvement in demand in December quarter

The demand trends witnessed "sequential improvement" in the December quarter, although rural growth was still lagging urban growth, according to homegrown FMCG major Dabur India. In its latest quarterly updates, early signs of revival in consumption are visible with improving trends in volumes. "With pricing growth remaining subdued due to price increases in the base year, growth is large volume led," Dabur India said. The company, which owns various brands, including Dabur Chyawanprash, Dabur Honey, Dabur Pudin Hara, Dabur Amla, Real and Vatika, expects to register "mid to high single-digit growth during Q3 FY24" in its revenue. In the domestic business, the food & beverages segment is expected to grow in the high-single-digit and HPC (home & personal care) is expected to record growth in the mid-single digit. "Because of delay in onset of the winter season, we anticipate the Health Care business to grow in low to mid single digit," it said. Besides, Badshah Masala continued .

FMCG cos to witness low topline growth in Q3, volume growth to remain soft

Also, during the year, companies resorted to cutting prices of their products as commodity prices softened, thus also having restricted the growth in revenue in the quarter