Fmcgs

FMCGs need volume growth, distribution innovation: Pidilite's Bharat Puri

Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Leading FMCG makers such as HUL and Wipro have hiked soap prices by around 7 -8 per cent to offset the impact of a surge in palm oil prices, a key raw material for the product. Companies such as HUL and Tata Consumer have also increased prices of tea recently due to a decline in production caused by erratic weather conditions. During the earning calls for the September quarter, several listed players hinted at a price increase in soaps in the current quarter to safeguard their margins, as they were facing a rise the prices of commodity inputs such as palm oil, coffee and cocoa. "The prices of palm oil derivatives, a key raw material in soap manufacturing, have risen significantly -- 30 per cent plus increase since the start of this year," Wipro Consumer Care Chief Executive Neeraj Khatri told PTI. "In response, all major players in the industry have implemented price hikes of approximately 78 per cent to partially offset the increase. Our pricing adjustments are aligned with these

Reliance's FMCG arm bets on higher margins, cheaper pricing to gain ground

Reliance Consumer Products disrupts FMCG market by offering its distributors 6-8 per cent margins - double the industry average - while pricing products 20-40% lower than competitors, to drive growth

Horses for courses: ITC devises bespoke plans for distribution channels

In Q2FY25, ITC's sales on quick commerce grew by over 50 per cent year-on-year on a smaller base, contributing 50 per cent of its overall e-commerce sales

Amway India loss widens to Rs 52.78 cr in FY24, sales flat at Rs 1,283.7 cr

Direct seller Amway India Enterprises has reported widening of net loss to Rs 52.78 crore, while revenue from operations, stood at Rs 1,283.75 crore in FY'24. Its total income, which includes other income, was marginally up 0.7 per cent to Rs 1,293.97 crore for the financial year ended March 31, 2024, according to the RoC filing by the company. Amway India had reported a net loss of Rs 21.72 crore and revenue from operations was at Rs 1,278.69 crore a year before, for the financial year ended March 31, 2023, according to financial data accessed through the business intelligence platform Tofler. The 'advertising promotional expenses' in FY'24 were down 25.5 per cent to Rs 61.03 crore, as against Rs 81.93 crore a year ago. However, the royalty paid to its US-based parent firm was up 4.06 per cent to Rs 65.74 crore in FY'24. This 'cost royalty' was at Rs 63.17 for the financial year ended on March 31, 2023. Amway India Enterprises is a wholly-owned subsidiary of Ada, Michigan, US-bas

Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin

Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward

Nestle to cut costs by $2.8 bn, boost marketing under CEO Laurent Freixe

The repercussions continue to weigh on the Swiss company's revenue after shoppers switched to cheaper, better advertised or more innovative brands, eating into Nestle's market share

Food inflation to recede, expect double-digit revenue growth in H2: Marico

FMCG major Marico is looking for double-digit growth in the second half of FY25 and expects the prevailing high food inflation to moderate in the next two quarters, which will help revive urban consumption, its MD & CEO Saugata Gupta said. The company, which has already gone for a price hike for its Saffola range, expects a similar action from other FMCG players as prices of raw materials such as coffee, cocoa, and palm oil have gone up. "In the sector, there will be some price increases. If you look at some other input costs for other players, there has been a globally significant increase in the prices of coffee, and cocoa, So there is a little bit of inflation situation and now you are seeing a significant increase in palm oil prices. "So across the sector, there will be some price increase," Gupta told PTI. However, he also pointed out that most of the big-scale FMCG manufacturers would try to absorb a portion of the increase in the commodity prices through various cost ...

India's middle class tightens its belt as inflation reaches 14-month high

Since the end of the pandemic, India's economic growth has been driven in large part by urban consumption, however, that now seems to be changing

Nestle and P&G probe palm oil sourcing after Indonesia deforestation claims

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

Rural FMCG basket expands on hybrid media usage, rising digital engagement

Digital platforms are playing an increasingly vital role in reaching and engaging consumers. From payments and e-commerce to gaming and lifestyle content, the digital landscape is expanding rapidly

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

Wakefit records 50% growth in festive sale revenues across platforms

The sleep solutions firm said the trends indicate that consumer behaviour is shifting towards wellness, long-term value and preference for premium and functional products

Dabur Q2 may be a blip, price fall may provide entry to long-term investors

India revenue declined 7.6 per cent Y-o-Y, while international business grew 13 per cent Y-o-Y in constant currency (CC) terms

White collar hiring activity up 10% in Oct led by oil & gas, FMCG: Report

White collar hiring activity witnessed a growth of 10 per cent year-on-year in October mainly driven by a rise in recruitment in sectors, including oil and gas, pharmaceuticals, FMCG, and IT, a report said on Monday. The Naukri JobSpeak Index, India's leading indicator of white-collar hiring activity, demonstrated robust growth in October, reaching 2,733 points compared to 2,484 in the same month of 2023, marking a significant 10 per cent year-on-year increase. Key sectors, including oil & gas (18 per cent), pharma/biotech (12 per cent), FMCG (8 per cent), and IT (6 per cent) emerged as primary drivers of this positive trend, with AI/ML roles showing exceptional growth at 39 per cent year-on-year, the report stated. Hiring in the IT sector showed positive growth in four out of the seven months this financial year, auguring well for balance of year trends, added the report. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market and hiring activity ...

Mini packs, major dilemmas: FMCGs tackle shrinking margins, pricing woes

Industry executives have observed a decline in the share of the Rs 5 segment within the FMCG market, which was 35 per cent two years ago

FMCG firms express concern over inflation, hint at potential price hikes

Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales. "We think this is a short-term hit and we will recover the margins through judicious price increase and stabilising of costs," said GCPL Managing Director and CEO Sudhir Sitapati in a Q2 earning statement. GCPL, makers of Cinthol, Godrej No 1, HIT had a steady quarter given the headwinds of oil costs and tough consumer demand in India and its standalone EBITDA margin was lower, caused entirely by high inflation in palm oil. The rur

FMCG, auto firms hike ad spends in Q2 to revive demand, eye festive boost

As urban demand slows, FMCG and auto leaders increase Q2 ad spends. Companies such as Nestle, Colgate, and Tata Motors focus on tactical marketing to clear inventory and boost sales

Rural demand lifts hope as inflation, monsoon slow FMCG growth in cities

FMCG growth dips to 4.1% amid high inflation and heavy rains; rural demand shows signs of recovery as monsoon boosts hopes for the kharif crop, while urban markets face slowdown