Page 10 - Fmcgs

With crude palm oil rates on fire, consumer firms start raising prices

Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months

Fssai now more proactive, industry-centred with faster responses: Nestle

There has been a dramatic change in the tone and tenor of FSSAI, and the Indian food regulator has now become more pro-active and industry-centred with fast responses in the last decade, said Nestle India Chairman and Managing Director Suresh Narayanan. Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said Narayanan, who led Nestle India after the Maggi crisis, which unfolded almost a decade back. In June 2015, FSSAI banned Maggi noodles for allegedly containing lead beyond permissible limits, forcing the company to withdraw the product from the market. Industry observers opine that only after the Maggi crisis did the FSSAI come into the limelight across the country though it was established almost seven years ago, in September 2008, to lay down science-based standards for food articles and rules and regulations. Nestle India relaunched Maggi in November 2015 after the ban was .

Kirana stores face tough Diwali with 30% sales drop, quick commerce thrives

In India, approximately 13 million kirana stores form the backbone of FMCG distribution, especially in rural regions and Tier-II and Tier-III cities, accounting for nearly 85 per cent of sales

FMCG distributors write to CCI over unfair practices by quick commerce cos

The association has also sought to facilitate a dialogue among all stakeholders, including FMCG companies

Naturals Salon eyes disruption in personal care space via refill model

New model will shave off packing and transportation charges, and allow consumers to pay 60% less than market price

Bissell re-enters Indian market after 6 years, aims for future growth

Bissell, a Michigan US-based homecare solutions provider, has re-entered India with its range of vacuum cleaners after six years, expecting the country to be a "very important market in the future". Though India is a relatively small market for floor care globally, looking at its demography and growing economy, it is an investment for the future, Bissell President, Global Markets, Max Bissell, told PTI. "Our belief is that India will be a very important market in the future. If we just look at the population and the opportunity ahead of us, this is an investment for the future," he said. Bissell has entered into a partnership with Cavitak Global Commerce, for distribution in India and will focus on introducing its portable wet and dry vacuum cleaning systems such as 'SpotClean Hydrosteam' and 'SpotClean Proheat', which are already available on the e-commerce platform Amazon. "This is an investment for the next generation where we can enter the market knowing that it's not going to

Manish Tiwary to become Nestle India MD after Narayanan retires in 2025

FMCG major Nestle India on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires in July next year. Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing. Narayanan will retire as Chairman & Managing Director of Nestle India on July 31, 2025 after serving 26 years, it added. The nominations have been received from the Swiss parent firm Nestle SA. However, "the proposal is subject to necessary approval," said Nestle India. Tiwary is a Director at Amazon Digital Services and More Consumer Brand. He will step down from his directorship on October 30, 2024, the statement said. Tiwary, an alumnus of IIM Bangalore has nearly three decades of experience in leading large-scale operations and strategic initiatives in e-commerce and consumer goods sector. He join

Govt seeks explanation from edible oil companies on rising prices

The government on Friday sought an explanation from edible oil firms for the rise in retail prices of cooking oils despite advising them to ensure price stability amid the availability of adequate stocks imported at lower duties. On September 14, the Centre hiked the basic customs duty on various edible oils to support domestic oilseed prices, and subsequently on September 17 the food ministry convened a meeting with edible oil industry bodies to make sure that there was no rise in retail prices. "The industry has been asked to clarify and furnish reasons as to why the prices are showing upward trend since the announcement of import duty hike, despite the government's directions to maintain retail prices in the coming festival season," a senior food ministry official said on Friday. The ministry's assertion is that stocks imported at lower duties would easily last 45-50 days and therefore the processors should refrain from increasing maximum retail prices. Also, the price increase .

FMCG CEOs raise concerns over GST, ease of doing biz at World Food India

Executives discussed range of issues with ministers at World Food India event

Reliance Retail to transfer FMCG brands to RCPL, plans for major expansion

Reliance Retail will transfer its FMCG brands, including Campa and private labels, to its new arm RCPL to accelerate business expansion with a dedicated focus

Mrs. Bectors Food Specialities rallies 10%; stock surges 30% over QIP price

Mrs. Bectors Food on Tuesday, September 10, informed that the company has allotted 2.58 million equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,550 per share.

From Parle Products to Dabur, consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

Looking to invest in 8 to 10 strong brands: Emami V-C, MD Harsha V Agarwal

Agarwal talks about the plans to make The Man Company a Rs 1,000 crore brand, and the focus going ahead

Adani Wilmar eyes FMCG expansion, sets aside $1 billion for 3 acquisitions

Adani Wilmar is planning to purchase at least three brands specialising in spices, ready-to-cook foods, and packaged edibles

FMCG major Emami to acquire remaining 49.6% stake in 'The Man Company'

Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand The Man Company'. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. "The completion of the acquisition of Helios by Emami will strengthen its presence in the fast-growing digital-first premium male grooming segment," it said. Emami had previously acquired 33.09 per cent equity stake in Helios in two tranches -- one in December 2017 and the other in February 2019. Later, it increased the stake to 50.4 per cent in 2022. The Man Company, a digital-first lifestyle brand, offers premium men's grooming products in categories including fragrances, skin care, hair care, body care and beard management. "The segment offers huge potential for innovation & growth. Emami is already an active player in the male grooming segment through its brand Fair and Handsome," the ...

Committed to double-digit growth in FY25, exploring opportunities: Emami

Home-grown FMCG major Emami is looking for double-digit growth in the current fiscal year and will keep exploring inorganic and strategic opportunities to enter into new product categories, its Chairman R S Goenka said. Emami's focus will be to grow revenues with robust margins, generating adequate cash flows to reinvest in the business and strengthening sustainability, he said while addressing the AGM of the company. The company remains "optimistic about future growth" supported by a favourable economic landscape, forecast of a normal monsoon, anticipated rural market recovery, government initiatives, and promising macroeconomic factors, contributing to a "confident outlook", Goenka added. "We are committed to achieve double-digit growth in the new financial year," he said. Besides, Emami which has made some acquisitions in the past -- AloFrut, Creme21 and Zandu, will continue to explore such growth opportunities allowing it to enter into a new segment and expand its play area. "

FMCG distributors raise concern over unregulated growth of 'quick commerce'

FMCG distributors have raised concerns over the "rapid and unregulated growth" of quick commerce platforms, saying it needs immediate scrutiny. In a letter written to Commerce & Industry Minister Piyush Goyal, FMCG distributors' body AICPDF said this unchecked expansion of quick commerce platforms, which typically deliver goods within 10 to 30 minutes, is creating an "uneven playing field", threatening the livelihoods of millions of small retailers and distributors who have been the backbone of India's retail sector for decades. The All India Consumer Products Distributors Federation (AICPDF) also suspected potential violations of FDI regulations by these quick-commerce companies and sought an immediate investigation into the operational models of these platforms. The rapid growth of quick commerce platforms like Blinkit, Zepto and Instamart has posed significant challenges to the traditional retail sector and the established fast-moving consumer goods (FMCG) distribution ...

Quick commerce's growth disrupting retail, say FMCG distributors

FMCG association writes to govt seeking redressal

India only country to deliver double-digit sales growth of FMCG: Report

India is the only country in the Asia-Pacific region, where sales of FMCG and tech durable sectors from modern trade channels are consistently delivering double-digit growth, helped by premiumisation and festive period sales, data analytics firm NielsenIQ said in a report. India has a dominant position in the Asia Pacific region in modern trade sales, where the premium-plus pricing segment accounts for nearly 40 per cent of FMCG sales and 30 per cent of tech durables sales, according to the findings of the report. "India emerges as the only market consistently delivering double-digit growth in both the FMCG and tech & durables sectors, underscoring the resilience and evolving preferences of Indian consumers," said NielsenIQ report titled 'Full View of Modern Trade Retail Trends'. Though online channels continue to grow rapidly in India, modern trade channels remain a preferred channel, it added. Modern trade involves selling goods through large, organised stores like supermarkets,

Colgate, Pidilite, Britannia among Nuvama's top consumer bets; here's why

According to Nielsen, the consumer sector grew 4% Y-o-Y in Q1FY25, down from 6.6% in Q4FY24. Pricing saw a marginal increase of approximately 0.2 per cent, while volumes rose 3.8% Y-o-Y.