Page 12 - Fmcgs

Adani Wilmar reports 13% volume growth in June quarter, exports up 36%

Edible oil major Adani Wilmar on Friday said it has reported a 13 per cent volume growth in the June quarter. The double-digit growth was propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets, the company said in a business update. In the first quarter of the current fiscal, "the company achieved robust volume growth of 13 per cent YoY," the company said. Adani Wilmar has reported a 19 per cent year-on-year (YoY) volume growth in the first quarter from alternate channels such as e-commerce, quick commerce and modern trade channels. The company, which sells edible oils and some other food products under Fortune brands, has also strengthened the traditional channels as general trade. Besides, "the volume of our branded exports increased by 36 per cent in Q1," it added. In the edible oil segment, Adani Wilmar's business thrived due to robust execution in sales and distribution. Its food products business also ..

FMCG manufacturers say Q1 sales growth picks up as demand improves

Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country

FMCG sector may see 7-9% revenue growth in FY25 on rural recovery: CRISIL

The fast-moving consumer goods (FMCG) sector is expected to see a revenue growth of 7 to 9 per cent this fiscal, helped by higher sales volume and a revival of rural markets, Crisil Ratings said in a report. Volume growth from urban consumers will also remain steady at 7 to 8 per cent supported by rising disposable incomes and continued focus on premium offerings by the industry players, especially in the personal care and home care segments, it said. Moreover, the premiumisation trend and growth in volume will expand the operating margin of FMCG companies "by 50-75 basis points to 20-21 per cent", it said. "The margin expansion would have been higher but for rising selling and marketing expenses amid heightened competition among organised and unorganised players alike," the report added. The product realisations in FY25 are "expected to grow in low single digits with a marginal rise in prices of key raw materials for the food and beverages (F&B) segment", however, key raw ...

Five entities sell 11% stake in FMCG firm Hindustan Foods for Rs 638 crore

Five entities on Wednesday sold an 11 per cent stake in FMCG firm Hindustan Foods for Rs 638 crore through open market transactions. Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense India Opportunities 11, and Konark Trust offloaded shares of Hindustan Foods through five separate block deals on the National Stock Exchange (NSE). A total of 1.27 crore shares, or 11 per cent stake, in Hindustan Foods were pared by these five entities on the exchange. As per the data available, Jwalamukhi Investment Holdings sold 62.81 lakh shares of Hindustan Foods, Infinity Consumer Holdings offloaded 31 lakh scrips, WestBridge AIF I disposed of 23.98 lakh shares of the company. In addition, Sixth Sense India Opportunities 11 offloaded 7 lakh shares of Mumbai-based Hindustan Foods, and Konark Trust sold 2.36 lakh scrips of the company. The shares were disposed of at an average price of Rs 502 apiece, taking the combined deal size to Rs 638.40 crore. After t

Certain FMCG sectors may face tampering of growth: Deloitte report

Certain sectors including beauty products, personal care, consumer electronics and consumer durables may face a tempering of growth, according to a report from consulting firm Deloitte. The decline is on account of the high volume of purchases post-pandemic that have created a high base for FY25, according to Deloitte's Future of Retail report. The report also highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY202425, it added. Yet the growth in premium products has outpaced entry-level products in several sectors, including electronics and personal care. Companies will benefit from understanding the preferences of their customers for premium products and using them to drive growth, it said. Based on the survey, the report said a large section of ..

India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report

The FMCG sector is expected to have a sustained growth rate of 7-9 per cent in 2024, supported by government initiatives to stimulate consumption and create job opportunities, a report said. The FMCG sector's resilience and adaptability, coupled with robust government support and digital transformation initiatives, position it favourably to navigate through uncertainties and emerge stronger. "Looking ahead, the FMCG sector in India is poised for sustained growth, with forecasts indicating a 7 to 9 per cent expansion in 2024," a report from ICICI Lombard General Insurance said. However, the sector faces challenges such as "inflationary pressures, subdued consumer confidence, and prevailing unemployment rates". Now, the FMCG industry has a "burgeoning economic footprint", which exceeds Rs 9.1 lakh crore and has a "pivotal role" in driving India's economic growth and employment generation, it added. Moreover, the online sales channel for FMCG is also increasing and has been valued at

FMCG companies increase prices to maintain margins due to high input costs

Fast-moving consumer goods companies have increased prices by 2% to 9% on soaps and body washes, 8% to 11% on hair oils, and 3% to 17% on select food items

Nestle, VBL, Godrej Cons: Nuvama picks these FMCG stocks on robust outlook

The rural markets have outpaced urban demand, registering a 7.6 per cent increase compared to a 5.7 percent rise in urban areas, in the March quarter of FY24

Gopal Snacks zooms on new product launch; stock falls 17% from issue price

Gopal Snacks stock price surged after the company launched a new product in the wafers category under its brand "Cristos"

FMCG major Dabur seeking clarity on FSSAI's 100% fruit juice directive

The firm sells its 'Real Activ' brand with the claim of 100 per cent juice

White collar hiring improves on demand from oil & gas, banking sectors

White collar hiring has begun improving steadily on the back of major sectors like Oil and Gas, Banking and FMCG, a report said on Wednesday. Hiring activity grew by 6 per cent in May compared to April driven by sectors like Healthcare and the Travel and Hospitality, according to the report.. White collar hiring, however, was down by 2 per cent compared to the same month last year.. Most sectors reported mid-single-digit growths, however, decline in hiring in IT (0 per cent YoY), BPO (3 per cent) and Education (5 per cent) dragged down the overall Naukri JobSpeak Index, it stated. Major sectors such as Oil and Gas (14 per cent), Banking (12 per cent) and FMCG (17 per cent) notched up healthy growth, while Healthcare and Travel and Hospitality, each showcased a robust 8 per cent growth, said the report. Smaller cities continued to outperform major metropolitan areas, and there was notable demand for senior professionals, contributing to a healthy year-on-year growth in opportunitie

Summer-centric products sizzle as heatwaves persist across country

Beverage major Coca-Cola also reported a spike in demand across its portfolio

Voting advisory firms divided over FMCG major ITC hotel demerger move

IiAS recommends 'against' vote; InGovern, SES bat the deal

Reliance Consumer Products to focus on beverages, Independence brand

Biscuits to be the next focus for the company

FPIs exit BFSI, information technology stocks in May's opening weeks

FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in consumption in the first quarter of 2024, but non-food saw almost double the growth as compared to food, NielsenIQ (NIQ) said in its quarterly snapshot for Q1 2024. The FMCG industry has experienced a 6.6 per cent growth in value, attributed to a 6.5 per cent increase in volume at an all-India level. The volume growth for this quarter was higher than Q1 2023, which stood at 3.1 per cent, it added. NIQ Head of Customer Success India, Roosevelt Dsouza said, "The FMCG industry's growth continues to be driven by consumption trends in Q12024 with rural areas surpassing urban growth for the first time in five quarters." Notably, Dsouza said home and personal care (HPC) ...

Consumer sentiments highest in at least 62 months, shows CMIE data

Index of Consumer Sentiments index is at its highest level since at least March 2019

P&G Hygiene and Health Q3 profit falls 6.5% to Rs 154.4 cr, sales up 13.5%

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a decline of 6.45 per cent in profit after tax at Rs 154.37 crore in the third quarter ended March 2024 on account of one-time tax impacts. The company, which follows the July-June financial year, had reported a profit after tax of Rs 165.02 crore in the corresponding quarter of the preceding fiscal. However, Procter & Gamble Hygiene and Health Care Ltd (PGHH) revenue from operations increased 13.48 per cent to Rs 1,002.17 crore during the quarter under review. It was at Rs 883.09 crore a year ago. Its Profit After Tax (PAT) of Rs 154.37 crore "was down 6 per cent vs year ago due to one-time tax impacts in the base as well as current quarters", said the earnings statement from the company which owns popular brands such as Vicks in healthcare and Whisper in feminine care. However, its PAT was "up 50 per cent operationally fuelled by product-price mix and productivity interventions", it added. PGHH's total expense

HUL Q4 result: Net profit slips 1.6% to Rs 2,558 cr, demand pickup expected

"We believe that the market is slowly returning to normal. If macros and monsoons do help the agri economy...then that will also add to the change," said Jawa

Supreme Court expands scrutiny to FMCG after Patanjali misleading ads case

Nestle, Bournvita, and MDH have all come under public scrutiny after reports questioning the quality of the consumer goods emerged within the last month