Page 13 - Fmcgs

Interim Budget 2024: FMCG companies poised for rural demand revival

Budget schemes to revive demand over a period of time

Plateful of vision: Sanjiv Puri takes us through ITC's ambitious menu

Puri notes that tax stability in recent years has allowed the cigarette industry to recover from illicit trade, a trend that has been unfolding over several quarters

FMCG companies likely to cash in on Korean noodles trend in India

According to the latest data shared by consumer intelligence firm NielsenIQ, the size of the Korean noodles market has surged from ₹2 crore in 2021 to over ₹65 crore in 2023

No rebranding plans for Ching's Secret, Smith & Jones, Organic India: Tata

Tata Consumer is set to acquire a controlling stake in Organic India at a valuation of Rs 1,800 crore and a 75 per cent stake in Capital Foods at a valuation of Rs 5,100 crore

Tata Consumer Products plans Rs 3,500 cr rights issue for acquisitions

TCPL aims to diversify into high-margin, value-added food segments beyond commodities through its acquisitions of Capital Foods and Organic India, valued at Rs 7,000 crore

TCPL to fund 2 acquisitions with cash reserve, bridge financing: MD D'Souza

Tata Consumer Products (TCPL) would fund its acquisitions of Capital Foods Ltd and Organic India Ltd having a combined enterprise value of Rs 7,000 crore, through internal cash reserve and bridge financing, MD and CEO Sunil D'Souza said on Sunday. Both the acquisitions operate in areas which offer "huge runway for growth", where margins are "far accretive" and business is growing at a healthy pace, he said. Besides, TCPL will continue to strengthen its portfolio in the food & beverage segment organically to fill the gaps but it will also scout for inorganic growth opportunities if someone offers a better brand, technology and team, he added. Last Friday, TCPL announced complete acquisition of Capital Foods, which owns brands like Ching's Secret and Smith & Jones, at an enterprise valuation of Rs 5,100 crore and Fab India-backed Organic India, which operates in the health and wellness category, at an enterprise value of Rs 1,900 crore. The Tata Group FMCG arm would fund half of

Some Maharashtra distributors to stop stocking of HUL's Taj Mahal tea

AICPDF has also asked for a provision in the software system to prevent billing to outlets without valid FSSAI licenses

Liquor stocks raise a toast to premiumisation trends, margin gains

Already outperformers in FY24, leading listed players may witness further uptick, say analysts

Top FMCG makers expect low to mid-single-digit volume growth in Q3

Leading FMCG makers are expecting a low to mid-single-digit volume growth in the October-December quarter, with an improvement in consumer demand on a sequential basis. Consumer demand from the rural market is lagging, though the urban markets stayed steady in the third quarter as exhibited in the September quarter, said leading listed FMCG firms such as Dabur, Marico and Godrej Consumer Products in their quarterly updates. Companies are optimistic of a gradual uptick as early signs of revival in consumption are visible with improving trends in volumes. Besides, the makers also expect expansion in the gross margins on a year-on-year basis helped by moderating inflation as prices of key inputs such as copra and edible oil prices remained at lower levels and crude derivatives also exhibited some downward bias. This will help FMCG makers channelise more funds towards advertising and promotions. "A significant portion of gross margin expansion will be channelled into enhancing adverti

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

Weak rural demand to delay Dabur's recovery; worst performer among peers

The slowdown in consumption was on account of higher food inflation that had impacted the home and personal care segment

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses

FMCG flavours: Better volumes and rural demand revival uptick in 2024

From an uptick in rural demand to higher volumes and favourable commodity prices, the country's FMCG industry is pinning hopes on diverse catalysts for a double-digit volume-led growth in the new year after a challenging 2023. Weaker-than-expected festive demand, rainfall deficit that hampered rural growth, unseasonal rains that dampened sale of beverages and higher commodity prices all together cooked a difficult-to-digest market recipe this year even though "green shoots" of recovery are becoming more visible. The sector, which has a high growth potential especially in an emerging market like India, is anticipating 2024 to be a "better year" with favourable input prices benefitting the Home and Personal Care (HPC) as well as certain food business segments. "We expect the demand situation to improve as we enter the next financial year. We expect FMCG players to increase the pace of innovation and premiumisation and also focus on significant investment behind expanding the quality o

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

ITC's FMCG biz grows at 14% CAGR in last 3 yrs, Aashirvaad Rs 8k cr brand

Diversified group ITC's FMCG business expanded at a compounded annual growth rate of 14 per cent in the last three years while its Aashirvaad brand has become an Rs 8,000 crore product in terms of consumer spends, according to a company presentation. ITC is "one of the fastest growing FMCG Businesses in India" with rapid scale in revenues, which is largely "driven by brands developed in-house", ITC in an investor presentation released on Tuesday. ITC's FMCG products are now "present in 3 of 4 households in India," it added. Its foods business has a CAGR of 13 per cent over 10 years and 3-times growth in last 10 years. The Sunfeast brand has crossed over Rs 5,000 crore in terms of consumer spends, said ITC. Moreover, its snacks brand Bingo, Yipee under which it sells instant noodles, Agarbatti brand Mangaldeep, stationery brand Classmate and its spice brand Sunrise have crossed Rs 1,000 crore of consumer spends. The company measures annual consumer spend as the sum total of what

FMCG companies expand into adjacent categories that offer high growth

The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained

Beauty-personal care split: HUL sets sights on customer of tomorrow

On Friday, the consumer major also announced that it had named Arun Neelakantan its chief digital officer effective January 1

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Around 70 distributors in Maharashtra and Goa are sitting on 90 days of inventory

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

From Godrej to Tata, India Inc begins breaking the diversity mould

According to Godrej, it communicates LGBT+ inclusive policies and practices through LinkedIn posts and ensures that job descriptions are crafted accordingly