Page 17 - Fmcgs

Unseasonal rain curtails FMCG demand in May; rural segment grows 2.2%

Beverage sales were down 29.4% YoY in May; March-June accounts for over half of the annual demand

Patanjali Foods aims Rs 5K cr profit at Ebitda, over Rs 50K cr in 5 yrs

Edible oil firm Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations. Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, he highlighted. "Our target is to achieve more than Rs 5,000 crore profitability at EBIDTA level and over Rs 50,000 crore turnover in the next five years," Ramdev said. During the full 2022-23 fiscal, the net profit rose to Rs 886.44 crore from Rs 806.30 crore in the preceding fiscal. Th

FMCG stocks get a boost from improving prospects; analysts are bullish

Despite high valuations, analysts are bullish and upgrading targets on the back of volume and margin gains for companies

Margins remain a pain point for organised FMCG supply-chain companies

Experts say gross margins are low, with the last-mile supply chain and retailer not making money

Varun Beverages briefly becomes 4th largest FMCG by market capitalisation

Overtakes Britannia in m-cap during intraday trade

FMCG companies chase volume growth, slice prices, bump up grammage

For the past two years, these companies were forced to increase prices and cut grammage as raw material costs rose significantly

Small grocery stores are making a comeback despite growing ecommerce demand

Despite the rapid rise of modern trade and ecommerce, FMCG companies said they would continue to focus on direct distribution in both urban and rural areas, primarily targeting local grocers

FMCG volume growth returns in January-March quarter, shows NIQ data

In its forecast, NIQQ said that despite global uncertainties, India's FMCG market forecasted growth is at 7%-9% for full year 2023

FMCG sales slow on lower stocking; home care only category to report growth

Home care was the only category which saw growth on a year-on year basis in April at 11.2% however it was down sequentially at 20.9%

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Dabur India's Q4 net profit falls to Rs 292.76 crore, revenue up 6.4%

Revenue from operations in the fourth quarter, meanwhile, jumped 6.4 percent to Rs 2,677.8 crore for the quarter under review, as compared to Rs 2,517.81 crore in the year-ago period

Top headlines: Likely profitable Q4 for India Inc, rural FMCG sales up

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Demand trajectory slightly improved sequentially in March quarter: Dabur

Demand trajectory across urban and rural markets in India has shown a "slight improvement" sequentially in the March quarter, although it falls short of a full recover, FMCG major Dabur said. Despite near-term consumption pressure, some "green shoots" are emerging such as moderating inflation, improving consumer confidence and increase in government spending. "While urban markets have returned to positive volume growth, rural markets still remain muted," said Dabur in its latest quarter updates. The company expects a "mid-single digit revenue growth" for the January-March quarter in such a scenario. Its F&B business continues to trend at robust levels and will report strong double-digit growth, while healthcare portfolio is expected to be in a positive growth trajectory, it added. Home & Personal Care (HPC) will report low single-digit revenue growth on account of a slowdown in the personal care categories. "Our brands continued to record gain in market shares in most of the ..

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Nestle India dividend 2023: FMCG giant to consider dividend pay on April 12

Nestle India said that the company's unaudited financial results for the first quarter ending March 31 would also be considered at the Board of Directors meeting

Saj Food Products likely to touch a revenue of Rs 2,500 cr in FY24

Biscuit maker Saj Food Products, which is expecting to touch a revenue of Rs 2,500 crore in the 2023-24 fiscal, is eyeing at Rs 5,000 crore turnover in five years, a company official said on Tuesday. The Kolkata-headquartered company, which owns Bisk Farm' brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore. "We are aiming at Rs 5,000 crore of revenue in the next five years. The company expects to touch a turnover of Rs 2,500 crore in the next fiscal, Saj Food Products managing director Vijay Kumar Singh told reporters here. The biscuit maker is trying to expand its distribution network in the east, south and north of the country for achieving a higher revenue next fiscal, he said. The company, currently, has six plants - four in West Bengal and one each in Nagpur and Bangalore. We are building our new plant in Guwahati at an investment of Rs 200 crore and it will be operational by the January-March quarter of 2024, Singh said. The company

From soft drinks to soaps, Ambani's Reliance unveils big price war plan

After stirring a price war in the soft drink segment with the relaunch of Campa, billionaire Mukesh Ambani-led Reliance has entered the personal and home care segment of FMCG, offering products at 30 to 35 per cent lesser price. Experts say "the jury is out" and a competitive offering from Reliance would attract the customers to try its products and evaluate performance, quality and perception in comparison to the same from the established brands. Products of RCPL, the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), are available only in selected markets but the company is building a dealer network on a pan-India basis, and the availability of its products will be scaled up across modern and general trade channels. "They are creating a distinct and dedicated distribution network comprising traditional dealer/stockists as well as modern trade b2b channels," said an industry source. It articulates ambitions to be a relevant player in the USD 110-billi

Udaan plans to expand FMCG reach 6-fold to 10,000 small towns, villages

Riding on the opportunity in the cold beverages segment in rural areas, B2B e-commerce unicorn Udaan is planning to expand FMCG vertical reach six-fold to around 10,000 small towns and villages in a year, a senior company official said. The Lightspeed Ventures Partners-backed firm is expecting to double its business in the cold beverages segment on a year-over-year basis in the upcoming summers, Udaan FMCG Business head Vinay Shrivastava told PTI. "Given the wide choice of partner brands available on the platform and our expansion across Bharat through Project Vistaar, we are targeting growth of around 100 per cent YoY in cold beverages on the back of strong demands from retailers/kirana owners in rural markets," Shrivastava said. Udaan has undertaken an ambitious project by the name of "Project Vistaar' to grow the FMCG business and tap rural opportunities. Started in the Ghazipur and Jaunpur districts of Uttar Pradesh, the company is servicing rural markets, having up to 3,000 ..

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Consumers switching back to buying regular or mid-priced packs in FMCG

The demand for regular packs has revived especially in categories like snacks, biscuits, edible oil, and detergents after more than a year