Page 18 - Fmcgs

Rural recovery, price cuts to drive volume gains for consumer companies

It's 'rule Britannia' for brokerages; analysts divided on extent of margin gains

Increasing interest costs

Corporate results indicate improving demand

Top headlines: FMCG demand up in Feb, Torrent moves SC against NCLAT order

Business Standard brings you the top headlines at this hour

FMCG, dairy firms betting on strong double-digit sales growth this summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives of FMCG and dairy firms. The summer season will also get a tailwind in the form of an abatement of the pandemic with increased consumer mobility. This will also help the out-of-home (OOH) segment, where the companies expect a sharp rise in sales after a slump of two years. Companies are ready with new and innovative offerings anticipating strong demand for their products this season and have started building inventory. Mother Dairy, one of the leading sellers of milk, dairy beverage products and Ice creams, said it is already "witnessing a surge in demand" with rising temperature and expects the trend to continue in the coming days. "In line with the same, we have already beefed up our value-chain to cater to any surge in demand across channels. "For a category like ice creams, which is a

Railways may shift to 'single-rate per container' policy to lure FMCG

With an eye on high-value freight like computer parts, engineering spares, electronic and FMCG, the Indian railways plans to shift to a 'single rate per container regime'

Saffola a Rs 2,000 crore-plus brand; worst of inflation is over: Marico CEO

Saffola, the master brand under which Marico offers healthier food options, is now worth Rs 2,000 crore-plus, said Marico MD & CEO Saugata Gupta. About inflation, Gupta told PTI the "worst" is behind and he sees a gradual recovery for the FMCG (Fast Moving Consumer Goods) segment with rural market making a comeback. The rural FMCG market, which has witnessed a decline in the last 4-5 quarters, is expected to have a turnaround in the next 2-3 quarters, he said. "I think the worst is behind," said Gupta, adding, "Overall for FMCG, we see a gradual recovery, but that has to be led by rural. Urban has been decent." At the industry level, food continues to do well and HPC (home and personal care) category is struggling a bit. This is because, last year, there was significant inflation, he said. As inflation eases, now he expects "better margins" in top-line and said the urban market and modern trade channels are recovering and going back to pre-Covid levels while the general trade is .

Dec quarter net up 65%, Nestle announces final dividend of Rs 75 per share

The company board has announced April 21, 2023, as the record date to determine the entitlement of the members to the final dividend for the year 2022

Marico Q3 net profit rises 5% to Rs 333 cr; revenue up 2.6% to Rs 2,470 cr

Home-grown FMCG major Marico Ltd on Friday reported a 5.04 per cent increase in consolidated net profit at Rs 333 crore in the third quarter that ended December 31, 2022. The company had posted a net profit of Rs 317 crore in the October-December quarter a year ago, Marico said in a regulatory filing. Its revenue from operations was at Rs 2,470 crore, up 2.61 per cent during the quarter under review, as against Rs 2,407 crore a year ago. In the third quarter of FY23, revenue from operations grew "with underlying volume growth of 4 per cent in the domestic business and constant currency growth of 8 per cent in the international business," said Marico in an earnings statement. Marico's total expenses were at Rs 2,067 crore, up 2.22 per cent in the third quarter of this financial year. Its revenue from the domestic market was up 1.87 per cent to Rs 1,851 crore in the third quarter of FY23. It was Rs 1,817 crore a year ago. "During the quarter, the FMCG sector in India showed some s

FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ

Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ

FMCG industry expects recovery in rural growth, consumer spending on track

The FMCG industry expects the government's special focus on the agriculture sector in the Union Budget 2023-24 would help to regain rural growth while providing more disposable income to the middle class and reviving volume growth. Terming the budget as "progressive and growth-oriented", leading FMCG companies such as Dabur, PepsiCo, Marico, Godrej Consumer, Mars, Wipro Enterprises, and Parle Products said, it has potential to revive the demand and propel long-term economic growth. "It's a positive and favourable budget, with the government's emphasis on infrastructure, technology, and entrepreneurship boosting economic growth. On the other hand, farmer-centric programmes, last-mile connectivity, and digitisation will further contribute to the FMCG sector's multiplier effect," said PepsiCo India President Ahmed ElSheikh. Dabur India CEO Mohit Malhotra said the proposal for a 33 per cent increase in overall capital expenditure outlay on infrastructure development will take India ...

Bikaji Foods posts PAT of Rs 33.05 cr, total income increases 15.8% y-o-y

The company has also reappointed Sachin Kumar Bhartiya as a Non-Executive and Non-Independent Director

Spencer's Retail casts net wide to reel in value-conscious consumer

Hypermarket chain to focus on tier III, IV cities, launch to be held in phases

D-Mart hits six-month low as Q3 margins drop to 8.34% due to weak demand

It said the decline mainly reflected a change in product mix and weaker-than-expected discretionary non-FMCG sales

Consumer companies push deal activity to 25-year high in 2022, shows data

Many small brands swallowed up in catch-up acquisition spree

Margin gains ahead for Godrej Consumer Products on strong sales

The quarterly update indicates strong sales momentum across geographies

FMCG cos expect fewer price hikes, robust growth in 2023 despite headwinds

Industry strong enough to withstand another Covid hot for at least two quarters; global recession to have little impact; rural demand remains a concern

FMCG companies see some respite in rural demand in last two weeks

While it is too early to say that rural demand has revived but this is the first time demand for consumer goods have witnessed green shoots

Stocks of realty, consumer services firms are FPIs' stocking stuffers

A combination of sectoral rotation and better consumer spending is attributed to the shift towards realty and consumer services stocks

No mountain too high: A steady ascent likely to sustain for Nifty

Trend reversal could be called only if index falls below 17K; trend followers can continue with bullish bets on Private Bank, FMCG indices

Top Headlines: Govt to curb imports of Chinese fans, rural FMCG demand dips

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