Page 19 - Fmcgs

FMCG makers encouraged by early trends; hope for rural growth in next qtrs

Leading FMCG makers are witnessing encouraging trends from the initial pickup of their winter products portfolio, expect consumption to accelerate further as mercury dips, making them hopeful for growth from the rural areas. Makers such as Dabur, Emami and Marico are witnessing pickup in their winter-specific products portfolio ranging from skin care products to immunity products such as chyawanprash and honey. Moreover, the makers are also expecting rural sales to bounce back in the coming quarters helped by a good harvest and softening of general inflation. While winter products are doing well on new-age channels such as e-commerce and modern trade channels. Marico COO India Business and CEO New Business Sanjay Mishra said winter has always been a crucial season for some products in their portfolio like body lotion and the Saffola Immuniveda range, especially from the northern region. This year again we have seen consumption going up for both of these as we enter winter, Mishra t

NextG Apex plans to increase its employee count to 5,360 by FY25

Business consulting firm NextG Apex on Friday said it is planning to increase its manpower to 5,361 by FY25 to support its expansion into several verticals, including FMCG and health. At present, NextG Apex has a headcount of 543 employees that they want to raise to 902 by end of FY23 and 5,361 by 2024-25, the company said in a statement. This hiring is mainly in line with the company's plans for expanding business operations across verticals like FMCG, health and beauty and F&B over the next 2-3 years, it added. The recruitment will mainly be in cities that contribute over 80 per cent of the business, and going forward 40-50 per cent of the hiring will shift to tier II and III cities, it said. "Our hiring plans are majorly focussed on field operations and thus 70 per cent of the total hiring will add to our feet-on-street fleet. There's another 20 per cent requirement for mid-level supervisory people, 5 per cent for managerial talent, 3 per cent for back-end positions and 2 per ..

National with a regional twist: FMCG majors tweak product line-up

HUL also has different formulations of Surf Excel for different parts of the country as the water differs across regions

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

DealShare launches private brands, plans Rs 500 cr investment in 2-3 years

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

FMCG major Dabur announces investment of Rs 325.87 crore in Indore plant

Home-grown FMCG major Dabur on Wednesday said it will invest Rs 325.87 crore in its Indore plant. The company will manufacture red toothpaste and one-litre juice packs, and increase the production capacity of portion packs of its range of juices. "The Board of Directors have approved the Capital Expenditure of Rs 325.87 crore for its Indore Project in Madhya Pradesh," the company said in a regulator filing. The work for capacity addition would be completed in the next 1.5 years, and production would start in March 2024, the FMCG firm said. This capex would be financed through internal accruals, Dabur added. Earlier this year, during an investors' call, Dabur said it has planned a capex of Rs 400 crore to Rs 450 crore in FY23 to expand its manufacturing capacity. Last year, Dabur India announced an investment of Rs 550 crore at its Indore plant.

Dabur Q2 profit slips 2.8% to Rs 490.86 cr; revenue up 6% at Rs 2,986.5 cr

Homegrown FMCG major Dabur India Ltd on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India said in a regulatory filing. However, its revenue from operations rose 6 per cent to Rs 2,986.49 crore during the quarter under review against Rs 2,817.58 crore in the corresponding quarter of the previous fiscal. Dabur India's total expenses increased 8.94 per cent to Rs 2,471.28 crore in the latest September quarter. The same stood at Rs 2,268.47 crore last year.

What does demerger of the financial services biz mean for RIL shareholders?

Reliance Industries will demerge its financial services business and list as a separate entity. Will a fast-growing consumer and merchant loan book be enough to impress shareholders? Let's find out

Festivities push FMCG sales up 11% in first two weeks of October

Sales were down in September due to weak rural demand

Financials, IT, energy see highest FPI selloff in last fortnight of Sept

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

Patanjali Foods plans to build export portfolio of FMCG, health products

Firm to focus on new launches with high margins and high growth

Consumer companies expect strong sales revival this festival season

There are expectations of a good kharif crop as well

Rs 58.5K cr of taxes lost in 5 industries due to illicit trade: FICCI study

Says 1.5 mn jobs lost because of such trade; FMCG sector worst affected

FMCG firms offer discounts, price cuts as raw materials get cheaper

Food companies are still in wait and watch mode

Reliance Retail to seek doubling of borrowing limit to Rs 1 trillion

According to the Reliance Retail's annual reports, the company will seek shareholders' approval in the September 30 annual general meeting

Financials, FMCG get nearly half of FPI flows in August, says report

Despite the positive flows, the allocation in IT at 10.7 per cent dropped for the fifth consecutive month and is the lowest since March 2018

Reliance Retail buys into 'desi' power by acquiring local consumer brands

By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business

TMS Ep253: Reliance FMCG, IT industry, Shapoorji Pallonji, Nord Stream 1

Will Reliance's FMCG entry be another Nirma moment? Will margin pressures end IT's glory days? What next for Shapoorji Pallonji Group after Mistry's death? What's Nord Stream 1 pipeline? Answers here

Will Reliance's FMCG entry be another Nirma moment?

Reliance Industries' entry in the FMCG sector will heat up competition in the space dominated by the likes of HUL, ITC, Nestle India and Patanjali. Will Reliance be a disruptor in this segment too?

Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom

In comparison, urban sales were up 5.5% month-on-month