Page 24 - Fmcgs

Slowing profits

Inflation is affecting demand and margins

What is downtrading?

People are hit by rising inflation. Like the FMCGs, which resorted to shrinkflation, consumers are now shifting to affordable products due to soaring prices. It is called downtrading. Let's know more

Tata Consumer Products plans re-entry into non-foods FMCG business

After exiting the non-foods FMCG space in the 1990s, the conglomerate is looking to re-enter the field

Adani Wilmar acquires Kohinoor rice brand in India to strengthen position

The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments

Unilever hikes prices by more than 8% as cost pressures build

LONDON (Reuters) -Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry's ice cream hiked prices by more than 8% to offset higher supply chain and energy costs, more than outweighing a dip in sales volumes.

Nestle India Q1 net profit slips 1.25% to Rs 594.71 cr; net sales up 9.74%

FMCG major Nestle India Ltd on Thursday reported a 1.25 per cent decline in its net profit to Rs 594.71 crore for the first quarter ended March 2022. The company, which follows January-December financial year, had posted a profit of Rs 602.25 crore in the same period a year ago, Nestle said in a BSE filing. However, Nestle India's net sales increased 9.74 per cent to Rs 3,950.90 crore during the quarter against Rs 3,600.20 crore in the corresponding period last fiscal, the company added. Its total expenses in the January-March quarter rose 12.98 per cent to Rs 3,195.90 crore compared to Rs 2,828.61 crore a year ago. Nestle India's domestic sales surged 10.23 per cent to Rs 3,794.26 crore from Rs 3,442.03 crore in the January-March quarter of 2021. Its exports were marginally down by 0.96 per cent at Rs 156.64 crore against Rs 158.17 crore in the year-ago quarter. Shares of Nestle India Ltd were trading at Rs 18,089.60 apiece on BSE in the mid-session, up 1.22 per cent from its ..

Nestle Q1 growth beats expectations thanks to strong price increases

Nestle group sales reached 22.2 billion Swiss francs, versus a 21.7-billion-franc estimate in the poll.

Dabur India to induct 100 EVs for last-mile product distribution

All the 100 vehicles would be inducted within the next 12 months across the nation, Dabur India Ltd CEO Mohit Malhotra said in a statement

Q4 expectations: Price hikes may help FMCG firms report higher sales

Volumes to remain under pressure as rural demand continues to be weak

Plastic ban looming, FMCG firms consider importing paper straws

Nestle has already made the switch; Dabur, Amul, Parle weigh options

Price hikes slow down FMCG sales growth in March quarter, shows data

We are, however, seeing an immediate slowdown in sales at urban areas as rural consumers buy smaller packs more frequently: Bizom

Russia-Ukraine crisis: Investors look at defensive plays in tough times

Given volatility, choose stocks within IT, FMCG, health care space, say experts

Procter & Gamble India extends benefits to partners of LGBTQ+ staff

FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees. Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) employees as well, Procter & Gamble India said in a statement. From April 1, 2022, partners of LGBTQ+ employees would be covered under the company's medical plan that provides hospitalisation coverage to staff and their dependents, it added. Besides, LGBTQ+ employees can avail emergency financial assistance for their partners, said P&G India which operates here with a portfolio of power brands that include Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders and Vicks. P&G India provides emergency financial assistance to its employees and their partners in case of natural calamity, death of an immediate family member or hospitalisation of ..

Nestle India bucks rural growth trend in Q4 with 9% YoY revenue spike

Smaller contribution of 20-25% from rural sales helped; net profit down 20% due to exceptional item

Blackstone bets on hunger for urgent delivery in Europe in $24-bn deal

Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics

Volumes to recover after two quarters along with margins: Godrej Consumer

FMCG major Godrej Consumer Products Ltd (GCPL) is expecting volume growth to recover gradually next fiscal along with improvement in margins, coming out from the consumption slowdown and inflationary pressures, according to company Managing Director & CEO Sudhir Sitapati. The company will continue to focus on three existing categories - Household Insecticides, Air Care and Hair Colours - in both domestic as well as international markets for growth, as it believes there is "plenty of opportunities" in these areas. The Godrej group FMCG arm expects to have a "low volume growth and gradual improvement in EBITDA" for the ongoing January-March and coming April-June quarters. "As next year progresses, I expect volume growth to gradually recover but the EBITDA journey and the margin journey to go up continuously. I expect after two quarters or so, volumes will go up and margins will be a steady story going up," Sitapati told PTI. Terming the current situation in the market as ...

Innovation is going to be the 'key growth engine' in India: Coca-Cola

Coca-Cola India is expanding its network in rural areas, which nearly contribute 38 per cent to the overall business

Price hikes drive FMCG revenues in Q3, but margins see some pressure

Volumes were also under pressure as consumers cut back spending on high inflation

Emami net profit rises 5% to Rs 220 cr in December quarter

Revenue from operations was up at Rs 971.85 crore during the quarter under review as against Rs 933.61 crore in the year-ago period

Dabur Q3 net profit rises 2% to Rs 504 cr, net sales up 8% at Rs 2,942 cr

The company had posted a consolidated net profit of Rs 493.50 crore in the October-December quarter a year ago, Dabur India said in a BSE filing