Consumer Goods

Volumes key as costs rise and firms refrain from hiking prices of products

FRAI made a representation to Finance Minister Nirmala Sitharaman with an appeal to protect the interests of its 80 lakh retailers

Overall demand from rural areas declined 0.2 per cent on a month-on-month basis in December while it was down 17 per cent in November, according to Bizom's data

During October, India exported goods worth $280 million, up 3.7 per cent as compared to a year ago, led by demand for items such as vegetables, tea, coffee, chemicals as well as iron and steel product

German consumer goods firm Henkel, which has re-entered the consumer market in India after around a decade, is betting on the beauty segment in which it is working to build a holistic hair solutions portfolio, a company official said. With the consolidation of its consumer business at the global level, led by a successful merger of beauty care, laundry and home divisions, Henkel foresees a powerhouse of international bestsellers hitting the Indian market, said Kartik Kaushik, Country Head-Henkel Consumer Brands, India and South Asia Export. Henkel has introduced hair colourant brand Schwarzkopf in the consumer segment and also plans to launch another brand TAFT in India in the near future. "Hair colour is just the beginning of the India journey. The goal is to build a holistic hair solutions portfolio," Kaushik told PTI. According to Kaushik, there is a "bull run" for hair solution products in India and the growth trajectory is high. "The idea is to create a structured distributio

Segments are yet to recover from pre-covid period of 2019-20 when the economy started slowing down

Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday. The report attributes the tepid revenue growth to the many price hikes the FMCG companies effected during the year to cushion the impact of surging input costs. Next fiscal too, the sector should see almost similar pace of growth as inflation is likely to remain high but will improve if prices moderate, the report added. The agen

Berry told Business Standard in an interview that the company was aiming to increase its revenues from cheese products by five times within the next five years

Consumers across the country have reported a shortage of Amul butter in the market

It sells 49 per cent stake in Britannia Dairy for Rs 262 crore

Medanta's stock hit a high of Rs 424.65 and a low of Rs 390.55 on the NSE, where Rs 2,000 crore worth of shares changed hands

Company says gross margins shrank 230 bps in Q2FY23 due to inflationary pressures and an unfavourable portfolio mix due to extraordinary high sales of pain management products last year

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ

In October, FMCG sales in rural areas stood at 0.8 per cent while urban sales declined 0.1 per cent against September, according to data by Bizom- a retail intelligence platform

The frequency with which distributors procure stocks from companies has reduced

Product launched in Bengal, Delhi and Mumbai across general trade; will be available pan-India in phases, and across modern trade and major e-commerce platforms as well

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

Confectionary major Mondelez India Foods net profit declined 2.33 per cent to Rs 977.91 crore in FY22, while its revenue from operation/sales rose 15.89 per cent to Rs 9,242.05 crore, according to financial data accessed by business intelligence platform Tofler. Mondelez India Foods Private Ltd, which owns iconic brands such as Cadbury Dairy Milk, 5 Star and Gems, had reported a net profit of Rs 1,001.34 crore and revenue from operations of Rs 7,974.61 crore for the financial year ended on March 31, 2021. Its total income also went up 15.64 per cent to Rs 9,296.02 crore for the financial year that ended on March 31, 2022. It was Rs 8,038.10 crore in FY21. Mondelez India Foods' revenue from other income was down 14.99 per cent at Rs 53.97 crore in FY22. Its total expenses in FY22 were at Rs 7,970.77 crore. Mondelez India also provides malted food drinks under the Bournvita brand and powdered beverages under the brand Tang. Besides, it also sells biscuits under the brand name of Or

Net profit rises 22.2% on 16.1% increase in revenue

Observing digitalisation has become the biggest advantage in India in the last two years, Union Finance Minister Nirmala Sitharaman on Thursday said that India's public goods are available for countries that need them. Sitharaman said the open-source network that the government of India has created as a public good is helping small and medium industries to scale up their operations. Standing here I want to reiterate that India's public goods are available for countries which so they need it, Sitharaman told students of the Johns Hopkins School of Advanced International Studies (SAIS) during an interactive session on India's unique Digital Public Goods. The minister asserted that India has a digital stack that other countries can use. So if India today can talk of a digital stack, it's not talking of just payment where UPI, which is today acceptable in Singapore, UAE, and many other countries, she said. We are not talking of just Rupay cards, we are not talking of credit cards, we'