According to a research by UK broking house, Investec Securities, in the near term, out of home consumption is expected to take a back seat as the lockdown keeps more people at home
Stock hits all-time high on growth uptick in April, May
Plans to scale up its croissants and salted snacks offerings put on backburner
The FMCG major said that after the initial hiccups, the firm coped up well and witnessed 20 per cent rise in revenues in April, and 28 per cent in May
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today
The company is holding an inventory of up to 11 days which is witnessing a depletion for the past one week
Necessary permits need to be immediately issued to all of them, said Britannia Industries MD Varun Berry.
FMCG majors HUL and Nestle have been jointly ranked first in the industry for their approach to nutrition in the 'India Access to Nutrition Spotlight Index'. They were followed by food and beverages major PepsiCo India, Britannia Industries and Coca-Cola India. The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation. ATNI report is published once in every three years and this is the second edition of India Spotlight Index. India was selected as a spotlight country as it has a rapidly developing food and beverages sector, a statement said. The initiative is supported by the Bill & Melinda Gates Foundation and the governments of the UK and the Netherlands. This season, 16 largest companies in India's food and beverage sector were assessed with the aim to encourage these companies to improve their nutrition practices, it added. The other companies were Amul, Mondelez India, Mother Dairy, ..
Mondelez pushes its biscuit brand out of the playpen, looks for a more meaningful association with consumers
Bengaluru company is scaling down initiatives & Gurugram firm is aggressive
Domestic sales grew by 10 per cent in Q4, but gross margin contracted by 217 basis point to a 10-quarter low of 56.5 per cent
The Good Day biscuit maker is hoping to take the croissant offers, which it is currently fine-tuning, pan-Indian by May-June this year and salted snacks in the next six months
While strategic initiatives helped improve profit margins, the 2-4 per cent volume and revenue growth was below expectations
The inclusion of consumer stocks comes at a time when valuations in the space have reached record levels
Delayed winter, disruption in traditional trade channel, weak rural demand led to low product offtake
The surprise tax rate cut came after economic growth in the April-June quarter slumped to its lowest level in six years, hitting the nation's smaller stocks the hardest
He joins ITC with over two decades of experience in the field of sales and marketing
ITC has made steady progress in the FMCG space with relentless focus on quality and product differentiation
All these companies are relying on innovation, launches, and competitive pricing