Page 3 - Consumer Goods

Marico better placed than peers on costs amid commodity surge

Lower copra costs and price cuts to aid volumes and margins

Consumer goods giant Unilever cutting 1,500 management jobs

Unilever, which makes Vaseline skin care products and Ben & Jerry's ice cream, says it's laying off 1,500 staff as part of a company-wide restructuring. The proposed changes mean that senior management jobs will be cut by about 15 per cent while junior management roles will be reduced by 5 per cent, it said Tuesday. The London-based consumer goods giant employs 149,000 people globally. The changes, which are subject to consultation, won't affect factory teams, Unilever said in a statement posted on its website. Under the reorganisation, the company will be organized into five distinct groups: beauty and wellbeing, personal care, home care, nutrition, and ice cream. The shakeup will enable us to be more responsive to consumer and channel trends, with crystal-clear accountability for delivery," CEO Alan Jope said. The revamp comes swiftly after news this month that the company made an unsolicited 50 billion pound (USD 67 billion) bid to acquire GlaxoSmithKline's consumer health care

Offline retailers of consumer goods hit by third wave of Covid-19

Sector sees volume decline of up to 25%; e-com firms do brisk business

FMCG firms take bigger bite out of smaller pack sizes amid Covid third wave

Consumer goods firms optimise pack sizes, expecting surge in at-home consumption

FMCG distributors may extend non-cooperation deadline as talks in progress

Distributors of fast-moving consumer goods (FMCG), ranging from biscuits to shampoos, are likely to delay the January 1 deadline they set to stop working with the consumer goods companies as talks over their demand for similar margins as given to organised distribution platforms continue, officials said. The All India Consumer Products Distributors Federation (AICPDF), a body that represents dealers and distributors, is in negotiation with several FMCG makers and this may stretch to next year, said an official. Earlier, AICPDF had put a deadline of January 1, 2022, to address the price disparity and had threatened to drop products from their portfolio. The federation had decided to call for a "non-cooperation" movement against FMCG companies from next year if B2B retailers, such as Jiomart, Walmart, Metro Cash & Carry, Booker, ElasticRun and udaan, continue to sell the products at lesser prices. According to an AICPDF official, talks with several companies are going on and in ...

Consumer companies hit bump in digitising the supply chain

Parle Products has a system called sales force automation with its on-ground sales team to help it capture demand from retailers

E-tailers drive festive season sales for consumer goods makers

From packaged foods to home appliances and personal electronics, most consumer goods categories have registered 10-15 per cent growth over last year

PLI Scheme - How do production-linked incentive schemes work

How do performance-linked incentive schemes work? How do they spur production of goods? And how are the benefits passed on to manufacturers and consumers? Here's an explainer on PLI schemes

India's record run in stock market raising risks for economy: Research

Market rally has added roughly 1 percentage point to GDP growth each quarter since October-December

Deals or distress: Consumer goods makers bet on bumper festive sales

Robust growth expected despite shortage of components and the threat of a third wave of Covid-19 pandemic

Double-digit volumes to drive Q1 growth for Godrej Consumer, Marico

Margins, however, are expected to correct on a YoY basis

Urban poor remain a worry for FMCG companies; unlock brings hope

According to experts, half of urban sal­es or 30 per cent of total sales comes fr­om the urban poor, especially for food firms.

Anti-trust algorithms drive online sales

Investigations are required in India and other emerging economies to ensure that algorithm-led personalised pricing in e-commerce is not harmful

India Inc goes for price hikes again as input cost pressures increase

Durables, paints, and consumer staples among worst affected by raw material prices

ITC bets big on non-cigarette FMCG biz, but Street differs on smoke signals

Its non-cigarette FMCG business has been restructured and positioned as the next growth engine but the market still considers the conglomerate a tobacco player

Despite near-term headwinds, analysts bullish on FMCG stocks

Companies, analysts feel, will be able to pass on the sharp rise in raw material (oil) prices over time

China's industrial profits growth slows in April amid high commodity prices

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed

Covid-19 crisis: Consumer firms fear sales hit as virus reaches hinterland

Rural India was largely unaffected by first wave of Covid-19

Manufacturing PMI up marginally; growth of domestic orders, production slow

Consumer goods was the strongest-performing category in April, followed by capital goods and intermediate goods

2021 will be a better year for us than 2020: HUL CMD Sanjiv Mehta

In an interview with Viveat Susan Pinto, Mehta speaks on the shape of things to come for the fast-moving consumer goods (FMCG) market and his firm