The company's domestic consumer business contributes nearly 77 per cent to overall top line
Reports a 41 per cent year-on-year jump in net profit to Rs 2,143 crore
Focus on fewer brands, smaller packs; inventory to be moved closer to target markets
Marico expects low double-digit bottom line growth in Q4.
The state of Maharashtra, Mumbai in particular, is seeing a surge in infections as normalcy returns.
Contribution to total sales stands at 8-9% for consumer goods behemoths
Unilever sets long-term targets as China, India rebound
The firm was helped by the expansion of the distribution network and consumer centric innovations
After the initial spurt in demand after lockdown, manufacturers were hoping for a smooth run in the next few quarters
Retailers Association of India (RAI) has demanded certain measures that it believes will help improve the overall consumer goods industry.
The company would grow ahead of the broader market and he does not expect any hits to margins over the near term.
Impact on IIP likely even as some economists believe consumer goods might tone it down to some extent. Core sector accounts for 40.27% of IIP
The Index of Industrial Production (IIP) grew by 3.6 per cent in October on a year-on-year (YoY) basis compared to a 0.4 per cent expansion in the previous month
The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August
Firm has seen share of its e-commerce sales within domestic FMCG business rise to 8% from 5% in one year, thanks to the restricted lifestyle of people
An increase in prices of essential commodities continues to pinch consumers, which dampens the festive spirits in West Bengal.
However, their sit-in protests against BJP leaders, corporate houses and toll plazas would continue
Industry says consumers adjusting to new normal a major factor
Trend reverses as national firms tide over supply-chain issues, distribution challenges and retailer woes
Second-half recovery restrained; e-commerce bucks trend, says Nielsen