Share of our healthcare portfolio went up to 45 per cent from 30 per cent and essentials like oral care did well, while share of skin-care, hair oils, and foods shrank, says CEO
The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers
Industry net sales have grown in double digits in just three of past 24 quarters
According to experts, half of urban sales or 30 per cent of total sales comes from the urban poor, especially for food firms.
Companies, analysts feel, will be able to pass on the sharp rise in raw material (oil) prices over time
Homegrown FMCG major Dabur India Ltd on Friday reported an increase of 33.98 per cent in consolidated net profit at Rs 377.29 crore for the fourth quarter ended March 2021
Reports a 41 per cent year-on-year jump in net profit to Rs 2,143 crore
Sales of key health and hygiene products skyrocketed during the January-March quarter
Overall volume growth, the performance of the nutrition business and the movement in advertisement and promotion spend along with other expense are among key trackable for the quarter under review
Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant
The benchmarks were propped up by bargain-hunting in select frontline counters as well as supportive global cues, traders said.
Commodity inflation remains area of concern, say firms
In an update last month, Nielsen said the January-March 2021 period also looked strong.
The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth
Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
Companies are also looking for change in product mix and cost saving measures
Move follows tapering demand for hand-wash and sanitisers
Takes on Nestle, ITC in a Rs 4,000 cr market; first big launch after Maggi crisis
Key brands such as Maggi, Nescafe and KitKat posted robust growth in the Indian market in 2020, Nestle said in a post-earnings statement
While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter