Made-for-India consumer packaged goods brand Independence will roll out nationally after Gujarat unveiling
While TVs and luxury apparel flew off the shelves in cities, rural demand for FMCG products saw a negligible jump in October. What do these industries say about consumption in India and its economy?
Urban demand also hit, but not as badly; Overall FMCG sales decline 15.3% MoM and 2.7% YoY
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
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
Growth in volumes in the recent past was affected due to a significant surge in product prices
Volumes to remain under pressure due to grammage reductions
Firm to focus on new launches with high margins and high growth
By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business
In comparison, urban sales were up 5.5% month-on-month
In the non-foods space, it has entered the personal care and home care business
The Ukraine crisis has led to a rally in commodity prices. Consumer goods companies, hit with high input costs, are now passing on the price rise to customers. Will there be more price rise in FMCG?
The Fast Moving Consumer Goods (FMCG) market will see further tapering down and decline in volumes, especially in the in-home consumption category due to a higher base effect
Volume recovery, expansion in new geographies and debt reduction are key positives
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
The brand would be the first from the personal care portfolio to clock in consumer spend of Rs 1,000 crore, says firm
The Covid-19 pandemic has spurred consumer goods firms to work with Big Blue to drive their digital transformation efforts, write Peerzada Abrar and Sai Ishwar