Page 18 - Fmcg

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Smartphones beat slowdown as sales up 10%; Xiaomi tops Indian market

According to analysts, one of the key factors that differentiates smartphones from other products is their expose to the e-commerce market

Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman

Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction

Biscuits to soaps, slowdown pain for FMCG companies comes in small packs

Adi Godrej and ITC Chairman Sanjiv Puri were in Delhi this month to meet Finance Minister Nirmala Sitharaman as part of an outreach programme to tackle the slowdown

Economists estimate GDP growth of 5.5-6% in Q1 FY20 amid slowdown

The lower range of these projections means the economy has slowed further

Britannia Industries falls nearly 4% as worries over demand slump deepen

For the quarter ended June 30, 2019, Britannia Industries reported a 5.9 per cent year-on-year (YoY) growth in consolidated net sales at Rs 2,677.3 crore, while its net profit fell by 3.7 per cent YoY

FMCG not as badly hit by slowdown as some other sectors: Nestle India CMD

Firm's chief says double digit will be difficult, but the kind of issues faced by other sectors may not get replicated in FMCG, as it still has plenty of low-payout, low-budget essentials

Poor consumer confidence hits rural FMCG demand; sales growth drag

FMCG product sales in the rural market in this quarter grew by a meagre 5.9%

Lower input costs, tactical promotions likely to drive Marico stock

Company unlikely to take up price cuts for flagship Parachute brand

Nestle India net profit rises 10.83% to Rs 438 crore in June quarter

Total expenses were at Rs 2,414.29 crore in the latest quarter as against Rs 2,163.32 crore a year ago

Despite monsoon worries, FMCG firms see pick in rural demand by year-end

While lower sowing is a cause of worry, the government's decision to offer an increase in MSP may help the farmers boost their income and hence, their spending capacity

Mondelez plans to enter 100,000 villages as rural India feasts on chocolate

Last year, chocolate sales in India jumped 15.4% after the government, keen to win re-election, overhauled its national sales tax for many items

FMCG sector slows down due to lower consumption in rural market

Further, tough market conditions have hurt small manufacturers, who, in turn, have contributed half towards the sliding growth in the sector

Same strategy for Hindustan Unilever, ITC: Reaping digital dividend

Both companies are also riding the digital wave when it comes to consumer engagement

My favourite campaign is 'Haath, munh aur bum, bimari hogi kam': Aalok Bhan

The video has used kids in their campaign as key catalyst who have been promoting healthy habits

FMCG sector may lose its sheen as Union Budget, monsoon disappoint

Delay in demand recovery and higher stock valuations mean low margin of safety, say analysts

High-single digit volume growth key for FMCG stocks to sustain valuation

Demand slowdown and high base compound concerns, though some companies views them as temporary headwinds

FMCG likely to grow at a slower pace of 12% in 2019, says Nielsen

The current pace of growth is equal to what it was nearly two years ago

FMCG likely to grow at a slower pace of 11-12% in 2019: Nielsen

The industry is also expected to grow at 12-13 percent during the April to June quarter of the calender year 2019, according to Nielsen

Demand concerns, monsoon forecast weigh on FY20 outlook for FMCG companies

Rising crude oil prices, promotional spends and limited pricing power to impact earnings