Consumer Demand

Effects of single-digit salary growth for 3 qtrs on consumer spending are now palpable

While rural demand has shown an uptick, rising food inflation and a slowdown in credit growth pose challenges, potentially dampening the country's growth in the second quarter of 2024-25

On the PGHH call, Mrinalini Srinivasan, CFO, said that positive trends are finally emerging in the Indian fast-moving consumer goods (FMCG) industry, both in urban and rural areas

After unshackling the economy from three years of Covid-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market

CEOs expect govt capex of Rs 11.11 trillion to boost demand

Increasing trends of premiumisation and volume growth may also expand operating margins by 50-75 basis points, despite higher marketing expenses and competition

Demand trends witnessed sequential improvement in the June quarter, with rural growth picking up, homegrown FMCG major Dabur said on Friday. Moreover, with a forecast of a normal monsoon and continued focus by the government on macroeconomic growth, "we expect the improvement to accelerate in the coming month," the company said in an update for the quarter ended June 30, 2024. The domestic business is expected to record mid-single-digit volume growth and its consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, said Dabur, which owns brands such as Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, Dabur Amla, Dabur Red Paste, Real and Vatika. "In India business, HPC (home and personal care) & Healthcare segment is expected to grow in high-single digits," it said. Travel and out-of-home consumption were impacted due to scorching summers, which had an impact on our beverage segment although the food (culinary) category showed ...

Foreign workers are crucial to Japan's economy as they help to fill a severe labour shortage

Realty firm Concorde on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore. "Set to be a premium high rise residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement. The proposed project, located on Sarjapur road, will have a developable area of around 2.25 lakh square feet. "This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations," Nesara B S, Chairman at Concorde, said. To expand business amid strong consumer demand, real estate developers are buying land outright and are also forming partnerships with landowners to develop projects. Concorde is one of the leading real estate firms in the country.

RBI guv says premature to change stance, FY24 CAD may be less than 1%

According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

While there is a consumption slowdown in urban markets and modern trade channels, rural markets and traditional trade registered an uptick, said NIQ

Overcapacity pressure is milder in electrical machinery including batteries and solar panels, the automotive sector and pharmaceuticals, the EIU said

According to the latest gross domestic product (GDP) data released by the National Statistical Office on Thursday, private final consumption expenditure (PFCE) grew at 3.5 per cent in the December qtr

Moody's Investors Service on Tuesday said growth in Asia Pacific will decelerate in 2024 as a downshift in China's growth trajectory will spill over in the region through trade in goods and services, but India will be able to mitigate the challenge aided by robust domestic demand. In a report on Asia-Pacific, Moody's said the region is marked with a heavy calendar of elections in 2024, notably in India, Taiwan, Indonesia, Korea and Bangladesh. "The election outcomes will either facilitate domestic policy continuity or lead to increased polarization, and have a bearing on geopolitical relationships," said a Moody's report titled 'Growth headwinds, tight funding and geopolitics will define 2024 conditions'. It said a downshift in China's economic growth rate and a cyclical slowdown in the US will weigh on Asia-Pacific (APAC)'s credit conditions in 2024. Peaking inflation globally will provide space for monetary tightening cycles to slow, but financial conditions will remain difficult

The company, which makes popular antacid medicine Digene, said its profit rose to 3.11 billion rupees ($37.5 million) from 2.47 billion rupees a year earlier

India's power consumption grew nearly six per cent to 133.83 Billion Units (BU) in January 2024 as compared to the year-ago period, according to government data. In January 2023, power consumption stood at 126.30 BU, higher than 111.80 BU recorded in the same month a year ago, the data showed. The peak power demand met -- the highest supply in a day -- rose to 222.32 GW in January 2024. The peak power supply stood at 210.72 GW in January 2023 and 192.18 GW in January 2022. Experts said that power consumption as well as demand improved in January as mercury fell sharply in the month, especially in North India. The cold wave resulted in increased use of heating equipment like heaters, blowers and geysers which led to increase of power demand as well as consumption. The power ministry had estimated the country's electricity demand to touch 229 GW during the summer in 2023. The demand did not reach the projected level in April-July due to unseasonal rains. The peak supply, however,

FMCG major Godrej Consumer Products Ltd on Wednesday reported a 6.35 per cent increase in consolidated net profit to Rs 581.06 crore in the December quarter, aided by volume growth in the domestic market. It had posted a net profit of Rs 546.34 crore in the year-ago period, said Godrej Consumer Products Ltd (GCPL) in a BSE filing. Revenue from the sale of products of the Godrej group's FMCG arm was up 1.54 per cent to Rs 3,622.80 crore in the third quarter of the ongoing fiscal. It was Rs 3,567.72 crore in the corresponding period of the last fiscal. GCPL's total expenses in the December quarter was down 1 per cent at Rs 2,939.39 crore. Total revenue of GCPL during the quarter was Rs 3,729.72 crore, up 2.4 per cent. GCPL Managing Director and CEO Sudhir Sitapati said, "We continued to deliver steady performance in the third quarter despite challenging market conditions." "Our consolidated volumes grew 8 per cent, led by the India business growing volumes at 12 per cent and Indone

The company posted a consolidated net profit of Rs 100 crore ($12 million) for the three months ended Dec. 31, up nearly 72% from last year. Revenue from operations rose about 25%

The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the third quarter ended Dec. 31