Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.
Execution and competitive intensity remain key, say analysts
Nestle proposed hiking its dividend 5 cents to 2.75 francs per share for 2020, its 26th consecutive increase
Contribution to total sales stands at 8-9% for consumer goods behemoths
BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period
Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged
Volume growth at 4%; urban markets buoyant
ITC's FMCG business is expected to continue its growth momentum with higher growth in packaged foods categories, brokerages believe
Focus on innovation, market share and product premiumisation seen boosting growth
FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it
While IT/ITeS continues to grab the lion's share, leasing activity is being driven by increased demand from sectors such as e-commerce, healthcare and FMCG
The success of Burger King at the bourses has off-late reinforced belief in the sector, especially quick service restaurants (QSRs), provided the stocks are attractively valued
BSE FMCG Index is up 7.3% since Nov end, against 4.1% rally in Sensex
Personal care majors say assessment of full-year contraction is fine, food firms indicate otherwise.
Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage
Increase of 4.6 per cent reported in September quarter versus 0.9 per cent all-India; rural contributing to growth
Headwinds such as commodity inflation outweigh positives. Downgrade comes amid positive growth reported by sector in Q3, which is expected to continue into Q4
The market size of the five categories is around Rs 4,000 cr, of which the toilet cleaner accounts for the largest share at Rs 1,600 cr
Four months since unlock began, demand for essentials remains robust but the frenzy is dying down