Towns and rural areas have led the revival in FMCG segment since June, with the trend expected to last at least for the next two quarters.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally
Some caution this is mere pent-up demand; others say it is sustainable and growing
Industry says consumers adjusting to new normal a major factor
A tax overhang and ESG concerns over cigarettes have been among key factors hurting investor sentiment
Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed
Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy"
Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were
With the combined entity more than twice its size in grocery, pricing pressures could hit profitability
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential
Built on an initial investment of mere Rs three crore, Beardo sold at an estimated valuation of Rs 350-400 crore in a two-phased acquisition by Marico
Normalcy in operations, push into rural areas aid growth
The company said online sales of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bengaluru) and Milkbasket (NCR)
Most players struggle to get back on course, but Britannia emerges stronger
The firm's annual report mentioned that Aashirvaad had an annual consumer spend of more than Rs 6,000 crore, Sunfeast was at Rs 4,000 crore, Bingo! Rs 2,700 crore, and Yippee Rs 1,300 crore
The firm now plans to expand its value-added bakery portfolio that it ventured into recently
Flat growth will be on account of 18 per cent decline in April-June quarter
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K K Modi Group venture has seen profits grow by double digits since late March, when India went under lockdown to contain the coronavirus.