Page 3 - Fmcg Sector

Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show

Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.

Unilever says Lifebuoy and Lux impacted by cost deflation in India

The global consumer major also saw negative price impacts on its fabric cleaning business

Reliance Retail Q4FY24 results: Net profit rises 11.7% to Rs 2,698 crore

Reliance Retail's annual net profit crosses Rs 10K cr; grocery clocks highest growth, followed by fashion and lifestyle

Skymet's prediction of good monsoon lifts FMCG sector's hope for FY25

The sector is already witnessing an uptick in rural demand, which lagged through most of last year as rainfall impacts affected rural demand

Dabur India hits 52-week low in firm market on sluggish demand in Q4

In past three days, Dabur has 5.5 per cent after the company said its consolidated revenue in Q4 is expected to register mid-single digit growth.

Gopal Snacks makes disappointing debut; lists 13% below its issue price

Post listing, the stock hit a high of Rs 378 and a low of Rs 342 in early deals on the BSE.

Nirma's open offer to buy more stake in Glenmark Life to start on Feb 15

Nirma Ltd will kick off a Rs 1,343.05-crore open offer next week to acquire an additional 17.33 per cent stake from public shareholders of Glenmark Life Sciences Ltd, according to a regulatory filing. The development follows Nirma's deal to acquire 75 per cent stake in Glenmark Life Sciences for Rs 5,651.5 crore agreed in September last year. The open offer is being made to the public shareholders to acquire up to 2.13 crore equity shares representing 17.33 per cent of the voting share capital at an offer price of Rs 631.20 per share aggregating to a total consideration of up to Rs 1,343.05 crore, said the letter of offer by Nirma shared on BSE by Glenmark Life Sciences. The offer shares include the entire public shareholding in the target company (over 2.1 crore shares) and 2.63 lakh vested ESOPs, it added. The opening date (commencement of the tendering period) for the open offer has been fixed on February 15, 2024 and will close on February 29, 2024, as per the letter of offer,

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%

Emami said the third quarter witnessed subdued demand trends, particularly in rural markets

Elections, infrastructure push to boost consumption: Nestle India CMD

Narayan said consumer market sees polarities of booming premiumisation and tepid demand for mainstream products

Haven't seen rural growth similar to past decade: Britannia's Varun Berry

During the quarter, the food major also implemented price reductions and introduced consumer promotions for its key brands

Tata Digital announces appointment of Naveen Tahilyani as new CEO

Naveen replaces Pratik Pal, who was at the helm of the company since the group announced its foray into digital commerce and the creation of Tata Neu, its superapp

India's FMCG market grew in Q3 FY24 on higher consumption: Report

Rural demand is on the recovery path, marked by a growing preference for larger packs: NielsenIQ

FMCG firms report single-digit volume growth with better margin in Dec qtr

Fast-moving consumer goods (FMCG) companies have reported single-digit volume growth with improved margins in most segments during December quarter, helped by moderating commodity inflation, though operating environment remained challenging. Some of the companies also reported a decline in their topline numbers, as they extended the benefits of softening commodity prices to the consumer by lowering the prices, which had a bearing on their gross sales numbers. Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quarters. Moreover, the late arrival of winter also impacted the pickup of relevant products such as lotions, oils and creams. Hindustan Unilever (HUL) reported a muted growth in consolidated net profit at Rs 2,508 crore and its sales were marginally down to Rs 15,259 crore. "Overall, FMCG demand trends h

Interim Budget 2024: FMCG companies poised for rural demand revival

Budget schemes to revive demand over a period of time

Will there be a special package for rural India in interim Budget?

The Interim Budget 2024-25, slated for announcement on February 1, will likely see the central government focus on issues close to rural India's heart

HUL Q3 results: Profit up marginally at Rs 2,519 cr amid low rural demand

The company's quarterly sales of products slipped marginally to 14,928 crore rupees, with underlying sales growth in its home care business

The pandemic impact: PepsiCo India lines up offerings for expansion

Earlier this month, the fast-moving consumer goods (FMCG) major launched three variants under its Quaker Oats brand

FMCG distributors to boycott HUL in Maha, starting with Taj Mahal Tea

FMCG distributors demanding restoration of old margin structures from the leading maker HUL on Thursday said they would boycott its products in Maharashtra, starting with Taj Mahal Tea. The distributors further said that if the company does not pay attention to their demand, then they will boycott the Kissan brand and leading detergent brand Rin along with Taj Mahal tea brand going ahead. HUL, which owns brands such as -- Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove, has reduced the fixed margin by 60 basis points and increased the variable margins by up to 100 to 130 basis points for its distributors. The distributors are demanding a minimum basic margin of 5 per cent. They are supporting incentive parameters, but they should not interfere with the distributor's margin. The All India Consumer Products Distributors Federation (AICPDF), an umbrella body for distributors, has raised concerns over the new margin structure. AICPDF on Thursday shared a statement from the Maharashtra

Marico, Godrej Consumer slip up to 6% post December quarter biz update

Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.

Nestle India slips 2% on profit-booking; trades 1:10 ex-stock split

The stock had rallied 19 per cent since October 19, 2023, after the company announced a stock split.