The demand trends witnessed "sequential improvement" in the December quarter, although rural growth was still lagging urban growth, according to homegrown FMCG major Dabur India. In its latest quarterly updates, early signs of revival in consumption are visible with improving trends in volumes. "With pricing growth remaining subdued due to price increases in the base year, growth is large volume led," Dabur India said. The company, which owns various brands, including Dabur Chyawanprash, Dabur Honey, Dabur Pudin Hara, Dabur Amla, Real and Vatika, expects to register "mid to high single-digit growth during Q3 FY24" in its revenue. In the domestic business, the food & beverages segment is expected to grow in the high-single-digit and HPC (home & personal care) is expected to record growth in the mid-single digit. "Because of delay in onset of the winter season, we anticipate the Health Care business to grow in low to mid single digit," it said. Besides, Badshah Masala continued .
Sustained govt capex will be crucial for some stocks
Global snacking firm Hershey Company on Tuesday said Luigi Mirri has been appointed as General Manager, India. Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. Mirri's appointment is from January 1,2024. "Both India and APAC play crucial roles in shaping our company's future. Our business in India, in particular, is growing, and is a strategically important market for the future. "Luigi's outstanding track record in steering growth for large enterprises, driving profitability, and turnarounds, will guide his leadership as we continue to tap our desired growth and unlock new potential," Rohit Grover, President (International) of The Hershey Company, said. Prior to joining The Hershey Company five years ago, Mirri was based in India with another confection company where he held key leadership positions and dedicated substantial time to business operations.
Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement
Tata Coffee, Tata Consumer and its wholly-owned subsidiary TCPL Beverages and Foods merger to be effective from January 01, 2024; Record date for share swap set as January 05.
The company's market share grew by 1.2%, biz surpassed pre-Covid levels
From an uptick in rural demand to higher volumes and favourable commodity prices, the country's FMCG industry is pinning hopes on diverse catalysts for a double-digit volume-led growth in the new year after a challenging 2023. Weaker-than-expected festive demand, rainfall deficit that hampered rural growth, unseasonal rains that dampened sale of beverages and higher commodity prices all together cooked a difficult-to-digest market recipe this year even though "green shoots" of recovery are becoming more visible. The sector, which has a high growth potential especially in an emerging market like India, is anticipating 2024 to be a "better year" with favourable input prices benefitting the Home and Personal Care (HPC) as well as certain food business segments. "We expect the demand situation to improve as we enter the next financial year. We expect FMCG players to increase the pace of innovation and premiumisation and also focus on significant investment behind expanding the quality o
FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms
The company has proposed to acquire Glenmark Life Sciences Ltd (GLSL) to diversify its business. The acquisition is likely to be funded largely through debt
Chadha said that the new company would have a strong, debt-free balance sheet, with marquee properties and good cash flows
Bain Global Consumer Lab surveyed over 23,000 consumers in 11 countries for The Visionary CEO's Guide to Sustainability
Hindustan Unilever and ITC both pointed out after announcing their September quarter results that regional brands have gained momentum
Distributors not happy with damage claims policy
Analysts, on average, had expected a profit of Rs 513 crore, according to LSEG data
As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.
Gradual demand recovery to continue with tailwinds from festival season: CEO
Says public investment strong, consumption demand relatively subdued
The company in its pre-quarterly update reported a slight decline in consolidated revenue for the July-September quarter compared to the previous year.
Smaller, lower unit-priced packages introduced by several consumer goods makers to expand their addressable market have placed an extra burden on existing infrastructure and resources within the distribution network, an industry body has said while suggesting standardisation of pack sizes into four main categories. To tackle the issue, the All India Consumer Products Distributors Federation (AICPDF) has suggested the government standardisation of pack sizes and categorizing products into four distinct classes - entry pack, small pack, medium pack, and large pack. Recently, several companies introduced various new SKUs (Stock Keeping Units) with lower unit prices aimed at catering to the rural market, which in turn is creating "price confusion" among the consumer and is posing "inventory management challenges," AICPDF said in a statement. "The difference in per-gram pricing among the numerous SKUs within the same price bracket has become a significant issue, as it often leads to ...
Large consumer goods companies have grown sales through sharp price rises in recent quarters, and many have suffered declines in volumes