Sales of goods from shampoos to biscuits stayed lower due to inflationary pressures on commodities
If not for RIL's steep correction, the index could have closed nearly 500 points higher
This comes even as raw material prices cool
Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.
The overall volume degrowth in India's FMCG sector was spread across categories, but the extent was significantly higher in non-food compared to food
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.
Stable price outlook for inputs such as copra, however, is a positive
FMCG major Britannia Industries Limited (BIL) has said it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its factory workforce. BIL Chief Marketing Officer (CMO) Amit Doshi said that at present 38 per cent of the company's factory workforce is women. "We aim to achieve a diversity ratio of 50 per cent by 2024 from the current national average of 38 per cent across our factories," he said. At Britannia's Guwahati factory, the proportion of women in the workforce is 60 per cent and it will be increased to 65 per cent, he said. "We are proud to have a women workforce in areas typically dominated by men like engineering, taping and grinding as well as packing, housekeeping, pantry, lab testing, canteen and security," he said. For empowering women, the company has already launched a start-up challenge among woman entrepreneurs, Doshi said. So far, the company has provided seed capital of Rs 10 lakh each to 30 woman entrepreneurs fo
Volumes shrank by 2.6% due to inflationary pressure and other macro-economic factors
Major FMCG stocks are not showing exciting structure on charts, better play is to avoid them.
As several leading brands are threatening to push India's traditional distributors into oblivion. They recently got breakthrough against HUL and Colgate Palmolive. Find out how they are fighting back
"Rural demand was also sluggish, albeit optical to an extent, given the high base," said Marico
Distributors of fast-moving consumer goods (FMCG), ranging from biscuits to shampoos, are likely to delay the January 1 deadline they set to stop working with the consumer goods companies as talks over their demand for similar margins as given to organised distribution platforms continue, officials said. The All India Consumer Products Distributors Federation (AICPDF), a body that represents dealers and distributors, is in negotiation with several FMCG makers and this may stretch to next year, said an official. Earlier, AICPDF had put a deadline of January 1, 2022, to address the price disparity and had threatened to drop products from their portfolio. The federation had decided to call for a "non-cooperation" movement against FMCG companies from next year if B2B retailers, such as Jiomart, Walmart, Metro Cash & Carry, Booker, ElasticRun and udaan, continue to sell the products at lesser prices. According to an AICPDF official, talks with several companies are going on and in ...
Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant
Kolkata, Hyderabad, Mumbai and Pune led the growth, Volume growth was muted at 1.2%
Kolkata-based FMCG major Emami has embarked on various distribution initiatives and rural expansion drive to boost growth in the current fiscal, its Chairman RS Agarwal said on Wednesday
After their tryst with smaller packs and lower product categories, consumers are now shrugging off the tendency to compromise on quality and quantity
Steady economic revival holds the key
Indian FMCG industry recorded a 36.9 per cent value-based growth in April-June 2021, the quarter hit by the second wave of the pandemic, over the corresponding period a year ago, Nielsen has said