Page 15 - Fmcgs

Top Headlines: Night curfews return; FMCG firms ready to deal with issues

Business Standard brings you the top headlines at this hour.

FMCG not safe-haven bets for investors, analysts see more underperformance

The FMCG index had outperformed the broader market in previous corrections like in 2011, 2015, and 2018

Urban FMCG sales down 6.3%, rural sales increase 17.9% in November

Overall FMCG sales in November increased by 10.2 per cent year-on-year

Top Headlines: Tracking multiple Covid strains; FMCG companies hike prices

Business Standard bring you the latest updates on the new Covid variant and more

Online sales of FMCG companies rise, but some see moderation

Many e-commerce firms aligning with govt's draft policy

Sensex, Nifty advance on gains in IT, FMCG stocks; PowerGrid up 3%

TCS rose by 0.83 per cent, while Infosys inched up 0.31 per cent

Dabur Q2 profit up 4.6% to Rs 505 cr, net sales up 12% to Rs 2,817 cr

Homegrown FMCG major Dabur India Ltd on Tuesday reported a 4.64 per cent rise in consolidated net profit at Rs 505.31 crore for the September quarter backed by a double-digit volume growth in domestic market. The company had posted a consolidated net profit of Rs 482.86 crore in the July-September quarter a year ago, Dabur India said in a BSE filing. Revenue from operations for the reported quarter was up 11.98 per cent to Rs 2,817.58 crore as against Rs 2,516.04 crore in the corresponding quarter of the previous fiscal. This was helped by "an underlying industry-leading volume growth of 10 per cent in the domestic FMCG business," said Dabur India a post-earnings statement. "Dabur India reported its fifth successive quarter of strong double-digit growth despite growing inflationary pressures impacting consumer sentiments," it added. All verticals of the business, from Ayurvedic medicines to hair care, oral care, homecare and food & beverages, reported growth in sales and market ..

Marico sees revenue growth in second quarter in 'low twenties'

Premium personal care portfolios grew "handsomely, albeit on a low base", it said

India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas

In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform

Kolkata-based RP Sanjeev Goenka Group ventures into personal care

This is the second major fast-moving consumer goods category that the group has entered in five years

India's consumption story is slowly turning the page: FMCGs

After their tryst with smaller packs and lower product categories, consumers are now shrugging off the tendency to compromise on quality and quantity

FMCGs fuelling massive plastic expansion, threatening climate: Greenpeace

Amid the push to reduce greenhouse gas emissions, a new has found that giant FMCGs are driving the expansion of plastic production, which threatens global climate, communities and ecosystem

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

Marico aims for 15% revenue growth, 10% volume growth in medium term

Its online men's grooming brand Beardo, which Marico acquired last year, is now fully integrated and may touch total sales of about Rs 100 crore in 2021-22.

Godrej Consumer: Sustaining sector-leading growth key for further gains

Margin expansion and international business growth are the other triggers

Marico Q1 net profit dips 6% to Rs 365 cr; sales up 31% to Rs 2,525 cr

FMCG firm Marico Ltd on Friday reported a 5.92 per cent decline in consolidated net profit at Rs 365 crore for the quarter ended June 2021.

Q1 results: HUL's net profit rises 10.7%, beats Street estimates

Health, hygiene and nutrition grow 16% over pre-Covid levels

Marico acquires 60% stake in Apcos Naturals that owns 'Just Herbs'

The stake will be acquired over a period of two years through primary infusion and secondary buy-outs

Covid second wave poses challenge for FMCGs, may blunt rural demand: ITC

There is a perceptible shift with consumers adopting a more precautionary savings approach with resources being set aside for medical needs.

Godrej Consumer leveraging on data and tech, strengthening its e-commerce

FMCG firm Godrej Consumer Products Ltd (GCPL) is strengthening its e-commerce vertical as an independent business unit in India, according to company Chairperson and Managing Director Nisaba Godrej.