Page 2 - Fmcgs

White collar hiring activity up 10% in Oct led by oil & gas, FMCG: Report

White collar hiring activity witnessed a growth of 10 per cent year-on-year in October mainly driven by a rise in recruitment in sectors, including oil and gas, pharmaceuticals, FMCG, and IT, a report said on Monday. The Naukri JobSpeak Index, India's leading indicator of white-collar hiring activity, demonstrated robust growth in October, reaching 2,733 points compared to 2,484 in the same month of 2023, marking a significant 10 per cent year-on-year increase. Key sectors, including oil & gas (18 per cent), pharma/biotech (12 per cent), FMCG (8 per cent), and IT (6 per cent) emerged as primary drivers of this positive trend, with AI/ML roles showing exceptional growth at 39 per cent year-on-year, the report stated. Hiring in the IT sector showed positive growth in four out of the seven months this financial year, auguring well for balance of year trends, added the report. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market and hiring activity ...

Mini packs, major dilemmas: FMCGs tackle shrinking margins, pricing woes

Industry executives have observed a decline in the share of the Rs 5 segment within the FMCG market, which was 35 per cent two years ago

FMCG firms express concern over inflation, hint at potential price hikes

Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales. "We think this is a short-term hit and we will recover the margins through judicious price increase and stabilising of costs," said GCPL Managing Director and CEO Sudhir Sitapati in a Q2 earning statement. GCPL, makers of Cinthol, Godrej No 1, HIT had a steady quarter given the headwinds of oil costs and tough consumer demand in India and its standalone EBITDA margin was lower, caused entirely by high inflation in palm oil. The rur

FMCG, auto firms hike ad spends in Q2 to revive demand, eye festive boost

As urban demand slows, FMCG and auto leaders increase Q2 ad spends. Companies such as Nestle, Colgate, and Tata Motors focus on tactical marketing to clear inventory and boost sales

Rural demand lifts hope as inflation, monsoon slow FMCG growth in cities

FMCG growth dips to 4.1% amid high inflation and heavy rains; rural demand shows signs of recovery as monsoon boosts hopes for the kharif crop, while urban markets face slowdown

With crude palm oil rates on fire, consumer firms start raising prices

Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months

Fssai now more proactive, industry-centred with faster responses: Nestle

There has been a dramatic change in the tone and tenor of FSSAI, and the Indian food regulator has now become more pro-active and industry-centred with fast responses in the last decade, said Nestle India Chairman and Managing Director Suresh Narayanan. Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said Narayanan, who led Nestle India after the Maggi crisis, which unfolded almost a decade back. In June 2015, FSSAI banned Maggi noodles for allegedly containing lead beyond permissible limits, forcing the company to withdraw the product from the market. Industry observers opine that only after the Maggi crisis did the FSSAI come into the limelight across the country though it was established almost seven years ago, in September 2008, to lay down science-based standards for food articles and rules and regulations. Nestle India relaunched Maggi in November 2015 after the ban was .

Kirana stores face tough Diwali with 30% sales drop, quick commerce thrives

In India, approximately 13 million kirana stores form the backbone of FMCG distribution, especially in rural regions and Tier-II and Tier-III cities, accounting for nearly 85 per cent of sales

FMCG distributors write to CCI over unfair practices by quick commerce cos

The association has also sought to facilitate a dialogue among all stakeholders, including FMCG companies

Naturals Salon eyes disruption in personal care space via refill model

New model will shave off packing and transportation charges, and allow consumers to pay 60% less than market price

Bissell re-enters Indian market after 6 years, aims for future growth

Bissell, a Michigan US-based homecare solutions provider, has re-entered India with its range of vacuum cleaners after six years, expecting the country to be a "very important market in the future". Though India is a relatively small market for floor care globally, looking at its demography and growing economy, it is an investment for the future, Bissell President, Global Markets, Max Bissell, told PTI. "Our belief is that India will be a very important market in the future. If we just look at the population and the opportunity ahead of us, this is an investment for the future," he said. Bissell has entered into a partnership with Cavitak Global Commerce, for distribution in India and will focus on introducing its portable wet and dry vacuum cleaning systems such as 'SpotClean Hydrosteam' and 'SpotClean Proheat', which are already available on the e-commerce platform Amazon. "This is an investment for the next generation where we can enter the market knowing that it's not going to

Manish Tiwary to become Nestle India MD after Narayanan retires in 2025

FMCG major Nestle India on Monday announced a change of leadership with the appointment of Manish Tiwary as the Managing Director of the company after the incumbent, Suresh Narayanan, retires in July next year. Tiwary, who was the country manager of Amazon India, was appointed as the Managing Director of Nestle India effective from August 1, 2025, according to a regulatory filing. Narayanan will retire as Chairman & Managing Director of Nestle India on July 31, 2025 after serving 26 years, it added. The nominations have been received from the Swiss parent firm Nestle SA. However, "the proposal is subject to necessary approval," said Nestle India. Tiwary is a Director at Amazon Digital Services and More Consumer Brand. He will step down from his directorship on October 30, 2024, the statement said. Tiwary, an alumnus of IIM Bangalore has nearly three decades of experience in leading large-scale operations and strategic initiatives in e-commerce and consumer goods sector. He join

Govt seeks explanation from edible oil companies on rising prices

The government on Friday sought an explanation from edible oil firms for the rise in retail prices of cooking oils despite advising them to ensure price stability amid the availability of adequate stocks imported at lower duties. On September 14, the Centre hiked the basic customs duty on various edible oils to support domestic oilseed prices, and subsequently on September 17 the food ministry convened a meeting with edible oil industry bodies to make sure that there was no rise in retail prices. "The industry has been asked to clarify and furnish reasons as to why the prices are showing upward trend since the announcement of import duty hike, despite the government's directions to maintain retail prices in the coming festival season," a senior food ministry official said on Friday. The ministry's assertion is that stocks imported at lower duties would easily last 45-50 days and therefore the processors should refrain from increasing maximum retail prices. Also, the price increase .

FMCG CEOs raise concerns over GST, ease of doing biz at World Food India

Executives discussed range of issues with ministers at World Food India event

Reliance Retail to transfer FMCG brands to RCPL, plans for major expansion

Reliance Retail will transfer its FMCG brands, including Campa and private labels, to its new arm RCPL to accelerate business expansion with a dedicated focus

Mrs. Bectors Food Specialities rallies 10%; stock surges 30% over QIP price

Mrs. Bectors Food on Tuesday, September 10, informed that the company has allotted 2.58 million equity shares to eligible qualified institutional buyers (QIBs) at a price of Rs 1,550 per share.

From Parle Products to Dabur, consumer firms load up for festival blitz

Mobilise production, inventory to ride seasonal wave

Looking to invest in 8 to 10 strong brands: Emami V-C, MD Harsha V Agarwal

Agarwal talks about the plans to make The Man Company a Rs 1,000 crore brand, and the focus going ahead

Adani Wilmar eyes FMCG expansion, sets aside $1 billion for 3 acquisitions

Adani Wilmar is planning to purchase at least three brands specialising in spices, ready-to-cook foods, and packaged edibles

FMCG major Emami to acquire remaining 49.6% stake in 'The Man Company'

Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand The Man Company'. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. "The completion of the acquisition of Helios by Emami will strengthen its presence in the fast-growing digital-first premium male grooming segment," it said. Emami had previously acquired 33.09 per cent equity stake in Helios in two tranches -- one in December 2017 and the other in February 2019. Later, it increased the stake to 50.4 per cent in 2022. The Man Company, a digital-first lifestyle brand, offers premium men's grooming products in categories including fragrances, skin care, hair care, body care and beard management. "The segment offers huge potential for innovation & growth. Emami is already an active player in the male grooming segment through its brand Fair and Handsome," the ...