Page 5 - Fmcgs

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in consumption in the first quarter of 2024, but non-food saw almost double the growth as compared to food, NielsenIQ (NIQ) said in its quarterly snapshot for Q1 2024. The FMCG industry has experienced a 6.6 per cent growth in value, attributed to a 6.5 per cent increase in volume at an all-India level. The volume growth for this quarter was higher than Q1 2023, which stood at 3.1 per cent, it added. NIQ Head of Customer Success India, Roosevelt Dsouza said, "The FMCG industry's growth continues to be driven by consumption trends in Q12024 with rural areas surpassing urban growth for the first time in five quarters." Notably, Dsouza said home and personal care (HPC) ...

Consumer sentiments highest in at least 62 months, shows CMIE data

Index of Consumer Sentiments index is at its highest level since at least March 2019

P&G Hygiene and Health Q3 profit falls 6.5% to Rs 154.4 cr, sales up 13.5%

Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a decline of 6.45 per cent in profit after tax at Rs 154.37 crore in the third quarter ended March 2024 on account of one-time tax impacts. The company, which follows the July-June financial year, had reported a profit after tax of Rs 165.02 crore in the corresponding quarter of the preceding fiscal. However, Procter & Gamble Hygiene and Health Care Ltd (PGHH) revenue from operations increased 13.48 per cent to Rs 1,002.17 crore during the quarter under review. It was at Rs 883.09 crore a year ago. Its Profit After Tax (PAT) of Rs 154.37 crore "was down 6 per cent vs year ago due to one-time tax impacts in the base as well as current quarters", said the earnings statement from the company which owns popular brands such as Vicks in healthcare and Whisper in feminine care. However, its PAT was "up 50 per cent operationally fuelled by product-price mix and productivity interventions", it added. PGHH's total expense

HUL Q4 result: Net profit slips 1.6% to Rs 2,558 cr, demand pickup expected

"We believe that the market is slowly returning to normal. If macros and monsoons do help the agri economy...then that will also add to the change," said Jawa

Supreme Court expands scrutiny to FMCG after Patanjali misleading ads case

Nestle, Bournvita, and MDH have all come under public scrutiny after reports questioning the quality of the consumer goods emerged within the last month

HUL Q4 results preview: Here's what brokerage expect from the FMCG giant

According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted

FPIs jettison FMCG and auto shares during March voyage, shows data

FMCG sells short on hope; auto stocks rev up for profit pullback

We are optimistic about India story, says ITC's Director Hemant Malik

Irrespective of whether we experience tailwinds or headwinds, the market opportunities for our various food categories in India are very large, says Hemant Malik, executive director of ITC

Nestle India approves hiking royalty payment by 0.15% annually for 5 yrs

FMCG firm Nestle India Ltd on Friday said its board has approved increasing royalty payment to its parent firm by 0.15 per cent annually for the next five years, thereby enhancing it to 5.25 per cent of net sales. The board of directors, on the recommendation of the Audit Committee, approved the payment of general licence fees (royalty) by the company to Societe des Produits Nestle SA (licensor), at the rate not exceeding 5.25 per cent, net of taxes, of the net sales of the products sold by it, Nestle India Ltd said in a regulatory filing. The increase will be as per the terms and conditions of the existing general licence agreements, "payable in a staggered manner over the period of five years by making an increase of 0.15 per cent per annum over the current license fees of 4.5 per cent per annum effective from July 1, 2024", it added. The board has recommended the same for approval by the shareholders of the company through a postal ballot, it said. Earlier, Nestle India, which .

Colgate's outperformance depends on volume recovery, premiumisation

The stock has risen by around 36 per cent in the last six months

Marico expects uptick in growth of core categories via ongoing initiatives

Homegrown FMCG major Marico Ltd on Friday said it expects a gradual uptick in the growth of its core categories through ongoing initiatives to enhance the profitability of general trade channel partners and investments towards expansion in footprint across urban and rural outlets over the next couple of years. In its quarterly update on the BSE, Marico said in the fourth quarter of FY24 FMCG demand sentiment stayed consistent vis-a-vis the preceding quarters with trends in urban and rural consumption largely converging. In the fourth quarter consolidated revenue grew in low single digits, moving back into positive territory after three quarters, the company said, adding that it expects a "low double-digit operating profit growth on the back of a healthy expansion in the operating margin". "In Q4, the domestic business posted a slight uptick in volume growth on a sequential basis owing to steadying trends in the majority of the portfolios," the company said. Amidst the backdrop of .

Operating conditions remain subdued, Africa sales sting: Godrej Consumer

Its Indonesia operations, which contributed nearly 13% of Godrej's revenue in the December quarter, delivered double-digit percentage sales growth, the company said

Hot sales ahead: Summer to fire up sales of ACs, beer and sunscreen

Epack Durable, which manufactures air conditioners for durable companies like Voltas, Haier etc., expects a growth rate of more than 15 per cent this year, if the heatwave persists beyond May

FMCG companies to face Q4 volume pressure amid sluggish rural demand

Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector

Food company Annapurna acquires 'Arati' edible oil brand for Rs 28 cr

Packaged food company Annapurna Swadisht Ltd on Wednesday announced that it has acquired the six-decade-old 'Arati' brand mustard oil from R R Proteins and Agro Ltd (RRPAL) for a consideration of Rs 28 crore. The acquisition would help the company foray into the edible oil segment and strengthen its FMCG portfolio. The estimated amount of Rs 28 crore includes the cost of acquisition of manufacturing unit and the brand, a company official said. The funding for the deal would be a combination of internal accruals and debt, he said. RRPAL has a production capacity of 9 lakh litres of oil per month, and the acquisition will enable Annapurna Swadisht to enter a new business vertical of edible oil, he said. "We believe that acquisition offers an opportunity that aligns well with the company's overall strategy of becoming a formidable player in the packaged food industry in the semi-urban and rural markets of India," Annapurna Swadisht Ltd (ASL) Managing Director Shreeram Bagla said. Th

Slowdown in growth trends, valuations near term hurdles for Dmart

Globally it is among the lowest cost retailers. DMart deliberately went slow on private-labels in order to avoid being seen to compete with suppliers and key brands

Electoral bonds: 100 listed firms across 32 sectors are donors, shows data

The top five sectors accounted for over 60 per cent of the total donations

No plans to sell SUUTI stake in FMCG player ITC, says Dipam Secretary

The government has no plans to sell its part stake in ITC, held through SUUTI, amid BAT paring its stake through a block deal in the Kolkata-based FMCG player, a top official said on Wednesday. As on December 31, 2023, Specified Undertaking of Unit Trust of India (SUUTI) held around 7.82 per cent stake in the diversified conglomerate ITC. "There is no such plan at the moment," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. SUUTI last pared a stake in ITC in February 2017, when two per cent equity was sold at a price of Rs 291.95 per share via block deal. In a block deal, two parties make a transaction involving shares worth at least Rs 5 crore. Block deal transactions are conducted in a separate trading window. British multinational BAT Plc on Tuesday said it plans to sell up to 3.5 per cent stake in India's ITC Ltd to institutional investors through a block trade. Following this, the shareholding of BAT will come down to 25.5

FMCG sector to see subdued growth till Sept quarter of 2024: Kantar report

The fast-moving consumer goods sector will have a "subdued" growth till September quarter in 2024 due to factors including an uncertain outlook for the agricultural sector, said a report from data, insights, and consulting firm Kantar. The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products, according to Kantar Worldpanel's FMCG pulse report. But it expects growth to get "progressively" better after September, and the year might yet turn good, especially in the second half, helped by good Rabi harvests. Some summer-related categories and even laundry products will help the industry to an extent, however, the growth in these categories combined will have a negligible impact on overall FMCG, it added. "As a result, we do see FMCG growth to be subdued, at least until Q3 of 2024. Keeping in mind the stronger first half of 2023, we may even end up seeing some stagnation in the early part of

On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

1,500 sellers reach Rs 1 cr in transactions on eB2B platform