Page 9 - Fmcgs

ITC's FMCG biz records 21% rise in annual consumer spend at Rs 29,000 cr

Diversified conglomerate ITC's FMCG business has recorded a 21 per cent rise in annual consumer spend to nearly Rs 29,000 crore in 2022-23, according to the latest annual report of the company. ITC operates in the FMCG space with 25 home-grown brands. The company measures annual consumer spend as the sum total of what the consumer spends on buying the goods of the company. It is the net sales turnover of the brands along with channel margins and taxes. "Your company's vibrant portfolio of over 25 world-class Indian brands, largely built through an organic growth strategy in a relatively short period of time, represents an annual consumer spend of nearly Rs 29,000 crore and reaches over 230 million households in India," ITC said addressing its shareholders in the report. This is around 21 per cent higher than the financial year 2021-22. In the last annual report, ITC said its FMCG business had an annual consumer spend of over Rs 24,000 crore. In terms of distribution reach, ITC sai

Revenue growth for FMCG companies to tamp down in April-June quarter

Some companies are yet to see pick-up in rural demand

Five additional brands crossed Rs 100 cr in sales in FY23, says Dabur India

With reduced prices for most of its commodities, Dabur India expects to see expansion in gross margins in the current fiscal; the FMGC major has made an entry into the spices category

E-com firms' demand for gig workers up as shopping festivals near: Study

'Numerous opportunities' for individuals in flexible and on-demand work arrangements, it says

White-collar hiring in India witnesses 3% decline in June: Report

White-collar hiring in India witnessed 3 per cent decline in June as sectors such as IT, Retail, BPO, Education, FMCG and Insurance also showed cautious hiring sentiments, a report said on Monday. According to the Naukri JobSpeak Index, on a year-on-year basis, June witnessed a 3 per cent decline with 2,795 job postings compared to 2,878 in June 2022. On a month-on-month basis, the job postings fell by 2 per cent. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. "The white collar job market of India is witnessing a structural shift. For a long time, jobs in the tech sector and in top metros were the key drivers of white collar job growth. "Of late, jobs in the emerging sectors such as real estate, oil and gas, pharma and BFSI have emerged as significant contributors to job growth," Naukri.com Chief Business Officer Pawan ...

Amid global challenges, India a silver lining: HUL's Nitin Paranjpe

He said there were five factors that would help India in its growth journey

Reliance Consumer Products to focus on expanding distribution reach

Firm will eventually be present across all categories; unlike other players pushing for premiumisation, it will focus on keeping its product prices low to cater to the masses

Reliance Consumer takes its staples brand 'Independence' to North India

In May, RCP announced its entry in the western snacks category with the launch of Alan's Bugles in India marking its foray into the snacks segment

Unseasonal rain curtails FMCG demand in May; rural segment grows 2.2%

Beverage sales were down 29.4% YoY in May; March-June accounts for over half of the annual demand

Patanjali Foods aims Rs 5K cr profit at Ebitda, over Rs 50K cr in 5 yrs

Edible oil firm Patanjali Foods has chalked out an aggressive growth plan to reach Rs 5,000 crore operational profit and over Rs 50,000 crore turnover in the next five years, banking on huge opportunity that it sees in FMCG business and oil palm plantations. Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, was acquired in September 2019 by Baba Ramdev-led Patanjali Group through a corporate insolvency resolution process. In an interview with PTI, Ramdev said the company would like to grow its food and FMCG business as well as oil palm plantation vertical in a big way. Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, he highlighted. "Our target is to achieve more than Rs 5,000 crore profitability at EBIDTA level and over Rs 50,000 crore turnover in the next five years," Ramdev said. During the full 2022-23 fiscal, the net profit rose to Rs 886.44 crore from Rs 806.30 crore in the preceding fiscal. Th

FMCG stocks get a boost from improving prospects; analysts are bullish

Despite high valuations, analysts are bullish and upgrading targets on the back of volume and margin gains for companies

Margins remain a pain point for organised FMCG supply-chain companies

Experts say gross margins are low, with the last-mile supply chain and retailer not making money

Varun Beverages briefly becomes 4th largest FMCG by market capitalisation

Overtakes Britannia in m-cap during intraday trade

FMCG companies chase volume growth, slice prices, bump up grammage

For the past two years, these companies were forced to increase prices and cut grammage as raw material costs rose significantly

Small grocery stores are making a comeback despite growing ecommerce demand

Despite the rapid rise of modern trade and ecommerce, FMCG companies said they would continue to focus on direct distribution in both urban and rural areas, primarily targeting local grocers

FMCG volume growth returns in January-March quarter, shows NIQ data

In its forecast, NIQQ said that despite global uncertainties, India's FMCG market forecasted growth is at 7%-9% for full year 2023

FMCG sales slow on lower stocking; home care only category to report growth

Home care was the only category which saw growth on a year-on year basis in April at 11.2% however it was down sequentially at 20.9%

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Dabur India's Q4 net profit falls to Rs 292.76 crore, revenue up 6.4%

Revenue from operations in the fourth quarter, meanwhile, jumped 6.4 percent to Rs 2,677.8 crore for the quarter under review, as compared to Rs 2,517.81 crore in the year-ago period

Top headlines: Likely profitable Q4 for India Inc, rural FMCG sales up

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