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Devika Singh

Principal Correspondent

Moneycontrol

We rather build our own D2C play than acquire startups: Vineet Agrawal Wipro Consumer Care CEO

BUSINESS

We rather build our own D2C play than acquire startups: Vineet Agrawal Wipro Consumer Care CEO

While it is not interested in acquisitions, Wipro Consumer Care has been funding startups through its venture investment arm

Operating environment highly volatile amid geopolitical tensions, supply chain challenges: N Chandrasekaran

BUSINESS

Operating environment highly volatile amid geopolitical tensions, supply chain challenges: N Chandrasekaran

The demand-supply mismatches in crude and several other commodities are driving inflation, which will likely impact demand across categories in this uncertain environment, said Tata Sons Chairman N Chandrasekaran while addressing shareholders at Tata Consumer Products’ 59th Annual General Meeting.

Small FMCG companies struggle, though consumers switch to cheaper products

BUSINESS

Small FMCG companies struggle, though consumers switch to cheaper products

Inflation across categories has hit small packaged consumer goods companies more than their larger rivals given their thin cash reserves and inability to pass on the cost increase to consumers in the face of tepid demand.

What’s good for India is good for HUL: Chairman Nitin Paranjpe at 89th AGM

BUSINESS

What’s good for India is good for HUL: Chairman Nitin Paranjpe at 89th AGM

As its parent Unilever undergoes major restructuring, HUL in February separated the positions of chairman of the board and the CEO and managing director of the company and announced the appointment of Nitin Paranjpe as its non-executive chairman and non-executive director, effective March 31.

How ASICS is targeting small-town India

BUSINESS

How ASICS is targeting small-town India

The Japanese footwear manufacturer currently operates 20 stores in tier-II and beyond cities and plans to open 10-12 stores in small towns by the end of 2024.

Explained | How will decline in edible oil price impact FMCG companies, consumers

BUSINESS

Explained | How will decline in edible oil price impact FMCG companies, consumers

Profit margins of top FMCG companies like Hindustan Unilever and Godrej Consumer Products have been under stress for several quarters now on account of a significant jump in the prices of commodities such as palm oil

Beer makers record sales surge after a lull of two years

BUSINESS

Beer makers record sales surge after a lull of two years

Beer sales exceed pre-pandemic levels in 2022 after a two-year lull caused by COVID-19. Input price inflation remains a key concern for brewers.

Explained: Revlon goes bankrupt. What went wrong with the cosmetics giant?

BUSINESS

Explained: Revlon goes bankrupt. What went wrong with the cosmetics giant?

Revlon filed for bankruptcy, citing supply chain challenges and mounting debt. The company said that move will allow it to strategically reorganise its legacy capital structure and improve its long-term outlook.

Chai Point’s growth ambition rides on vending machines

BUSINESS

Chai Point’s growth ambition rides on vending machines

The company, which runs tea outlets across the country, is aspiring to become the largest brewer of tea and coffee in India.

Explainer: How a plastic straw ban will impact beverage makers

BUSINESS

Explainer: How a plastic straw ban will impact beverage makers

Makers of non-alcoholic beverages are dreading a plastic straw ban that could dent the sales of some popular products, for instance Parle Agro’s Frooti or Amul Buttermilk.

For FMCG companies, packaging is new pain point, even as commodity prices continue to rise

BUSINESS

For FMCG companies, packaging is new pain point, even as commodity prices continue to rise

Even as packaged consumer goods companies are struggling with unchecked inflation in several key inputs, such as palm oil, and crude-linked derivatives, packaging costs have jumped significantly in the last one year.

HUL CEO Sanjiv Mehta’s salary jumps 47% to Rs 22 crore in FY22

BUSINESS

HUL CEO Sanjiv Mehta’s salary jumps 47% to Rs 22 crore in FY22

Mehta drew Rs 3.7 crore as salary, Rs 9.2 crore as allowances, Rs 4.3 crore as a bonus and Rs 4.2 crore as perquisite - long term incentives.

Beer makers plan price hike as inputs costs climb

BUSINESS

Beer makers plan price hike as inputs costs climb

Although brewers are putting cost controls in place to protect their margins, rising costs of barley, glass and other packaging material has made it tough for them to avoid a price hike.

Restaurants defend service charges, say policy in favour of employees

BUSINESS

Restaurants defend service charges, say policy in favour of employees

The Department of Consumer Affairs recently warned restaurants against collecting service charges by default. As restaurants strongly defend the move, the govt has convened a meeting on June 2 to discuss the issue.

Marico acquires D2C breakfast and snacks brand True Elements

BUSINESS

Marico acquires D2C breakfast and snacks brand True Elements

Marico’s other bets on the D2C segment include male grooming brand Beardo and organic beauty brand Just Herbs.

Consumer companies take to nutraceuticals as health consciousness rises

BUSINESS

Consumer companies take to nutraceuticals as health consciousness rises

The pandemic made consumers more health-conscious than ever, which is why companies are selling nutraceuticals in the form of gummies and strips, making them more palatable than pills and leading to higher acceptance.

Inflation to affect margins in first quarter: Godrej Consumer Products

BUSINESS

Inflation to affect margins in first quarter: Godrej Consumer Products

Godrej Consumer Products expects inflation to moderate only in the second half of the year much like most other FMCG companies.

We will not go for more than 5% price hike this year: Amit Jatia of Westlife Development

BUSINESS

We will not go for more than 5% price hike this year: Amit Jatia of Westlife Development

Westlife Development, the master franchisee of McDonald’s in the South and West of India, had taken a 2 percent hike in October last year.

Ruchi Soya to be named Patanjali Foods after acquisition of Patanjali Ayurved’s food business

BUSINESS

Ruchi Soya to be named Patanjali Foods after acquisition of Patanjali Ayurved’s food business

The company told exchanges that the board of directors had approved the transfer of the parent company Patanjali Ayurved’s food business to Ruchi Soya

FMCG: Smaller packs, value brands in focus as consumers battle higher prices

COMPANIES

FMCG: Smaller packs, value brands in focus as consumers battle higher prices

Companies such as Dabur India, HUL and Asian Paints have indicated that consumers are buying cheaper and smaller packs across product categories as inflation quickens

Titan Company eyes over Rs 1,000 crore in sales from women’s ethnic wear by FY27

BUSINESS

Titan Company eyes over Rs 1,000 crore in sales from women’s ethnic wear by FY27

The company, during its annual investor and analyst meeting, shared plans for various segments such as women’s ethnic wear and bags. It aims to reach the Indian diaspora through Tanishq.

AC makers set for 25-30% growth over pre-COVID times as India swelters in extreme heatwave

BUSINESS

AC makers set for 25-30% growth over pre-COVID times as India swelters in extreme heatwave

According to the appliances manufacturers association, the industry doubled its sales in April compared to the same month last year.

Under Armour set to launch D2C platform in India

BUSINESS

Under Armour set to launch D2C platform in India

The sportswear brand pivoted to a distributor model last month and appointed Underdog Athletics as the local distributor and master franchise.

Click and mortar: Why D2C brands are launching offline stores

BUSINESS

Click and mortar: Why D2C brands are launching offline stores

After building their brands solely through apps, websites and e-marketplaces, Direct-to-Consumer companies across categories are launching physical stores to drive the next phase of their growth. Will the strategy click?

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