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Devika Singh

Principal Correspondent

Moneycontrol

Salons report better footfalls than last year amid staggered reopening

BUSINESS

Salons report better footfalls than last year amid staggered reopening

Salon chains such as Jean-Claude Biguine, Enrich, and Naturals have reopened their doors for the customers, however, walk-ins are not allowed.

Inflation pinch: Price rise worries build up across FMCG, auto and white goods

BUSINESS

Inflation pinch: Price rise worries build up across FMCG, auto and white goods

On one hand, food inflation is on the rise and on the other, commodity-prices linked inflation is leading to an increase in raw material costs. A combination such as this could effectively impact the topline in Q3.

Neighbourhood kiranas transform to give supermarket feel to consumers

BUSINESS

Neighbourhood kiranas transform to give supermarket feel to consumers

Standalone modern trade stores have mushroomed across the country as technology helps kiranas to upgrade in the era after demonetisation and GST.

We are on course to clock Rs 100 crore from honey brand this year: Marico CFO Pawan Agrawal

BUSINESS

We are on course to clock Rs 100 crore from honey brand this year: Marico CFO Pawan Agrawal

Marico has faced heavy pushback from its competitor Dabur since it announced its foray into the honey segment last year, but the company is confident, and believes that Saffola has very strong brand equity in the health and wellness space.

Consumer demand for dine-in services may not recover until second half of FY22: Care Ratings

BUSINESS

Consumer demand for dine-in services may not recover until second half of FY22: Care Ratings

The overall market size of the food services industry is expected to have declined by 40-50 percent in FY21 due to the global outbreak of COVID-19 and subsequent imposition of restrictions in the country.

Retailers lose $25-30 billion in revenue, pin hopes on festive season

BUSINESS

Retailers lose $25-30 billion in revenue, pin hopes on festive season

According to Kumar Rajagopalan, CEO of the Retailers Association of India, the sector usually clocks $40 billion-$45 billion in revenue in April and May collectively.

FMCG CEO Salaries: Who took a cut and who got a hike in FY21

BUSINESS

FMCG CEO Salaries: Who took a cut and who got a hike in FY21

The pay package of HUL’s Sanjiv Mehta, the highest-paid FMCG executive in India last year, dropped by 21 percent in FY21

Nestle swings into damage-control mode, launches ad campaign on 'healthfulness' of products

BUSINESS

Nestle swings into damage-control mode, launches ad campaign on 'healthfulness' of products

Last week, Financial Times reported that the FMCG major, in an internal presentation, has acknowledged that more than 60 percent of its products do not meet the recognised definition of health.

This week in FMCG: Amul and PETA slug it out, Nestle in ‘unhealthy’ food row and ITC’s Q4 earnings

BUSINESS

This week in FMCG: Amul and PETA slug it out, Nestle in ‘unhealthy’ food row and ITC’s Q4 earnings

The week has seen battle lines drawn over what is “healthy” and also brought home the fact that the Indian consumer is wising up.

First quarter of FY22 will be a big washout: V-Mart Retail CFO Anand Agarwal

BUSINESS

First quarter of FY22 will be a big washout: V-Mart Retail CFO Anand Agarwal

Anand Agarwal talks to Moneycontrol about the impact of the second COVID-19 wave on value commerce, the slow adoption of e-commerce in rural India and the company's plan to open 55 new stores in FY22.

COVID-19 ends 65-year-old journey of luggage retailer Witco

BUSINESS

COVID-19 ends 65-year-old journey of luggage retailer Witco

Chennai-based Witco wound up operations after the pandemic killed its business, which was still struggling to recover from the blows of of GST and demonetisation.

Explained | Why Amul and PETA are at loggerheads

BUSINESS

Explained | Why Amul and PETA are at loggerheads

Amul has urged the prime minister to ban PETA, saying the NGO is an “opportunist element spreading misinformation”. At the core of the faceoff is Amul’s campaign that plant-based beverages should not use the word ‘milk’ on their labels

Zandu Balm, Iodex fly off shelves as COVID stress triggers aches and pains

BUSINESS

Zandu Balm, Iodex fly off shelves as COVID stress triggers aches and pains

A study in December showed that stress and anxiety levels were on the rise because of the pandemic. Stress and lack of exercise is causing body pain and headaches.

Nestle ‘unhealthy’ food row: 4 questions answered

BUSINESS

Nestle ‘unhealthy’ food row: 4 questions answered

The FMCG major in a presentation circulated internally has acknowledged that more than 60 percent of its products do not meet recognised definition of health.

Logistics firms hire tens of thousands as e-commerce booms in second wave

BUSINESS

Logistics firms hire tens of thousands as e-commerce booms in second wave

Demand for third-party logistics has jumped as the pandemic has catalysed online sales and expanded e-commerce to smaller towns.

Shopping malls report losses to the tune of Rs 3,000 crore due to lockdowns

BUSINESS

Shopping malls report losses to the tune of Rs 3,000 crore due to lockdowns

The Shopping Centres Association of India has urged the government to extend the moratorium on loans and indicated that the industry might see NPAs if the restrictions continue for another month.

HUL’s skin care, ice cream sales fall; health, hygiene and nutrition rise in pandemic year

BUSINESS

HUL’s skin care, ice cream sales fall; health, hygiene and nutrition rise in pandemic year

Hindustan Unlilever says the trajectory of the pandemic remains largely unpredictable and the impact of COVID-19 will continue for some time but it is bullish on the FMCG sector in the medium to long term

Why edible oil prices have surged to their highest in a decade

BUSINESS

Why edible oil prices have surged to their highest in a decade

Edible oils have risen as much as 62 percent in the last year as bad weather in major producing countries and increasing use of biofuels has hit supply, but experts say the market will stabilize in a few months

Emami, Shoppers Stop launch exclusive brands on D2C channel

BUSINESS

Emami, Shoppers Stop launch exclusive brands on D2C channel

Shoppers Stop has over 100 exclusive brands on its direct-to-consumer platform. Emami plans to introduce more brands and products, which will not be available offline and in other e-commerce marketplaces.

COVID-19 impact | Only 15% of market operational at the moment, says Relaxo Footwears MD Ramesh Kumar Dua

BUSINESS

COVID-19 impact | Only 15% of market operational at the moment, says Relaxo Footwears MD Ramesh Kumar Dua

In a post-earnings call, Dua has informed that the company is operating only three out of its eight production facilities due to the COVID-related restrictions.

This week in FMCG: COVID-19 impacts peak season sales of ice cream, cola makers while essentials witness surge

BUSINESS

This week in FMCG: COVID-19 impacts peak season sales of ice cream, cola makers while essentials witness surge

The second wave of the pandemic has impacted the consumption of discretionary products such as ice cream and non-alcoholic beverages, while products such as soaps and sanitisers have found a new lease of life.

Heritage Foods to expand value-added dairy portfolio; eyes 40% revenue from segment

BUSINESS

Heritage Foods to expand value-added dairy portfolio; eyes 40% revenue from segment

The dairy company drew over 26 percent of its revenue in the fourth quarter from value-added products including curd, paneer, milkshakes, and flavoured milk.

COVID-19 deep freezes peak-season ice cream sales for 2nd straight year

COMPANIES

COVID-19 deep freezes peak-season ice cream sales for 2nd straight year

Ice cream makers get a big chunk of their sales and profits in the April-June period but lockdowns in many regions has derailed demand even though dairy products have been listed in the “essential” category of goods.

Sanitiser no more hot sale, consumers not hoarding it: Ullas Kamath, Jyothy Labs

BUSINESS

Sanitiser no more hot sale, consumers not hoarding it: Ullas Kamath, Jyothy Labs

In an interaction with Moneycontrol, Ullas Kamath talks about the impact of the COVID-19 pandemic on the company’s product portfolio which includes products such Pril dishwashing liquid and Ujala fabric whitener.

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