BUSINESS
Freight to fodder: What’s ‘fuelling’ milk price rise?
The cost of transportation for the dairy industry has risen by as much as 50 percent per litre because of the rise in fuel prices. Also, there is a rise in procurement and packaging costs. Consequently, prices of brands like Amul, Mother Dairy and Gokul have gone up.
BUSINESS
Four challenges that IPO-bound Zomato faces
Zomato IPO opens today at a price band of Rs 72-76
BUSINESS
Quick-service restaurants fare better in second wave of COVID-19 than apparel, jewellery retailers
Quick adoption of e-commerce and delivery-led models by quick service restaurants such as Dominos and Burger King made them less susceptible to the second wave even as stores were shut due to the lockdowns, say analysts.
BUSINESS
Why FMCG companies have made a beeline for male grooming start-ups
The new-age male grooming companies such as The Man Company, Beardo, Ustraa, and Bombay Shaving Company have created a niche for themselves in the premium segment.
BUSINESS
Explained | What is HUID and how it is plaguing the jewellery industry
Govt has made it mandatory for all jewellers in 256 districts to hallmark gold jewellery from June 16. Experts say the govt needs to strengthen infrastructure to ensure the smooth rollout of the new regime. A report by ICICI Securities says that India has 945 AHCs, of which 490 were added in the last five years.
BUSINESS
Discretionary products on recovery path after smaller hit on sales by COVID-19 second wave
Quarterly updates from companies indicate that sales of discretionary products fared better during the second wave of the COVID-19 pandemic than the first wave, and the outlook is bright if the vaccination drive remains on track and there is no third wave.
BUSINESS
India FMCG business sees high single-digit growth in Q1FY22: Wipro Consumer Care
For FY21, the company reported over 17 percent growth. CEO Vineet says the company has performed well in international markets, which contribute about 60 percent to the firns’s business
BUSINESS
Direct selling companies under the lens as government proposes new draft policy
Players such as Amway, Tupperware and Modicare would have to tweak regulations and change the way they operate if the new rules come into force, indicate experts.
BUSINESS
Keventers plans experiential stores in tier II, III cities, focus on delivery in metros
The milkshake brand is deploying cloud kitchen model increasingly at metropolitan locations.
BUSINESS
Building business the Mariwala way
From a small unit of Bombay Oil Industries in the 1970s to one of India’s largest FMCG companies with a market cap of over Rs 69,000 crore, Marico has come a long way.
BUSINESS
I am a strong believer in building businesses the old way: Marico founder Harsh Mariwala
Harsh Mariwala, the founder and chairman of the $1 billion FMCG company Marico, is set to launch a book on his entrepreneurial journey later this month. In an exclusive conversation with Moneycontrol, Mariwala shares his takeaways from building a business from the ground up.
BUSINESS
Digital: The newest trick in the book for publishers and sellers
From virtual book releases to direct-to-customer platforms, book publishers and shops are adopting the digital medium in all shapes and forms.
BUSINESS
Sanitiser penetration grows but several FMCG companies deprioritise the product
Post-COVID, the sanitiser market will shrink considerably and there will be room only for old trusted brands or bulk low margin suppliers, suggest experts.
BUSINESS
After tea, it’s time to brew some coffee for Tata Consumer Products
At the AGM last week, Tata Sons Chairman N Chandrasekaran announced the launch of the gourmet coffee brand Eight O’Clock in India. Earlier in June, the company had introduced Sonnets by Tata Coffee, a premium offering in the roast ground coffee segment.
BUSINESS
Tata Consumer Products to bolster e-commerce capabilities: N Chandrasekaran
The company plans to launch the gourmet coffee brand Eight O’Clock next week in India through the D2C channel. Earlier this month, the company had launched customised coffee brand Sonnets through the D2C channel.
BUSINESS
Health, wellness brand Gaia to launch D2C platform as firms take e-commerce route
A host of FMCG companies like Marico and Emami had launched their direct-to-consumer platforms last year in a bid to reach the consumers directly as the COVID-19 pandemic has impacted traditional retail
BUSINESS
RIL AGM | One in every eight Indians shops with Reliance Retail: Mukesh Ambani
Reliance Retail continues to be the undisputed leader in organised retailing in the country, with scale that is more than six times the next competitor, said Chairman Mukesh Ambani at the 44th Annual General Meeting of RIL.
BUSINESS
Reliance AGM 2021: JioMart, Future deal in focus as retail set to drive growth for RIL
RIL has been building up omnichannel play with JioMart, which coupled with Future Group’s offline muscle, could build a formidable opponent for incumbents in the e-commerce segment.
BUSINESS
‘FOGG chal raha hai’: How Vini Cosmetics beat heavyweights like ITC, HUL in the deodorant market
KKR’s investment of Rs 4,600 crore for the controlling stake in Vini Cosmetics is expected to propel the branded deodorants, cosmetics and toiletries maker to the next phase of growth after it made a mark with innovation and effective communication
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.
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.
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.
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.
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.
