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.
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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
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.
BUSINESS
Emami expects a hit in summer sales as rural demand slides
The company draws more than a third of its sales of products like Navratna Cool Oil during the April-June quarter.
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.
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.
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.
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.
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.
TRENDS
COVID-19 fallout | Personal care products witness 33% drop in April sales; sanitisers, soaps buck the trend
Consumers are unwilling to spend on non-essential items and the sale of personal care products in the country reflects this trend, shows data from market intelligence platform Bizom.
BUSINESS
The Big Fight: Big Bazaar Vs BigBasket as supermarkets push home delivery amid lockdown
Big Bazaar aims to get about 35-40 percent of its business through deliveries in the next six months.
BUSINESS
Food For Thought: Health foods, kitchen essentials defy FMCG gloom amid lockdowns in April
April FMCG sales fell 16 percent month on month, according to retail intelligence platform Bizom, but people bought more branded rice, cooking oils and food that is marketed as immunity boosting or healthy.
BUSINESS
Retailers resort to discounts, hop on to D2C bandwagon as COVID-19 hits offline sales
Multi-brand outlets such as Shoppers Stop, Pantaloons, Lifestyle have rolled out promotional schemes and are offering discounts to the tune of 50-70% on their websites.
