BUSINESS
Carbonated drinks market yet to recover from COVID blues
The market for cola and non-cola drinks is yet to reach pre-COVID sales levels in India even though beverages overall reported a stellar summer season after two years of disruption.
BUSINESS
FMCG: Raw material prices fall but margins remain under pressure
A rain deficit in some northern states, and deprecation of the rupee, could impact the sector and derail the benefits of declining commodity prices. Analysts feel the pressure on margins may ease only in H2 of FY23.
BUSINESS
We expect to face several challenges during beta testing: Thampi Koshy, ONDC
Koshy in an interaction talks about the challenges that lie ahead for the open network, and onboarding sellers and buyers on the platform.
BUSINESS
Wow! Momo to launch Cuppa Thupka and sauces in big packaged foods push
The company entered the frozen foods segment last year with the launch of frozen momos on BigBasket. Now, after a year-long trial, it plans an expansion along with the launch of other packaged food categories such as Cuppa Thupka and sauces.
BUSINESS
High growth in luggage segment to continue for next five quarters: Samsonite India CEO
With the pandemic ebbing and the travel sector reviving, demand for luggage has jumped, said Jai Krishnan, CEO of Samsonite.
BUSINESS
What Narasimhan’s appointment as global CEO means for Tata Starbucks?
While the international cafe chain witnessed a decline in sales with the onset of the pandemic, it kept on launching stores and is now back on the growth track, says a report by Jefferies. Profitability, however, still remains a concern for investors in the country.
BUSINESS
B2B general trade to hit $1.2 trillion by 2030 on online sales push: Redseer
Udaan is emerging as the clear leader, followed by JioMart among B2B e-commerce players. Overall general trade may double to $1.4 trillion by 2030, says the consulting firm.
BUSINESS
What does Reliance Retail’s FMCG venture mean for the market?
Isha Ambani, director of Reliance Retail Ventures Ltd, said on August 29 that the company would soon enter the packaged consumer goods segment. Here’s how the move would impact the segment and existing FMCG players.
BUSINESS
Fast moving goods in Rs 20 packs challenge the reigning SKUs
Packaged consumer goods companies clock a significant portion of their sales from Rs 5 and Rs 10 packs. However, companies had to reduce the grammage of these packs in the wake of inflation to protect their margins.
BUSINESS
FMCG companies bet on pet food as ownership jumps in India
Nestle India and Emami have entered the pet food category through acquisitions as the growing trend of pet ownership, especially after the pandemic, has made the business more lucrative.
BUSINESS
Consumers can absorb price shocks: Britannia CEO Varun Berry
In the last two years, Britannia Industries has taken price hikes of over 20 percent across its product portfolio. The move, though having dented its volumes, has not had the expected negative impact, said the company’s CEO and MD.
BUSINESS
GST on unbranded food will create level-playing field for FMCG companies: Angshu Mallick of Adani Wilmar
Adani Wilmar CEO and MD says the company is seeing a growing demand for branded staples after 5% GST on unbranded food products kicked in
BUSINESS
What helped Metro Brands’ record performance in Q1?
Metro Brands, which sells footwear and accessories under in-house brand names such as Metro Shoes, Mochi, Walkway, and partner brands like Crocs, reported an almost fourfold jump in June quarter revenue.
BUSINESS
Nestle India is more focussed on protecting its growth model amid inflation: Suresh Narayanan
Nestle India is working on balancing pricing, and margin expectation and at the same time also trying to retain the growth for the future, said the CMD.
BUSINESS
How Indian consumers are coping with inflation
A significant price rise across commodities has been affecting the consumer’s purchase across segments for more than a year now. A recent report released by insights and consulting company Kantar Worldpanel highlights how consumers are coping with the high inflation.
BUSINESS
It takes time to establish a brand in the market: IKEA India CEO Susanne Pulverer
IKEA India is set to launch its fifth store in India in Mumbai on July 28. On the sidelines of the event, the company’s chief executive officer and chief sustainability officer in the country Susanne Pulverer spoke about the company’s ‘cautious’ and ‘different’ store opening approach in India and the resurgence of offline sales post-pandemic.
BUSINESS
Up to 80% of our sales originate online, says Shoppers Stop MD Venu Nair
The consumers, as life returns to normalcy after the pandemic, have adopted a more omnichannel behaviour and Shoppers Stop too is reinventing itself to tap this change
BUSINESS
Inflationary situation to remain volatile: Asian Paints’ CEO Amit Syngle
Syngle added that the company’s gross margins for the quarters ahead will remain in the 38-40 percent range amidst the volatile inflationary situation, rupee depreciation, and the fear of a global recession.
BUSINESS
Another quarter of pain ahead for FMCG, indicate biggies HUL, ITC
FMCG companies have now pinned hopes on the monsoon, which could bring about revival in the rural economy and spur sluggish consumption.
BUSINESS
Mensa Brands eyes building $100-mn brands in the ethnic fashion category
In the last one year, Mensa Brands has acquired four brands in the ethnic fashion category. The company is looking to grow its ethnic fashion vertical to be a $300-million business in the next five years.
BUSINESS
Reliance Retail clocks 52% YoY growth in Q1 revenue at Rs 58,569 crore
Reliance Retail Q1 | Revenue in Q1FY22 was at Rs 38,563 crore. The sequential growth in Retail topline was nearly 1 percent.
BUSINESS
Hotel business de-merger ‘very much’ on table, says ITC chief Sanjiv Puri
Sanjiv Puri, chairman and managing director, ITC, said that the company will be exploring an alternate structure for the hotels business
BUSINESS
Restaurant Association welcomes Delhi High Court’s order staying the ban on service charge
The National Restaurant Association of India (NRAI) had moved to Delhi High Court after the Central Consumer Protection Authority (CCPA) had issued a guideline to the industry earlier in July imposing a ban on levy service charges by the restaurants.
BUSINESS
HUL’s Q1 performance indicates large FMCG players gaining out of inflation
HUL reported a net profit jump of 14 percent in the quarter gone by. The June quarter, unlike other inflation-impacted periods, saw HUL’s sales by volume increase. Analysts say the better-than-expected performance by HUL helped by market share gains.
