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.
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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?
BUSINESS
FMCG margins to remain impacted in quarters ahead
Weighed down by inflation and tepid demand, FMCG players are pinning their hopes on a good monsoon — to revive rural demand, check the unabated price rise and ease the pressure on their margins.
BUSINESS
Consumers are downtrading across the segments: Dabur CEO Mohit Malhotra
Consumers have moved to low unit packs even in urban India due to price increases and inflation, Dabur CEO Mohit Malhotra said in a post-earnings investor call.
BUSINESS
Fashion retailers plan further price hikes as cotton price climbs
Several retailers had hiked prices in December before launching their summer collections. However, given the steep rise in the price of cotton, a key input, these players may hike prices again.
BUSINESS
The new Unilever structure would be right for HUL: CEO and MD Sanjiv Mehta
Hindustan Unilever’s parent company, Unilever, had announced a restructuring in January this year. Sanjiv Mehta, CEO and MD, says the reorganisation would work in favour of the Indian unit too.
BUSINESS
FMCG to see further pricing action: Sanjiv Mehta, CEO and MD, HUL
Sanjiv Mehta, CEO and MD, HUL, in a recent conversation with Moneycontrol indicated that the company would take further pricing action in the quarters ahead, as it continues to battle inflation in several key commodities.
BUSINESS
We are a Rs 50,000-crore company but HUL’s best is yet to come: CEO and MD Sanjiv Mehta
In an interview with Moneycontrol, the FMCG bellwether’s chief talks about inflation, demand, M&A, restructuring, bridge packs, Horlicks and his outlook for the sector and company
BUSINESS
HUL indicates margin to remain under stress in quarters ahead
According to the company it witnessed over 60 percent inflation in crude oil and palm oil, 20 percent inflation in plastics and 30 percent inflation in soda ash in the March quarter of FY22 as compared to the same period the previous year.
BUSINESS
Shoppers Stop eyes acquisition in D2C segment
Though Shoppers Stop has built a portfolio of private brands across various categories, the company could be eying a few acquisitions in others key segments, indicated MD and CEO Venu Nair.
BUSINESS
Piramal using e-commerce as testing ground for consumer products: CEO Nitish Bajaj
Piramal’s consumer products division is tapping celebrity endorsements, expanding distribution and leveraging e-commerce as it eyes rapid growth.
BUSINESS
Explainer: How Indonesia’s palm oil export ban will impact consumers
Consumers have witnessed unprecedented inflation across product categories. And now with Indonesia’s ban on palm oil, prices of several consumer products of daily use are set to surge higher. Read on to understand how this move impacts fast-moving consumer goods companies and the end-consumer.
