BUSINESS
How Modi’s coalition government could propel FMCG companies
Consumer non-durables firms anticipate a resurgence in rural demand in 2024, bolstered by sustained government expenditure, price adjustments and improving macroeconomic conditions.
BUSINESS
Titan targets Rs 500 crore in fragrance sales, aims for 6 million customers by FY27
Titan's 'emerging business' segment, comprising fragrances and fashion accessories, and Indian dress wear, grew 26% YoY in total income to Rs 97 crore in Q4 FY24.
BUSINESS
Rapid expansion of Zomato, Swiggy to impact QSR sales, says report
A BNP Paribas’ QSR report says food aggregators' expansion offers consumers more options but is fragmenting sales, adding to the already weak daily sales figures in the QSR industry amid sluggish demand
BUSINESS
V2 Retail plans to open 40-50 stores in FY25; sees double-digit rise in footfalls
The retailer aims to go live with its online business in two months, Akash Agarwal, director at V2 Retail, told Moneycontrol.
BUSINESS
Colgate aims to push for growth while sustaining margins, says CFO
The company does not foresee any spike in input costs for the immediate quarters.
BUSINESS
Asian Paints eyes pricing stability amid steady raw material prices
That management foresees prices to remain benign in Q1FY25, but going forward there might be some inflation.
BUSINESS
Indian FMCG industry surges with 6.6% value growth, rural consumption leads: Report
Rural consumption growth has been steadily increasing and exceeded urban growth in Q1CY24.
BUSINESS
Marico commits Rs 70-100 crore to increase direct distribution reach over next 3 years
The project will not have any impact on profitability, the management clarified.
BUSINESS
Britannia forecasts 'manageable' inflation amid concern over wheat, sugar prices
The company is aiming for a double digit volume growth this year, the management said in a post earnings con call.
BUSINESS
Titan says ‘comfortable’ with debt levels, financial stance balanced
The company’s cash reserves exceed Rs 3,000 crore, and equity stands at over Rs 13,000 to Rs 14,000 crore.
BUSINESS
Titan eyes margin improvement amid gold price volatility
The jewellery business accounts for 88 percent of the total income of the company.
BUSINESS
Foreign tourist arrivals in India set to surpass pre-pandemic peak
In 2019 FTAs reached a record high of 10.93 million. In 2023, FTAs witnessed a remarkable surge of 43.5 percent, reaching a substantial figure of 9.24 million.
BUSINESS
Dabur says ethylene oxide not used in its masala products for domestic markets
Dabur's masala portfolio consisting of the Badshah brand has not been banned anywhere, the management said.
BUSINESS
Dabur Q4 results: Company's rural focus fuels 400 bps growth outpacing urban markets
Dabur India on May 2 reported consolidated net profit of Rs 341 crore in the March quarter, registering a growth of 16.5 percent
BUSINESS
Explainer: Why are top Indian spices in a pickle abroad?
In 2019, certain batches of an MDH product were recalled in the U S due to salmonella contamination. This new development is likely to impact exports in the short-term and lead to more stringent regulations in the long-term.
BUSINESS
Nestlé India to form JV with Dr Reddy’s for nutritional health solutions
The joint venture will aim to extend the reach of Nestlé's science-backed nutritional solutions to a broader customer base across the country by leveraging Dr. Reddy’s extensive retail and distribution network.
BUSINESS
Milk, cereal prices to add to Nestle’s woes with coffee, cocoa prices already at record highs
Nonetheless, the company’s domestic sales crossed Rs 5,000 crore this quarter, and its standalone net profit was up 27 percent.
BUSINESS
Nestle to bring Nespresso brand of coffee and machines to India as demand grows
The first NESPRESSO boutique is slated to open in Delhi, with plans to expand to other major cities in the near future.
BUSINESS
HUL focuses on beauty segment growth amid personal care decline
The management said that while its beauty product line primarily targets urban consumers, it would be inaccurate to suggest that rural markets are neglected
BUSINESS
Urban markets, premium products continue to drive FMCG growth even as rural demand seeing recovery: HUL
Commenting on the outlook for the FMCG sector, the HUL management said that it sees FMCG demand to continue improving gradually.
BUSINESS
Tata Consumer tea market share declines; CEO waits for rivals to release numbers
Tata Consumers' moving annual total (MAT) market share for tea has decreased by 30 basis points in volume and 50 basis points in value over the past year.
BUSINESS
Tata Consumer's India foods business continues double digit growth
For e-commerce, the India Foods business saw a 70 percent YoY growth in FY24.
BUSINESS
Tata Consumer Q4: Premium, sub-premium segments drive revenue growth for India Tea portfolio
Tata Consumer maintained its market leadership in tea sales through E-commerce.
BUSINESS
Tata Consumer completes Capital Foods integration, expands market reach
In January, TCPL had finalized deals to acquire full ownership of Capital Foods, known for brands like Ching’s Secret and Smith & Jones, as well as Organic India, a company specializing in organic teas and health foods.
