BUSINESS
FMCG companies bet on festive season booster to speed up rural recovery
Demand in the FMCG market had been subdued in the July-to-September quarter, with volumes in rural markets declining 1 percent on a two-year CAGR basis. Urban volumes, however, increased 3 percent on a two-year basis
BUSINESS
Kalyan Jewellers’ to continue debt-reduction plan, franchise-fuelled growth
In the earnings calls, Kalyan Jewellers also unveiled a dividend policy, intending to distribute 18-20 percent of the profit among shareholders
BUSINESS
India's online cosmetic market surges amidst traditional try-and-buy: Kantar Cosmetic Panel
The report also provides insight that over the past ten months, 42 percent of women have acquired a face makeup product, amounting to expenditures totalling INR 1,120 crore.
BUSINESS
Mrs Bectors soars in Q2 as premium products, efficient distribution drive growth
The company said when examining the distribution-led growth, 70 percent came from their existing outlets, while the remainder resulted from the establishment of new outlets.
BUSINESS
D2C market bustles after Mamaearth IPO blows the lid off untapped potential
The D2C sector is abuzz with potential IPOs, with notable companies like FirstCry and Lenskart preparing to go public.
BUSINESS
Titan confident of Q2 repeat in December quarter on festival, wedding season demand
The jeweller and watch maker reported a consolidated net profit of Rs 916 crore for the September quarter, up 9.7 percent from the year-ago period
BUSINESS
HUL CEO Rohit Jawa foresees India's brightest decade in consumption
Jawa expressed his optimistic outlook for India's future, calling it the "consumption decade".
BUSINESS
Shree Renuka predicts 20% drop in cane production after erratic monsoon
While production in Maharashtra and Karnataka was affected substantially, Uttar Pradesh was not impacted.
BUSINESS
The evolution of Indian snacking: Health consciousness meets traditional flavours
While health considerations play a role in buying decisions, taste often takes precedence. Thus, even snacks like chips, which aren't typically seen as healthy, maintain strong sales
BUSINESS
Bisleri International targets health-conscious urban consumers in premium segment expansion
The company sees a big urban opportunity as it launches Vedica Himalayan Sparkling Water; aims to increase the share of carbonated soft drinks in its overall business to 10 percent.
BUSINESS
On road to 'rurban' vows, FMCG players find big bucks in small packs
Companies including Nestle and Dabur are betting on smaller packs and low price points to woo value-conscious consumers in rural areas and small towns
BUSINESS
August saw a drop in Indian consumer sentiment, says CMIE
Analysts point to weak monsoon, stagnant incomes and inflation for the fall in sentiment, but expect strong festive demand.
BUSINESS
Small FMCG players regain Indian market share as raw material prices cool off
Analysts also noted that fundamentally, things remain the same. High commodity prices last year challenged smaller businesses due to limited working capital and insufficient inventory
BUSINESS
United Breweries extends gains to hit 8-month high
Elevated prices of barley and glass had been weighing on the company’s operating profit margins. The prices have eased in the last few months, say analysts
BUSINESS
Haldiram’s: How a small sweet shop in Bikaner became a global snack brand
Spanning six generations of business acumen, the Agarwal family’s knack for spices and adeptness in handling legal disputes has led to it accumulating a vast amount of wealth. Outperforming global giants, their venture has cemented its place in Indian households.
BUSINESS
FMCG TV ad volumes surge 6% in first half of 2023 on rural demand picks up
For the FMCG companies, the second half of the year will be driven by festival season and will likely result in higher ad spends, say analysts
MARKETS
Jubilant Food hits 9-month high on hopes of festive boost, but longer-term challenges remain
The shares were trading at Rs 540.35 at 2:40 pm, up 1.3 percent over their previous close.
BUSINESS
B20 India Summit| Global executives discuss customized ESG solutions for emerging economies
Global executives across countries and international bodies recognize the need of ESG reporting as the need of the hour to help accountability and transparency.
BUSINESS
U.S. Polo Assn. eyes growth through adjacent categories; launches ‘Legends’ campaign
U.S. Polo Assn., representing the official United States Polo Association, in collaboration with Arvind Fashions introduced the 'Legends' marketing campaign and the launch of its exclusive brand-specific website uspoloassn.in for the Indian market
BUSINESS
D2C surge: Traditional brands pivot for next-gen wallet share
Dabur is one of many traditional brands that is looking for a slice of the D2C market. Analysts say that even big brands will eventually need unique products and the ability to stay in this market segment over the long term.
BUSINESS
'ITC Next' lays out blueprint for profitable growth amid global uncertainty
In line with its expansion strategy, ITC inaugurated five state-of-the-art factories and a luxury hotel.
BUSINESS
Kalyan Jewellers to expand Candere's offline presence, open 30 stores this year
By the end of the year, the company wants offline revenue to account for 20-25 percent of Candere's total revenue, Kalyan Jewellers executive director Ramesh Kalyanaraman tells Moneycontrol
BUSINESS
ITC expects demerged hotels entity to flourish, backed by parent's 40% stake
ITC’s 40 percent stake will help instill a strong brand value, resonating goodwill, and offer a sense of stability and security to all stakeholders and employees involved, the company said.
BUSINESS
ITC's hotel business demerger raises questions on capex funding
The restructuring will help the hospitality business to grow independently, allowing the group to optimize the hotel business, say analysts.
