BUSINESS
Cycle of local players entering market almost over, says HUL's Rohit Jawa
HUL has taken price cuts in its laundry and skin cleansing portfolio due to moderating palm oil prices during the quarter. The result of which, HUL's homecare and personal care portfolio saw a -1 percent and flat revenue growth in the October-to-December quarter.
BUSINESS
FMCG companies and retailers double down on Ayodhya
Companies are ensuring that the temple town is well stocked before an anticipated surge in visitors in the days following the inauguration of the Ram Temple on January 22.
BUSINESS
Union Budget 2024: Retailers seek focused measures to boost consumption amid challenges
While retailers are hoping that the budget will simplify GST procedures for them, they also hope for measures to boost the rural economy through schemes that will put more money in the hands of households.
BUSINESS
Lok Sabha polls likely to bolster rural consumption demand amid languishing sales of consumer goods
Analysts point to the high probability of populist measures closer to polling election dates that could also lead to increased spending in rural markets.
BUSINESS
GCPL grapples with sales downturn: Argentina's peso devaluation takes toll on company's performance
The company said that the comprehensive measures undertaken by the Argentinian Government are forward-looking, contributing to long-term economic growth and consequently enhancing consumption.
BUSINESS
Godrej Interio aims for 42% revenue in 2024 from sustainable products
In a move towards sustainable business practices, Godrej Interio has set an ambitious target to elevate this proportion to a minimum of 50 percent by the year 2032.
BUSINESS
Stagnant FMCG volume growth in December quarter, say analysts
FMCG sector not expected to see significant volumes or price growth in the December quarter, but a few select companies may see double digit growth.
BUSINESS
Sugar shortfall sparks concerns for FMCG profit margins, prices
Analysts said companies may implement price hikes as a strategy to navigate the uncertainty around sugar prices. Another approach would be to optimise sugar usage or procure it at lower prices from overseas.
BUSINESS
GCPL launches Rs 515-cr manufacturing plant at TN investor meet
Inaugurated on the sidelines of the ongoing Global Investors Meet 2024, in Chennai, this plant is located in the Chengalpattu district near the state capital and aims to enhance delivery times, optimise inventory management, and reduce overall costs, the company said in a statement.
BUSINESS
Beauty, personal care products lead D2C sales in 2023, vitamin-C serum top pick
The three most ordered products in the beauty and personal care category were vitamin-C serums, night creams and hair-growth serums, GoKwik's network data report has said
BUSINESS
Jefferies anticipates rural recovery in 2024 despite challenges
India’s packaged consumer goods companies reported robust urban growth in the September quarter, marked by a consumer preference for premium products, while demand in rural markets remained subdued.
BUSINESS
Kalyan Jewellers wants to chart an independent course for ‘ Candere’ brand
The company plans to double the number of stores in the next two years to try and come close to Titan's scale, although a gap may still persist as Titan is adding 30-40 showrooms per year.
BUSINESS
Is the pizza losing its fan base in India?
As Indian consumers experiment with a variety of cuisines, the pizza, once a favourite, has begun to lose favour with consumers. Biryani is a hot favourite, as are burgers and fried chicken.
BUSINESS
India's retail sales rise 7%, fails to meet anticipated double-digit growth
The survey indicated a growth in high-value products, with jewellery businesses benefiting from higher gold prices and increased demand during the latter part of November due to the wedding season.
BUSINESS
ITC Infotech expands global footprint with wholly owned subsidiary in Saudi Arabia
ITC Arabia will focus on offering information technology services and solutions, reflecting the core objective of I3L to contribute to the digital transformation landscape in Saudi Arabia, the company has said
BUSINESS
Credo Brands eyes premium positioning of Mufti brand, sets IPO price band at Rs 266-280 per share
On December 13, the company fixed the price range of Rs 266-280 per share for its IPO, which is valued at Rs 550 crore
BUSINESS
Coca-Cola bottling arm and Gujarat government seal Rs 3,000 crore investment deal
This investment is anticipated to establish a significant industrial presence, promoting substantial economic and social development in the area.
BUSINESS
From Aloo Bhujia to French Fries, Bikaji's surprise success in Western snacks
While the company initially did not anticipate the western snacks segment to become a core category, the segment has demonstrated growth rates comparable to the ethnic segment.
BUSINESS
Hindustan Unilever appoints former revenue secretary Tarun Bajaj as an independent director
Beyond his roles in economic governance, Mr. Bajaj chaired the National Investment and Infrastructure Fund and served as a Director on the Central Board of the Reserve Bank of India and the Board of the Securities and Exchange Board of India (SEBI).
BUSINESS
HUL to partner Brookfield for Green Energy to meet Net Zero commitment
The solar project will be developed at the site of Brookfield’s solar park, part of the Brookfield Global Transition Fund. The initiative will utilize group captive models for renewable energy procurement
BUSINESS
FMCG giants ramp up ad budgets to drive volume growth and fight competition
The companies are focusing on the digital medium because it has greater and quicker reach. Most firms say they have seen gains in market share on account of their greater ad spends and promotions.
BUSINESS
HUL launches STEM fellowship to empower women in research
The inaugural HUL Women in STEM Fellowship was given to five women scientists from the Bengaluru-based Indian Institute of Science
BUSINESS
Food products in unhealthy category account for bulk of FMCG sales in India
A large section of our population is on a diet that is detrimental to their longer-term health.
BUSINESS
India's smartwatch market soars 21% YoY, domestic manufacturing hits all-time high
Fire-Boltt emerged as the market leader, capturing an impressive 28% share, closely trailed by Noise and boAt. The share of domestic manufacturing reached the highest ever at 82 percent compared to 4 percent a year ago, the report added
