HUL’s rural growth slipped to half of urban levels but its financials don’t seem any worse for that
Net Sales are expected to increase by 9 percent Y-o-Y (up 6.8 percent Q-o-Q) to Rs. 3,204.2 crore, according to ICICI Direct.
Net Sales are expected to increase by 7.2 percent Y-o-Y (down 9.1 percent Q-o-Q) to Rs. 1,968.7 crore, according to ICICI Direct.
Net Sales are expected to increase by 6.6 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 11,797 crore, according to ICICI Direct.
Net Sales are expected to increase by 6.7 percent Y-o-Y (down 2.5 percent Q-o-Q) to Rs. 9,856.4 crore, according to ICICI Direct.
Net Sales are expected to increase by 4.4 percent Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 2,218.9 crore, according to ICICI Direct.
Early company updates show that the consumer economy remains under stress but there’s a way out of slow growth
The near-term outlook for the sector looks bleak and a lot will depend on how consumers spend during the coming festive season.
It is also being speculated that Darshan Patel, CEO of the company, may step down and take a non-executive role.
High base means firms posted high volume growth rates in 2018
In line with other industry players, ITC has witnessed growth in their premium health and wellness products segment, but the lower-end was impacted due to a slowdown.
News of HUL cutting soap prices spooked the market but what it may lose on margins, it could gain in volume growth
Gillette and P&G Health are relatively better off since their sales are mostly in the urban and semi-urban areas.
Nielson data found that categories with a high contribution of small packs have seen decline in sales compared to last year.
Biscuit as a food product is price elastic and has a huge market penetration across the country, he said adding that the growth in sales of the company had halved in terms of value as a result of slowdown.
Nestle has managed to steer clear of a slowing market, with volume growth doing most of the heavy lifting on the sales growth front
The scare caused by truant rainfall in June has been made up to a considerable extent in July. If August also lends a shoulder, then farm output could get a major boost.
The country's top FMCG players are Hindustan Unilever Ltd (HUL), Nestle India, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami.
ITC’s sales growth may have been unimpressive but margins in cigarettes have improved and barring punitive taxes or policy actions it could sustain
The brand plans to focus on driving growth in southern states and Maharashtra to achieve breakeven this fiscal
Decline in rural consumption growth steeper than urban
Consumers in rural India go easy on buying staples such as atta, salt, cooking oils and household goods, says report.
The narrative of a FMCG slowdown may be true at the industry level but individual results show that some companies are not taking a slowdown for granted.