The ministry also already sent notices to quick commerce and e-commerce companies. Companies are required to specify the use-by date for products meant for human consumption and mandates e-commerce entities to declare this information for all pre-packaged commodities sold on their websites.
FMCG majors, including HUL, ITC, Dabur, Britannia, Nestle and Emami, in their June quarter earnings have reported 'green shoots' from the rural markets and strong growth from e-commerce channels, particularly from quick-commerce platforms.
Major panic sell-off or crisis is not indicated in the coming week.
Will the upcoming budget have a greater focus on the rural sector which in turn could boost rural incomes and thus have a ripple effect that can trickle down to the FMCG sector, industry and analysts tracking the sector are hopeful. The key beneficiaries of increased rural demand are expected to be blue-chip large-cap consumer staples players such as Dabur India, Hindustan Unilever, Nestle India or Godrej Consumer. Here’s a list of expectations that the FMCG would want to hear from FM Nirmala Sitharaman
The data, focusing on Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, and Telangana, indicated a substantial uptick in purchasing activity, with the total number of shopping trips nearly doubling in 2023 compared to 2022.
In the international market, the Indian FMCG companies also expect mid-single-digit growth based on constant currency.
Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement.
Market expert Aishvarya Dadheech says small-cap valuations are more attractive than large-caps and mid-caps, and suggests capital goods, auto & auto ancillaries, and FMCG as key themes to invest in
The issue price is set at Rs 65. Issue subscription for the Initial Public Offer (IPO) opens on June 23 and the bidding process will end on June 27.
Despite the upcoming headwinds for the sector, BNP Paribas is constructive on Britannia Industries, ITC and Emami, as it sees the high-revenue trend returning with improving margin comfort in the FMCG space
Currently, with increased adoption of digital infrastructure and greater use of smartphones, the direct to consumer market has picked up in a big way with more than 1.35 billion potential customers across regions.
That the worst of raw material inflation is behind them was known, but a global slowdown and a related dip in commodity prices may bring more good news
Rural markets are likely to recover on the back of normal monsoon and higher MSP
ITC has surged over 20% so far in 2022, while Hindustan Unilever has dropped 8%. Analysts say a slowdown in rural consumption and higher raw material prices will affect the consumer goods company’s profitability.
Average corn prices in Q4FY22 are 12.5 percent higher QoQ. Prices of crude palm oil have increased 12.1 percent MoM and by 12.3 percent QoQ while prices of soya bean are up 13 percent QoQ.
Almost 60 per cent of the companies - 36 out of 62 - in the S&P BSE FMCG index hit a fresh 52-week high in June, including names like HUL, United Breweries, Marico, Vadilal Industries, Tata Coffee, Venky's and Dalmia Bharat, among others; Unlock 2.0 sparks off huge sales
Over half of the increase in the FMCG industry’s sales in the March quarter has been contributed by rural markets
In the past one month, the FMCG sector index has underperformed the broad market. What gives?
Nielsen’s data shows how sales in urban markets are flagging, posing a risk for earnings growth. But there’s a joker in the pack
While ITC's paperboard business witnessed a ramp-up in the utilisation of its recently-commissioned facilities, the hotels business posted seasonal uptick.
The FMCG sector is likely to report 11-12 per cent rise in revenue in fiscal 2019, up 300-400 basis points from 8 per cent in fiscal 2018, driven by revival in rural demand and new product launches, domestic rating agency Crisil said in a report today.
While Q1 2018 was impacted by severe destocking in the trade channel due to GST, Q2 2018 witnessed a sharp recovery partly led by restocking and festive season demand recovery. Average volume growth in Q2 2018 has been 6.2 percent YoY (vs. -6.3 percent in Q1 2018) led by Emami, Godrej consumers, Marico and Dabur.
TV ad spends growth could be muted at 10 per cent this calendar year (CY) as against 14-19 per cent growth over the past 3-4 years, largely dragged down by weak volume growth of the FMCG sector, according to domestic brokerage firm Kotak Institutional Equities.
Bharti Enterprises Vice-Chairman Rakesh Bharti Mittal said the Bharti Group has pumped in about Rs 30,000 crore in the state so far.
While the FMCG sector has had a mixed bag of earnings in the second quarter ended September 30, 2016, an analyst says the second half of FY17 is likely to be a good one for players in the sector.