Even though Maggi is on an improving trajectory and market share seems to be stabilising in the mid to high 60s, Citi has cut forecasts in 2016 by 3 percent/ 9 percent / 9 percent respectively.
Country's seven leading FMCG companies have fared better than their multinational peers in terms of revenue growth in India during 2015-16 fiscal, says a report.
Sanjay Manyal of ICICI Direct is positive on stocks of HUL and expects a volume growth of over 5 percent. Rural growth is expected to come due to good monsoon.
Domestic volume growth stood at 4.5 percent in Q2 compared to 4.1 percent on quarterly basis and 5 percent (YoY).
Surprisingly, its cigarette revenue grew 7 percent in Q2 at Rs 8528 crore against Rs 7963 crore year-on-year. In Q2, EBITDA grew 7.3 percent at Rs 3630 crore against Rs 3383 crore while margins were almost flat at 26.7 percent against 26.8 percent (YoY).
Cigarette-hotel-to-FMCG major ITC is expected to show good performance in quarterly earnings on Tuesday as profit is likely to increase 10 percent year-on-year to Rs 2,673 crore with likely cigarette volume growth of 3-4 percent in Q2.
Sarwate will work closely with founders and senior leadership team of FCL in building a robust institutional framework for the FMCG arm, Future Group said in a statement.
The FMCG sectors looks very promising but is it indeed. To know what is the scene at the ground level and if there is still value in the space, CNBC-TV18's Sumaira Abidi spoke to VK Sharma of HDFC Securities, G Chokkalingam of Equinomics Research & Advisory and Gautam Benjamin of ICICI Securities.
Mihir Vora, Director And Chief Investment Officer at Max Life Insurance expects a 10-15 percent compounded growth from the market over the next two years. He says the market has delivered a little more than the economy till now. It is high time the economy delivers too.
Abneesh Roy of Edelweiss Securities expects the rate for home, personal care and paints to be around 18 percent. More clarity is needed on GST rates before any clarity is needed.
Harsh Mariwala, CMD, Kaya says 22 percent is an effectiver GST rate for fast moving consumer goods (FMCG) companies. He also says that any sin tax below 40 percent will be beneficial for the industry.
The long-delayed tax, which would transform Asia's third-largest economy into a single market for the first time, should boost revenues through better compliance while making life simpler for businesses that now pay a host of federal and state levies.
For the FMCG sector rural demand is yet to pick up and a lackluster volume growth is expected in this space this quarter, says Anand Mour, FMCG Analyst at ICICI Securities.
"Unilever is pleased to confirm that the supply situation with Tesco in the UK and Ireland has now been successfully resolved," Unilever said.
In an interview with CNBC-TV18, Venugopal Malu, VP Projects at Malu Paper Mills said that the paper industry is in the phase of re-rating and is seeing a paradigm shift in packaging demand due to change in technology.
E-commerce players like Amazon, Flipkart and Snapdeal have been offering big discounts on FMCG products.
Ashwani Gujral of ashwanigujral.com recommends buying HUL and J Kumar Infra and advises selling Jet Airways, Ambuja Cements and NTPC.
In a separate filing, Colgate Palmolive said it has signed the Memorandum of Understanding for sale/transfer of Industrial Land & Building located at Waluj, MIDC, Aurangabad on 'as is basis' to undisclosed buyer for an undisclosed sum.
Amazon.in's festive sale started from October 1 and is slated to close today. Its rivals, Flipkart and Snapdeal, which started rolling out festive offers from October 2, will end their sale today.
Irrespective of RBI's decision on interest rates on Tuesday, effective interest rates will fall over the next few months, Nandan Chakraborty, Managing Director, Institutional Equity Research, Axis Capital said. There could be a slight de-rating but index will have an upside of 15 percent on an average, he added.
The head of ITC's food division VL rajesh has nothing but praise for Patanjali. In an interview with CNBC-TV18 he said he is amazed at how Patanjali has managed to carve a niche for itself in the crowded FMCG market.
"India is the fastest growing paper market globally, growing at over 7 per cent and projected to grow at over 4 per cent per annum till 2030 to 27 million tonnes by 2030.
Wipro Singapore Pte Ltd, part of Wipro Consumer Care and Lighting, today said it will acquire 100 percent stake in Zhongshan Ma Er Daily Products, a Chinese FMCG firm, in an all-cash deal.
Sanjiv Bhasin, Executive VP-Mkts & Corporate Affairs, IIFL is very upbeat on consumption and banks as themes going forward.
E-commerce major Snapdeal today said it will flag off the festive season with its 'Unbox Diwali Sale' from October 2, the same day when its larger rival Flipkart will begin its own festive offers.