CONSUMER COMPANIES
Future group's FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end Future Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 crore as of June 2024. This includes Rs 284.81 crore towards bank loans and revolving facilities, and Rs 164.2...
06 Jul, 2024, 07.21 PM ISTIndian consumer goods makers say Q1 sales growth picks up as demand improves Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country.
05 Jul, 2024, 07.06 PM ISTRs 417.9-crore block deals in Godrej companies Three trusts belonging to the Godrej Enterprises Group (GEG) - BNG Successor Trust, HNG Family Trust, and SNG Successor Trust - sold shares worth ₹101.84 crore, ₹136.7 crore, and ₹179.35 crore, respectively.
05 Jul, 2024, 07.38 AM IST
FMCG Q1 check: Some hot, some not Scorching summer heat and elections created a mixed quarter for consumer goods, with sales of cooling products like beverages, ice creams, talcum powder, and sunscreens rising up to 15 per cent amidst the heatwave. However, impulse snacks and single...
03 Jul, 2024, 11.04 AM ISTConsumer spending on ITCs' goods rises 12 pc to Rs 32,500 crore in FY24 ITC, headquartered in Kolkata, remains optimistic about expanding its FMCG business with a strong portfolio and efficient supply chain, generating a gross revenue of Rs 69,446 crore in FY24.
28 Jun, 2024, 09.13 PM ISTReliance Retail's FMCG plans stay in fast lane with funds on tap RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will b...
28 Jun, 2024, 12.00 AM ISTRise in value-seeking customers, key FMCG sectors face tampering of growth: Report The report highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good perfor...
25 Jun, 2024, 09.12 PM ISTMom & pop stores vs new kids: India's ubiquitous kirana stores have a new rival Tech-enabled players running self-service outlets like Frendy, SuperK, and Kirana King are challenging traditional kirana stores post-Covid. These modern trade stores have digital apps for orders and sourcing, contributing 4% to FMCG sales and up to...
20 Jun, 2024, 12.28 PM ISTAs Indians acquire healthier tastes, food companies pack it in Indians are increasingly shifting towards consumption of low-salt, low-sugar, and nutrition-fortified packaged food, reflecting a growing trend towards healthy eating habits. Sales of such products have risen in the last five years, with urban India...
16 Jun, 2024, 05.30 AM ISTTata Consumer Products aspires to be a full-fledged FMCG Co, to double capex to Rs 785 cr in FY25: N Chandrasekaran Tata Consumer Products Ltd plans to diversify and expand into new FMCG categories, doubling capex to Rs 785 crore for FY25 with a focus on a new plant in Vietnam. Chairman N Chandrasekaran emphasized growth through acquisitions, particularly in heal...
13 Jun, 2024, 06.28 PM ISTIndia's consumer market represents long-term structural opportunity: N Chandrasekaran Tata Consumer Products Ltd Chairman N Chandrasekaran highlighted India's consumer market as a long-term structural opportunity, driven by factors like population, a growing middle class, rapid urbanisation, increasing disposable incomes, and rising ...
13 Jun, 2024, 05.57 PM ISTGreen shoots seen in rural demand: Wipro Consumer CEO Vineet Agrawal, CEO of Wipro Consumer Care and Lighting, noted positive signs of growth in rural demand and anticipates a recovery in the hinterland by September, supported by favorable monsoon conditions and a successful harvest. Furthermore, he su...
12 Jun, 2024, 07.08 AM ISTWhite goods, FMCG imports failing to get custom-fit tag White goods, chemicals, pharmaceuticals, and FMCG companies face import delays or higher duties as customs authorities scrutinize third-party invoicing at various ports. This practice, used for tax optimization, allows invoicing through a country di...
08 Jun, 2024, 05.30 AM ISTFY24 milestone year for Tata Consumer Products: N Chandrasekaran Tata Consumer Products, led by N. Chandrasekaran, highlights a milestone year in its 2023-24 annual report. Completing the amalgamation of Tata Coffee, integrating brands like Tata Soulfull and NourishCo, and acquisitions like Capital Foods and Orga...
23 May, 2024, 12.04 PM ISTShare of quick commerce in online FMCG sales rockets to 35% in FY24 Quick commerce drove overall ecommerce for these companies as well as the broader fast moving consumer goods (FMCG) industry, company executives said.
15 May, 2024, 11.15 PM ISTFMCG companies expect volume growth in FY25 with improvement in revenue The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24.
12 May, 2024, 05.21 PM ISTFMCG, auto companies break the jinx as rural growth rises above urban Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.
08 May, 2024, 09.27 AM ISTRural FMCG sales outgrew urban for the first time in 5 quarters in Q1: NielsenIQ In the January-March ’24 quarter, rural markets surpassed urban consumption for packaged consumer goods for the first time in five quarters, with rural growth at 7.6% while urban demand declined by 5.7%. Overall FMCG sector value grew by 6.6% driven...
07 May, 2024, 12.14 PM ISTFMCG companies: Buyers aware, sellers beware FMCG companies face quality issues and regulatory actions, risking consumer trust. Nestle India, Patnajali, Bournvita controversy, and Hindustan Unilever rebrand amidst inflation challenges and omni-channel adoption. While stock meltdown and regulat...
27 Apr, 2024, 08.05 PM ISTSugar & chemicals in food: FMCGs' biggest risk is not inflation but what they mix in what we eat Product safety concerns in India pose risks for the FMCG industry, impacting companies like Nestle India. Regulatory scrutiny challenges health claims, affecting consumer trust. Social media influencers influence companies' actions, while the spices...
22 Apr, 2024, 08.54 AM IST