RURAL DEMAND
FMCG sector expected to see 7-9 pc revenue growth in FY25, helped by a recovery in rural markets: Crisil FMCG sector revenue is projected to grow 7-9% this fiscal, driven by rural revival, urban demand, and rising disposable incomes. Crisil Ratings indicates premiumisation will boost margins by 50-75 basis points despite marketing expenses. Rabindra Ve...
04 Jul, 2024, 09.14 PM ISTIndia's FMCG sector to see revenue growth of 7-9 pc in fiscal 2024: CRISIL CRISIL forecasts 7-9% revenue growth for the FMCG sector in the current fiscal year, driven by increased volume and rural demand recovery. The report highlights stable product prices in personal care and home care, while food and beverages face mode...
04 Jul, 2024, 04.27 PM ISTFMCG 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 IST- ADVERTISEMENT
Government focus on agriculture, rural income to sustain tractor demand: Swaraj Engines The government's agricultural focus in India, along with initiatives to boost rural incomes, is expected to sustain tractor demand despite a 7 per cent industry sales decline reported by Swaraj Engines Ltd. The company's annual report highlights opp...
24 Jun, 2024, 05.12 PM ISTFMCG spends up 18% in two years due to inflation- Kantar Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the pr...
22 Jun, 2024, 01.24 AM 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 ISTLoan demand for rural homes, tractors may rise on govt push "We believe a likely surge in rural credit demand, higher affordability and government push toward financial inclusion with ease of regulations in the microfinance sector. A likely credit-linked subsidy scheme (CLSS) in the Pradhan Mantri Awas Yojan...
11 Jun, 2024, 12.22 AM ISTPM Modi shows rural bent, OKs ₹20kcr for PM Kisan Nidhi Scheme The Prime Minister approved the 17th instalment of the PM Kisan Nidhi Scheme, benefiting 93 million farmers with around ₹20,000 crore. This move is seen as a boost to rural demand and consumer stocks. The new coalition government is expected to focu...
10 Jun, 2024, 11.25 PM ISTModi 3.0: FMCG companies can cheer the new coalition government In a symbolic move, Prime Minister Narendra Modi's first action after being sworn in for a third term was releasing the 17th PM-KISAN installment, providing financial relief to 9.3 crore farmers. With a weaker mandate, the government is expected to ...
10 Jun, 2024, 04.52 PM ISTDemand under rural jobs scheme eases again in May Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from t...
07 Jun, 2024, 12.25 AM ISTRural demand theme blooms Investor money is shifting to defensive shares like FMCG, healthcare, and information technology following the lower-than-anticipated seats for the BJP in recent elections. Marico, Godrej Consumer, Nestle India, ITC, Britannia, HUL, and Dabur saw si...
06 Jun, 2024, 07.09 AM ISTIn Focus: Scrips that like a cloud on the horizon Companies such as Hindustan Unilever (HUL), Britannia, Dabur, Hero Motocorp, Westlife Foodworld, Shoppers Stop and others have already indicated in their commentary a gradual demand recovery if the monsoon forecast turns out to be accurate.
28 May, 2024, 06.41 AM ISTConsumption demand remained subdued in Q4, rural India recovered after several quarters: ITC FMCG major ITC notes subdued Q4 consumption but rural demand recovery. Q4 profit below estimates at Rs 5,190 crore; revenue up 2% to Rs 19,446.5 crore. Cigarette revenue rises 7.7%, FMCG (excluding cigarettes) up 7.2%, impacted by low priced Chinese...
23 May, 2024, 03.16 PM ISTUneven rainfall affected rural demand, says HUL chairman Nitin Paranjpe Hindustan Unilever (HUL) reported a strong performance in the last fiscal year despite challenges in the macroeconomic environment, including erratic rainfall affecting agricultural output and rural demand. Chairman Nitin Paranjpe noted a gradual de...
22 May, 2024, 10.31 PM ISTFMCG companies to see muted demand in June quarter, recovery likely in H2 Overall volumes, which indicate the number of products consumers bought, expanded 5.2% in the March quarter, unchanged from the three months to December. Sales volumes in rural markets climbed 5.8%, and in cities by 4.7%, from a year earlier, data f...
13 May, 2024, 12.02 AM 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 ISTDabur explains why rural demand for its brands is growing at a faster clip than urban FMCG giant Dabur has increased its rural footprint, driving demand for its brands by nearly 400 bps compared to urban areas. The company has increased investments in consumer activation in rural areas and launched newer affordable and rural-specific...
02 May, 2024, 03.42 PM ISTHUL, Tata Consumer and Nestle India's margins gain on premiumisation, cost cuts While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising co...
29 Apr, 2024, 10.17 AM ISTHUL expects improvement in FMCG demand with no price hike in short term "We expect FMCG demand to continue improving gradually. Forecast of above-normal monsoons and improving macroeconomic indicators augur well. We expect price growth to be a low single-digit decline in the first half of FY24," said Tiwari during earni...
24 Apr, 2024, 10.32 PM IST