Tata Consumer Products (TCPL) has reported a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, indicating a modest growth of 1.18 per cent compared to Rs 354.98 crore in the same quarter of the previous financial year. The group’s consolidated net profit stood at Rs 363.98 crore. The company reported […]
Nestle India on Thursday reported a 36 per cent increase in consolidated net profit to Rs 908 crore for the September quarter of the financial year 2024 (FY24) as compared to Rs 668.3 crore a year ago. The total revenue of the company stood at Rs 5,036 crore, climbing 9.6 per cent from Rs 4,591 […]
The three fast-moving consumer goods (FMCG) companies Hindustan Unilever (HUL), Nestle and ITC are (19 October 2023) announcing their July-September quarter results today, with analysts expecting mild revenue growth from HUL, robust low-teen-digit revenue growth from Nestle and ITC’s expects to report volume growth in the mid-single-digit range for its cigarette business HUL HUL is […]
Assisted by positive macro indicators, FMCG consumption is exhibiting year-on-year improvement, although the recovery has been gradual, according to Dabur India in its quarter updates. Factors such as a mild summer and a slightly deficient monsoon have impacted this quarter. The delayed festive season this year has postponed offtake related to festivals, which will carry […]
Adani Wilmar reported robust double-digit volume growth, driven by strong performance in the Food and Fast Moving Consumer Goods (FMCG) sectors, according to its quarterly business update. However, the edible oil segment faced challenges in the second quarter of FY24. The company achieved a standalone volume growth of 11 per cent in the quarter. The […]
Godrej Consumer Products has reported mid-single-digit volume growth in the domestic market for the July-September quarter, despite challenging macros and adverse weather conditions. In a quarterly update on Thursday, the company stated, “Overall, Home Care volumes grew in mid-single digit while Personal Care grew in low-single digit.” The performance of the Park Avenue and KamaSutra […]
Dabur, a well-known home-grown Fast-Moving Consumer Goods ( FMCG) company, is set to scale up its digestive brand, Hajmola and mosquito repellent brand, Odomos, as the power brands, CEO Mohit Malhotra said in the investor meet last week. Currently, Dabur’s FMCG portfolio includes nine distinct power brands, with eight in India and one in overseas […]
The government has reduced the permissible wheat stock for traders, wholesalers and large-scale retailers to 2,000 tonnes from 3,000 tonnes, with immediate effect. The move aims to curb the rise in prices, according to Sanjeev Chopra, Secretary of Food and Public Distribution. However, Processors can maintain the same quantity of stock as earlier. Chopra emphasised […]
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
India’s organised retail sector, accounting for approximately 12 per cent of total fast-moving consumer goods (FMCG) sales, witnessed its highest growth in six quarters, recording a year-on-year surge of 21.1 per cent during the April-June period, as per NielsenIQ data. This growth was fueled by a stable urban demand environment. NielsenIQ, the data insights and […]
