India’s FMCG sector is expecting double-digit volume-led growth on diverse catalysts in the year 2024 after struggling with challenges in the year 2023, the news agency PTI reported. Weaker festive demand, rainfall deficit, unseasonal rains and high commodity prices made the year difficult. Marico MD and CEO Saugata Gupta expects the demand situation to improve […]
The manufacturing sector growth in the country could reach USD 1 trillion by 2025-26 and Gujarat is expected to play a significant role in achieving this milestone, according to a report by Colliers India. According to its study, Gujarat achieved the highest investment in the manufacturing sector in the year 2023 and it is the […]
ITC, a conglomerate spanning hotels to consumer goods on Tuesday disclosed that its packaged consumer goods division experienced a robust 14 per cent Compound Annual Growth Rate (CAGR) in revenues over the last three years, concurrently introducing 300 new products. In the fiscal year 2022-23, this segment, encompassing brands like Aashirvaad, Sunfeast, Fiama and Engage, […]
Hindustan Unilever (HUL) has unveiled plans to restructure its beauty and personal care business, dividing it into two distinct divisions, to intensify focus on these high-growth segments amidst mounting competition from emerging brands. The consumer goods giant announced this strategic move in an exchange filing on Friday, stating that the split into dedicated ‘beauty and […]
Rajkot based firm Gopal Snacks has filed preliminary documents with market regulator Securities and Exchange Board of India (SEBI) to raise Rs 650 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP) issued on Tuesday, the issue is completely an offer-for-sale (OFS) of equity shares. OFS includes shares by […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
This Diwali, almost every sector reported better sales compared to the previous year, especially in the gifting sector. However, according to a recent survey by Almonds AI reveals that 73 per cent of the people were not satisfied with their Diwali gift. The study included a survey of more than 800 channel partners across India […]
Dabur, an FMCG and ayurvedic products maker is planning to set up a new factory in South India in less than a year’s time, as its business scales in the region, according to the news agency PTI. Dabur, having reported a significant increase in its domestic sales from South India contributing 20 per cent of […]
FMCG major Marico anticipates a rebound in revenue growth in the second half of the fiscal year, with expectations of improving rural demand, according to Managing Director and CEO Saugata Gupta. The company has adjusted prices following a softening of inflation in the domestic market over the last two quarters, impacting revenue growth but aiding […]
Procter & Gamble Hygiene and Health Care reported a surge of 36.44 per cent in its net profit at Rs 210.69 crore for the first quarter ending in September, compared to the same quarter last year. The company, which follows the July-June financial year, had reported a profit after tax of Rs 154.41 crore in […]
