Analysts anticipate a sluggish revenue growth in the third quarter of FY24 for the fast-moving consumer goods (FMCG) sector due to subdued volumes, despite the favorable impact of lower raw material prices on gross margins. The persisting demand challenges have led to restrained volume growth across FMCG products. Rural volumes lag behind urban figures, impacted […]
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
High-profile acquisitions, Apple’s foray and the blend of online and offline experiences redefine India’s retail landscape in 2023 As 2023 concluded, the retail landscape experienced substantial changes where high-profile acquisitions and divestments were seen reshaping the corporate landscape. With the arrival of tech giant Apple in India, the direct-to-consumer (D2C) platforms and brands embracing the […]
The Hershey Company appointed Luigi Mirri as general manager of India on January 1, 2024. Mirri served as the general manager of APAC, and now will expand his responsibilities to include India, the company said in a statement issued on Tuesday. He has spearheaded the expansion of the brand footprint in critical markets, such as […]
DMart, operated by Mumbai-based Avenue Supermarts, disclosed a standalone revenue of Rs 13,247.33 crore for the quarter ending 31 December 2023, marking a 17.19 per cent surge from the previous year’s Rs 11,304.58 crore. Comparatively, this revenue figure surpasses both the Rs 9,065.02 crore reported in the same quarter of 2021 and the Rs 7,432.69 […]
Hindustan Unilever, the FMCG manufacturer has announced that it has received Goods and Services Tax (GST) demands and penalties totalling Rs 447.5 crore from the authorities. The company has received a total of five orders passed from different zones of GST officials over issues such as disallowance of GST credit, salaries including allowances paid to […]
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 […]
