FMCG Sector Gears Up For Price Increase In Q1FY27: Report
Report states that the companies are expected to increase prices by atleast 3 to 4 per cent in Q1FY27 in case the current inflation in raw materials persists
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FMCG
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India’s CPG Sector Beats Global Trend With Balanced Growth Despite Inflation
- by BW Retail World Bureau
- February 16, 2024
India’s consumer packaged goods (CPG) sector experienced well-balanced growth in 2023, witnessing an increase in retail sales value coupled with volume gains, according to a report by Bain & Company. The report highlighted a global trend where 75 per cent of growth was attributed to price increases in 2023, yet India stood out as one […]
Brands
Companies
Finance
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Hershey, Cadbury Brace For More Price Hikes As Cocoa Costs Rise
- by BW Retail World Bureau
- February 16, 2024
The producers of chocolate brands, Hershey and Cadbury, are contemplating further price adjustments to counteract an unprecedented surge in cocoa prices. Despite facing challenges such as reduced consumer purchases and potential impacts on profits due to inflation, these chocolate makers have consistently passed on the escalating costs to their customers. Over the past year, cocoa […]
Brands
Companies
Finance
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Goodyear India’s Profit Slips As Farm Demand Tanks
- by BW Retail World Bureau
- February 3, 2024
Tyremaker Goodyear India reported its first quarterly profit drop in five quarters on Friday, hurt by subdued demand in its farm segment. The Indian unit of US-based Goodyear Tyre said its standalone profit fell 10.5 per cent to Rs 21.86 crore in the third quarter. Revenue from operations fell 14.2 per cent to Rs 591 […]
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Price Hikes Hit Mondelez: Sales Up, Volumes Down As Consumers Cut Back
- by BW Retail World Bureau
- February 2, 2024
Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]
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International
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Retail
Carrefour Slashes PepsiCo From Shelves Over Price Hikes
- by BW Retail World Bureau
- January 6, 2024
Carrefour, a global supermarket chain with a significant presence in more than 30 countries, has decided to stop selling several PepsiCo products in France, Italy, Spain and Belgium. According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as […]
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Food & Beverage.
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PepsiCo To Raise Prices Despite Concerns Over Consumer Demand
- by BW Retail World Bureau
- October 12, 2023
PepsiCo Inc (PEP.O) said on Tuesday its intention to implement “modest” price increases next year, despite several prior hikes. The snacks and beverages giant, home to brands like Mirinda and Gatorade, raised its 2023 profit forecast for the third consecutive time as demand remained resilient. PepsiCo’s move amidst growing concerns that frequent price hikes could […]
Food
International
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Weaker Yen To Push Up Import Prices In Japan, Leading To Food Price Hikes
- by BW Retail World Bureau
- July 24, 2023
According to a credit research company, Japan will see a price hike on 30,009 food and beverage products by October as the country’s currency Yen weakens as well as weaker Yen pushing up import prices, Kyodo News Agency reported. Adding that, the company also cited another reason to be a surge in electricity and labour […]
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Israeli Soft Drink Companies Ordered To Reverse Price Hikes
- by BW Retail World Bureau
- June 23, 2023
The Authority for Consumer Protection and Fair Trade announced Thursday its intention to issue an administrative order to stop violations of monopolistic practices that it charged Israel’s three major soft drink companies to engage in. The companies are the Central Company for the Production of Soft Drinks, Tempo Beverages, and Yapaura-Taburi. The Authority ordered the […]