FMCG News

Despite the weakness in urban consumption, companies remain optimistic about a recovery in the coming quarters. Most managements expect a pickup in volume growth within the next 1–2 quarters. 

Looking ahead, all eyes will be on the outcome of the RBI’s Monetary Policy Committee (MPC) meeting scheduled for June 6.  

With an illustrious career spanning over 45 years, he has carved a niche for himself as a dynamic business leader, a global FMCG distributor, a visionary in real estate, and a dedicated philanthropist. 

Populist measures expected by some states which are going to face elections this year are also expected to drive up rural demand, the report added.

India's economic activity continued to expand in April, driven by strength in both the services and manufacturing sectors. 

Flipkart to roll out a quick delivery venture soon. The reports say the new venture will be unveiled in 6-8 weeks. In the initial phase, the service will be provided in major cities.

Till July 21, FPIs have invested Rs 43,804 crore in India. This figure includes investment through stock exchanges, primary markets, and bulk deals.

Last year, Unilever had said the United States, India and China were three of its key growth markets, underlining plans to grow in India amid rising use of the internet in the country and the economy's expansion.

The rural markets declined 2.8 per cent registering the sixth consecutive quarter with negative volume growth, while the urban market maintained stable positive growth of 1.6 per cent. 

Wipro to enter into the packaged food and spice segment. Company acquires Nirapara, known for its blended spices. The brand leads in producing a large variety of spice mixes, and rice powder used in making 'appam', 'idiyappam',etc.

LEED certification validates the group’s commitment on strategic integration of sustainability into the organizational Systems and Processes to anticipate and understand long-term trends and the effect of resources use

The Fast-moving consumer goods (FMCG) distributors are seeking a level playing field from manufactures. Distributors are in protest over the price disparities between the traditional trade and business-to-business retailers. AICPDF is in talks with several FMCG makers over the issue.

Barring Nifty FMCG, all other sectoral indices are trading in the red with metals, PSU Banks, financial services, auto and realty indices dragging the most. HUL was the biggest gainer in early hours of trade on Nifty50. Other stocks like ONGC, ITC, HCL were the other better performers.

Based on the data one could sum up that although due to the closure of cinema halls during the COVID Pandemic Bollywood stars could not be seen on the big, however their screen time was not compromised nevertheless –thanks to TV commercials.

In 4Q FY21, cigarette volumes were back to pre-COVID levels. BNP Paribas said in a note that ITC declared a total dividend of Rs 10.75/share in FY21. FMCG division had a strong year with 16 per cent sales growth.

RBI expects the global crude oil prices to remain volatile in the near term. CPI-based food inflation surged following a nationwide lockdown last year. Retail price increase in the post-lockdown period was much higher than the usual summer uptick in food prices.

There is a renewed focus on healthy alternatives. Value packs are doing well this time as smaller packs. Some retailers are also facing the issue of excess stocking.

Villages have also barred the entry of outsiders until the situation gets normal. However, there’s no scientific relation between the spread of Covid-19 and soft drinks/ ice creams. In many villages, shops are only open from 7 Am to 9 PM.

The film headlined by Kiara Advani marks the inception and rise of an FMCG conglomerate. Presented under the banner of Ashutosh Gowariker Productions, the film is produced by Sunita Gowariker.

Goyal said that those investing in India, should not just look at assembling the Semi-knocked down kits or availing import duty concessions, but must bring technologies, best practices and do value-addition "Our government will stand shoulder-to-shoulder with industries in their efforts to become more competitive and engage with the world on equal and fair terms" He invited the Indian industry to walk together, support each other, and work towards a prosperous India in the long run and a better future for the generations to come