Growth in FMCG sector has slumped in the past four quarters in a row since July-September 2018.
Emami director Mohan Goenka said despite continuing input cost pressure, EBIDTA margins expanded by 110 bps.
BPL will now sell through both Amazon and Flipkart who together control over 80% of online sales of consumer electronics in India.
The companies are saddled with stocks that they had built up expecting strong sales during the ICC World Cup that ended on July 14, the executives said.
The company said last year it had shifted focus to strengthen manufacturing and supply chain functions.
Sales of the cigarette segment increased to Rs 5,433.40 crore from Rs 5,127.59 crore.
Amazon approached Reliance as it wants a toehold in the country’s large brick-and-mortar chains for a long-term.
As per a recent report by Crisil Ratings, Indian readymade garment makers are expected to grow sales by around 10% in calendar year 2019.
Taurani said the increase in competition from entry of newer brands will benefit the category considering penetration is a mere 14-15%.
FMCG players banking on consumption turnaround during key season, based on revival in rural demand.
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