Reliance's acquisition of Future Group to strengthen its retail footprint: Moody's
Last week, RIL announced that it will acquire Future Enterprise Limited's (FEL) consumer business for a purchase consideration of around Rs 24,713 crore.
Kiranas in crisis, disruption tough to reverse, fears FMCG
Industry executives said small outlets are also feeling the pinch because distribu...
FMCG companies take direct route to customer homes
Consumer goods companies have started selling products directly to consumers.
FMCG companies lead in capital efficiency
The study was done in the context of a rapidly changing post-Covid world where capital efficiency has become increasingly important with companies such as Mahindra & Mahindra and Tata Steel refusing to support loss-making or poorly performing businesses.
Items dependent on imports to be in short supply in Delhi markets if lockdown continues: Panel
The panel said items of particular brands such as shampoos, moisturizers, biscuits, sanitizers and cigarettes are in short supply in the city markets. Some of the products of reputed companies may not be available on the shelves, resulting in an increase in sale of small and homemade brands, it said.
Processed foods body writes to Harsimrat Badal; asks for GST reduction ahead of meet
Industry body All India Food Processors Association (AIFPA) has written to Food Processing Minister Harsimrat Kaur Badal seeking reduction of Goods & Services Tax (GST) on instant food mixes, ready-to-eat cereals, snack foods, spices, and traditional and ethnic foods.
India Inc faces big shortage of workers
With workers in short supply, firms are going all out to hire people from nearby villages as well as far-off states, offering extra wages, bonus, food, transportation facilities and other support such as providing 15-day isolation facilities for entry into states that require mandatory quarantine.
Covid impact: Contract employees first in line of fire
Companies in finance, insurance, retail and FMCG squeeze out contract employees.
Why India needs to go vocal for local stores
Kiranas are not only the backbone of the supply chain management but also an essential part of our economy.
FMCG likely to grow 9-10% in 2020: Nielsen
Nielsen said the final tranche of Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) payments, improved ease of doing business ranking to 63 from 77, expectations of budget tax measures and a steady exchange rate contribute to a stable consumption outlook.
Grocery sales rise & fall with lockdown fears
Sales of fast moving consumer goods grew 79% during fourth week of March when the government first ordered a nationwide lockdown for 21 days, according to Kantar Worldpanel, a global consumer research firm owned by communications and advertising giant WPP.
People resorted to panic buying during announcement of lockdown or its extension
Fast moving consumer goods grew 79% during fourth week of March when the government first ordered a nationwide lockdown for 21 days.
Grocery ecommerce picking up for FMCG companies
Executives said the growth is not coming at the cost of neighbourhood stores or kiranas, which continue to grow, but that shopping patterns have shifted from modern trade to online, with newer categories and consumers.
Top multinationals from HUL to Apple brace for rising online sales post Covid-19
LG, Samsung, Vivo and Xiaomi are also rolling out hyperlocal sales platforms that will connect their offline stores to consumers searching products online so that the outlet nearest to the consumer can deliver the order, industry executives said.
FMCG sector to expand at 9% in FY20, growth to improve in FY21: Report
The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 per cent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 per cent in fiscal 2021, a report said on Tuesday.