RURAL FMCG GROWTH DROPS
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.
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 ce...
Budget 2020 to fuel consumption: India Inc
The FM proposed that tax payers have the option to choose between the existing income tax regime a...
P&G India hit by monetary policy: CFO
“Slowing growth rates in India, largely as a result of some monetary policies, have created a bit of a liquidity squeeze, which is drying up inventory through the system,” Jon Moeller, chief financial officer, P&G, told investors on Thursday. “But we continue to grow well in India and build share.”
Only aggressive investors should bet on Voda; avoid Airtel too: Sudip Bandhopadhyay
Under the circumstances, pharma companies having a significant domestic presence such as Torrent Pharma, Natco Pharma, Sun Pharma are looking good at current levels and are worth picking, says Sudip Bandyopadhyay, Director, Inditrade Capital.
Decline in rural sales hits FMCG in 2019, revival likely by second half of 2020
In 2019, the FMCG industry witnessed slowdown in the rural sales, which was traditionally ahead of urban sales, and in the last two quarters it was half of the urban sales growth due to factors as liquidity crunch in those far flung markets and drop in gross domestic product (GDP) which had weakened household spending.
Expect good run-up in Trent, value buying in pharma: Harendra Kumar, Elara Capital
As a result of the coronavirus outbreak in China, there could be a supply shock coming into the durables segment in the next two months, says Harendra Kumar, MD, Elara Capital.
Britannia reduces stocks in trade to handle slump
The maker of Good Day and Marie biscuits, which competes aggressively with Parle, said it has reduced wastages in the system and tightened fixed costs. While share have been positive, growths are not what it has seen in the past.
ITC continues to work with a 'growth mindset' amid slowdown: Sanjiv Puri
Puri said having entered 12 new FMCG categories in last five years, ITC is now focussed on scaling up some of these categories rather than adding newer ones.
We are cautiously optimistic about FMCG growth this year: Nielsen's Prasun Basu
The country’s FMCG market is expected to stabilise and grow 9-10% in the Jan-Dec calendar year similar to the previous year, Nielsen said. Early signs of stability, macro economic policies, manufacturer action and consumer sentiment is expected to lead money in the hands of the consumer thereby fuelling consumption, the market research firm forecasted.
Consumption slump just a phase; neighbourhood shops hit hard: Mariwala
There is a need for the government to unleash both short-term and long-term reforms to reverse the slowdown, he said adding that there is no quick fix or set formula to fight the same.
High costs, low growth drag auto sales down
Sales of commercial vehicles fell 14% to 75,289 units in the past month, while two-wheeler sales declined 16%. Cost of vehicle ownership has risen sharply in the past few months with carmakers upgrading products to meet stricter emission and safety standards. This, coupled with an increase in insurance expenses, has hurt sales.
HUL Q3 results: Profit rises 12% to Rs 1,616 crore, volume growth at 5%
Sales for the quarter rose 3.62 per cent to Rs 9,696 crore from Rs 9,357 crore in the year-ago period.
Nestle India Q4 results preview: Profit may jump 25-33%, double digit sales growth likely
Commentary on recovery in trade channels and rural demand will be keenly watched.
FMCG companies tweak sales mix in slow market
To de-tangle growth from the grip of a slowdown, fast-moving consumer goods (FMCG) companies are redefining their product and marketing strategies, depending on their stage of evolution.
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