Apparel, FMCG cos urge SEBI to clear RIL-Future deal
Two industry associations representing apparel companies and distributors of fast-moving consumer goods (FMCG) companies have written to the Securities and Exchange Board of India (Sebi), urging the market regulator to review and approve Future Group's deal with Reliance Retail Ventures quickly.
Bharat helps Emami outshine FMCG peers
The stock has gained 15% since the beginning of January on hopes of a strong third quarter performance...
For FMCG firms, e-commerce is no longer an option. It's an imperative
In the fifth edition of its FMCG forecast, researcher Nielsen said e-co...
New products likely to lift Colgate fortunes
In FY20, its revenue growth was muted followed by a mere 1% growth in the first half of FY21. However, the trend may reverse since analysts expect a faster growth in future given the recent product launches.
ITC is best in class on ESG, says Jefferies
The brokerage has a buy rating on ITC with a target price of Rs 265.
Consumer products demand likely to grow in double digits in the next quarter
Demand for grocery, electronics, and auto products could see around 10 per cent rise in demand in the March quarter.
Nielsen expects 3% fall for FMCG, but companies disagree
Nielsen has lowered its earlier forecast of flat growth due to factors such as accelerating inflation and the first-quarter FY21 economic contraction. It had earlier predicted an expansion of 9-10% before the Covid-led lockdown had begun, which was later scaled down to an expansion of 5-6%, and subsequently to flat growth in July.
FMCG industry sees signs of recovery in Sept quarter: Nielsen
The growth witnessed in the fast-moving consumer goods (FMCG) sector was also a reflection of positivity witnessed in the overall macroeconomic scenario amid opening up of the economy and easing of lockdown restrictions.
HUL launches mental well-being initiatives for blue collar workforce
The company has extended Covid-19 insurance coverage to all its employees across factories and distribution centres.
Consumer sector companies report a faster sequential recovery in Q2
While analysts believe that the trend may sustain, some economists expect a more gradual pace of recovery in anticipation of abatement in pent-up demand and moderation in spending after the festive season.
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.
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.
Kiranas in crisis, disruption tough to reverse, fears FMCG
Industry executives said small outlets are also feeling the pinch because distributors are dealing in cash and not offering 7-21 days of credit as before. The industry fears these closures may further delay the recovery of the market.
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.
FMCG companies take direct route to customer homes
Consumer goods companies have started selling products directly to consumers.