
Anil Gupta of Havells richest among consumer cos
Anil Rai Gupta of Havells India leads the consumer goods category.
Anil Rai Gupta of Havells India leads the consumer goods category.
The FMCG arm of Bajaj Group has declared a final dividend of 500% aggregating to ₹5 per share, on equity shares of the face value of ₹1 each for FY23.
Earlier this month, Godrej Consumer announced an investment of ₹100 crore in Early Spring, a new early-stage fund being set up by Spring Marketing Capital.
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
Vivek Gambhir, MD and CEO of Godrej Consumer Products, says despite a short-term spike in demand, the sector isn’t immune to a broader slowdown.
With consumers resorting to panic buying, FMCG companies will likely see an uptick in volume in March, but retail shelves have started emptying out in many areas.
FCL will leverage the Dubai-based retail major’s reach to export and distribute their core brands across categories.
The industry registered a healthy 13.8% growth in 2018.
During this period, India will also lift nearly 25 million households out of poverty.
Technology will be a key business enabler for consumer-facing businesses in India