Illicit trade at ₹7.97-lakh cr in FMCG, textile, alcohol, tobacco sectors: FICCI
The problem is severe in the textiles and apparel business where the illicit market size could be ₹4,03,915 crore, over 50% of India's illicit trade in these sectors
fmcg industry
September 2024
August 2024
July 2024
Honasa Consumer shares slide 6% amid block deal; Peak XV Partners, Sequoia Capital likely sellers
Peak XV Partners and Sequoia Capital held 18.69% and 4.35% shares, respectively, in the Mamaearth parent as of June 30, 2024.
New FMCG Billionaires Pack A Punch
Homegrown brands take to diversification, digitisation to clock impressive numbers.
Ravi Jaipuria Most Valuable In FMCG
The sector has a total of 20 dollar billionaires, with the top 5 accounting for 52.69% of sectoral wealth.
Where The Wealth Is
Diversified remains the largest contributor to the wealth of India’s richest in 2024, accounting for 36.1% of total wealth.
Monsoon-driven rural demand surge set to ignite private investment: RBI
The RBI says rural savings are on the rise, as evidenced by an increase in both savings accounts and balances; rising rural incomes also fuelling growth in FMCGs
Marico shares jump 3% as biz operations resume in Bangladesh
Marico, which generates 44% of its international revenue from Bangladesh, says the medium-term prospects of business in the neighbouring country remain intact.
Godrej Consumer shares snap 3-day gain; fall 4.5% post Q1
Post Q1, most brokerages retained ‘Buy’ calls on Godrej Consumer Products, giving the target price in the range of ₹1,580-1,715 per share.
Godrej Consumer profit surges 41% despite revenue dip
GCPL also declared an interim dividend of ₹5 per share of Re 1 face value for this financial year, with the record date set at August 16.
Tata Consumer Products shares drop 2% post Q1; here’s why
The FMCG major reported a 8.5% YoY decline in consolidated net profit at ₹290 cr in Q1 FY25, as strong summer in India reduced consumption of beverages.
