FMCG’s Middle Order Plays Stellar Innings
With a strategy which seeks to close the gaps left by the big players, India’s mid-sized FMCG companies have found their sweet spot.
fmcg sector
March 2024
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Nestlé India Q4 profit up 4% to ₹656 cr amid external challenges
Nestlé India observes "uptick" in sales in "RUrban markets" despite challenging environment; declares interim dividend of ₹7 apiece amounting to ₹674.91 cr
Regional Brands Storm FMCG Fortress
Agile and proactive regional brands are giving large FMCG companies stiff competition.
Ravi Jaipuria most valuable in FMCG
FMCG sector has 13 dollar billionaires, led by Ravi Jaipuria of RJ Corp, followed by promoters of Asian Paints.
The Return of Brick and Mortar Retail
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
HUL Q1 profit up 8% to ₹2,472 cr; revenue surges 7%
HUL CEO Rohit Jawa says FMCG markets are recovering gradually, although the operating environment remains "challenging"
The Consumption Dilemma
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.
FMCG revenues to grow 7-9% in this and next fiscal: CRISIL
Volume growth, however, will be just 1-2% compared with 2.5% last fiscal, the ratings agency says.
FMCG hit by slow consumption in urban markets, de-growth in rural: Nielsen
The FMCG industry's overall volumes de-grew 2.6% in the quarter ended December 2021.
Budget 2022 unlikely to spur consumption in the short-term
Putting money in the hands of the consumers could have helped grow consumption, say experts.
