FMCG majors cut prices 2-20% to shore up growth
FMCG companies were on a price-hike spree for the past two years. But the change in tactic is because there is a clear softening of rural demand, a big driver for FMCG revenues at 65-70%.
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Entrepreneurs, not govt, will contribute to $5 trillion eco: Harsh Mariwala
The Marico founder expects entrepreneurship to have a multiplier impact on the economy in the next 10 years
Govt asks FMCG companies to cut edible oil prices; here’s how stocks react
Shares of Adani Wilmar surged as much as 2.7%, while Ruchi Soya share price gained 1.3% following the government’s directives to cut cooking oil prices by up to ₹10 per litre.
Sensex, Nifty to open flat; Adani Power, Biocon, YES Bank, NTPC, Marico shares eyed
The Sensex and the Nifty are set to open flat on Wednesday as mixed cues from global peers overshadowed a sharp fall in crude prices overnight.
Marico acquires 53.98% stake in D2C brand True Elements
Marico buys 53.98% equity stake in direct-to-consumer brand True Elements through primary infusion and secondary buyouts.
"The unit economics of food brands doesn't work in the D2C space"
Marico MD & CEO Saugata Gupta says that barring Licious, most digital foods brands have had to explore brick-and-mortar.
FMCG majors need high velocity innovation in D2C: Marico
Saugata Gupta, MD & CEO, Marico, believes that though D2C brands are a must-have, they need to be looked at through a totally different lens.
Sensex, Nifty to open higher ahead of economic survey; Tata Motors, L&T, NTPC, Marico in focus
The BSE Sensex and the NSE Nifty are expected to open higher on Monday, following positive cues from global peers and firm trends on SGX Nifty.
Nykaa’s Falguni now richer than Havells, Marico, Eicher and Biocon owners
FSN E-Commerce breaks into top 100 mcap club with a valuation of $14 billion.
Hybrid workplace, flexible policies: India Inc.’s new mantra
88% of business leaders have hired specialists and consultants to help design new workplace policies: LinkedIn report
