FIIs have offloaded shares of Bajaj Corp, Nestle, Jyothy Laboratories and Britannia.
FMCG players -- Dabur, HLL, PSU BPCL, Korean car maker Hyundai, liqour barron Vijay Malaya's Mcdowell and TVS motors -- are among the major companies found to violate Advertising Standards Council of India code.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With winter just around the corner, ayurvedic health product 'Chyawanprash' makers are loosening their purse strings to rope in Bollywood biggies to endorse their respective brands, with a specific sight on youth consumers.
Growth numbers for the large players in the sector, though, improved during the quarter.
Growth in cities has lagged villages as consumers troubled by persistently high inflation have cut spending in the past two years.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Investment push by the Modi govt and draw-down of UPA's welfare schemes to put pressure on demand.
A major reason for the high growth in advertising spends as these companies are keen on higher volume
The low-profile Dabur scion has become India's largest restaurateur.
Come May, the Deltin Royale, which boasts of the country's largest poker room, will play host to India's first Poker Sports League.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Zohnerism drives our daily consumption of news and shaping our understanding of most issues, warns Sandeep Goyal.
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
From paints to apparel and lifestyle majors, brewers, distillers and fragrance makers have stepped into the market, even as the frontline companies including FMCG players, pharma and healthcare majors were the first to seize the opportunity created by Covid-19.
A break-up of business shows that 75% of a firm's turnover is led by volume growth, while 25% is price-led. Companies such as Britannia, Nestl, Dabur, Marico, Kellogg, Parle Products, and Hindustan Unilever have increasingly focused on smaller packs of their key products, aimed at improving sales.
The most consistent wealth creators since 2008 are all consumer-facing companies, says Devangshu Datta.
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
The consumer goods segment faces an uphill task of retaining investor interest in the near future as valuations become expensive.
Milk booths by Amul and Mother Dairy, a Kumbh phone by Reliance Jio, Dabur's toothpaste dispensers are among the many initiatives by brands steadying for a stint on haloed ground.
A clinical all-round display helped Delhi Waveriders thrash Uttar Pradesh Wizards 3-0 and maintain their supremacy in the Hero Hockey India League, at the Dhyan Chand Astroturf Stadium in Lucknow.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Former Australian player and coach Ric Charlesworth was today roped in as coach of the Mumbai franchise for the upcoming Hockey India League starting next year.
Here's what your favourite celebrities have been up to.
Dabur Mumbai Magicians' chances of making it to the top four of the Hero Hockey India League suffered another blow as they went down 1-2 to Ranchi Rhinos in an away game at the Astroturf Stadium.
Data from market research agency Nielsen shows that 152 new players entered the hygiene market in March as the lockdown was implemented to contain the spread of the coronavirus disease. The trend is expected to continue, the agency says, as hygiene and health emerge as key themes.
The new packaging norms, which will kick in on November 1, will push up the product prices.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
HUL, ITC, Nestle, Colgate, Dabur, Britannia, Asian Paints, P&G are trading at nearly 48 times. The previous record high was 53 times at the end of March 1994.
While the company did not reveal its profit or loss for the period, according to its fillings, food and beverages was the largest category - accounting for 62.23 per cent or Rs 5,184 crore of its total sales.
An Indian born, US-educated, Australian citizen, Tejpavan Singh Gandhok has recently joined as the CEO of Om Pizzas (OMP), the master franchisee for Papa Johns Pizza in India, as well as Chillis, the Tex-Mex Restaurants. His appointment was announced with fresh investments from the existing investor in OMP - TVS Capital Fund.
Ramdev's company remains a dominant player in the naturals space, but products of rivals are also gaining popularity.
Both P R Sreejesh and P T Rao did not have the best of outings in the inaugural Hockey India League and national hockey team captain Sardar Singh feels goalkeeping is an area of concern for the hosts ahead of the Hockey World League 2 to be held here from February 18-26.
@015 may be a good year for FMCG firms.
The oralcare major has kept its ears firmly to the ground, pushing products into the hinterland and is holding fort in urban India with innovation for continued volume growth.
There is much gloom about macroeconomic fundamentals. Yet consumer sentiment seems to contradict any sense that the India story is stuttering.
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