@015 may be a good year for FMCG firms.
Ramdev's company remains a dominant player in the naturals space, but products of rivals are also gaining popularity.
There is much gloom about macroeconomic fundamentals. Yet consumer sentiment seems to contradict any sense that the India story is stuttering.
The new push is being driven primarily by over 170,000 villages where household income is over Rs 1 lakh a year.
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.
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
Burman did not file the details of foreign account on the ground that he did not have its statements.
The heat wave that began a few weeks ago as well as the prediction of a possible El Nino weather phenomenon this year has beverage and ice-cream makers hope for a 15-20 per cent growth in sales in May
The interested companies include Emami and Dabur.
During the said period, the Consumer Complaints Council of ASCI found 15 advertisers, including Reliance Communications and Idea Cellular, fast moving consumer goods player Dabur and Elder Pharma and coaching centre Career Launcher, violating the council's code.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
The case of phishing involves a senior manager with Dabur India Ltd, Sahibabad, who lost about Rs. 8 lakh in the fraud.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Cigarettes to hotel major ITC entered the consumer products business in 2007. In three years, it has managed to corner a two per cent market share.
Aviva tries a new tool with Sachin Tendulkar to grab a bigger share of the life insurance market.
These consistent performers are expected to maintain momentum.
Even as large fast moving consumer goods companies like Hindustan Unilever and ITC struggle with their volume growth, mid-tier FMCG companies like Godrej Consumer Products, Marico, Dabur and Nestle have reported strong spurts in volumes as they focus on inorganic growth and rural markets, according to industry experts.
Some of these items of consumption include ultraviolet disinfectants and sanitising boxes, free-finger touch devices, do-it-yourself grooming kits, self-cleaning water bottles, smart tiffin boxes, hand-sanitizer wearables, antiviral fabrics, tiles, flooring and mattresses, and anti-fogging glasses.
Marico's chief executive officer (Consumer Products Business) Saugata Gupta, too, affirmed that his company was being cautious in dealings with such retailers. FMCG companies work on tight credit cycles. On the other hand, modern trade retailers such as Aditya Birla Group's More, RPG's Spencer, Mukesh Ambani group's Reliance Fresh, Subhiksha and Vishal have been expanding aggressively over the last couple of years.
The global Indian company has hit gold in the Emirates of the Gulf.
Hindustan Unilever, GlaxoSmithkline Consumer Healthcare, Godrej Consumer Products, Dabur, Nestle and other FMCG companies are lining up initiatives to maximise returns from modern trade channels including hypermarkets and supermarkets.
Captain Devinder Singh Jass was to join his family in Ghaziabad for Holi celebrations, but fate willed otherwise, as he died fighting militants in north Kashmir.
Richa Gangopadhyaya on her Telugu debut directed by Sekhar Kammula.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Most companies reporting an improvement in operating margins in Q1 as they cut ad spends and other expenses.
ICICI Bank was the top loser after the private lender reported sharp drop in Q4 net.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
From fast food and athleisure to ACs, the demand for several non-discretionary items has spiked since May 17, when Lockdown 4.0 was extended till May 31.
Govt wants firms to remove suffixes & prefixes to original names of these drugs.
ITC wasted no time in capitalising on its new acquisition.
Footfalls will invariably come down to a trickle even after lockdown restrictions go away, and the only way to prevent someone else from poaching your consumer is to go down to the consumer herself. Consumers will prefer products and services to be delivered to their doorstep, hygienically and safely.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
This financial year will not be easy, mainly due to lack of pricing opportunities. Still, if volume growth remains robust, profit expansion will be good, says Dabur India CEO Sunil Duggal.
Amitabh Bachchan who was hospitalised after he suffered acute stomach pain on his 66th birthday on October 11 resumes to work after a month long leave.
To take the Rs 49,000 crore ITC to the top slot in the highly competitive FMCG business will require some aggression.
