The supply chain for fast-moving consumer goods (FMCG) companies is seeing congestion due to persistently low demand. This has led to an increase in inventory days, with stocks accumulating at distributors and compelling them to extend higher credit periods to retailers. Distributors, Business Standard spoke to, revealed that demand inventory days have more than doubled in some cases, forcing them to offer credit terms as long as 45 days to retailers, as consumer offtake continues to face pressure.
The tournament will conclude on June 26.
Sukanya Verma recaps all those events from 25 years ago.
Demand for fast-moving consumer goods (FMCG) fell in April owing to lower stocking by kiranas, according to the data from Bizom. Kiranas stocked lower quantities in April as they resorted to heavy stocking in March. Sales in value terms were down 8.4 per cent in the month as against the same period last year while on a month-on-month basis, they declined 17 per cent.
Irregular rainfall and a pick-up in commodity costs are expected to weigh on the demand and margins of fast-moving consumer goods (FMCG) companies. Most companies reported a sharp expansion in gross margins in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24), given the lower prices of key raw materials and earlier price hikes. Furthermore, there were expectations that cost savings being passed on could reflect in volume growth going forward. However, these hopes could be dashed if demand recovery, especially in the rural segment, stalls, and gains on the raw material front start to recede.
Textile stocks have exhibited a mixed performance so far this calendar year (CY23), amidst higher domestic cotton prices and tepid global demand. Shares of Page Industries, Dollar Industries, Lux Industries, and VIP Clothing have declined up to 13 per cent so far in CY23, as against a 9 per cent jump in the S&P BSE Sensex. On the contrary, shares of Arvind, Welspun India, Raymond, and Gokaldas Exports have gained up to 51 per cent, during the same period.
The ad-hoc committee member added that the wrestlers' demand to hold the Worlds trials on or after August 20, as they need time to recover from the Asian Games trials, was "not feasible".
The World Championship trials are expected to be held by August 10, giving the wrestlers, who competed in Asian Games selection competition, just about 17 days to be ready for another gruelling contest.
While 14 bodies have been recovered, five were still missing, they said.
Season two once again goes for dramatic overkill despite the spine-chilling gravity of the true events it is based on, observes Mayur Sanap.
Several women wrestlers wrote to Prime Minister Narendra Modi, the IOA and the ad-hoc panel running the WFI, requesting "fair trials" for Asian Games.
'There is no concept of friendship here...there are only competitors.' 'Every student sitting next to you is seen as an additional burden to fight with.'
Demand for fast-moving consumer goods (FMCGs) went up last month across India, as kirana stores stocked up their shelves in anticipation of a sizzling summer, according to data by retail intelligence firm Bizom. There was a spike in beverages sales across the country despite inflation inching up in February after moderating downward previously, Bizom noted.
Star wrestlers Bajrang Punia and Vinesh Phogat's request to train in Kyrgyzstan and Poland respectively was approved by TOPS.
Veteran pacer Shikha Pandey axed, rookie keeper Shwetha gets maiden call-up.
Ahead of the Women's Premier League opening game, Gujarat Giants skipper Beth Mooney opened up on the impact the WPL will have on young cricketers.
Team-wise list of players during WPL auction
'A lot of what you see on screen, particularly the night of the massacre, is pretty close to what really happened as it is based on survivor stories.'
Following a gap of several months, global brands like Walmart have started lifting orders from Tiruppur's garment makers, leading to growth in knitwear exports in January after five months. Knitwear exports from Tiruppur increased 1.5 per cent in dollar terms and 11.6 per cent in rupee terms in January. According to the Tiruppur Exporters' Association (TEA), global majors have started placing more orders from the region.
A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter's Kingfisher Airlines, the Central Bureau of Investigation said in its supplementary chargesheet filed in a Mumbai court. Mallya is an accused in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines loan fraud case, which is being probed by the CBI. The Central agency had recently filed a supplementary chargesheet before a special CBI court.
A plea has been filed in the Supreme Court challenging the rules issued by the Union health ministry which prohibit donor gametes to couples desirous of having children through surrogacy on the ground that it frustrates the provisions of the Surrogacy (Regulation) Act, 2021, which gives the right of parenthood to infertile couples.
'We have 750 districts across the country, and each district can create one cluster like Tirupur on any product of their choice.' 'This way, we can even have $3 trillion in exports.'
Vinesh Phogat outclassed reigning European Champion Emma Malmgren of Sweden 8-0 in the women's 53kg event.
In a big blow to the Gujarat Giants camp, skipper Beth Mooney was ruled out of the entire WPL season due to injury.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
The court denied bail to a 31-year-old man charged under the Act for allegedly abducting and impregnating a 15-year old minor girl whom he claims he had married.
Bhalla's account was echoed by a cross-section of residents of Delhi-NCR after a 6.6 magnitude temblor on Tuesday night was felt across large swathes of northern India as the earthquake struck the Hindukush region in Afghanistan.
A silly flick that wants to say something meaningful in the support of women's empowerment yet can't resist being flippant at every given opportunity, observes Sukanya Verma.
The petitioner states that the students' right to wear a hijab is a fundamental right guaranteed under Article 14 and 25 of the Constitution and is an essential practice of Islam.
As a percentage contributor to nominal GDP, PFCE's share was 60.1 per cent in FY23, compared with 59.6 per cent and 60.8 per cent in the two preceding fiscal years. "Although PFCE is expected to grow 7.7 per cent in FY23, we believe it is still short of a broad-based recovery. "The current consumption demand is highly skewed in favour of goods and services consumed largely by the households falling in the upper income bracket. "A broad-based consumption recovery, therefore, is still some distance away," said Sunil Kumar Sinha, principal economist with India Ratings.
'When it has to be a simple girl's role, somehow people feel I cannot do it.'
Gujarat Giants registered their first win of the inaugural edition of the Women's Premier League as they handed Royal Challengers Bangalore an 11-run defeat.
For those who believed in her talent since Lootera, Dahaad is a truly rewarding experience, observes Sukanya Verma.
It may be a little early to cheer the recovery in the fast-moving consumer goods (FMCG) space as a deceleration in discretionary demand, after the festival season, may offset fragile rural recovery, analysts have cautioned. "The overall demand environment for staples remains muted, while discretionary demand trends have seen some deceleration after the festival season. "We believe margins in staples have bottomed out, but we expect only a gradual uptick with the ongoing softening in raw material prices.
The WFI had also applied for visas for nine of its coaches but only six received visas.
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
The CBI is tight-lipped about the embarrassing case in which its own officials are under scanner for allegedly taking bribe from bank fraud accused companies, which were being probed by them.
Four people, allegedly associated with the Bajrang Dal have been arrested in connection with the assault on two persons at Nargund in Gadag district, one of whom succumbed to injuries.
Anxious relatives of several Indians stuck in Sudan following the fighting between the Army and paramilitary forces are eagerly waiting for information about their relatives and appealed to the government to evacuate them from the strife-torn African country as soon as possible.
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