Hit by inflation, higher input costs and pricing measures, fast-moving consumer goods companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.
Chidananda S Naik's Sunflowers Were the First Ones to Know... won the first prize and Mansi Maheshwari's animation film Bunnyhood won the third prize in the La Cinef competition in Cannes.
The government will set up a special purpose vehicle to push ahead with plans to start manufacturing commercial aircraft in India, Civil Aviation Minister K Rammohan Naidu said on Wednesday as he highlighted the potential of the country's fast-growing aviation sector. The Bhartiya Vayuyan Vidheyak Bill 2024, which was passed by the Lok Sabha in August, includes provisions to regulate the design and manufacturing of aircraft, supporting the Aatmanirbhar Bharat initiative for self-reliance.
Leading FMCG firms reported a nearly two-fold increase in the share of quick commerce within their total e-commerce sales, and this surge is anticipated to continue, said a joint report by Deloitte and industry body FICCI. Quick Commerce, also known as hyperlocal delivery, is now reaching around 35 per cent of online sales and has become a preferred channel for urban consumers. "About 18 per cent of consumers prefer purchasing food and beverage items from Q-commerce channels.
Fast-moving consumer goods (FMCG) companies are expected to witness pressure on volumes in the October-December quarter. However, price hikes will help push up revenues, said brokerages.For India's largest engineering firm, Larsen and Toubro (L&T), the analysts expect a 20 per cent growth in consolidated revenue, and an 8.1 per cent core business Ebitda margin, up 40 bps from a year ago.
The Miranda Brothers is short on humour, romance and real drama, observes Deepa Gahlot.
A bench of Justices Sanjiv Khanna and Sanjay Kumar issued notice to the Chembur Trombay Education Society, which runs the 'N G Acharya and D K Marathe College', and sought its response by November 18.
In a sparkling show by India's women wrestlers at the Under-17 World Championships, four grapplers annexed the titles here on Thursday and at least two more are in gold medal contention.
The FMCG industry hopes for a revival in consumption growth in 2025 with some 'green shoots' already visible, after having a challenging year amid escalating input costs and a double-digit rise in food inflation, which ultimately slowed down the pace of the urban market growth in the second half of 2024. Soaring prices of commodities such as palm oil, coffee, cocoa and wheat forced FMCG players to go for a hike of 3 to 5 per cent or resort to shrinkflation by reducing pack sizes and grammage to retain attractive price points, fearing a volume loss.
Putting up a dominant show, all four Indian women wrestlers in action, including Aditi Kumari, Neha and Pulkit, got themselves in title contention at the Under-17 World Championships in Amman, Jordan on Wednesday.
The WFI remains suspended by the ministry and IOA has refused to re-introduce the ad-hoc panel, leaving the sport and the future of wrestlers in limbo.
'Usually, we are always worried that we are missing out something in life.' 'We are very keen for the audience to have this as a cinema experience in theatres.' 'You get the rare chance to be patient.'
It was double delight for Parth Rakesh Mane as he was crowned junior world champion in 10m air rifle and also claimed a team gold to lead India's impressive performance at the ongoing ISSF Junior World Championship in Lima, Peru.
The Wrestling Federation of India conveyed to the world governing body UWW that the sports ministry is interfering with its autonomy.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
The Reserve Bank of India's (RBI's) caution on inflation, highlighted during the recent monetary policy meeting, may put investors' faith in fast moving consumer goods (FMCG) stocks to test, analysts said. They, however, believe FMCG stocks may ride through this near-term investor anxiety as related companies are, typically, well-equipped to handle inflation due to their pricing power and steady demand for essential goods.
Days after Radhika Merchant and Anant Ambani's wedding, pictures of the celebrations continue to pour in.
How will the leave encourage more women to be part of the workforce, the court asked the petitioner and said mandating such leave will lead to women "being shunned from the workforce". "...we do not want that," the bench said
Indian kiranas are agile enough to face the q-com challenge, but it's going to be a tough fight, notes Ambi Parameswaran.
'I've never done anything cliche and I've never got anything cliche.'
They definitely need a ramp of their own.
Rediff.com's Rajesh Karkera captures the faces from Ayodhya.
Repechage gives losing wrestlers from the pre-quarterfinal round onwards a shot at the bronze medal if the winning grappler makes it to the title round.
Jamiat Ulama-i-Hind, a Muslim body, has raised objections to a recent fashion show held in a local college where participants walked down the ramp wearing burqas.
Several high-profile people, including Delhi Chief Minister Arvind Kejriwal, his former cabinet ministers Satyendar Jain and Manish Sisodia, are lodged in Tihar jail.
The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate of expansion in six months.
Never before in history have Cannes and its sidebars found space for eight Indian, or India-themed, films.
Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the country's top 15 listed FMCG companies, is up 1.9 per cent month-to-date in May compared to a 2.4 per cent decline in the benchmark Nifty 50 in the period.
Apprentices get at an average of Rs 10,000 to Rs 12,000 per month which can double after one year of on-the-job training.
Vinesh Phogat locked Paris Olympics quota in the women's 50kg category, reaching the final at the Asian Olympic Qualifier without conceding a single point.
The players' auction ahead of the 2024 edition of the Women's Premier League (WPL) will be held on December 9 in Mumbai, the BCCI announced on Friday.
The 19-year-old Panghal put up a dominant show in the 53kg category, winning all her bouts without much fuss.
The fast-moving consumer goods (FMCG) sector has underperformed the Nifty over the past year as its 20 per cent return is trumped by 29 per cent of the benchmark index. The FMCG index saw a 2.2 per cent drop in the last session, while the Nifty lost 1 per cent. FMCG is seen as a defensive segment. The demand for staples like personal care products, groceries and snacks tend to be stable. FMCG companies are consistent dividend-payers.
India will go unrepresented in five categories at the upcoming Zagreb Open in Croatia as Bajrang Punia, Antim Panghal and three others didn't give consent for their selection to the ad-hoc panel that announced a 13-member team on Tuesday.
In India, fast-moving consumer goods (FMCG) majors continue to hold sway, with incumbent brands cornering 65 per cent of the market share, shows a Bain & Company report. While identifying the continued preference of Indians for incumbent brands, the report says that the dominance of general trade in the country has allowed national brands to maintain their supremacy. The low penetration of e-commerce in the country has also helped large brands.
R Madhavan's Rocketry: The Nambi Effect has won the National Award for Best Feature Film while Alia Bhatt and Kriti Sanon shared the Best Actress award for their roles in Gangubai Kathiawadi and Mimi, respectively.
Sunil Kumar won India's first Greco Roman medal in 13 years at the Asian Games, bagging a bronze in the 87kg category.
The slowdown in private consumption in the economy is taking a toll on the growth of fast-moving consumer goods (FMCG). The net sales growth of listed FMCG companies hit a 14-quarter low of 2.5 per cent in October-December 2023 (Q3FY24). This is the lowest revenue growth for the industry since the June 2020 quarter, when the FMCG firms in the Business Standard sample had reported a 13.2 per cent Y-o-Y decline in combined net sales owing to the lockdown.
The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.
Celebrate Holi with a chilled glass of nutrition.
