With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers. Crude palm oil, one of the main ingredients in the manufacture of some consumer goods, saw a price rise of 45.2 per cent in the last three months. One of the country's largest consumer companies, Hindustan Unilever, said it has already started to take price increases in the skin cleansing category.
Leading FMCG companies reported a decline in margins in the September quarter on account of higher input costs and food inflation, which ultimately slowed down the pace of urban consumption. Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike. HUL, Godrej Consumer Products Ltd (GCPL), Marico, ITC, and Tata Consumer Products Ltd (TCPL) have expressed concerns over squeezing urban consumption, which according to industry experts forms 65-68 per cent of FMCG total sales.
Companies manufacturing fast-moving consumer goods (FMCG) continue to see rural stress sustain and it continues to trail urban demand. At the Confederation of Indian Industry's FMCG summit, managements of various companies pointed out urban demand continued to grow while rural demand remained under pressure because incomes were under stress in rural areas. "Due to rural stress, volumes continue to remain an issue for the industry and we are yet to see any revival in demand," Sudhir Sitapati, managing director (MD) and chief executive officer (CEO) at Godrej Consumer Products
It is thanks to the policy of liberalisation conceived by Manmohan Singh and enforced by P V Narasimha that the Indian economy has now become the world's 5th largest economy by nominal GDP, asserts Dr Sudhir Bisht.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
Applause Entertainment has joined hands with the OTT platform aha for an adaptation of Vinay Sitapati's book, Half Lion: How P V Narasimha Rao Transformed India.
Lawyer and scholar Vinay Sitapati says the 'Get Modi' strategy largely misses the efforts to prosecute people evidently guilty of violence and murders in the Gujarat riots in favour of "a narrow quest to stop one man from becoming prime minister."
Much depends on the BJP's electoral performance in next year's assembly elections. If the party fares well in UP and some states like Goa and Gujarat, it will be able to fob off the attempt at a reappraisal of its Hindutva doctrine, observes Amulya Ganguli.
A weak margin outlook in the near term and lack of fresh triggers may keep the Godrej Consumer Products (GCPL) stock under pressure. The stock, after tepid September quarter (Q2) results and marginal downward revision in earnings estimates, declined 3.5 per cent in trade on Friday. Though consolidated sales of the company, which owns the Goodknight and Cinthol brands, grew 8.5 per cent year-on-year (YoY), its operating profit declined because of the sharp contraction in margins.
'One wishes that today's 'take no prisoners' brand of politics would give way to an understanding of the national interest that is shared by both government and Opposition.'
After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
'Like in cricket, M S Dhoni was the captain and Virat Kohli played under him.' 'Then Dhoni played under Kohli.' 'Now imagine, having a second switch.' 'That is the analogy here, and I find no other example in Indian politics, or even world politics.'
'On the Kashmir and Pakistan question, it is startling that Vajpayee and Advani did more than anybody in Indian history.'
Neither Modi nor Shah had held legislative or executive power in Delhi before 2014. They have no training in appealing to the diversity of India as represented in Parliament. Their prism is the provincial politics of Gujarat. An exclusive excerpt from Vinay Sitapati's fascinating new book, Jugalbandi: The BJP Before Modi.
'This is what Hindu Rashtra looks like, which has been enabled by conditions of democracy.'
'The BJP is the most progressive force within Hinduism today.'
'Certainly if Advani had agreed to Vajpayee in sacking Modi, then we would never have been talking of Modi today.'
Political scientist Vinay Sitapati explores the role played by the then Prime Minister P V Narasimha Rao in steering the reforms through in his new book Half Lion.
Mohan will be responsible for aligning of teams, overall strategy in this country and driving Facebook's investments in India
Companies from Nestle and ITC to Hindustan Unilever and Patanjali have pledged to reduce use of unhealthy ingredients by five to 50 per cent
'One good thing that has come out of all this is that it shown people that online ordering is the way forward.'
Modi has the ideas for a new, hopeful India, and an idiom in which to sell optimism to voters. But he doesn't yet have the team for it, and soon enough, questions will begin to be asked by an impatient, non-ideological, I-don't-owe-anybody-anything generation of Indian voters, says Shekar Gupta.
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