The budget was negative for the FMCG sector.
After shampoos and oral care, fast-moving consumer goods (FMCG) companies are betting big on soaps this year.
Excise duty hike for cigarettes could be lower.
This is the Mukesh Ambani-led company's second entry into the dairy segment and it will directly compete with Amul and Mother Dairy.
With substantial cash reserves, a buoyant domestic market and increasing global opportunities, almost every consumer goods (FMCG) company is looking for acquisition targets.
HUL has achieved few milestones in the fiscal gone by and hence is performing good on revenues front.
FMCG import bill is bloated, Modi must do something to bring it down.
Disappointing quarterly earnings numbers and revenue forecast from IT services company Wipro also weighed on investor sentiments. The 30-share BSE Sensex fell 247.78 points or 0.38 per cent to settle at 65,629.24 points. During the day, it plunged 533.52 points or 0.80 per cent to 65,343.50 points.
The FMCG sector has grown consistently during the last three to four years and is expected to grow at 12-15 per cent over the next three to four years.
Prime Minister Narendra Modi on Thursday appealed to farmers and other stakeholders associated with the cooperative sector to make GCMMF, which owns the 'Amul' brand, the world's number one dairy company from its current eighth position. He was addressing nearly one lakh people, mostly cattle rearers and farmers, gathered at the Narendra Modi stadium in Motera area of Ahmedabad for the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF).
FCMG companies which have plants i Npal may take a hit on revenues.
Though private labels comprise 10 to 12 per cent of the overall FMCG volumes, analysts said they were recording double-digit growth annually and could pose problems for the big players in the near future.
Mahindra & Mahindra was the top laggard in the Sensex pack, sliding 2.05 per cent, followed by Bajaj Finance, Tata Steel, SBI, Asian Paints, Kotak Mahindra Bank and Titan. However, IT majors HCL Technologies and TCS defied the trend and gained 1.02 per cent and 0.47 per cent, respectively. FMCG firm Hindustan Unilever rose 0.32 per cent.
FMCG major Hindustan Unilever Ltd on Thursday reported an increase of 12.74 per cent in its consolidated net profit at Rs 2,601 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 2,307 crore in the January-March quarter of the previous fiscal. Its revenue from sales during the quarter under review stood at Rs 14,926 crore, up 10.83 per cent, as against Rs 13,468 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
Chocolate majors, home and surface cleaning companies, beauty brands say that business has been brisk this festive season.
Himalaya Herbal Healthcare is looking for a Sales Officer.
Commenting on markets, Sanjay Lodha, Senior Investment Advisor of Pictet Asia Private Banking states that Pictet Asia is bullish on infrastructure, FMCG and banking.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Kishore Biyani, who owns the Future Group and its associated retail chains, is seeking support from rival retailers to challenge the might of Hindustan Unilever, Cadbury, Britannia and other confectionary, food and fast moving consumer goods companies (FMCG) to bargain for higher margins.
Fast moving consumer goods (FMCG) companies are changing the product formulation, including alternative raw materials, to make soaps, detergents and personal care products. The move is aimed at cutting costs by as much as 10 per cent and boosting margins.
ITC stock slipped over 4 per cent on Thursday (February 8) after British American Tobacco (BAT) said it could sell some of its stake in the company, recovering partially in trade. The stock of the cigarette-to-hotels conglomerate traded at Rs 420 levels, rising 1.3 per cent in intraday deals as compared to the S&P BSE Sensex that traded flat for most part of the day. The development, meanwhile, saw Jefferies downgrade the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.
After a gap of five years, Hindustan Unilever has bagged slot zero position on B-school campuses. In 2007, the company had slipped to number 14 on the recruiters' list of B-schools. "It's an improvement of our brand value and affirmation of our employer brand," says Leena Nair, executive director HR, Hindustan Unilever.
"For the first time in India, Sahara India Pariwar is setting up the largest FMCG company in the country with its own distribution network through over 10,000 franchisee outlets...," Sahara India said in a public announcement.
India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their way to top hierarchy of global firms in 2013.
Could the MPCE survey results be used as a basis of reconstructing the Consumer Price Index with new weights, asks Madan Sabnavis.
Manufacturing companies have been outperformers on the bourses in the current year, leading to a rise in their weighting in the benchmark index. Companies in sectors such as FMCG, automobile, pharmaceuticals, metals, cement, and agrochemicals now account for 25.43 per cent of the Nifty 50 index, up 88 basis points from 24.55 per cent at the end of December last year and a record low of 23.1 per cent at the end of CY20. The manufacturing sector is now dominated by FMCG majors such as Hindustan Unilever, ITC, Asian Paints, Nestle, and Britannia, accounting for 45 per cent of the combined market cap of all manufacturing companies in the index.
Growth numbers for the large players in the sector, though, improved during the quarter.
@015 may be a good year for FMCG firms.
Hindustan Unilever's Q3FY24 performance was lacklustre, with both sales and operating profit barely moving from the year-ago period due to price cuts and higher advertising costs. Besides weak demand, the FMCG (fast-moving consumer goods) major is facing increased competitive pressures, particularly from regional players, which, coupled with a slow recovery in rural markets, could put revenues under pressure going forward. Margins are expected to remain range-bound as benefits from falling raw material costs are expected to be neutralised by rising promotional budgets.
Top companies reported that despite most of them making staples and essential products, movement of raw material, goods and labour remained restricted, impacting sales.
Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023, led by a strong growth momentum across operating segments. The company had posted a net profit of Rs 4,259.68 crore a year ago, ITC Ltd said in a regulatory filing. Its revenue from operations increased 7 per cent to Rs 18,799.18 crore in the period under review against Rs 17,754.02 crore in the year-ago period.
With the rains at unprecedented low in August, kiranas are thinking twice before stocking up on goods. "With August 2023 rain shortfall at almost a 100-year low, we are seeing kiranas stocking up very carefully," Akshay D'Souza, chief of growth and insights at Bizom. He added, "As we look ahead, it does seem that the impact of rains in September will be critical to the sowing season.
Baba businesses are sprucing up their act as they expand product portfolios and enhance brand image
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