Sunil Kataria, CEO (India & SAARC) of GCPL, explains the challenges arising out of the second wave, in an interview to Viveat Susan Pinto
In a Q&A, he says that with vaccination picking up pace, consumers will gain confidence and the economy will recover progressively
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
The startup is a full-stack platform for FMCG companies to digitise their last-mile distribution such as sales, logistics and credit to retailers.
M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50
Online as a percentage of sales for FMCG companies has touched 8-9 per cent for some firms versus 5-6 per cent a few months ago.
FMCG firm Emami Ltd on Tuesday reported over three-fold jump in its consolidated net profit to Rs 87.73 crore for the quarter ended March 31.
Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 59.13 per cent increase in its consolidated net profit to Rs 365.84 crore for the fourth quarter ended March 2021.
Homegrown FMCG major Dabur India Ltd on Friday reported an increase of 33.98 per cent in consolidated net profit at Rs 377.29 crore for the fourth quarter ended March 2021
The two sectors which continue to see highest net inflow consecutively for the two months are - FMCG and Realty, a report by Edelweiss Securities said
In an interview with Viveat Susan Pinto, Mehta speaks on the shape of things to come for the fast-moving consumer goods (FMCG) market and his firm
Second wave and weak sentiment are likely to impact consumption
The company's domestic consumer business contributes nearly 77 per cent to overall top line
A NielsenIQ study showed that of the 1,059 brands launched monthly in India, only 10 per cent witnessed sufficient visibility and distribution
Humanise leadership, people need care not battle cry: HUL's Sanjiv Mehta
The coronavirus pandemic-led economic shock just shrunk the lucrative middle class market by 32 million people, according to a recent report by the Pew Research Centre based on the World Bank data
British FMCG major RB Plc on Tuesday said it has rebranded itself as Reckitt while retaining "company's heritage". The new brand identity and iconography is more recognisable and is designed to tell the story of the organisation's purpose and its transformation, the company said in a statement, which owns popular brands like Dettol soap and Lizol disinfectant. Commenting on the development, RB SVP Corporate Affairs & Sustainability Miguel Veiga-Pestana said: "The name reflects the existing widespread usage of Reckitt and is clearer, simpler and more memorable while retaining positive associations with the company's heritage." The implementation of the new brand will be delivered over a three-year timeline, using the natural replacement cycles of the business to manage an impactful transition in a cost-effective way, it added. RB VP Internal Communications and Corporate Brand Jo Osborn said: "From Dettol to Lysol, Nurofen to Durex and Finish to Vanish, we sell more than 20 million .
Companies are also looking for change in product mix and cost saving measures
The launch of instant noodles, honey and plant proteins is part of a larger strategy to cash in on consumer demand for packaged products