Results for: FMCG

This week’s news highlights India’s strong economic performance, Adani Group’s foray into FMCG, the upcoming festive shopping season, and the debate on GST rates for insurance premiums. The World Bank has upgraded its GDP forecast for India, while Adani Group is looking to acquire multiple FMCG businesses. Meanwhile, the GST Council is considering changes to the tax rate on health and life insurance premiums. Quick commerce platforms are gearing up for the festive season, with Blinkit, Zepto, and Swiggy Instamart adding costlier items and expanding their offerings.

Gautam Adani’s Adani Enterprises is set to merge its food FMCG business with Adani Wilmar, a move that will strengthen its position in the edible oil and FMCG sectors. This strategic move, aimed at unlocking value for shareholders, will reshape the competitive landscape, setting the stage for intense competition with Mukesh Ambani’s Reliance Consumer Products Limited.

Parle-G, a household name in India and one of the world’s largest biscuit brands, has a rich history spanning almost a century. This article delves into the journey of this iconic brand, from its humble beginnings as a tailor shop to its global success, highlighting the key milestones and influential figures that shaped its journey.

Tata Consumer Products Ltd has received an income tax demand of Rs 171.83 crore for the assessment year 2019-20. The company claims the demand is not maintainable and plans to appeal the order. The demand has no immediate impact on the company’s financials or operations.

Rajni Bector’s journey from a small-time ice cream maker to a successful entrepreneur with a multi-crore FMCG company is a testament to perseverance, hard work, and innovation. Starting with a humble investment of Rs 20,000, she overcame competition and social barriers to build a thriving business that supplies renowned brands like McDonald’s.

Stocks heavily reliant on rural revenues are witnessing a significant upswing amid expectations of a strong monsoon season in India. The Indian Meteorological Department (IMD) has predicted the monsoon to be ‘above normal’, fueling optimism for a surge in agricultural output and rural spending. Industries such as motorcycle manufacturing, farm equipment production, and FMCG (fast-moving consumer goods) are experiencing a boost in stock prices due to this positive forecast. Major companies in these sectors are reporting increased sales volumes in rural areas, indicating a positive shift in consumer demand.

Patanjali Foods Ltd., a subsidiary of Patanjali Ayurved, is considering a proposal to acquire the non-food business of its promoter group. The acquisition may include products from dental care, home care, and personal care categories, which account for 50-60% of Patanjali Ayurved’s total revenue.

Nestle India, the Indian arm of Swiss food giant Nestle, reported a strong financial performance for the three months ended March 31, 2024 (Q4 FY24). The company’s net profit surged by 26.73% year-on-year to Rs 934 crore, while revenue from operations climbed 9.05% to Rs 5,268 crore. This growth was driven by a combination of pricing actions and a strong performance across the company’s product portfolio.

FMCG giant Nestle has reported a significant increase in its standalone profit for the fourth quarter (Q4), with a 27% jump to ₹ 934 crore from ₹ 737 crore recorded in the same period last year. This surge is attributed to increased pricing and robust demand for Nestle’s packaged food products. The company’s revenue also witnessed a 9% growth to ₹ 5,268 crore.

Hindustan Unilever (HUL) witnessed a decline in its share price after reporting its earnings for the quarter ended March 2024. The company’s net profit dropped by 6% year-over-year, leading to a fall in HUL shares by up to 1.2% on the BSE. HUL’s revenue, however, experienced a marginal rise of 2% YoY. The Home Care segment saw a 1% growth, while the Beauty & Personal Care segment contracted by 2%. The Foods & Refreshment segment delivered a 4% growth driven by pricing. Despite the muted results, HUL declared a dividend of 24 per share.