India's fast-moving consumer goods (FMCG) market grew 6 per cent in the January-March quarter over last year led by double-digit price growth, according to Nielsen IQ's report. The digital innovation in Kirana also played a significant role in the overall growth as to prosper in post-pandemic times, the sector experimented with new business models and employed digital innovation technologies to uncover new sources of revenue. The industry is also paying attention to understanding the shift in consumer behaviour during the Pandemic and innovating digital platforms to fit the bill.
This week’s edition of “Indian Retail at a Glance” highlights India’s FMCG growth in Q4, technology revolution in Kirana stores is enhancing overall development in the Retail sector and how the industry is focusing on consumer behaviour for better delivery.
India's FMCG sector grows at 6% in Q4; volumes contract on low consumption
India’s fast-moving consumer goods (FMCG) market grew 6 per cent in the January-March quarter over last year led by double-digit price growth.
FMCG demand slows in rural India for third successive quarter in January-March
Rural markets slowed down for packaged goods for the third successive quarter in the January-March quarter, and consumers switched to smaller packs amid steep inflation.
Digital innovation: a necessary disruption in the FMCG sector
To meet evolving consumer preferences and tastes, fast-moving consumer goods (FMCG) companies have integrated digital technology strategically. Many FMCG firms are expanding digital adoption in their sales, logistics, stock management, and distribution systems to improve long-term efficiency, profitability, and productivity.
What FMCG & retail need to understand about shifts in consumer behaviour during the pandemic; how different trades can move forward
The government seems to be leaving no stone unturned to control fuel and food inflation. After it banned exports of wheat, the government “restricted” sugar shipments, besides scrapping all duties and cesses on crude soya bean and sunflower oil imports.
FMCG firms to swallow input cost pain, hold on to entry-level size, price
Consumer goods makers plan to hold on to entry-level prices and not reduce sizes of small packs despite growing input costs, as they seek to ensure sales volumes are not badly hit due to inflation.
Wellness foods on the Nestle expansion menu
Food major Nestle India Ltd may enter new categories to expand its business horizon in the country even as it continues to see robust growth in its existing segments.
Revolutionizing Small Stores Into Smart Stores
The 12 million Kirana stores in India contribute to approximately $500 billion food and grocery market which is almost 95% of the sector. But not long ago, despite their giant market share, it was projected that these stores would cease to exist with time due to increased competition from e-commerce companies.
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