Markets are slowly gaining confidence as the second wave has almost come to an end. The demand for new skills and the growing need to leverage new-age digital-led opportunities is what is required. The pandemic has accelerated changes that were already underway and triggered an essential re-think of how businesses function. Meanwhile, let us go through this week’s “Indian Retail at a Glance” and see how retail fared in the past week.
FMCG players reap in profits with D2C channel
FMCG majors have decided to give the direct-to-consumer (D2C) selling channel a shot in the midst of the ongoing pandemic. As per data by Technopak, the D2C channel has grown around 20% in the past two years, led by the pandemic-infused demand, and it is expected to grow 15-20% in the next five years.
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FMCG revenue growth to double to 10-12% this fiscal
The FMCG sector is expected to see revenue growth double from 5-6 per cent in the last fiscal to 10-12 per cent in the current fiscal (2021-22) mainly due to price rise across product categories.
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Big Tech sees social commerce as the future of online retail
The companies are vying for a piece of the so-called social commerce industry, which relies on users' ability to discover and buy products through social media apps and is expected to balloon to $50 billion from $36 billion in annual sales by 2023.
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From cookies king Britannia to soaps titan HUL, inflation is eating profits away
Inflation is biting even for some of the country’s largest companies. For instance, even though the $11.3 billion king of the cookies business, Britannia, was able to show some decent sales between April and June this year, its profit margin shrank significantly compared to the same quarter of last year.
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Malls, theatres in Mumbai to open, longer hours for shops, eateries
With Covid cases in Maharashtra plateauing for over a month now, the state government approved easing of curbs in 25 of 36 districts, including reopening malls and multiplexes, extending hours for restaurants and shops, and permitting dining out on weekends.
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Twitter launches e-commerce pilot called ‘Shop Module’
E-commerce has become the centre of attraction for social media platforms. Social media giants such as WhatsApp, TikTok, Facebook have introduced their own e-commerce features and now Twitter seems to join the club.
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Nestle India's net profit rises 10.7% to Rs 538.6 cr in Jun quarter
FMCG major Nestle India reported a 10.68 percent increase in its net profit to Rs 538.58 crore for the second quarter ended June 30, driven largely by an increase in sales volume of key products.
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Reliance Retail to start supplying private brands to other retailers and kiranas
Reliance Retail is getting ready to sell its brand products to private stores across the country. The products will also be available in kirana stores, which are considered the backbone of the retail ecosystem in India.
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Parle Products tops most-chosen FMCG brand list in India
Parle Products leads this year's rankings, as the most-chosen FMCG brands, based on Consumer Reach Points (CRPs).
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