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The Fast-moving consumer goods (FMCG) industry had a significant inflationary effect during the first half of the year; though, as fuel prices stabilized internationally, what can be expected for this sector in the pre-budget forecasts? The upcoming Union Budget 2023–2024 set to be presented in February 2023 by Union Finance Minister Nirmala Sitharaman will likely provide the answers. Needless to say, the markets have high hopes for what the Budget will bring. Just like the last Budget, this one is expected to increase the allocation to infrastructure projects.

 This week’s edition of “Indian Retail at a Glance” highlights the Future of FMCG: What lies ahead in 2023? How do price hikes help FMCG growth? How Infra, FMCG could outperform the market in FY-24?

Union Budget 2023: What does the FMCG sector expect from FM Sitharaman?

The unmissable Union Budget 2023–2024 will be presented in Parliament in February 2023 by Union Finance Minister Nirmala Sitharaman. This budget is receiving a lot of attention from many industries because it will be the last complete budget before the general elections in 2024. 

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HUL to ITC, why FMCG biggies are seeking wealth in health

Salt-to-cigarette conglomerate ITC Ltd. is picking up a significant stake in the homegrown start-up Sproutlife Foods Pvt. Ltd. (SFPL) which owns the popular health food brand Yoga Bar. The Kolkata-headquartered major will initially pick up a 39.4 percent stake against Rs 175 crore by mid-February, to acquire the rest of SFPL by 2027.

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Future of FMCG in India: What Lies Ahead in 2023!

The FMCG sector has experienced a tremendous shift over the past 10 years and is currently thought to be India's fourth-largest market. The FMCG market in India is expected to increase at a CAGR of 14.9% to reach US$ 220 billion by 2025, from US$ 110 billion in 2020. Lets see how it sails through 2023.

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Infra, FMCG could outperform the market in FY-24

Generally before the election, the government increases allocation to infrastructure projects and also puts pressure on execution. This year thanks to the G20 presidency there is added pressure on completing existing infrastructure projects.

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Price hikes help FMCG sales grow 7.4% in 2022

Fast-moving consumer goods companies posted a 7.4% rise in sales in 2022, primarily led by price hikes, according to data from retail intelligence platform Bizom.

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Convenience And Premium Experience Are Driving India’s Coffee Market: Puneet Das, President Of Tata Consumer Products 

Tata Consumer Product Limited's (TCPL) cup of joe is spilling over. Coffee registered a 39 percent revenue growth in the July to September 2022 quarter for the vertical that unites Tata Group's food and beverage interests. 

Colgate-Palmolive India Q3: Net profit declines by 3.6% to ₹243.24 cr

FMCG major Colgate Palmolive India on Tuesday reported a decline in net profit by 3.6 percent to ₹243.24 crore in the December quarter. This is against a net profit of ₹252.33 crore in the year-ago period, Colgate Palmolive India said in a regulatory filing.

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