The fast-moving consumer goods (FMCG) sector in India is witnessing some interesting developments in recent times. From the growing size of the Rs 1,000-crore club to global FMCG firms flagging concerns about rural demand and inflation, the sector is constantly evolving. In the latest news, Godrej Consumer Products has acquired the FMCG business of Raymond, while FMCG giants like P&G India are committing to digital upskilling for women from lesser privileged communities. Meanwhile, Marico is expected to report double-digit profit growth in the upcoming quarter, and ITC has overtaken Infosys to become India's sixth most valuable company. In this blog post, we will take a closer look at these developments and their impact on the FMCG industry.
This week’s edition of “Indian Retail at a glance” highlights about the FMCG growth in last 2 years. How top FMCG companies are performing in terms of Profits and Margins?
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Rs 1,000-crore FMCG club grows in 2 years
In the fast-moving consumer goods (FMCG) segment, the big are only getting bigger. A study of the annual reports and financial results of some of the country’s top companies in the sector shows that they have added more brands to the Rs 1,000-crore club over the last two years than in previous years.
Global FMCG firms flag rural demand, inflation concerns
Chief executives of some of the world’s top consumer goods companies, including Unilever, Coca-Cola, PepsiCo, Nestle and Mondelez, have remained largely positive about the India market in their recent earnings calls for the March 2023 quarter.
Godrej Consumer Products to Acquire FMCG Business of Raymond
Industry sources reported that Godrej Consumer Products Ltd (GCPL), a leading fast-moving consumer goods (FMCG) company, will be acquiring the FMCG business of diversified group Raymond, which includes the popular Park Avenue and KamaSutra brands.
Dabur Q4 results today: FMCG major’s profit may rise in double-digit; margins likely to be stable
Dabur India – a leading fast-moving consumer goods company – is expected to report decent results for the January-March quarter of the financial year 2022-23 (Q4FY23) on Thursday, May 4, 2023.
P&G commits digital upskilling to 5 lakh women from lesser privileged communities in next 3 years
FMCG major P&G India committed to providing digital upskilling opportunities to five lakh women from lesser privileged communities over the next three years in an efforts to drive equality and inclusion.
Marico Q4FY23 results preview: Profit may grow in double digits, but sales may remain muted as India biz drags
Marico is expected to report a double-digit profit growth jumping as high as 14 per cent. Marico had posted a consolidated net profit of Rs 257 crore for the fourth quarter ended March 2022.
ITC Overtakes Infosys to become India’s Sixth Most Valuable Company
To become the country’s fifth most valuable company, ITC will need to outperform rival FMCG firm Hindustan Unilever (HUL), which currently commands an m-cap of Rs 5.88 lakh crore.
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