The fast-moving consumer goods (FMCG) sector in India has witnessed a significant development as rural consumption experiences a positive growth trajectory after six consecutive quarters. Thiresurgencesce in consumption signifies a potential revival for the FMCG industry, which has struggled to regain its momentum in the past. The blog shed light on the evolving consumer trends and preferences, hinting at new opportunities for FMCG companies to tap into the rural market. In this blog, we will explore the key highlights of the report and delve into the factors contributing to this encouraging shift in rural FMCG consumption patterns.
This week’s edition of “Indian Retail at a Glance” highlights How the Survival of startups depends on their corporate governance ethics. Why do Consumer Margins Stabilise But Volumes Stay Muted? FMCG revival?
FMCG consumption in rural India shows positive growth for the first time in six quarters: Report
According to a recent report by Nielsen IQ (NIQ), rural India has experienced positive growth in consumption during the January-March 2023 quarter, after a gap of six straight quarters.
FMCG revival? Business grows 10% in March quarter: Report
The Indian fast-moving consumer goods (FMCG) industry has recorded a recovery trend with double-digit value growth of 10.2% in the March quarter of 2023.
Click here to read more about the FMCG revival
HUL To Tata Consumer's Margins Stabilise But Volumes Stay Muted — Q4 Earnings Wrap
With fourth-quarter earnings almost over, the net profit of fast-moving consumer goods companies has ticked up, with many beating the consensus estimates.
Click here to read more about HUL To Tata Consumer's Q4 Earning
Dabur uses charcoal to go after urban tastes for toothpaste
Leading FMCG brand Dabur India has built its foundation on products that contain desi ingredients like neem, tulsi, and haldi. The brand has been able to win over customers who’ve been searching for toothpaste that takes inspiration from Ayurvedic remedies.
Click here to read more about urban tastes for toothpaste by Dabur India
CAIT urges Nirmala Sitharaman to reduce GST on beverages to support small retail, kirana outlets
Confederation of All India Traders (CAIT), which represents around 8 crore traders in the country, on Monday urged Finance Minister Nirmala Sitharaman to reduce the Goods and Services Tax (GST) on beverages which constitute almost 30 percent of the total turnover of small retail outlets such as kirana shops, pan shops, general stores, hawkers, etc.
Click here to read more about CAIT request to reduce GST
Zero-fee food delivery app WAAYU debuts in Mumbai
Food delivery app WAAYU developed by tech entrepreneurs Anirudha Kotgire and Mandar Lande of Destek HORECA, launched its services in Mumbai on Monday. It is backed by the Mumbai-based Indian Hotel and Restaurant Association (AHAR), besides other industry bodies.
Click here to read more about the new delivery app "Waayu"
The survival of startups depends on their corporate governance ethics
The raids at Byju’s highlight many issues concerning corporate governance, domicile, and taxation. The ongoing funding winter in the startup ecosystem has raised many ugly issues that were perhaps latent in their heyday.
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