Even though premium and urban discretionary segments fared better than rural and mass-priced categories, the question is whether ONDC plans to reach the bottom of the value chain or simply scratches the surface. Consumers downgraded and reduced consumption in response to grammage cuts or price hikes across categories, resulting in Staples companies enforcing grammage cuts or price hikes across categories. There has been a large demand for both large and small packs in rural areas, as income levels are rising—particularly because the rabi season went so well.
This week’s edition of “Indian Retail at a Glance” discussed about FMCG sector booming in rural India with even premium products in demand. As per an FMCG Major, FMCG market leaders should take the lead in slashing prices to ease inflation levels.
FMCG firms expect demand to improve in the second half
Demand for daily groceries and household products could recover in the second half of the financial year due to moderation in inflationary pressures and normal monsoon, said companies and analysts.
The FMCG sector booming in rural India with even premium products in demand
Good demand is coming in from rural areas both on small as well as big packs and even premium ones as the income level is rising — a very important reason being good use of the rabi crop.
Godrej Consumer Products expects improved consumption in second half of this fiscal
Godrej Consumer Products Ltd (GCPL) expects consumption to improve in the second half of the current financial year, mainly due to moderation in inflationary pressure amid a correction in commodity prices.
HUL stands out with its robust performance in a volatile market
Hindustan Unilever, the Indian arm of FMCG major Unilever, has outdone the performance of its parent and is set to overtake the US business of the Anglo-Dutch consumer multinational company, to become the largest by value.
FMCG market leaders should take the lead in slashing prices, says Marico’s Harsh Mariwala
Market leaders in the FMCG sector will have to take the lead in slashing prices before others follow suit, said Marico Chairman Harsh Mariwala, in an exclusive conversation with CNBC-TV18. The doyen of Indian FMCG also said that he expects some easing out in inflation levels, come October.
Nestle India finance chief David Steven McDaniel to step down in March 2023
The Fast Moving Consumer Goods (FMCG) company, Nestle India's Executive Director – Finance & Control and Chief Financial Officer David Steven McDaniel will step down from his position on March 1, 2023.
Getting the vision right: What market needs to meet ONDC halfway
Today, when a small-medium retailer ventures into e-commerce to expand its presence, upgrading from local street to the world wide web, he has a handful of options, including Amazon India and Walmart-owned Flipkart. These two platforms alone control more than 60% of the country’s online retail market, consisting of 190 million online shoppers.
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