Business Standard

FMCG sector

Viksit Bharat Budget 2024: ITC jumps 5% as govt keeps sin tax unchanged

The stock price of cigarettes-to-hotels conglomerate was trading at its highest level since July 2023 and was 2 per cent shy from its record high level of Rs 499.60 touched on July 24, 2023.

Viksit Bharat Budget 2024: ITC jumps 5% as govt keeps sin tax unchanged
Updated On : 23 Jul 2024 | 1:43 PM IST

Zydus Wellness stock jumps 5%; hits 2-year high on hopes of demand recovery

The management sees encouraging signs of industry recovery, with inflation stabilising and margins poised for improvement.

Zydus Wellness stock jumps 5%; hits 2-year high on hopes of demand recovery
Updated On : 22 Jul 2024 | 12:45 PM IST

HUL Q1 preview: FMCG major may see volume-led growth in June quarter

Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.

HUL Q1 preview: FMCG major may see volume-led growth in June quarter
Updated On : 19 Jul 2024 | 9:50 AM IST

Budget 2024: FMCG sector seeks more spending in rural areas to push demand

Ahead of the Union Budget, the consumer sector is calling on the govt to enhance both rural and urban infra, create a more business-friendly environment, and prioritise measures to boost demand

Budget 2024: FMCG sector seeks more spending in rural areas to push demand
Updated On : 15 Jul 2024 | 9:34 AM IST

Dabur India gains 4% in subdued market post June quarter business update

Recovery in rural markets should support Dabur's portfolio, as it is heavily skewed toward rural areas, said brokerages.

Dabur India gains 4% in subdued market post June quarter business update
Updated On : 08 Jul 2024 | 12:00 PM IST

Patanjali Foods to buy Patanjali Ayurved's non-food biz for Rs 1,100 cr

Baba Ramdev-led Patanjali Ayurved has decided to sell its home and personal care business to listed group firm Patanjali Foods Ltd for Rs 1,100 crore. The acquisition will help edible oil firm Patanjali Foods to become an FMCG company. In a regulator filing, Patanjali Foods informed that the board has approved the "acquisition of the entire non-food business undertaking i.e. hair care, skin care, dental care and home care carried out by Patanjali Ayurved, including but not limited to all movable assets, immovable properties, contracts, licenses, books and records, employees and certain assumed liabilities of PAL through a slump sale arrangement on a going concern basis". This is subject to the approval of shareholders, lenders and other necessary approvals. The deal will accelerate the company's transition into a leading FMCG company, Patanjali Foods said. The home and personal care business of Patanjali Ayurved currently has strong brand equity in India's FMCG space and enjoys a

Patanjali Foods to buy Patanjali Ayurved's non-food biz for Rs 1,100 cr
Updated On : 01 Jul 2024 | 6:45 PM IST

Certain FMCG sectors may face tampering of growth: Deloitte report

Certain sectors including beauty products, personal care, consumer electronics and consumer durables may face a tempering of growth, according to a report from consulting firm Deloitte. The decline is on account of the high volume of purchases post-pandemic that have created a high base for FY25, according to Deloitte's Future of Retail report. The report also highlighted a significant shift in consumer spending patterns with a rise in value-seeking buyers, which is evident across consumer businesses. While the consumer may increase their spending on leisure activities, suggesting a good performance for the aviation and hotel industries in FY202425, it added. Yet the growth in premium products has outpaced entry-level products in several sectors, including electronics and personal care. Companies will benefit from understanding the preferences of their customers for premium products and using them to drive growth, it said. Based on the survey, the report said a large section of ..

Certain FMCG sectors may face tampering of growth: Deloitte report
Updated On : 25 Jun 2024 | 9:28 PM IST

India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report

The FMCG sector is expected to have a sustained growth rate of 7-9 per cent in 2024, supported by government initiatives to stimulate consumption and create job opportunities, a report said. The FMCG sector's resilience and adaptability, coupled with robust government support and digital transformation initiatives, position it favourably to navigate through uncertainties and emerge stronger. "Looking ahead, the FMCG sector in India is poised for sustained growth, with forecasts indicating a 7 to 9 per cent expansion in 2024," a report from ICICI Lombard General Insurance said. However, the sector faces challenges such as "inflationary pressures, subdued consumer confidence, and prevailing unemployment rates". Now, the FMCG industry has a "burgeoning economic footprint", which exceeds Rs 9.1 lakh crore and has a "pivotal role" in driving India's economic growth and employment generation, it added. Moreover, the online sales channel for FMCG is also increasing and has been valued at

India's FMCG sector to have sustained growth rate of 7-9% in 2024: Report
Updated On : 25 Jun 2024 | 5:33 PM IST

BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%

Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.

BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7%
Updated On : 05 Jun 2024 | 11:51 AM IST

FMCG shares gain in weak market; Dabur, Colgate, Marico, HUL surge up to 5%

With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.

FMCG shares gain in weak market; Dabur, Colgate, Marico, HUL surge up to 5%
Updated On : 04 Jun 2024 | 11:04 AM IST

Bikaji Foods rallies 9%, nears record high on heavy volumes

Bikaji Foods rallied 9% to Rs 592.95 on the BSE in Friday's intra-day, trading close to its record high level of Rs 604.95 touched on January 30, 2024.

Bikaji Foods rallies 9%, nears record high on heavy volumes
Updated On : 31 May 2024 | 12:16 PM IST

Marico rallies 20% in one month; check key factors behind the sharp up move

With improved macroeconomic indicators, enhanced government spending, a favorable monsoon forecast and moderate retail inflation, the upcoming year holds promise for a gradual uptick in consumption.

Marico rallies 20% in one month; check key factors behind the sharp up move
Updated On : 28 May 2024 | 1:03 PM IST

From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here

At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels

From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here
Updated On : 24 May 2024 | 11:01 PM IST

Stock trading guide for today: How to approach pharma, FMCG counters?

Technical indicators such as the RSI, MACD, and Stochastic are showing signs of potential correction and underperformance for the Nifty Pharma index

Stock trading guide for today: How to approach pharma, FMCG counters?
Updated On : 24 May 2024 | 6:45 AM IST

Nestle India shareholders vote against hiking royalty payment to parent

In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent

Nestle India shareholders vote against hiking royalty payment to parent
Updated On : 18 May 2024 | 2:02 PM IST

FMCG firms expect volume-led growth in FY25 with improvement in revenue

Leading FMCG makers expect a volume-led growth in FY25, with a revival in consumption supported by a lower inflationary environment, projections of a normal monsoon and good rabi crop. Companies such as Britannia, Marico, Dabur, GCPL and HUL in their latest March quarter earnings also expect a revenue growth in the new financial year as the deflationary cycle is over. The companies were forced to slash prices as prices of major commodities had fallen, which had in turn impacted their topline and value growth in the last two quarters of FY24. Besides, they expect a gradual uptick from the rural market, which contributes over one-third FMCG sales in the country. For Dabur a volume growth will be the way forward in this fiscal, said its CEO Mohit Malhotra in an investor call. He remains optimistic of the gradual uptick in consumption trends in FY25 and expects a mid-to-high single digit volume growth considering a normal monsoon, improving macroeconomic indicators, government spendi

FMCG firms expect volume-led growth in FY25 with improvement in revenue
Updated On : 12 May 2024 | 5:42 PM IST

From HUL to Britannia, FMCG companies continue to lag India Inc peers

A reversal in the fortunes of FMCG companies is, however, yet to reflect in their financial performance

From HUL to Britannia, FMCG companies continue to lag India Inc peers
Updated On : 11 May 2024 | 12:25 AM IST

Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show

Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.

Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show
Updated On : 08 May 2024 | 2:34 PM IST

Unilever says Lifebuoy and Lux impacted by cost deflation in India

The global consumer major also saw negative price impacts on its fabric cleaning business

Unilever says Lifebuoy and Lux impacted by cost deflation in India
Updated On : 26 Apr 2024 | 12:06 AM IST

Reliance Retail Q4FY24 results: Net profit rises 11.7% to Rs 2,698 crore

Reliance Retail's annual net profit crosses Rs 10K cr; grocery clocks highest growth, followed by fashion and lifestyle

Reliance Retail Q4FY24 results: Net profit rises 11.7% to Rs 2,698 crore
Updated On : 22 Apr 2024 | 11:43 PM IST