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FMCG firms report single-digit volume growth with better margin in December quarter

Companies such as HUL, ITC, Marico, Dabur, and Godrej Consumer Products said urban markets continued their moderate growth, while consumer demand from rural India remained subdued even as they expect an improvement in coming quartersNew Delhi: Fast-moving consumer goods...

Marico Q3 net profit up 16% at Rs 386 crore

However, its revenue from operations fell 1.94% to Rs 2,422 crore during the quarter under review from Rs 2,470 crore a year agoNew Delhi: Homegrown FMCG major Marico Ltd, on Monday, reported a 15.9% increase in its consolidated net...

Small regional FMCG players make a comeback, grabbing shares from big companies

The small players are forcing larger rivals to go for a price revision in segments such as soaps, tea, detergent and biscuitsNew Delhi: Small regional FMCG players, which reemerged in the market after the cooling of inflation, are giving...

Revenue growth to come back in H2, would continue portfolio diversification: Marico MD & CEO

In the next two quarters, revenue growth of the company would be in line with volume growth, Gupta told PTINew Delhi: Home-grown FMCG major Marico expects revenue growth to come back in the second half of the fiscal and sluggish...

Prozo launches cold storage facility in Tamil Nadu

Located near major seafood hubs in the East Coast region of Tamil Nadu and Andhra Pradesh, the facility spans over 30,000 sq. ft. with a height of 39.8 ft. and is compliant with all safety and security normsBengaluru: Supply...

Dabur scouting for acquisition targets in D2C healthcare, personal care: CEO

The acquisition will help Dabur to increase its play in the fast-growing premium segment and also to strengthen our urban play, Malhotra said in a post-results Investors' Conference CallNew Delhi: Homegrown FMCG major Dabur India is looking for an...

Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 crore

The company has signed a definitive agreement to acquire a majority stake of 58 per cent in Satiya Nutraceuticals for a consideration of Rs 369.01 crore New Delhi: Home-grown FMCG firm Marico will acquire a majority stake in Satiya Nutraceuticals,...

Marico expects gross margin to improve 200-250 bps in FY24 as inflation cools down

Marico expects a "volume-led growth" in the domestic market and gains in market share by most of its productsNew Delhi: Homegrown FMCG major Marico expects its gross margins to improve by 200-250 bps in FY24, helped by cooling commodity...

Consumer demand stable in Q1, margins to improve: say FMCG players

Two FMCG players - Marico and Godrej Consumer Products Ltd (GCPL) - in its quarterly updates reported that the overall consumer demand remained steady in the April-June periodNew Delhi: The fast-moving consumer goods (FMCG) sector witnessed a stable demand in...

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

FMCG companies are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressuresNew Delhi: Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer...
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Retail boom in sacred cities driven by a surge in spiritual tourism

Growing tourism is attracting retail brands to establish a footprint in these potential market  New Delhi: Retail chains are capitalising...
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