MUMBAI: As scores of people gear up to visit the Maha Kumbh mela at Prayagraj, brands are going all out on advertising and marketing to gain a share of consumers’ mind space. At a time when consumption is sluggish and the Indian middle class is counting every penny they are spending, getting 40 crore people…
NEW DELHI: Hit by inflation, higher input costs and pricing measures, FMCG companies are expected to see a contraction in their gross margin and a modest-to-flat operating profit in the Dec quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth.One of the…
MUMBAI/NEW DELHI: The FMCG industry does not see a full revival in urban demand to set in until at least mid-next year. This is even when companies are betting on premiumisation to derive growth from the bigger cities, where consumers are seeking high-quality products and convenience to partly make up for the sluggishness that has…
Bleak urban demand to weigh on FMCG in ’25 MUMBAI: The coming year is looking tough for India’s consumer goods companies. The urban middle class – key to driving sales volumes for mass brands – is not spending enough and rising commodity inflation means that firms may find it difficult to curb further price hikes,…
MUMBAI: FMCG giant HUL’s board has decided to demerge its ice cream business into an independent listed entity, the company said in a statement on Monday. It has been proposed that the shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the firm. “The demerger of ice cream…
NEW DELHI: The food processing industry is expected to double in size by 2025-26, driving hiring in the fast-moving consumer goods (FMCG) sector. A report by TeamLease EdTech shows that hiring intent for freshers increased to 32 per cent in the second half of 2024, compared to 27 per cent in the first half of…