FMCG

With consumption accounting for over 60 percent of India's GDP, boosting disposable income is critical to reviving demand

HUL has signed a share purchase agreement to acquire 90.5% of Minimalist's shares for INR 2,670 crore through a secondary buyout, complemented by a primary infusion of INR 45 crore into the company.

Report by NielsenIQ shows India dominating the APAC region in FMCG and tech durables

Bikaji Foods International Limited reported a 18.7 per cent YoY growth in revenue from operation to INR 5,722 million with volume growth of 16.2 per cent YoY

Britannia Industries has been surpassed by ITC Ltd, to claim the title of India's second-largest listed packaged foods company in terms of sales and therefore achieving a major milestone as reported by The Economic Times. ITC conglomerate is now second only to Nestle in the domestic market.

Over the years, the consumer-buying patterns have changed and keeping the trends in focus, Haldirams, Bikanervala Foods and Mondelez India are coming up with expansions and investments to up its game during the festive season

SYMEGA is now touching revenue of INR 500 crores and is working in five manufacturing verticalsseasoning, culinary, flavours, natural colours, and plant-based foods and beverages.

The company, which was formerly known as Ruchi Soya, managed to sustain its growth pace in the revenues as it declared growth of 18.15% to INR 7,872.92 crore in the March 2023 quarter

Power brand strategy, packaged foods, personal care range, among others, help FMCG majors such as Marico, Dabur and Britannia drive growth

The last five to six quarters have been the longest period of rural slowdown in the last decade

Godrej Consumer Products has been focusing on category development by building accessibility, brand relevance and sampling, and the acquisition will mark the company's foray into sexual wellness too

FMCG companies are eyeing the direct to consumer (D2C) space, however, there are challenges abound as traditional companies have to navigate hurdles such as marketing costs, clear value proposition, return management, best in class customer management, to name a few

It is no wonder that the FMCG sector, responsible for over one-third of all greenhouse gas emissions, is fast incorporating sustainable practices in its procedures and methods right through the production chain while also informing the consumers of those newly-introduced changes.

According to a Mordor Intelligence report, the total addressable D2C market in India is forecast to hit $100 billion by 2025. The opportunity is so lucrative that traditional FMCG companies such as Dabur, ITC, Marico, Wipro Consumer Care & Lighting, Parle Agro are trying their luck in the space either by acquisitions or starting their own digital first brands

Followed by its recent acquisition of Nirapara, the company is looking at becoming a sizable player in the packaged foods segment

The minister also said that the consumer industry in India, and FMCGs have been victims of indiscriminate low-quality imports because of which people have suffered

The brand Dabur is synonymous with taking care of yourself and your loved ones. In its 138 years of history, it has produced several iconic products

Independence includes diverse categories such as staples, processed foods, beverages, among other daily essentials

Wellbeing Nutrition has a presence in D2C, digital marketplaces and is expanding in offline retail channels

Pravas Chandragiri, founder and CEO of Soptle

The platform is currently helping more than 200 brands to penetrate the tier III market further