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Nielsen expects 3% fall for FMCG, but companies disagree
Nielsen has lowered its earlier forecast of flat growth due to factors such as accelerating inflation and the first-quarter FY21 economic contraction. It had earlier predicted an expansion of 9-10% before the Covid-led lockdown had begun, which was later scaled down to an expansion of 5-6%, and subsequently to flat growth in July.
FMCG industry sees signs of recovery in Sept quarter: Nielsen
The growth witnessed in the fast-moving consumer goods (FMCG) sector was also a...
Consumer sector companies report a faster sequential recovery in Q2
While analysts believe that the trend may sustain, some economists expect...
Reliance's acquisition of Future Group to strengthen its retail footprint: Moody's
Last week, RIL announced that it will acquire Future Enterprise Limited's (FEL) consumer business for a purchase consideration of around Rs 24,713 crore.
Kiranas in crisis, disruption tough to reverse, fears FMCG
Industry executives said small outlets are also feeling the pinch because distributors are dealing in cash and not offering 7-21 days of credit as before. The industry fears these closures may further delay the recovery of the market.
Why India needs to go vocal for local stores
Kiranas are not only the backbone of the supply chain management but also an essential part of our economy.
Processed foods body writes to Harsimrat Badal; asks for GST reduction ahead of meet
Industry body All India Food Processors Association (AIFPA) has written to Food Processing Minister Harsimrat Kaur Badal seeking reduction of Goods & Services Tax (GST) on instant food mixes, ready-to-eat cereals, snack foods, spices, and traditional and ethnic foods.
India Inc faces big shortage of workers
With workers in short supply, firms are going all out to hire people from nearby villages as well as far-off states, offering extra wages, bonus, food, transportation facilities and other support such as providing 15-day isolation facilities for entry into states that require mandatory quarantine.
FMCG sector to expand at 9% in FY20, growth to improve in FY21: Report
The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 per cent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 per cent in fiscal 2021, a report said on Tuesday.
Covid impact: Contract employees first in line of fire
Companies in finance, insurance, retail and FMCG squeeze out contract employees.
FMCG companies to divert marketing spends to influencers, not celebrities: Duff & Phelps
Close to half of fast-moving consumer goods (FMCG) companies will spend up to 50% of their marketing budgets on social media influencers post-Covid-19 and not on celebrities, a new report by governance, risk and transparency solutions provider Duff & Phelps said.
Decline in rural sales hits FMCG in 2019, revival likely by second half of 2020
In 2019, the FMCG industry witnessed slowdown in the rural sales, which was traditionally ahead of urban sales, and in the last two quarters it was half of the urban sales growth due to factors as liquidity crunch in those far flung markets and drop in gross domestic product (GDP) which had weakened household spending.
Hit by lockdowns, FMCG sector likely to witness flat growth this year: Nielsen
Nielsen had, in April, projected a growth of 5-6 per cent for the industry this year revising it's original forecast of 9-10 per cent in January.
Dragged by extended lockdowns, FMCG sector to register flat growth in 2020: Nielsen
On April 30, Nielsen had slashed the growth forecast for the FMCG sector by almost half to 5-6 per cent for 2020 citing adverse impact of the pandemic. Though the FMCG industry has shown some sign of improvements in June, but in the first half of the year (January-June) the industry growth slipped to negative with 6 per cent decline.
Grocery ecommerce picking up for FMCG companies
Executives said the growth is not coming at the cost of neighbourhood stores or kiranas, which continue to grow, but that shopping patterns have shifted from modern trade to online, with newer categories and consumers.