FMCG SECTOR

Budget Impact: FMCG companies expect consumption surge

Finance Minister Nirmala Sitharaman announced increases in rural infrastructure development by 34% to Rs 40,000 crore and doubling of micro-irrigation corpus to Rs 10,000 crore among other measures.

Frontline workers' supply outstrips demand in fast growth sectors

FMCG, ecommerce, and logistics book excess worker supply, while sectors like construction & real estate, manufacturing, and healthcare & pharmaceuticals still continue to face worker shortage — albeit at a much lower scale than a few months ago, shows Teamlease survey.

Consumer products demand likely to grow in double digits in the next quarter

Demand for grocery, electronics, and auto products could see around 10 per cent rise in demand in the March quarter.

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 reflection of positivity witnessed in the overall macroeconomic scenario amid opening up of the economy and easing of lockdown restrictions.

Consumer sector companies report a faster sequential recovery in Q2

While analysts believe that the trend may sustain, some economists expect a more gradual pace of recovery in anticipation of abatement in pent-up demand and moderation in spending after the festive season.

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.

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.

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.

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.