FMCG
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Quick-commerce giants grab 30-50% of FMCG sales, kirana stores witness slowdown
In the last quarter of 2023, around 12 million local grocery stores in India observed a significant slowdown in sales. Meanwhile, quick-commerce companies not...
B2B SaaS platform Rupyz secures $1.2 Million in seed funding led by Merak Ventures to enhance FMCG distribution and supply chain solutions
Rupyz, a B2B SaaS startup, has secured $1.2 million (INR 9.9 crore) in its seed funding round, with Merak Ventures leading the investment, along...
Established brands maintain dominance in India’s FMCG sector with 65% market share, reveals Bain & Company Report
A report from Bain & Company reveals that in India, established brands in the fast-moving consumer goods (FMCG) sector still dominate, capturing 65 percent...
FMCG firms maintain steady growth with single-digit volume increase and improved margins in December quarter
During the December quarter, Fast-moving consumer goods (FMCG) firms experienced single-digit volume growth and enhanced margins across various segments. This positive trend was facilitated...
Nestlé India collaborates with SOCIAL and BOSS Burger to debut MAGGI’s plant-based menu across major cities
Nestlé India has collaborated with restaurant chains SOCIAL and BOSS Burger to launch a test phase for MAGGI Professional's plant-based product range. This lineup...
Interim Budget 2024 sets the tone for inclusive development, FMCG executives optimistic
Executives representing leading FMCG companies have praised the Interim Budget 2024, displaying confidence in the government's commitment to fostering inclusive and sustainable growth for...
Interim budget 2024 falls short on immediate rural consumption revival, companies pin hopes on long-term impact through rural housing and post-harvest initiatives
Consumer goods companies have indicated that, while the interim budget may not promptly initiate a consumption revival, an enhanced emphasis on rural housing and...
Adani Wilmar’s Q3 profit slides 18% YoY to INR 201 Crore; revenue witnesses a 17% decline
On Wednesday, Adani Wilmar, the FMCG division of the Adani Group, reported an 18% decrease in its profit for the December quarter on a...
Dabur India’s Q3 profit rises 6.2% to INR 506.44 Cr, records 7% revenue growth at INR 3,255.06 Cr
Dabur India Ltd, a prominent homegrown FMCG company, announced a 6.24% rise in its consolidated net profit, reaching INR 506.44 crore for the third...
Lotte Wellfood to Invest INR 200 Crore in new manufacturing unit in Haryana, eyeing expansion and premium brand positioning
Lotte Wellfood, a Korea-based FMCG company, has announced its plan to set up a new manufacturing unit in Haryana for the production of Lotte...
Hindustan Coca-Cola Beverage’s Karnataka plant becomes first carbon-neutral facility in India and Southwest Asia
Hindustan Coca-Cola Beverage Pvt Ltd, a prominent FMCG company in India, announced on Wednesday that its bottling facility in the Bidadi Industrial Area in...
FMCG companies anticipate inflation-focused measures in upcoming budget to boost consumption and rural growth
Despite the early signs of recovery, the FMCG industry faced significant inflationary pressures, especially in the mass consumption segment. In anticipation of the February...