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India's Consumer Packaged Goods Sector Saw Balanced Growth In 2023: Report
OutlookIndia
·
1y ago
Medial
India's consumer packaged goods (CPG) sector experienced balanced growth in 2023, with both retail sales value (RSV) and volume gains increasing, according to a report by Bain & Company. The report highlights that despite inflation, India's CPG sector saw gains in volume, with RSV advancing by nearly 15% since 2022. The report also emphasizes the importance of emerging markets, such as India, in driving profitable and volume-driven growth for the consumer packaged goods industry in the coming years.
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ITC consumer goods margins jump, launches 300 items in 3 years
Livemint
·
1y ago
Medial
ITC Ltd has reported a 14% compounded annual growth rate (CAGR) in its packaged consumer goods business over the past three years, with a revenue of ₹19,123 crore in 2022-23. The company also saw a 310 basis-point increase in EBITDA margins during this period. ITC plans to focus on a future-ready portfolio, an efficient supply chain, and value accretive mergers and acquisitions to further expand its consumer goods business. The company aims to increase its EBITDA margins by 80-100 basis points annually, with a focus on premium products.
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IT layoffs cloud recovery hopes as consumption firms brace for slowdown
Economic Times
·
4d ago
Medial
India's consumption-driven recovery is facing challenges as IT sector job cuts, notably over 12,000 layoffs by Tata Consultancy Services, raise concerns about discretionary spending. Sectors like apparel, electronics, and fashion may experience slow demand. The IT sector significantly impacts household spending, and a decline here could affect overall consumption trends. While some areas like packaged goods and jewelry might remain stable, consumer sentiment is cautious, particularly with upcoming festive seasons amidst employment uncertainties.
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Procter & Gamble sees demand recovery on good monsoon and as inflation softens | Mint
Livemint
·
10m ago
Medial
Procter & Gamble Hygiene and Health Care (PGHH) has reported positive trends in demand due to plentiful monsoon rains and softening inflation. The company highlighted declining rural wages and rising unemployment as short-term concerns for consumption. PGHH will focus on its integrated growth strategy, prioritizing daily-use products and expanding product reach. The fast-moving consumer goods (FMCG) industry in India saw a slowdown in volume growth in the June quarter, with packaged foods experiencing declining sales. PGHH's sales for the year ended June 2024 increased by 7%, while net profit remained flat.
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For FMCG, rural markets finally deliver some cheer
Livemint
·
1y ago
Medial
India's packaged consumer goods industry experienced a significant turnaround in the March quarter, with rural demand surpassing urban markets for the first time in 15 months. The FMCG industry reported a 6.6% growth in value terms, driven by a 6.5% increase in volumes. The growth in rural areas was attributed to the popularity of larger pack sizes in the home and personal care categories. While urban markets still showed growth, it was slower than in the previous quarter. Modern trade reported strong volume growth, while traditional trade remained stable. Non-food categories outpaced the food category in terms of growth.
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Kenya, Egypt, and Nigeria dominate Africa's investment hotspots list in 2023
Medial
·
1y ago
Medial
A report titled "The Africa Investment Report 2023" reveals that Kenya, Egypt, Nigeria, and South Africa collectively accounted for 68% of the total investment influx in Africa in 2023. These countries are attracting investors and serving as regional epicenters for international companies. Emerging markets such as Tunisia, Rwanda, and Ghana are also gaining traction as investment hotspots. Fintech remains the largest sector, while sectors like health, education, and agriculture are also receiving significant investment. Nigeria leads in terms of deal volume, followed by Kenya. The report suggests a future of balanced growth with emerging ecosystems carving their own niches.
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Why consumer firms are lagging benchmark indexes in India's sizzling stock market
VCCircle
·
1y ago
Medial
Consumer stocks in India's booming economy are underperforming benchmark stock indexes. Despite double-digit gains, consumer firms selling everyday goods are struggling due to low income growth and volatile inflation impacting demand. Meanwhile, luxury goods are selling well. Private consumption, which contributes to 60% of economic growth, is expected to grow at the slowest rate in two decades. The wealth gap is also widening in India, with the richest 1% accumulating the highest concentration of wealth in six decades. This trend suggests that the premium segment, which sells high-end products, is experiencing growth while the broader consumer sector remains weak.
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Demand to recover gradually, says HUL
Economic Times
·
8d ago
Medial
Hindustan Unilever (HUL), a major player in India's fast-moving consumer goods sector, reports that demand is gradually recovering. Despite facing challenges such as inflation, low wage growth, and high housing costs impacting urban markets, HUL anticipates improvement in consumer sentiment. The company recorded a 5% revenue growth in the June quarter, with a 6% net profit increase. Sales volume grew 4%, reflecting the highest revenue growth in two years. Rural and urban demand is stabilizing, supporting future growth.
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High inflation likely to keep consumer demand muted in 2025: Kantar report | Company Business News
Livemint
·
8m ago
Medial
Market research firm Kantar predicts that demand for goods in India will remain weak in 2025 due to high inflation, which has eroded consumer confidence and real incomes. The urban middle class, once the mainstay of the consumer goods market, has become the smallest demographic group. Consumption in urban areas has slowed more than in rural regions. The report also highlights social and demographic shifts, unpredictable consumer sentiments, and the continued adoption of technology as factors shaping India's marketing landscape. Consumers are prioritizing experiences over purchasing goods, posing challenges to FMCG companies.
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Manufacturing supply chain startup Keychain raises $18 million in funding led by Lightspeed
Economic Times
·
1y ago
Medial
New York-based manufacturing platform Keychain has raised $18 million in a seed funding round led by Lightspeed Venture Partners, with participation from BoxGroup, Afore Capital, SV Angel, and over 20 consumer packaged goods industry professionals. Keychain, founded in 2023, leverages artificial intelligence to connect brands with manufacturing partners, offering services from competitive intelligence to onboarding. The funds will support building the engineering team in Gurgaon and expanding the platform, which plans to open to select retailers and brands in 2024.
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India’s grocery bill reveals a tale of two markets
Economic Times
·
27d ago
Medial
India's FMCG sector shows a rural-urban divide in consumer preferences. Urban shoppers, influenced by inflation and digital access, favor unbranded goods for savings, with an 8.4% volume growth in cities vs. 2.3% in rural areas. Rural consumers remain loyal to legacy brands, prioritizing quality even at higher prices, with 5.1% volume growth. Large FMCG companies adopt dual strategies: digital-first products for urban markets and established brands for rural consumers.
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