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FMCG makers keeping close watch on softening commodity prices; may extend some benefits
Softening of commodities prices will help the FMCG firms in improving their profit margins and also some elbow room to pass on the benefits to consumersNew Delhi: Leading FMCG companies say they are keeping a close watch on...
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FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases
PTI -
In the September quarter, FMCG companies reported a price-led growth in their top line. While in some segments, FMCG makers such as Britannia, Dabur and Nestle have reported volume growth as wellNew Delhi: The FMCG industry expects an improvement in...
Food
Nestle hopes to reach 1.2 lakh villages in next 2-3 years
With focus on fast-growing rural market, FMCG major Nestle has plans to reach around 1.2 lakh villages with each having population of over 5,000 over the next two-three years, supported by distribution expansion and some portfolio tweaking, its Chairman & Managing Director...
Big Grid
How retail can accelerate vaccinations and return to normalcy
“So, launching Wheel powder, is really sweating blood,” opined Dr. Ashok Ganguly, the Chairman of Hindustan Lever in 1989, as we worked through the tiny lanes of Dharavi. We had spent the entire day, working 35 shops in this...
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Nestlé’s €3.58bn plan to halve carbon emissions by 2030 suggests overall industry shift
According to Ryan Whittaker, Consumer Analyst at GlobalData, a leading data and analytics company: “Nestlé’s ambitious plans reveal how pervasive environmental issues have become in the corporate and consumer world. In fact, GlobalData’s most recent surveys suggest that the COVID-19 pandemic...
Food
Nestle India witnesses growth in smaller markets amid pandemic
IANS -
Nestle India witnessed a change in consumption trend amid the COVID-19 pandemic as demand growth in small towns and rural areas outperformed those in the Tier-I cities, said the company's Chairman and MD, Suresh Narayanan.
"Smaller towns have become the...
Food
Nestle India's Jul-Sep net profit falls 1.4 pc, revenue rises
IANS -
Nestle India on Friday reported 1.37 percent decline in its net profit, on a year-on-year basis, for the July-September quarter, at Rs 587.09 crore.
During the corresponding period of the last financial year, it had reported a net profit of...
Food
Nestle registers single-digit growth in Indian market for Jul-Sep quarter
Swiss food and drink company Nestle has reported a ‘mid-single-digit growth’ in the Indian market in the July-September quarter, helped by its popular brands Maggi, Nescafe and KitKat. Overall, the South Asian market has “continued to perform well,” Nestle...
Food
COVID-19: Nestle says consumer behaviour changing, essentials ‘taking precedence’ over luxury
The COVID-19 pandemic has brought a major shift in consumption patterns among consumers as necessary purchases are taking precedence over luxury spending, Suresh Narayanan, Chairman, Nestle India said.
According to a PTI report: Stating that the coronavirus crisis has witnessed...
Food
Nestle India to focus on core categories to explore growth opportunities: Suresh Narayanan
Food and nutrition major Nestle India plans to focus on core categories, including milk and nutrition, chocolates and confectionery and coffee and beverages to explore growth and expansion opportunities in these segments, a top company official said.
According to a...
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Phoenix Palladium, Mumbai welcomes 4 new brands
The newly launched brands include Lifestyle, Celio, Ecco, and San-Cha Tea Boutique Bengaluru: Phoenix Palladium Mall in Mumbai, operated by...
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