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Fast Moving Consumer Goods

FMCG index jumps nearly 2% as heavyweights like Dabur, HUL, and Britannia shine

FMCG index jumps nearly 2% as heavyweights like Dabur, HUL, and Britannia shine

Tue, Nov 29, 2022

The surge in the overall FMCG counters can be attributed to the better volume growth expected by the Street during the October-December quarter of the financial year 2022-23.

Rural push to boost FMCG companies' topline next year: Report

Rural push to boost FMCG companies' topline next year: Report

Thu, Dec 28, 2017

Blaming the challenges in rural markets, low wage growth and a deficient monsoon in FY15 and FY16 for the poor revenue growth, the report said the sector was further bruised with unprecedented events like demonetisation and GST in FY17.

Alibaba goes offline with $2.9 billion stake in China's top grocer

Alibaba goes offline with $2.9 billion stake in China's top grocer

Mon, Nov 20, 2017

Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China`s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

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Johnson & Johnson hit with $247 million verdict in hip implant trial

Johnson & Johnson hit with $247 million verdict in hip implant trial

Fri, Nov 17, 2017

A federal jury in Dallas on Thursday ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay $247 million to six patients who said they were injured by defective Pinnacle hip implants.

IKEA buys 10-acre HUDA plot in Gurugram for Rs 842 crore

IKEA buys 10-acre HUDA plot in Gurugram for Rs 842 crore

Wed, Nov 01, 2017

The Haryana Urban Development Authority (HUDA) today said it sold approximately 10-acre plot to Swiss furniture maker IKEA for around Rs 842 crore in its single largest property auction till date.

Railways accept Amul's proposition to transport butter across India

Railways accept Amul's proposition to transport butter across India

Mon, Oct 23, 2017

Dairy giant Amul today reached out to the Indian Railways on its official Twitter handle with a business proposition to use its refrigerated parcel vans to transport Amul Butter across India.

Fashion trumps FMCG in Q1 FY18 as shoppers flocked to season end, pre-GST sales

Fashion trumps FMCG in Q1 FY18 as shoppers flocked to season end, pre-GST sales

Tue, Sep 05, 2017

Fashion witnessed slight increase in volume in Q1 FY18 while FMCG remained flat.

Plans to include new Domino’s Pizzas makes Jubilant FoodWorks' shares rise over 3% on BSE Sensex

Plans to include new Domino’s Pizzas makes Jubilant FoodWorks' shares rise over 3% on BSE Sensex

Tue, Aug 08, 2017

Jubilant FoodWorks shares jump on announcement of new pizza.

'Fast fashion' segment revenues of Aditya Birla Fashion and Retail triples in Q1 with Forever 21

'Fast fashion' segment revenues of Aditya Birla Fashion and Retail triples in Q1 with Forever 21

Thu, Jul 27, 2017

Aditya Birla Fashion and Retail has been trying to become India's largest fashion retailer for some time now. The company said acquisition of Forever 21 India's rights made a difference this quarter.

RAI writes to FM Jaitley on retailer woes, consumer confusion over GST

RAI writes to FM Jaitley on retailer woes, consumer confusion over GST

Thu, Jul 20, 2017

With the confusions around the newly implemented GST retailers have raised concern over billing and other problems.

Cigarette makers drop as GST Council hikes cess; ITC biggest loser

Cigarette makers drop as GST Council hikes cess; ITC biggest loser

Tue, Jul 18, 2017

The Goods and Services Tax (GST) Council on Monday raised cess rates on cigarettes which will help the government earn Rs 5,000 crore more. Companies that make cigarettes dropped as investors rushed to sell shares.

GST impact: FMCG PAT, revenues to slow down over 2% in Q1FY18

GST impact: FMCG PAT, revenues to slow down over 2% in Q1FY18

Tue, Jul 11, 2017

Result preview of fast moving consumer goods (FMCG) in the first quarter of FY18 will be impacted by the after effects of GST rollout.

Coca-Cola to launch Indian flavours to compete with local brands

Coca-Cola to launch Indian flavours to compete with local brands

Mon, Jul 10, 2017

MNC, Coca-Cola will soon launch new variant of aerated drinks in local Indian flavours to compete with smaller brands.

43 McDonald's outlets ran without valid licence since April

43 McDonald's outlets ran without valid licence since April

Fri, Jul 07, 2017

US fast food chain McDonald's 43 outlets in the national capital operated without valid 'health licences' for nearly three months from April 1, its estranged India partner Vikram Bakshi has alleged.

Reflect price revision post GST via stickers till September 30: Govt

Reflect price revision post GST via stickers till September 30: Govt

Wed, Jul 05, 2017

The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said

Big Bazaar sells Rs 10 crore worth products in two-hour GST Muhurat sale

Big Bazaar sells Rs 10 crore worth products in two-hour GST Muhurat sale

Tue, Jul 04, 2017

Big Bazaar managed to sell Rs 10 crore worth products in a final GST sale that lasted two hours in all of Future Group's outlets.

GST: Retailers Association of India demand tax free packaged foodgrains, simpler invoice formats

GST: Retailers Association of India demand tax free packaged foodgrains, simpler invoice formats

Wed, Jun 28, 2017

Retailers Association of India wrote letters to the government asking them to revise the rates on packaged foodgrains downward to be completely tax free. The retailers body has also asked for simplified invoicing formats and revision of delivery charges under GST.

Nestle plans $20.8 billion share buyback amid Third Point pressure

Nestle plans $20.8 billion share buyback amid Third Point pressure

Wed, Jun 28, 2017

Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.

Store rentals a major factor in pushing retailers towards e-commerce

Store rentals a major factor in pushing retailers towards e-commerce

Tue, Jun 27, 2017

'E-tail' is expected to pick up in India as the cost of renting places in Tier-I cities are expected to shoot up. It has become more economical for retailers to focus on e-tail rather than brick and mortar stores.

Whole Foods shares keep rising in bidding war speculation

Whole Foods shares keep rising in bidding war speculation

Tue, Jun 20, 2017

Whole Foods Market Inc shares added to their gains on Monday after Amazon.com Inc announced plans last week to buy the upscale grocer, with investors betting that rivals could step in to create a bidding war.

Over 50 global retailers to enter India in six months

Over 50 global retailers to enter India in six months

Mon, Jun 19, 2017

Over 50 new retail brands that have tied up with Franchise India may enter India in the next six months investing a total of $300-500 million.

With Whole Foods, Amazon on collision course with Wal-Mart

With Whole Foods, Amazon on collision course with Wal-Mart

Sun, Jun 18, 2017

When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment - the world`s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete.

GST to mask real growth trends in FMCG, says Credit Suisse

GST to mask real growth trends in FMCG, says Credit Suisse

Sat, Jun 17, 2017

Goods and Service Tax (GST) regime sited to come into effect in another two weeks will be a game changer for India in many ways, however analysts say that growth trends comparison will become harder to read.

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