Consumer demand in India had taken a beating in the past few months, with people prioritising spending amid high inflation and rising interest rates. Independence Day Sales has set the mood right for the upcoming festive season. Consumers are showing obeisance in their spending potential which is keeping the hopes alive for upcoming BIG DAYS. Higher stocking of products by wholesalers and trade since the end July as compared to the previous months, faster movement of FMCG from wholesalers to kiranas, a reduction in the trade credit period, and strong Independence Day sales all suggest improving consumer spending. FMCG companies are also looking to calibrate price hikes to support consumption ahead of the festive season.
This week’s edition of “Indian Retail at a Glance” highlights How pre-independence companies thrived in independent India. How the FMCG sector is impacted after the plastic ban? And What’s in store for FMCG companies in the festive season?
FMCG companies bet on pet food as ownership jumps in India
Pet food and pet care products have taken off in India with a spike in pet ownership and FMCG players are out to grab a share of this market, which is estimated to triple to $1.26 billion four years from now.
FMCG companies look to calibrate price hikes to support consumption ahead of festive season
Many fast-moving consumer goods (FMCG) companies catering to mass consumption items reported poor sales volumes in the April-May-June quarter. The companies have blamed it on inflation leaving less money in the hands of people for buying goods. Along with this, the delayed rabi harvest has also impacted the showing.
India at 75: These pre-independence companies thrived in independent India
Today, India is a land of opportunities. Global companies, ranging from fast-moving consumer goods (FMCG) to information technology (IT), are working and thriving in this country. For 75 years now, leaders and the citizens of India have worked hard to ensure that the government provides appropriate wealth-generation opportunities to people in business.
Beauty & Personal Care Continue to Drive India's E-Commerce Growth
E-commerce sales volume grew 69.4 percent in FY22 compared to 44 percent in FY21, according to a report by Unicommerce in collaboration with Wazir Advisors. The beauty and personal care category continued to drive this growth, with a 143 percent increase in volumes year-on-year.
Plastic ban: How the FMCG sector is impacted
Plastic carry bags, spoons, plates, glasses, straws, cigarette packs, sweet boxes, candy and ice cream sticks, PVC banners, and other plastic packaging materials are among the prohibited products. This will lead to the closure of businesses that manufacture, supply, store, and market these goods.
Dabur India chairman Amit Burman resigns
FMCG major Dabur on Friday announced that the board has accepted the resignation of Amit Burman as the Chairman with effect from August 10, 2022. Burman will continue to serve as the non-executive director of the company.
Consumer companies' chiefs bet big on festive demand
Chief executives of top consumer goods makers are bullish about the festive season, saying that multiple indicators were pointing to a demand revival.
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