The urbanisation of the hinterland, following the government focus on developing road connectivity, would help drive growth for the consumer products industry. Sales of daily essentials, groceries and home and personal care items grew 8% in the year ended March 31 while that of electronic products surged 25%, helped by a gradual recovery in the last quarter after a decline or flat growth in the initial few months of the financial year. Technology has played a significant role in transforming the energy retail industry in India in recent times. It has enabled companies in this sector to enhance their operations, streamline their processes, and provide customers with a seamless experience.
This week’s edition of “Indian Retail at a Glance” highlights why Kiranas will survive the corporate blitz. How did rural sales beat urban in February 2023?
How Technology is Driving Transformation in The Indian Energy Retail Industry
One important change that the energy retail industry has witnessed is the use of the Internet of Things (IoT) in fuel delivery. IoT-enabled fuel refuellers and trucks have facilitated real-time monitoring of inventory levels, leading to minimizing wastage.
February rural FMCG sales beat urban in most categories
FMCG (fast-moving consumer goods) categories like home care, packaged foods, branded commodities and personal care have driven the rural sales turnaround in February this year, as the hinterland outpaced urban growth.
Mom-and-Pop Store Day: Why kiranas will survive the corporate blitz
Mom-and-pop stores, the small neighbourhood family-run businesses (or the kirana stores, as we call them in India) put the community in commerce — the warmth of communication on first-name terms, the familiar smell of the merchandise, a bit of haggling, and a little small talk.
Beating HUL, Nestle, Britannia, Dabur: How Mukesh Ambani's Reliance Retail is sending shivers down FMCG giants
With sweeping plays in modern retail, kirana connects, FMCG, apparel brands, in-house financial services, and with revenues closing in on Rs 2 lakh crore, Reliance Retail is sending shivers down the spines of long-time incumbents in these industries. And this is just the beginning.
Reliance Retail hires ex-Amul chief Sodhi to build grocery business
Reliance Retail Ventures (RRVL), the retail arm of Mukesh Ambani's Reliance Industries (RIL), has roped in R S Sodhi, dairy industry veteran and former MD of Gujarat Cooperative Milk Marketing Federation.
CCI approves demerger of Haldiram Group’s FMCG business
The Competition Commission of India (CCI) on Monday gave its nod to the demerger plan of Haldiram Group, one of the country's most popular snacks and sweet makers.
Nestle’s Ching’s acquisition may spice up the Indian FMCG market
Nestle SA., the world’s largest fast-moving consumer goods (FMCG) player by revenue and the parent of Indian F&B major Nestle India is eyeing to acquire an Indian brand - Ching’s Secret. While the company has yet to disclose its plans, the deal, if successful, has the potential to change the dynamics of the local market.
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