The Union Budget is expected to significantly boost consumption, particularly in rural areas, due to its dedicated focus on agricultural schemes and rural development, according to FMCG industry leaders. HUL CEO and MD Rohit Jawa described the budget measures as 'positive,' highlighting that the investment in infrastructure will have a long-term impact on driving consumption. The infrastructure development plan for both urban and rural markets is anticipated to have a dual benefit: creating new income opportunities for rural consumers and enabling FMCG companies to expand and strengthen their distribution networks across rural, semi-urban, and urban areas. This will unlock new markets and opportunities for growth
This week’s edition of “Indian Retail at a glance” shares insightful articles on Budget 2024 and its impact on Indian Retail. How India helps Coca Cola to gain 2% volume growth. How the shopping habit of Indians compelling retailers to adjust the way they deliver orders.
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Budget 2024: Proposed tax cuts to stimulate FMCG and retail sectors
Households may finally have leeway for more discretionary spending. Proposals providing tax relief to the middle class are expected to put more cash in the hands of consumers-and more products in their shopping carts.
FMCG major may see volume-led growth in June quarter
Fast moving consumer goods (FMCG) major, Hindustan Unilever is set to announce its financial results for the June quarter of fiscal year 2025 (Q1FY25) on July 23, 2024.
India helps Coca – Cola to gain 2% Volume Growth
Multinational beverages major The Coca-Cola Company on Tuesday reported a 2 per cent unit case volume growth in the second quarter of 2024 driven by growth in India, Brazil, and the Philippines.
Budget to boost rural consumption, augment consumer purchasing power: FMCG industry
The Union Budget will help drive consumption, especially from rural areas, with its special focus on agricultural schemes and rural development, FMCG industry leaders said.
Quick commerce changes the game: Retail Inc joins Q as India shops by the minute
The shopping habit of Indians is undergoing a change, compelling retailers to adjust the way they deliver orders.
Patanjali Foods’ net profit zooms nearly 200%; revenue falls 8.3%
Patanjali Foods reported slightly lower revenue on a year-on-year basis but net profit was boosted by robust performance of the edible oil business. The company also recently acquired Patanjali Ayurved’s home and personal care business.
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