India's decision to ban certain single-use plastic (SUP) items is expected to have minimal impact on the financials of listed entities in the fast-moving consumer goods (FMCG) sector. Cigarette companies, having already transitioned to biodegradable plastic wraps, are unlikely to experience any significant incremental impact. The COVID-19 lockdown forced retailers and FMCG manufacturers to rethink their consumer outreach strategies, particularly as demand for everyday essentials remained high.
This week’s edition of “Indian Retail at a glance” shares insightful articles How plastic ban have a minimal impact on FMCG firms? Covid-19 is accelerating consumer shift towards online? ‘Why Mukesh Ambani and Mark Zuckerberg love kirana stores?
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Plastic ban to have minimal impact on listed FMCG firms
A possible extension of the ban to other single use plastic items such as sachets, pouches, wrappers and laminated tubes in the medium term could impact volumes or profitability of many consumer good categories, especially for the lower-priced stock keeping units.
Covid-19 is accelerating consumer shift towards online, say top FMCG co
The covid-19 pandemic is accelerating a consumer shift to online in a big way, the country’s top consumer goods companies and retailers said on Wednesday, even though they maintained that India will continue to see several retail formats co-exist.
PV Sindhu becomes the face of Greenday
P V Sindhu announced her investment and brand ambassadorship with Greenday's 'Better Nutrition’ brand, which aims to combat micronutrient deficiencies in India through biofortified foods.
Godfrey Phillips India Limited Announces Annual Results Showcasing a Strong Performance and Reaffirming its Trajectory of Robust Growth
GPIL reported a solid financial performance for the fiscal year 2023-24, reflecting its strategic focus and operational effectiveness. The company achieved a notable increase in consolidated revenue, reaching Rs 5305 Cr driven by a strong market presence. Consolidated Net profit for the year rose to Rs 884Cr bolstered by sales growth, effective cost management and increasing unmanufactured tobacco export.
Why Mukesh Ambani and Mark Zuckerberg love kirana stores
The covid-19-induced lockdown has, ironically, given the mom-and-pop stores a new lease of life while hitting e-commerce platforms. The two companies now want these small merchants andku kirana stores to provide their products and services to end consumers, which number in billions, by transacting through Reliance's JioMart using Facebook's WhatsApp.
Kirana Club targets 5 times growth next year
Kirana Club, which connects kirana stores with FMCG companies online, plans to grow business five times next year by expanding its footprint and adding new clients.