FMCG
Trusted names, new game: India's FMCG giants reload old guns for changing tastes
India's FMCG companies are expanding into new product categories by leveraging the trust associated with their established brands. Hindustan Unilever has launched Horlicks Protein Powder, targeting consumers seeking protein-rich products. Emami is introducing new products across baby care and specialized scalp care under its existing brands. Marico has entered the shampoo market with Parachute Advansed Protein Shampoo, capitalizing on its hair-care equity.
FIIs turn buyers in IT, telecom stocks in second half of October ahead of Diwali
Technology stocks in India are seeing increased interest from foreign institutional investors as Diwali approaches. After struggling in the first half of October, the IT and telecom sectors have gained attention. Foreign portfolio investors made significant net purchases of Indian equities in late October. This upward trend follows substantial selling earlier in the month. The shift highlights a renewed focus on technology investments within the Indian market.
Britannia looks beyond biscuits, turns to regional tastes and festive campaigns to drive FMCG growth
Britannia Industries is focusing on localised marketing to resonate with diverse Indian consumer preferences. The company has launched festive campaigns and brand activations targeting specific regional occasions. Britannia reported a year-on-year sales increase of 16.6% to Rs 5,542 crore for the September quarter. Their growth strategy involves expanding beyond traditional biscuits into bakery and adjacency products. The approach aims to sustain competitive growth amid rising competition from smaller local brands.
Britannia Industries Q2 Results: Profit rises 11% YoY to Rs 726 crore, revenue grows 16%
Britannia Q2 Results: FMCG major Britannia Industries on Thursday reported a 10.8% year-on-year (YoY) increase in consolidated net profit to Rs 726 crore for the September quarter of FY27 (Q2FY27), compared with Rs 655.06 crore in the corresponding quarter of the previous fiscal.
Big FMCG companies outgrow market as smaller rivals get squeezed by costs and slowing rural demand
India's fast-moving consumer goods sector has experienced a slowdown in volume growth amid rising costs. Rural demand has weakened, impacting smaller regional manufacturers while larger companies thrive. Hindustan Unilever, Marico, and other major firms reported robust growth figures. Smaller players are particularly vulnerable due to their limited capacity to manage current challenges.
Emami bets on brand extensions to enter newer consumer categories
Emami is leveraging its established brands like BoroPlus and Kesh King to enter new consumer segments. The company has launched the FromMaa range for baby-care and Kesh King Scalp First for scalp-care. Both product lines are introduced through modern trade and e-commerce channels. Additionally, Emami's strategic investments in newer consumer businesses have shown significant growth recently. These initiatives help diversify the company's portfolio and reach a wider audience.
Digital brands, premium FMCG to drive ITC's growth ambitions
Amid challenges in its cigarettes business, ITC is focusing on expanding its non-cigarette offerings. The FMCG segment has shown significant growth, leading to an improved product mix and margins. Digital-first brands such as Yoga Bar and Prasuma have also reported strong revenue increases. The paperboard and agri businesses are benefiting from rising demand and exports of value-added products.
Dabur Global CEO Malhotra resigns, as leadership churn in legacy FMCG companies continues
Mohit Malhotra, Dabur's global CEO, has resigned. The move cycles continued churn in top-tier legacy FMCG leadership, amid uneven demand trends, intense competition from regional and digital-first rivals, inflationary trends and a volatile geopolitical environment.
Dabur India Q2 Results: Profit rises 12% YoY to Rs 506 crore, revenue up 12%; co declares interim dividend of Rs 3.50/share
Dabur India reported an 11.7% year-on-year rise in Q2FY27 net profit to Rs 505.5 crore, while revenue grew 11.6% to Rs 3,563.1 crore. Growth was driven by food, beverages, premium brands and international markets.
ITC shares jump 6% in two days after Q2 results. More upside ahead?
ITC shares rose to Rs 283.5 apiece on NSE on Wednesday morning, the highest level seen by the stock in nearly three months. The stock has now recovered more than 12% in five sessions after hitting a 52-week low of Rs 253 apiece in late October.
Market wrap: BSE, Nestle India, Power Grid, SBI top gainers and losers on Nifty and Sensex on Tuesday
Indian markets extended gains as the Sensex surged 1,225 points and Nifty climbed 370 points. Falling crude prices, softer US Treasury yields and FII buying boosted sentiment, with FMCG and realty stocks leading the broad-based rally.
Corporate India's white-collar hiring rises 14% in October, led by manufacturing
Corporate India's white-collar hiring showed a 14% increase in October compared to the previous year. Notably, production and manufacturing roles experienced a significant growth of 39%. The demand for AI/ML skills also remained strong, leading to a 32% increase in hiring. Various sectors such as automobiles and BPO/ITeS witnessed substantial hiring increases as well. Overall, metropolitan areas like Hyderabad and Pune led in job growth during this period.
ITC shares rise 2% after Q2 results. What are Jefferies, Nuvama and others saying?
ITC shares gained 2% despite an 18.5% year-on-year decline in Q2 net profit, as higher taxes and falling cigarette earnings weighed on profitability. However, its FMCG business delivered strong growth. Jefferies, Nuvama, Emkay and DAM Capital remain positive on the stock, with target prices ranging from Rs 300 to Rs 355.
Marico shares jump 6% as strong Q2 puts growth story in overdrive, sparks bullish calls
Marico reported a 31% YoY rise in Q2 FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. Improved margins and strong volume growth prompted brokerages Jefferies, Systematix and Dolat Capital to maintain or upgrade Buy ratings and raise target prices, signalling optimism about growth prospects.
India's urban shoppers spend 13% more on FMCG but shop less often
India's urban shoppers are increasing grocery spending while making less frequent trips, reflecting higher prices' impact. Online sales are rising sharply, driven by new households entering the market and increased shopping occasions. In contrast, traditional kirana stores still hold a significant market share despite a slight decline. Personal care products are the fastest-growing category with notable value sales increases.
ITC flags illicit trade pressure on cigarettes; digital-first businesses grow over 70%
ITC Ltd has reported a significant increase in its digital-first and organic FMCG portfolio, achieving over 70% year-on-year growth. However, the company is facing considerable pressures due to rising illicit cigarette trade and increased taxation impacting legal volumes. The fresh food segment has also expanded significantly, reflecting ITC's focus on organized markets. Additionally, challenges in West Asia have disrupted agricultural exports, although value-added products showed better performance.
ITC Q2 Results: Profit falls 18% to Rs 4,229 crore, revenue rises 5%
ITC Q2 Results: ITC Ltd reported an 18.5% decline in consolidated net profit for the September quarter on Monday as a sharp fall in earnings from its cigarette business weighed on overall profitability despite strong growth in its FMCG, agriculture and paper businesses.
Mold-Tek Packaging shares surge 17% as Q2 FY 27 profit jumps 35% YoY to Rs 21 crore
Mold-Tek Packaging shares surged nearly 17% after the company reported a 35.5% YoY rise in Q2 FY27 net profit and 30.5% revenue growth. Strong pharma and FMCG packaging volumes supported performance, while new product launches and expansion plans strengthened its growth outlook.
ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some support against the pressure.
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