A lot has happened in FMCG sector this week. From Adani Wilmar Ltd (AWL) dislodging Hindustan Unilever Ltd (HUL) from the position of largest FMCG company of India to Khadi and Village Industries Commission for the first time, has posted a turnover of Rs 1.15 lakh crore, which is unprecedented by any FMCG company in the country. The entire industry is on track to implement go to market strategies with the objective of rural growth.
This week’s edition of “Indian Retail at a glance” highlights on the success stories of leading FMCG brand in India. How How Raw material volatility impacts cost forecasting of consumer goods firms? and the positive side of ONDC that provides a level-playing field to the sellers as well as buyers.
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Adani Wilmar beats HUL to become the largest FMCG company in India
Packaged foods major Adani Wilmar Ltd. reported Rs 54,214 crore revenue from operations for FY2021-22, a 46.2 per cent higher year-on-year (YoY). With this jump in its revenue, from Rs 37,090 crore in the previous year, the consumer goods company from billionaire Gautam Adani's stable has dislodged Hindustan Unilever (HUL) from the top spot in the local fast moving consumer goods (FMCG) market.
Indonesia's ban on palm oil exports a concern but impact to be transitory: FMCG industry
Indian FMCG players, particularly food and snacks manufacturers, have said they are concerned about Indonesia's move to ban exports of crude palm oil, though some of them expect the decision is likely to have only transitory impacts on a short-term basis.
Khadi beats FMCG Companies in India, post turnover of Rs. 1 Lakh Crore
Khadi and Village Industries Commission (KVIC) for the first time, has posted a turnover of Rs 1.15 lakh crore, which is unprecedented by any FMCG company in the country. This makes KVIC the only company in the country to have recorded a turnover of Rs 1 lakh crore.
Empowering Kirana Stores: ONDC debuts, but questions linger
The government’s ambitious neutral, open source, not-for-profit, e-commerce platform, Open Network for Digital Commerce (ONDC), which aims to empower mom-and-pop shops and kirana stores, rolled out on a pilot basis on Friday. However, experts said several challenges lie ahead, which if not addressed properly, may derail the project.
Britannia To Take Calibrated Price Hikes To Manage Profitability, Says MD
Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability.
Raw material volatility impacts cost forecasting of consumer goods firms
Consumer goods firms across categories say it's increasingly challenging to forecast costs due to a volatile raw material movement, which in turn has impacted their ability to adjust price tags.
As heatwaves rise, FMCG firms make hay
Unusually strong heatwaves have come as a boon in disguise for companies dealing in summer products. Manufacturers of air conditioners, refrigerators, juices, soft drinks, and ice creams seem to have a good going, while most parts of the country are scorched by the sun and no respite is seen soon.
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