India is a rapidly developing economy, and the consumer goods industry plays a vital role in its growth. With a diverse range of companies vying for market share, the Indian consumer goods market is highly competitive and constantly evolving. In the year 2023, it is predicted that the top 20 consumer goods companies in India will continue to dominate the market with their innovative products and consumer-focused strategies. These companies have demonstrated their ability to adapt to changing market conditions and consumer preferences, ensuring sustained growth and profitability. Their commitment to quality, affordability, and customer satisfaction has helped them establish a loyal customer base and maintain their market leadership.
This week’s edition of “Indian Retail at a glance” highlights Top 20 Best Consumer Goods Companies in India 2023. How FMCG will win back rural ground?
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P&G India’s Sharat Verma on the Premiumization of the FMCG sector
Procter and Gamble (P&G), the company behind brands including Gillette, Ariel, Pampers, Whisper, and Pantene, is an advertising mammoth that produces thousands of new ads in a year. As per TAM AdEx, P&G was among the top 10 advertisers on television in 2022.
Top 20 Best Consumer Goods companies in India 2023
India is one of the fastest-growing economies in the world, and the consumer goods industry is a significant contributor to its growth. The Indian consumer goods market is highly competitive and dynamic, with a diverse range of companies competing for market share. In 2023, these top 20 consumer goods companies in India are expected to continue their dominance in the market.
Winning back lost rural ground
More than two years after the lockdown struck, the fast-moving consumer goods category is on the road to recovery, even as the pressure of inflation continues. According to the report, the rural market contributes around 35 per cent of the total FMCG sales. Hence, winning back the lost rural ground is of vital importance, feels Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd.
Bagrrys appoints Jayant Kapre as CEO
Packaged foods company Bagrrys India Private Ltd on Thursday announced the appointment of Jayant Kapre as the company’s managing director and chief executive officer.
Markets slippery, companies struggle to protect margins
During the third quarter of financial year 2023, sectors like auto, FMCG and industrials saw improvement with healthy margin expansions, with other segments indicating a wide divergence in margin recovery.
Wow Momo appoints Mithun Appaiah as CEO of its FMCG vertical
Mithun Appaiah has been appointed as the chief executive officer (CEO) of Wow Momo, as per his linkedIn profile. In this new role, Appaiah will be responsible for creating a wow consumer brand vertical in the FMCG space with a focus on innovation, disruptive growth focus and profit-centricity.
P&G to bring more health and wellness products
P&G India is evaluating bringing more nutraceutical and wellness products into India as the pandemic has led to a jump in demand for such products.
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