Fmcg Sector
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No harm in disputing IMF projections on India, but cannot ignore hard realities on growth front
Dinesh Unnikrishnan123 •In January 2019, IMF’s forecast for India was 7.5 percent. This was revised down to 7.3 percent in April, further down to 7 percent in July, 6.1 percent in October and now to 4.8 percent.
FMCG sector to expand at 9% in current year, growth to improve next year: CRISIL report
•The Rs 4-lakh crore FMCG sector will close fiscal 2020 with a 9 percent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 percent in fiscal 2021, a report said on Tuesday
Govt should provide more stimulus; lower personal income tax to boost slowing growth rate of economy: Adi Godrej
•The government should provide more stimulus to the industry and bring down personal tax rates to boost slowing growth rate of the economy, Godrej Group Chairman Adi Godrej said on Thursday
Economic slowdown: It is not a doomsday scenario for FMCG sector, says Marico MD and CEO Saugata Gupta
Fp Staff •Gupta said that while the category growth has gone down in rural areas due to consumption stress, large brands with direct rural distribution may be consolidating market shares
Economic slowdown: Narendra Modi reviews situation, asks Nirmala Sitharaman to come up with plans to spur jobs, beat slump
Fp Staff •The prime minister asked the finance minister to streamline ideas to spur jobs and submit a report on the ongoing economic slowdown.
Dip in rural demand to slow FMCG growth rate around 9-10% in 2019: Nielsen report
•The FMCG sector in India will face a slowdown in 2019 with a growth rate of around 9-10 percent impacted by a dip in demand, particularly the rural, according to a report
Budget 2019: FMCG sector disappointed over lack of big announcements to revive consumption; govt measures for rural push give some hopes
Rajeshwari K •Other FMCG products such as soap, toothpaste and hair oil now come under 18 percent tax bracket against the previous 23-24 percent rate.
Retail, FMCG to add 2.76 lakh new jobs in April-September FY20; entry of foreign retail giants key driver of job growth
•With 27,560 new jobs Delhi will top the list in retail followed by Bengaluru with at 22,770 new jobs, TeamLease Services biannual 'Employment Outlook' report said
Grofers to enter FMCG segment with revenue target of Rs 2,500 cr by FY19; aims to bring 100 million customers to its platform
•Grofers closed FY 18 with Rs 950 crore of sales and is targeting for a stronger growth trajectory in 2019, with a 50% contribution from its private brands
Hindustan Unilever's Q1 net profit rises 19% to Rs 1,529 crore; total income stands at Rs 9,622 crore
•Crude volatility and currency-led inflation are key risks going ahead, Hindustan Unilever Chairman and Managing Director Sanjiv Mehta said