Another tough year for consumer staple companies?
Trending News
1 day, 20 hours ago

Another tough year for consumer staple companies?

Live Mint  

Indian consumer staple companies faced a challenging year in 2024, navigating a landscape of uneven demand. Companies are set to announce their December quarter results, which are expected to reflect price hikes, partially offset by subdued volume growth driven by weak urban demand. “While the return of price hike was a much-awaited welcome step, categories with sharp double-digit price hikes likely witnessed downgrading and even decline in volumes," said a report by Nomura Global Markets Research. Read this | Godrej Consumer’s profit warning intensifies gloom in FMCG sector Dabur India Ltd expects consolidated Q3 revenue growth to be in low-single-digit. “FMCG sector valuations have seen sharp derating in the last three months, considering the muted demand setting and inflationary raw material backdrop," said an Emkay Global Financial Services report dated 3 January.

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History of this topic

FMCG Q3 preview: Rural consumption holds up, but urban slump may weigh on consumer goods companies
2 days, 7 hours ago

FMCG Q3 preview: Rural consumption holds up, but urban slump may weigh on consumer goods companies

Live Mint  

New Delhi: Despite some pockets of resilience in rural markets and price hikes to combat inflation, India’s consumer goods companies faced a challenging third quarter. A delayed winter added to weak urban demand woes and inflationary pressures, and several consumer goods companies are expected to report low single-digit revenue growth and margin contraction for the October-December period. On Monday, Mumbai-based …

A sombre December manufacturing PMI curbs enthusiasm
Trending News
6 days, 19 hours ago

A sombre December manufacturing PMI curbs enthusiasm

Live Mint  

The pace of business activity in India’s manufacturing sector is slowing, dimming hopes for those rooting for a sharp rebound in gross domestic product growth. Read this | New consumption survey reveals the cracks in the economy Remember, pent-up urban consumption demand coupled with a surge in retail credit from banks were among the key factors that led to sharp …

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report
1 week, 6 days ago

Indian economy to grow nearly 6.5% in FY25 amid global triggers, GDP to bounce back in second-half: FinMin report

Live Mint  

India GDP growth: The Indian economy is expected to grow nearly 6.5 per cent in the current fiscal year 2024-25, closer to the lower end of the 6.5-7 per cent projection, against 8.2 per cent a year before, due to global uncertainties and triggers posing a dampening threat. The Finance Ministry expects a gross domestic product growth of 6.5 per …

Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report
Trending News
2 weeks, 1 day ago

Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report

ABP News  

India’s gross domestic product growth is expected to make a comeback in the third quarter of the current financial year, the latest State of the Economy report by the Reserve Bank of India revealed. This revival is being backed by robust festive activity and a consistent upswing in rural demand, the report authored by RBI staff including Deputy Governor Michael …

Godrej Consumer’s profit warning intensifies gloom in FMCG sector
Trending News
4 weeks, 2 days ago

Godrej Consumer’s profit warning intensifies gloom in FMCG sector

Live Mint  

Shares of Godrej Consumer Products Ltd’s plummeted more than 8% on Monday after it warned of weaker margin and volumes for the three months to December. After market hours on Friday, GCPL said its India business is expected to report flattish volume growth this quarter. GCPL’s Indonesia business is expected to deliver mid-single digit volume growth in Q3FY25. Meanwhile, GCPL’s …

ITC, Marico to Britannia: Why are FMCG stocks under pressure today? Explained
Trending News
1 month ago

ITC, Marico to Britannia: Why are FMCG stocks under pressure today? Explained

Live Mint  

Stock Market Today: FMCG stocks came under significant selling pressure on Monday, December 9 as a weak mid-quarter business update from Godrej Consumer Products raised concerns across the sector about demand revival. Indian FMCG companies are currently grappling with twin challenges: rising commodity prices and weak demand from urban consumers, which severely impacted margins in the second quarter. Godrej Consumer …

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?
1 month, 1 week ago

Mint Primer | Slowdown: Time to recalibrate India’s growth story in FY25?

Live Mint  

Why did the Q2 GDP growth surprise? The rapid pace of growth the economy posted just last year suddenly looks distant. The outlook remains weak as the world heads into a potential trade war and slowing global economic growth. The nominal GDP growth in the first half of FY25 is just 8.9%. The economy must grow at over 12% in …

Tiger in retreat? Q2 slowdown dims India's FY25 growth prospects
1 month, 1 week ago

Tiger in retreat? Q2 slowdown dims India's FY25 growth prospects

New Indian Express  

The Indian economy's slowdown fears are here and real. While key growth drivers like agriculture and consumption barely managed to avoid the crash cart, the industrial sector's growth remained thin as a toothpick, even as investments lost some of their bulldog spirit. Within this, agriculture, and allied sectors saw 3.5% growth, as against 2% and 1.7% in Q1, FY25 and …

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll
1 month, 1 week ago

India’s GDP growth likely slowed to a six-quarter low in Q2: Mint poll

Live Mint  

India's economic growth likely slowed to 6.5% in the September quarter, which would be its slowest pace in six quarters, according to the median estimate of 25 economists in a Mint poll. Economists in the poll forecast India's GDP growth would range between 6.20% and 6.85%, with only two of them expecting growth in the September quarter to outpace that …

Urban slowdown: What happened to the Great Indian Middle Class?
1 month, 2 weeks ago

Urban slowdown: What happened to the Great Indian Middle Class?

Live Mint  

Just across the road from the ruins of the massive Tughlaqabad Fort in South Delhi lies a beautifully preserved sandstone-and-marble tomb. India’s biggest fast-moving consumer goods firm Hindustan Unilever, considered a proxy for the domestic consumption story, reported a 3.86% year-on-year dip in the September-quarter profit at ₹2,612 crore, while underlying volume growth stood at 3%, lower than analyst estimates …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month, 2 weeks ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

Volume Growth in Consumer Companies to Recover in FY25
6 months, 1 week ago

Volume Growth in Consumer Companies to Recover in FY25

Deccan Chronicle  

Chennai: Consumer companies are likely to see a recovery in volume growth in FY25 as private consumption picks up with better rural growth. India Ratings expects overall volumes to recover gradually in FY25, led by the rural segment as the staples pack is more rural or mass market focused and the weakness in real wage growth may still be fresh …

Corporate India saw 3.7 pc revenue growth in FY24: ICRA
6 months, 3 weeks ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle  

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

India Inc's Revenue Growth At 4-6% in Q4, Slowest Since COVID-19: Crisil
8 months, 1 week ago

India Inc's Revenue Growth At 4-6% in Q4, Slowest Since COVID-19: Crisil

News 18  

India Inc likely logged a 4-6 per cent revenue growth in January-March 2024, marking the slowest quarterly growth since recovery from the COVID-19 pandemic began in September 2021, according to a report by rating agency Crisil analysing 350 companies. Miren Lodha, senior director of CRISIL MI&A Research, said, “Even with slower revenue growth in March 2024 quarter, corporate revenue is …

Slow consumption growth, fading price increases pull down FMCG stocks
10 months, 1 week ago

Slow consumption growth, fading price increases pull down FMCG stocks

New Indian Express  

NEW DELHI: Slow growth in consumption and the inability of large companies to go for price hikes amid fierce competition from small/regional players is weighing down heavily on fast-moving consumer goods stocks. In the first two months of calendar year 2024, shares of top FMCG firms have fallen 4-19% while the sectoral index – Nifty FMCG – is down by …

Corporate India Revenues Grow Over 3% In Dec Quarter
10 months, 1 week ago

Corporate India Revenues Grow Over 3% In Dec Quarter

Deccan Chronicle  

Chennai: Indian companies reported 3.7 per cent growth in aggregate revenues along with margin expansion in the December quarter. However, this softening of input costs along with operating leverage benefits helped the companies witness an expansion of operating profit margin by 171 bps to 17.2 per cent. Nevertheless, input costs remain elevated over historic levels, and as a result, India …

Q3 GDP Growth Likely to Moderate to 6% Vs 7.6% In Q2 FY24: ICRA
10 months, 2 weeks ago

Q3 GDP Growth Likely to Moderate to 6% Vs 7.6% In Q2 FY24: ICRA

News 18  

The GDP growth in the third quarter ended December 2023, the official data of which is set to be released on Thursday, February 29, is likely to moderate to 6 per cent year-on-year, against 7.6 per cent in Q2 FY2024, according to a report by rating agency ICRA. Aditi Nayar, chief economist and head at ICRA Ltd, said, “Lower volume …

Q3 results: Top 4 Indian IT companies balance caution and optimism
11 months, 3 weeks ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

Q1 Results Review: Earnings growth continues even as revenue slows
1 year, 4 months ago

Q1 Results Review: Earnings growth continues even as revenue slows

Live Mint  

Q1 Results Review: The corporate earnings for the first quarter of FY24 were strong and largely in-line with the street estimates with domestic cyclical sectors such as companies in BFSI and Automobile sectors driving the earnings growth. Among sectors, IT Services companies reported weak performance during the quarter with flattish median revenue growth QoQ in CC, in an otherwise seasonally …

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today
1 year, 5 months ago

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today

Live Mint  

The first quarter earnings for fiscal 2024 are scheduled to begin on Wednesday with two of the top Indian information technology companies, Tata Consultancy Services Ltd, and HCL Technologies Ltd. Anand Rathi Wealth Ltd, Steel Strips Wheels Ltd, 5Paisa Capital Ltd, Hathway Bhawani Cabletel & Datacom Ltd, and National Standard Ltd are some of the non-IT companies that will also …

India Inc's topline growth in Q4FY23 to halve to 10-12%: Report
1 year, 8 months ago

India Inc's topline growth in Q4FY23 to halve to 10-12%: Report

The Hindu  

India Inc. is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency said on Thursday, as companies start reporting their financials. Revenue growth will come down to 10-12% as against 22.8% for the January-March period in the year-ago, Crisil's Market Intelligence and Analytics arm said. Consumer discretionary products such as airlines, …

India Inc's Q3 Margins Increase Sequentially Despite Subdued Revenue Growth: ICRA
1 year, 10 months ago

India Inc's Q3 Margins Increase Sequentially Despite Subdued Revenue Growth: ICRA

News 18  

India Inc’s operating profit margin expanded 180 basis points sequentially to 16.3 per cent q-o-q during the December 2023 quarter despite subdued sequential revenue growth of 1.4 per cent, according to an analysis by ratings agency ICRA. The report revealed expectedly positive revenue trends, with a YoY growth of 17.2 per cent, despite subdued sequential revenue growth of 1.4 per …

Consumer durables could take a while to charge up
1 year, 11 months ago

Consumer durables could take a while to charge up

Live Mint  

For consumer durables companies, the seasonally weak December quarter means financial results would be tepid. View Full Image Graphic: Mint Thus, Crompton Greaves Consumer Electricals Ltd and Orient Electric Ltd’s fans volumes are expected to see pressure in Q3. In Q3, analysts at PhillipCapital estimate a year-on-year revenue growth of 10% and earnings drop of 0.1% for consumer durables companies …

2023 brings hope for FMCG companies
2 years ago

2023 brings hope for FMCG companies

Live Mint  

Fast-moving consumer goods companies faced two main challenges in CY2022. In 2022, as raw material costs spiked in the backdrop of the Russia-Ukraine war, FMCG companies were pushed to take price hikes to cope with the situation. 'Bid to sully India’s tag as pharmacy of the world' 'EVs won’t need sops once market share surges' View Full Image On the …

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers
2 years, 1 month ago

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers

News 18  

India’s Q2FY23 GDP Growth: India’s GDP data for the July-September 2022 quarter will be released today at 5.30 pm. Analysts expect India’s gross domestic product to have grown in the range of 5.8 per cent and 7.2 per cent during the second quarter of 2022-23, which is lower than the previous quarter. Now, in the Q2FY23, manufacturing growth based on …

Contrasting Q2 stories of two tech giants of India
2 years, 2 months ago

Contrasting Q2 stories of two tech giants of India

Live Mint  

Information technology services provider Wipro Ltd’s stock closed 7% lower on Thursday. View Full Image Fall behind Small Indian cinemas take on big Hollywood studios Premium trumps regular in demand for consumer durables How to transfer shares from a demat account to another “Wipro’s turnaround story is faltering," said analysts at Ambit Capital Pvt. Third, “Overall Ebit margin has fallen …

What is the state of the Indian economy today?
2 years, 4 months ago

What is the state of the Indian economy today?

Hindustan Times  

India’s Gross Domestic Product expanded by 13.5% on a year-on-year basis in the first quarter of the fiscal year 2023, largely in line with our projections. GDP growth in the previous quarter was driven by a surge in consumption demand, with private final consumption expenditure surging by 25.9% YoY — this alone contributed as much as 14 percentage points to …

GDP growth projected to spike to four-quarter high 13.0 per cent in Q1 FY2023, says ICRA
2 years, 4 months ago

GDP growth projected to spike to four-quarter high 13.0 per cent in Q1 FY2023, says ICRA

India TV News  

Highlights GDP growth is expected to expand in double digits at 13 per cent in Q1FY23 It's due to low base in contact-intensive sectors following widening vaccination coverage: ICRA Gross value added at basic price in Q1FY23 is projected at 12.6 per cent from 3.9 per cent earlier Business news : GDP growth is expected to expand in double digits …

Hit hard by inflation, FMCG industry reports volume decline in June quarter
2 years, 6 months ago

Hit hard by inflation, FMCG industry reports volume decline in June quarter

Live Mint  

Demand in the FMCG industry remained soft in the June quarter, with major players Dabur, Marico and Godrej Consumer Products Ltd stating that consumers have titrated consumption as unprecedented inflation continued to impact the share of their income available for spending on consumer staples. The domestic FMCG industry continued to be "hit hard by inflation levels" leading to successive price …

TCS, Infosys, HCL Tech: Indian IT Companies' Growth Expected To Pick Up In June Quarter Results
2 years, 6 months ago

TCS, Infosys, HCL Tech: Indian IT Companies' Growth Expected To Pick Up In June Quarter Results

News 18  

Even as the earnings season for the June 2022 quarter starting this week with IT company TCS first declaring its financial results on Friday, analysts said the growth of Indian IT companies is expected to pick up in the first quarter, barring weakness in a few companies due to company-specific events. We expect Wipro to guide for 1-3 per cent …

India’s PC market pushed past four million units in Q1 of calendar 2022: IDC
2 years, 7 months ago

India’s PC market pushed past four million units in Q1 of calendar 2022: IDC

The Hindu  

India’s traditional PC market that comprises desktops, notebooks and workstations delivered another strong quarter during the January to March 2022 period shipping over 4.3 million units with a Year-Over-Year growth of 37.7%, said International Data Corporation on May 19. Bharath Shenoy, Senior Market Analyst, PC Devices, IDC India said, “The consumer segment stayed positive as it witnessed an impressive 27.9% …

Auto component industry likely to clock 8-10% growth in FY23: report
2 years, 9 months ago

Auto component industry likely to clock 8-10% growth in FY23: report

The Hindu  

The Indian auto component industry is expected to clock 8-10% growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers and semiconductor shortage dragging down overall production volumes," …

FMCG firms to stay in the slow lane this year
4 years, 5 months ago

FMCG firms to stay in the slow lane this year

Live Mint  

Market researcher Nielsen now projects India’s packaged consumer goods sales to shrink or remain little changed from last year, slashing its rather optimistic 5-6% growth estimate made on 30 April on hopes that the sector would better withstand the fallout from the coronavirus pandemic. “Despite increased household consumption, even in the dairy sector, overall growth would remain flat for the …

Corporate India's revenue growth hits six-quarter low in Q4 on weak consumer sentiments: ICRA report
5 years, 6 months ago

Corporate India's revenue growth hits six-quarter low in Q4 on weak consumer sentiments: ICRA report

Firstpost  

Mumbai: Weakness in consumer sentiments and softening commodity prices have led India Inc to deliver six-quarter low revenue growth of 10 percent in the fourth quarter of FY19, a report said on Thursday. The revenue growth in consumer-linked sectors was only 3.8 percent in the fourth quarter of FY19 on a year-on-year basis, down from 27.9 percent in the third …

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