$1 Trillion And Counting...
The stewards of India’s rising affluence have created a new record with the elite club of dollar billionaires surging to 185 with a cumulative net worth of $1.19 trillion.
The stewards of India’s rising affluence have created a new record with the elite club of dollar billionaires surging to 185 with a cumulative net worth of $1.19 trillion.
The Budget’s measures are set to reshape consumption patterns and drive growth within the FMCG sector
Volume growth of 6-7% in FY25 from rural consumers is expected; it could be supported by better monsoon benefitting agri production, and hike in MSP farm incomes
With a strategy which seeks to close the gaps left by the big players, India’s mid-sized FMCG companies have found their sweet spot.
Nestlé India observes "uptick" in sales in "RUrban markets" despite challenging environment; declares interim dividend of ₹7 apiece amounting to ₹674.91 cr
Agile and proactive regional brands are giving large FMCG companies stiff competition.
FMCG sector has 13 dollar billionaires, led by Ravi Jaipuria of RJ Corp, followed by promoters of Asian Paints.
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
HUL CEO Rohit Jawa says FMCG markets are recovering gradually, although the operating environment remains "challenging"
While Budget 2023 promises more disposable income, private consumption is unlikely to increase in a hurry.