Devika Singh, Moneycontrol 29 June 2021 Post-COVID, the sanitiser market will shrink considerably and there will be room only for old trusted brands or bulk low margin suppliers, suggest experts. Every one in two urban households are now using sanitisers, as per data from Kantar. The pandemic has triggered a gold rush in the health and hygiene sector, particularly sanitisers – even if temporarily. A severely underpenetrated category in the pre-pandemic period, sanitisers have witnessed massive adoption amongst the consumers since March 2020. According to data from Kantar, annually, before the pandemic struck (March 2019 – February 2020) hand sanitiser…
Written By Venkata Susmita Biswas There has been an uptick in the sales of robotic and upright vacuum cleaners in India Unlike the western markets, the penetration of vacuum cleaners remains negligible in India. Vacuum cleaners — one of the least bought consumer electronics products in India — saw an upsurge in demand in 2020. The burden of juggling household chores and office work due to the pandemic-induced lockdown, and a heightened sense of hygiene, has encouraged more Indians to invest in vacuum cleaners. Xiaomi launched its autonomous vacuum cleaner in India late last year, and Realme is set to…
Written By DEVIKA SINGH The FMCG major in a presentation circulated internally has acknowledged that more than 60 percent of its products do not meet recognised definition of health. NESTLE USA - entrance to headquarters building with sign (Source: ShutterStock) Nestle The spectre of ‘unhealthy foods’ is back to haunt Nestle again, this time globally. One of the largest food companies in the world and the maker of popular brands in India such as Maggi and KitKat has been cast in a negative light after (inadvertently) admitting that it has a large share of ‘unhealthy products’ in its portfolio. If…
Written By Samreen Ahmad Deal done through subsidiary Tata Digital Ltd; green signal from CCI came last month According to a report by RedSeer and BigBasket, India’s e-grocery market is expected to grow from $1.9 billion in 2019 to $3 billion by the end of 2020 After Tata Sons announced the acquisition of BigBasket on Friday, the e-grocery player’s co-founder and Chief Executive (CEO), Hari Menon, said it is going to be business as usual at the company. “Everything is going to be the same and all the founders will continue to be in the company,” Menon said. Cementing its…
Debojyoti Ghosh, Fortune India April 21, 2021 Billionaire entrepreneur Kumar Mangalam Birla-led retailer Aditya Birla Fashion and Retail Limited (ABFRL) has continued its build-up in the ethnic wear market with its fourth deal since 2019 and second this year. In February, the Mumbai-based fashion retailer picked up a 33.5% stake in fashion designer Tarun Tahiliani’s Goodview Properties—that will own and operate the designer’s eponymous couture label—for ₹67 crore. That was a month after ABFRL acquired a 51% stake in Kolkata-based designer Sabyasachi Mukherjee’s company, Sabyasachi Couture, which sells garments, accessories, and fine jewellery, for ₹398 crore. ABFRL, which owns fashion brands…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
