Written By Venkata Susmita Biswas As per Euromonitor International, the toys and games industry in India was worth Rs 10,557 crore in 2019 PM Modi had in August urged startups to innovate for the toy sector to boost global imprint of Indian toys. (Representative image) With schools shut and online classes on in full swing, stationery products are finding fewer takers. The pandemic has also adversely affected other categories closely associated with children’s activities, such as such toys, games and hobby products. Categorised as non-essentials, toys and stationery products have registered a sharp decline in sales over the last six…
Written By Mihir Dalal (From left to right) Doug McMillon, CEO of Walmart, which owns Flipkart; Mukesh Ambani, chairman and MD of RIL; Jeff Bezos, CEO of Amazon BENGALURU : Last month, Nimit Jain, an entrepreneur, ordered biscuits, shampoo, toothpaste and other items for his family in Kota. He used JioMart—the new online shopping app by Mukesh Ambani’s Reliance Industries Limited—lured by its low prices and freebies. JioMart was to deliver the order within two days, but Jain’s family didn’t receive the items on time and JioMart didn’t inform Jain about the delay. The delivery was done four days after…
Written By Shruti Venkatesh Reliance Retail now has the bargaining power to challenge India's biggest FMCG firms—HUL, ITC, Nestle—on both margins and market share. FMCG firms won't give in quietly, but RIL's dominance over both the organised and unorganised grocery retail sectors will make it a difficult map to navigate The fast moving consumer goods (FMCG) sector in India is like a giant jigsaw puzzle. There are thousands of brands across dozens of segments. When put together, though, they paint a picture of just a handful of companies pulling all the strings. Take homegrown Hindustan Unilever Limited (HUL). With a…
Written By CHITRA NARAYANAN The sentiment against Chinese products is helping retailers of Korean products in India Tech and media policy professional Prasanto Kumar Roy’s go-to bakeries in Gurgaon are the Korean ones – especially Sibang and Sonya in South Point mall. He says his favourite dessert is Bingsu, a Korean milk and shaved ice sorbet. Roy also often picks up Korean food items from specialty retail stores in Gurgaon. He is not alone. Korean products – from food to cosmetics and toys – are inexorably finding their way into the shopping carts of Indians. So much so that a…
Written By MANU BALACHANDRAN Mattress maker Duroflex is regaining lost ground by ramping up product development, and expanding into new geographies (Clockwise from top) Mathew Chandy, Mathew Joseph and Mathew George of mattress-makers Duroflex Image: Nishant Ratnakar Mathew Chandy knows well the importance of having professionals in a family business. After all, the 42-year-old had already seen the flipside, quite early in his family business. A graduate of the National Law School of India University, Chandy was witness to his 57-year-old family venture, mattress maker Duroflex, reach soaring highs and brutal lows largely as a result of a family feud.…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
