Skip to main content

Rise in Sales of FMCG by 21% in Festive Season



In the time of the festive season in India, according to Bizom a sales automation firm, a 21% growth is seen in India’s consumer goods market in October compared to last year especially with packaged food, commodities, and discretionary categories and the growth rate in this segments was in between 13% to 35%  but 

homecare sales were slowed, some of the reasons for this growth increase in the number of uptake in vaccinations, increased mobility to socialize and above all the people want to celebrate the festival.

FMCG's sales growth rate was 5.4% in October over September this year.

(Source: The Economic Times)

Comments

Popular posts from this blog

The Asian Paints Price Hike Stroke

This paint business, which was once a stock market favourite, hasn't had a fantastic year. While the Sensex has increased by more than 50%, Asian Paints has only increased by 30%. The Synopsis Asian Paints, the world's largest paint manufacturer, has raised prices by just 3% a year for the past 20 years. That's correct, despite the fact that we've had to cope with out-of-control inflation everywhere, paint costs have never been an issue. The corporation, on the other hand, has finally rolled up its sleeves and is getting down to work. Asian Paints, the industry leader, is raising prices by 7–10 percent starting November 12th. Yes, it's advising everyone to spruce up their homes before Diwali. But, you may wonder, why the abrupt change of heart. Of sure, earnings are important. Sales increased by 32% year over year, from Rs 5,350 crores to almost Rs 7,000 crores, according to the company's latest figures (July-September). However, its net income dropped by 28%, f...

SEBI's New Guidelines : How will it help Investors?

The Synopsis In view of the rising number of Initial Public Offerings (IPOs) flooding the public markets, the Securities and Exchange Board of India (SEBI) has produced a consultation paper. In recent years, the markets have seen three major trends: large-cap IPOs, many technology company listings, and a rise in the number of offers for sale compared to new stocks issues. The SEBI is primarily concerned with concerns that arise as a result of these three tendencies. Companies will be required to provide more disclosures. When a business needs more funding, it will issue more stock shares to investors. Companies must describe how the cash will be used in this situation. Asset-light technology enterprises, on the other hand, do not need funding for typical capital expenditures such as the construction of factories, showrooms, or other traditional capital expenditures. Instead, these organisations put their money towards things like client acquisition, brand promotion, expanding into new ...

Live Commerce : A brief Understanding (A Myntra's Gamble)

The Synopsis Is it possible that the ease of shopping for garments online will persuade Indians to abandon the "try-before-you-buy" mentality? That was the wager made by Myntra in 2011. It has just shifted its focus from customised gifts to fashion. And it was successful. Myntra became India's top online fashion platform in only a few years. Flipkart came knocking in 2013. It wants to expand its fashion portfolio, so it bought Myntra. Myntra, on the other hand, continued to iterate. It transitioned from an inventory-led approach, in which they purchased garments from manufacturers before reselling it, to a marketplace one, in which over 3000 businesses could utilise the Myntra platform to present their offerings to buyers. It collaborated with Bollywood stars such as Hrithik Roshan to promote unique products (HRX). Mast & Harbour are two of its own private label brands. To further build its Bollywood cred, it teamed with superstars such as Deepika Padukone (All About ...