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Push on infrastructure, textile to benefit retailers: Experts

Push on infrastructure, textile to benefit retailers: Experts SECTIONS Share Synopsis The focus on ‘Make in India’ and increased custom duties, are also expected to result in promoting domestic manufacturing, improving employment rate, experts said. Getty Images NEW DELHI: The push on infrastructure spends across roads, rural, textile parks and agri-sector support will put more money in the hand of consumers and will drive consumption across categories, experts from retail sector said. In addition, the infrastructure focus will enable companies to expand their rural and urban coverage, further helping drive consumption across the country, enabling the “One India One Market” vision, said Rajat Wahi, partner, Deloitte India.

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Urban demand picks up after 3 quarters; though rural growth still robust

Urban demand picks up after 3 quarters; though rural growth still robust SECTIONS Share Synopsis Since the nationwide lockdown beginning March-end, villages had been driving the overall market growth, outpacing cities which were severely impacted by pandemic-induced disruptions, companies and analysts said. Urban growth, which was higher than rural till last year, fell behind amid the pandemic, with rural India growing 1.5 times faster than cities. Agencies Urban markets, especially modern retailers and supermarket chains witnessed a sharp fall in sales since the Covid-led lockdown in March. Mumbai/ New Delhi: After three quarters of downturn, urban demand has picked up for packaged consumer goods companies riding on stronger growth in discretionary categories and companies regaining their pricing power.

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Bombay HC restrains Sebamed ads across media; next hearing on January 14

FMCG firms may hike prices to offset inflationary pressure on raw material

Consumers may have to shell out more money for their daily use products as FMCG firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it. Some FMCG companies like Marico and others have already gone for price hike, while some which include Dabur, Parle and Patanjali are closely monitoring the situation. FMCG players have been trying to absorb the price increase of raw material inputs such as coconut oil, edible oil and palm oil, but they are unlikely to hold the prices of their commodities for a long time as that will impact their gross margins.

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