Dubai government’s chief economist (trade and export development) Ashraf A. Mahate said Indian companies are exploring both manufacturing set up with local value addition and re-export of commodities and other FMCG products.
FMCG companies are targeting the mass segment by launching digital first products at lower prices due to the growth of e-commerce. This shift includes companies like Parle Products, Emami, Dabur, and Hindustan Unilever (HUL), driven by the need to reduce online costs and increase volume sales.
The average growth in revenues and net profit over the past five quarters has been 14% and 12% respectively. The revenue and net profit growth for the latest quarter Q3FY24 is 9% and 15% respectively.
Fmcg: Companies like Godrej Consumer Products, Dabur, and Emami said price-led growth will be back for the industry. Dabur said it has just taken a price increase by 2.5% for the food portfolio, while Emami said it is looking at around 3% price hikes this year.