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.
FMCG companies reported muted performance in Q3FY24 due to sluggish rural demand and increased competitive intensity, affecting overall volume growth. Amid this environment, let s analyse between ITC and Hindustan Unilever (HUL), which stock has better long-term investment opportunities.
Sanjiv Bhasin recommends Bata and Patanjali in the FMCG space due to the positive growth of rural incomes. He discusses Hindalco s subsidiary, Novelis, considering an IPO in the US and comments on the potential deal and volatility surrounding Zee. He also emphasizes the importance of work-life balance and contrarian investing in the retail-driven market.
Prime Minister Narendra Modi will attend the golden jubilee celebrations of GCMMF and inaugurate five projects worth Rs 1,200 crore. The event will be held at Narendra Modi Stadium in Motera, Ahmedabad. GCMMF s vision for the next 25 years will also be discussed.
FMCG: Leading consumer goods companies like Britannia, Dabur, Amul, and Parle are restricting sales to organized wholesalers like Flipkart Wholesale, Udaan, and Reliance Cash and Carry to avoid margin issues and cannibalization by traditional distributors. This helps them reach the vast network of kirana stores in India.