Year-Ender 2023: The Indian equity market witnessed a roller coaster ride in 2023, weathering storms like record FII outflow and the Adani-Hindenburg saga. Despite these headwinds, the market ended the year on a positive note, thanks to a late-year IT stock rally and the BJP s state election wins.
Overall sales of apparel and electronic products have been languishing for over a year now, while those of mass-segment electronic products have been low since the pandemic outbreak. According to researcher GfK, there was a slight pick-up in mass segment during Diwali.
HUL, the owner of well-known brands like Lux, Lifebuoy, Surf Excel, Rin, Pond s, and Dove, has made changes to its margins for distributors. The company has decreased the fixed margin by 60 basis points, while increasing the variable margins by 100 to 130 basis points. This decision has faced opposition from the All India Consumer Products Distributors Federation (AICPDF), who have expressed concerns about the timing of the move and the slow growth in sales volumes. They are even considering taking measures like stopping purchases in response to this change.
HUL, the owner of well-known brands like Lux, Lifebuoy, Surf Excel, Rin, Pond s, and Dove, has made changes to its margins for distributors. The company has decreased the fixed margin by 60 basis points, while increasing the variable margins by 100 to 130 basis points. This decision has faced opposition from the All India Consumer Products Distributors Federation (AICPDF), who have expressed concerns about the timing of the move and the slow growth in sales volumes. They are even considering taking measures like stopping purchases in response to this change.