After multiple price hikes over months began to hurt sales, companies selling daily household goods such as toothpaste, soaps and biscuits are beginning to offer higher weight for the same price, or discounts on retail shelves
China's fast-moving consumer goods (FMCG) market showed resilience with 3.6 percent year-on-year growth during the first three quarters in 2022, outpacing the nation's gross domestic product growth in the second and third quarters, the first time since 2020, a report showed.
Hindustan Unilever Ltd. is set to expand its nutrition as well as beauty and personal care businesses with two new acquisitions.
The country's largest fast-moving consumer goods maker has cumulatively invested Rs 334 crore in two digital-first start-ups OZiva and Wellbeing Nutrition, it said in an exchange filing on Thursday.
This marks its foray into the Rs 30,000 crore health and wellness market that is "fast-evolving" post the pandemic.
Best Media Info: Speaking at the CII FMCG National Summit 2022 organised by the Confederation of Indian Industry (CII), top FMCG brands emphasised on the importance of social responsibility| Marketing News