FMCG companies are banking on the October-December quarter for recovery in demand, after a muted September, which saw low to mid-single digit growth, as rural demand was impacted by elevated food prices and below-average rainfall, according to quarterly updates last week by Marico, Dabur and Godrej Consumer Products. The festive season has shifted entirely to the third quarter this year, and will be crucial to revive the sector.
The Norwegian industrial investment giant Orkla ASA has merged its three Indian businesses into one. These business units are MTR, Eastern, and International
Norwegian group Orkla ASA is restructuring its Indian operations into three units - MTR, Eastern, and International Business. The move aims to enhance business capabilities and drive growth. Sanjay Sharma, the CEO of MTR, will lead the business as Orkla India CEO, overseeing the operations of the three units.
Mtr: Sharma said, "Each of our business units is at a different stage of evolution, and under one umbrella of Orkla India, we will have a deep dedicated focus to accelerate their growth.”
FMCG companies are banking on the October-December quarter for recovery in demand, after a muted September, which saw low to mid-single digit growth, as rural demand was impacted by elevated food prices and below-average rainfall, according to quarterly updates last week by Marico, Dabur and Godrej Consumer Products. The festive season has shifted entirely to the third quarter this year, and will be crucial to revive the sector.