FMCG industry bounces back with 7.3% growth in October-December
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FMCG industry bounces back with 7.3% growth in October-December
John Sarkar / TNN / Feb 16, 2021, 21:55 IST
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NEW DELHI: Marking a gradual return to normalcy, India’s fast moving consumer goods (FMCG) industry bounced back with a growth of 7.3% in the October-December quarter on the back of festive buying, strong rural demand and a recovery in economic activity, showed a latest study.
This is the highest volume and value growth witnessed by the industry in 2020, during which businesses across India bore the brunt of Covid-related lockdowns.
“With the Covid fears receding and mobility improving, we reported a stellar performance during the third quarter of 2020-21 (October-December) with strong revenue and profit growth,” said Mohit Malhotra, CEO at Dabur India.
MindRush 2021: How companies rebuilt businesses amid Covid-19 crisis
How different industries fared amid the pandemic? CEOs discuss rebuilding businesses on Day 2 of Business Today MindRush 2021
Manoj Sharma | January 23, 2021 | Updated 15:31 IST
(From left) Suresh Narayanan, CMD, Nestle; Ravinder Takkar, MD & CEO, Vodafone Idea; and Patu Keswani, CMD, Lemon Tree Hotels
Lockdown hit some industries very badly. While some companies gained, some were hit severely. Some saw demand rising soon after the lockdown in March 2020 and taper off later. So to see how different industries fared amid the pandemic, CEOs discussed rebuilding businesses on Day 2 of BT MindRush 2021.
On the destruction Covid-19 infused lockdown caused to the hotel industry, Patu Keswani, CMD, Lemon Tree Hotels, said he didn t anticipate it to be so terrible earlier in February. But in March, we took a lot of steps to stop revenue destructions. We have a plan for events like this. In our response to this
India Inc captains take lessons in leadership from Boys in Blue
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Synopsis India Inc CEOs are drawing several lessons in leadership and team performance from the Indian cricket team’s historic win over Australia in Brisbane, as they navigate a challenging business environment amid the pandemic.
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Indian players celebrating after beating Australia in the 4th test. India also won the series 2-1
Mumbai: India Inc CEOs are drawing several lessons in leadership and team performance from the Indian cricket team’s historic win over Australia in Brisbane, as they navigate a challenging business environment amid the pandemic.
Business Today MindRush 2021: Top corporate honchos to discuss state of economy, the way ahead
Business Today MindRush 2021: Bharat Biotech s CMD Krishna Ella will discuss the future of healthcare post-COVID with Thyrocare MD A Velumani and Public Health Foundation of India President Srinath Reddy on day one of the event
BusinessToday.In | January 22, 2021 | Updated 11:05 IST
Business Today MindRush will held on January 22 & 23
The who s who of corporate world will come together at the Business Today MindRush 2021 on 22-23 January to discuss the state of economy, global pandemic and the way ahead.
Former Niti Aayog Vice-Chairman and economist Arvind Panagariya will speak on how to kickstart the economy disrupted by the pandemic, while Hindustan Unilever CMD will give his views on navigating the business through chaos and confusion.
Organic BPS announces Second Purpose Roundtable
January 13, 2021 The Kochi based Organic BPS, a Purpose Branding Company, will host the Second Purpose Roundtable on January 15, featuring Suresh Narayanan, Chairman & Managing Director Nestle India, and Arun Maira, former Planning Commission member & former Chairman Boston Consulting Group. They would discuss the theme ‘Higher Purpose of Business – Transcending CSR.
Ít had launched a Centre for Higher Purpose in Business to promote the philosophy – Doing Good is Good Business on the occasion of its 21st anniversary.
Dileep Narayanan, Founder and Brand Mentor, Organic BPS, said that the Centre for Higher Purpose in Business (CHPB), a global community of thought leaders from business, consulting, and academia would evolve a body of knowledge through co-creation of insightful ideas. The Purpose Round Table, a series of thought leadership conversations, would be the centre’s first initiative.