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Synopsis India had a record 12,192 distributors in January this year, a 42% increase from 8,575 a year ago, according to Bizom, a sales automation firm that transacts with 7.5 million retail stores. The increase was driven entirely by the rural market while the dealer count in the cities shrank. iStock The market for daily groceries and household products grew 6.6% in the December quarter, the highest in the past 16 months, according to research firm Kantar Worldpanel. FMCG companies added about 10 distributors on average every day since January last year in an effort to reach consumers directly through their own dealers instead of using wholesalers. ....
Missed year’s target? A good quarter may help Top Searches Missed year’s target? A good quarter may help Namrata Singh / TNN / Updated: Mar 1, 2021, 08:04 IST FacebookTwitterLinkedinEMail MUMBAI: Companies are likely to junk strict annual targets this appraisal season and may favour a more dynamic approach, giving managers the freedom to revisit goals periodically as businesses and the economy recover from the impact of Covid. Many companies had to adjust business targets to account for an unusual year. While performance appraisals will remain transparent and largely target-oriented, what’s changed this year other than the process going virtual is that it has become more flexible and personal development-oriented. ....
Given that many organisations plan to have work-from-home this year as well, the major changes in the process are the evaluation parameters and appraisal outlook, where organisations are more outcome-focused than the number of working hours clocked in. ....
Huhtamaki India Ltd, Marico Ltd, Agro Tech Foods Ltd and Redington India Ltd are among the other losers in the BSE s A group today, 25 February 2021. Huhtamaki India Ltd, Marico Ltd, Agro Tech Foods Ltd and Redington India Ltd are among the other losers in the BSE s A group today, 25 February 2021. Asian Granito India Ltd lost 13.95% to Rs 172.7 at 14:48 IST.The stock was the biggest loser in the BSE s A group.On the BSE, 2 lakh shares were traded on the counter so far as against the average daily volumes of 1.12 lakh shares in the past one month. Huhtamaki India Ltd tumbled 11.94% to Rs 297.95. The stock was the second biggest loser in A group.On the BSE, 1.07 lakh shares were traded on the counter so far as against the average daily volumes of 9167 shares in the past one month. ....
FMCG company Marico expects to deliver mid-teen growth in volume terms in the next couple of quarters helped by strong revival in consumer demand as well as sentiments, and to continue good growth from the rural markets, said a top company official. There has been a decent revival in the urban growth as well, and the company expects modern trade channels, which were not performing well, to start growing in the next financial year. Besides, Marico has a revenue target of Rs 500 crore from immunity and healthy foods for 2021-22, a segment in which it has introduced several new products. ....