Growth was slower than expected and inflation hit margins. The management said that the fast-moving consumer goods (FMCG) consumption in rural markets was resilient and continued to grow faster than in urban markets.
While activity in the general trade channel was muted, alternative channels like modern trade, e-commerce, and quick commerce delivered stronger growth.
While Home & Personal Care (HPC) is expected to grow in mid to high single digits in Q3FY25, health care is expected to be flat. Beverages will report muted performance - it is facing higher competition due to the rising presence of Campa Cola.
The culinary business under brands 'Hommade' and 'Badshah' may post strong double-digit growth. The international business is also expected to register double-digit growth in constant currency terms, with momentum in the Middle East and North Africa (MENA), Egypt, Bangladesh, and the US. Domestic volumes are likely to be flat year-on-year (Y-o-Y) due to pressure in the general trade channel.
Esta historia es de la edición January 07, 2025 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 07, 2025 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
SIP OF LIFE
How Makaibari, the iconic Darjeeling tea brand, is seeking to brew a touch of lifestyle and heritage in Kolkata and beyond
Lanka power project not cancelled: Adani group
The Adani group on Friday denied the cancellation of Adani Green Energy's (AGEL's) wind power project in Sri Lanka. The group said the tariffs for the project are being re-evaluated as part of a standard process.
Highways Infra Trust eyes ₹25k cr AUM this FY
Highways Infrastructure Trust's growth is set to be fuelled by the infusion of ₹5,500 crore from its key investors -- KKR and Ontario Teachers' Pension Plan (OTPP), said Gaurav Chandra, executive director and joint chief executive officer.
Patanjali recalls 4 tonnes of red chilli powder
Home-grown fast-moving consumer goods (FMCG) company Patanjali Foods on Friday said that it had recalled four tonnes of red chilli powder (200 gm packs) from the market.
GCPL net down 14.2% at 498 cr
Godrej Consumer Products Ltd (GCPL) on Friday reported a 14.24 per cent decline in consolidated net profit after tax (PAT) of ₹498.31 crore in the third quarter ended December 2023, impacted by demand headwinds in India and surge in palm oil prices.
Sebi bars Suumaya’s promoters for fraud
The Securities and Exchange Board of India (Sebi) on Friday debarred four individuals from the promoter group and management of Suumaya Industries for allegedly manipulating markets (Suum) from accessing the market and engaging in fraudulent transactions, and diverting funds.
DFS secretary: Pension fund market needs diversification
The pension fund industry requires greater participation, given the high concentration of assets, Department of Financial Services (DFS) Secretary M Nagaraj said on Friday.
Future shock for India in technology?
A large chunk of its workforce is unprepared as AI, ML become common
Fall in rupee an investment opportunity for NRIs, GCCs
However, experts warn of risks ahead
Tata Electronics acquires 60% in Pegatron India, bags iPhone plant
Tata Electronics announced on Friday its acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited - a subsidiary of Taiwanese electronics manufacturing giant Pegatron Corporation.
