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Gulf war fuels raw material inflation, FMCG firms shift to daily pricing strategy
In light of the Gulf War, consumer goods sectors are battling unprecedented rises in raw material costs. Firms are now implementing daily price surveillance and tightening their budgets dramatically. We are witnessing price hikes across a spectrum of products, potentially jeopardizing the fragile consumer spending recovery initiated by recent tax reductions.
Iran war: HUL hikes prices of Dove, Pears, Surf, Red Label
Hindustan Unilever Limited has increased prices for its soap products. This move is a response to escalating costs of raw materials and packaging. The price hikes, ranging from Re 1 to Rs 20, are being passed on to consumers. This development could potentially delay a much-needed revival in consumer demand. FMCG companies were hoping for a boost from GST cuts.
Nearly 35% of urban consumers in India admitted to having bought fake products in the last year: Report
A recent report reveals a significant rise in fake products across India, with nearly 35% of consumers encountering them last year. Apparel, FMCG, and automotive sectors are heavily impacted. While price is a factor, consumers are increasingly willing to pay more for genuine goods and demand greater awareness campaigns to combat this growing challenge.
Mint Explainer: Why Reliance is betting on legacy regional brands to build its FMCG empire
Reliance Consumer Products is expanding by acquiring regional legacy brands rather than digital-first startups. The strategy taps loyal local customer bases and plugs them into Reliance’s vast retail network to scale nationally.
Tata Consumer Products shares rise 7% to all-time high on upbeat revenue forecast
Brokerages remained positive on the Tata group FMCG firm's outlook, citing volume-led growth, improving distribution and expansion in emerging channels.