URBAN MARKET
NBCC completes sale of commercial space in Delhi, generates Rs 14,800 crore
NBCC has successfully sold commercial space worth Rs 14,800 crore at its World Trade Centre project in Nauroji Nagar and Sarojini Nagar Downtown, New Delhi. This revenue will facilitate the completion of the redevelopment of seven Delhi colonies. Notably, both PSU and private entities have acquired sizeable portions of the commercial space.
Urban Vault leases 1 lakh sq ft of prime office space in Brigade Summit, Whitefield, Bengaluru
Urban Vault has leased 100,000 sq ft of office space in Bengaluru's Whitefield to expand its managed co-working operations. The new facility will accommodate over 2,000 desks. Urban Vault currently operates over 20 lakh sq ft of office space and plans to enter Pune, Gurugram, and Hyderabad markets by FY25.
BCD Group appoints Ashwinder R. Singh as VC and CEO to drive strategic expansion
BCD Group has appointed Ashwinder R. Singh as Vice Chairman and CEO, elevating Angad Singh Bedi to Chairman and Managing Director. Singh brings 27 years of real estate expertise, including leadership roles at Bharti Urban and JLL. He will focus on residential and integrated township development along with reinforcing BCD Group's core competencies.
BCD Group appoints Ashwinder R. Singh as VC and CEO to drive strategic expansion
BCD Group has appointed Ashwinder R. Singh as Vice Chairman and CEO, and Angad Singh Bedi as Chairman and Managing Director. With over 27 years of experience in the real estate industry, Singh aims to drive growth in residential and integrated township development while enhancing core competencies.
Vehicles may be polluting more than you think despite passing PUC tests
The International Council on Clean Transportation reported that Indian vehicles, including those compliant with BS VI norms, emit more pollutants in real life than in controlled environments. The study used remote sensing technology to measure emissions, highlighting significant gaps in the Pollution Under Control certification process and suggesting improvements like remote sensing to better assess vehicle emissions.
Siddaramaiah played a part in wife getting plots in Mysuru, says Kumaraswamy, releases official notes
Union Heavy Industries & Steel Minister HD Kumaraswamy presented official notes at Mysore Urban Development Authority supporting his claim that CM Siddaramaiah was involved in his wife receiving 14 MUDA plots in Mysuru. The notes revealed the CM's wife requested alternative plots, contradicting the CM's claims. The CM's wife rejected offers of compensation or alternative plots, demanding a specific plot. Kumaraswamy urged the CM to review the records and respond.
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Shreyash Devalkar on how to spot winning stocks in India's expensive market
It has gems jewellery and paint, consumer electronics, telecom, hospital, power, even it has power utility which is one of the highest growing segment and real estate. So, it is a combination of both cyclicals and non-cyclicals.
Rural demand in FMCG sector will grow more in the coming quarters: Axis Securities
In Q1FY25, India's FMCG sector saw significant growth, led by a strong recovery in rural demand. Companies faced headwinds like competitive intensity and rising raw material prices but managed to post revenue gains. Strategic rural distribution and marketing investments are expected to drive future success.
'Green shoots' in FMCG: RBI says rural economy responsible for sector's revival
India's rural economy aided the FMCG sector's 6.6% volume growth in the first quarter of FY25, stated the RBI. Rising incomes, better infrastructure, and growing rural savings have contributed to this recovery, with further improvements anticipated from better monsoon conditions and increased government spending on rural development.
FMCG players expect volume trends to sustain amid rising demand in rural markets
FMCG firms reported rural demand resurgence and strong e-commerce growth, especially through quick commerce, in the June quarter. Companies like HUL, ITC, and Dabur, despite high food inflation, are optimistic about future growth due to favorable monsoons and government policies boosting the rural economy. Traditional urban channels showed some slowdown.
From PepsiCo to P&G, India becomes next big growth bet as China lags
India has attracted consumer goods companies like PepsiCo and Unilever due to its fast-growing economy. These firms introduced new products and packaging to appeal to India's diverse population and untapped rural markets. Enhanced government spending and private consumption recovery contributed to the positive market trends, contrasting the sluggish demand in China.
FMCG sales growth rate falls by a third in April-June quarter: Kantar and NielsenIQ data
India's FMCG market growth decelerated to 4% in the April-June quarter, down from 12.2% the previous year. The slowdown was influenced by price reductions and reduced packaged food consumption. Rural growth outpaced urban areas, but both saw softer consumption. Large companies maintained better performance than smaller players.
FMCG volume growth slows in June quarter, rural outpaces urban market: NielsenIQ
In the June quarter of 2024, the FMCG industry's volume growth slowed to 3.8% due to macroeconomic challenges affecting staple foods like packaged salt, wheat flour, and palm oil. This is a decline from 7.5% in the same quarter of 2023 and 6.5% in the previous quarter.
HUL strategy needs an upgrade to meet new India's aspirations: MD Rohit Jawa
HUL's sales expanded 2% while net profit grew less than 2% in fiscal 2024, a steep decline from FY23 when its revenue and profit had increased 16% and 13%, respectively. The company's performance is considered a proxy for broader consumer sentiment in India. With annual sales of over Rs 60,000 crore, the Indian unit of Anglo-Dutch consumer giant Unilever is by far the market leader in laundry, soaps, shampoo, tea and skin care categories, and the second biggest in coffee and oral care.
Changing consumer trends: Premium outperforms mass as ‘new’ India seeks quality of life
Demand for premium products, including hair serums and fabric conditioners, has grown significantly in the last two years, driven by increasing affluence and changing consumer preferences. Companies like Hindustan Unilever and Mondelez India have seen notable growth in their high-end product sales, indicating a shift towards quality and convenience in consumer choices.
Britannia's rural market share outpaces urban growth, signals consumption revival
Britannia's rural market share has demonstrated higher growth compared to its urban market, indicating signs of increased consumption in rural areas, a crucial segment for the wider FMCG industry. Britannia MD Varun Berry conveyed this progress in an exchange listing.
Rising population the biggest driver of rural demand
A new report by Kantar reveals that the demand for fast-moving consumer goods (FMCG) in rural India has been primarily driven by population growth rather than increased consumption. From 2004 to 2023, rural FMCG growth averaged 3.4% annually, surpassing urban growth of 2.8%.
Could render home not-so-sweet home
The intended objective of removing tax arbitrage to make household savings more fluid across asset classes may not be served if the housing market were to become more illiquid. It would further trap capital stranded by the varied implementation of GoI's model regulation for the real estate sector. The market is seeing a fragmentation in supply in favour of luxury and affordable homes.
Rural market likely to report 6.1 pc volume growth in FY25: Report
The FMCG sector reported a projected 6.1% volume growth in rural markets for this fiscal, driven by population but hindered by inflation and savings focus. Premium products are increasingly popular, especially via e-commerce.
Budget 2024: Housing Finance stocks in focus after Rs 10 lakh crore allocation
Shares of housing finance companies dropped post-budget as FM Sitharaman announced 3 crore more houses under the PM Awas Yojana. Analysts see positive impact on sector despite initial market reaction.
Urban areas hardest hit while rural sector holds steady as FMCG growth slows
FMCG sales growth has slowed down in both urban and rural areas despite price cuts. Factors such as heat waves, election-related restrictions, and reduced cash-buying have impacted demand. Analysts foresee a potential rural-led recovery in the second half of FY25, with expectations of muted value growth and potential volume growth for staple companies.
FMCG makers expect single-digit revenue growth, margin improvements in April-June quarter
Fast-moving consumer goods cos expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines.
FMCG sector expected to see 7-9 pc revenue growth in FY25, helped by a recovery in rural markets: Crisil
FMCG sector revenue is projected to grow 7-9% this fiscal, driven by rural revival, urban demand, and rising disposable incomes. Crisil Ratings indicates premiumisation will boost margins by 50-75 basis points despite marketing expenses. Rabindra Verma highlights 8-9% F&B and home care growth, and 6-7% for personal care. FY25 will see low single-digit product realisation growth.
FMCG spends up 18% in two years due to inflation- Kantar
Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.
Why Mukesh Ambani can't ignore a new consumer habit
Reliance Industries (RIL) chairman Mukesh Ambani is expanding the company's retail empire to include quick commerce services through JioMart. This move aims to compete with players like Blinkit and BigBasket, leveraging Reliance's extensive reach and resources. The shift towards quick commerce reflects changing consumer habits, favoring convenience and instant deliveries.
FMCG demand most in five southern states: Discretionary or essential, sales go north in south
South India leads post-Covid demand recovery with increased FMCG sales, higher consumer spending, and more shopping trips in 2023, a Kantar report shows. Retail sales growth in the peninsula region outperforms the rest of India. The region's rapid recovery is fueled by a young workforce, new-age sectors, and robust manufacturing investment.
FMCG companies to see muted demand in June quarter, recovery likely in H2
Overall volumes, which indicate the number of products consumers bought, expanded 5.2% in the March quarter, unchanged from the three months to December. Sales volumes in rural markets climbed 5.8%, and in cities by 4.7%, from a year earlier, data from Kantar showed. Kantar monitors branded and unorganised products, including unpackaged voluminous commodities. Nielsen, on the other hand, tracks primarily branded retail sales.
FMCG, auto companies break the jinx as rural growth rises above urban
Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.
Rural FMCG sales outgrew urban for the first time in 5 quarters in Q1: NielsenIQ
In the January-March ’24 quarter, rural markets surpassed urban consumption for packaged consumer goods for the first time in five quarters, with rural growth at 7.6% while urban demand declined by 5.7%. Overall FMCG sector value grew by 6.6% driven by consumption, with flat price growth at 0.1%. NielsenIQ highlighted the growth in the FMCG industry being driven by consumption trends, with rural areas leading the growth. By volume, the sector grew by 6.5% nationally, with non-food sector sales growing at 11% compared to 4.8% for food. Home and personal care categories outperformed food categories, with larger pack sizes driving growth.
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